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#1
My friend and I were having a debate earlier about whether the human race will ever lose the need for currency due to hypothetical scientific advancements?

I argued that with enough scientific and technological developments we might develop a Star Trek-like society where people do things because it's what they love, and there will be no need for currency when science advances to a certain level because we might have robots to the menial rap jobs, wihilst people just go into fields for jobs because it's what they love, and due to infinite resources and technology, there will be no need for currency (obviously highly hypothetical, but this is a hypothetical argument).

However he said that no matter how far science goes, replicators, infinite crops and energy, advanced robots etc. there will always be currency and we will always be a capitalist society.

What is your opinion Pit (be srs pls)

longing rusted furnace daybreak seventeen benign nine homecoming one freight car
#5
that sounds nice
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#6
"where people do things because it's what they love"

good luck finding people who love being binmen and would do it for free.
#7
After WWIII we will have no need for currency.
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#8
no the liberals are making everybody so gay the humna race will go extinct long before but it is a nice thought
#10
Quote by Jackal58
After WWIII we will have no need for currency.


because we'll have korean slaves to do everything for free?
#11
Quote by Trowzaa
"where people do things because it's what they love"

good luck finding people who love being binmen and would do it for free.


Robots would collect bins and clean the sewers duh

longing rusted furnace daybreak seventeen benign nine homecoming one freight car
#12
Lets say we could harvest almost 100 % of the energy from a star then we'd have a shit ton of energy so the cost of it would drop to basically 0. Like you said we could then have robots with advanced AI farming, repairing and doing all the menial tasks that would normally require payment in our world. At that point I think we could drop currency because it'd be useless.
#13
There are people who don't love anything. There are also people who are mentally incapable of doing non-menial work. There are also handicapped people. What do you do with them?


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#14
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There are people who don't love anything. There are also people who are mentally incapable of doing non-menial work. There are also handicapped people. What do you do with them?

they do as they please much like everyone else
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#15
I think it's inevitable that at some point in the next 200 years or so, currency and capitalism will lose their purpose.

Capitalism as it stands is going to take a turn for the worst. As technology improves to replace human workers, wealth is only going to get more concentrated at the highest corporate level, who benefit from the increased efficiency of using automation / digitalization and trim human workers.

This is obviously unsustainable and we'll have to shift to a true socialist model where wealth is artificially spread. And this is really only a transition into a currency-less economy.

...modes and scales are still useless.


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#16
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because we'll have korean slaves to do everything for free?

Exactly.
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There are people who don't love anything. There are also people who are mentally incapable of doing non-menial work. There are also handicapped people. What do you do with them?

To the ovens.
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#17
Let me know when we don't need currency anymore. Im currently currency-less so throw it my way
#19
I suppose it's possible but it's also possible we will blow ourselves up before that happens so who knows
#20
Quote by Xiaoxi
I think it's inevitable that at some point in the next 200 years or so, currency and capitalism will lose their purpose.

Capitalism as it stands is going to take a turn for the worst. As technology improves to replace human workers, wealth is only going to get more concentrated at the highest corporate level, who benefit from the increased efficiency of using automation / digitalization and trim human workers.

This is obviously unsustainable and we'll have to shift to a true socialist model where wealth is artificially spread. And this is really only a transition into a currency-less economy.

Precisely.
#21
Currency = power.
Therefore, if "the powers that be" have anything to do with it(and they have everything to do with it), we will always have some form of currency.
That's my quick reply.
#24
Nah

However I think we'll stop using bills and coins within the next 100-odd years
#25
No, for the spice must flow.

In essence, as long as there are rare materials and resources available there's going to be someone profiting from them economically or politically.
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#26
If one day we can just generate anything we want in our own homes, then yes, currency will then be useless.
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#27
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If one day we can just generate anything we want in our own homes, then yes, currency will then be useless.


If the knowledge of how to construct a device that does this is easily understood by all.
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#28
Quote by Xiaoxi
I think it's inevitable that at some point in the next 200 years or so, currency and capitalism will lose their purpose.

