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it will only make rich to those who have capability to use it in space like u.s and remaining people will remain poor as it happens in capitalism .
In a proper Socialist society, basic services like education, transport and medical care should be free.
Other things like say ability to buy a chocolate cake or take a two-day holiday should be based on "Monthly Social credits" similar to what China is implementing. To increase the credits a citizen has to perform assigned social work like contribute in a neighborhood-level Vertical Farm. So a citizen does not have the option of begging.
And no one will be in poverty.
With the system you are proposing, you intend to keep everyone at a mediocre wage level by just providing them with education, housing and transport.
What of a person who has other motivations than a simple cake or a two day a week holiday. Any other form of system which incentivise hard work will just be a different capitalist system rather than socialist.
With the proper social system like the one you are proposing everyone instead of working to for betterment (since lack of incentives) will invest their time to think of innovative ways to slack. Because there is no motivation for them to work harder to earn better.
Slowly the entire system will degenerate where everyone will expect the piece of pie without their due work. The system will simply be gamed.
Which is why classic Capitalism has no future.
Kim Stanely Robinson's superb Mars trilogy books depict Mars settlement with a new economic system.
@Levina @RealNapster @Hamartia Antidote @KapitaanAli @denel @Soumitra @Nilgiri
Soumitra, I know you are waiting for me to write on the Capitalism / Socialism difference for the current world. I will write about that.
Edit : Read this further post of mine.
What you describing is a welfare based capitalist system with a socialist undertone (in terms of deciding who gets what) than a proper socialist system. In a proper socialist system everyone will get equal share in the pie irrespective of work.Everyone at the beginning of the month will start off with a basic Social Credits score. Their daily non-contribution in assigned work will lead to reduction in their Social Credits. They will generally get by because they don't have to pay for basic services, but for anything beyond that, non-performance will determine whether they can have something or not.
Also, what can happen is work as we know it presently can change. Everyone can be taught skills like working in a neighborhood-level Vertical Farm ( and Urban Farm ), medical first aid, neighborhood security etc.
I will add more as I can think of more ideas.
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Please note : Other important minerals like platinum are also available in the Asteroid Belt.z
sir i think exploitation is still thereIn a proper Socialist society, basic services like education, transport and medical care should be free.
Other things like say ability to buy a chocolate cake or take a two-day holiday should be based on "Monthly Social credits" similar to what China is implementing. To increase the credits a citizen has to perform assigned social work like contribute in a neighborhood-level Vertical Farm. So a citizen does not have the option of begging.
And no one will be in poverty.
That's economically impossible.
This is exactly a point that I raised with @jamahir around 6 months ago. He hasn't yet answered 2 fundamental questions about socialism that I askedWith the system you are proposing, you intend to keep everyone at a mediocre wage level by just providing them with education, housing and transport.
What of a person who has other motivations than a simple cake or a two day a week holiday. Any other form of system which incentivise hard work will just be a different capitalist system rather than socialist.
With the proper social system like the one you are proposing everyone instead of working to for betterment (since lack of incentives) will invest their time to think of innovative ways to slack. Because there is no motivation for them to work harder to earn better.
Slowly the entire system will degenerate where everyone will expect the piece of pie without their due work. The system will simply be gamed.
This is exactly a point that I raised with @jamahir around 6 months ago. He hasn't yet answered 2 fundamental questions about socialism that I asked
1 How does the govt pay for all free stuff
2 What is the motivation for anyone to work hard in that system
i always thin gold will be useless once we find so much gold it will be like iron or steel