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

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
Mexico
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: 21:16
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: 12:16
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
Latvia
Local time: 06:16
Latvian to English
+ ...
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
 

Egon
English to German
TOPIC STARTER
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
Hungary
Local time: 05:16
English to Hungarian
+ ...
I agree, 'cause Jun 12, 2003

...it would be a mercy stroke for the maffia.

Direct link Reply with quote
 
xxxYamato
Bulgaria
Local time: 06:16
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






PerfectIt consistency checker
Faster Checking, Greater Accuracy

PerfectIt helps deliver error-free documents. It improves consistency, ensures quality and helps to enforce style guides. It’s a powerful tool for pro users, and comes with the assurance of a 30-day money back guarantee.

More info »
WordFinder
The words you want Anywhere, Anytime

WordFinder is the market's fastest and easiest way of finding the right word, term, translation or synonym in one or more dictionaries. In our assortment you can choose among more than 120 dictionaries in 15 languages from leading publishers.

More info »



Forums
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search