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A resource based economy

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The Major Difference between a Monetary system and A Resource Based Economy,

A resource based economy is by no means perfect but neither is this monetary system we are currently in. The thing that attracts me the most to the idea of a resource-based economy is the fact that everyone on this planet would have housing and food, the basics of which every person on this planet should have. Somehow we have enslaved ourselves to a life of work, food, watch TV and sleep and rinse and repeat. That is the ones on this planet that are lucky enough to have work and the ones that are lucky enough to have been born in a country where there is work, food and TV. The fact that you need to be lucky where you are born is just ridiculous to say the least.

A Monetary system is designed to fail, and is always corrupted and manipulated to keep people in fear and scarcity. To make us consume more of the planets resources way over than we should have.

Updated: Aug 30th

A major theme of Fresco's is the concept of a resource-based economy that replaces the need for the scarcity-oriented monetary economy we have now. Fresco argues that the world is rich in natural resources and energy and that —with modern technology and judicious efficiency— the needs of the global population can be met with abundance, while at the same time removing the current limitations of what is deemed possible due to notions of economic viability.

He gives this example to help explain the idea:

"At the beginning of World War II the U.S. had a mere 600 or so first-class fighting aircraft. We rapidly overcame this short supply by turning out more than 90,000 planes a year. The question at the start of World War II was: Do we have enough funds to produce the required implements of war? The answer was No, we did not have enough money, nor did we have enough gold; but we did have more than enough resources. It was the available resources that enabled the US to achieve the high production and efficiency required to win the war. Unfortunately this is only considered in times of war." ^[15]

Fresco states that for this to work, all of the Earth's resources must be held as the common heritage of all people and not just a select few; and the practice of rationing resources through monetary methods is irrelevant and counter-productive to our survival.

The Venus Project

RBEF

What is a Resource BAsed Economy?
A Resource-Based Economy is a system in which all goods and services are available without the use of money, credits, barter or any other system of debt or servitude. All resources become the common heritage of all of the inhabitants, not just a select few. The premise upon which this system is based is that the Earth is abundant with plentiful resource; our practice of rationing resources through monetary methods is irrelevant and counter productive to our survival.

Modern society has access to highly advanced technology and can make available food, clothing, housing and medical care; update our educational system; and develop a limitless supply of renewable, non-contaminating energy. By supplying an efficiently designed economy, everyone can enjoy a very high standard of living with all of the amenities of a high technological society.

A resource-based economy would utilize existing resources from the land and sea, physical equipment, industrial plants, etc. to enhance the lives of the total population. In an economy based on resources rather than money, we could easily produce all of the necessities of life and provide a high standard of living for all.

Consider the following examples: At the beginning of World War II the US had a mere 600 or so first-class fighting aircraft. We rapidly overcame this short supply by turning out more than 90,000 planes a year. The question at the start of World War II was: Do we have enough funds to produce the required implements of war? The answer was No, we did not have enough money, nor did we have enough gold; but we did have more than enough resources. It was the available resources that enabled the US to achieve the high production and efficiency required to win the war. Unfortunately this is only considered in times of war.

In a resource-based economy all of the world's resources are held as the common heritage of all of Earth's people, thus eventually outgrowing the need for the artificial boundaries that separate people. This is the unifying imperative.

The Goal of a Resource Based Economy:

The goal or incentive for people will be to make each and everyone's lives more rich and enjoyable, comfortable, free, secured, and fun. It's for us to live in Harmony and balance with the planet without the fear, greed, corruption and control. We will also be making sure the Earth is at a total balance of health, while we care for our selves. We all must change our behavior on how to see reality not by Avoiding reality and letting it go, because it just will come back to you. It is Our Responsibility to take care of our own home our own families and our selves, this goal can be reached but not without the whole world cooperating on a massive scale, which does seem difficult but is very possible. To say there is a goal is saying there is an End point, but As in all systems, they are always in a state of evolution and change. There is no such thing as Utopia, but it is possible to create life to perfection as much as possible. We all have a part to do and life should never be about a struggle.

Some of the Benefits of a Resource Based Economy:

a) NO MORE financial based crime - What is the point of robbing a bank, or mugging someone for their wallet of their possessions, if the resources exist to provide people with everything that they might want?

b) NO MORE financially based conflict (wars) - If like me, you're rather cynical about the agenda behind many modern conflicts, then the reason for those conflicts would be as pointless as financial crime. If all resources are available to everyone, then manipulating other countries through financial debt or armed conflict would be as pointless as mugging someone for their possessions.

c) NO MORE working for a living - The need to work for the majority of our lives to pay our living costs, our debts, our housing costs, for food and all the things that we are made to feel we need to be fulfilled in our lives.

d) THE RESTRUCTURING OF OUR SCHOOL SYSTEMS - Schools have for decades been institutions that train and focus children on competing and gaining employment. They are not about what a child may be good at, not about promoting individual ability and creativity. A simple example would be a child who excels at art. They cannot aim to simply leave school and create art. They are encouraged to train for a career in art, so they can make a living. In a RBE society they would be fully supported and allowed to create for the sake of creation, not to earn a living.

e) NO MORE poverty - At this moment in time, tens of thousands of children die each day in 'developing' countries due to malnutrition, and preventable diseases. Every person on this planet would have the chance to live and flourish and create and benefit humanity as a whole.