Capitalism as it stands is going to take a turn for the worst. As technology improves to replace human workers, wealth is only going to get more concentrated at the highest corporate level, who benefit from the increased efficiency of using automation / digitalization and trim human workers.

This is obviously unsustainable and we'll have to shift to a true socialist model where wealth is artificially spread. And this is really only a transition into a currency-less economy.

How are you spreading this "wealth"?

Capitalism in the broadest sense (or what ts is discussing) means having money to represent value which is abstract. Without it we're limited to a barter system which has flaws and limitations. If we're getting everything freely from a single government entity, there's certainly no way we can sustain the uninhibited desires of everyone (possibly even needs), so we need to limit them.

How are these limitations implemented? Either everyone gets the same amount of everything over a certain period of time or they are given equal credits that they can then choose to use them on various things. Either way you are giving up abstract credits that are determined to have value protected by the government in exchange for good or services, like currency.
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#29
Quote by snipelfritz
How are you spreading this "wealth"?

Capitalism in the broadest sense (or what ts is discussing) means having money to represent value which is abstract.
Capitalism in the sense of maximizing profit while minimizing cost.

How are these limitations implemented? Either everyone gets the same amount of everything over a certain period of time or they are given equal credits that they can then choose to use them on various things. Either way you are giving up abstract credits that are determined to have value protected by the government in exchange for good or services, like currency.

There should still be currency as an artificial limitation, but not like the way it is today, which is real limitation.

But real limitation will not make sense in the future when (not if) the vast majority of people will not be able to live without forced wealth redistribution.

...modes and scales are still useless.


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#30
I am frequently without currency.
But boys will be boys and girls have those eyes
that'll cut you to ribbons, sometimes
and all you can do is just wait by the moon
and bleed if it's what she says you ought to do
#31
I can't just go out and get a Dual Rectifier because I want one and someone who made one wants to give it away. I think there'll always be a currency.
#32
Capitalism is bound to die in a few years. Either we kill it, or it kills us. If we make the right decision, the situation in the OP is going to be true a lot sooner.
Tomorrow will take us away
Far from home
No one will ever know our names
But the bards' songs will remain
Tomorrow will take it away
The fear of today
It will be gone
Due to our magic songs

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#33
No because I am not stuck in a happy make believe dream land like y'all.
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#35
Quote by WCPhils
um, why would people wanna work without pay?

In the future, what work will need to be done by humans?
#37
Quote by willT08
In the future, what work will need to be done by humans?

probably a lot cuz HAL 9000
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#38
Well make the best assumption you can. Look at what needed to be done by humans in 1900 and what is automated now. You can assume some degree of exponential progression as machines speed up the process of inventing and manufacturing more machines, and hazard a guess at what we'll need to do this time next century, and the next one and the next one.

It would seem to me, that we're moving towards a world where everything humans need doing is automated and carried out by machines.
#39
A classless society without currency where people do things because they like them or because they need to be done is certainly a possibility. It's called communism.

Further technological developments will certainly make a form of Star Trek-like techno-communism a more obvious solution and those in power will have to work hard at making excuses for maintaining the capitalist class system.

However I think we are already advanced enough to produce enough to cover everybody's needs. What we need is not more production but a fairer distribution.

Technological advances and more egalitarian distribution will abolish the need for currency as we know it today. However some goods will always be scarce. These goods will have to be distributed in some way. It could either be through a lottery or by giving everybody an amount of credits or rationing marks to spend on whatever they wanted. Other scarce goods should be distributed according to need or utility. For instance high quality musical instruments should be distributed to talented musicians.

And before somebody starts screaming Stalin. The USSR had nothing to with socialism or communism. It was a state capitalist class society. The workers were not in control of the means of production, the nomenclatura of the state party was. The difference between the Stalinist system and the western capitalist one was that in the USSR there was only one capitalist - the Party. The USSR was as socialist as the GDR was democratic.
#40
when the crap really hits the fan and the end of the human race is near the only thing that will carry any value will be water and bullets.
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