26 Feb '19 18:30>
@no1marauder saidThe flaw in the plan is that in this scenario, Howell is not actually wealthy. All he has is a (finite) supply of cash from the old economy, which, if the castaways were sane, is now worthless. He is only as rich now as his benefit to the group. Whatever the new currency, he better get to collecting with the rest of the castaways, and being an older man, he probably can't collect as much as the rest and this places him on a lesser footing than the others because of his age. Currency should be renewable, else it's value becomes inflated beyond reason. His cash would be of no value (well, only as much value as the others give it, which should be none). Let him earn the new currency with the others.
Since you like this island analogy, I'll give you what would actually happen under capitalist principles using the characters from a beloved 60's sitcom:
The SS Minnow carrying two crew, Gilligan, the Skipper, too, and five passengers, the Millionaire and his wife, the Movie Star, the Professor and Marianne, sets sail for a three hour tour. During the voyage, the weat ...[text shortened]... small amount of food."
Should the other five take the deal?
Should the workers of the world?