limitations_of_the_market_system
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limitations_of_the_market_system [2019/03/12 20:07] – [Poverty] freeworlder | limitations_of_the_market_system [2020/03/27 17:08] – [Poverty] live on less that corrected to live on less than jusr | ||
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The use of trade - and its logical extension money - appears on the face of it to be a useful concept: Two parties engage in a trade, both get something they want, and both are better off than before. This has been the dominant mode of social organisation for at least the last 10,000 years. | The use of trade - and its logical extension money - appears on the face of it to be a useful concept: Two parties engage in a trade, both get something they want, and both are better off than before. This has been the dominant mode of social organisation for at least the last 10,000 years. | ||
- | Though useful, it has many drawbacks, and, in today' | + | Though useful, it has many drawbacks and in today' |
===== Poverty ===== | ===== Poverty ===== | ||
- | Just under half the human population (3bn) in the world today [[http:// | + | Just under half the human population (3bn) in the world today [[http:// |
If almost 50% of the planet' | If almost 50% of the planet' | ||
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Even in the parts of the world where trade appears to create prosperity, it is backed almost entirely by debt. Since we know most money is [[https:// | Even in the parts of the world where trade appears to create prosperity, it is backed almost entirely by debt. Since we know most money is [[https:// | ||
- | If we consider trade as being the best way to operate our society, then the question needs to be asked: why would we have debt? If a trading society and its members thrive on the continual movement of goods and services only, then it follows that debt should be unnecessary. Debt can also be interpreted as an ' | + | If we consider trade as being the best way to operate our society, then the question needs to be asked: why would we have debt? If a trading society and its members thrive on the continual movement of goods and services only, then it follows that debt should be unnecessary. Debt can logically |
===== Environmental damage ===== | ===== Environmental damage ===== | ||
Since profit and the creation of wealth is the primary driver of economies and behaviour, it follows that other ' | Since profit and the creation of wealth is the primary driver of economies and behaviour, it follows that other ' | ||
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Currently around [[https:// | Currently around [[https:// | ||
- | Also, without resorting to hard medical | + | Also, though not backed with hard data, it's not unreasonable |
limitations_of_the_market_system.txt · Last modified: 2021/08/04 06:11 by 127.0.0.1