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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: For my mind, money is just a leaflet for attributing exchange. As everybody knows, before many centuries people used their goods to exchange.

    For instance, one person gives fish to another, instead of it he takes rice. Then after strong developments this type of exchange substituted with money. This is value of leaflet called 'MONEY'. Till nowadays Money had really the most important function in our life. But in last years, money is losing it's value because of computer generation.

    Online payment systems, Plastic card using, Bank projects made money useless. That's why I see money's future as a useless leaflet. I wanna say moreover that it's not the last one. After some centuries new generation will come to human life...

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