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Is There a Future for Money?

In our digital age, where banks and even nations fail through reckless monetary spending and policies, it seems that our monetary system is becoming the big elephant in the room, yes even obsolete. Automation replacing humans seems to be one of the fundamental contradiction of capitalism and may be the demise of the system itself leaving the looming possibility of fascism or military dictatorship to arise and flourish if we fail to arrive at any alternatives.

While some believe taking us back to the gold standard will fix things, and others believe that debt forgiveness is the solution, we hear talks about access/resource based economies, where we simply declare all of Earth's resources as the common heritage of mankind and make goods and services available to all without the use of money, credits, barter or any other system of debt or servitude, through technological abundance.

In fact, let's rephrase the question. At what point in the future do you think that our technology will make automated systems possible and allow us to move out of a monetary system?

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    Aug 21 2012: I also think money is NOT necessary 'at all costs'.
    Although it appears to still HAVE some value (even though almost only virtual), it IS NOT a Value.
    (as far as mushrooms and so forth, I think this is NOT the place for insults...)
    • Jon Ho

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      Aug 22 2012: Indeed, money is sometimes not necessary when doing transactions that requires set value. Barter system for example, is still alive and kicking! I'm extremely curious about the Schrodinger Cat techniques of observing value of money, perhaps you can elaborate more on that?

      Regarding the musroom thingy, sarcasm and insults are two faces of the same coin. One is used to convey a feeling of contempt for the incredulous ideas or situation one is subjected to, while the other is used to dehumanized and degrade the recipient. Sarcasm may be appropriate or inappropriate, though this is generally a function of one's point of view.

      Yes, I was being sarcastic, in case you can't tell from my dry sense of dark humor and puns and fancy wordplay and whatnots. Far be it for me to insult him, oh no! For I DO agree he has some points in there, but the way he presented it in the jumbled up snippets of idea and phrases that rivals, nay, exceed the most extreme of schizophrenic rantings warrants a mechanism to defuse it; the mechanism I chose in this instance was sarcasm.

      Which leads me to believe that English is probably not your native language, am I correct? Perhaps that is why you have misunderstood and misconstrued the fine subtleties in my sarcastic remarks. ;P
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      Aug 22 2012: money is not necessary at all. just like factories are not. or agriculture. our great ancestors lived without all of these. we don't need them. but we want them. we choose to have agriculture, factories and money. because they make our life much better.
      • Aug 22 2012: Money is, however, not necessary to make a good life. And looking at the how much poverty there is around the world I would argue that it doesn't even make a manageable life. The only reason we want/keep it, is because of our unawareness of technological possibilities that can easily create an abundance of materials/resources that can provide everybody with food, shelter, clothing, clean water and a high standard of living. If you will, I can gladly elaborate on our technological possibilities to prove my argument, but if you're here to win the argument or have already made up your mind, I would rather not have to waste my time on it.
      • Aug 23 2012: money is not necessary, it is just an extension of the bartering system (where they would negotiate between a certain amount of X and a certain amount of Y).
        agriculture is an absolute necessity, in fact it is the foundation for civilization
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          Aug 23 2012: in fact, exchange and division of labor is the foundation of civilization. and these are impossible without the concept of money.

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