Money As A Social Construct

[uneng]

Just as there are an infinite number of ways to serve others, there is no limit on what could be considered money. Beauty is in the eye of the beholder and credibility is subjective. Without material proof, credibility is based on faith, and because this world is a physical illusion (digital hologram), we are saved by faith alone.

There is no limit on what could be considered money, as long as it represents something which has a real value. Sticks and rocks can be used as money, but they have to be backed by something valuable in counterpart, otherwise they are going to be simply sticks and rocks...

Credibility shouldn't be subjective if this world wasn't infested by moral relativism, which leads to illusions and misconceptions. But since we live in a reality of manipulation and deception, we tend to develop subverted conceptions about what is essential, high quality and promising. At same time, what is useless, ephemeral and disposable end gaining more recognization and importance than they should.

However, nothing escapes the test of time. Time is always going on to show us the truth and how mistaken we can be regards stances, opinions and predictions we make.

[btc78]

After all those paragraphs, this is right anyway. Whether we like it or not, money is what makes the world go round. It is what drives everyone. Everyone works for money. This is the one thing that we need in order to survive. Happiness is not only dependent on money but your quality of life depends on how much money you have.

for today's era money is the number one priority in our lives, and it is true that money makes the world go round. because its meaning and significance are very broad, unlike a few centuries ago money did not reflect comprehensive power, but now the power that is needed by everyone and money becomes the power of life for those who hold it, and those who have a lot of money certainly feel much good.

money has always ruled the world though in varying ways and intensity but from the start of time whoever had more ownership was regarded as powerful and a leader of the rest of the peopoe that was how life was back then

[Oluwa-btc]

value is subjective.

Not every value of money is subjective. A subjective value can be called a value that is valuable to a certain limited group of people. If we are talking about money, for example, the currency of a country has a subjective value for the citizens of that country. The value of a form of money for a limited period of time is also subjective (for example, the British pound has been the world currency for a century, that is, it was valuable to everyone for a limited time). Is there any form of money that is objectively valuable to everyone and always, that is, throughout the history of mankind?  It's gold. Therefore, the value of gold is not in the eyes of the beholder, its value is objective, because gold is valuable for everyone and always. Is it logical?

So long as it offers and serves the same purpose for which it was made for, it'll be quite functional to because people have collectively
Agreed that it has value and there's the "social construct"the acceptance,trust and comfortability we've given makes it valuable literally to us.Its a real value to us and we'll always make a chase for money.

[Cheema02]

Not every value of money is subjective. A subjective value can be called a value that is valuable to a certain limited group of people. If we are talking about money, for example, the currency of a country has a subjective value for the citizens of that country. The value of a form of money for a limited period of time is also subjective (for example, the British pound has been the world currency for a century, that is, it was valuable to everyone for a limited time). Is there any form of money that is objectively valuable to everyone and always, that is, throughout the history of mankind?  It's gold. Therefore, the value of gold is not in the eyes of the beholder, its value is objective, because gold is valuable for everyone and always. Is it logical?

Value of money is fundamentally subjective as it is shaped by human perception, trust and context. We prefer paper currency note as it has little intrinsic value, but still we accept it in exchange for good and services because we collectively belive in its worth. While Gold has a contrast value than money because it has been considered valuable for thousands of years not because it is useful in daily life but because people percieve it as rare and durable. During the time of financial instability we believe in industrial value of gold. Both money and gold highlight their subjective values, it depends on how much people are willing to trade for either money or gold. In the end, neither money nor gold has inherent value because their value lies in the belief shaped by our governments.

[Unknown Op]

Money is important for the society because we need money to exist because people will give respect when we will have money and when we have no money then we will be disrespected because people think that he is not valuable person. There are thousands of people who are leisure and they have no value in society and society give respect to the authority not to the person because the know that he has power and he will get benefit from him at any time, So we should give him respect.But if you have skills then you will be valuable person and people will be engage with you and money will give you all facilities of life and now everyone want to be rich and they are doing wrong things to earn money.

[Darker45]

Yeah, I agree, money is a social construct. However, it isn't an ideal one to say the least as far as our current fiat money is concerned. Ideally, a social construct is supposed to be something that's agreed upon by the people who make up the community or society. But that may not be the case with our current fiat. With all its flaws, shortcomings, abuses, and whatnot, fiat money remains to be the kind of money everyone uses not because people agree for it but because the powerful government dictates that it's the kind of money that should be used.

