Re: [Sci.nanotech] MNT macroeconomics


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"Perry E. Metzger" <perry@xxxxxxxxxxxx> wrote: >You can build military
weaponry in any machine shop, too. It isn't
even hard. If you're even a pretty lame machinist you can build pretty
much any gun that is in current use. Manufacturing ammunition for your
guns is pretty straightforward as well.

But the sheer mass of weaponry with minimal prerequisite support
infrastructures needed, will make MNT's unprecedented as a military lever.


How would it be avoided *with* regulation? You can't even stop people
from doing what they want *today*.

MNT products are available in the library of regulatory products post-MNT.
You use MNT military technologies to reign in the little bastards.


>Stocks don't accumulate interest, compound or otherwise. Without the
stock and bond markets, you wouldn't eat anyway -- the efficiency
gains they provide in financing are part of what allows your modern
lifestyle to exist.

Stocks aren't taxed until they are cashed out. Industrial capital innovations
are taxed multiple times. Stocks are issued when a company needs to borrow
money. The ticker price is irrelevant (generally) to company fundamentals.
Same for bonds. I'm not being anti-commerce here. There is no reason for
capital markets to permit large capital players to soak up all the world's
productivity gains (can have capital markets worship productivity gains or
consumer qualities-of-living instead of profit) . Big money and Big innovation
are not the same thing. The reason this is relevant for MNT is that you will
rapidly see MNT owners soak up all the world's resources unless *hourly* wealth
taxes are imposed to MNT owners.

Our capital markets are more efficient than are centralized bureaucracies but
only marginally so. Both will barf trying to swallow MNT and a truly powerful
elite would be born. The only reason I don't bother to point out these
neocapitalistic blindspots more often in the context of MNT, is that we won't
even make it far enough to experience market-feudalism-by-MNT if we don't deal
with death-by-MNT-weaponry first. I think many in the MNT community embrace a
very shallow school of economics.


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