What is another name for diamond–water paradox?

Thank god the price of water is not the same as diamonds although with climate change this might reverse in the not so distant future Let’s hope not

The same goes for the value of someone's life against greedy money grabbing leaders or industrialists who don't care what they do to the planet as long as they make money.

Supply and Demand, water covers 71% of the Earth. Granted only 2% is able to be drunk. Due to manipulation of the market, diamonds which are very common have been given false value.

Jo, That is the point of a paradox . But in this instance the answer is in your hands . Ladies ! Stop wanting diamonds 💎 . Men , stop buying them . Something only has value if people want it (law of supply and demand).

luckycatfay, love your answer I agree

I can't tell the difference between a cheap artificial diamond and an expensive real diamond. Guess which one I buy?

Player #25874027, there are also other factors in play. Politics, lobbying, advertising.

Well thank God for that!! But I won't be surprised if one day, due to shortage, water becomes just as expensive

Player #25874027, do you want water?

Never heard of it.

this is no philosophical revelation. why this has even been accepted as some kind of important Paradox is beyond me.