Real value econ lesson
A good lesson in REAL-WORLD economics.

Rybolovlev, who sold two Russian fertilizer producers for almost $7.5 billion in 2010 and 2011, has been pursuing Yves Bouvier around the globe for several years, claiming the art dealer owes him more than $1 billion. Rybolovlev accused Bouvier of overcharging him on 38 artworks that he purchased for $2 billion over more than a decade.

This is what both Marx and Mohammed were talking about.

No real value at all. Hifalutin "art" serves exactly one purpose. It's the same as potlatch and palaces. The PRICE ITSELF displays the EXCESSIVE wealth of this fuckhead.

How can you even define overcharged in this situation? Without the price display, the real value of hifalutin art is negative. When you buy an artwork like "3.61 square meters of air", you are buying an obligation to maintain the non-space in the correct condition with proper visibility of the nothing.

If Bouvier charged more than some arbitrary amount, the EXCESS means that the art is MORE valuable in this sense, not LESS. The overcharge DISPLAYS to the Deplorables that the buyer can spend ANY amount of money for ANY amount of nothing.

All perception is ratios and baselines.

Normal humans determine the ratio of price to value by simple utility, with a simple linear formula. If I buy one tomato I can make one omelet, which gives me one unit of wonderful taste and one unit of vitamin C. If the store charges me twice the original price, I'll have to skip a day between vitamin C inputs, which will not be good for me. I'd have real physical grounds for complaint if not suing.

Rich fuckhead value is measured by status comparison, not utility. The numerator of the ratio is the publicly known price, and the denominator is real value of the object by Deplorable standards. If fuckhead pays 1 billion dollars for a piece of paper that would be worth 0.1 cents if it wasn't covered with meaningless random paint spots, the ratio of 1 billion to 0.1 cents is 1 trillion. If Bouvier charges him 2 billion, the ratio is now 2 trillion. He is now "worth" 2 trillion times as much as a Deplorable, so he should be THANKING Bouvier, not SUING him.

Labels: Natural law = Sharia law, Natural law = Soviet law, Real World Math

  ¶ 12:13 PM