[viljy]

Not every value of money is subjective. A subjective value can be called a value that is valuable to a certain limited group of people. If we are talking about money, for example, the currency of a country has a subjective value for the citizens of that country. The value of a form of money for a limited period of time is also subjective (for example, the British pound has been the world currency for a century, that is, it was valuable to everyone for a limited time). Is there any form of money that is objectively valuable to everyone and always, that is, throughout the history of mankind?  It's gold. Therefore, the value of gold is not in the eyes of the beholder, its value is objective, because gold is valuable for everyone and always. Is it logical?

Value of money is fundamentally subjective as it is shaped by human perception, trust and context. We prefer paper currency note as it has little intrinsic value, but still we accept it in exchange for good and services because we collectively belive in its worth. While Gold has a contrast value than money because it has been considered valuable for thousands of years not because it is useful in daily life but because people percieve it as rare and durable. During the time of financial instability we believe in industrial value of gold. Both money and gold highlight their subjective values, it depends on how much people are willing to trade for either money or gold. In the end, neither money nor gold has inherent value because their value lies in the belief shaped by our governments.

Yes, that's right... The question here is that even a subjective perception can turn into an objective one. In other words, if absolutely all people value gold, then this is an objective fact, not a subjective opinion. This is not a matter of principle, but rather terminology. Objective is something that exists regardless of people's opinions or preferences. Can the subjective become objective with universal acceptance, when the opinion about the value of gold is only the same for all people over the centuries?

Or I'll reformulate it this way. Does a subjective opinion turn into an objective one when there are no other subjective opinions? For example, bitcoin has a subjective value, because its value is different, for example, for Michael Saylor and Warren Buffett. It's valuable to one person, but not to the other. But I guess their opinions are the same on gold. If all of humanity consisted of the two of them, then the value of gold would be objective (because there are no other people or other opinions anymore), whereas the value of bitcoin would remain different for them, that is, subjective.

[Hammer_Summer]

Trust really is the cornerstone of money because without shared beliefs or aims any form of transaction feels empty or forced. I also think people misunderstand how related money is to context. What maintains value in one space could signify nothing in another and sure if your environment does not represent your idleals maybe it’s time to shift or construct something new. The game is always running but we get to select how we play.

[doomloop]

Absolutely money is power, money is a control force and without it the world can't be a better place and it's money that solves or answer to the basic things of life that is needed. With money you can command things, you can put things in place but it shouldn't be that money is the major criteria which is why they say money is the root of all evil, I don't think they made a mistake in regarding this cause it has mounted high pressure on the individuals making them lost count of how well the money should be spent

I as well heard that knowledge is power, but it must be true because without it, how you can wisely spend your money? It will only run dry and you will be powerless again in no time.

There are evidences already that money can also do the worst things instead of helping. So maybe if without money, the world can be much better. Some things will only work differently after it because right now, money is one of the things we use to acquire necessities in life (as you also said there). To avoid pressure, we must have a plan but we must obviously spend our money only on good things that can't harm us and the other people.

[l3pox]

Absolutely money is power, money is a control force and without it the world can't be a better place and it's money that solves or answer to the basic things of life that is needed. With money you can command things, you can put things in place but it shouldn't be that money is the major criteria which is why they say money is the root of all evil, I don't think they made a mistake in regarding this cause it has mounted high pressure on the individuals making them lost count of how well the money should be spent

I as well heard that knowledge is power, but it must be true because without it, how you can wisely spend your money? It will only run dry and you will be powerless again in no time.

There are evidences already that money can also do the worst things instead of helping. So maybe if without money, the world can be much better. Some things will only work differently after it because right now, money is one of the things we use to acquire necessities in life (as you also said there). To avoid pressure, we must have a plan but we must obviously spend our money only on good things that can't harm us and the other people.

this guy who wrote "psychology of money", Morgan Housel, just launched a book about spending your money in a wise way and where it is worth to spend on
it's on my read list, I think it probably has some interesting takes
a bit separate topic than the main one but still thought it was worth mentioning

many say that money act as magnifying glasses, making your qualities and defects bigger

[SATWAT]

Absolutely money is power, money is a control force and without it the world can't be a better place and it's money that solves or answer to the basic things of life that is needed. With money you can command things, you can put things in place but it shouldn't be that money is the major criteria which is why they say money is the root of all evil, I don't think they made a mistake in regarding this cause it has mounted high pressure on the individuals making them lost count of how well the money should be spent

I as well heard that knowledge is power, but it must be true because without it, how you can wisely spend your money? It will only run dry and you will be powerless again in no time.

