The Monetary System Has Failed

· 55 Comments · In Challenges, Chitchat, Lifestyle, Strategies

Our monetary system has failed. Game over.

Most of the problems and misalignments in our world today exist because of money.

Think about it… Get rid of the monetary system and you eradicate most issues. Only a very small percentage of privileged people, those who know how to play the game efficiently, benefit from this monetary system that has been established at one point in history.

At its core, though, this ancient, destructive, ego-driven system of currency, exchange, power, politics, and getting paid for things is based on fear instead of love—doomed to failure.

What would people do if they would not receive money for, or a monetary benefit from, the things they know and do? Some say money wouldn’t bring happiness. Why then do millions and millions of people suffer so horribly on our planet? At the same time there are others who watch this with the intention of retaining the status quo, due to money and the fear of loss.

What would you do if you would get the things you need and desire, without the need for receiving money for anything? Would you still do the same work you do now? Would you still lie and cheat? Would you still give the impression of being someone that you actually aren’t and doing things that you actually don’t do? Would you still be together with the same person? Would you still hurt people (and, in turn, hurt yourself)?

I think that most of these negative emotions and destructive behaviors are due to the monetary system on planet earth. And when you get rid of it you eliminate fearful and harmful behavior at the same time.

We need a new system that benefits all equally, all 7 billion of us.

Here’s part of my vision for a better world in which most, if not all, people would benefit greatly and enjoy a good and better life.

  • No more money.
  • No money = no more crime.
  • No money = no more wars.
  • No money = no more poverty.
  • No more competitive, egocentric, better-than-thou thinking & attitudes.
  • Prosperity is shared equally among all. We don’t work for one person or one company or one government. Instead, every individual works for the prosperity and well-being of all 7 billion people on our planet at the same time.
  • People still work, but everyone is being compensated or rewarded equally—solely based on the amount of hours contributed to the local, national, and global community.
  • With this substantial change comes an elevated awareness of one-consciousness.
  • Life is filled with, and based on, affinity and harmony.
  • Decisions are lead by unconditional love.

Now, some might be wondering how we could possibly survive without money. How would we get food and something to drink, for example? What about shelter? How could we “afford” that new gadget, car, dress, dinner when money doesn’t exist anymore?

I am confident that we are smart enough to figure these kind of things out. As a matter of fact, we do that already every single day. Our planet exists, survives, and thrives because of us.

Living in a world without money.

Without money, we would still continue to do the things we already do, or, even better, do what we love to do.

How exactly could this work out? Hmm, perhaps with some sort of a collective reward system from the community? Like the “thumbs up” way of approval you see on social platforms—where good and truly beneficial things are being evaluated, valued, and approved by the collective wisdom.

These types of approvals could be on papers, ID cards, websites, whatever.

As far as such a collective reward system is concerned, I can imagine 4 – 8 “levels” here, according to the amount of hours contributed (one “level” per hour per day). Those who don’t work would receive (nonetheless good) primary care, whereas those who spent 4 – 8 hours per day working for the prosperity and well-being of all would receive (i.e., could “order”) whatever they desire. Then the other levels in-between.

You think that people would get lazy and stop working? Think again…

People have desires. Although guaranteeing survival, we want more than the basic stuff and primary care. So we’ll continue working in order to enjoy a better lifestyle (travel, a better car, electronics, jewelry, certain clothes, bigger homes, help, services, etc.). And because we’re being rewarded equally, our motivation rises.

Why a maximum of 8 levels? This is to prevent the craziness that’s going on right now, with just a handful of smart or lucky millionaires & billionaires on one hand and an insane amount of people who can’t afford simple basic stuff on the other.

By the way, I don’t think that there would be a need for yet another political control mechanism for this type of system. What I do think is that the local, national, and global community enlarge would manage itself quite well—much better than certain people fear. ;-)

Let’s use a real-world example.

Do you like fresh bread in the morning? The baker continues to prepare fresh bread because he still wants to, not only see your happy smile when you pick up your bread, but also receive your approval for that he did a good job. And the truck driver will continue to deliver the goods necessary to prepare fresh bread as he wants the local community to thrive and be well, as well as receive the collective approval for doing a good job so that he can order/receive the things he desires. Similarly, the truck driver will still receive the gas (from the gas station) necessary to drive his truck, and support from car mechanics. And on it goes…

Folks would receive approval from the community for doing a good job and helping everyone to thrive. As a result, they can order the things they desire, according to the hours contributed—without any monetary exchanges.

No more differentiation.

