Comments on: econophysics and community currency http://eric.harris-braun.com/blog/2008/09/03/id-67 it's all about the pattern Thu, 08 Dec 2011 16:11:25 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: P2P Foundation » Blog Archive » Open Money as a necessary next step for democracy http://eric.harris-braun.com/blog/2008/09/03/id-67/comment-page-1#comment-477 P2P Foundation » Blog Archive » Open Money as a necessary next step for democracy Mon, 23 Mar 2009 09:39:54 +0000 http://eric.harris-braun.com/blog/2008/09/03/id-67#comment-477 [...] below is a brilliant argument by open money designer Eric Harris-Braun, summarized in a [...] [...] below is a brilliant argument by open money designer Eric Harris-Braun, summarized in a [...]

]]> By: Will http://eric.harris-braun.com/blog/2008/09/03/id-67/comment-page-1#comment-467 Will Fri, 05 Sep 2008 18:34:33 +0000 http://eric.harris-braun.com/blog/2008/09/03/id-67#comment-467 Income inequality without money. In a barter-only no-loans world, income inequality is caused by capital inequality, which can be divided into physical, human, and mental capital. Human capital inequality: cannot be solved unless spending is completely divorced from earning, i.e., money's function as incentive is lost. But human capital differences are not that big, so it's OK. Mental capital inequality: Arguably effective systems which can be seen as monetary would work to effectively spread around IP/mental capital. I was actually working on a hybrid reputation/transaction system that might work out mathematically. Also, more free public education. Physical capital inequality: the only way to solve this seems to be the equal/collective ownership of physical capital. Monetary systems could be used to regulate collective ownership of physical capital, but they don't seem to be able to cause it. Thoughts? Income inequality without money.

In a barter-only no-loans world, income inequality is caused by capital inequality, which can be divided into physical, human, and mental capital.

Human capital inequality: cannot be solved unless spending is completely divorced from earning, i.e., money’s function as incentive is lost. But human capital differences are not that big, so it’s OK.

Mental capital inequality: Arguably effective systems which can be seen as monetary would work to effectively spread around IP/mental capital. I was actually working on a hybrid reputation/transaction system that might work out mathematically.
Also, more free public education.

Physical capital inequality: the only way to solve this seems to be the equal/collective ownership of physical capital. Monetary systems could be used to regulate collective ownership of physical capital, but they don’t seem to be able to cause it.

Thoughts?

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