Coffeehouse Thread

15 posts

Would a Resource Based Economy work?

Back to Forum: Coffeehouse
  • User profile image
    ShamDem

    Got this very interesting article:
    TheEconomist 1 points 3 minutes ago

    YES. I have studied economics at a post graduate level and am on my way to completing my doctoral thesis.While doing all my studies and research so far I have come to accept RBE to be a viable alternative. Some of the Austrian economists maintain their position about the monetary system as the final frontier of human society. The thing is humans are the only species in the universe who use money to live on their planet. Things like value for goods and services in terms of economics have a very limited frame of reference. For example we value diamonds at a conspicuous level and have put a high price tag due to its scarcity. But is a diamond really valuable? It is just a worthless piece of stone with no actual value whatsoever. In addition to that it is responsible for the deaths of thousands of labourers who are exposed to inhumane conditions, destruction of eco-system diversity (3000 plant and animal species are directly effected) and high energy consumption (for artificial diamonds).

    This among various other applied examples suggests that money has no purpose in identifying the actual value of any good or service. value is a subjective term that can be manipulated by advertisements, popular culture, traditional beliefs etc. So, as a professional economist I say, "Economics as a discipline is nothing but bullshit and should be done away with". As to those who still advocate or think in terms of free market economy, capitalism, communism, socialism, statism etc. know there there is no such thing. It is just human construction based on semantic understanding. A proper way to go about is to know more about nature and natural law. Not man made constructions that are subject to individual interpretations. The methods of science through uninterpretable data (meaning same results from tests conducted) is the best option for our species. When plants grow, they don't pay for their existence. They are the most scientific creatures and their level of understanding their environment is beyond human ingenuity today. They have highly computerized mechanism of sensing and remote sensing. It is through the laws of nature that we humans get all our information. So it is not us who are the intelligent creatures. We need to learn more from nature as to how they function in a neural network and get by without the use of money. How they give and take in a highly advanced form of communication and not in the conventional sense of barter.

    Therefore, a RBE is a definite system that uses non-established evolutionary perspective to attain resources for the human species to "get by" keeping in mind the "standard of living" and proper resource management. Oh and yeah..."I have checked and found that it is technically achievable but socially a little bit difficult but not impossible".

  • User profile image
    ShamDem

    please read above article before comment. TY. Let the information flow...

  • User profile image
    PaoloM

    , ShamDem wrote

    The thing is humans are the only species in the universe who use money to live on their planet.

    How do you know?

  • User profile image
    JoshRoss

    Obligatory link here.

  • User profile image
    Proton2

    Money is a wonderful invention. It means I don't have to bring a goat to the coffee shop and exchange it for a cup of coffee. Smiley

  • User profile image
    Proton2

    @reply to post: (JoshRoss) How do you find old threads? I was trying to find the Light Field Camera thread I started a while back and searching didn't find it. I wanted to update the thread to the fact that you can now buy the camera for real.

    http://www.engadget.com/2011/10/19/lytro-introduces-worlds-first-lightfield-camera/

    http://www.engadget.com/2011/10/19/lytro-camera-hands-on-video/

  • User profile image
    magicalclick

    I thought there was a topic of this already. My answer, in your dreams. If not money, it will be water as currency. It is all the same. We are resouce based. We build house near river. In order to break free from this limitation, we create irigation system, we create unified currency for ease of trade. Money is simply an evolved trading where it doesn't expire as fast as many resource.

    Leaving WM on 5/2018 if no apps, no dedicated billboards where I drive, no Store name.
    Last modified
  • User profile image
    magicalclick

    I recommend you go to a store and listen to them saying "this is what I need". your need for resource are very very likely inflated as well.

    BTW, after driving back to my home, I realized I don't know what RBE mean. Because if I am a plant, I will kill other plants for the free sun light. I am not sure how is this different from what we have right now, except I don't have to kill others for the free sun when I am a human.

    Leaving WM on 5/2018 if no apps, no dedicated billboards where I drive, no Store name.
    Last modified
  • User profile image
    Sven Groot
  • User profile image
    magicalclick

    Living on a boring ship for so long, I think their system is better to control the mass. If resources have values, any value, any organism will try to compete for them, including plants. And that is harder to control. If you take away values from resources, there is no need to compete for it. The show only demonstrated that the resources/objects have values. But, if they don't see any value in anything, then, there is no point to work for it.

    Of course, even if you have holodeck and replicator, you cannot replicate pretty model girls. Wink  (unless all girls are cloned from the same model and replicated cheaply, with enough of them to satisfy the demands (including receive and provide genuine love to anyone on board)  Devil )

    Leaving WM on 5/2018 if no apps, no dedicated billboards where I drive, no Store name.
    Last modified
  • User profile image
    CSMR2

    This is nothing to do with money and nothing to do with "resource based".

    It suggests a world without trade.

    Not too craze, since species up to and including the evolution of humans largely got by without trade.

    But a society that does not trade will operate at a much lower level of output and 1. people in that society will not be happy and may introduce trade and 2. the society will be taken over by societies that have trade.

    On point 2, actually a small trading nation could probably conquer the non-trading rest of the world in a short space of time as the rest would only be able to make primitive weapons if any.

  • User profile image
    evildictait​or

    I think what some people might be forgetting is that although money might be responsible for you losing your job during the financial disaster or losing your home - it was also responsible for you having a job in the first place or for your house being built.

    Yes monkeys don't have financial booms and bust, but they also don't have cars, holidays, brick houses, microwave meals or TVs, so let's be careful when we blame money for recent troubles and fail to give it it's dues for everything else that we still have.

    Just remember that in the Neolithic era, the average life expectancy was 20**. So here's me glad that we're not living like animals and have money and science and modern medicine.

     

    **cite: http://www.brown.edu/Departments/Economics/Papers/2007/2007-14_paper.pdf

  • User profile image
    androidi

    Resource based economy, whatever that is, needs ways to deal with eventual over-population issue. I wrote a wall of text two times about this but it's hard to write about without going too much into politics and this isn't a forum for such, so I'll just leave it at that.

  • User profile image
    androidi

    edit: this went too much into politics

  • User profile image
    magicalclick

    @reply to post:

    The assumption that tradeless economy will end competition and end value inflation is misguided. Like I said, plants kill each other for free sun without trading. the simple reason is, even for trees, resources have values, and they will compete for it.

    to end competition and inflation, the resource has to be excessive and can never to blocked. For example, you need to make sure sun cannot be blocked by tree even though it is excessive and free already.

    Leaving WM on 5/2018 if no apps, no dedicated billboards where I drive, no Store name.
    Last modified

Comments closed

Comments have been closed since this content was published more than 30 days ago, but if you'd like to continue the conversation, please create a new thread in our Forums, or Contact Us and let us know.