At least future generations will know that not all of us were self-destructive, shortsighted fools. Knowing folks like this exist gives me hope.
💕
@aral say this were adopted globally and it was only demand ↔ supply (but no prices).
- how can we use scarce goods efficiently without a price mechanism?
- why would people produce goods that aren't fun to make?
- what would stop drug users from consuming but not producing?
@aaron that is a captivating vision for the future for sure.
But it seems like there's a fatal flaw in the logic.
All the proposed tech would require massive use of already-scarce goods — cobalt, lithium, silver, etc.
On top of this, they propose eliminating money, prices and trade.
The total effects of this lead to scarcity (see Bastiat https://mises.org/library/abundance-vs-scarcity), and the Trade-Free vision would be a non-starter.
For any chance of success, they need to thoroughly address this.
All the proposed tech would require massive use of already-scarce goods — cobalt, lithium, silver, etc.
@aaron I spent a few hours reading through the PDF — and I feel like the price mechanism has been completely overlooked.
The technologies proposed are here and exciting, but I feel like the problem has been misdiagnosed as trade/money, and I can't overlook it — it's the achilles heel of an otherwise powerful idea.
Am I missing something? Appreciate the engagement.