I'm glad to see the first rays of sunshine breaking through the clouds of panic, but purchasing entire XPacks might be a tall order. Someone is going to have to want a LOT of gold to trade enough gems to pay for an XPack.
There is no gear treadmill according to GW1 players. All of the best looking stuff is coming from dungeons and Karma. So why trade my real money gems for in-game gold if it doesn't really buy you anything worthwhile?
I expect that even a single gem will cost a ton of gold, since it seems like most of the convenience type items are only available in the store, and people will tend to just use their gems there.
Well, if they go all the way with this idea and with copying Eve, I'll also be able to sell my level 80 characters. As an avid alt roller, I expect this to pay for all the diamonds I could ever want, including a second account with all conveniences, bank space, and character slots unlocked.
I mean, why not? It's the logical progression of this concept. It will hurt account selling RMTers, it will let people trade time for real life money, and if everything else being discussed is okay, why shouldn't this be okay, too?
I cant say if you are being sarcastic or serious, but thats to much.
I don't see why. I'm good at rolling and leveling alts and I have time to do it, why shouldn't I be able to trade those alts for diamonds so I can buy all the perks and conveniences? People with money who don't like leveling can just buy my alts with diamonds. Everyone is happy, right?
I'm being semi-sarcastic, by the way. I do not like this cash=diamonds=gold system at all. But if they are going to do it, why not sell characters, too?
because there is not enough reason to be maxed lvl that you would be able to sell them.
because there is not enough reason to be maxed lvl that you would be able to sell them.
Well that would be my problem, then. But I think you're wrong. I think people will buy accounts in this game through illicit sources just as they do in other games. I suggest Anet do as CCP did and allow characters to be sold lawfully. Let's go all the way with this concept and see where it leads.
It will also be beneficial to other players for this form of RMT to be sanctioned, since a symbol by a character's name can be used to denote a recent sale to a new player.
I have a baby name book around here still somewhere, I guarantee my characters for sale will have tasteful, unique, and appropriate names, with no random number spew after them, which is more than can be said for most characters running around in MMOs.
I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals.
Gold doesn't magically materialize in this system. With gems you can only buy other players' gold, aka gold that has already been earned by another player and already exists in the system. There will be no inflation as a result of gold > gem exchanges. It results in zero net gold change within the server.
Actually, there's a very high chance that using the "Gem Exchange" will take a small percentage of the gold transferred, which means that it will actually serve as yet another gold sink. Imagine that. You're actually helping the economy when you buy gold.
Originally posted by Guely
Originally posted by freston
Originally posted by Xzen
All I'm getting out of this Gem system is that I might be able to get the expansions and extra character slots and vanity items with out spending anymore real life money than the initial purchase of the game.
I agreee about the slots and vanity items but id be very surprised if they allowed to buy expansions with gems. Maybe adventure packs but im doubtful too. Its a business after all.
Hey, someone bought those gems from Anet. Why not allow us to buy expansions with 'em.
Exactly. Anytime you buy something with gems, that item was payed for in full by someone. If ArenaNet lets you buy expansions with gems, it's as though someone is buying an expansion pack for you in exchange for gold. It's a beautiful system because ArenaNet gets the same amount of money either way, and it serves as a small gold sink at the same time.
I never thought it that way. But now that I think about it...ArenaNet is genius .
So if gold farming company funMMObunnygold.$$$ farms gold alot and then buys gems alot and then sells expansions alot.
a)is a good thing.
b)is a bad thing.
edit:i can imagine there will be zounds of funMMObunnymonstagold.$$$ sites selling accounts with capped character slots and full expansions and zillions of gems and karma and gamers are not the winners in this case.
this is gold selling sites wet dream,they can milk players money in-game.
They would have to take a pretty big risk and loss just to turn gems back into real world currency. We're talking turining real world dollars into pennies in this exchange you have come up with.
Exactly. Anytime you buy something with gems, that item was payed for in full by someone. If ArenaNet lets you buy expansions with gems, it's as though someone is buying an expansion pack for you in exchange for gold. It's a beautiful system because ArenaNet gets the same amount of money either way, and it serves as a small gold sink at the same time.
I never thought it that way. But now that I think about it...ArenaNet is genius .
