pull down to refresh
10 sats \ 13 replies \ @denlillaapan OP 5 Dec \ parent \ on: Music Has No Economic Value; Convince Me Otherwise (TDE, Joakim Book) BooksAndArticles
yes, it's called donations.
Your reply is infinitely replicable both technologically (1s and 0s are infinite) and linguistically (= words are free).
I will proceed to zap your reply. Have I now undermined the fact that your reply, being nonscarce, has zero economic value?
You are saying any exchange on the market is called donations? They are all barters using a medium of exchange, but donations?
I think you are dodging the issue by changing the definitions of the words you are using. Do you know who does that all the time?
reply
No, I'm saying markets (and market prices) have a function -- directly related to scarcity.
When you're paying for something that isn't scarce, i.e. isn't an economic goods, what am I to call it but a gift or a donation?
reply
When you pay, whether in money or other goods, you are exchanging. Donations, on the other hand, are outright gifts. Those are the differences. Does it matter whether the good being exchanged for is in plenty or scarce? No, not really, because there is an exchange going on. As I said before, there would be no exchange if both the parties to the exchange did not think what they were getting was worth more than what they were giving up.
reply
Let me "sell" you some air, sir.
How about my mother's recipe for chocolate cake? Or a^2+b^2=c^2?
reply
Great, however I find no value and will not exchange. I already own the ones I want. As a counter offer I will take those goods if you pay me 5000 sats. Got a different offer?
reply
I gotta pay you for taking noneconomic goods?
Interesting, interesting... A little like how musicians as a group supply music at a loss?
reply
You understand what dickering is all about, then, right?
Only if they cannot sell tickets to their live concerts. Or, enough tickets to cover the price of the venue and the profit as the entrepreneurs.
reply
yes, it's called donations.
You sure you want to call it a donation when I buy a ticket so I can see an artist perform live and have a great experience?
Sorry but that argument is so weak, I’m not sure you’re arguing in good faith.
Your reply is infinitely replicable both technologically (1s and 0s are infinite) and linguistically (= words are free).
That’s a very narrow view. Not all content is created equally. People pay to get access to content from some writers. Just because the vast majority of people write for free, doesn’t mean all content is free. It’s clearly not.
reply
I pointed out that this is just changing the definitions of the words being used.
reply
I explicitly use the concert example in the article. You're welcome to read it, sir.
A concert, unlike infinitely replicable digital files, has plenty of scarcity -- which is why Taylor etc can charge tons for them.
reply
Do I need to read the article to point out that replying with
yes, it's called donations
to
I’ve gone to concerts and paid using dollars
doesn't make sense? But I see, I think you only wanted to reply to the first part:
I bought music using dollars
I still don't agree with you but it at least makes more sense now
reply
Yea, the dude said he's bought "music using dollars". And then in later sentence he mentioned concert.
So that's what I was replying to.
Concerts are scarce economic goods (well, services). No argument there. But that's not what I'm talking about
reply
Music has become less valuable since Napster and the ability to get copies of music without the requirement of a physical medium to hold that music. I do see your point. However even though music is much cheaper, there are still services providing a selection of music and those services charge a fee. What you get in return is music.
Also, importantly, words themselves may be free, however the ideas held in them can be immensely valuable.
reply