When we exchange what we need, we use money as a medium instead of trading ‘goods for goods.’ In this context, money acts as a means of exchange. When we exchange what we need, we also build wealth by passing on added value to each other. In other words, money functions as both a medium of exchange and a measure of value, as well as a tool for accumulating wealth. But isn’t this a bit strange? Although exchange value comes from goods and surplus is generated from this exchange value, the object used to measure and accumulate wealth is money, not goods. This is because money alone has the privilege called ‘compulsory circulation power.’ In other words, even if value is created, added value cannot be realized unless it’s exchanged. The ability to enable such exchanges is what we call ‘compulsory circulation power.’ - Joseph’s “just my thoughts”
Steve Jobs envisioned integrating a computer chip into existing wireless phones. He seldom pursued new technology development; rather, he aimed to combine existing technologies to achieve his goals. Innovation means creating significant change through the right blend of what already exists. Often, even one’s own business or profession remains underappreciated. If you grasp that well, your chances of business failure will significantly decrease. Unfortunately, this is often not the case in reality. Focus on the essence. - Joseph’s “just my thoughts”