Asteroid Named Psyche 16 Is Made Of Enough Gold To Make Everyone On Earth A Billionaire

[Yaseen1]

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 .

 

[jamahir]

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 .

That is a good point but I think mining asteroids will be done under the supervision of the United Nations Organisation.

 

[Protest_again]

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.

 

[hunter_hunted]

Supply and demand goes into black hole

 

[jamahir]

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.

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.

---

Please note : Other important minerals like platinum are also available in the Asteroid Belt.

 

[RealNapster]

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.

This asteroid is too large to be considered for mining or draging to a suitable place from where you can start mining it. For the asteroids that are less then 100 sq feet in size, i have an idea.

Built a small self sustaining colony on mars. Establish the setup. Drag these small asteroids (having gold, nikel, diamond etc) toward mars and land them near the settlement. The technology that asteronauts and satelites use to change directions or give a push will help in draging the asteroids towards mars surface. Mine the asteroid there and ship back the refined elements to earth. Now, we can use moon too for This plan but that would be too risky, if dragging an asteroid toward moon surface cause deflection in moon’s path from its original , let say even some 2 degrees. That would be too risky for our system. So better use mars.

. Btw gold is created and maintained in low temperature as compare to diamond. First time i am listening about an asteroid having gold, instead of diamonds. Khair...

 

[Protest_again]

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.

---

Please note : Other important minerals like platinum are also available in the Asteroid Belt.z

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.

 

[Aryeih Leib]

I am planning to launch a mission anyone interested?

 

[Maxpane]

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.

sir i think exploitation is still there

 

[Wow]

such a stupid clickbait title

such a stupid clickbait title

 

[Hamartia Antidote]

That's economically impossible.

Just think of how rich everybody on the planet would be if they could play basketball like Michael Jordon.

No, they wouldn't be special..just "average".

 

[Imran Khan]

i always thin gold will be useless once we find so much gold it will be like iron or steel

 

[Soumitra]

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.

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

 

[Protest_again]

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

He seems to be equating socialism to utopia where everyone will work equally for social good.

 

[zulu]

Than esp for you""Diamond Planet """
https://news.nationalgeographic.com...-planet-space-solar-system-astronomy-science/

i always thin gold will be useless once we find so much gold it will be like iron or steel