Wednesday, August 16, 2023

What Would Be the Point of Money?

(Image created by A.I. DALL-E/Bing)

Governments are discussing ways to provide basic income. They understand that they’ll eventually be a need for this as all things productive will be handed over to various automated technologies.
When that day comes, what will even be the point of holding onto a monetary system? If money serves as a way to determine the value someone brings to society then what would be the purpose of it when the responsibility for production, or value, is handed over to automation?

We based our entire civilization on a system designed to encourage people to produce. If people are no longer required to produce then there’s no point to the system.

Intellectually speaking, we’re not ready for a system that would provide us with an excessive amount of leisure as we need goals in order to thrive. Money has provided us with a sense of purpose to the point that we can’t even imagine a world that wouldn’t require it to purchase something. How can we possibly “own” something without first exchanging dollars for it? 

We would need to learn how to live in this new world which isn’t something easy to do when you consider that we’re creatures of habits and we’ve carried this habit for millennias. Eventually, however, the new system would become the new normal.

No comments:

Post a Comment

Back to Top