tag:blogger.com,1999:blog-4824790768118172625.post3963393401541968599..comments2023-08-24T18:26:14.508-07:00Comments on Pragmatarianism: A World Without Prices or ProfitXerographicahttp://www.blogger.com/profile/14978832439622230018noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4824790768118172625.post-24939553801557223272014-06-17T08:31:42.919-07:002014-06-17T08:31:42.919-07:00My entry wasn't sufficiently clear...but money...My entry wasn't sufficiently clear...but money would still exist. You'd still have the same money that's currently in your wallet. In my blog entry I just referred to it as "positive feedback". <br /><br />If you cure cancer...then lots of people would give you their money (positive feedback). What would you do with your money? You could give some of it to somebody who supplies precious stones. What does the supplier of precious stones do with his money? He gives some of it to the person in charge of a mine. He, in turn, gives some of it to the organizations that supply his equipment. <br /><br />At no point were there any fixed prices. But there was certainly individual valuation. And any organization that inefficiently allocated its resources would lose revenue. So there would still be competition. <br /><br />To be clear, I'm not advocating the elimination of prices/profits. I'm just advocating that taxpayers be allowed to choose where their taxes go. Whether this would shrink or expand the public sector is anybody's guess. Xerographicahttps://www.blogger.com/profile/14978832439622230018noreply@blogger.comtag:blogger.com,1999:blog-4824790768118172625.post-67473695096726008552014-06-17T06:30:08.650-07:002014-06-17T06:30:08.650-07:00Cool thought experiment. I believe the world is to...Cool thought experiment. I believe the world is too complex for there to be no pricing system. Such a world would certainly be less efficient than our own. <br /><br />Question: How would such a world allocate luxury goods like precious stones and antique furniture without money?Recueillementhttps://www.blogger.com/profile/08126350750073360949noreply@blogger.com