Will money become obsolete in the mid-21st-century?
Will technological changes within the next fifty years bring forth an era of super-abundance on Earth, such that a new moneyless vision of human transactions emerges naturally? It is my assertion that this next great step for human interactions has become inevitable. All economic roads eventually lead to the end of money in the next century.
[Note: Herein, “money” is defined as “any symbolic medium of exchange.” It might be beads, or shells, or coins, or slips of paper, or numbers in a database. In any case, it is understood that the money itself is generally purely symbolic of “value” (except where it takes the form of precious metals) and of little use except in that it may be exchanged for objects of real value.] Read more »