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If you haven't read Introduction to Panarchism over at Azarius' blog, I suggest you do that before continuing, as this post probably won't make much sense otherwise.
That panarchism is ethically ideal for any libertarian is, from the standpoint outlined in our previous post, quite certain. The problem, as with any utopia, is to achieve this system - assuming of course that it is possible at all. For that purpose, we have discussed the implications of creating a panarchist community. As far as we can see, two global paths are available for that purpose: transforming an existing nation or creating a new one "from scratch" in a little populated area of the world. Whilst the second option will be the one explored more in detail here, it is worth mentioning that most aspects can apply somewhat equally to both paths.
As a compromise for practical purposes, the best transitory economy we could think of is a form of libertarian socialism. That is, a system a bit to the left, and much more libertarian, than the current right-wing authoritarian world. A fair panarchist system cannot be built on a fundamentally unfair world, but attempting to change the world globally would be unrealistic. Libertarian socialism would, we believe, allow for a smooth transition between the current world and small-scale panarchism, by allowing us to share resources and benefit from economies of scale whilst it would be impossible for all systems to self-sustain.

I was reading this post over at Azarius' blog, and felt that I needed to have my say on it, as it describes a dichotomy between capitalism and communism as a choice between a future-driven lifestyle and a present-driven lifestyle.
What Azarius proposes is that in communism (he is an anarcho-communist), each person would have a choice about how much time to use in productive means, and this would be independent of their quality of life, whereas in capitalism, each person needs to sacrifice time in order to gain wealth.
Whilst this picture looks very glamorous for communism, what Azarius fails to mention is that although people will share society's wealth, the actual amount of wealth in society is higher when there are more hours spent on productive means.
In other words, although for the individual, his graphs are correct, the graph labelled 'Private' will always represent the time to wealth relationship for the society. The more productive society is, the more wealth will be distributed amongst the people (whether via capitalism or communism).
I decided to start my blogging with a bit of a heavy question: 'What is freedom?'
Personally, I determine the freest society as one where each person has the right to do whatever he/she wishes, so long as it doesn't prevent anybody else from doing whatever he/she wishes.
However, even a statement like this can be interpreted in at least two ways: