Patrick Paquette

Ottawa, On., Canada

About Patrick

Bio

I'm trying to find reasons as to why this idea I've had about changing the monetary system wouldn't work. I was hoping TED would help.

Talk to me about

money, economics, software development

Comments & conversations

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Patrick Paquette
Posted about 1 year ago
Will stock markets exist in an evolved socialist economy?
It might be more clear if you read the section about wanting a utility that no one else wants - it talks about how you can register yourself in the registry to keep you alive. It's more expensive to contribute to unpopular utilities, but if society deems welfare important, your time you contribute towards yourself is worth more. And if it's enough to keep you happy, then you are at s point that you don't even need to work. When you want a high demand utility though, you probably won't be able to afford it without working. And, if you give up all your free time to keep yourself alive then your giving up your freedom to control where society goes from here, which might be ok for you. http://www.metagovernment.org/wiki/User:Paquetp#What_about_utilities_that_no_one_else_actually_wants_except_for_one_or_a_few_consumers.3F
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Patrick Paquette
Posted about 1 year ago
Will stock markets exist in an evolved socialist economy?
Do you have children Lejan? I ask because it was my children who made me realize what possession means to me. Its all about whos turn it is to use a scarce resource. Who decides whos turn it is, when there is contention? Parents or "me first" doesn't work in the real world, but stealing or pushing sure does, but thats evil. Abundance solves all of this but there is only so much beach property. So how about giving a turn to those that are providing towards the society we all want to live in? Those who are contriburing towards providing a high abundance of quality goods for everyone without destroying the planet in the process.
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Patrick Paquette
Posted about 1 year ago
Will stock markets exist in an evolved socialist economy?
Excellent reply Lejan, I, on the other hand, am a software specialist. Yes, there are vulnerabilities in software. The problem can be solved if you reward those who find those vulnerabilities and publish them. I think the resource based economy is quite the dream as well, and as mentioned, it is defined when the efficiency of the registry is so high that there are no utilities scarce enough to merit it's existence, which I think is impossible, simply due to popularity (going to see someone you want to see live, for example). Thank you for reading my post.
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Patrick Paquette
Posted about 1 year ago
Will stock markets exist in an evolved socialist economy?
Ok, I updated the wiki to talk more about shares and equity/ownership. About jobs. It hasn't changed from today except government is an infrastructure project now. People would own an enterprise when they own a majority of the time equity compared to everyone else who does. Employing people is either a service which has no equity, or they are contributing their time towards the equity of a utility which will be published once complete.
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Patrick Paquette
Posted about 1 year ago
Will stock markets exist in an evolved socialist economy?
If this question interests you, you may be interested in an idea I've posted:http://www.ted.com/conversations/23062/direct_democracy_implementatio.html?c=833434 I'd be interested in what you thought of the idea. In this system stocks would not exist, but infrastructure projects take their place.
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Patrick Paquette
Posted over 1 year ago
Which one would you choose? Egalitarianist and/or Meritocratic society
I'm assuming you mean intangible things like R&D that doesn't get any tangible results until it's done, and may never get done. You may want to take a look at the idea I posted that provides an implementation of what Bryan talks about by changing the money game. http://www.ted.com/conversations/23062/direct_democracy_implementatio.html