I see no differences anymore in terms of the amount of reward one receives per hour of work. You spend one hour doing something for the local, national, and/or global community? You get the same amount of approval and prosperity—no matter where you live, which skin color you have, which language you speak, which education you received, which relationships you maintain, which people you know, your ability—or inability—to communicate and persuade, etc.

For example, the maid who’ll spent 5 hours cleaning my home tomorrow would enjoy the same level of prosperity than a boss of a big corporation who spent 5 hours in a meeting. Seeing this with the ancient way of life, the boss of the corporation would still have the same lifestyle (more or less), but for the maid it would mean a substantially better lifestyle—elevated to that of the boss.

The nurse who saved the life of two people would receive the same amount than the person who manages the hospital.

The guy who keeps a city’s streets neat and clean would receive the same amount than the city’s major.

The guys and girls who prepare and serve food in a restaurant would receive the same amount than the owner of the establishment.

Isn’t it amazing what that would lead us to?

No more political restrictions and borders.

I further see country borders vanish. Again, no money = no crime. Due to the elevated prosperity among all and the eradication of the monetary system, there would be no need anymore to politically “control” and “protect” stuff.

Heightened productivity.

With that being said, I think we can spend 50% less time working and still have the same amount, if not more, prosperity and well-being on our planet. If you look at it, most people that work in a 9 – 5 job environment are not that productive anyway, knowing that they only get a very small share of what they actually contribute time-wise. They could deliver the same amount of work in half the time, with more fun at work—knowing that what they do is for the greater good, for the expansion of their own prosperity and well-being as well as that of the local, national, and global community—rather than just for one person or a select few privileged.

If you still think that people would simply get lazy and fake things, again, I don’t think so. The local, national, and/or global community would notice it and point it out accordingly (lovingly & supportively, though). In addition, because prosperity is shared equally among all, the desire for pressure and cheating vanishes.

Again, remove fear from the equation and start to truly love and trust.

Raised motivation.

That being said, whatever we do we do it not just for a select few smart people but for all 7 billion. Don’t you think that this alone would give us a huge boost in motivation and productivity?

I do think so.

Also, as you can’t control (at least not for very long) the way someone lives his or her life (for example, you don’t like the way someone leads a company or country), removing the monetary system would automatically alter someone’s attitude and behavior to one that serves the good for all. Because, once you eliminate money, what is left?

The things one wholeheartedly wishes and desires.

Conclusion.

I hope & wish that we eradicate the ancient and destructive monetary system sooner rather than later; that we head towards oneness; that everyone enjoys a prosperous lifestyle on our planet; that we help and contribute to the local, national, and global community and benefit from it equally—without money, fears, lies, egocentricity, and laws, but with altruism, harmony, honesty, prosperity, trust, and unconditional love.

By the way, recent studies show that by sharing the currently available wealth equally across the planet, everyone would essentially be a millionaire (that is, in the outdated monetary system). However, since most people would or could not keep those millions of money, we need a new system in place that guarantees long-lasting welfare for all.

Our planet enlarge already does prosper, the wealth is just unfairly and unequally shared.

I very welcome the phase of time we are currently in. If you are fearful, don’t be. Trust in the good in humanity. Everything will work out well for everybody, including you. People will not stop working. Remember, we need each other.

Welcome changes. Applaud the demolition of the monetary system as it will bring us a much better, more beneficial system with infinite, equal possibilities for everyone.

Life is supposed to be fun, right? So let’s establish a system that ensures a fun experience for everyone. I’m so ready for it.

I barely scratched the surface here, though, and I’m open for more ideas from, um, the global community. :-)

—Marcus Hochstadt

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  • Pete

    You can’t have an econonmy without some kind of “money”. Otherwise we would be back in the stone age, trading goods against each other. It’s not money that’s evil, it is treating money as if it were a product onto itself that is evil. Then you get the stock market, derivatives, securitisation, etc. that does not produce anything useful, but instead produces crises and shocks that damage the real economy.

    • http://www.hochstadt.com/ Marcus Hochstadt

      That’s why I spoke about another reward system, one that’s based on the amount of hours contributed and, thus, benefits everyone equally. It’s been proven that the current monetary system failed miserably in that regard.

    • http://www.facebook.com/people/Lorraine-CyrLongmire/100001355718119 Lorraine CyrLongmire

      What you wrote is the exact reason why we need to get rid of the money system. Humans have been abusing it in all sorts of ways.