So if gold farming company funMMObunnygold.$$$ farms gold alot and then buys gems alot and then sells expansions alot.
a)is a good thing.
b)is a bad thing.
edit:i can imagine there will be zounds of funMMObunnymonstagold.$$$ sites selling accounts with capped character slots and full expansions and zillions of gems and karma and gamers are not the winners in this case.
this is gold selling sites wet dream,they can milk players money in-game.
They would have to take a pretty big risk and loss just to turn gems back into real world currency. We're talking turining real world dollars into pennies in this exchange you have come up with.
Theres no risk,Anet is also making real money in the process,all the time,and they will keep gems prize as high as possible which means more profit.
and when prize goes down they will introduce these new unique must have items you must have and gems prizes goes up.
and gold/account sellers will be more than happy.
But if 100000 gems are 1dollar and 100000 are enough to play for a year,then it is a different case,but i doubt that.
so if Anet can make money with gems then goldsellers can also and gamers will pay the bill.
edit: something that i learned from masterpiece Elite.
imagine if i buy all the gems there is available in the server when the prize is low ,what happens?
i really dont know the answer but i can imagine that i could make some nice real cash,so there is horrible scenario chance also that gold sellers can control the whole market.
Gold does materialize, every time an enemy is killed actually.
And gems aren't a gold sink because they go to another player.
Without someplace gold can go to 'die', prices for everything, including gems, will inflate.
Making it harder and harder for anyone to get the gems they need without spending RL money.
There are gold sinks, though it's mostly for bad players that die a lot and people that like fast travel.
I think every mmo should do what CCP does and blizzard is going to do with the RMAH in Diablo3, if you can't stop the blackmarket, control it. It's safer for players, and it brings money back into development where it should be.
Exactly. Anytime you buy something with gems, that item was payed for in full by someone. If ArenaNet lets you buy expansions with gems, it's as though someone is buying an expansion pack for you in exchange for gold. It's a beautiful system because ArenaNet gets the same amount of money either way, and it serves as a small gold sink at the same time.
I never thought it that way. But now that I think about it...ArenaNet is genius .
So if gold farming company funMMObunnygold.$$$ farms gold alot and then buys gems alot and then sells expansions alot.
a)is a good thing.
b)is a bad thing.
edit:i can imagine there will be zounds of funMMObunnymonstagold.$$$ sites selling accounts with capped character slots and full expansions and zillions of gems and karma and gamers are not the winners in this case.
this is gold selling sites wet dream,they can milk players money in-game.
They would have to take a pretty big risk and loss just to turn gems back into real world currency. We're talking turining real world dollars into pennies in this exchange you have come up with.
Theres no risk,Anet is also making real money in the process,all the time,and they will keep gems prize as high as possible which means more profit.
and when prize goes down they will introduce these new unique must have items you must have and gems prizes goes up.
and gold/account sellers will be more than happy.
But if 100000 gems are 1dollar and 100000 are enough to play for a year,then it is a different case,but i doubt that.
so if Anet can make money with gems then goldsellers can also and gamers will pay the bill.
edit: something that i learned from masterpiece Elite.
imagine if i buy all the gems there is available in the server when the prize is low ,what happens?
i really dont know the answer but i can imagine that i could make some nice real cash,so there is horrible scenario chance also that gold sellers can control the whole market.
No you seem to miss the point. Third party sites will take a large gem to real world currency loss in the exchange.
Gold does materialize, every time an enemy is killed actually.
And gems aren't a gold sink because they go to another player.
Without someplace gold can go to 'die', prices for everything, including gems, will inflate.
Making it harder and harder for anyone to get the gems they need without spending RL money.
There are gold sinks, though it's mostly for bad players that die a lot and people that like fast travel.
I think every mmo should do what CCP does and blizzard is going to do with the RMAH in Diablo3, if you can't stop the blackmarket, control it. It's safer for players, and it brings money back into development where it should be.
What blizzard is doing is completely different. They do get a cut, but the bulk of the money changes hands between players.
Secondly, I bet there were dozens of GW2 fanboys who bashed D3 on these forums for their RMAH before this gems announcement. And before it was known there was a cash shop, GW fanboys used to ridicule those as well. There's no limit to how far back people will backpeddle just to keep the dream alive, when it's the backpeddling that destroys it.
