If there were a system, or procedure in which anyone in the world who used it would be rich, what fundamental properties would that system entail? By rich I mean having the ability to trade for or purchase anything a person desires.
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Thank you for your insight. I had not considered the case where you want a unique item that someone else possesses. The system would have to be able to generate an option in even that case.
Thank you for your opinion. By rich I mean able to trade for or buy anything that person desires, not just life. I am trying to define the requirements for such a system and want peoples input. This must work even for those who cant save a thing.
Thank you for your insights. It is obvious now that the redistribution of wealth will fail for the reasons you have given. Therefore the system that I am looking for cannot redistribute wealth, it must create it. It must create new valuable products
Precisely. There is no limit to the creation of wealth. The economic pie expands infinetly. But in order to realize the greatest benefit, you have to contribute more to it in terms of innovation/productivity.
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Do you think that it's also possible to think of communism as a system where the gov owns the means of production in a society, and capitalism is privately owned industry? If so there could be a capitalistic system with the same benefits right?
Again, on paper, yes. But with anything publicly or privately owned, greed plays a big part. No matter what, someone will always want, and get, more then they need, and in return, someone will get less then they need.
Thank you for your input. So a system would have to be resilient enough to handle people taking more than their share. This can be done either by restricting the amount you can take, or increasing the amount you can acquire.