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11-14-2008, 08:03 PM #21
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Updated bailout price tag: 840 Billion?
You missed my point entirely. How is it possible to facilitate trade in an efficient manner without an objective value measurement? How will producers know how much to produce? More importantly, how will goods be exchanged?
Originally Posted by JakeMartinez
Besides, manufacturing is only a aspect of our economy, as we are primarily service based. Without currency, how will you obtain food, clothing, entertainment, etc... without actively locating the producers? Once you locate the producers, what will motivate them to trade you their goods unless they receive something of value, that they view necessary in order to want to trade?
Say for example i am a teacher, how do i go about obtaining my wants and desires without being compensated for my services with currency? The only way to do so, without complete welfare, is to only teach students who can provide me with the goods and services i need to survive. That would be absolutely horrible!
That is a rather ambitious assumption. People raised in the current society know that committing a crime, preferably consuming cannabis, is against our societal norms yet is still done. In a utopia, yes, in reality this would not play out as you would want it to.Also, people raised in this society would know that acting for the benefit of the society is the most honorable thing a person could do, while making it a realistic goal unlike it is today.
The better question is, how would we end up there?
In a utopia maybe.Thus, people would be motivated to increase their abilities because they want to help the society.
Creating something is not the same as creating something good. I mean, i can create a nice toe nail collection, and spend lots of time doing so.The desire would be a desire to create something. The other prominent desire in this society would be to keep moving the standard of living upward for everyone in the society.
A system where open competition exists will out produce, out design, and live better than a society that does not employ a system of open competition. The more competitive the economic system the higher the standard of living.Thus, since technology is what improves our standard of living, the majority would find a desire to maintain existing technology or research new ones.
You still have yet to identify logical motivating factors that would push people to do so.If even a fraction of a percent devote even an hour a day to research, there would be more people working on research and development an hour than there is now.
Nope! People who innovate now are those who are either the most productive/ qualified in doing so, or are those who are inherently brilliant. Innovation does not happen for the sake of innovation, instead there has to be a reason to innovate.Thus, tech would move forward at a pace that vastly overshadows current speeds.
Yet real world examples prove quite the opposite. Look at Cuba and the former USSR as good examples. In both cases, you have rather large differential rate of defection to free countries in highly skilled sectors such as engineering and medicine.The incentive is to feed the people. Managers are trained to teach their employees to understand what their services mean to both the business and the consumer, that way they can take pride in their work and find an intrinsic motivation to work harder. Those driven by intrinsic motivation, something inside the person such as "I am a doctor because I feel it is my duty to help my fellow man retain his or her health", instead of extrinsic motivation (money, a reward outside of the person), are much more productive at anything.
Yes it is. As the current financial crisis proves, free market innovation moves and innovates exponentially faster than systems bogged down in bureaucracy. Firms were coming up with more advanced ways of investing, at a much greater pace than government could regulate. This is known as time lag.Instead of saying government is broken and inefficient, and thus should scale back its power, why not work on making it better? That's not too naive, is it?
When grain runs a shortage, there is a short run finite limit of how many people will be able to obtain it. What are the people who desire grain to do, eat the "fund"?I said the price should reflect the costs incurred to provide the goods, with only a modest gain to go to a fund in case of unforseen circumstances.
I thought your Utopian society does not have currency? Why would there be prices and bank accounts?That way, if a drought affects the availability of water, there is a fund (perhaps gaining interest in a bank account) to cover the costs so the consumer doesn't see a massive price jump overnight, allowing prices to slowly increase over time.
Not if there are other countries that still employ open competition. It would have to be implemented on a global scale, and with a revocation of private property rights.It could work, if it was done intelligently.
I am not sure what you are getting at. Government is inneficient because even though the people elected are at the mercy of the voters, there is no competition that will actually motivate bureaucracies to become more efficient. It just does not happen.Our government should be able to handle anything a business can and then some. Why would you ask for less from those that supposedly protect you from harm?
How are you going to sell the idea? Better yet, how are you going to get people who are extremely talented/ productive and well compensated for it to give up their prosperity? It sounds really nice, as well as really unrealistic...Depends on the available resources. Technology creates more efficient uses of existing resources and also creates new ones. That's why I stressed the idea of transition. I know it's not something that could happen overnight.
Did the open competition between phone companies undoubtedly bring down the price with the use of innovation? This is what your scenario lacks. Competitive firms are those that are able to innovate the fastest, not because they desire to do so, but because they desire to produce more profit. Look at the cost of cars, computers, communication etc..., that have reduced primarily due to a competitive market. If there is no competition, what is the incentive to reduce prices?I understand how inflation works. I just don't see how competition affects it.
We have a government backed, government controlled currency. What you are advocating is not free currency, but more of the same. Right now, we are experiencing a period of deflation, even though there have been hundreds of billions of dollars pumped into the financial industry. Care to explain that?It's not hard to figure out why the money supply moves independent of goods and services. The inflation is mathematically determined under fractional reserve practice, and also sped up by large loans such as the Bailout. This calls for intelligent expansion, not a mathematical equation that doesn't change with the times (except for speeding up because it grows exponentially)Through a government-backed, government-controlled currency that is free from unwise inflation or unfair interest. Benjamin Franklin cited King George's ban on a free currency as a prime cause of the revolution.
Although your concept is a noble push for equality, it is very unrealistic. I advise you to read Adlous Huxley's Brave New World. The totalitarian, utilitarian utopia he creates in that novel seem to fit the "caste" (pun intended) of your thinking.
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