There are evidences already that money can also do the worst things instead of helping. So maybe if without money, the world can be much better. Some things will only work differently after it because right now, money is one of the things we use to acquire necessities in life (as you also said there). To avoid pressure, we must have a plan but we must obviously spend our money only on good things that can't harm us and the other people.

Using of money wisely always needs knowledge which is surely mean knowledge is power instead of money but if you have only knowledge and not money you can't do anything but if you have money, and you are not capable of using this wisely things can go into your way.
I want to say money is always power because in practical life I already met many peoples those are having good abilities and knowledge, but sadly they are not able to work because they have no money but peoples those have money are doing things which are possible for them even they are not having enough knowledge.
No doubt money had both positive and negative aspects but still It's now much-needed thing for success and achieving goals in life without this nothing is possible spending in good and better things is also important.

[AbuBhakar]

Using of money wisely always needs knowledge which is surely mean knowledge is power instead of money but if you have only knowledge and not money you can't do anything but if you have money, and you are not capable of using this wisely things can go into your way.
I want to say money is always power because in practical life I already met many peoples those are having good abilities and knowledge, but sadly they are not able to work because they have no money but peoples those have money are doing things which are possible for them even they are not having enough knowledge.
No doubt money had both positive and negative aspects but still It's now much-needed thing for success and achieving goals in life without this nothing is possible spending in good and better things is also important.

Money is opportunity. It provides you to do many things unlike only having a knowledge. Some smart people but not financially capable are stuck into what we call rat race since they have no money to explore more things. Money can be used to learn more skills, it's just that rich people often take advantage of their status thinking that their wealth won't run out.

If I have to choose being born smart or rich, I would choose to be rich. Knowledge can be easily acquired if you're really determined to learn.

[yhiaali3]

I agree with you that money is the primary driver of everything in the material world. Everything revolves around money, whether individuals, groups or even countries.

Humans are a collection of emotions and desires, all of which drive them to seek money to satisfy them. The desire to own women, real estate, cars, tourism, recreational trips, and enjoy delicious food and drinks and none of this can be achieved without money. Therefore, people, willingly or unwillingly, are driven to seek more and more money.

Even countries need money, and so we find them constantly searching for new resources to develop their economies and militaries. This is why conflicts and wars arise in the world as a result of competition over these resources.

[aylabadia05]

Whether you like it or not, money makes the world go round'. You must compete, but where and how you do it is your choice entirely ...

Because as a means of payment, everything has to be done with money depending on the size of the need. That is true. The world is driven by money from an economic aspect, but from other aspects such as social, the role of money as a driver exists but its value is different.
Utilizing money wrongly is destroying the world. I think we are in a world where money is being misused, so there is a lot of chaos.
I'm not forcing people to believe but I see the world now like that and it's happening everywhere.

[Popkon6]

What is your point?

money makes the world go round?

As far as I know, money cannot buy happiness, but yes, people cannot be happy without money. They are directly and indirectly related to each other, those who have more money have more problems, especially symptoms of illness and mental stress. Such problems can always be reflected in the rich and wealthy people.
In this world, every person runs after money to earn income, so in everyone's life, earning money is the biggest sign of survival and money has to be fought for every moment.

[STT]

Money at the moment is entirely made up unfixed imagined value which is actually debt, so yea its whatever we say it is and its nothing in the end.   We're all playing pass the parcel with a time bomb and somebody ends up with a pile of leaves that was supposed to be worth something and its just junk, its almost on purpose a bad joke.
  Instead of commodity value as money used to be based on, I would better describe modern money as a form of communication almost like political capital a claim on future tax revenues perhaps but not actual money in a classical sense hence we have the innovation of crypto which some say will take over and its at least got a fair chance I reckon alongside many other scenarios.

[Agbamoni]

.
With money being a social construct, that being in the mind of parties that agree, we can actually state that, money haven't got a territory to it but then, its territory could be traced to acceptance and the value it accords itself.