Even the most fanatic GW2 fans need to realize that something is wrong:
If everything that can be bought with gold is worthless, then why would anyone sell gems for gold? It wouldn't make any sense. It doesn't matter if it is "character power" or "peacock power" that can be bought with gold, all that matters is that a significant part of the population finds it important enough to actually sell their gems for extra gold.
Keep in mind that you'll likely be working at less than minimum wage if you want to pay for character slots by farming in game gold. I wouldn't be suprised if the final "value" of gold farming in game came out to $1 an hour or less. After all, if everybody could just spend a few hours and have a character slot, nobody would be buying gems, and the value of gems would go up until people had to farm for longer. Eventually it will reach an equalibrium, but I think that equalibrium will be somewhere around $1 an hour or less.
Even the most fanatic GW2 fans need to realize that something is wrong:
If everything that can be bought with gold is worthless, then why would anyone sell gems for gold? It wouldn't make any sense. It doesn't matter if it is "character power" or "peacock power" that can be bought with gold, all that matters is that a significant part of the population finds it important enough to actually sell their gems for extra gold.
It's not that everything is worthless... it's that nothing is.
You may wish to be sitting down when this finally sinks in.
Finally someone that seems to understand. my only worrie so far is that the gems will make the ingame gold vallue near to vallueless, but we have to see how that works out.
It won't have any greater effect on the economy than the usual gold farmers do. At least this way the money is going to the devs!
Free to play = content updates for the cash shop. Buy to play = content updates for the cash shop. Subscription = Actual content updates!
All I'm getting out of this Gem system is that I might be able to get the expansions and extra character slots and vanity items with out spending anymore real life money than the initial purchase of the game.
I agreee about the slots and vanity items but id be very surprised if they allowed to buy expansions with gems. Maybe adventure packs but im doubtful too. Its a business after all.
It doesn't matter for them because for you to get gems for gold someone has to buy those gems from ANet... So they don't care who spends the gems. It's a win-win :P
"Happiness is not a destination. It is a method of life." -------------------------------
Even the most fanatic GW2 fans need to realize that something is wrong:
If everything that can be bought with gold is worthless, then why would anyone sell gems for gold? It wouldn't make any sense. It doesn't matter if it is "character power" or "peacock power" that can be bought with gold, all that matters is that a significant part of the population finds it important enough to actually sell their gems for extra gold.
Everything in game is bought with karma and/or gold ONLY... Everything in cash shop can be bought with gems ONLY...
Saying that gold is worthless in game is not correct. Trading gems which can be used only for cash shop for gold which can be used for items in game makes sence, but now it'll be harder for gold sellers to actually sell gold in a way..
"Happiness is not a destination. It is a method of life." -------------------------------
Even the most fanatic GW2 fans need to realize that something is wrong:
If everything that can be bought with gold is worthless, then why would anyone sell gems for gold? It wouldn't make any sense. It doesn't matter if it is "character power" or "peacock power" that can be bought with gold, all that matters is that a significant part of the population finds it important enough to actually sell their gems for extra gold.
It's not that everything is worthless... it's that nothing is.
You may wish to be sitting down when this finally sinks in.
Assume that I am one of those people who will buy gems with real money, now give me a good reason for why I would change my gems for gold? Will I do it so that I can buy hundreds of different outfits? Tell me why I would change my real money for gold.
Even the most fanatic GW2 fans need to realize that something is wrong:
If everything that can be bought with gold is worthless, then why would anyone sell gems for gold? It wouldn't make any sense. It doesn't matter if it is "character power" or "peacock power" that can be bought with gold, all that matters is that a significant part of the population finds it important enough to actually sell their gems for extra gold.
It's not that everything is worthless... it's that nothing is.
You may wish to be sitting down when this finally sinks in.
Assume that I am one of those people who will buy gems with real money, now give me a good reason for why I would change my gems for gold? Will I do it so that I can buy hundreds of different outfits? Tell me why I would change my real money for gold.
for example,today 1 gem is worth of 100,000 gold and tomorrow its worth of 100,00 gold.
