Quote:
Originally Posted by Case Closed
In an AC society people will get the wool pulled over their eyes by fly by night businesses with no permanent stake in anything and they will lose a lot of money to them with limited recourse if all contracts are upheld. Pyramid schemes, ponzie schemes would be perfectly legal and I am sure a lot of people would fall victim to them. They would not even have to lie to people to get them to waste their money. It will be like our society except that those who are too lazy to protect themselves will be hurt a lot more in AC land.
The way I look at things, the biggest reason government has been a necessity has been imperfect information causing market failure. In the information age however (esp consider like 10-20 years from now), you can instantly research these Ponzi schemes and whatnot, and avoid getting shafted.
So while the less well off might not have as many informational resources at their disposal (and thus might still suffer), over time it becomes harder and harder to hide things from consumers, and thus harder to exploit them, regardless of socioeconomic background. Think back to feudal times when the avg person's farthest contacts were probably in the order of like 100 miles away. Now I can instantly communicate with someone on the other side of the world, practically for free. This freedom of information is only going to increase barring some kind of world holocaust.
I personally believe that so long as humans continue building our informational infrastructure (internet->Wikipedia/etc), AC-land is inevitable.