  • http://www.copywritingdean.com/ Stephen Dean

    Money IS a reward system. It’s a way to keep score of how much you’ve contributed to others.  If you mow your neighbor’s lawn for $10, then you gave $10 worth of productivity and you now have a simple way to claim $10 worth of productivity from someone else.

    Money came about to make these types of transactions easy. So that no one has to trade half a live cow for a pound of sugar.

    Where our monetary systems fail is when governments get involved via central banks. They can create money out of nothing, which is an obvious way of counterfeiting the “productivity” or value that money represents. They then literally add money to the accounts of people they choose. Or they add cheap money to the system where large banks  can borrow the money first and profit from it… before the system fully absorbs the extra money and responds with inflation.  That means some rich folks benefit while the average persons savings and wages/income is decreased.

    This is all terrible. But it’s a condemnation of central banks, not of money.

    Money is an important tool for allocating resources in an economy. It helps create prices, which contains valuable information that helps distribute resources to their best uses.

    You get rid of money and you’ll have poverty for all.
    A social reward system? That wouldn’t take in to account that some things are more valuable to one individual than they are to another.  It’s important that individuals are allowed to judge for themselves how valuable things are, because that’s how prices form. 

    Money’s not the problem. Central banks are the problem.

    • http://www.hochstadt.com/ Marcus Hochstadt

      It does keep score, somewhat, but this unevenly and unfairly. Here’s one of many examples:

      How can it be that someone spent an enormous amount of hours helping people in an online forum to be more successful, have a better live, learn how to do something, etc., etc., that such a person is not being rewarded properly as far as a monetary reward is concerned? Even more so, thousands of people (i.e., members and visitors to/of that forum) benefit from the contribution of that single person, yet, still, s/he doesn’t receive a single cent from it?

      See? Something is substantially wrong at the core of this system, hence my vision for a completely new one.

      When you get rid of money you do not have poverty at all. Think about it… How will you get the goods you desire? Just like today, you gotta do something, right? And preferably spend a certain amount of HOURS—not money—contributing to the success, welfare, and well-being of all.

      Again, when you share the wealth equally and establish an entirely new rewarding system—one that can’t be cheated anymore—most, if not all, people will benefit from it greatly.

      As far as letting people judge for themselves what’s valuable for them and what not, that’s exactly what such a community-driven, social reward system would ensure. In contrast, the current monetary system does not allow you that—or at least, it’s very limiting.

      For example, I would love to be able to give a LOT more people a job. But I can’t. Why? Because I don’t have the money…

      • http://www.copywritingdean.com/ Stephen Dean

        Money is a much better way than “hours” to keep track of the value a person has added.  If a doctor works 10 hours and a guy on an Internet forum works 10 hours… they may have worked the same amount of time but they have not provided the same amount of value. If they had, what incentive would there be for anyone to attain the skills to be a doctor when they could just sit on an Internet forum and spout opinions all day?

        Money and prices in a free market provides the proper incentives for people to develop their strengths and go to work on jobs where they’re the most productive.  That’s extremely valuable to a society. If the best scientist never became a scientist because he could get by just picking grapes or something, society would be less off.

        And if people are putting in long hours of work and are not getting paid properly, then they should highly consider stopping immediately and moving to a task where someone is willing to pay.  Because the fact that no one is willing to pay for what you’re doing is a sign that there’s something more valuable that you could be doing to help society.  Do the things people are willing to pay for.  Money and prices move people towards what is most beneficial for everyone.

        For example, I might be helping some people with my post right now. But most people know the best use of my time would be putting my best skills to work.  If I just sat here and talked to people all day I might feel fulfilled, but society would be less off.  Money keeps me attentive to my skilled work.

        Now if you’re doing work out of goodwill or charity, you can decide it’s worth it to keep at the task even if you’re not being paid well.  But you need to be able to afford the charity or find people to finance you, or again, it may not be as beneficial as you think.

        Also, hiring people benefits the employer. Anyone would love to have the money to give someone a job, because they’d make money from their employees work!  But you have to work yourself first and build up capital to be able to hire people. That’s also a good thing, because then you’re risking your capital on whatever given task – and thus are more likely to make a better decision about which productive tasks to assign.
        Money is a fantastic way to allocate resources, when it’s not fiat money.  Maybe you’re just proposing a new monetary system and are mistakenly criticizing “money” when you should be criticizing fiat money.  Fiat money is  created out of thin air by elites, and so it benefits them at the expense of everyone else. That was not the case when money was good as gold. 

