UnThreaded | Threaded | Whole Thread (139) | Ignore Thread Prev | Next
Author: Rayvt Big gold star, 5000 posts Top Favorite Fools Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 252708  
Subject: Re: OT: Wealth Date: 3/6/2013 11:37 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 6
I'm not taking it to that degree. I have a strong respect for logistics, processes, and services. To me, I take the Six Sigma approach to value-added (Transforms the item/service toward completion, Customer cares (willing to pay for it), Done right the first time).

So transportation of a good is still a value added activity.


The problem wasn't so much that they got it wrong. Errors will eventually correct, if allowed to.

The problem was that they looked at a situation, decided (albeit erroneously) that the situation wasn't right, and used force to change the situation to their own preferences.

Which is the same thing you are doing in posing the question.

Under that definition, manipulation of money is still value-added, of course, as it transforms money towards a particular goal, which is more money, and clearly people are willing to pay for that. Whether it's done right the first time, well... But there is still a significant difference in the amount of wealth created solely through manipulation of existing wealth and wealth created through any other means.

You happen to identify one particular thing as good, but then proceed to identify another particular thing as bad. And the follow-on is that you think the situation that you identify as bad should be corrected by force.

That what the UUSR (specifically Lenin & Stalin) did. They thought a thing was bad. In hindsight, we realize that they made an error. But at the time, they thought they were NOT in error.

============
And this ENTIRE thread does not belong on the MI board.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (139) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Nu Skin Showing its Age?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement