The resource based economy VS the scarcity based economy

 
panthamor
 
Avatar
 
 
panthamor
Total Posts:  44
Joined  30-08-2011
 
 
 
01 September 2011 15:21
 

Is anybody familiar with the ideologies of Jacque Fresco, a social and industrial engineer?


He offers an alternative for our current economic system, shifting it from a scarcity based economy to a resource based economy.

Here are some videos that are really worth your time:

 

Resource Based Economy (Energy, Work) - Part 1 of 2

 

Jacque Fresco - Resource Based Economy Part 1

 

This might be the next step in our cultural evolution

 
 
Brian Macker
 
Avatar
 
 
Brian Macker
Total Posts:  38
Joined  28-08-2011
 
 
 
05 September 2011 06:41
 

He is an economic quack.  His theories would lead to mass starvation.

 
 
Avatar
 
 
shadyx49
Total Posts:  1
Joined  23-04-2014
 
 
 
23 April 2014 15:12
 
Brian Macker - 05 September 2011 06:41 AM

He is an economic quack.  His theories would lead to mass starvation.

Explain and argue about your point.

 
Brian Macker
 
Avatar
 
 
Brian Macker
Total Posts:  38
Joined  28-08-2011
 
 
 
28 April 2014 21:14
 
shadyx49 - 23 April 2014 03:12 PM

Explain and argue about your point.

It should be obvious to anyone who isn’t ignorant.  His ideas have already been tried and they have resulted in tens of millions dead. 

Maybe this will wake you up:  http://www.informationliberation.com/?id=37421

The reason communism and central planning of all stripes fails is because knowledge is distributed, not centralized.  Propertry and prices allow the kind of plan coordination between individuals and their localized knowledge which is not possible without them.  Free markets act like a supercomputer with billions of processors (individuals) coordinating their actions via the parallel buses that are price signals.  This is not something that can be simulated by a central planner that planner consists of a man, an oligarcy, or any othe bureaucracy, or computer.  There is no way to accurately and honestly move the decentralized knowlege people have into any such centralized system. 

http://wiki.mises.org/wiki/Economic_calculation_problem

Part of the reason the world and US economy is so unstable is because we have moved to central planning of the monetary system.  Ever time it has been tried throughout history it has failed myserably, including the several times it has been tried in the US.  This quack wants to expand central planning way beyond what caused mass starvation under Stalin and Mao.  He has stated that he thinks Marxism was not radical enough.

 
Brian Macker
 
Avatar
 
 
Brian Macker
Total Posts:  38
Joined  28-08-2011
 
 
 
30 April 2014 07:18
 
shadyx49 - 23 April 2014 03:12 PM

Explain and argue about your point.

Does my response satisfy your curiosity, or destroy your assumptions?  Seems like you created your profile merely to give me this one rude command.  Why didn’t you do so with your real name?  Why didn’t you ask a polite question?