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It seems like you're focusing on a loss of money as a "stick" (punishment) and saying we could ignore that and just keep operating as usual. But it's also the "carrot" (motivation) signalling the demand and value placed on the activity by others.

In the end, aren't all the money and ledgers are just a way to simplify the ridiculously complex trades required to make modern society work? We don't want to have to exchange sacks of rice and live chickens when we see the doctor and he doesn't want to have to get those chickens converted into barley or whatever it is the medical supply company owner wants this week.

If you remove this signal, you don't just remove a threat of stagnation. You also remove efficiency signals to curtail under-valued work. Just as easily, the participants could do other absurd things instead. The grocer could keep performing shelf-stocking actions while the shelves and back storage area are empty. The doctor could decide they prefer to drive around in an empty delivery truck, while the truck driver decides to sit in the clinic and talk to patients about the weather. Etc.



>You also remove efficiency signals to curtail under-valued work.

I'd argue that the typical diffuse ownership structures you find in most consumer-facing businesses today has the same effect, if not as absolute. The people who see the economic signals and they people with on-the-ground knowledge are split up: a sort of business logic hemispherectomy.




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