Re:Keurig 2.0 DRM Bypass
by derefr on Wednesday December 10, 2014 @11:22PM
(#8733181)
> A big ah hah moment for me was realizing that money is a representation of inefficiency.
Ehhh. I guess that's basically true, but people would probably read the wrong idea into it if you phrase it this way.
An economist would rather phrase it as "a dollar spent on something is a vote for there to be one dollar more of something." But it can be flipped around to your line of thinking as "a dollar spent is a representation of one dollar's worth of dissatisfaction or unmet need that someone has." If everyone has exactly what they want, then market velocity goes to zero. Money doesn't cease to exist; it just ceases to be moved around. (Inflation is, partly, a disincentive for ever letting this happen.)
Either way, even in a post-scarce utopia, capitalism would still survive; it has useful emergent information-redistribution properties beyond its use in plain survival. For example, an "everyone gets a basic income and spends it in a market" system thoroughly beats a central-allocation system when it comes to figuring out what crops need to be grown, what factories need to be built, etc.
Ehhh. I guess that's basically true, but people would probably read the wrong idea into it if you phrase it this way.
An economist would rather phrase it as "a dollar spent on something is a vote for there to be one dollar more of something." But it can be flipped around to your line of thinking as "a dollar spent is a representation of one dollar's worth of dissatisfaction or unmet need that someone has." If everyone has exactly what they want, then market velocity goes to zero. Money doesn't cease to exist; it just ceases to be moved around. (Inflation is, partly, a disincentive for ever letting this happen.)
Either way, even in a post-scarce utopia, capitalism would still survive; it has useful emergent information-redistribution properties beyond its use in plain survival. For example, an "everyone gets a basic income and spends it in a market" system thoroughly beats a central-allocation system when it comes to figuring out what crops need to be grown, what factories need to be built, etc.