The very existence of money in a system guarantees inequality

The very existence of money in a system guarantees inequality

2 min read
Published:
(3 years ago)
Updated:
(2 years ago)
A brief essay on why money is no longer needed in our modern society and how its very existence paves the road for inequality and suffering.

I'm excited to see more people planning for building next-generation cities like @CityofTelosa. 😄However, @MarcLore I cannot stress enough how important it is to eliminate the need for any money within the city, or you will be enabling inequality right from the onset!

Imagine if you could just snap your fingers and eliminate all money, and everyone immediately understood that instead of selling things to others people, you just gifted them. In this fictional scenario, let us imagine that that no one went nuts and tried to hoard things and we just all continued at our normal pace of buying things. So instead of buying bread, you would be given bread. Instead of selling your internet service to someone, you would just provide it for free. People would still work, but for instead of for money they would just work for the betterment of society.

In such a world, everything would operate as normal. Rivers would still flow, wind would still blow, electricity would be generated, products would be made, nothing would actually change. The world would go on, all without the stress of money and all the downsides that come with it. What's important to understand is that money isn't actually needed for society to run smoothly. It is really just part of an ancient system that has survived through the ages til today, and unfortunately it has been morphed by the forces of neoliberalism and narrow-thinking to something far more pernicious. Today, people who make the most money are those who tend to do the least work. There are people with more money than entire countries, while billions of people around the world languish and suffer for lack of it.

It's hard for the layperson to imagine a world without money, but it is not necessary in a world where technology has eliminated scarcity. In the past, human tribes may have had to fight over access to a river or a delicious strawberry patch, but now we can just desalinate ocean water with technology we have today. We can plant our own strawberry patch. The idea of scarcity and using money as a form of exchange to barter between different scarce goods no longer applies. There is unlimited energy because we know how to tap it (solar, wind, tidal, geothermal, etc.). There is unlimited food because we know how to grow it. There is unlimited education because we know how to share it freely and cheaply all around the world (the internet). Most of the things humans want are in abundant supply, so money just isn't needed any more. All it does it provide the means to generate inequality.

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