The_Bjorn_Ultimatum

The_Bjorn_Ultimatum t1_irh5nqh wrote

It is a fact that that free markets have raised more people out of abject poverty and starvation more than anything else ever has, while marxist economies have ended in the deaths of nearly 100 million people with widespread starvation and poverty. But setting that aside, let's look at this core issue.

>As I've said multiple times now, people will be incentivized to work in order to have things, just the same as they are now.

You seem to think that people take the entire system into account when they make personal decisions. That is not true. You already changed the original proposed model that said work would be voluntary, so lets look at your model.

I have to work to use this system. Since the government runs this system, do they decide what I do or do I get to choose? If I get to choose, then how does the economy regulate oversaturated markets? We can't have everyone being an artist or a musician. And who would ever do the shit jobs in society with long hours and such unless they have some sort of incentive to do that instead of something else.

Next, what is to stop me from wildly overtaking goods and services. Does the government get to decide how much I purchase? Can they decide I have had enough food for the month and not give me anything? Do I have to get some sort of approval to buy everything?

What is your solution to these problems that money, and prices solve?

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The_Bjorn_Ultimatum t1_irg4v65 wrote

>Under your system a banana duct taped to a wall is worth $120,000.

Nah. I can buy a banana and duct tape for way less than that. And let's not pretend that modern art sales are your normal purchase that everyone relies on.

>Because if everyone did that then nobody would have anything.

>Surely you'd rather have something than nothing, wouldn't you?

The person next to me is going to take advantage of it, so why shouldn't I? This is how economies are ruined and people starve. It's the more extreme version of nationalizing all industry and redistributing wealth.

>I'm really not. Has it ever occurred to you that perhaps Thomas Sowell was wrong about one or two things?...

Nope. He is a pretty good economist and gives actual examples in his book. Better than this marxist crap you are spouting. You can't even tell me how people will be incentivized to work and just assume people will do it out of their own free will.

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The_Bjorn_Ultimatum t1_irg15nu wrote

>There's nothing intrinsic to money that makes people want to work in exchange for it. People just want the stuff that they use money to get. If they could just get the stuff without using money why would there still be any desire for money?

Things have value whether there is money or not. Money is medium of exchange. So that we know how much things are worth relative to other things. Without money, value isn't determined and we lose the ability to effectively distribute goods and services to where they are needed most.

>However, people will work and make things for other people for free in exchange for the ability to get things that other people make for free.

First of all, OP said work would be voluntary. But beyond that, why wouldn't I just take much more than I contribute and screw everyone else over?

>Are they?... We grow enough food to feed 10 billion people yet 10% of us go hungry every year. The US has 580,000 homeless people in the US and 16,000,000 vacant homes. How real is this scarcity and how much of it is the result of a shitty means of distributing goods, labor, and services?

You are confused about what scarcity is. This is why I recommendes the book, "Basic Economics."

>The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

-Thomas Sowell

You can't distribute goods better than prices can. If you think you can, then prove it.

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The_Bjorn_Ultimatum t1_irfw7k7 wrote

And what would incentivize people to make those for others for free? People aren't just going to do this out of the goodness of their own hearts. You can't possibly believe that.

Also how would you distribute. All resources are scarce. So how are you distributing scarce resources with alternative uses in the economy without the guide of prices to determine where stuff is needed?

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The_Bjorn_Ultimatum t1_irajipp wrote

You need to learn some basic concepts about the economy. May I suggest the book Basic Economics, by Thomas Sowell. He does a good job of explaining, with real world examples, these concepts that you don't seem to grasp. Like scarcity, the role of prices, etc.

>Practice has shown the opposite effect in fact. When you can have anything anytime it loses sentimental value to you.

Nope. False. When people are given the choice to not work and can, in theory, get anything they want at any time, they will try to get it and not work.

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The_Bjorn_Ultimatum t1_iradfo4 wrote

Good idea. And since people will obviously demand way too much if everything is just available to take, we should also make that system track and calculate the value people are putting back into the economy, so we know that it is sustainable, and people aren't profiting off other people's input.

It could be a point system. Like say you work 8 hours at a certain task. You could get X amount of points, depending on how much value that task provided to the economy. Then they could use those points to obtain goods and services on the dashboard.

Look, all goods and services are scarce resources. You can't just obtain everything for nothing. Countries have tried to centrally control this in the past, and it has resulted in the mass poverty and deaths of hundreds of millions of people. You can't usher in the utopia you say you can.

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The_Bjorn_Ultimatum t1_ira9jtq wrote

Ok. First of all. Good and services right now are distributed throughout the economy based on price. Prices determine which areas need what goods.

Second, profit motive is what drives innovation and what continuously increases our standard of living.

Third, you never actually answered my question. What exactly is determining what goods and services are needed where at what time? What is replacing the role of prices in the economy?

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