Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The amusing thing is that when you sync this up with the thread Nomad and Migeru are having you get the clarity that some people have realised (De Soto?) you can't have a market economics when most people have nothing.

Thus, one guy's proposal is that the first step for development in the 3rd world is to go around defining property ownership, so some people have something.

Then the NCE game can start, the purpose of which is to go from this starting state (where we distributed things to people to get things moving) to funnelling all the wealth back to a small minority. i.e. Essentially back to the point where we were before we distributed some property rights around.

<head -> desk>

by Metatone (metatone [a|t] gmail (dot) com) on Tue Apr 7th, 2009 at 06:47:06 AM EST
[ Parent ]
Except that the people who had rights no longer have them, and the people who used to be outsiders now have the rights - over the informal property, as-was, and also over the people, through debt slavery.

So it's all very neat, efficient and economically praise-worthy.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Apr 7th, 2009 at 07:37:14 AM EST
[ Parent ]


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