Post
Topic
Board Economics
Re: A Resource Based Economy
by
asdf
on 02/10/2012, 23:02:41 UTC
Progress occurs in spite of the monetary system, not because of it. Trade secrets, patents, copyright and a corrupt legislative and legal system work to inhibit the free flow of ideas, cooperation and faster progress. We are stuck with medieval institutions and methodologies that have been around for centuries despite our enormous advancements in productivity and capability. Servicing the profit motive is no way to make things better for people. If we each understood that the individual does better when all of society does better, then personal profit would not be rewarded as much as it is now.

You highlight symptoms of the state and conflate this with money. We can get rid of patents, legislation, etc and keep money. This is a massive non-sequitur.

Servicing profit DOES make things better for people. If a business make a profit through voluntary trade, it is allocating resources efficiently and providing a desired service to society. It's actually an excellent way to "make things better".

Prices allocate resources according to subjective values. You want people to register their values with an algorithm and have resources allocated deterministically from that data. Don't you recognise that this is exactly what is happening in the market place right now? The market and the aggregate of all voluntary trade IS the algorithm you aspire to (yet never seem to be able to disclose). You constantly highlight problems associated with involuntary trade imposed by the state and then blame these problems on voluntary trade.