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Suzianne
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@no1marauder said
Since you like this island analogy, I'll give you what would actually happen under capitalist principles using the characters from a beloved 60's sitcom:

The SS Minnow carrying two crew, Gilligan, the Skipper, too, and five passengers, the Millionaire and his wife, the Movie Star, the Professor and Marianne, sets sail for a three hour tour. During the voyage, the weat ...[text shortened]... small amount of food."

Should the other five take the deal?

Should the workers of the world?
The flaw in the plan is that in this scenario, Howell is not actually wealthy. All he has is a (finite) supply of cash from the old economy, which, if the castaways were sane, is now worthless. He is only as rich now as his benefit to the group. Whatever the new currency, he better get to collecting with the rest of the castaways, and being an older man, he probably can't collect as much as the rest and this places him on a lesser footing than the others because of his age. Currency should be renewable, else it's value becomes inflated beyond reason. His cash would be of no value (well, only as much value as the others give it, which should be none). Let him earn the new currency with the others.

K

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@suzianne said
The flaw in the plan is that in this scenario, Howell is not actually wealthy. All he has is a (finite) supply of cash from the old economy, which, if the castaways were sane, is now worthless. He is only as rich now as his benefit to the group. Whatever the new currency, he better get to collecting with the rest of the castaways, and being an older man, he probabl ...[text shortened]... value as the others give it, which should be none). Let him earn the new currency with the others.
The wealth that is held on paper by millionaires in the real world is just as imaginary as Howell's in no1's story.

AverageJoe1
Catch the Train 47!

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@suzianne said
The flaw in the plan is that in this scenario, Howell is not actually wealthy. All he has is a (finite) supply of cash from the old economy, which, if the castaways were sane, is now worthless. He is only as rich now as his benefit to the group. Whatever the new currency, he better get to collecting with the rest of the castaways, and being an older man, he probabl ...[text shortened]... value as the others give it, which should be none). Let him earn the new currency with the others.
Well said, Suzianne. Common sense always prevails, with a little logic thrown in. Throw in emotion, and it all goes out the window.

Suzianne
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@averagejoe1 said
Well said, Suzianne. Common sense always prevails, with a little logic thrown in. Throw in emotion, and it all goes out the window.
But you would give him far more value than he's worth, just because he "used to be somebody".

Suzianne
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@kazetnagorra said
The wealth that is held on paper by millionaires in the real world is just as imaginary as Howell's in no1's story.
I'm not saying No1's point isn't valid, of course it is.

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AverageJoe1
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@suzianne said
But you would give him far more value than he's worth, just because he "used to be somebody".
No, I never implied that, I hope. To me, these posts should be about the business at hand. Not personalities or where they have been. What is his value NOW, that is the issue. I don’t like trump’s behavior just like you, but I sure do like his concepts.

So, that he ‘used to be somebody’ is worth zero in that world, or this one.

wolfgang59
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@averagejoe1 said
Then capitalism naturally takes over. I sell you a sandwich and
... and I die of food poisoning?

wolfgang59
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@averagejoe1 said
It could be nothing but capitalism if each person sets about plying his trade. Eat what you kill, as they say? I kill a rabbit or make money fixing sandals. Do you think I should give part of the rabbit or my sandal earnings to somebody else? What in the world for? That would be Socialism. Which makes more sense to you? Would You ask me for my stuff? Why?

As to who ...[text shortened]... or produces. They may nickname him the golden goose, make a seat at church for him on the front row!
On your little island anyone catching a rabbit or two would surely share it
with the others. The survival of each would depend on survival for all.

no1marauder
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The post that was quoted here has been removed
I believe they are pronounced the same as "Mary Ann" is an alternate spelling of "Marianne". https://en.wikipedia.org/wiki/Marianne_(given_name)

But you are right; the character played by Dawn Wells is described as "Mary Ann Summers". https://www.imdb.com/title/tt0057751/

I apologize for such a grievous and consequential error.

AverageJoe1
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@wolfgang59 said
On your little island anyone catching a rabbit or two would surely share it
with the others. The survival of each would depend on survival for all.
That is exactly correct. Socialism is best for this small society of 11 people . Communism, collectivism, anything can work. But, hey, you heard it here first.... it cannot work for 300 million people. Yes, on the island we all pool our resources and thank God for health happiness and friendship . And pray that the scientist can get us back to our huge country, where we have to drop a socialistic practices!!! Or, we can spread out each day and try to get other peoples’ stuff !!

AverageJoe1
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@wolfgang59 said
... and I die of food poisoning?
OK!!! 🤨As much as I hate it, I would have the town Council create an FDA for my sandwiches, and those of other merchants, to be inspected. Gotta have FDA, military, and, well, I guess that is all the agencies any country needs!! Oh, and control tower management.

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no1marauder
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The post that was quoted here has been removed
"Marian" is a different name pronounced differently than "Marianne" or "Mary Ann" It is variant, not an alternate, of the former.https://en.wikipedia.org/wiki/Marian_(given_name)

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