How would a resource-based economy work?

In a resource-based economy (RBE), all physical resources around the globe would be managed in a decentralized but uniform way — the same way that many municipalities currently manage local utilities. The core requirement of resource-based economics is that resources of every kind are plentiful and not scarce.

What is a resource-based on the economic standpoint?

A brief explanation of RBE: “A Resource-Based Economy is a system in which all goods and services are available without the use of money, credits, barter or any other system of debt or servitude. All resources become the common heritage of all of the inhabitants, not just a select few.

Who invented Venus project?

Jacque Fresco
Roxanne Meadows
The Venus Project/Founders

What is the Venus Project Global?

The Venus Project is a non-profit organization that recognizes the important connection between global resource mismanagement and problems such as war, climate change, poverty, and hunger. In the broader context, these are all detrimental results of the current socio-economic operating system.

Why are resources important to the economy?

They contribute towards fiscal revenue, income, and poverty reduction. Sectors related to natural resources use provide jobs and are often the basis of livelihoods in poorer communities. Owing to this fundamental importance of natural resources, they must be managed sustainably.

Which is an example of a resource based view?

Examples include buildings, plant, equipment, exclusive licences, patents, stocks, land, debtors, employees – generally tangible resources can be touched or felt; they have a physical shape.

What is economic based approach?

An economics-based approach requires a careful examination of how competition works in each particular market in order to evaluate how specific company strategies affect consumer welfare. Indeed, an economic approach achieves two complementary goals.

Who supports the Venus project?

The Venus Project and later career Fresco, with his partner Roxanne Meadows, supported the project in the 1990s through freelance inventing, industrial engineering, conventional architectural modeling, and invention consultations. In 2002, Fresco published his main work The Best That Money Can’t Buy.

Is the Venus project still around?

Meadows and Dinwiddie: The Venus Project is a non-profit organization that presents a new socio-economic model utilizing science and technology. For the past 40 years, we have maintained a 21-acre research center in Venus, Florida.

How does Venus benefit Earth?

Venus’ thick atmosphere traps heat creating a runaway greenhouse effect – making it the hottest planet in our solar system with surface temperatures hot enough to melt lead. The greenhouse effect makes Venus roughly 700°F (390°C) hotter than it would be without a greenhouse effect.

Why Venus is the best planet?

Venus is the hottest planet in the solar system. Although Venus is not the planet closest to the sun, its dense atmosphere traps heat in a runaway version of the greenhouse effect that warms Earth.

Why are resources significant to humans economically?

This is the fuel an economy needs to churn effectively. An economy runs on what we call the factors of production. These factors are land, labor, and capital. Human resources is a direct contributor to producing goods and services in all types of economies.

What is the Venus Project?

The Venus Project proposes a holistic approach with a global socio-economic system that utilizes the most current technological and scientific advances to provide the highest possible living standard for all people on Earth. The proposed system is called Resource Based Economy.

Will money become irrelevant in a resource-based economy of abundance?

In a resource-based economy of abundance, money will become irrelevant. We have arrived at a time when new innovations in science and technology can easily provide abundance to all of the world’s people.

What is the role of the resource based economy NPO?

The role of the Resource Based Economy NPO is to implement the concept of a Global Resource Based Economy through the Center for Resource Management, followed by a first experimental city and eventually a network of cities.