Objectively a $100 bill is a piece of paper with some ink applied to it. It has very little objective value. Subjectively, it may have a larger value to some people; the value of paper money is subjective and essentially arbitrary.
You might want to find a better example of non-subjective value.
rossum
The value of money is an accepted portion of the wealth of a country agreed to by the citizens who live within that country.
I value $100 the same as the shop keeper I give the bill to. Therefore it is wrong to say that value is ALWAYS subjective. The key word there is ‘ALWAYS’.
You may value it differently. That doesn’t mean the shop keeper and I don’t value it in the same way. It is wrong to say it is ALWAYS subjective.
ALWAYS ALWAYS ALWAYS ALWAYS ALWAYS was the quote.
Currency is not supposed to be arbitrary. It is supposed to be a sub section of wealth of a country.
Although especially (but not confined to) Left wing politics tries really hard to ignore this, to our detriment. As reality always catches up to the subjective mindset such as in the deluded Venezuelan Left wing political socialist view about money and currency.
You can’t just wish value on such things and expect objective reality to follow along with you.
There is an objective value.
If there are only 100 $1 bills in a country then the $1 bill is its own numerical value divided by the total number of currency divided by the total wealth of the country. In this case 1% of the wealth of a country.
Now it is true that the government (especially Left wing governments) could say print another 100 $1 bills.
The value of the $1 bill is still its own numerical value divided by the total number of currency divided by the total wealth of a country. In this case it is 0.5% of the wealth of a country.
The value has changed but it is not subjective.
The problem with Left wing politics is that it tries very hard to break this objective rule and it always goes wrong because of it.
Which to bring the post back to the thread topic is the new Godless Left’s insanity of believing it can give subjective value to a country’s wealth and create a utopia by distributing it in accordance with politically correct tenets.
Reality, especially when it comes to finances has an objectiveness to it. The danger of imposing a subjective view on this in accordance with a compassion that is itself a manufactured morality of Left wing philosophy is incredibly dangerous.
And it is objectively wrong in that it futilely tries to wish away a reality which will always have the last laugh.