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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 11 2012: who controls media...in the world
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      Sep 11 2012: Sure. The corporations own the media, but who really has the power? The corporations or the consumers? I would argue the latter. The corporations needs a market, right? Therefore, we have the possibility to influence and change it. And on top of that we have the possibility to create a new market for socially conscious media that points out shortcomings of society and provides the solutions to a better one. "Be the change you wish to see in the world." Gandhi

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