Post
Topic
Board Economics
Re: A Resource Based Economy
by
Bitcoiner
on 12/04/2011, 01:54:46 UTC
Worldwide debt stands at trillions of dollars. What resources does this amount reflect? Prices are manipulated because information is private, not public when it comes to owning resource rich lands. Prices are arbitrary when the currency they are valued in can be manipulated to the benefit of a select few.

Yes, the central planning of the price of money has caused a great deal of disruption and misallocation. You hurt the many when you place the power of money in the hands of a select few.

There are more than enough resources available to provide for all people. Arbitrary restriction through economic institutions ensure that a small group of people maintain control over those resources at the detriment to the many.

Which economic institutions are you referring to, here? If you are referring to the problems caused by governments then I agree, but unfortunately there are laws of physical nature which impose a real cost on the exploitation of resources. It takes physical labor and capital to exploit resources and convert them into a form usable by people. It's not free.

You assert a false dichotomy when you say we can only have statism or capitalism.

Well, we can trade with people and exchange in mutually beneficial exchange. This is what I call capitalism. Or, we can force a person to do what we want. This is what I call statism. Either you use force or you don't. Maybe you don't use force in every sphere of life, but I don't think it's possible to "partially" force someone to go to jail or to pay their bills. How is this a false dichotomy?

We can choose to live without being subservient to anyone or anything but the laws that govern nature.

Hell yes! It seems we want the same things, but this is what I call capitalism. Maybe we're simply talking about the same things?