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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 23 2012: The origin of money might as well be the origin of air. You say that the concept of money will always be relevant and that the physical representation of that power will shift with emerging technologies. I have a question to ask about the dynamics of how and why you think that a shift in technology will change the way we operate in social means? I'm not asking you to predict the future but I would just like to have a valid reason from you to justify why you think human behaviour will adapt in a positive way to the increase of technology? Understanding that the idea of 'trade' and 'purchase' and 'debt' are the implications stopping the progression into a healthy society should be known as the 21st century oblivious, next to nothing us 1% ... What 'Krisztián Pintér' the somewhat capitalist 'splinter' may believe works perfectly ok monetary system = an exploitation of the social structure as a means that the system runs on the survival of the fittest rather than a survival in unity thus the competitive nature which you find implicates your life now, as you mentioned 'you can't take it seriously' ... Why so serious?

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