Kilkis wrote:Anything can act as money
Phild wrote:...We just all have to agree to do some work -...
Phild wrote:...Plus, work will consume less of our time, generally speaking, as we will not be required to 'over-produce' in order to inflate the pay-packets of bosses, shareholders, etc...
Post by Phild » Wed Aug 23, 2017 7:53 am
Good analysis, Warwick!
I'd just like to add the following:
Anything can act as money
...or, in fact, 'nothing'.
We just all have to agree to do some work - this can be much more flexible than the current system of work - we will all be able to change jobs whenever we like, do something that is our passion rather than the drudge work that many have to do to get through life. With increasing mechanisation, the drudge work will be done by machines, overlooked by people who actually like building, maintaining and overlooking machines.
Plus, work will consume less of our time, generally speaking, as we will not be required to 'over-produce' in order to inflate the pay-packets of bosses, shareholders, etc.
It's a win-win situation.
There are some caveats, of course, like with everything. Super-yacht builders will have to gift their yachts by the day, rather than selling them; and the waiting list for a day on a super-yacht will be loooong (and will include cleaning and re-stocking, etc - so it's not all going to be fun). Just as it will for people wanting what we now call high-value or 'luxury' items. We will not be able to own 'luxury' items, unless the producer gifts them to us (which is unlikely), but we will have access to them occasionally - where the level of 'luxury item' starts and ends depends largely on the technology of production, which incentivises people to boost technology and efficient production.
If you want to look into this concept further just google "moneyless society"
Peter W wrote:..........and then I woke up from this amazing dream.
Kilkis wrote: "Always" should be interpreted "as long as their are humans".
That's confirmed by the action of those currencies against the price of gold. The Euro price per kilo has been relatively static with very minor ups/downs while the kilo priced in pounds has been increasing overall and the USD price has been increasing even faster. Whether that's because the € is strengthening or the other two are weakening is anyone's guess and, maybe, all three are rising or falling together against a fourth currency.Kilkis wrote:Everything is relative in currency space. You are always comparing currency pairs and it is impossible to say if one currency is getting weaker or the other is getting stronger. A lot of analysts see the weakening £-€ exchange rate as being due more to a strengthening of the Euro.
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