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Economic value is rooted in both perceived and real, non-negotiable needs (water, shelter, food, etc). Economic idealists tend to skip over the latter, probabl
by pphysch 5y ago
Economic value is rooted in both perceived and real, non-negotiable needs (water, shelter, food, etc).
Economic idealists tend to skip over the latter, probably because they have never faced poverty.
Rather than unscrambling numbers in pursuit of a diseased fantasy, compute could be put to work solving complex allocation problems, simulations, training, etc. to advance economic efficiency. For food production & distribution, water management, natural disaster mitigation, housing allocation, etc.
- Geee 5y agoGood money is a prerequisite for a functioning economy. The majority of world's countries don't have access to good money, and that's why Bitcoin is really important. It really does provide water, shelter and food to these people.
- pphysch 5y agoFalse. Money, i.e. markets, are a particular method of allocating resources. Useful for some aspects of economics, but not others. Economics is not built on finance. Finance is built on economics.
- Geee 5y agoOk, so you're a communist. Good luck trying to decrease poverty with communism.