Essence of value


By Alan F. Paguia

Generally, value means the importance we give to goods and services. It represents the extent of how the use of goods and services can satisfy human needs and wants.

Through time, people all over the world have equated such value with the commodity referred to as money.

That is the problem.

Definition of money
Money may be defined as paper or coin which is acceptable in payment for goods and services.

Hence, it is acceptability that determines the value of money. If there is no such acceptability, the money is useless. Therefore, the value of money is a matter of social convention, not a matter of intrinsic usefulness. It per se cannot satisfy human needs and wants. It cannot be a substitute for food, water, equipment or any other economic good or service. It merely serves a perceived convenience as a standard or medium of exchange.

Most people in the world were born and raised under the same money system their parents and ancestors lived and died under. Thus, most people do not question the system. They accept the system – believing it is the best.

1. That is unfortunate because the truth is the opposite of what they believe.

2. Parents teach children to get educated, to be resourceful, creative, helpful and industrious. The present money system defeats this tradition.

3. It is incorrect to say the purpose of children growing up is to earn money. The purpose is to find happiness in meaningful citizenship.

4. Membership in a community is meaningful when the member is resourceful, creative, helpful and industrious.

5. Resourcefulness means one makes use of available materials and skills.

6. Being creative means being productive as distinguished from making one’s self a mere consuming organism. It also means maximizing one’s use of time and avoidance of idleness.

7. Helpfulness means active concern for the less fortunate.

8. Industriousness means doing one’s best always.

9. The present money system effectively obliterates these values. Instead of honest resourcefulness, it engenders dishonest resourcefulness. Thus, even if there are available resources one can use to create the goods he and his family would need to survive, like planting vegetables, the system encourages the easy option of cheating or stealing to accomplish the same purpose.

10. In other words, the system does not really question the source of livelihood or the source of one’s money. That is why criminals who rob, steal, or plunder are able to live a semblance of respectability as government officials or ruthless businessmen.

11. Many young people no longer see education as the key to success. It has been replaced by the perception of money as such key. They also no longer see creativity or industriousness as desirable traits upon which they can build or establish themselves and their families. To them, the solution to an economically difficult life is simple. Just have the money. Or, just get the money, regardless of whoever owns it.

12. This is the reason why thievery and robbery have become rampant both in government and society. The perception of real value has been substituted with that of money’s unreal value.

The essence of real value is the satisfaction of human needs and wants.

Therefore, the government must focus on the PRODUCTION of goods and services that can provide such satisfaction.

Is that what is being done?

The answer is NO.

The government is doing the opposite. It focuses on the proliferation of shopping malls, golf courses, country clubs and show business which whet the appetite of the majority who are poor in our country into meaningless and dumbfounding entertainment.


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