Imagine an Economy

[Texsox]

I was thinking this weekend, and wondering what the comments would be.

 

What would the economy look like if there was no governments to run deficits and control it? We talk about how the government has to deficit spend and borrow money, and pay interest, to keep the economy moving. That that mean there can be no long term successful economy without governments?

[lostfan]

Then we would have the wealth concentrated in a very small percentage of the world's population, and workers' conditions would be brutal.

[StrangeSox]

I was thinking this weekend, and wondering what the comments would be.

 

What would the economy look like if there was no governments to run deficits and control it? We talk about how the government has to deficit spend and borrow money, and pay interest, to keep the economy moving. That that mean there can be no long term successful economy without governments?

 

Depends on who you ask. Left-wing anarchists would see it as the ultimate form of communism, where everything is collectively owned and there is no need for government. Right-wing anarchists would see it as a capitalist utopia where no one is forced or compelled to do anything, but society overall flourishes (see Atlas Shrugged for an example).

 

Personally, I think it'd be more like Mad Max, though not because of a lack of deficit spending.

Edited January 19, 2009 by StrangeSox

[DukeNukeEm]

With no governments there is no currency, people would be bartering constantly.

 

- Mad Max is a fairly accurate depiction of what with no government looks like.

Edited January 20, 2009 by DukeNukeEm

[bmags]

The world would be road house.