As phrased it’s tautological, but my point was the implication—people can choose to value whatever they want, value is not intrinsic to an item. Lack of scarcity does provide an upper cap, though—air will never be valuable on the surface of Earth—so if people have chosen to value something, then scarcity is the remaining factor needed for it to have value. (I phrased it poorly, but I think it’s still strictly correct)
air will never be valuable on the surface of Earth
Actually, some cities have featured “air stations” or “air bars” due to smog, historically. I don’t know if they still exist, I haven’t heard of a contemporary one.
As phrased it’s tautological, but my point was the implication—people can choose to value whatever they want, value is not intrinsic to an item. Lack of scarcity does provide an upper cap, though—air will never be valuable on the surface of Earth—so if people have chosen to value something, then scarcity is the remaining factor needed for it to have value. (I phrased it poorly, but I think it’s still strictly correct)
Neither air nor water are scarce on Earth; but clean air and clean water have value.
Actually, some cities have featured “air stations” or “air bars” due to smog, historically. I don’t know if they still exist, I haven’t heard of a contemporary one.