The LCS would probably think it's brilliant. I have too much Wisdom and Business skill to fall into that trap.
In the introduction to the "Resaurce-Based Economy", it's written:
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. The premise upon which this system is based is that the Earth is abundant with plentiful resource; our practice of rationing resources through monetary methods is irrelevant and counter productive to our survival.
This premise is false. Resources on Earth are scarce. I don't even have to make an argument against it, as the argument is provided in the conclusion:
If the thought of eliminating money still troubles you, consider this: If a group of people with gold, diamonds and money were stranded on an island that had no resources such as food, clean air and water, their wealth would be irrelevant to their survival. It is only when resources are scarce that money can be used to control their distribution. One could not, for example, sell the air we breathe or water abundantly flowing down from a mountain stream. Although air and water are valuable, in abundance they cannot be sold.
Money is only important in a society when certain resources for survival must be rationed and the people accept money as an exchange medium for the scarce resources. Money is a social convention, an agreement if you will. It is neither a natural resource nor does it represent one. It is not necessary for survival unless we have been conditioned to accept it as such.
Any time that not paying for something by stealing it results in the person you stole from having less of it -- say, you rob a store, and take a Backstreet Boys CD, and now it has one fewer copy of that CD -- you are dealing with a scarcity issue. If, on the other hand, you are downloading the Backstreet Boys CD from the internet, it isn't a scarcity issue; the market there is artificially imposed by law. He could present a "resource-based economy" argument for internet data and intellectual property, but he attempts to apply it to physical resources that are
not effectively infinite. Because his entire utopian vision is based on this premise, it is pointless.
When there are unlimited needs and wants, and limited resources, there exists scarcity. Scarcity forces choices -- what to produce, how to produce, and for whom to produce.
That's from Holt Economics, by Robert L. Pennington -- an excellent read, and one of the few textbooks I've read cover-to-cover.