Intermarkets' Privacy Policy

Donate to Ace of Spades HQ!

Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups

Saturday Morning Politics Thread: Can We Forgive Marco Rubio? [Y-not] | Main | Illinois Special Election Pits Establishment Scion Vs. Tea Party Outsider
April 18, 2015

Fundamental Concepts – Value [Weirddave]

So here's my fun life. I'm trying to deprogram a kid who spent the past three years embedded in the SJW/Proggy subculture. I see lots of you who sent your kids away to college nodding your heads. Well, it wasn't college in my case, but the results are the same. One of the hardest concepts to reintroduce is value, because it is so routinely dismissed and denied by leftists worldviews. Lets start with the most basic concept:

“X” is worth exactly what someone will pay for it.

That's it, really, there is nothing else to say. Goooodnight every body!

No, really, that should be all there is to say, but so many people make it a career of denying this one simple truth that entire industries have arisen to support the denial. Unions, to name just one obvious culprit. Minimum wage laws, to name another. Human beings just seem to be hardwired to deny the obvious.

Lets start with an example: My car. I just went and used the Kelly Blue Book website to calculate the “value” of my car. It came back with a figure: $10,431. That's it, the definitive word for a private sale from a recognized expert source: My car is worth $10,431 (which is depressing because I owe more than that on the loan, but that's another story). But is it?

Well, I went to Craigslist, and looked for the same make, model and year. There's a lot of results, and it's not nearly as specific as KBB (KBB lets you control for options, condition, etc.., Craigslist just lists everything), but a quick rough estimate off the top of my head shows my car listing for an average of $13,000. Brilliant! My car is worth $2500 more than it's worth!

Wait, what?

And that's the crux of it. KBB is a respected, honest, earnest company with decades of experience behind it. I absolutely believe that they are giving their best, expert estimate as to what I could get for my car, but right this second cars just like mine are listing for $2500 more. So what is my car worth? $10, 431 or $13,000?

The answer is neither.

My car is worth whatever I can get for it if I decided to sell it. It might start as a $10,431 car, but because it's stick shift, which is rare, someone who likes driving manual would give me more than that. It might start at $13,000, but because of that goddamn dent in the passenger side below the back door that doesn't effect anything but it's ugly ( a plow threw a parking block into a snowdrift and I didn't see it. In case you haven't guessed, this sequence of events still pisses me off ) nobody will give me more than $12,350. What's it worth? I don't know, and I won't know until I try to sell it.

Here's another completely made up example. Let us postulate a house. This house:


Now that house is in Detroit, and it's definitely a handyman special, a real fixer-upper. What's it worth? In this world, nothing most likely. Really, would you pay anything for THAT? In Detroit of all places? Probably not.

But now lets add a twist. That particular home was the childhood home of Daddy Warbucks, who is richer than hell and dying fast from aggressive pancreatic cancer. Daddy Warbucks has come to realize the error of his evil capitalist ways, and wishes to live out the last week of his life as he lived in a simpler time. Money is no object and time of the essence. He'll pay $10,000,000 to die in his childhood bedroom.

So what is the house worth? Last week, it was worth nothing. Next week, it'll be worth nothing. Right now, it's worth TEN MILLION DOLLARS!

My advice is sell quick.

What's changed? It's important to realize that the house didn't change, Detroit didn't change. Nothing changed except that one old man suddenly decided to spend everything to be comfortable in his last days, and that changed the market. As soon as he died it changed back. The entire time, the house was worth what someone would spend for it. That didn't change. The number did.

How does this apply to labor?

Exactly the same way. Labor is a commodity. People who need things done will pay for that commodity. How much they will pay depends on how badly they want a certain task done. My older son, Big, just can't seem to get this concept through his big, fat, melon head. Big is looking for a job. He keeps texting me leftist bullshit to justify his frustration. You ever attempt to educate someone on economics through text? Don't. It's not fun.

Here's a perfect example of what I'm talking about:

Big: ”Without minimum wage laws, employers would pay their employees the minimum they could get away with!”

Me: “The minimum they can get away with is exactly what they are worth!”
*Big and I stare at each other with perfect mutual filial loathing * (metaphorically speaking, this was via text)

Hmmmm. Jonah Goldberg's couch just phoned me and told me two thing. #1, shame on me for stealing his bit, and #2, wrap it up, I'm meandering.

Look, it really is as simple as I said way back at the beginning. Anything: good, labor, service, all it's worth is what someone else will pay for it. If you want your good, labor or service to be worth more, then it's up to you to make it worth more. That's a fact of human existence as immutable as gravity is in the physical world. Any philosophy, political or sociological, that denies that simple truth is destined to fail, utterly and catastrophically. I'd suggest using that as a yardstick. You can do what you want, but as for me, my minimum requirement for decision making is reality. Cold, hard, uncompromising reality. It doesn't make me “feel” good very often, but dealing with what IS rather than what my feels say should be in a rainbows and unicorns world has paid great dividends IRL. I just wish I could get Big to realize this. Do you think I could smack him on the head with an axe? You should be able to smack kids on the head with an axe, shouldn't you? It didn't used to be against the law, did it? Seriously, that's the solution. Smacking kids on the head with an axe used to be illegal, and that was good until I personally turned about 30, because dad would have had a field day with me, but now that law is bad because it precludes me from smacking Big over the head with an axe, right?

digg this
posted by Open Blogger at 10:30 AM

| Access Comments

Recent Comments
Count de Monet: "Buenas Nachos! ..."

Moron Robbie - Until scrubbed docs show other it's safe to assume the antifa shooter was a tranny: "Ardy ran bonhomme of because of his religion why d ..."

Oedipus: "Dude, was this a clean first shot by Ace? I don't ..."

Eye Socket is a DNA Cup Holder: "561 Where is Dan Crenshaw? Posted by: Soothsayer ..."

ALH: "Yabba Dabba Do! ..."

OrangeEnt: "Is that Chicago on fire in the far background, Mis ..."

AlaBAMA: "Man has 11 children! ..."

Anonymous Rogue in Kalifornistan (ARiK): "Thank you for ONT Mis Hum. Great pic up top. Are ..."

Scarlett O'Hara : "What a night of powerful personal stories. ..."

ALH: "Top 10 ..."

AlaBAMA: "WWII vet from Wisconsin! ..."

Ciampino - Wed Update #01: "The link for Quote II gave me a 404 error. ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64