Favorite Economic System

[opebo]

Anybody who votes is a dumbass.

Why's that, phknrocket?

[opebo]

Anybody who votes is a dumbass.

Why's that, phknrocket?

No serious economist ever talks about this anymore.
These are perhaps good topics for maybe Political Scientists to have fireside discussions over.

What I'd recommend is reading Econ books or taking Econ classes to develop a worldview rather than fighting over labels.

But asking an economist what kind of economic system we should have is rather like asking the plumber what colour your commode should be.

[opebo]

That said, while we do need intellectual property reform, we definitely don't need to discard the whole system.

I don't see what use there is in keeping it at all. The Internet is quickly rendering the very concept of intellectual property irrelevant.

Medical patents are the only ones that matter - no one really cares about silly nonsense like music or writings.

[opebo]

Industrial patents?

Yeah, those too.  But how does the internet have anything to do with those?  It just makes stealing from Britanny spears easier.

[opebo]

http://en.wikipedia.org/wiki/Three-dimensional_printing

You want a socialist society? Invest in these.

A printing machine makes not a socialist society.  Elimination of privilege makes a socialist society or at any rate moves us in that direction.  The only machine which might help with that is a gun.

[opebo]

My favorite is the Blue Lagoon economy.

Political thought as masturbatory fantasy. 

[opebo]

My favorite is the Blue Lagoon economy.

Political thought as masturbatory fantasy.  

Why not? Its pretty simple to be in steady-state in a Blue Lagoon Economy.

α - n - C(t)/M(t) = 0

No politics on this island! Just Robinson Crusoe, some of his progeny and a mushroom garden.

Oh I thought you were talking about the movie Blue Lagoon.



But Robinson Crusoe had his Man Friday.

[opebo]

The first thing one learns in Economic History is that the question of What works? and What is Moral? are two very different things. And I'm not just talking from a 'government/big institution' policy POV (which is what mainstream economics is all about).

That false dichotomy generally comes from a total misunderstanding of both 'morality' and actual circumstances.  Of course I say this as one who doesn't care for 'morality', but the point is the idea that making people suffer makes the economy better is really ridiculously spurious.  There seems to be some sort of desire in humans to think that choices must be 'hard' or that  'sacrifices must be made'.