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Mats Kaarbø

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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 10 2012: Hi,
    But, who controls them?? again we fall back in the same circle... who gives sponsorship to this media...they will not promote anything if people like you and me goes the media & asked them to promote sustainability programme, education etc in their main channel .......the reality is that we all are attracted to this glamorous world so much that media makes sure to change mindsets of people and every individual person...we need person like Gandhi, martin luthor king, nelson mandela, and such other personalities again in this world who carries masses with them for the right causes and in fact such personalities would appear back as soon as nature wants them to be back to move masses towards the right cause...but i am not sure of a person who whould appear and moves whole world as one nation to make sure basic necessities would be available to all humans in this world..and than comes money, profits, etc etc
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      Sep 10 2012: "But, who controls them??"

      Who controls what?

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