Economic Idea

[Rolling Thunder]

I have a better proposal:

I call it mixed-market capitalism.


Any takers?

 

[Timotei]

All he's proposing is that we set hourly wages for every job. He explains it in a roundabout and confusing manner, but his minutes/hours = money.

I got that, but do you not see the problems with such a system?

I'm not saying that it's the right thing to do. I'm just saying he is esoterically describing wage controls.

Again, I (as do the rest of us) understand that. No explanation needed

 

[Amnestic]

This has gotta be one of the worst ideas I've ever heard.

And I've been on the internet for about 8 years, so I've heard a lot of bad ideas.

 

[randomsix]

All he's proposing is that we set hourly wages for every job. He explains it in a roundabout and confusing manner, but his minutes/hours = money.

I got that, but do you not see the problems with such a system?

I'm not saying that it's the right thing to do. I'm just saying he is esoterically describing wage controls.

Again, I (as do the rest of us) understand that. No explanation needed

I suppose I should be more exact in what I was referring to and what I meant. You implied that his system had no physical capital, but it does (just as an economy of wage controls would have physical capital). My statement, due to the parenthesis in the other sentence, implicitly stated that it did. As far as opinions are concerned, I don't think such a system would work either.

 

[The_ModeRazor]

That sounds stupid.
But then again, what doesn't. Might as well try it with a colony of ants.

 

[Good morning blues]

How the hell are you supposed to exchange that?

 

[Dahni]

i study economics
and seriously this would be impossible in practice.
how can you measure someone's effort?
even if it was possible, as someone said, how would taxes work? how could we pay for goods and services? etc.

You haven't really put enough thought into this.

 

[Kuchinawa212]

Now while I won't slap you I do present this question: That means we must have a universal currency. We can't say I worked 2.5 American hours worth and you worked one Europine hour's worth. Then every one would flock to Europe. Same job more pay. See what I mean? We would need everyone to adopt this style. Not just one or two countries

 

[Nmil-ek]

No and why is it always middle management guys earning more than manual labourers in these types of ideas? Do you have any clue how much a skilled plumber earns?

 

[Valate_v1legacy]

No. I've already drawn up the Alterran Charter, which clearly dictates the best way to run the economy. I considered this in its development, but cracked up laughing when I made an experimental implication.