User talk:ZorroWiz

Help me!
I was thinking of including this on the talk page of:

https://en.wikipedia.org/wiki/Economic_system Is this comment appropriate there?

"By resource allocation mechanism"

This section doesn't seem to list any resource allocation mechanisms.

For example a system may allocate natural resources to manufacturers or traders by auction, licensing or other fee based means. These fees may go in to a general fund or be earmarked for specific needs. These needs might include the maintenance of the infrastructure to provide for the allocation and distribution as well as the regulations relevant to the extraction and use of said resources. Or these fees may be used for programs providing for the social welfare of citizens. Such fees might also be used to provide for needed research. Or for other uses.

Regarding resource allocation mechanisms specifically.

In a capitalist system the resource allocation mechanism often seems to be that those with the capital are the only parties able to receive allocated resources. This case may have the disadvantage that the cost of the allocated resources do not reflect the actual full value of the resources. This because, for example the cost to the citizens of the full life cycle of the resources are not included in the fees paid for them by        those that initially acquire the resources. This is just one example.

In a communist system the resource allocation mechanism often seems to be that the government allocates the resources to manufacturers or traders that it chooses. For what ever reason. As opposed to the highest bidder or other market mechanisms. This case may have the disadvantage that the cost of the allocated resources do not reflect the actual full value of the resources. This might be for example, because the government is managing the overall plan for the economy. Again, just one example.

ZorroWiz (talk) 09:03, 19 September 2018 (UTC)


 * You can post it on the talk page, but I don't think the concern is valid. "Market" and "plan" are resource allocation mechanisms. Capitalism and socialism are listed in the "by ownership of the means of production" section. (Communism would, in this context, be a special kind of socialism. The "real world" attempts at communism generally would be planned economy coupled with socialist ownership of the means of production). It's also quite untrue that only "those with the capital are the only parties able to receive allocated resources" in capitalism. Carrots, for example, are a resource, and you don't need to have capital to get some on the market (not all money is capital). Huon (talk) 16:35, 19 September 2018 (UTC)