Post
Topic
Board Economics
Re: A Resource Based Economy
by
Bitcoiner
on 10/04/2011, 22:56:32 UTC
A question for the RBE folks: How is any economic system not ultimately based on resources? If we're not living in a paradise as promised by RBE proponents, it's not because there's a conspiracy to hold back resources (although there is a lot of waste caused by governments). Prices are not arbitrary; they reflect actual availability of resources as well as demand for those resources. Simply asserting that "resources are abundant" will not magically make it so, and to the extent that any practitioners of RBE follow the principles of mutual exchange and trade then they are actually following capitalism (though probably not what they think of as capitalism). To the extent that they go against the principles of mutual exchange and trade then they are simply following statism, which might be fine for them but isn't fine for me. We have enough of that as it is.