Even the most fanatic GW2 fans need to realize that something is wrong:
If everything that can be bought with gold is worthless, then why would anyone sell gems for gold? It wouldn't make any sense. It doesn't matter if it is "character power" or "peacock power" that can be bought with gold, all that matters is that a significant part of the population finds it important enough to actually sell their gems for extra gold.
It's not that everything is worthless... it's that nothing is.
You may wish to be sitting down when this finally sinks in.
Assume that I am one of those people who will buy gems with real money, now give me a good reason for why I would change my gems for gold? Will I do it so that I can buy hundreds of different outfits? Tell me why I would change my real money for gold.
for example,today 1 gem is worth of 100,000 gold and tomorrow its worth of 100,00 gold.
Will I need that 100,000 gold for anything meaningful? Or is it all for buying rare vanity goods that other people received by getting lucky drops from difficult PvE encounters? Will all meaningful costs such as pots, repairing, etc, be easily paid without any gold grinding?
Sales in AH's for items like the gems has been done before and abused then shut down. This is my main concern but I'm hopeful NCSoft / ANet will have safeguards in place.
Even the most fanatic GW2 fans need to realize that something is wrong:
If everything that can be bought with gold is worthless, then why would anyone sell gems for gold? It wouldn't make any sense. It doesn't matter if it is "character power" or "peacock power" that can be bought with gold, all that matters is that a significant part of the population finds it important enough to actually sell their gems for extra gold.
It's not that everything is worthless... it's that nothing is.
You may wish to be sitting down when this finally sinks in.
Assume that I am one of those people who will buy gems with real money, now give me a good reason for why I would change my gems for gold? Will I do it so that I can buy hundreds of different outfits? Tell me why I would change my real money for gold.
for example,today 1 gem is worth of 100,000 gold and tomorrow its worth of 100,00 gold.
Will I need that 100,000 gold for anything meaningful? Or is it all for buying rare vanity goods that other people received by getting lucky drops from difficult PvE encounters? Will all meaningful costs such as pots, repairing, etc, be easily paid without any gold grinding?
Even the most fanatic GW2 fans need to realize that something is wrong:
If everything that can be bought with gold is worthless, then why would anyone sell gems for gold? It wouldn't make any sense. It doesn't matter if it is "character power" or "peacock power" that can be bought with gold, all that matters is that a significant part of the population finds it important enough to actually sell their gems for extra gold.
It's not that everything is worthless... it's that nothing is.
You may wish to be sitting down when this finally sinks in.
Assume that I am one of those people who will buy gems with real money, now give me a good reason for why I would change my gems for gold? Will I do it so that I can buy hundreds of different outfits? Tell me why I would change my real money for gold.
for example,today 1 gem is worth of 100,000 gold and tomorrow its worth of 100,00 gold.
Will I need that 100,000 gold for anything meaningful? Or is it all for buying rare vanity goods that other people received by getting lucky drops from difficult PvE encounters? Will all meaningful costs such as pots, repairing, etc, be easily paid without any gold grinding?
There are a lot of gold sinks in the game. Upgrades for WvWvW cost gold too(but its not only gold that is needed but supply also which cant be bought) and remember it all resets in 2 weeks.
There are various ways you could be spending gold, it doesnt have to be something you bought.
Oh and lets not forget you can also buy influence with gold(10g for 1k influence 100g for 10k inflience) which also has a limit of how much you can use consecutevely and the things you buy with it have a timer on them and they cant be spammed.
Even the most fanatic GW2 fans need to realize that something is wrong:
If everything that can be bought with gold is worthless, then why would anyone sell gems for gold? It wouldn't make any sense. It doesn't matter if it is "character power" or "peacock power" that can be bought with gold, all that matters is that a significant part of the population finds it important enough to actually sell their gems for extra gold.
It's not that everything is worthless... it's that nothing is.
You may wish to be sitting down when this finally sinks in.
Assume that I am one of those people who will buy gems with real money, now give me a good reason for why I would change my gems for gold? Will I do it so that I can buy hundreds of different outfits? Tell me why I would change my real money for gold.
for example,today 1 gem is worth of 100,000 gold and tomorrow its worth of 100,00 gold.
Will I need that 100,000 gold for anything meaningful? Or is it all for buying rare vanity goods that other people received by getting lucky drops from difficult PvE encounters? Will all meaningful costs such as pots, repairing, etc, be easily paid without any gold grinding?
buy 1000 gems tomorrow.
