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Lumifer comments on Estimate the Cost of Immortality - Less Wrong Discussion
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Would someone be able to enlighten me on what the cons of a hypothetical situation in which everyone on the planet decides to temporarily get rid of the concept of money or currency, and pool our collective resources and ideas without worrying about who owes who? I mean on paper it sounds great, and obviously this is extremely hypothetical as it's virtually impossible to get all human life on Earth to actually do that, but are there hidden cons here that I'm not really seeing?
I've not really gone into too much thought on this, it was mostly a fleeting thought, and I was curious what others thought.
This is called "communism". Go read Karl Marx.
If Xyrik is looking to understand the cons of such a system, Marx might not be the best place to look for them.
I like primary sources :-) And do you think there is a chance that Comrade Xyrik will join the cause of the glorious revolution of the proletariat?