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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (11459)	11/28/2001 4:36:04 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Yes, more useful things than 100 years ago. From an individual's point of view, they are living and the value was the same then as now, but from an interactive point of view, we live in an exchange system with relationships and integration with other people. So somebody doing something now can benefit 5 billion people, whereas 100 years ago, a blacksmith putting a shoe on a horse could only benefit one person or a few people [if the horse pulled a cart]. A person now can come up with a CDMA algorithm and immediately the benefit flows to all CDMA users, which will soon be all people. Another can come up with a dendritic cell vaccine and benefit millions of people with a particular problem. These things were not possible 100 years ago and any benefit that was created was spread over far fewer people than now. So, inasmuch as the economic value of our lives is measured in benefits to other people, yes, lives now are much more valuable than then [though not for all individuals of course]. Though the value to the individual is still probably about the same for their own life [each person still only has one life]. Mqurice