f) NO MORE risk of sexual exploitation for financial gain - Lets face it, on the whole, woman (and men too) wouldn't be having sex with strangers if there wasn’t any need for financial gain from such an activity. This would also have a similar effect on sex tourism. So, no more Asian girls working in bars in the vague hope of meeting that Western man who will take them away from it all and let them send money home for their families, or Cambodian children being sold to brothels. There would also be a knock on effect on the sex industry, with less people looking at it as a way of making money.

g) A MAJOR EFFECT on substance abuse - Let's face it, a lot, and I mean A LOT of substance abuse is an inappropriate coping mechanism caused by life’s pressures. Ironically, the most common being money problems or issues deriving from money problems. If everyone had the opportunity to not worry about these things, the chances of turning to drink or drugs is vastly reduced. Not to mention the effect the removal of financial gain would have on the drug trade as a whole.

h) ORGANISED CRIME - Why would it exist in a world where there was no need for financial gain or the opportunity to profit from crime?

i) AN END to Planned Obsolescence - The process of a product becoming obsolete and/or non-functional after a certain period or amount of use in a way that is planned or designed by the manufacturer. Planned obsolescence has potential benefits for a producer because the product fails and the consumer is under pressure to purchase again, whether from the same manufacturer (a replacement part or a newer model), or from a competitor. The purpose of planned obsolescence is to hide the real cost per use from the consumer, and charge a higher price than they would otherwise be willing to pay (or would be unwilling to spend all at once). In a RBE society, technology would be made to have a vastly longer operational life span and even when required to be upgraded, would be done so without charge, making sure that everyone would have the best that technology can provide at any given time.

j) The chance for all individuals to reach their potential - And this would be supported fully by the system. People would have the unrestricted opportunity to contribute to the overall advancement of Humanity as a whole. There are children alive today, who may have the ability to contribute, but will never have the opportunity because their family is poor and can't afford to fund their further education, or their training in a particular area. RBE would remove this profoundly wasteful fact of life.

K) CHOICES, TIME AND OPPORTUNITIES - would open up to everyone more than we can ever know now, people would be more free to live they're lives in a more comfortable, stress free world. Imagine the Time we would save from waiting in line at the banks, in the stores, at the markets. What about the Time we would have to spend time with our children instead of a job, imagine the time we would have to find other ventures in life to enrich our lives and others all at a remarkable level. The possibilities are far beyond our imagination or comprehension today.

Natural resource economics

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Natural resource economics deals with the supply, demand, and allocation of the Earth's natural resources. This subfield of economics is therefore interested in the primary sector of the economy which engages in resource extraction (that is, the extraction of raw materials). One main objective of natural resource economics is to better understand the role of natural resources in the economy in order to develop more sustainable methods of managing those resources to ensure their availability to future generations.

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[edit] Areas of discussion

Natural resource economics is a transdisciplinary field of academic research within economics that aims to address the connections and interdependence between human economies and natural ecosystems. Its focus is how to operate an economy within the ecological constraints of earth's natural resources.^[1] Resource economics brings together and connects different disciplines within the natural and social sciences connected to broad areas of earth science, human economics, and natural ecosystems.^[2] Economic models must be adapted to accommodate the special features of natural resource inputs. The traditional curriculum of natural resource economics emphasized fisheries models, forestry models, and minerals extraction models (i.e. fish, trees, and ore). In recent years, however, other resources, notably air, water, the global climate, and "environmental resources" in general have become increasingly important to policy-making.

Academic and policy interest has now moved beyond simply the optimal commercial exploitation of the standard trio of resources to encompass management for other objectives. For example, natural resources more broadly defined have recreational, as well as commercial values. They may also contribute to overall social welfare levels, by their mere existence.

The economics and policy area focuses on the human aspects of environmental problems. Traditional areas of environmental and natural resource economics, include welfare theory, pollution control, resource extraction, and non-market valuation, and also resource exhaustibility,^[3] sustainability, environmental management, and environmental policy. Research topics could include the environmental impacts of agriculture, transportation and urbanization, land use in poor and industrialized countries, international trade and the environment, climate change, and methodological advances in non-market valuation, to name just a few.

Natural resource economics also relates to energy, and is a broad scientific subject area which includes topics related to supply and use of energy in societies. Thermoeconomists argue that economic systems always involve matter, energy, entropy, and information.^[4] Thermoeconomics is based on the proposition that the role of energy in biological evolution should be defined and understood through the second law of thermodynamics but in terms of such economic criteria as productivity, efficiency, and especially the costs and benefits of the various mechanisms for capturing and utilizing available energy to build biomass and do work.^[5]^[6] As a result, Natural resource economics are often discussed in the field of ecological economics, which itself is related to the fields of sustainability and sustainable development.

Hotelling's rule is a 1931 economic model of non-renewable resource management by Harold Hotelling. It shows that efficient exploitation of a nonrenewable and nonaugmentable resource would, under otherwise stable economic conditions, lead to a depletion of the resource. The rule states that this would lead to a net price or "Hotelling rent" for it that rose annually at a rate equal to the rate of interest, reflecting the increasing scarcity of the resource.

The Hartwick's rule provides an important result about the sustainability of welfare in an economy that uses non-renewable resources.

See also: World3, Low-carbon economy, and Hubbert's peak