TED Conversations

Russell Richard

Piping Stress Analyst, Piping Stress Inc.

This conversation is closed. Start a new conversation
or join one »

How would an economic system not based on the acquisition of material wealth work?

The internet is essentially a machine that duplicates products without expending resources. It is a literal cornucopia of content products. The SOPA discussions are demonstrating that the old style economics of one-way distribution will not work for content companies in the present and future. But, what about everything else?

As we gather knowledge about the universe, we are able to create things with greater and greater ease. In the case of just about all content, we have gathered enough information to create a system that effectively generates product for no cost. There is also, usually, no profit - people make things because they want to.

Physical objects are more difficult to generate in this manner. We know this because it still takes effort and resources to make them. However, there may come a time when physical objects are created just as easily as content is created through the internet. What happens then?

What happens when we can no longer rely on profit from making things? How do we create an economic system that isn't based on acquiring material wealth?

+4
Share:

Showing single comment thread. View the full conversation.

  • Jan 31 2012: The Answer is to get rid of money altogether provide a resorced based economy. what would make people work? Beifit socitety and the world.

Showing single comment thread. View the full conversation.