Eirmos.
There have been at least two huge threads about this, the current one being one of them.
- If you have a look at the first two or three of this thread, it summarizes my position.
I don’t think scarcity is false [where will the goodies come from if no one is making them], I don’t think volunteers will produce enough for everyone [why should they?], and I think Adam Smith’s Invisible Hand means this:
The only way to get something in a free market is to give people what they want. Thus the very greediest become the greatest benefactors. The only way they could feed their greed was to be as generous as possible, working like dogs to benefit mankind.
I’m in the midst of this long philoshopical piece now, and am worn out for the nonce discussing socialism. My apologies.
- Lenin and his buddies tried a no money system right after they took over. The starvation they caused has so wide spread that they gave up.