Value

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The Devil’s Advocate

In which the curmudgeonly old sod puts the world to rights.

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Cost is not the opposite of (monetisable) value. A process may have a value because there is a cost to it. If you get rid of the cost, you get rid of the value. This is why no-one could make money out of email. It took away a cost, and meant the monetisable value of the abstract action of sending and receiving written communication dropped to nil.

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