I'll buy that argumentation . Let's just hope that happens too.
Even the most fanatic GW2 fans need to realize that something is wrong:
If everything that can be bought with gold is worthless, then why would anyone sell gems for gold? It wouldn't make any sense. It doesn't matter if it is "character power" or "peacock power" that can be bought with gold, all that matters is that a significant part of the population finds it important enough to actually sell their gems for extra gold.
It's not that everything is worthless... it's that nothing is.
You may wish to be sitting down when this finally sinks in.
Assume that I am one of those people who will buy gems with real money, now give me a good reason for why I would change my gems for gold? Will I do it so that I can buy hundreds of different outfits? Tell me why I would change my real money for gold.
for example,today 1 gem is worth of 100,000 gold and tomorrow its worth of 100,00 gold.
Will I need that 100,000 gold for anything meaningful? Or is it all for buying rare vanity goods that other people received by getting lucky drops from difficult PvE encounters? Will all meaningful costs such as pots, repairing, etc, be easily paid without any gold grinding?
There are a lot of gold sinks in the game. Upgrades for WvWvW cost gold too(but its not only gold that is needed but supply also which cant be bought) and remember it all resets in 2 weeks.
There are various ways you could be spending gold, it doesnt have to be something you bought.
Oh and lets not forget you can also buy influence with gold(10g for 1k influence 100g for 10k inflience) which also has a limit of how much you can use consecutevely and the things you buy with it have a timer on them and they cant be spammed.
Thank you for bringing up those aspects. I suppose I'll have to wait into beta, to know exactly how effective the gold sinks are and whether or not I can get more than enough gold by just playing a few hours per day, or if I need to buy gold to become more useful.
Damn Anet. And i was so willing to give them my money. So inconsiderate of them.
Someone needs to spend that money anyways to buy the jewels.
Why would Anet care if it is you or someone else?
In a perfect world for Anet, both players will buy everything the cash shop has to offer. What if deciding to do things the hard way (farming gold for diamonds) causes a player to be more frugal and to buy less overall? What if the second player buys gold via diamonds, not in addition to but instead of buying cash shop items with those diamonds?
Anet better watch it. They might end up losing out on this whole diamonds to gold thing.
I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals.
Comments
because there is not enough reason to be maxed lvl that you would be able to sell them.
Well that would be my problem, then. But I think you're wrong. I think people will buy accounts in this game through illicit sources just as they do in other games. I suggest Anet do as CCP did and allow characters to be sold lawfully. Let's go all the way with this concept and see where it leads.
It will also be beneficial to other players for this form of RMT to be sanctioned, since a symbol by a character's name can be used to denote a recent sale to a new player.
I have a baby name book around here still somewhere, I guarantee my characters for sale will have tasteful, unique, and appropriate names, with no random number spew after them, which is more than can be said for most characters running around in MMOs.
I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals.
~Albert Einstein
They would have to take a pretty big risk and loss just to turn gems back into real world currency. We're talking turining real world dollars into pennies in this exchange you have come up with.
My theme song.
Gold does materialize, every time an enemy is killed actually.
And gems aren't a gold sink because they go to another player.
Without someplace gold can go to 'die', prices for everything, including gems, will inflate.
Making it harder and harder for anyone to get the gems they need without spending RL money.
Theres no risk,Anet is also making real money in the process,all the time,and they will keep gems prize as high as possible which means more profit.
and when prize goes down they will introduce these new unique must have items you must have and gems prizes goes up.
and gold/account sellers will be more than happy.
But if 100000 gems are 1dollar and 100000 are enough to play for a year,then it is a different case,but i doubt that.
so if Anet can make money with gems then goldsellers can also and gamers will pay the bill.
edit: something that i learned from masterpiece Elite.
imagine if i buy all the gems there is available in the server when the prize is low ,what happens?
i really dont know the answer but i can imagine that i could make some nice real cash,so there is horrible scenario chance also that gold sellers can control the whole market.
Let's internet
There are gold sinks, though it's mostly for bad players that die a lot and people that like fast travel.
I think every mmo should do what CCP does and blizzard is going to do with the RMAH in Diablo3, if you can't stop the blackmarket, control it. It's safer for players, and it brings money back into development where it should be.
