WARNING: May contain opinions
in a recent interaction the word "value" and it's meaning was discussed... .
I made the statement "money has no intrinsic value"
the responses I received stated that money had value being that it was currency used for exchange and that the value lay in that
I was using the word "value" interpreted as and utilised to express that which had or has significance from the perspective of it not being or having any natural components consequent to it being a human invention that has no other source
"LIFE is the only thing that has value" I have said on many occasions
the "value" that is attributed to money is only that which is accepted by those utilising the currency for exchange and that it REALLY had "no intrinsic value" beyond the acceptance of it having value by those who ascribe the word "value" to it
ALL this was from a perspective of the need for CHANGE in our considerations of what is acceptable as to no longer allow the creation of inequality deprivation and destruction that our adherence to what I call "a false value system" that finance IS... .
I looked up the word "value" in my dictionary to get a definition and was surprised to find that I was definitively incorrect in stating "money had no value" as the discussion came to be about even though I had said "money has no intrinsic value"
I was happy to state even that "money has no value" even though like everyone else I use money as currency for exchange currently
I don't ascribe any value to it as such it being only a tool utilised as currency for exchange
again this is definitively incorrect... .
1 worth in monetary terms.
2 the quality of being useful or desirable; the degree of usefulness or desirability.
3 the exact amount of a variable quantity in a particular case.
4 the quality of being a fair exchange.
5 (values) moral principles or standards.
6 math a quantity represented by a symbol or set of symbols.
7 music the duration of a note or rest.
verb (valued, valuing)
1 to consider something to be of a certain value, especially a high value; to esteem.
2 to assess the value of something.
ETYMOLOGY: 14c: French, from valoir, from Latin valere to be worth.
. ...it being useful as currency for exchange
WELL that leaves me having to find different words to express my perspective on money though I did a little research as I do on the etymology of the word "value" and found it to come from "from Latin valere to be worth" further searches revealed that it is the root of the word "valiant" also where the etymology is stated as "from Latin valere to be strong"
outstandingly brave and heroic.
ETYMOLOGY: 14c: from French vailant, from Latin valere to be strong
elsewhere the meaning of the Latin word "valere" is stated as "to be strong - to be of worth"
this it seems is from a need in past history to be brave and strong in battle that being of worth to the people of those times
such a discovery opens up more points for consideration and how that fits into my supposition that humans are inherently creative with that inherent creativity being manipulated by a "false value system" that finance IS recognising that money can and is considered useful enabling us to utilise it as currency for exchange
one thing is for sure and that is that money was and is invented by humans and the current paradigm has it creating inequality deprivation and destruction ALL totally unnecessary as there are systems of currency currently proposed that not only do non of those things in FACT the opposite is true
one example being
though a start POINT would be http://en.wikipedia.org/wiki/Basic_income_guarantee with further refinements such as the removal of profiteering from essential services including health.
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