A world without money.

[Reincarnate]

Originally Posted by mhss1992

What bothers me about money is that it's not directly proportional to the true value of things. As I see it, it creates lots of stupid and unnecessary limitations.

I think that things could still work better without an exchange system but with a different credit system. Like this: as a normal citizen, you would have access to basic stuff like food, water, school, etc. But with limitations. In order to gain more privileges, you'd have to work and, depending on the utility of your work (which would have to be debated) gain a certain ammount of credit that would be recorded in some database. However, this credit would not be exchangeable. It would lower if you committed crimes or stopped working for a long time, but would only increase if you kept working (since you wouldn't really exchange it for anything).

Everyone would be given the same opportunities. No one would be born rich or poor. The government would have to provide stuff for people until a certain age, before they needed to start working.

The only problem is that something like this would only work if a large enough independent group of countries decided to do the same.



I do know what you mean, but, still...

It's not a perfect system -- utility is a personalized concept, and prices reflect willingness/demand and its interplay with supply. The problem isn't with money though -- it's, differentiation of consumer demand profiles. I might be willing to exchange with you ten apples for your ten oranges, but someone else may want eleven or twelve -- others may not want anything from you at all. Therefore, the "value" of something is dependent on the market. Also throw into the mix the idea that identifying true value is not always easy. Our perception of value is oftentimes not perfect -- we don't always have all the information (and even when we do, it's hard to calculate), and our desires for additional profits pushes things further up the chain whenever we can get away with it.

Again though, this isn't a problem with money in itself, although problems CAN occur when you start ****ing with monetary policy (for instance, messing with the money supply over the long run and causing undesirable levels of inflation). Paying off your debts by simply printing more money doesn't necessarily SOLVE the underlying problem. It just buys you time.