An individual can absolutely value their output at any value they so choose and be correct. The idea that "the market" is a "fair" determinant of value should be challenged at every step lest we allow people to suffer because they do not have enough money to pay for the "fair" amount for healthcare.
That is not even mentioning that we do not have perfect information (to come to a "fair" value) and that facets orthogonal to product value (i.e. marketing, brand inertia) play a huge role in determining what customers are willing to pay for.
But even playing along with the naive model: Tidal has a non-zero amount of paying customers. Some people enjoy music (+ Tidal exclusives) enough to treat it as more than a cost:convenience ratio.
> An individual can absolutely value their output at any value they so choose and be correct.
I don't think a value can be "correct" or "wrong" in an absolute sense, it's a subjective property. You can value it at whatever you like but you may not find a buyer. If people are happy paying for Tidal, then it's fair to them.
> lest we allow people to suffer because they do not have enough money to pay for the "fair" amount for healthcare.
These are very different, given that one is far more essential than the other, which can also be duplicated for near-zero marginal cost.
An individual can absolutely value their output at any value they so choose and be correct. The idea that "the market" is a "fair" determinant of value should be challenged at every step lest we allow people to suffer because they do not have enough money to pay for the "fair" amount for healthcare.
That is not even mentioning that we do not have perfect information (to come to a "fair" value) and that facets orthogonal to product value (i.e. marketing, brand inertia) play a huge role in determining what customers are willing to pay for.
But even playing along with the naive model: Tidal has a non-zero amount of paying customers. Some people enjoy music (+ Tidal exclusives) enough to treat it as more than a cost:convenience ratio.