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Author Re: What money? [Way off topic] (was Re: Guy Steele interview in
Ulrich Hobelmann

2005-04-19, 4:01 pm

Sunnan wrote:
> I know.
> This is part of the process I'm speaking of when I'm discussing the
> future possible obsolence of the monetary system.


Regarding that, and another post here about what's human nature:
a system *needs* the ability to decide what's useful contributions
to society and what isn't. It needs to be decentralized, because
centralism is wasteful and not really egalitarian. The free
market is open for everyone, thus fair, and provides a good way to
decide what society wants and what it doesn't need.

Currency is a necessary and important step to ensure free trade.
I believe that every culture that introduced currency into their
system has since prospered (maybe not everybody, but a good number
of people could, in contrast to no prosperity at all, before).

>
>
> Yes, these problems are exactly what I'm thinking of as some of the
> major flaws in the monetary system, and I think this will lead to
> trade-based market economies either being phased out or drastically
> improved.


No, the people who don't farm, don't bake bread, don't build cars
aren't unemployed. They do the healthcare, the childcare, the
haircuts, the music and theater plays for those people who are in
material production. The jobs aren't in manufacturing anymore,
but there will be demand for services instead.

I can neither see what flaws you attribute to the monetary system
here, nor who will (and why) ever phase out free markets.

--
No man is good enough to govern another man without that other's
consent. -- Abraham Lincoln
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