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| A '''resource-based economy''' may refer to: | A '''resource-based economy''' may refer to: | ||
| * The economy of a country whose ] to a large extent comes from ]. | |||
| * The economy of a country whose ] to a large extent comes from ], such as Russia,<ref>{{cite journal| journal=Post-Soviet Affairs| author=William Tompson |year=2005 | volume=21 | issue=4|title=The Political Implications of Russia's Resource-Based Economy|url=http://bellwether.metapress.com/content/b50163240x1m1204/}}</ref> and Norway.<ref>{{cite paper|title=Can Norway Be a Role Model for Natural Resource Abundant Countries? | authors=Ådne Cappelen and Lars Mjøset | year =2009 |url=http://www.wider.unu.edu/stc/repec/pdfs/rp2009/RP2009-23.pdf}}</ref> | |||
| * The name used by ] and ] to describe a ] world economy. It is a method of resource management in which the price mechanism is no longer a mediating factor between supply and demand. Likewise, human labor is no longer a factor contributing to the extraction-production-distribution process, nor does it serve in the operation of services. In place of the price mechanism, a resource-based economy utilizes cybernetics and substitutes cybernation in place of human labor. Fresco's claim is that, theoretically, every task performed by humans can be replaced by automated systems. If achieved and organized into an infrastructure linked with cybernetic systems (cybernation), resources can be thoroughly tracked through the process of extraction-production-distribution as long as it takes place within a closed system, such as Earth. Fresco further claims that this progression of technology, if it were carried on independently of its profitability, would make more resources available to more people by producing an abundance of products and materials. Fresco claims that the production capabilities of modern technology is at such a stage of maturity that it can produce abundance great enough to render the price mechanism unnecessary as a means of rationing resources. This is to the extent that humans can proceed beyond a certain threshold of abundance, actualized by an adequate efficiency of cybernation. This would also thereby eliminate the need for money. Fresco claims this abundance is even more feasible considering the prospect of nanotechnology. However, the entirety of a resource-based economy depends upon a global survey of the planet's resources to establish a hierarchy of resource availability and prioritize development on that basis. In essence, all development would deduce from inventory. Fresco presents the controversial claim that energy and resources are abundant enough to provide for every human need many times over. Fresco further claims that if such resources are translated into the means whereby human needs are satisfied, society will undergo a paradigm shift in all respects. This new-found abundance of resources and fulfillment of human need would, according to Fresco, reduce the human tendency toward corruption, crime, greed, and war, and by extension, prisons, police, laws, and politics. In such a system, the self-preservation of individuals would no longer lead to strategic actions detrimental to other people, the environment, or themselves. This is because the uncertainty of survival, produced by scarcity, is no longer a pervasive pressure, nor is vested interest or the profit motive contributive.<ref>{{cite web|url=http://www.thevenusproject.com/en/the-venus-project/resource-based-economy|title=Resource Based Economy|publisher=]}}</ref> | |||
| * The name used by ] and ] to describe a hypothetical ] world economy.<ref>{{cite web|url=http://www.thevenusproject.com/en/the-venus-project/resource-based-economy|title=Resource Based Economy|publisher=]}}</ref> | |||
| == References == | == References == | ||
Revision as of 01:32, 25 February 2012
A resource-based economy may refer to:
- The economy of a country whose gross national product to a large extent comes from natural resources.
- The name used by The Venus Project and The Zeitgeist Movement to describe a post-scarcity world economy. It is a method of resource management in which the price mechanism is no longer a mediating factor between supply and demand. Likewise, human labor is no longer a factor contributing to the extraction-production-distribution process, nor does it serve in the operation of services. In place of the price mechanism, a resource-based economy utilizes cybernetics and substitutes cybernation in place of human labor. Fresco's claim is that, theoretically, every task performed by humans can be replaced by automated systems. If achieved and organized into an infrastructure linked with cybernetic systems (cybernation), resources can be thoroughly tracked through the process of extraction-production-distribution as long as it takes place within a closed system, such as Earth. Fresco further claims that this progression of technology, if it were carried on independently of its profitability, would make more resources available to more people by producing an abundance of products and materials. Fresco claims that the production capabilities of modern technology is at such a stage of maturity that it can produce abundance great enough to render the price mechanism unnecessary as a means of rationing resources. This is to the extent that humans can proceed beyond a certain threshold of abundance, actualized by an adequate efficiency of cybernation. This would also thereby eliminate the need for money. Fresco claims this abundance is even more feasible considering the prospect of nanotechnology. However, the entirety of a resource-based economy depends upon a global survey of the planet's resources to establish a hierarchy of resource availability and prioritize development on that basis. In essence, all development would deduce from inventory. Fresco presents the controversial claim that energy and resources are abundant enough to provide for every human need many times over. Fresco further claims that if such resources are translated into the means whereby human needs are satisfied, society will undergo a paradigm shift in all respects. This new-found abundance of resources and fulfillment of human need would, according to Fresco, reduce the human tendency toward corruption, crime, greed, and war, and by extension, prisons, police, laws, and politics. In such a system, the self-preservation of individuals would no longer lead to strategic actions detrimental to other people, the environment, or themselves. This is because the uncertainty of survival, produced by scarcity, is no longer a pervasive pressure, nor is vested interest or the profit motive contributive.