- Terry Freeman
- Mclean, VA
- United States
Executive Editor, Public Eyes Risk Forum
Devise an economic system not based on personal property rights that will support such brilliant concepts as Justin Hall's Tipping.
Our current economic system is based on personal property rights. If energy and water come freely from our environment then there is no property to own with respect to production and thus no wealth to be generated (no one owns the supply). Those who are currently deriving wealth from energy and water production will surely resist.
What would a system look like that allowed for the creation of wealth from free energy and water. Would it not be very different from our current one? Could it possibly create even greater wealth on a global scale?
Perhaps that is the key. Could we measure wealth as a global aggregate of well being rather than an accounting of haves and have-nots? What would be the metrics of such a system?