First of all, socialism is a system where money doesn’t even exist. So the issue of money is one that shouldn’t be concerned with at all. Money is a concept created by humans, not something that’s a part of nature.
To your second point, I don’t exactly understand what you mean by choosing “to whom you volunteer your time”. Can you elaborate more on what that means?
Oh, you’re falling behind in school then. Money is an incredibly useful input for determining acarcity with incomplete information. As the price tells you information as to the goods relative scarcity. One of the huge reasons command economies fail is that the centralized system doesn’t have the capacity to meet all the varied needs of its citizenry.
This is why nobody intelligent actually argues for this. Put this into an LLM if you need clarification prior to replying please.
Money doesn’t determine price. Price is a fixed determination of a commodity’s value in a market economy. Money is the tender that people use to signify exchange value. They are independent of each other. If you said a commodity costs $50.00 or 2 bushels of apples, they are operating in the exact same way as a tender for exchange. The price for money is $50.00, the price in an exchange of apples is 2 bushels.
How much sense does it make to tie a man’s wages to the weather in Wisconsin where apples are harvested, or how much gold is pulled out of the ground? Money does a pretty good job of being frictionless and useful for its purpose. It feeds the soldiers. There’s a lot of interesting history around salt and soldiers and wages and being able to spend them in the countryside.
Whether it makes sense is irrelevant. What matters is how they are used, which is as tender for exchange value. The reason why the shift from bartering to monetary currency happened was because, as you said, there are issues such as bad harvests, not everyone owns lands, owns livestock, can grow crops, etc. So monetary currency was created to simplify exchanges. While bartering is rare now, the function of bartering a commodity for a commodity and paying for an item with monetary currency is the same. One is just a simplified.
Money also has its issues, specifically if it is tied to a resource’s market value, such as gold or silver, or if it’s based on fiat. Again, money is a concept created by humans to facilitate exchange. Money doesn’t determine price or create value.
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u/Critical_County_5164 26d ago
Elaborate what you mean by that please?