An Obsolete Monetary System

The money-based system evolved centuries ago. All of the world's economic systems - socialism, communism, fascism, and even the vaunted free enterprise system - perpetuate social stratification, elitism, nationalism, and racism, primarily based on economic disparity. As long as a social system uses money or barter, people and nations will seek to maintain the economic competitive edge or, if they cannot do so by means of commerce they will by military intervention. We still utilize these same outmoded methods.

Our current monetary system is not capable of providing a high standard of living for everyone, nor can it ensure the protection of the environment because the major motive is profit. Strategies such as downsizing and toxic dumping increase the profit margin. With the advent of automation, cybernation, artificial intelligence and out sourcing, there will be an ever-increasing replacement of people by machines. As a result, fewer people will be able to purchase goods and services even though our capability to produce an abundance will continue to exist.

Resource-Based Economy

Simply stated, a resource-based economy utilizes existing resources - rather than money - to provide an equitable method of distribution in the most humane and efficient manner. It is a system in which all goods and services are available to everyone without the use of money, credits, barter, or any other form of debt or servitude.

To better understand a resource-based economy, consider this. If all the money in the world disappeared overnight, as long as topsoil, factories, personnel and other resources were left intact, we could build anything we needed to fulfill most human needs. It is not money that people require, but rather free access to most of their needs without worrying about financial security or having to appeal to a government bureaucracy. In a resource-based economy of abundance, money will become irrelevant.