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Eliminate money

Our world runs on money. Most of us get up in the morning and go to work so we can afford to buy a house, car, food and maintain our lifestyle. Everyday I watch the news (and most of these are bad) the root cause of most of these news is always the same money. My idea is simple and maybe pure utopia but what if we could find a way of running our world without money.

I strongly believe any economic system we have used in recent history do not work. The main reason is very obvious. The worldwide population is approximately 7 billion and rising. Of these 7 billion I guess 30% can eat three times a day and have a roof over their head and sustain themselves and their families. The other 70% cannot have these basic needs a human being requires to live.

My idea maybe is silly but what if we gathered the best minds in the world and asked them to develop a society that runs without money. Now you may think I am crazy or that this is impossible but is it?

Imagine it s the year 1511 and I say to you, "Why do not we create a machine that can fly and take us to the moon?". Your answer would probably be "Yeah right". Yet we did go to the moon in the 60s.

Get the few people we have in the world with a very high IQ (I am not on of them) together and ask them to do the impossible. It may take them years or centuries to achieve this but I strongly believe it can be done. The goal of this project would be to give to the worldwide population food, education and the opportunity to make our world a better place for all of us and our future generations.

  • Aug 13 2011: Of all the crazy posts to eliminate money or claim that money is not required, this post has some sense of a good idea.

    Bring people together for the purpose of solving a perceived problem.

    The only problem with this post is that Edmond wants to use only people with high IQs while I think that since everyone has a stake in the situation, everyone should get a chance to speak their minds.

    And thus we have TED.com
  • Aug 13 2011: I agree with you completelyu Edmond. Money has no base in reality, it is a fantasy, a lie created by merchants and bankers. You don't need money to feed, clothe or house people, you need resources and the will to do it.

    Jaeyun, I disagree completely, I believe a doctors 2 hours and a farmers 2 hours are more equal than almost any other 2 jobs. The doctor heals and the farmer feeds, the doctor needs education and tools and the farmer needs land and labor; but both perform duties neccessary to our survival.

    We have to leave behind this idea that "material gratification" is all there is,, and that technology will save us all. It will be the will of the populace that saves mankind, nothing else.
    '
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    Aug 13 2011: this is like the N-th topic about the issue, and probably has the silliest opening sentence. money does not disappear, but since the fiat money systems, quite the opposite, it is created in larger and larger sums. how could we ever run out of it?

    instead of meditating on your own false images of the world, i highly recommend to wise up:

    http://www.ted.com/talks/hans_rosling_on_global_population_growth.html
    http://www.ted.com/talks/matt_ridley_when_ideas_have_sex.html
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    • Aug 15 2011: open your mind jude.
  • Aug 17 2011: You are not alone in this notion of dropping the concept of money, take a look at these groups:
    http://www.thezeitgeistmovement.com/
    http://www.thevenusproject.com/
    There are probably more, these are the ones I've heard of.
    Neither of them is perfect, but they are at least trying to find a new way, you may accuse them of dreaming, but boy I hope their dreams come true.

    In my opinion though, just about any system we have conceived or we can come up with can both be used well and for good purposes and poorly and for the benefit of few at expense of others, and anything in between.
    I believe the real problem is that we as a society lack the collective maturity to apply ANY system for the good of everyone.
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    Aug 17 2011: I am not one of those hyper genius arithmetic semi-gods of economy but have to say this if some of 30% stops living in boor and brutish luxury and starts to consume less and donate some of their income in monthly bases for those 70% then you will watch less bad news.

    If you want to build a new financial system that is not based on money be my guest but what ever you put in place of current assets should be distributed fairly among all citizens on earth. which will be the key problem while you will be establishing this new way of living...

    And for the core idea here is my contribution. Start centralizing natural resources like Chavez did and divide their shares equally among people. Then people will have something different than money to trade on.
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    Aug 15 2011: money is the easiest medium of exchange for goods and services we get or provide. Without it we have to switch to barter system but this system now looks very defficult.
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    Aug 15 2011: Rev 13:16 He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead,
    Rev 13:17 so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.
    Rev 13:18 This calls for wisdom. If anyone has insight, let him calculate the number of the beast, for it is man's number. His number is 666.

    Yes, money will be eliminated; it won't be an improvement though.

    :-}
  • Aug 15 2011: Edmund's idea is quite interesting. Not many would have dared to think on those lines! I think, "money" because it is a convenient tool to carry to exchange it for goods and services to buy or sell, it will stay with us forever and a day! I can forsee man going to pluto in the future-but money going out of the picture will be just a dream!
  • Aug 15 2011: Originally this world was made by God and was given to us for free.
    but what did we do?
    we became greedy!
    money is a product of greed.

    I cant believe that there's actually another human being who thought of this.I was actually also thinking about it.Eliminating money in our world.

    Water,food and shelter all this was given to us for free.Then came the economic system and the money to control our minds and the world.I hope that we'll all realize the bad effects of money to the human civilization.

    good vibes jude.
  • Aug 13 2011: What you're talking about is a natural evolution. It will get there eventually, just not in our lifetime. Look at the moon example you gave. Had they actually TRIED it at the time, they would have failed miserably, and their notion that you are crazy been proven. Technology needed time to advance. So 450 years later it worked. But we needed that time to evolve to that point.

    The same goes with our economic system. It wasn't that long ago we were on a gold standard, and before that we just traded goods for goods. We will end up there, eventually we have to, it will just take time.
  • Aug 13 2011: We are not yet at such a technological level to do that. Our problems evolved from division of labor. In primitive societies there is no need for money. If you want something you make it. Once humans began to specialize, we needed a way to put value on our work for an equitable exchange of goods. To make a society without money, all work must be equal. A doctors 2 hours must equal a farmers 2 hours. This is of course not possible. So a world without money would be meaningless. That is because human production creates human wealth.

    But right now we are in a trend where our goods and services are becoming cheaper. Never in the history of human kind have we been so well cared for. What has caused this? It is due to automation. When machines start doing our work for us then work becomes equivalent. A robot giving you medicine working for 3 hours is exactly the same as a robot working in the farms. When technology advances so much that robots take care of themselves and us, that will free us of currency.

    If i want to go on a trip to Europe, i take the robot taxi get on a robot plane stay at a robot hotel eat robot made food and return all without paying a thing. Of course robot would have to outnumber humans by a thousand to one but we are getting there. The main problems would be energy to run the systems and what to do with that free time. Energy would have to come from nuclear sources. People would end up doing what we are designed to do. Invent, design, dream.