It talks about getting rid of money because it is a system that does not benefit humankind anymore. He also talks a little about god being man made to explain many things i.e. the sun comes up and goes down etc.
Im interested to know if anyone thinks the resource based economy is feasible and if not, why not?
Well, what confused me was -- he said we'd get renewed interest in other things, like paintings, or astronomy -- but, as a teenager, I know that in the summertime, all I do is eat and sleep and spend money and then finish my summer assignments at the end. I can't see myself putting in a good amount of time towards anything Also, I still don't get what the economy is. Is he saying we'll barter resources or what? I mean, there has to be some kind of give/take process for it to be an economy.
I haven't seen the clip, 'cus I CBA to listen to someone say a bunch of things that could just as well have been expressed via text when I'd rather listen to music. Anyways, what I was going to say was this:
If it is as Armed_Blade says and this is about the barter of resources, I can see one big flaw. If someone tries to trade an amount of one resource for an amount of another, would you have to accept even if his resource was not the one you were looking for? If not, it might be hard to find someone who is both looking for what you have, and offering what you're looking for.
As mentioned before, I didn't see the clip, so if I misunderstood the concept, could you describe it real quick for me?
Anyways, a big pro of the money economy is that, not only are you guaranteed to have the correct currency to trade with, it's also possible to trade with money that does not technically exist in a physical form. Money can be represented by a number on bank account or similar, but a resource is harder to just put into or take out of a bank account. And, when it comes to big amounts, it can be almost impossible, or at least very ineffective and unsafe, to transport these physically.
Anyways, this is my opinion about what I consider a resource based economy, not sure if it's the same thing as what you're talking about.
We have never had a resource based economy, your talking about a barter based system which says I give you this resource and you give me that one.
As mentioned before, I didn't see the clip, so if I misunderstood the concept, could you describe it real quick for me?
Nope :P its only 10 mins so take 10 mins to watch it.
Its quite clear to see that the monetary system is leaving lots of people out and the only people that agree with it are the ones with no real money troubles. By this I mean the people who worry about how they are gonna pay their cable TV bill, not the people who worry about how they are gonna eat.
If you are homeless and have no money or job, the monetary system suddenly looks a whole lot less attractive. This is not about "he should have kept the job" etc because that is an excuse.
Why cant there be another system that doesn't involve notes based on gold? Why?
I watched the clip.. first I must say I had a hard time understanding everything, a matter of language and enunciation I must say I agree to pretty much all the points they make, especially in the introduction. All their points are valid and do show up problems, but they don't always give a counterproposition or a way to fix it, at least it's the inpression I got. They explain what is wrong with our society and often say how it should be, omitting to propose any way to achieve it. And I still haven't understood how that ressource based economy is thought to work, you might have to explain it at some point after all.
1. Who is in charge of creating products 2. Who determines how resources are allocated 3. Who is tasked with creating products 4. How we distribute limited resources
We must understand what money is before we create foolish scape goats. In a system without money, you trade using goods and services. The problem is that we don't always have the goods and services someone we want to trade with needs. The people in this video do not understand how money and prices work.
Let's say a carpenter wants a new suit. The tailor doesn't need any of the carpenter's goods or services, but instead needs food. The farmer, on the other hand, has food but needs a new wooden handle. The carpenter must trade with the farmer so that he can then turn around and trade with the tailor. This is a lot of work. Money is used so that you do not have to perform multiple trades with specific people. With money, the carpenter can simply pay the tailor money, and the tailor can get his own food using the money he has earned. This is money.
Now we need to understand the absolute basics behind prices. The value of a good is determined by resources used to produce said good and the amount of work it takes to create that good. Resources have different values depending on how hard it is to obtain that resource, the scarcity of the resource, and the supply and demand of that resource. In turn, this helps determine the price of a good.
Money is used to help us understand the value of an object. The Venus project states that we would have a record of all resources so we know when they are getting low, but this brings me to my next point...
Acquiring resources. How do we acquire resources in the Venus project? We simply take what we "need" from some master source and use it. What could possibly go wrong?! If everyone takes what they 'need', we will strip the earth of valuable resources faster than we can tear the bra off a pole dancer.
Goods and services have a certain value that is traded for money, and that money is used to trade for resources to create goods or to be used in a service. We trade for the very resources that we want to use. If businesses could take all the resources they needed to make products, they will likely take more than they need and create too many spare goods. There you have it, wasted resources.
A resource based economy can't work because it ignores supply and demand. It assumes that us humans will know the best way to allocate resources and that each resource will be used responsibly.
but I think we would need a radical change in human nature for it to work.
It requires a bunch of randomly abundant resources that we'll never run out of -- wtf? And, According to wikipedia, no labor for getting/moving resources. Sorry, but there aren't that many robots yet. It sounds like a mix of utopia and heaven. I'm out.
It's a system I would love to see happen, but I think we would need a radical change in human nature for it to work.
I'd love to see it work too, but not even a change in human nature would allow the system to work. Basically, you need an elite few everyone trusts who understands exactly how many resources goes into every single project in the world (or country). It would also require the elite few to understand exactly how to divide the resources between projects according to supply and demand, and needs and wants. Of course, you can only plan for projects that currently exist. Nobody knows what projects will exist in the future and what resources those projects will need, so the elite few will need some sort of super power to read future projects and to understand the resources they too will require. Lastly, the world isn't a static place to live in. You may have a plan for all the resources, but natural and accidental disasters will alter the amount of resources you need for certain projects. This means a tornado, flood, or fire at some plant, would force you to allocate resources differently. We can't predict these disasters, and we will have to recalculate the value of our current resources as well. If there's a disaster somewhere, generally the prices of goods coming from the effected area raise. So the elite few will also need the ability to predict every single natural and accidental disaster as well as understand every minute change that may effect the required number of resources for a project. Keep in mind, as all this is happening, they need to understand the value of these resources so they know who should get how many of what.
It requires a bunch of randomly abundant resources that we'll never run out of -- wtf?
That would require technology seen in Star Trek To pull off with either an economic way of getting into space and harvesting resources there or matter replication.
And, According to wikipedia, no labor for getting/moving resources. Sorry, but there aren't that many robots yet.
We don't have advanced enough robots either. Maybe in another 50-100 years.
No, this simply won't work . The idea seems good but in practice I think it's even worse then the communist system ( which is in my opinion the most failing economic system ever created ).
It's possible. In my view a resource based economy would be very inefficient. As you would need to trade to get things you need, or make it yourself. I don't think that humanity is ready for that yet.
