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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: ManyMoose who wrote (77765)	3/22/2010 3:14:21 PM
From: TimF	Read Replies (1) \| Respond to of 90947

Real wealth comes out of the ground. All other wealth is derived from that. In a certain sense, but not IMO a very useful sense. You could just as easily say real wealth comes out of labor (if no one does any work on that stuff in the ground it won't be worth anything). But the labor theory of value isn't a very good one either. Real wealth doesn't come from any one place or thing. Its something that provides value to people, and those things derive from the ground, under the ground, the sky/space (ex. sunshine), human labor, and human thought (or non-human labor and thought). Public (non-excludable, non-rivalrous) goods like sunshine or air, aren't typically looked at directly as wealth (you can't trade them for something else, or use them as a store of wealth), but they are a source of wealth.