You are viewing a single comment's thread from:

RE: Money and Law

in #anarchy8 years ago

What you're talking about can work on a small scale; on the family and tribal level. But for a modern industrialized society, money, and more specifically the price system, is necessary for coordinating the actions of multitudes of people who do not interact on an intimate basis. A lot of people see problems with the current monetary systems of the world, but as I stated in this post, the problems associated with it today are due to state interference in money. To better understand the coordinating function of the price system in a large-scale economy, with all the myriad goods and services with complicated and long-term production processes, that are produced and distributed throughout society, I highly suggest reading the short story, "I, Pencil" by Leonard Read: https://fee.org/resources/i-pencil-audio-pdf-and-html/
For more advanced reading on this subject, look into F.A. Hayek and his work on the 'knowledge problem', and Ludwig Von Mises' work on the 'socialist calculation problem'.

Sort:  

Of course, the great thing about the stateless society is that people are free to organize themselves in any way they wish, so long as it doesn't infringe on the person or property of others. Communities like you describe could certainly be voluntarily formed among like-minded individuals, as long as no one else is being forced to live in such a manner.