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>We've had one big shot at trying to solve those problems without a market. It was called Communism. Didn't work so well. And they still had money. That wasn't
by midoridensha 4y ago
>We've had one big shot at trying to solve those problems without a market. It was called Communism. Didn't work so well. And they still had money.
That wasn't communism, they they tried to call it that. That was "authoritarian socialism", an authoritarian single-party system with central planning. It had money just like any other economy; the big difference is that central government planners decided how the market would run, what would be made by factories, etc. It failed largely because central planning doesn't work very well. In theory, maybe if some smart AI were doing the central planning with plenty of feedback, it could work really well, but the way the Soviets tried it, it was a big failure.
Still, your point stands: the system still needs money. As long as individuals can make their own individual choices about things, they need money as an exchange of value and way to limit resource consumption. Otherwise, what's to stop a few mentally ill people from grabbing everything off the store shelves for themselves? Or to keep a large fraction of people from taking too much. leaving nothing for everyone else?