Quote:
Originally Posted by rc white
I would submit that any viable sustainable economic system will have the following principle at its base, that, the only money that can be hoarded is that that is not used in consuming the sustainable supply of goods and services available.
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Almost agree. Yes, the money system we use has a major problem and is at odds with a sustainable society. However, I think a sustainable society is one without any money at all!
If we look at this from an engineering point of view what we have in an economy is a system that allocates resources. We just use money as a means to do that allocation but it’s not the only means to do that. We can do the allocation other ways. One way I see we could do this is to look at our production capacity and give everyone equal access to that production capacity. Then let them decide what gets produced by allocating their share of production to the production of goods.
.ui