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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 13 2012: an economy not based on $$$, ala Star Trek, is the 'End Game' of capitalism. when we all have, more or less, the same standard of living, we can focus on pursuit of knowledge, pursuit of our passions, and service to others. Produce to Consume, Consume to Produce can still survive - they're powerful motivators, just not ends unto themselves. In other words, we'll approach this 'State' in the limit...
    • Sep 13 2012: "In other words, we'll approach this 'State' in the limit..."

      What do you mean?
      • Sep 14 2012: the non monetary state. we may all never get there, but we can all get closer...

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