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Money is not the problem

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James Robertson

Posts: 29924
Nickname: jarober61
Registered: Jun, 2003

David Buck, Smalltalker at large
Money is not the problem Posted: Nov 12, 2006 12:24 PM
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This post originated from an RSS feed registered with Agile Buzz by James Robertson.
Original Post: Money is not the problem
Feed Title: Cincom Smalltalk Blog - Smalltalk with Rants
Feed URL: http://www.cincomsmalltalk.com/rssBlog/rssBlogView.xml
Feed Description: James Robertson comments on Cincom Smalltalk, the Smalltalk development community, and IT trends and issues in general.
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Vorlath demonstrates a complete lack of understanding of basic economics:

The money system is a colossal failure. It doesn't work. Those who have more make the rules. This means you are dependent on the rule makers to not screw up the money system. Any wealth you think you may have is imaginary. It's not about complaining when someone makes a lot of money. It's about others not making money in a system not of their choosing.

Read his whole post; that's just the summary. The bottom line is, he seems to think that the system of exchanging money for goods is a problem. Hmm - what would he propose as a replacement? Barter? For some utopians that sounds good, until you realize that most of us don't have anything specific to trade with - say - food producers. I'm a product manager, for instance, and I write some software on the side as a hobby. How would Vorlath propose that I buy vegetables? What do I have worth trading?

Heck, the money system is nothing more than an efficient barter system anyway - we've all agreed to use little bits of paper (etc) as proxies for physical items, so that we can all efficiently trade with each other - whether the two people trading have anything of value to trade each other or not. What's his proposed alternative?

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