How is that brainwashing? If I go to a 3 hour concert for $50 then I’m agreeing to spend about $15/hr of entertainment. If I’m okay spending $80 for 100 hours of entertainment in gta6 (assuming the game isn’t just trash) then I’m agreeing to spend about $1/hr of entertainment. Am I brainwashed for considering the value I’m getting with my money?
Yes, because that’s not how markets are supposed to work. The value of a bottle of a water to me when im thirsty could easily be $100 but it doesn’t cost that much to produce it. Value isn’t the same thing as price, and if everything were priced to our value we’d all end up living on subsistence wages drinking only water and eating only rice.
A market needs a tension between supply and demand, otherwise it’s some kind of feudalism or slavery.
How is that brainwashing? If I go to a 3 hour concert for $50 then I’m agreeing to spend about $15/hr of entertainment. If I’m okay spending $80 for 100 hours of entertainment in gta6 (assuming the game isn’t just trash) then I’m agreeing to spend about $1/hr of entertainment. Am I brainwashed for considering the value I’m getting with my money?
Yes, because that’s not how markets are supposed to work. The value of a bottle of a water to me when im thirsty could easily be $100 but it doesn’t cost that much to produce it. Value isn’t the same thing as price, and if everything were priced to our value we’d all end up living on subsistence wages drinking only water and eating only rice.
A market needs a tension between supply and demand, otherwise it’s some kind of feudalism or slavery.