In the previous instalment of “Money – do we need it?” a few questions were raised concerning the ongoing coronavirus pandemic sweeping the world.
We ended up questioning whether perhaps a re-evaluation of money’s importance and reason for existing is in order, and discussed two opposing viewpoints that lay at the very foundation of modern economic theory (or science, as they dared to call it): Keynes and Hayek.
We looked at how we might rebuild or save the almost sure-to-be damaged, present world economy: either by funding its recovery or by letting it collapse.
In the end we touched upon the present situation potentially being the perfect moment to create a money-free society and explored a roadmap for getting there, along with any alternatives we may have.
So, why is money so desirable?
Why indeed, if not because it’s the only means available to obtain resources (either brute materials, like food, or something made out of them, like clothing or shelter).
That’s how limited wanting is, to answer our question from the previous article. The more resources we already have, the more we can go on to acquire, which shows us that the game is, as it were, rigged from the start.
As one of the basic foundations of the present social model dictates – whoever starts with more resources usually wins. However, our world is growing more and more diverse, globalised and interdependent, which increases the potential damage of each new crisis.
What if we could do without our dependence on money when it comes to obtaining the resources we all need? What would you do after lock-down, when the world reopens, if you didn’t need to earn money for rent, mortgage, bills or anything else?
Time for a change?
What I propose we need is a resource-based society, for example like the one envisioned by futurist and social engineer Jacques Fresco, who created the Venus Project.
As an introduction to this potentially revolutionary idea, I recommend you watch the documentary linked below. It’s only an hour and 30 minutes long, but manages to cover a staggering range of topics, offering plenty of food for thought and some surprising solutions to the problems society currently faces.
How and where I and others agree with experts on the topic is what I’d like to explore in our next instalment of “Money – do we need it?”. Stay tuned.
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