The Doctor Now Show :: Money ::

In The Know With Doctor Now!

Doctor Now discusses reasons why money is Obsolete!

Category:

Education

Tags:

• Money
• the doctor now show
• doctor now
• the zeitgeist movement
• zeitgeist
• profit
• greed
• vertical farms
• robot
• technology
• unemployment

[DonPMitchell]

This is a rehash of Karl Marx's "Grundrisse", where he discusses automation and surplus value theory. Yeah, let's rename communism something new like Zeitgeist and hope that people don't remember what a soul-crushing, economically stagnant failure communism was.

[DoctorNowShow]

Communism used money and labor, had social stratification, and elected officials to maintain the communists' traditions. Most importantly, Communism did not eliminate SCARCITY nor did they have a blueprint or the methods for the production of abundance. Machine production rather than labor will dominate the future.

[kajmobile]

u got ur facts wrong. business dont limit supply of something so they can profit more! they actually do the OPPOSITE. profit is incentive to produce more.

every company is trying to sell as much of their product as possible.

u r confusing pricing with profits

[DoctorNowShow]

Things have more value if there are less of them.

If something happened to all the apple trees in the world, and there were only 1,000 apples left on earth, the price for those apples would be astronomical!

If profit is the incentive to produce more, why are products promoted as having "Limited Quantity" or for a "Limited Time Offer"?

There comes a point where producing MORE of something actually becomes less profitable.

[kajmobile]

u cant be serious! ok, lets both open a store and u sell 10 or 100 or 1000 widgets or whatever limited number u want from ur bizarre understanding of how business works, and ill sell 10 million widgets and we will see who makes more profit!

[DoctorNowShow]

Lets use your widget example:

Say you open a store and sell 10 million widgets a year and make a nice profit.

Then, I see what you are doing and open my own widget store. Suddenly there are twice as many widgets around.

To attract customers I sell mine for less.

Say 500 more companies open shop and produce 10 million widgets each, trying to ride the widget craze.

Profit margins shrink to a penny per widget.

More widgets, less profit.

One big store = monopoly

Look up "Price Fixing" and "LG"

[DoctorNowShow]

So, less stores sell widgets because there isn't an acceptable profit to be made.

The final result is that only a few stores make widgets now, driving up the scarcity, limiting abundance, making profits.

[CorvidTabard]

very well done. perhaps a future installment should explore how money is created in the fractional reserve system of banking.

[Play671]

Good work man :) Good video! ☆☆☆☆☆

[PesiCool]

@DonPMitchell What communism are you talking about?

[PesiCool]

Communism does not have wages. The Soviet Union was a socialist dictatorship ruined by social conservatives and was merely a stage in LENINIST approach towards the final goal of COMMUNISM. communism itself is an ideology that aims to abolish social hierarchy, remove classes, exploitation and the monetary system in return for a decentralized, direct democratic society that holds common ownership of the means of production, sets itself a work quota and has free access to articles of consumption.

[lightsout9999]

Excellent video! Keep up the good work! People have to see solutions.

[jstg]

@DonPMitchell why not call, something progressive and obvious to many, with a scary word like communism. Did you ever wonderer how all this communist countries adapted so fast to capitalistic methods? What did old regimes rename communism with? Free market? American dream? I guess they just changed label on the factory, and continued with same exploitation.

[Vexblackheart]

@windowtothe

Intellectual property is a tool that sacrifices the good of mankind for an individual profit.

Technological unemployment is a tool that IS a thief, taking man-hours directly. Explain your “wrong wrong wrong” statement in your own words.



[windowtothe]

Wrong wrong wrong.... please go and study GK Chesterton and distributivism. You confuse the tool with the thief.. It is the thief that needs correcting.

[JanColdwater]

When you remove the monetary system, you remove all the "isms".

[TheAdamDaniel]

@Spindel01 I agree with you for the most part. However, the Venus Project is based off of much more than just the work of Karl Marx which is why many people get offended when TVP or TZM are called "Marxist" or "communist".

[Spindel01]

@TheAdamDaniel well considering he wrote his ideology almost 200 years ago and if had truly followed it by now it would have been the venus project if not something better simply because his ideas and venus project ideas are very similar