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Re: [ox-en] There is no such thing like "peer money"

Patrick Anderson writes:



I can't seem to get an answer to the following questions:

Are you saying that there will be no trading of goods or of labor?

Will specialization be allowed?  If not, must we each be our own dentist?



Its interesting that many cultural codes have emerged in history for
specialisation that had nothing to do with markets.

In fact there should be a mininum requirement for a consensus that he or
she who wants to do away with markets does NOT imply that labor should
nbot be divided.

As we used to say in our happy university days: The market has no problem
not do divide the labour. One intrinsic failure of market systems is to
disfavor meaningful specialisation because of uncertain outcomes. If its
profitable, too many farmers switch to produce pigs (the famous "pig -
cycle"). And thousands of companies are running for the same goal,
reinventing the wheel 800 times. The fiberoptic abundance in cities -
market failure, all are doing the same instead of specializing.

Franz

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