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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 12 2012: hi Mats,

    This is an excellent thought and i am for it and in complete line with your thoughts and i also believe that this is the only way to create awareness in all country. now the next step would be how to set up these awareness through internet media and be a part of that movement... all over the world...
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      Sep 13 2012: Absolutely. This is the challenge. How to spread awareness. It's starts with us though, and what we want to do in order to change things.

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