Saturday, October 01, 2005

Beyond Greed and Scarcity

The cocreator of the Euro talks about the redesign of currency in a postscarcity economy:

"Furthermore, I believe that greed and competition are not a result of immutable human temperament; I have come to the conclusion that greed and fear of scarcity are in fact being continuously created and amplified as a direct result of the kind of money we are using. For example, we can produce more than enough food to feed everybody, and there is definitely enough work for everybody in the world, but there is clearly not enough money to pay for it all. The scarcity is in our national currencies. In fact, the job of central banks is to create and maintain that currency scarcity. The direct consequence is that we have to fight with each other in order to survive."

...

"Local currency creates work, and I make a distinction between work and jobs. A job is what you do for a living; work is what you do because you like to do it. I expect jobs to increasingly become obsolete, but there is still an almost infinite amount of fascinating work to be done."

link

Found via Abstract Dynamics

1 comment:

Elisha Cuthbert said...

Just found your blog and I want to build one myself for coins on the side. Have a great day and keep on blogging!