Off late I’ve been wondering what would happen if we were to live without money. This comes after witnessing the economic debates, on how to get us out of the crisis and which have been going on for more than 5 years now, and having talked to Charles Eisenstein (http://sacred-economics.com/).
As you may know, money (the digits on a computer at the bank, linked to your name, which will be positive or negative) gets created out of thin air (a few mouse clicks) as interest bearing debt. This necessitates paying back more than you received which means, in shorthand, finding a product or service to generate the money with and it means necessary economic growth. Right up to the moment where all commons have been taken and everything non tangible (which used to be available for no money as well). I mean for an individual it may still be possible to find a new niche but it’s clear to me that for the entire system this is a dead-end street.
And hence I’m wondering: would really everything collapse and would we revert to being undeveloped, uncivilised creatures? Miserable, sick, starving? Stealing away scarce resources from another? Violently unhappy and perpetually unfulfilled? That would be a case for the money game to start all over again.
Or would we see that we can have access to enough (as opposed to never having (owning) enough)? All of us. And if so: what would become available to all of us? Which is not available now under this monetary-scarcity paradigm?
What are your thoughts?