        • http://www.hochstadt.com/ Marcus Hochstadt

          I know where you’re coming from, Stephen, I used to think that way too. ;-)

          It’s the typical competitive, egocentric, better-than-thou thinking & behavior ultimately caused by this monetary system. Speaking of one’s own return on investment, making profits, increasing sales, lowering expenses, persuade, MWR, CTR…

          Blah blah blah, the game is over. The time has come for something much, much better.

          For some people it’ll be tough to let go of the old paradigm and accept—and support—a completely new one where everyone “wins.”

          • http://www.copywritingdean.com/ Stephen Dean

            LOL. Well if you used to think that way, then maybe I’m just not smart enough yet.

            But I don’t think you did used to think that way, or you’d describe it as a system of checks and balances and win-win transactions that has led to more prosperity than the world has ever seen.

            It’s fitting that you describe a society where everyone works for everyone and no one works for themselves on American Thanksgiving. There’s a story we retell in America about the first pilgrims from the Mayflower and how they almost starved to death following that system. When they instead switched to property rights and allowed people to keep the fruits of their labor, they flourished.

            http://lewrockwell.com/orig10/maybury1.1.1.html

            Your system dismisses the idea of working to better one’s own position as selfish, or egoist or even an “I’m better than you” attitude.  But all it really is, is you get what you work for.  That is a fair system and one most people gladly accept. 

            Fiat money has failed. “Money” most certainly has not.

    • http://www.addvalue.com.au/ personalised items

      I agree. The system’s being run inaccurately; thus, producing massive negative economic efffects. It’s not really the money which is the problem.

  • Fxcoaching

    Your vision sounds a lot like communism. People trade as an instinct. Without trade and money you get free riders. I say eradicate welfare and put the people on welfare into massive state owned enterprises. I also think banks should be accountable for their losses.

  • http://www.horses-walters.com Don

    I’m not a communist.  However, when I read The Communist Manifesto years ago, I remember thinking that Marx & Engels had written a poem, a song of the human spirit.  It’s a wonderful idea they had of everyone working together for the common good.  It’s utopian, and of course, that’s the problem.  Utopias don’t work, for many reasons.

    As an economic system, communism was/is opposed to private ownership of property, which is dear to the heart of capitalism.  But money, as such, is a significant element in both systems.

    Marcus’s article is a tremendous contribution to the views on today’s monetary & economic problems.  It’s a bit idealistic, bordering on utopian, but a valuable steppingstone in the search for solutions.  It’s obvious he’s invested considerable time and thought in the subject.

    • http://www.hochstadt.com/ Marcus Hochstadt

      Thank you, Don. :-)

  • http://www.copywritingdean.com/ Stephen Dean

    They did during the US housing crisis.  But the central bank does set the reserve requirement for the commercial banks, so it’s their doing.

  • http://www.hochstadt.com/ Marcus Hochstadt

    Very interesting content in that video, Martin!

  • Clinton Barnett

    It’s obvious that the monetary system is a crutch that we have used for a long time. The problem with ridding ourselves of this is our society. It won’t happen in a very short span. It will take generations of work to progress. Our generation is too attached to the monetary system. I have had the idea that money needed to be gone for many years now. It will take a small system in place to slowly win people over. The utopia that has failed in the past was just one path taken. If a non-monetary system is to last it’ll take generations to implement properly. Behavioral changes will need to take place as well. We are brought up from birth to think we have to work our butts off just to have something; so, it is going to seem like an impossible task.

    Marcus is on the right path, it may not be the exact model to take; however, it is ideas like this that lead to better ideas. You can’t build on an idea without something to start from. Don’t fear a plan like this. Chances are your lifetime won’t see it. We can only hope our ideas are eventually built upon and implemented.

    • http://www.hochstadt.com/ Marcus Hochstadt

      Hmm… I don’t think it’s an utopia, nor that it’ll take that long. It can become very real very soon if we just let it happen and trust that all will be well, even better than before. Much better.

      Many people, however, are afraid of the unknown and fear that they will have less than today.  That’s because we are so sucked into this destructive monetary system that one thinks that this is the only way to survive on planet Earth.

      It’s not. It’s beneficial for a select view and humiliates the rest of us.

      Imagine the political and economical system goes bankrupt worldwide, initiated by the outage of one large economy (I’m talking about one of the Big 7) that pulls down other big economies. And then the rest follows naturally.

      This could happen in a couple months or even weeks from now.

      It is something to applaud and welcome, not fear.

      We people would not go down because we know how to do the things we do and love to do. In other words, if you think about it, we don’t need money to do the things we do.

