Comment by noduerme
4 days ago
It's not the bits that are copyrighted, it's the performance and the creative work.
Your savings account is just bits on a disk, yet presumably it represents value that you worked for and which belongs to you to do with what you wish.
> Your savings account is just bits on a disk, yet presumably it represents value that you worked for and which belongs to you to do with what you wish.
That's another example of the shared delusion, since yes, we tell eachother it represents labor and resources, and the market engages in allocation somewhat efficiently, and so the money is a pretty accurate representation of the value of labor and the value of resources.
In reality, that's not true, because the most highly compensated jobs are some of the least valuable, such as investment bankers, landlords, or being born rich (which isn't even a job, but is compensated anyway). Rent seeking is one of the most highly compensated things you can do under this system, but also one of the most parasitic and least valuable things.
Your savings account's number is totally detached from accurately representing value. It's mostly a representation of where you were born.
Value is subjective. Ownership is not. You're attempting to perform a sleight of hand by conflating the two.
It doesn't matter whether you personally find some creative material to be worthless, or you personally think someone doesn't generate sufficient value to deserve their bank balance. The reason it doesn't matter is that societies cannot run on an individual's opinion about whether other people deserve ownership over what they legally own. Because if it did, that society would quickly disintegrate into anarchy.
Speaking personally, as someone who once was on course to make 9 figures and now makes a low 6, I think it's sort of a pathology to spend your time worrying about how much less you have than other people. What matters is whether you can be recognized for your work and earn from it. I don't care that some people just inherited what they have, while I had to struggle as a taxi driver and waiter and minimum wage intern. That's annoying, but it's not as bad as living in a society where I can't capture the value of what I produce creatively. Having ownership of my work is far more important to me than money. But I have a right to expect that e.g. code I develop in my toolkit will remain my own to provide me an income.
„Shared delusion“ - just another term for „social contract“?
Sort of? The contract doesn't mention that "value" and "price" are just as often negatively correlated as positively so, though, and claims the opposite (always positive correlation), hence where the shared delusion comes in.
> Your savings account's number is totally detached from accurately representing value. It's mostly a representation of where you were born
This could also be true because the number of dollars in circulation is "just bits on a disk" that politicians can manipulate for various reasons.
Someone can work very hard and save their earnings, only to have the value diluted in the future. Isn't that also a delusion?
> Someone can work very hard and save their earnings, only to have the value diluted in the future. Isn't that also a delusion?
Yes, it is.
It's one of my pet peeves about the cryptocurrency movement vs neoliberal institutional types. "Bitcoin is juts bits on a disk!" is always answered with "well, dollars is too!" To which the institutionalist can only say, "no, that's different." But really, it isn't.
What the cryptocurrency people get wrong is that replacing one shared delusion with another isn't a useful path to go down.
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