Money For Free – Money In a Resource Based Economy

The title of this article implies that we all want money for nothing. Money for free. Is this what a resource based economy will be like? Money for free? Yes, RBE implies a moneyless society, where everything is given freely. But, will this not only create laziness among it’s people? many ask. And rightfully so. If one look at today’s socialistic societies that pay out unemployment benefits to the unemployed, many of the unemployed get lazy and say ‘no thanks’ to jobs that foreigners take gladly.

So, the question is, ‘can we have money in a resource based society’? This might sound contrary to what a resource based economy is about, but in my opinion, the answer is ‘yes’. Because it is not moony itself that has led us into the trouble the planet is in today. I wouldn’t say it is human greed, either, although it plays it’s part. The reason we are in this mess is a war on the human race put together by a very few number of people. A war with the attempt to control the whole of humanity. Since most humans were not prepared for this, they have been easy to lead by the people who wanted to control them. But, more about this in another article.

Money is possible, and probably even needed, in a resource based economy. The reason is because we need an incentive system. We need something that can measure the amount of labor and energy used in an endeavor. Even though we will develop technology to do most of today’s labor tasks, humans still want to DO stuff. Most people don’t like to be idle every day. Creativity and curiosity will not die, and when someone produces something, be it a painting, good tasting carrots or a dance performance, it is only natural to get something back for it.

When this is said, it has to be emphasized that the money in RBE can not be ANYTHING like the money system we have today. What we CAN have, is a money system without banks, loans, interest, debt or the like, but with a currency that can be exchanged for products. In RBE we can have ‘most things for free’, but for anything ‘extra’ we would have to pay from the money we have earned through the contributions we have made to society. When I say ‘most things’, I mean all the basic things that a person need, like housing, clothing, food, transportation, communication, energy and health care. And these things doesn’t have to be of any low quality, no, they can, and will, be of the best quality possible, because this will be in every ones interest.

This can still be called ‘a resource based economy’, because money is not what makes us take care of our resources or not, humans is the ones taking care of the resources. With or without money, resources can still be depleted, or, they can be managed well. So, in a resource based economy with money, the emphasis is still on the resources, rather than the money. It is still about taking care of this planet and all it’s inhabitants, sharing resources equally.

The money in RBE will be used as an incentive system, giving ‘points’ to people who contribute extra, and to make it possible to get more of one particular thing one might want. A resource based economy is a concept difficult to imagine compared to the world we have today, where many are struggling to make ends meet, while others are bathing in money. A radical shift of values and awareness is needed in any case, and picturing RBE with money might be easier for the moment than picturing it without.

2 thoughts on “Money For Free – Money In a Resource Based Economy

  1. Creating supply and demand for creativity and innovation is good but there are a couple major challenges I see here.

    First, you have to ensure that money lending on interest (ie. banks and money sharks) and money for needs (ie. a new critical medicine) is deemed illegal. This isn’t impossible, but would require a very ethical legal system that can’t be manipulated or controlled.

    Second, how will money be issued and initially supplied? What is this new form of money backed by? And who controls the supply? If it’s backed by a tangible item such as gold, then the physical item becomes a target for competitive hoarding which is counter-intuitive to a creative and innovation incentive that benefits society. Let’s assume its a digital currency system that a public enterprise manages. How much money will be supplied and to whom? If it’s equal, there will naturally be a concentration of money towards the innovators and creators in society. Without loans, how will creativity and innovation be rewarded when the majority of the public don’t have enough money left to spend on the “wants”? This is where the incentive ecosystem hits a down curve (or innovation depression).

    There’s only two ways that the human mind will output innovation & creativity that will benefit many, and they both require a major change in the psychology of humans rather than an economic mechanism:

    1. Those that are capable of innovating and creating for common good are accepting the fact that they remain on an equal economic status of everyone else, but take satisfaction in helping light the way to a more productive and fruitful society.

    2. Given free time and less economic pressures, the majority of humans level out in intelligence and creativity in order to create a very balanced ecosystem of innovative output that would allow for a thriving monetary/incentive trade between creator and customer.

    Whatever the outcome will be, it needs open study and discussions to harbor a better system, and we need to do that now.

  2. The above article is one of the few ones which tackles just a bit the problem of the balance of demand and supply. If we assume that in this future society based upon RBE any human being should be free in its choice to follow his hobbies and creative adventures there must be a feedback established between demand and supply. So everything outside the basic necessities is something which cannot be planned like the basic things. Still all extra demanded production needs research, resource-optimized design, investment in production facilities and distribution to the clients. Now if the desired product needs a lot of resources, then of course, in such a society the “price” for it would become quite high, which would in turn limit the demand. Without the price tag we would experience again the phenomenon of unlimited growth. Feedback is essential for any complex system with many degrees of freedom. Therefore “money” as suggested in the above article is really a necessity.
    I feel that every aspect of such a future society must be discussed and researched into, in order to arrive at practical solutions. One example: Would we have still private companies? Or would we all work in a world of social enterprises belonging to humanity as a whole, where each participant would have only a personal income in relation to his capacity and contribution and where all “profit” of the enterprise would automatically go to the common fund?
    I think we should ask many particular questions about this new society and its RBE, otherwise we will not be able to materialise it at all.

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