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Friday 14 September 2012

Is There a Future for money?

In our digital age, where banks and in some cases nations fail through reckless monetary spending and policies, it seems which our monetary system is becoming the big elephant inside the room, yes even obsolete. Automation replacing humans seems to be one of the fundamental contradiction of capitalism and would be the demise of the system itself leaving the looming chance for fascism or military dictatorship to arise and flourish if we fail to arrive at any alternatives.

While some believe taking us back towards the gold standard will fix factors, and others believe that debt forgiveness will be the solution, we hear talks with regards to access/resource based economies, where we simply declare all of Earth's resources as the typical heritage of mankind and make goods and services available to all without the application of money, credits, barter or another system of debt or servitude, by way of technological abundance.

In fact, let's rephrase the question. At what point in the foreseeable future do you think that our technology will make automated systems possible and allow us to go out of a monetary technique?

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