      This is the 21st century. We can do much better than that.

  • http://www.addvalue.com.au/ branded items

    No money = no more crime.some how I disagree with this formula or theory. Since people get like a war freak when they ran out of money. Robbers even commit crime and steal from banks because they don’t have money. 

    • http://www.hochstadt.com/ Marcus Hochstadt

      And there’s the crux in your “disagreement.” Ask yourself why these kind of things happen and you’ll come to the conclusion that it is because of money and money only. ;-)

  • http://www.addvalue.com.au/ branded items

    Marcus,
    I don’t think a country’s economy will be any successful without any type of monetary system.  I don’t believe that money makes people harbor evil thoughts.   I think that money is a need  in order to survive our everyday life because it is part of the big picture.  Money may not really make the world go round, but perhaps it helps push it into moving :)

    • http://www.hochstadt.com/ Marcus Hochstadt

      It’s not a need. We know how to do the things we do every day, and, if you think about it, we really don’t need money to do these things.

  • http://www.addvalue.com.au/ Candsmedina

    Back to the time when people were just trading and there was no monetary system. I agree there was a least number of crimes. Well, there must be something there holding the economy together. Some people just can’t handle money and responsibilities it’s entailed with; thus, these bad things happen.

  • Anonymous

    I agree. The system’s being run inaccurately; thus, producing massive negative economic effect.Since people get like a war freak when they ran out of money.

    • http://www.addvalue.com.au/ logo items

      It’s really not the monetary system but the use of money is the culprit. Top it off with graft and corruption. These people in positions sometimes get lured by money; therefore, they commit and produce crimes everywhere.

      • http://www.hochstadt.com/ Marcus Hochstadt

        See? Remove the money and you remove crime.

  • custom items

    Reading you article make me imagine what it was like during stone age. During those time we only have few people living in a certain area and the supplies are adequate for everybody. But you know we progressed. Lacking funds means that we are moving forward for me because we are aiming for something better. Just a thought.

    • http://www.hochstadt.com/ Marcus Hochstadt

      I can understand that some people compare this concept with something in the past, even so far as the stone age.

      We’re not in the stone age, and we’re much more intelligent and developed than we were in the stone age. So it’s really not about going back but rather moving forward to something much better and more beneficial for the good of all.

  • branded items

    No money hmm. It’s a nice thought but how. Your post is like listening to the song “Imagine”.   I don’t think that the money is the problem but more of the people who’s managing it. I dont think we can go back to that life again.

    • http://www.hochstadt.com/ Marcus Hochstadt

      It’s not “back to” but rather a change to something entirely new. Read my article again to get a better understanding.

      Oh, and please stop using my blog for SEO, or I’ll disapprove future comments from you. ;-) Thanks.

  • Anonymous

    I agree with you.Your vision sounds a lot like communism. People trade as an instinct. Without trade and money you get free riders.

    • Costy21

      I see that you like to put tags…”communism”. This is not about politics. The communists used banks and army to protect their establishment. You say “free riders’ because of our value system that we’ve been educated by the marketing structures…a really powerful psychological weapon. As the current system is shaking to it’s roots a transition period towards an improved system will take some time. A resource based economy is ideal. The length of this transition is quite difficult to predict.  The people in charge with the current one will try to protect it….even… using force and hide the attacks under some moral values. It will be what it will be and I hope the energy, food & water supplies and ecosystem will not suffer, otherwise a large number of the population will go down together with the current monetary system.

  • Fadzli Halim

    I am agree that money are the caused of crimes and other evil things happening around us. That’s is because we are human and we have desire. In my opinion, if we get rid of the monetary system there still will be a crime but it will be decrease. 

    Monetary is our economic system but the problem is that we are using a paper as a money in our system. Where the paper itself is no value in it. Human should use a commodity which having a value in it as a medium in our economic system. 

    I read most of the comments and someone down there is saying that the banks are printing the money to stabilize the economy and they think it can be solve. We cannot blame the banks because the banks also is managed by a human. And a human turns to followed their desire or lust to achieved their objective. 

    Gold, silver and precious metals are not the only commodities that we can use in our economic system. Oats, barley, rice, salt and other food that having a good life time and not rot also can be use in our daily trading systems. This is more suitable for a small trade in the market. The precious metals can be used to trade on the high value stuffs. But we can not use animals as the trading currencies because animal dies.

