Sunday, August 26, 2007

What's Wrong With the Price System?

Some folks tell us that money is the root of all evil. Yet those who tell us this or rail against the "Price System" perhaps do not understand what money is or how it really works. Money is simply a "unit of trade" and it makes the flow of goods and services and trading to get what you need a lot easier. So yes, we need a unit of trade.

Those who tell us money is evil, do not have a plan to replace it. If you remove "money" you still need a unit of trade, What is it going to be? Are you going to use "point system" based on productivity? If so, you better load me up, as I would be one of the largest point holders, due to my productivity out put. But as soon as I was the top "point" holder, everyone would feel bad about them selves call "me" with the most points the "Devil" and here we go again.

Ayn Rand predicts it, and it matters not which "unit of trade" you use, because those who cannot or will not perform due to whatever excuse or reason will attack those who have the most points - that is merely Human nature. Unless you take human nature out of the equation through social conditioning and brain washing any system of value will have the same response in society.

Even if you use social conditioning to replace the desire for money, still human nature is in DNA and chemicals of the brain so you have to modify the food and vibrational energy waves too if you wish to prevent humans from acting like humans. I do not believe you can remove human nature without modification of the animal. It is not the money system that is problematic it is rather the humans who are using it.

Many who rail against the price system also complain about private property rights. Private Property exists due to the human animal being territorial. We know that human civilization exist without property rights in a few places now and many have in the past, yet these have not been wildly successful civilizations. When you add more people to a system, people become more violent in their behavior and that territorial-ness is problematic.

There is nothing wrong with property rights or the money system, any blame of problems should not be placed on the human psyche and any solutions to such perceived challenges must also take that into consideration.

L. Winslow is an Economic Advisor to the Online Think Tank, a Futurist and retired entreprenuer. Currently he is planning a bicycle ride across the US to raise money for charity and is sponsored by and all the proceeds will go to various charities who sign up.