Post
Topic
Board Economics
Re: A Resource Based Economy
by
RealBitcoin
on 11/01/2016, 00:11:14 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?
 [In an RBE, there's no market to sell on; there's nothing to profit from. Any withholding of the cure, from your fellow man, is a severely distorted behaviour picked up in the free-market where it's rewarded, no doubt. ]

What prevents that? At least in capitalism you have a formal market where you can drop your ideas and inventions for sale.
[Because the best ideas, such as abundance for all, is not profitable in the free market.]

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.
[I already linked you a publication showing that toddlers have not the same notion of property as adults, but are more about needs, which is more in line with an RBE. You don't have a need for property, but for access to resources, such as transportation, rather than owning it.]

The thing is that in a real free market, there wont be just 1 person inventing the cure, but many separate people, not even knowing of eachother.

And they would compete about who can release the vaccine faster to earn more money. The person that invents it first, will quickly start to sell it before the other people invent it, to ensure that he profits the most. And when the other start to sell it, the price of it will drastically drop. So the vaccine will be on the market ASAP. Greed is a 2 edged sword, and in this case, greed will save many people's lives, because as greedy is the inventor, as fast the cure will start to save lives. So if 1 out of the 100 inventors withholds the cure, he will just lose money, as the other 99 people did the right thing, and will be rewarded with big bucks.

If you have 1 point of failure, a communist research department, you can just have 1 evil person withholding the cure because he believes the "people" are not ideologically pure enough to receive it, or some other disturbed ideological delusion, and will let people die.

Doesnt matter what system you create, if you centralize power, you wont create a paradise, but rather a hell on earth.

A free market is just there to balance power, nothing more, nothing less.