TED Conversations


This conversation is closed.

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?


Showing single comment thread. View the full conversation.

  • Sep 11 2012: yes i agree with you...A new market for socially conscious media. if this becomes priority of media than the chances of change becomes easy and possibilities increases on creating awareness.....how this could be done???
    • Sep 11 2012: "how this could be done???"

      Three ways. Regulate the current mass media. Get the government and corporations to sign a new Broadcasting Act in your country or on an international level that says that socially conscious media, that depict the shortcomings of society and the solutions for it, has to be a part of the channels program. This is not easy and requires an extraordinary amount of signatures or a political party that advocates this act to be implemented.

      Another way is to actively boycott certain types of channels and programs in favors of others, which would directly influence the market to get corporations to invest in the programs that you want to watch. This is not easy either, cause this requires a critical mass of people being aware of the possibility of a future without money (in this case) and wanting the channels to change. I would say this is the hardest way to influence the market, since most people don't know what they really want and therefore settle with what the media companies give them. And to be frank, there aren't many channels or programs out there that are socially conscious.

      The third way, that I've already touched upon, are individuals and companies, such as you and me, creating new content of socially conscious media to the market, hopefully creating a new market for businesses and corporations to come in and say this is something we want to invest in thus ushering forward the socially conscious media on a global scale. I would argue that this is the best method we have at the moment given the current state of mass media.

      To expand on this a little further, I would argue that internet is the greatest liberator of our time thus a potential market for mass awareness since it's basically free and has little to no regulation from governments or corporations. A YouTube video can be watched over and over again by hundreds of millions all over the world at the same time and be translated to all languages.

      Hope this helps.

Showing single comment thread. View the full conversation.