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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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  • Sep 8 2012: In my opinion money is at the base of all "evils".
    If we are to survive as a specie we must move on and away from this concept.
    Here again, the culture of fear and scarcity are drivers that steer us away from more important and "real" things in life while promoting the focus on capital, investments, shares, money and more money. Living like this is like believing in father christmas. Too many are living 'only' in the pursue of money as if there is nothing else in life.
    Money and mankind will not be able to survive together in the long run.
    So, no, money have no future. Either we move on or it will be our downfall.

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