Pretty close—the main reason I wouldn’t say it like that is that “created value” is a bit ambiguous here. The issue is really whether you can add up all the value created to get something like total value produced (a measure like GDP), which would be a desirable thing to increase in a pure loaves world, but definitely not in an arrows-and-shields world.
Ok. So your key point here is that GDP is not a good measure of “production”, or “human well being”, because its a measure that mixes together creative activity with destructive activity (including extortion).
Pretty close—the main reason I wouldn’t say it like that is that “created value” is a bit ambiguous here. The issue is really whether you can add up all the value created to get something like total value produced (a measure like GDP), which would be a desirable thing to increase in a pure loaves world, but definitely not in an arrows-and-shields world.
Ok. So your key point here is that GDP is not a good measure of “production”, or “human well being”, because its a measure that mixes together creative activity with destructive activity (including extortion).