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A comment on The Case for Degrowth. Parent comment

Re:The Case for Degrowth by mulmen on Wednesday August 10, 2022 @05:38PM (#32418784)
This seems to conflate the ideas of growth and value. Labor creates some growth but is mostly value. Value is the reallocation of existing wealth. Growth is the creation of new wealth. Both happen when we do (productive) work. Capital needs to get comfortable with the idea that they must "spend money to make money".
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Re:The Case for Degrowth by bsedlm on Wednesday August 10, 2022 @06:26PM (#32419217)
I'm not sure I follow...

value is the realocation of wealth?

hmm, surely to realocate wealth has some value, but what's the relation between wealth and value?

also, what about rent? what does rent do to wealth? to growth? to value?

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Re:The Case for Degrowth by mulmen on Wednesday August 10, 2022 @08:54PM (#32420323)
Yes, the reallocated wealth is itself previously captured growth. Value is created from wealth when it is reallocated but while it is held no value is created.
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