Seek the Truth and it will set you Free
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.
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:
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.
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.
|Renewable energy sources|
|Biofuels • Biomass • Geothermal
Hydro power • Solar power • Tidal power
Wave power • Wind power
|Fields and subfields|
Behavioral · Cultural · Evolutionary
|Business and Economics Portal|
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.
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. 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. 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, 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. 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. 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.
|Mitigation of peak oil|
|Predicting the timing of peak oil|
|Hubbert peak theory|
Last updated by Aaron Jul 28, 2010.