From: Billy Brown (ewbrownv@mindspring.com)
Date: Thu Aug 26 1999 - 21:07:45 MDT
O'Regan, Emlyn wrote:
> There's some kind of logical flaw here. Capitalism is about distribution
of
> scarce resources to maximum effect, true? If so, you are saying that a
true
> free market can't work until scarcity goes away. Why would we need an
> economic system at all if we have magic nano tech?
No, I'm saying that it is only perfectly, 100% reliable if there are no
natural monopolies, and nanotech would get rid of those few situations I can
see where a natural monopoly might actually exist. Without nanotech we
merely have a system that is 99.9% reliable - local monopolies and cartels
can occasionally form around unusual resource scarcities, but tend to be
short-lived in the absence of government intervention.
IOW, the free market isn't perfect, but it works much better than any other
system humans have ever devised.
> (By the way, I'm not trying to rubish your ideas, I think there's a lot to
> this. That's why I'm hassling).
Hey, no problem. At least no one is calling me an authoritarian statist
this time around.
Billy Brown, MCSE+I
ewbrownv@mindspring.com
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