Diego Fabriccio Diaz Palomo

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What could happen if money looses its value today?

If money doesn't exist probably nobody would be oppressed and there will be no rich and poor countries... What do you think?

  • Jun 4 2014: Diego,
    I think trade would continue. Geographical governments would cease to be.
    Everyone would arm themselves. And because of known history, and educations
    already received, anarchy would for the most part be avoided. Communities would
    separate and morph into small communes. Religions would re-appear stronger,
    not have much as far as a power base is concerned. We would quickly be aware
    of what the worst part of the old government was becoming. Perhaps there would
    be a war of government employees, and soldiers, against it's own citizens. That
    would be the old greed speaking. I suggest we eliminate money and the laws
    created by Geographical governments. Land should not be owned. Lines drawn
    upon a map should not determine boundaries of anything or anyone. Great idea.
    How can we get started.
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      Jun 4 2014: How can we get started?
      We just have to stop being selfish and start thinking as a community not just as a single and unattainable person. (That goes specially for the ones that are in the major and highest points of the Government positions)

      But this can't be changed now so easy. People need to learn that in their childhood not now
  • Jun 3 2014: This has happened many times in the past due to for example, extreme inflation where the value of money decreases exponentially. There were times where a loaf of bread costs $1 one day and $100 the next. Money is there to allow it to act as a stand in for real value so it can be used to exchange one good or service for another. So, it has its uses. If its value undergoes catastrophic loss then no one uses it any more, instead barter takes over as it did in the ancient past. Maybe what you meant is what would happen if everyone earned the same amount of money no matter what they did? Then everyone would have the same amount.
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    Jun 8 2014: I think if that happens, everything would loose it's value. Money is simply a measure of value. A nice bicycle cost a few hundred dollars, a nice car, a hundred times that much. Both will get me from here to there so value is maybe not function, but in structure.
    But how would this work for people. People have no value except in the efforts each presents. Countries have no value except in the efforts all the citizens presents. The USA has a minor number of people in the world and is the most valued (moneyed) country. Yet, the individual citizens in the USA have a wide range of money (value) depending on the value of their efforts. In fact, there are people in poorer nations that have more money (value) then some people in the USA.
    The problem is that human efforts have different values. Each of us have efforts, skills, talents, we may think that they are priceless, but other people determine the value of our efforts. People tend to value a heart surgeon as more valuable then the man who collects their garbage.
    There have been situations where governments ruled all efforts were equally valued. It proved to be an unnatural state for man and those governments' failed. This idea of equitable distribution of value has some emotional appeal.
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      Jun 9 2014: I agree with your opinion Mike. People tend to think their talents are priceless but they don't see that is all about that what they could have been living for a lifetime doing what they love and not what they HAVE TO DO
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        Jun 9 2014: More importantly, Diego, I see too many talented people who never really demonstrate their talents. How many bright talented children, I have seen go through our educational system and wind up as adults who do menial jobs or in a few cases, no jobs at all. How did my society fail these young adults? Lacking parental guidance and love? Misplaced motivational input from our educational programs? Is our society telling our young people that the government will take care of them and they don't have to be all they can be?

        If we examine modern states, it seems that many people either appeal to their governments for help or the states totally control the output of it's citizens talents. Many countries are faced with their citizens calling for a re- distribution of wealth. Yet, when we examine tribal societies in more remote parts of the world, the hunter and gathering groups seem to have found that each member of that society gives his full talents to the society. You don't go to those villages and see members carrying signs that they want to sit around the fire and have the chief give them meat from the hunters that were successful?
        There are people in society that need charity, but this should not be a chosen life style.