Post
Topic
Board Economics
Re: A Resource Based Economy
by
RealBitcoin
on 10/01/2016, 19:42:39 UTC
RealBitcoin, in "mission impossible 2", a company unleashes a deadly virus on the populace - thereby disrespecting property - when in possession of the cure, in order to reap huge profits. There simply doesn't exist a mechanism in free-market capitalism that would prevent something like this from eventually occurring. Hence, property yields to profit.

That event would never happen.
[Entirely plausible it could!]

And even if it would, people will just storm their building and steal the cure if they really dont give it up.
[Sounds like chaos and property being violated! That's free-market capitalism for you: inconsistency and violens!]

If there is a global pandemic and you posess the cure for it, you will sell it,  even if you are a psychopath, because it can gain you billions of dollars.
[They profit, and millions die! Way to go free-market capitalism, wohooo!]

But what is the alternative? If you have this global communist system setup, how do you know that the director of the pandemic research facility (yes you will have hierarchy even in RBE) wont just run away with the cure and keep it for himself and then sell it on the black market?

What prevents that? At least in capitalism you have a formal market where you can drop your ideas and inventions for sale.

If you banish money, you will have only black markets and violence. Even the soviet union had a huge black market system, people need capitalism ,you cannot comprehend it that it's a basic trait of humans to acquire capital and resources.