Profit and Market Valuations

The wealth disparity we see today between the 99% and the 1% is due to our failure to price goods and services properly. Market forces, supply and demand, the entire concept of economics upon which we use to price goods and services today is wrong. If everything were truly priced appropriately, where an equal value of goods and services is exchanged from one party to another, how can there emerge the large wealth disparity that we are seeing today, or any at all for that matter?

My proposal is simple: goods and services are worth what they are worth, and consumers and merchants should be paying VALUE price for products, not MARKET price. The concept of market price was invented, perhaps intentionally or unintentionally, to shield the eyes of the consumer from the blatant over-valuing of a product.

Hey, let me sell you this apple that cost $0.04 to produce and $0.10 to transport and $0.01 to stock for $0.99. The extra $0.84 I'm taking is for profit, which not what I deserve for my efforts, but a testament of how well I can recognize the market opportunities to screw you.

Hey, let me sell you insurance, and here's how it works: I will get the smartest mathematicians to work as actuaries and ensure that you will end up paying significantly more money in the long run, since you have to support all my employees while on top of that turn me a profit, which by the way I will try to maximize regardless to your situation.

Hey, let me sell you stock, and here's how it works: it is priced as high as I can trick you into believing, and definitely not what it's actually worth at the moment, because "it's what people think the stock will be worth in the future." Firstly, why would anyone agree to even the concept of buying something now at the price it will be in the future? Secondly, why would anyone believe it when someone tells you that's what it will be worth in the future: by definition that's knowing the future, which is IMPOSSIBLE.

Profit and market valuations are why there is the income and wealth inequality we are seeing today. As long as they exist, there is not an equal exchange of goods and services, the equal sign does not hold, and there will exist inequality.