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A comment on How Contemporary Art Became a Fiat Currency for the World’s Richest. Parent comment

Re:How Contemporary Art Became a Fiat Currency for the World... by simonh on Friday May 17, 2019 @03:40AM (#19937243)
Suppose there are two possibilities. The transaction could occur, or it could not occur. If the transaction occurs, how does the world 'actually' become poorer as you assert? What's the mechanism that takes value from other people, or otherwise harms them, when this transaction occurs?
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Re:How Contemporary Art Became a Fiat Currency for the World... by yeahitslikethat on Friday May 17, 2019 @09:13AM (#19939233)
It's about the other options for the money other then art. If they had hired people to work, the world would be richer.
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Re:How Contemporary Art Became a Fiat Currency for the World... by bluecalm on Friday May 17, 2019 @02:58PM (#19942449)
They can still hire people and pay them. The situation is the same as before the translation it's just another person with 100m now and a different one with a painting. There is no waste there.
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