    Let’s look at the fact in our history. What was the value in 1970 for one ounce of gold? What can you get with that value in 1970? 01 ounce of gold in 1970 was at USD35. With USD35 a young married couples can easily manage their economy for a month. How about 2012? 01 once of gold on 07th January 2012 is trade at USD1612. I believe a young married couples in 2012 also still can manage their daily life with that income. The same 01 ounce of gold is having the same value from 1970 to 2012 while USD35 is 97.8% decrease its value if someone keep its dollar instead of gold from 1970 to 2012. Now let’s investigate how much the crime rate increase from 1970 to 2012. You can take your nearest big city as an example. Is it the rate increase proportionally with the decreasing value of our money?

    It should be a medium in our economic system but it is 100% not the paper or electronic money. Because it can be easily create and manipulate by human where 7 billion of us are having our own desire. 

  • http://www.lemback.com/ Marlene

    I find this post both inspiring and intriguing.  I’m not sure if we really can survive without money as it’s becoming the basis of existence. I remember when I was little when exchanging goods and clothes were common in my village. But then money was also an issue because how can one buy clothes without money then. Now, money is some kind of a reward, too, because we get a job and we get money by working. People’s need of money differs in many ways. The more luxurious we live, the higher expenses we create thus more need of money. 

  • http://www.hochstadt.com/ Marcus Hochstadt

    I’ve heard of the Venus Project before, and I even have a drawing course by Jacque Fresco. Very interesting!

  • PR

    Under socialism we had (USSR after Stalin until the socalled “freedom of capitalism /perestroika) virtually no jails in towns of 500k and more.

    We didn’t lock our doors.
    Women were bosses of entire factories back in the 1960′s.
    We didn’t have sexism so to speak (every school we sat girl,boy,girl boy)
    Bosses/Managers lived in the same buildings with similar flats.
    There was no homeless (until capitalism came)
    Divorce? What divorce?
    The whole neighborhood got together (social bond) to clean the neighborhood we all lived in. (Everyone!)
    No unemployment.
    Health care for all.

    We knew everyone, and stayed out until midnight sometimes without parental supervision, because there was no worry of sexual pedophiles/rapists etc.

    I really believe people have been brainwashed by ‘education’ about all the so-called ‘benefits’ of capitalism.

    Shows you the power of propaganda.

  • PR

    The problem with capitalism is that it is by it’s nature a ‘skimming’ of value system.

    Capitalism (because of competition) always is a downward pressure on:
    Workers wages & benefits
    Production costs & values

    The producers/benefactors in a consumptive society skim value, but rarely 
    introducing the supposed benefit of capitalism (ingenuity).

    CEO’s ingenuity consists of the following things:

    Cutting wages and benefits
    Cooking the books, to acquire more investment by newcomers
    Corporate socialism on the backs of the workers/taxpayers
    Hyping inferior products that have been designed for ‘planned obsolescence’
    Buying companies and liquidating their assets while posting profits for additional outside investment
    Moving  jobs to the countries that give them a tax shelter and slave labor wage workers.

    Not a real rewarding life for workers, unless they get that debt slavery education that boosts them up a few points in salary.

  • http://www.facebook.com/people/April-Atkins/100002557175252 April Atkins

     Our greed based health insurance system leaves millions uninsured and vulnerable to a life of poor health. Everyone has the right to a standard of living adequate for the health and well-being of oneself and one’s family, including food, clothing, housing, and medical care. The Universal Declaration of Human Rights, adopted by the United Nations in 1948, Health care should be human right; however, now healthcare is being sold as goods, and the poor cannot afford to get treated when they are sick. Instead, insurance companies profit at the expense of those who cannot afford coverage and are neglected in our system which has failed to solve the problem of adequate health care distribution.

  • http://guymanningham.com Guy Manningham

    Most of this can be linked to us getting away from the Gold Standard. As it stands right now, our money isn’t worth the paper it’s printed on.

  • http://www.lazycash44.com/ Elisa Kelsey

    World without money? Hope you are joking, ok it was possible in 100 d.c. maybe, even if at that time all worked perfectly, but now there is a huge differentiation and nobody would like something like this.. nobody means, powerful people of course.

    Instead a good idea would be to have same currency over the world, but also this would not be possible before 100-500 years. But I’m sure that it will happen.. as universal language will be teached in less than 100 years.
    Trust a fan of Story ;)
    Regards LazyCash44.comELISA

  • http://www.lazycash44.com/ Elisa Kelsey

    and i would add that after reading i agree with @Rick herns

  • http://www.igcent.com/ Crysis 3

    The economy is going down.

