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RE: No, A Resource-Based Economy Doesn't Work

in #money7 years ago

that wouldn't work. If you look at history then you see that in the USA there was the article of confederation and states were like mini country. It didn't work as it made trade harder, no uniform currency and the states would pay for the national defense. We need a national defence in case we get invaded or their is a war and it is more effective then 13 different state (only 13 states back then) working together. What we need is a weak central government that deal with national issue and the states deal with everything else.

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The best defense is to not have enemies.

country will always have enemy.

Not if we make sure to make everyone to be free to do what and establish communication that aims at resolution. Presently we do not do that because war is a racket. Our countries have monetary interest in NOT resolving conflict.

Gold has been a uniform currency since time immemorial. It's relatively straightforward to judge its purity, and it has functioned superbly as both a store of value and as a medium of exchange for thousands of years. Blockchains are another solution to the issue of non-standard currencies. I could very easily envisage a world that runs on thousands of different blockchains; it's not much different to how exchanges operate now.

Ultimately, decentralization is going to lead to more freedom. Even if a fiefdom crops up that is wicked and evil, its wickedness is restricted to its borders, and everyone else around won't stand for that shit. However, robo-communism isn't going to be the way to get there.

precious metals and cryptocurrency is the way to go. I agree with decentralization but it needs to be state level with a small federal government.

I disagree, but we've all got different opinions. In the interim, that's certainly the most stable system of governance.