Weāll always need money.
Letās choose the best form of money.
For quite some time, I was a fan of āThe Venus Projectā (
).
It envisions a future without war, military, crime, poverty, nation-states, and even without money.
How? In short, through technology and automation.
The key aspect was to get so efficient in everything we want to produce, that everything becomes free (as in āgratisā) and everyone can just pick up what they need at the next local store.
I always found this intriguing.
I liked the idea.
I could understand why we wanted to live in such a world.
Who wouldnāt want to get everything they need, for free?
But something didnāt add up.
I couldnāt point to it at that time.
Jacque Fresco, the founder, always seemed so sure about it. We donāt need a money.
But something bugged me.
Money is a tool.
Yes, our fiat money is broken.
Itās a broken tool. But a tool nonetheless.
What is it a tool for?
To store value, to transfer value. AND: to *measure* value.
Measuring value is a key aspect we often donāt understand well enough when it comes to money.
We donāt think of āmeasuring valueā when we āuseā money.
Not in the same sense as we measure length, for example.
Why?
Because the measuring tool, Fiat money, is broken.
It changes itās own ālengthā constantly.
We call it inflation.
Inflation hinders us to use the tool properly.
We constantly need to adjust to new units.
But we will always need to rely on a tool to measure value.
Even if everything is highly automated.
It can only become virtually free, but never *really* free.
We live on a planet with finite resources.
Even if we can produce anything through automation and donāt require costly human labor anymore, we will be bound to the constraints of a finite planet and itās finite resources.
Many things may become ādirt cheapā, yes.
We may even consider it virtually free because itās so cheap to, say, even buy/rent transportation.
But it canāt become totally free.
High automation combined with finite resources will require us to put a price on any resource we want to consume.
The free market mechanism need to be able to work.
If a once abundant resource becomes scarce, its price needs to rise.
If it wouldnāt rise, weād exhaust the resource completely.
The price needs to rise.
Weāll always need a money.
As such, we need to use the best money there is.
If weād still use Fiat money, the ones with the money printer will end up consuming all resource until thereās nothing left, just because they can pay any price theyāre asked.
Weāll always need a money.
Letās use a tool capable to *measure* value.
Letās use a tool with constant units.
21 million. Never more.
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The Venus Project is a non-profit organization that presents a new socio-economic model utilizing science and technology toward social betterment t...