Well, K*, we have no experience or models with those economies other than serfdo

Well, K*, we have no experience or models with those economies other than serfdom and slavery. When money is a store of time, and assets and capital are a store of time, but some people only consume time, and some people and machines produce all the time, then how do we ‘trade’? How do we perform economic calculation and produce incentives where there is no means of doing so? How does corruption not evolve to such a degree that we’ve restored feudalism or worse, the parasitic predation of the church on the peasantry?
REALITY: How do we manage scarcity and cooperation without calculability, imputation, prices, money, and trade?
I haven’t tried to solve it. I probably can. I just don’t want to spend six months on it right now.. lol


Source date (UTC): 2023-03-01 20:23:41 UTC

Original post: https://twitter.com/i/web/status/1631027449084403713

Replying to: https://twitter.com/i/web/status/1631026035046363137

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