Why not? You haven't addressed the possibility. Or do you realize the idea is flawed?
The flaw is in your head because you assume every thing I imagined , entertaining David's idea has to be exactly as yours I was talking about the essential things proving the possibility by examples of technology creating abundance for something was scarce .It seems to me you are intertaining the idea that the hole objective is eliminate production for money or trade , that is not the idea I,m entertaining .
I 'm entertaining the Idea of making the essential things free in an acceptable level .
that doesn't mean I will put caviar on the table nor does it mean I will prevent any body to work his butt out to get caviar in his table or get that diamond ring or that 10000000 Ferraris .
What does that even mean? If it is polluted with toxins or cholera-causing bacteria, etc. it is not drinkable.
it means the water itself is in abundance in quantities sufficient to quill man's thirst which is my point
CDOs are not "phony" inherently. Many of the mortgage CDOs we saw failed, but that won't always be the case.
Yes they are phoney in my opinion . a product has to be a tangible product or tangible utility .
What specifically? Graham-Leach-Blilely? Because the only reason that caused a problem was because of standing moral hazard through government insurance-acting programs such as Fannie/Freddie's involvement, low rates, and the FDIC.
the Glass–Steagall Act of 1933 was enacted for a reason , to guard against the entanglement of defendant financial institutions repealing it made the history repeat itself .
Fannie/Freddie's involvement is not alone , banks created the so called sub prime mortgages and for the purpose of selling it to investment banks who buy it for the sole purpose of creating CDOs . it is a pyramid investment .sub prime mortgages are a flawed product by neglect or design . imagine what would happen to ford or toyota if they install a hazardous part .
low rates, and the FDIC are the salt and pepper for this which prugh
The point is you can't switch to solar overnight and at current efficiency levels it likely isn't possible to switch to just solar. Oil/coal is still needed.
Again another assumption from your side . I never said we can switch to solar overnight I only emphasized the possibility . As for efficiency levels of the solar cells , that depends on the perspective you are looking at as far as the production of electricity is concerned it's efficiency is acceptable but to use it you have to convert it to an AC current and /or you have to store it in batteries that make it less efficient , never the less there are people in the US that use it economically and exchange with the grid .