Those who criticize the so-called “capitalist” economic ideal are often pejoratively branded as “socialist” or “communist”, as though these were the only alternatives to an unregulated free market. This assumes that the only options for societal operation exist within a restricted political paradigm, somewhere between “left” and “right” wing. A Resource-Based Economy (RBE) shatters this narrow frame of reference to far extend the perspective of how Socio-Economics can be defined.
First, some definitions:
