Note: The EMC is an entirely new project that was started a week ago or so. We’re at the moment in the phase where we are brainstorming by answering questions. It’s a messy process – but an effective one to get all the relevant points addressed. So – also note that points will evolve and change as we go as we are not setting things in stone, but on a journey towards designing the EMC. The principles upon which EMC is based are laid out in the previous blog-posts. From those principles, we work our way towards what life in EMC would practically be like and how the system will function from an economic perspective.
A: The pharmaceutical industry will still exist - but will be aligned according to what's Best for All and not according to profit for the rich.
MonopoliesQ: Will we only have a few companies doing the same thing? And will the work be divided up? Like, will a company have a certain part of the world to look after?
A: With EMC, we are moving away from monopolies, where a select amount of big corporations has control over particular products. Companies will be far more regional and community based as companies will exist from a point of responsibility towards their particular community. Within EMC, providing goods and services is not an opportunity to ‘hit it big’ in the world – it is how one contributes to society to make Life on Earth a worthwhile experience for everyone. When companies are locally based and operational, transport costs will of course also be cut down, which will reduce pressure on the environment.
Which Laws Will Regulate Companies?Q: Which law will companies belong to? Will the companies answer to local laws or will there be global laws.
A: The EMC will probably develop country by country – so the laws will firstly be national and as more countries join - international agreements will be drafted, which will eventually become law. On a national level – laws will be specifically tailored according to the specific region/environment.
Air TravelQ: What about air travel as each plane that takes off puts 16,000 pounds of pollution in the air?
A: Air travel companies will have to find ways to either mitigate the effects of the pollution or develop different technologies so they don't have to react to the problem - prevention is always the best cure. When problems like this are serious - quotas will be used to limit the amount of pollution.