Thursday 5 January 2012

Micawber

As many will know, Dickens' character Mr Micawber has a maxim about his income being greater than his expenditure. This is of course impossible at a global level where the only thing that is possible overall is that income equals expenditure.

For the vast majority of people, expenditure is greater than income, because money is created as debt. Many people of course have to sell their labour for money to pay back this debt.

The constant struggle to minimise outlay and maximise income that most people face is so destructive, even of the better off who fare well compared to those who face starvation day by day.

In an RBE the emphasis would be on maximum efficiency, not taking resources off each other. If an RBE doesn't work there's nothing to stop us reverting to our current system, so it's difficult to accept the assertion that it won't work. Those that believe it won't work ought perhaps be willing for this to be shown experimentally.

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