ext_27846 ([identity profile] davywavy.livejournal.com) wrote in [personal profile] davywavy 2006-01-10 12:02 pm (UTC)

Re: To each according to her needs

'cos I'm not doing much today, to debunk your primary assumption:

The only way 'money' is increased is by people deciding that some services are more deserving of 'nesting tokens' than others

If your idea that money is simply a replacement for barter between people and nothing more is correct, then the above statement is plainly wrong because simply adding more people (and thus more barter) to the system increases the amount of money.
Not only this, but an increase in the resources within the system also increases the amount of money, because the amount of potential barter (money can exist in potentia, you see, and most of it does) is also increased. Resources not only are natural resources and manufactured goods, but they also exist in the form of 'ideas'. The economy of the UK is now a service-based economy based upon energy and idea trading. When an economy recognises the value of intangibles, such as ideas and concepts, and is willing to pay for them, it has moved beyond the basic barter economy which you outline above.

However, money is not simply a replacement for barter - it was 3000 years ago, but fiscal econmicis has developed a bit since then. Thus, not only is your basic contenion incorrect, but you're drawing incorrect conclusions from it.

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