“Community-based” pricing immediately puts me into the inquiry of, “Is this an improvement that brings borrower and lender together cementing a more solid relationship without abridging the self interests of either but clarifying them so they determine more effectively the old fashioned way if it is a good deal for them or not?…

Or is this an ‘ideal’ that asks them to set aside their self interest and put the community first and so arises not out of the economic forces, but out of economic activity that leaves the “community” ‘feeling’ they got a better or ‘more fair’ economic deal…?

Or is it an ‘ideal’ out of the rights activity in the community? In the latter, it would then be a critique of open market pricing in favor of the new more-equitable-to-all model?

So with that as background…please tell me more about ‘community-based’ pricing model. My comment and question is kind of like a ‘better mouse trap’ question. I am interested in deepening my understanding of how to improve the mouse trap, which in the analogy arises purely out of the economic sector or life or forces.

How is equity determined?… equity, which seems central to all pricing. How do the lender and borrower across a necessarily two sided table arrive at consensus differently than traditional open market price formation?

In other words, each has a valid point of view and self interest to be articulated, fully and freely expressed and exercised …so they go forward into the future having left nothing on the table behind.

How does the ‘community-based’ pricing model augment or surplant that?

On the level of ‘being fair’ itself, is their intelligence in the community-based model or the community in short that is not being introduced between lender and borrower in the open market?

Is it outside of the oversight of the ‘rights-life’ which stands outside of the economic life?

…[These questions are posed inside of the assumption that there is in existence a 'vital' rights life or necessary 'fair playing field' oversight in existence... and so the new model is not working out of or on the rights sector down into the economic sector.]

Or alternatively… Is in fact the ‘community-based’ pricing system seeking to address the lack of a fair playing field, something that is a structural or systemic unfairness.

Tom Norman
tomdnorman@sbcglobal.net

p.s.: I recreated this in layers. Pardon wordiness. It was very frustrating because I clicked on “Manage you subscriptions:” below… since it looked like that was next to do before the button “Submit Comment”. To my dismay, when I returned [from having made no changes to my subscription] my comment space was empty — ugh!

If any reader has question or comment on that, I would like to read it.

Thank you.

Don’t bother to answer. I just wanted you to know that I read it and liked what you said!
Siegfried