I get the history as to why we got to our current economic situations, but no one is arguing for a system that casts off current economic issues that are pushing humanity towards destruction. I’m not saying this can happen over night or even within our current life time, but it’s obvious that capitalism and even socialism has reached the end of their usefulness.
The idea that social structures have a “logical end” is pure hubris and have no basis on reality.
no
It really is the most efficient way to manage and trade scarce resources. Going back to a barter system wouldn’t be possible with the size and scope of a global economy.
Not until we reach a post-scarcity society.
We’re already there. The only thing preventing it is tribalism and the world oligarchs. We have the knowledge and capabilities, just not the willingness.
I’m not sure you know what post scarcity means.
Imagine a world where nobody needs to work, but everyone can still have any material desire filled at any time.
Think Star Trek. Unlimited energy resources, combined with replicators which use that endless energy to create unlimited stuff without any labor required.
It’s also important to note that a lot of that scarcity is artificial. Sure, we’re far from post scarcity, but strife is exacerbated by capitalist systems in all but the most privileged.
Hohoho we are very far from post scarcity. Read any newspaper.
The title and question are different, what exactly are you asking? I don’t see currency as a concept ever going away.
Their usefulness to whom
Humans are not known for solving problems on time
I’m quite curious to know what you mean by ‘usefulness’ in this context?
There’s actually no such thing as humanity without money; it’s as key to our collective cognition as language.
The Salish Tribes existed in the PacNW for over 13,000 years without money.
It’s pretty hard to imagine a way for groups of people with varying goals and interests to operate without some form of value exchange. This can either be barter, or some form of currency. Our specific kind of extractive capitalism based on creating endless cycles of debt and credit can certainly be replaced with any number of alternatives, but the idea of money itself is just too basic and useful to humans, imo.
As much as in the 70’s when folks said the same or the 40’s or at the turn of the century.
