Mobile menu

Off topic: Open Money System -- would the economy prosper or perish?
Thread poster: Egon

English to German
Apr 28, 2003

What do you think would happen - apart from increased justice - if we only had plastic money and a law, that would make the flow of money transparent for everyone?

So everyone could see who paid or got how much for what from whom.

Do you think it would make the economy prosper or perish?

I think it would prosper, because injustice is particularly harmfull when it is kept secret.

On the other hand it may turn out like communism: better in theory but worser in practice.

Anyway, it is simply a democratic decision.

Direct link Reply with quote

Harry Bornemann  Identity Verified
English to German
+ ...
Great Idea Apr 28, 2003

- you got my vote

Direct link Reply with quote
Daniela Ballif  Identity Verified
United States
Local time: 05:16
English to Albanian
+ ...
Nice... Apr 28, 2003

Just keep in mind that “you don’t get paid for what you know but for whom you know.”

Direct link Reply with quote

sylver  Identity Verified
Local time: 19:16
English to French
Adam's fan club Apr 28, 2003

You could start an Adam Smith fan club.

The only problem is that this theory would require 100% transparence (unreachable), 100% disponibility, reject all and any quality differences from one provider to and other - or at least give a measurable method to compare different work\'s quality, take the influence of marketing and public relations out of the equation,...

Providing all the above unreacheable postulates are met, that theory would work to a limited extent. Not really a panacea, I am afraid.

Direct link Reply with quote

Valters Feists  Identity Verified
Local time: 14:16
Member (2005)
English to Latvian
+ ...
Privacy is better; "black boxes" are natural Apr 29, 2003

I do not think many people would like to submit themselves to total snooping (Egon named it \"transparency\", \"increased justice\" -- no, please).

Similarly, mathematicians have proved that insurance system can only exist because not all data about those participating in it is available.

Direct link Reply with quote

English to German
Adams's fan club and natural black boxes Apr 29, 2003

The alternative is that only the government gets this information by people using credit cards, wire transfer etc.

... you prefer that?

Nevertheless, thanks for your contributions, they give me something to chew for a while

[ This Message was edited by: Egon on 2003-04-29 15:49]

Direct link Reply with quote

Péter Tófalvi  Identity Verified
Local time: 13:16
Partial member
English to Hungarian
+ ...
I agree, 'cause Jun 12, 2003 would be a mercy stroke for the maffia.

Direct link Reply with quote

Pablo Cañamares  Identity Verified
Local time: 14:16
Russian to Spanish
+ ...
Open economy? Jun 28, 2003

mmh... I am not too sure about your last point, Egon... what I mean is, what you say is sort of... big brother, isn't it?

I see the many many problems with the current state of things, but I don't think that 100% transparency is reachable, on the one hand, and I think that the transparency would only afect the average guy, but in no way companies or the government.

Apart from that, I do believe it is a matter of privacy, why should anyone know what you buy? On the other hand, that gives cover to so many criminal networks, and government's dirty bussines...

My advice would be to get rid of capitalism first and then... mmh... no, my advice would be to find a better system than capitalism, and then to get rid of capitalism.

Direct link Reply with quote

To report site rules violations or get help, contact a site moderator:

Moderator(s) of this forum
Fernanda Rocha[Call to this topic]

You can also contact site staff by submitting a support request »

Open Money System -- would the economy prosper or perish?

Advanced search

Across v6.3
Translation Toolkit and Sales Potential under One Roof

Apart from features that enable you to translate more efficiently, the new Across Translator Edition v6.3 comprises your crossMarket membership. The new online network for Across users assists you in exploring new sales potential and generating revenue.

More info »
Manage your TMs and Terms ... and boost your translation business

Are you ready for something fresh in the industry? TM-Town is a unique new site for you -- the freelance translator -- to store, manage and share translation memories (TMs) and glossaries...and potentially meet new clients on the basis of your prior work.

More info »

All of
  • All of
  • Term search
  • Jobs