Equality in transition?

[astikain]

Hi,

How I see the general development of new economic system is that of multiple overlapping systems. The G-20 is well on their way of introducing the global currency at some point and LETS-type systems are gaining popularity because people no longer trust what the governments are suggesting.

Whatever the system we will adopt as a mainstream solution I see one huge question to be answered before any new system can take place: how do we ensure that Warren from US and Nsobundu from Nigeria start off in the new system on an equal footing? In other words, how to prevent that those that have hoarded the current currencies won't ruin the system?

I see this as a major issue in most of the systems - including the Digital Coin. Warren can use his national currency to buy into the system and be much more powerful than Nsobundu with less legal tenders. Correct me if I've failed to understand.

This question was on purpose from the point of view of an individual (household). I won't even go into playing with the idea of how the companies' loans and government debts would be treated the new system... that's a whole another question.

Enlighten me,

Tomi

[Jordan]

Aside from creating money that expires after so much time of inactivity,  I don't know how any kind of 'money' system or systems could be created that would force (and it would have to be coercive), an initial level playing field.

I would however suggest, that both money and the vote are a means of allocating resources in an economy that uses either or both.  And the vote is ( hypothetically  ) a means of creating a permanent level playing field. The problem, which I suspect you are getting at, is that wealth of one form or another can be accumulated and used to bias the equation.

What we forget, and it's easy to do in good times, is that it is our responsibility to continually organize and fight against corruption and monopoly power - and that includes the government, the biggest monopoly power in our lives. Corrupt people are attracted to power like moths to a bright light and we must be eternally vigilant.

What we ought to aim for IMO, is to create something better than what we have, but it's hard to do as we have no data on what the outcome will be as there are not many experiments taking place. Therefore I support the creation of many open 'money' systems and a diverse array of systems of governance and resource allocation. The more experiments that there are the faster new systems can evolve which take advantage of accumulated knowledge.

Ultimately, there is no ultimately. . .that is to say that there can be no perfect system as we are always having to adapt and re-adapt to each other and the universe around us.