O'Regan, Emlyn wrote:
> There's some kind of logical flaw here. Capitalism is about distribution
> scarce resources to maximum effect, true? If so, you are saying that a
> 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