<Welcome to my world>
No you seem to miss the point. Third party sites will take a large gem to real world currency loss in the exchange.
My theme song.
What blizzard is doing is completely different. They do get a cut, but the bulk of the money changes hands between players.
Secondly, I bet there were dozens of GW2 fanboys who bashed D3 on these forums for their RMAH before this gems announcement. And before it was known there was a cash shop, GW fanboys used to ridicule those as well. There's no limit to how far back people will backpeddle just to keep the dream alive, when it's the backpeddling that destroys it.
Even the most fanatic GW2 fans need to realize that something is wrong:
If everything that can be bought with gold is worthless, then why would anyone sell gems for gold? It wouldn't make any sense. It doesn't matter if it is "character power" or "peacock power" that can be bought with gold, all that matters is that a significant part of the population finds it important enough to actually sell their gems for extra gold.
Keep in mind that you'll likely be working at less than minimum wage if you want to pay for character slots by farming in game gold. I wouldn't be suprised if the final "value" of gold farming in game came out to $1 an hour or less. After all, if everybody could just spend a few hours and have a character slot, nobody would be buying gems, and the value of gems would go up until people had to farm for longer. Eventually it will reach an equalibrium, but I think that equalibrium will be somewhere around $1 an hour or less.
It's not that everything is worthless... it's that nothing is.
You may wish to be sitting down when this finally sinks in.
Oderint, dum metuant.
It won't have any greater effect on the economy than the usual gold farmers do. At least this way the money is going to the devs!
Free to play = content updates for the cash shop. Buy to play = content updates for the cash shop.
Subscription = Actual content updates!
It doesn't matter for them because for you to get gems for gold someone has to buy those gems from ANet... So they don't care who spends the gems. It's a win-win :P
"Happiness is not a destination. It is a method of life."
-------------------------------
Everything in game is bought with karma and/or gold ONLY... Everything in cash shop can be bought with gems ONLY...
Saying that gold is worthless in game is not correct. Trading gems which can be used only for cash shop for gold which can be used for items in game makes sence, but now it'll be harder for gold sellers to actually sell gold in a way..
"Happiness is not a destination. It is a method of life."
-------------------------------
Assume that I am one of those people who will buy gems with real money, now give me a good reason for why I would change my gems for gold? Will I do it so that I can buy hundreds of different outfits? Tell me why I would change my real money for gold.
for example,today 1 gem is worth of 100,000 gold and tomorrow its worth of 100,00 gold.
Let's internet
Will I need that 100,000 gold for anything meaningful? Or is it all for buying rare vanity goods that other people received by getting lucky drops from difficult PvE encounters? Will all meaningful costs such as pots, repairing, etc, be easily paid without any gold grinding?
Sales in AH's for items like the gems has been done before and abused then shut down. This is my main concern but I'm hopeful NCSoft / ANet will have safeguards in place.
buy 1000 gems tomorrow.
Let's internet
There are a lot of gold sinks in the game. Upgrades for WvWvW cost gold too(but its not only gold that is needed but supply also which cant be bought) and remember it all resets in 2 weeks.
There are various ways you could be spending gold, it doesnt have to be something you bought.
Oh and lets not forget you can also buy influence with gold(10g for 1k influence 100g for 10k inflience) which also has a limit of how much you can use consecutevely and the things you buy with it have a timer on them and they cant be spammed.
I'll buy that argumentation . Let's just hope that happens too.
Thank you for bringing up those aspects. I suppose I'll have to wait into beta, to know exactly how effective the gold sinks are and whether or not I can get more than enough gold by just playing a few hours per day, or if I need to buy gold to become more useful.
Someone needs to spend that money anyways to buy the jewels.
Why would Anet care if it is you or someone else?
Because my dollars have little carebears drawn with crayon all over them.
In a perfect world for Anet, both players will buy everything the cash shop has to offer. What if deciding to do things the hard way (farming gold for diamonds) causes a player to be more frugal and to buy less overall? What if the second player buys gold via diamonds, not in addition to but instead of buying cash shop items with those diamonds?
Anet better watch it. They might end up losing out on this whole diamonds to gold thing.
I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals.
~Albert Einstein