Economics 2

You’re back! And please, Peter, don’t leave us hanging. What would that system look like?

I agree with Siona, Peter! Is this something we need to talk about?
:-)

The relationship between value and price would need a look at; we dearly value love, yet it is priceless…

Value is what 2 people agree upon. It is useless to expect to design or build a value system. The new economy will be a network, a network of networks with chaos and complexity inherently managed through soft ware, agreements and relationships. It is coming and in some ways it is already here. No need to panic. Just start participating.

No Economic system can ever value things accurately.

Economics is about trade.

We only trade things that are scarce.

Often the most valuable things are plentiful, hence no-one wants to trade them, hence they have no economic value.  Examples are air and water in many places (though water in cities has value, and air underwater has value).

The weird thing is, those that make money from controlling resources have managed to convince the rest of us that we need to assign economic values to things.  We don’t, can’t, ought never to contemplate it.

HUmanity (and our ecosystems) need a different system altogether.

We could create a system where everyone has an abundance of all necessities (using robotics) and thus no-one needs to engage in the economic madness of “work”.   Instead people could do what they love to do, and cooperate in large scale endeavours if that was their “Bliss”.

That would work, and it would take people a couple of days to get used to it - would take us a decade or so to create the tools to make it possible - if enough people choose to make it so.