A system of barter borrowing
For many this will sound silly, but I like toying with various economic ideas and models as a form of thought experiment. Here is a recent concept of a 21st century economy functioning without a medium of exchange. The system outlined below is flawed on so many levels but in spite of its inefficiencies, can a barter system be performed in a globalized economy such as what we have today. Or, in other words, even if there are inefficiencies, do capitalists naysayers have a theoretical model to stand on if money was discarded?
Let us imagine a networked list of inventory and wanted ads, much like Craig’s list. Let us imagine a consumer using a dropdown box like the one below to search the various inventories of the local communities and the world. Thus, you would upload your entire inventory (including your labor) on this server and people would browse your inventory, like they would Amazon, in search for things they would like to have. Now, the problem in barter is that you must find someone that wants what you have and has what you want before you trade. Thus, although a system of massive inventory may help locate such trading partners, it is still too cumbersome. Therefore, there would be a system of borrow coupled with the barter. For example, if I had eggs and wanted peanuts and my trading partner was 1000 miles away, I would borrow peanuts from someone close to me in exchange for my eggs. The person 1000 miles away would borrow eggs from someone close to them and we would both split the compensation while we waited for our goods to arrive. Or thus, when the eggs arrived, they would be given to those whom he borrowed from. When my peanuts arrived they would be returned to whom a borrowed them from. The compensation would be in terms of goods or labor.
Please rip apart my thought process on this
