You leave me laughing , one thing is for certain is I want nothing to do with the world as you concave it will be
Allan
On Aug 11, 2012 10:13 PM, "andrew vecsey" <andrewvecsey@gmail.com> wrote:
-- A description of a Just In Time Economy without banks. Taken from Economics, banks and money. See YouTube video "Money Simplified". http://www.youtube.com/watch?v=gaqgaubv148
A device that measured mental and physical exertion required for a series of tasks was developed. The device allowed money to be paid to your account. The amount was mainly depended on your exertion to do the task. It was a decentralized peer to peer just-in-time system that coupled employers with employees, skills with jobs and wants with needs. It issued just enough money at just the right time and place to just the right people to ensure smooth flow of the economy, and to ensure just in time education and care for the people.
Computers, their networks and other advances in technology made it possible to return to the decentralized barter money system that allowed for a system where each person issued their own barter money when and where they chose to.
Each person was given, on his day of birth, an amount of money to ensure basic needs for his lifetime. This was in the form of a computer chip that was embedded into the forehead. This device acted like a bank account and allowed salary and payments to be managed. This allowed people to earn additional funds to the basic amount they were born with.
On Friday, February 24, 2012 3:33:21 AM UTC+1, archytas wrote:I did quite a lot of work on artificial intelligence in the 1980s.--
Back then we thought our expert systems would routinise a lot of
banking, accounting and management to software pretty much anyone
could drive. What I found myself working in more and more was the
embodiment of more 'working class' skills - as in the robot factories
making cars.
Knowing some of the technical difficulties, I still believe most
business skills could and should be routinised to computing. I find
it obnoxious to have to invest through brokers, have no wish to meet
bank staff or pay fees to life insurance or pension brokers. I'd be
content with a full spread of investments I could be assured worked to
ethical principles. Most of the research I've done or read is pretty
clear we get negative value from supposedly skilled investment people
because the fees they charge are so high.
What if it's all a con (I suspect it is) and most of us would be
better off with a routinised system? I don't mean getting rid of
banks so we end up with money in mattresses. What would such a
minimal system be?


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