» Wed May 11, 2011 1:59 am
Like others before stated, bottlecaps are the established and accepted currency because they are water-backed, durable, and well-known.
However, they are just as worthless themselves as paper money. Representative currency (like paper money or bottlecaps) derive their value from a commodity that the currency's creator owns. The commodity that the entity owns is what gives the currency it's value and it has to be widely accepted as valuable by those of whom the entity wishes to trade with. For example, if a government wishes to use paper money and backs their currency with gold (a mineral that is widely considered to be of value), the currency will be as valuable as the gold it represents. If the governing entity chooses to back it's currency with something worthless, like a stockpile of used tampons (which no sane government would do), their currency wouldn't be worth the paper it's printed on (or in the case of the U.S. Quarter, not worth the steel it's made of) because nobody in their right mind would want used tampons.
In the case of Fallout's bottlecaps, the currency is backed with water, which is extremely valuable in post-apocalyptic America. It's possible that other entities (I'm calling them that because most groups outside the NCR aren't governments) have adopted bottlecaps as their representative currency because it's well-known, but not guaranteed that water is backing them. It's entirely possible that the bottlecap in the Mojave Wasteland is backed by a commodity other than water like steel or copper (both of which would be readily available in the form of scrap and extremely valuable to a developing country like the NCR).
Regarding government on the other hand (which seems to be the side-topic of this conversation), Anarchy is the ideal system. It is commonly misrepresented thanks to the masses of youth who parade the idea in their rebellious age as a way of saying "I want to do whatever I want with no consequences!" but the real system itself is allowing everyone their absolute freedom from governance. However, as you see in the world of Fallout and scores of nations in the world today that have no government, people as a whole cannot handle not being held accountable for their actions.
So the founding fathers (as they are so lovingly called here in the USA) devised a system based on the merits of the Roman Republic and Greek Democracy with ideas carried over from England's commonlaw legal system and capitalist economy (yes, America owes it's way of life to the country it wrestled it's freedom from). The government was set up with the idea that it would be intentionally inefficient (checks and balances) so citizens would rest easy knowing that the government would need to have a majority concensus in order to act on anything of importance.
I'm telling you all this because the idea of America's systems itself, which can be best described as a Constitutional Democratic Republic, isn't flawed. The design is ingenious (or at least it was) in that it puts the true authority of the nation in the hands of it's citizens. Taking that into consideration, you can see that the blame for the failure of the system in the Fallout universe doesn't end with the U.S. and Chinese governments, but with the citizens of those countries that chose to follow their leaders blindly into annihilation. The Enclave from what I understand believed that they could win the war of Democracy over other forms of government that President Woodrow Wilson started by wiping the slate clean with apocalyptic nuclear fire. They thought that in the vacuum of power left in the wake of the war, that they would emerge as the dominant force in the world thereby establishing that Democracy won the battle over Communism once and for all. They're the remnants of the corrupt, failed government that was elected into power by the sheepish U.S. citizens of their time.
On a side note, guess what my major is!
I typed this up on the Notepad because I had to wait out my mandatory hiatus and this topic was just too good to pass up.