the end of money -- further thoughts
Jul. 9th, 2004 11:19 amI've previously written that I think money will cease to be an important thing in the near future and that not long after it will largely disappear from mainstream society. As the very essence of scarcity, it would fall away as a butterfly sheds its ugly pupal shell. But I have been wondering... might it just adapt?
( look behind this cut-tag for my recap on why things are changing )
In a world no longer ruled by scarcity, money could become simply an indicator of an object's true worth as judged by each person. Any person could create as much much money as they wished and send it to an admired designer. It would be an indicator of worth in the eyes of others. You couldn't buy anything with it, at least not in the normal sense, but there wouldn't be any need to buy things anymore. I know it sounds strange, but it is easier to understand if you replace the word "money" with the word "credit", in the sense of giving someone credit for a job well done.
What a wonderful future to look forward to.
( look behind this cut-tag for my recap on why things are changing )
In a world no longer ruled by scarcity, money could become simply an indicator of an object's true worth as judged by each person. Any person could create as much much money as they wished and send it to an admired designer. It would be an indicator of worth in the eyes of others. You couldn't buy anything with it, at least not in the normal sense, but there wouldn't be any need to buy things anymore. I know it sounds strange, but it is easier to understand if you replace the word "money" with the word "credit", in the sense of giving someone credit for a job well done.
What a wonderful future to look forward to.