> does that mean the random hole is more valuable? digging a random hole isnt labour. digging a random hole has no societal utility. diamonds have societal utility because tons of people like them. why should somethign that a lot of people want not have utility? having a diamond is basically entertainment. its labour and since it takes a lot of labour input to get them from a mine in africa 5000km away to the market the diamond has a lot of value. this is not a paradoxon at all. meanwhile drinking water just has the value of digging a well and getting the water up, much less labour input necessary and thus less value.
Austria