Resource-based economics: Difference between revisions

Revision as of 06:02, 8 January 2014

Resource based economics or resource-based economy (RBE) is a proposed system in which all goods and services are available without the use of money, credits, barter or any system of debt or servitude. The setup has been advocated largely by a group called The Venus Project, and promoted in the Zeitgeist film series.

Under a resource-based economy, all resources are said to be the common heritage of all of the inhabitants. The premise upon which the system is based is that the Earth is abundant with plentiful resources, and that the practice of rationing resources through monetary methods is irrelevant and counter productive to human survival. Proponents claim that under this system, money is replaced by gratitude, trading is replaced by sharing, and ownership is replaced by usership in a way that everyone's needs are met.^[1] RBE was partially used in camps of the Occupy Wall Street.^{[citation needed]}

The Austrian/free-market (as well as mainstream) criticism of resource-based economics is largely rooted in the underlying reasons money developed. The famous tragedy of the commons offers reasoning as to why resources held "in common" end up being wholly depleted, and illustrates an argument for the need for property rights. Opponents of RBE point out that despite the advances in technology throughout history, scarcity still exists, and will always exist...thereby necessitating a system of property rights, as well as a means to transact for goods and services one desires.

Notes

↑ "Resource-based Economy". OccupyConcepts.org. http://occupyconcepts.org/wiki/Resource-based_Economy.

Links

"Venus Needs Some Austrians" by Robert P. Murphy, August 2010
A Resource Based Economy by David Kramer, October 2012
"Abundance vs. Scarcity" by Frederic Bastiat, (The Bastiat Collection)
"Scarcity and Property Rights" by Stephan Kinsella, January 2009
"HuffPo Abolishes Scarcity" by Robert P. Murphy, May 2010
The Free Market: What Scarcity Implies by D.W. MacKenzie, February 2003

[1] "Resource-based Economy". OccupyConcepts.org. http://occupyconcepts.org/wiki/Resource-based_Economy.

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-'''Resource based economics''' or '''RBE''' is a system in which all [[goods]] and [[service]]s are available without the use of [[money]], [[credits]], [[barter]] or any system of [[debt]] or servitude. All resources said to be the [[the commons|common heritage]] of all of the inhabitants. The premise upon which this system is based is that the Earth is abundant with plentiful resources and that the practice of rationing resources through monetary methods is irrelevant and counter productive to human survival. RBE was partially used in camps of the [[Occupy Wall Street]].{{fact|December 2013}} Proponents claim that under this system, money is replaced by gratitude, trading is replaced by sharing and ownership is replaced by usership in a way that everyone's needs are met.<ref>{{cite web|url=http://occupyconcepts.org/wiki/Resource-based_Economy|title=Resource-based Economy|publisher=OccupyConcepts.org}}</ref>
+'''Resource based economics''' or resource-based economy ('''RBE''') is a proposed system in which all [[goods]] and [[service]]s are available without the use of [[money]], [[credits]], [[barter]] or any system of [[debt]] or servitude. The setup has been advocated largely by a group called [[The Venus Project]], and promoted in the [[The Zeitgeist Movement|Zeitgeist]] film series.
-The [[Austrian economics|Austrian]]/[[free-market]] (as well as mainstream) criticism of resource-based economics is largely rooted in the underlying reasons money developed. Opponents point out that despite the advances in technology throughout history, [[scarcity]] still exists, thereby necessitating a system of [[property rights]], as well as a means to transact for goods and services one desires.
+Under a resource-based economy, all resources are said to be the [[the commons|common heritage]] of all of the inhabitants. The premise upon which the system is based is that the Earth is abundant with plentiful resources, and that the practice of rationing resources through monetary methods is irrelevant and counter productive to human survival. Proponents claim that under this system, money is replaced by gratitude, trading is replaced by sharing, and ownership is replaced by usership in a way that everyone's needs are met.<ref>{{cite web|url=http://occupyconcepts.org/wiki/Resource-based_Economy|title=Resource-based Economy|publisher=OccupyConcepts.org}}</ref> RBE was partially used in camps of the [[Occupy Wall Street]].{{fact|December 2013}}
+The [[Austrian economics|Austrian]]/[[free-market]] (as well as mainstream) criticism of resource-based economics is largely rooted in the underlying reasons money developed. The famous [[tragedy of the commons]] offers reasoning as to why resources held "in common" end up being wholly depleted, and illustrates an argument for the need for [[property rights]]. Opponents of RBE point out that despite the advances in technology throughout history, [[scarcity]] still exists, and will always exist...thereby necessitating a system of property rights, as well as a means to transact for goods and services one desires.
 ==Notes==