[ExI] Monetary Evolution Now! was REVOLUTION NOW!

[Giulio Prisco]

Just posted on Amon's blog:

Capitalism can be good:

Smart and hard working baker Joe knows how to make good bread. He
finds a capitalist partner and opens a bakery. At the beginning he
works in the bakery himself with his family, then he hires some
workers. Then he opens a few other bakeries, treats and pays his
workers well, and continues to make good bread and sell it at
reasonable prices. Everyone wins, Joe and his family, the workers, the
investors, and the rest of us who can eat good bread.

And capitalism can be bad:

Finance shark Jim bribes his buddies in government to pass regulations
that put Joe (and all other small bakers) out of business. Then he
opens a chain of bakeries that produce tasteless and toxic bread and
sell it at outrageous prices. Of course, he continues to bribe his
buddies in government to protect his monopoly. After a few years he is
a billionaire who scams financial markets to bring entire currencies
and economies down. He owns banks protected by the government and
bailed out with citizen’s money when he needs. Every few years he (and
his buddies in government) engineer a financial crisis to force people
out of their homes and buy them back cheap. Everybody loses but Jim
and his buddies.

I suggest that we forget the terms “capitalism” or “anti-capitalism”,
and just build a system where Joe’s methods work and Jim’s methods
don’t.

2011/11/10 Amon Zero <amon at doctrinezero.com>:
> On 10 November 2011 05:13, The Avantguardian <avantguardian2020 at yahoo.com>
> wrote:
>>
>> >________________________________
>> >From: spike <spike66 at att.net>
>> >To: 'ExI chat list' <extropy-chat at lists.extropy.org>
>> >Sent: Wednesday, November 9, 2011 5:05 PM
>> >Subject: Re: [ExI] REVOLUTION NOW! all-thing.org
>>
>> >I have a suggestion for a system to replace capitalism.  Unfettered
>> > capitalism.
>>
>> Interestingly, this has been the topic of debate between myself and an
>> economics student at the University of Nevada for some time now. I can
>> pretty much some up where we, myself a left-leaning libertarian biologist
>> and him a right-leaning libertarian economist, have found common ground as
>> follows:
>
> Wow, heaps to chew on there! Let me think on this one for a bit!
>
> - A
>
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