Re: Resource-based economy
> xeno syndicated wrote:
> You just can't get your heads around the resource-based economy, can you? You just can't see that it is already here; you can't see that it is growing; and you just can't see it is going to replace the monetary system as intercommunication technology continues to develop and free individuals from the tyrannical institutions of the past.
Resource economy works like this, numbnutts:
Party A has a skill, let's say, as an example, massage. Party B has a skill, let's say, again as an example, good grammar and editing skills. Party C doesn't have skills yet as they are still a student, but Party B has an uncle (Party D) who has a farm out in the country. Party C is a student with bad grammar, and needs someone to edit their essays. So, Party C makes an arrangement with Party A, B and D: in exchange for party B editing Party C's essays over the course of the semester, Party A will provide massage therapy for Party B and in turn Party D will provide Party A with such and such amount of smoked sausage that is produced on Party D's farm. Party C, in turn will work over the summer months on Party D's farm. This is, in effect, an exchange based entirely on credit, a loan taken out by Party C from Party B.
Now, these sorts of transactions happen all the time. In fact, such transactions account for up to 1/3 of the real economy. As the internet develops and intercommunication becomes more convenient and inexpensive, expect the ratio to grow to 1/2. Expect tax income, therefore, to dwindle. Expect, therefore, the resource-based economy to take over. And if you're smart, you'll embrace it. If you're not, you'll go work for a bank.
Now, to save our 'precious' monetary banking system, I would suggest you financial twits start thinking about the notion of resource-based credits. I mean, it is only in your sector's best interest. Haven't you seen which sectors have been experiencing the job-losses lately?
How many services do I need to preform to get; A sausage, a roof over my head, a X-Box, a Car, indoor plumbing?
What if the guy with the cars doesn't like my cinnamon rolls? ![]()