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Old Today, 01:42 AM   #1
answare
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Economy of the Federation

Since Federation citizens pay for drinks etc. at Quark's bar and other non-UFP establishments, is the credit basically UFP currency? Does it say that credits are earned for work, or that they're exchanged for goods and services within the Federation, ie. transporter or replicator use for non-Starfleet?
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Old Today, 02:08 AM   #2
CorporalClegg
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Re: Economy of the Federation

The whole "there's no money in the future" thing is silly and unrealistic. The argument that it's somehow worse than a barter system doesn't really make any sense because, at its most basic form, currency is just regulated barter. All it does is give a quantifiable relative value to the goods and services being traded.

"The acquisition of wealth is no longer the driving force in our lives," is a fine ideal to live by. But wealth and money are mutually exclusive. Just because a person collects a paycheck doesn't mean it's the primary reason he does his job.

As far as people paying for things, the simplest answer is they're granted some kind of stipend to spend on non-Federation worlds. You know ... a paycheck.
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Old Today, 03:16 AM   #3
nonbelligerency
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Re: Economy of the Federation

It was never a completely straightforward doctrine. I remember in one of the first episodes of TNG, Crusher buys a whole bolt of cloth on a planet and has it 'charged to Dr. Crusher on the Enterprise' - or something similar.

answare wrote: View Post
Since Federation citizens pay for drinks etc. at Quark's bar and other non-UFP establishments, is the credit basically UFP currency? Does it say that credits are earned for work, or that they're exchanged for goods and services within the Federation, ie. transporter or replicator use for non-Starfleet?
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Old Today, 03:17 AM   #4
USS Triumphant
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Re: Economy of the Federation

My answer to this question is that it is almost useless to examine closely, because they are using a system that has been discovered/developed between now and then that is superior to our own. But by definition, we CAN'T know what it is, because if we did, we'd be using it.

It's one of those places where the MST3K theme really got it right - "repeat to yourself 'it's just a show - I should really just relax'".

But hey, go ahead. Maybe you'll be the one to figure out what they would be using, and will revolutionize economics. Or at least make some sweet loot for yourself.
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Old Today, 03:20 AM   #5
Rķu rķu, chķu
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Re: Economy of the Federation

Whether the Federation Credit qualifies as money, in the strictest sense...we can't say. I tend to think that it does. It's not money in the sense of being bills, coins, etc., but it IS money in the sense that it is a medium of exchange.

And before anyone mentions the replicator for the 1,000,000th time as the cure of all society's economic ills: Some people refuse to USE the replicator. Picard's family, for instance - his brother Robert would not allow replicators in their home. So what do they do? They make "money" selling the family wine, of course. You can't seriously tell me they go to all that work just to give it away for free...
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Old Today, 07:06 AM   #6
JD5000
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Re: Economy of the Federation

You only ever hear Starfleet people make the claim that they've transcended traditional economics and the accumulation of wealth. They also seem to have every possible need anticipated and fulfilled. The people we see involving themselves in businesses are civilians, and they seem very concerned with paychecks and profit margins.

I'll use Ezri's family as an example. Trill is a Federation world. Money is enough of a concern to them to cause Ezri's brother to commit murder. To get them to fall in line with the Orion Syndicate. Clearly, the Federation has not truly done away with the concept of currency and it's value, it's just that Starfleet officers are so cushioned that they don't have to think about it.
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Old Today, 07:41 AM   #7
robau
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Re: Economy of the Federation

Frankly I don't care about the entire federation. I just want to see how transactions take place on Earth.
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Old Today, 08:12 AM   #8
Timewalker
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Re: Economy of the Federation

JD5000 wrote: View Post
You only ever hear Starfleet people make the claim that they've transcended traditional economics and the accumulation of wealth. They also seem to have every possible need anticipated and fulfilled. The people we see involving themselves in businesses are civilians, and they seem very concerned with paychecks and profit margins.

I'll use Ezri's family as an example. Trill is a Federation world. Money is enough of a concern to them to cause Ezri's brother to commit murder. To get them to fall in line with the Orion Syndicate. Clearly, the Federation has not truly done away with the concept of currency and it's value, it's just that Starfleet officers are so cushioned that they don't have to think about it.
Picard is the only I remember pontificating about how "evolved" the 24th century is. He's so sheltered from the necessity to pay for anything, Ro has to remind him that prostitutes expect to be paid (in the episode where they were undercover).

I don't see how the Federation could possibly function without some sort of economy. Even Voyager had an economy, where the currencies were replicator rations, holodeck time, and duty shifts.
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Old Today, 04:45 PM   #9
RunawayStarShip
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Re: Economy of the Federation

I'm just going to go with Picard is telling half-truths so that he would be in less trouble with the DTI. For example, he says the Enterprise has 24 decks... after the audience hears that the Borg control decks "26 up to 11" earlier in the movie.

Acquisition of wealth is no longer a driving force... probably for a lot of people, but not everyone. Perhaps money doesn't exist... but we know that Federation credits do. Et cetera.
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Old Today, 05:56 PM   #10
Rķu rķu, chķu
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Re: Economy of the Federation

robau wrote: View Post
Frankly I don't care about the entire federation. I just want to see how transactions take place on Earth.
What's the diff? Earth isn't some kind of special case - it's just a Federation member world, like any other.

As for Ezri's family: Trill is a Federation member, yes. But the planet that the Tigans were living on was New Sydney, which is not part of the Federation.
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Old Today, 06:13 PM   #11
C.E. Evans
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Re: Economy of the Federation

I just go with the idea that there's no physical money used within the Federation and that not everyone in the Galaxy accepts "Federation Express."
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Old Today, 06:19 PM   #12
Rķu rķu, chķu
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Re: Economy of the Federation

^ Don't leave the quadrant without it!
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