  • http://www.tureinbangladesh.wordpress.com/ Tausifatabassum

    It’s common knowledge that central banks hardly create money these days.
    It’s commercial banks who create money by giving out credits.

  • http://www.ukash-tr.com/ UKASH

     It’s a wonderful idea they had of everyone working together for the common good.  It’s utopian, and of course, that’s the problem.

  • Fuzionman

    Change the human heart and evolve the human brain and maybe, just maybe the monetary system will disappear.  Human beings are fundamentally, evil and corrupt at their very core.  This is more I think a result of the environment of scarcity that has existed since the dawn of time….we’re made to be that way.  Technological advancement has made resource scarcity obsolete.  This leaves a huge cultural lag that will take years to adapt to.

  • http://www.jobsnigerian.com/ onos clinton

    Interesting school of thought analyzed here. i had a good time reading through. 

  • http://www.lowbudget-pharmacy.com/ Ivana

    Now commercial banks create money by giving out credits…

  • N Honza

    Hello thank you for writing this article.I have read the entire article and most of the comments my view on this is most of the readers here don’t understand the history of the monetary system.The problem we are now facing is nothing new it has happen in the past of our economic system we have used in our history.The problem is we are not learning from our economic history we are just repeating the same problems but just on a larger scale.I see in the future ww3 because of our economic system.Yes ! It is corruption of our governments of banks to world ruling families that are the ones to blame for.But the core of the problem is the system its self not the people behind the  problem that is a fact many do not want to accept. Now in our days if you have an ideal for a new system that promotes resourced based economy a system that is radical then its most the person/persons/society will say thats just again communism a utopia bla bla bla.Our history is well written of fears in our time capitalism is good socialism is some what good communism is evil and any sort of utopia is evil.The best part of all is that all of the systems i have mention or all of the systems that have been tryed in your history are all systems that work to archive capital are all monetary systems !To archive a better world you first have to change the society the mentality of the society that is the first step to world change.

    Who controls the education system controls the state and the upcoming state a quote most of you should know.

    My mentor is Jacque Fresco from the The Venus Project and i am proud to say this and myself of course.
    I highly recommend his philosophy of how to fix our world to a better place.

    Sincerely. John CZ

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  • http://www.facebook.com/mylene.posdijk Mylène Posdijk

    I’d like to point something out.
    First, the system you invented here still focusses on rewards of some kind. And yet, you say that the monetary system is ego-based. How is your reward system, the one that rewards with approval, not ego-based?

    If you really want a system that is not ego-based, I say skip the rewards!

    I’ve been thinking about this myself a lot lately. Let’s start with the question: why do we participate in a society in the first place? It’s because we can’t make a living on our own, can we? There are lots of things we can’t do that others can, so we participate in a society to have those people do those things for us. We like warm houses to live in, and we need people to build it for us. We like to buy our food in a store, so we need people to collect and prepare that food for us. The sole function of society is to have people serve each other. At least that’s how I see it.

    Now, next question: why do we work? Lots of people in this age would say: to earn money. And it’s true, lots of people work merely because it brings them money. Not because they love to do the work they do, not because they happily, altruistically offer their services to another, but because it brings money in the pocket so they can pay their bills and feed their bellies. Now, if money would disappear just like that, there wouldn’t be bills to pay anymore and they can feed their bellies for free, so why would they work? Well, if their mentality doesn’t change, there’s no reason for them to work anymore. So yeah, we would end up with a bunch of lazy asses.

    It doesn’t have to be that way though. When I look at a simple household, there’s no direct exchange or reward in that sense for the work that is done. In a household, the dishes get done, the floor gets cleaned, the windows wiped and the beds made up. And we see nothing in return for doing those things. Unless you’re a kid whose parents give you money for those chores. But why on earth would we do these things if there’s no immediate reward for it? Well actually, there is too a reward for it. We like to eat off of clean plates, that’s why we do the dishes. We like to sleep between nice smelling sheets, so we make the beds. We like the place to be tidy and to smell fresh, that’s why we clean up. We like to be able to see through a clear window, that’s why we wipe them. To put it simple: we do the work because we like the result. On a conscious level: we do the work simply because it needs to be done.

    Do you see where I’m going? We do the work simply because it needs to be done! Not to earn money or any other kind of reward. It needs to be done, so we do it! Why not apply this mentality on a larger scale? The exchange of money disappears, but we keep on working. BUT, we will do the work that suits us. We all have things we love to do and that we’re good at, and there’s always someone out there who can benefit from our skills and passions. There are people who love to paint, and there are people who love those paintings to decorate their houses with. There are people who love to cook, and, well, everyone has to eat. There are people who love to travel, and those people can bring along the things we need from other countries on their way back. And the jobs that no one likes to do? We’ll divide them equally and we’ll find ways to make it a little bit more fun.

