Jed Rothwell wrote: > Jones Beene wrote: > >> The USA is slowly moving towards the Scandinavian model, because we are >> (despite lip service to unbridled-capitalism) also very pragmatic people. >> Forbes Magazine itself is the "mouthpiece of capitalism," no? Yet they >> tell it like it is... > > Well, I hope we do develop in this direction. A hybrid system with some of > the best features of capitalism and socialism would be good. To some extent > the two systems are incompatible. You might say they cancel out or > contradict one another. For example, some people are not motivated to work > if they can get welfare money. But no system is perfect, and these problems > can be ameliorated. > > In the far distant future, we will make whatever material goods we want for > free, robots will do all the work, and people will all do whatever they > please. Economics will no longer have any meaning. Money itself will > disappear, I suppose. I doubt anyone will miss it. It is, at best, a > necessary evil and a distraction from things that really matter. > > - Jed > >
I also wish money would disappear, but for that to happen the price system would have to disappear as well. However, without price signals it is difficult to imagine how supply and demand would balance. Perhaps people will set the prices but only robots will work for money. Harry
