Re: All bow down to the Major Domo! (re: Billy Brown's gov model)

Technotranscendence (
Fri, 27 Aug 1999 06:26:21 -0700

On Friday, August 27, 1999 2:17 AM O'Regan, Emlyn <> wrote:
> > 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
> > 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.
> >
> With nanotech, where's the need for a market at all? If it irons out all
> bumps due to resource scarcities, so vanquishes scarcity, why do we need
> trade?

Information might still be traded.

And nanotech, itself, will not abolish scarcity. It will merely switch around the level and types of scarcity. Currently, air is hardly considered a scarce commodity, yet there is still a market in lots other things AND air quality is marketable item.