Open Access Economy

Community Documentation

User Tools

Site Tools


limitations_of_the_market_system

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revision Previous revision
Next revision
Previous revision
limitations_of_the_market_system [2019/03/12 13:12]
freeworlder [Mental health and wellbeing]
limitations_of_the_market_system [2020/03/27 10:08] (current)
jusr [Poverty] live on less that corrected to live on less than
Line 4: Line 4:
 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 drawbacksandin today'​s society where we value compassion and equality, it no longer serves our best interest (assuming you accept the existence of a viable alternative). and it has also created extensive collateral damage on our natural world. The main drawbacks are:+Though useful, it has many drawbacks and in today'​s society where we value compassion and equality, it no longer serves our best interest(assuming you accept the existence of a viable alternative) ​It has also created extensive collateral damage on our natural world. The main drawbacks are:
  
 ===== Poverty ===== ===== Poverty =====
-Just under half the human population (3bn) in the world today [[http://​www.globalissues.org/​article/​26/​poverty-facts-and-stats|live on less that $2.50 a day]] - many much less than that. Clearly they have insufficient skills or resources to trade with to break from poverty, and/or their geographical location doesn'​t offer them a fair market value. ​+Just under half the human population (3bn) in the world today [[http://​www.globalissues.org/​article/​26/​poverty-facts-and-stats|live on less than $2.50 a day]] - many much less than that. Clearly they have insufficient skills or resources to trade with to break from poverty, and/or their geographical location doesn'​t offer them a fair market value. ​
  
 If almost 50% of the planet'​s human population have insufficient means to trade for a good quality of life, then we must infer that that system is inefficient and incapable of meeting the needs of society at large. If almost 50% of the planet'​s human population have insufficient means to trade for a good quality of life, then we must infer that that system is inefficient and incapable of meeting the needs of society at large.
limitations_of_the_market_system.1552421558.txt.gz · Last modified: 2019/03/12 13:12 by freeworlder