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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 27 2012: Isn't money just numbers that represent the relative value of all things? You can't get rid of the idea of relative value. I suppose you could try to use words instead of numbers to represent the relative value of things but even an idiot would soon discover how cumbersome and inaccurate that would be. No, I think you asked you question wrong. What you really wanted to ask is; "when can people like me dictate the relative value of things for everyone else?"

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