    Now how does that sound? No need for rewards, everything that needs to be done, gets done, and for everyone who needs something done, there will be someone who can get it done. The only thing we’d need to take care of is making sure people can find each other. I mean, when someone needs bread, he needs to know where the baker is. But that shouldn’t be too hard with advertisement and all.

    I do think it’s a bit naive to think that getting rid of the monetary system will be the end of all problems, since there are still numerous problems that aren’t caused by poverty or greed. But I agree that the monetary system is failing us bigtime. There is a lot of poverty, even in the countries that are labeled ‘wealthy’. Too many people are struggling for their basic needs, and I don’t think it’s supposed to be that way when those people are participating in a society that’s supposed to support them. So yeah, getting rid of the monetary system would be a huge improvement! All of our basic needs will be covered, and we’ll even have some luxury as well, if not a lot! And once we get our basic needs covered, we can focus on the growth of humanity and figure out a way to solve the rest of the problems that we deal with today.

    This leaves me with just one question: how do we get rid of the monetary system?

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  • http://www.brunobabic.com/ Bruno Babic

    HI Marcus,

    You have a very nteresting vision that resonates with mine as far as helping people create and fully enjoy prosperity and a life of abundance.

    I agree with you that the need as well as the greed for money trigger that nagging fear of loss around us.

    Now, speaking of everybody’s getting rid of that fear as well as creating and fully enjoying their ever desired dream prosperity, I’d suggest the law of attraction as let’s say a good substitution or replacement for money.

    With all due respect you have to bear in mind that every person is different in terms of having their own vision of prosperity and success in life. For example, look at Sir Richard Branson who is super excited about the space tourism which is the kind of source of his own prosperity.

    So, speaking of both your and my wholehearted desire to help everybody on earth prosper, we at the same time must be aware that everybody is different. In that context the vision of that desired prosperity and success is different among different people.

    Having said that while reading your interesting post I’ve got reminded me of different niche markets or different groups of people where each group is characteristic for having some kind of interest, passion or problem in common.

    So, I’d suggest realizing your vision of helping all people enjoy prosperity by looking at the world as the community of many different groups of people.

    Now I guess that your vision of having no money as the means of compensation might be much more achievable in a group of likeminded people rather than globally.

    The latter is reinforced with my belief that a group of likeminded people who share the same passion will be very happy to help one another achieve their ultimate goals or dreams around that passion without asking for money in return.

    Another thing that could exclude the need for money to get things is simply through asking for what you need or want. And, believe or not, you are going to get it. I can tell you this from my own experience when I was dead broke and literally going from shop to shop asking for free food.

    To summarize, I think that looking at the world as the community of many different groups of people on one side, and the communication skills and attitude of asking for what we really and truly need, want or desire could well enable each of us to realize our own prosperity and dream without any need to worry about money.

    Hope this helps add value to this post’s topic in one way or another.

    Thank you.

    To your own prosperity and success!

    Bruno Babic

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  • Indaneck

    This planet functions with or without money, period. People thinking that if money is removed we will all be come cave dwelling individuals This is just NOT TRUE. We have all the technology needed to sustain every single human on the planet. Moneys only purpose is to make more money, interest and debt. All these things are the number one contributor to the problems with our little blue planet. This planet only need love , caring and understanding from us. Nothing more, nothing less. Once we change our global focus to these simple things, we all will be richer than you can imagine.
    I am patiently waiting for this needed global change and will do all I can to educate my children and my friends and the dude at the corner store, anyone who will listen.
    Check out the Zeitgeist Movement.
    Love, peace and happiness.

  • rios

    This Idea does not work, I tried it with my family and my extented family, and we all could not agree that our individual efforts had equal echange value. My neighborhood is the same way everyone basically thinks they individually are worth more time-effort-energy-concern than everyone else. Try doing away with religion instead if you really want to attain equality.

  • Mel Egerton

    Money isn’t the problem, it’s some peoples love of money that creates the problems.

  • http://www.facebook.com/people/Lorraine-CyrLongmire/100001355718119 Lorraine CyrLongmire

    The world is not going to fall apart or end if we get rid of the money system. In fact, there would probably be more peace in the world because everyone would have enough. If there was a vote to get rid of the money system, i would vote yes. Humans created money, therefore, we can abolish it to.

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