Yet, Bitcoin and a variety of coins out there have got no territory, just a means of transfer and still serve  monetary purpose for those who agree. Mind you, the measure of this value or money isn’t unilateral, it’s based on agreement by parties.

You're right the idea of any monetary asset, whether fiat or crypto, only holds a certain value because people agree it does. Bitcoin just takes that idea global, no borders, no central authority, just consensus. It’s wherever people believe in it that is where it will be. If anyone try to replace the value of Bitcoin he is trying to replace peoples trust on Bitcoin. Right now we cannot say Money and Bitcoin is paper and numbers, it is build on the prospect of belief and decade of effective performance.

[MarjorieZimmermanGinger]

The most important thing to remember if you desire to generate more money (social capital) is to position yourself within a political climate that embodies your values, and if the group you currently find yourself in does not adequately represent your interests, create your own.

Whether you like it or not, money makes the world go round'. You must compete, but where and how you do it is your choice entirely ....

Don't let money enslave your life and instead use the money to grow social values towards others by helping those in need. Making money by seizing social values is not good because you will not take money with you when you die and money is quite important in living a social life but it does not mean that money is everything. In the context of life there are various ways to help each other and it is not all based on money because you can help people in different ways. Never narrow down social values because we are not always talking about money and it happens in an environment that is created because of individual awareness in helping others.

[Pi$$]

After all those paragraphs, this is right anyway. Whether we like it or not, money is what makes the world go round. It is what drives everyone. Everyone works for money. This is the one thing that we need in order to survive. Happiness is not only dependent on money but your quality of life depends on how much money you have.

for today's era money is the number one priority in our lives, and it is true that money makes the world go round. because its meaning and significance are very broad, unlike a few centuries ago money did not reflect comprehensive power, but now the power that is needed by everyone and money becomes the power of life for those who hold it, and those who have a lot of money certainly feel much good.

No matter how much we talk about passion or purpose at the end of the day money dictates the kind of life we can live. It’s not everything but without it even the fundamentals become a battle. Happiness could come from other things too but money provides you the freedom to genuinely appreciate them.

It has been said that "money is the root of all evil", but this is nonsense.

Money is merely a tool to fulfill the wielder's desire.

You're quoting the wrong thing or rather making your quote the wrong way. Money is not the root of all evil, rather, the love of money is the root of all evil.

This should not even be a subject that should be debated upon because we are literally governed, moved and directed by the way money moves. The different class in the society exist just because of the difference in their financial state. The segmentation of the world unto third world country and the alpha countries are still tied down to the fact that some are financially viable enough to sort out most of her needs while the others are financially constrained hence they have to depend on others for most of her needs.

Money helps you to control your moral standing and places you at a position where you stand to have a say in what you choose to do and how you want to go about it. Once you've solved the problem of getting money you've practically solved the majority of your life's problems because a lot of the things you see as challenges are things that the right finance can help solve ASAP.

[slapper]

I agree with you that money is the primary driver of everything in the material world. Everything revolves around money, whether individuals, groups or even countries.

Humans are a collection of emotions and desires, all of which drive them to seek money to satisfy them. The desire to own women, real estate, cars, tourism, recreational trips, and enjoy delicious food and drinks and none of this can be achieved without money. Therefore, people, willingly or unwillingly, are driven to seek more and more money.

Even countries need money, and so we find them constantly searching for new resources to develop their economies and militaries. This is why conflicts and wars arise in the world as a result of competition over these resources.

I don't think money is what drives people. I think it's the gap between desire and respect. I've seen people get burned out trying to get fame instead of money. The basic system wouldn't change if you traded money for likes, friends, or academic articles

The world is full of wars, resource grabs, and policy games. The game board got bigger, the pieces got nuclear. There is a stranger tension at the micro level, though. Most people I know have a weird mix of pride and shame about how much their lives depend on money. It's great to be self-sufficient, but as soon as your bank app freezes or the exchange rate changes, your stress levels rise again

Can anything non-money survive the gravitational pull of the system? Friendships, purpose, and even childhood dreams. If you're not careful, they're all now collateral. We need to get more sincere about what it actually buys, and what it can never touch. Being able to live in a society that is obsessed with money and not let it write your entire narrative is the most overlooked skill. In any case, people who find that out tend to make real value on their own terms