Are currency/monetary base economic systems coming to their logical end?

Submitted ⁨⁨2⁩ ⁨months⁩ ago⁩ by ⁨NatakuNox@lemmy.world⁩ to ⁨[deleted]⁩

I get the history as to why we got to our current economic situations, but no one is arguing for a system that casts off current economic issues that are pushing humanity towards destruction. I’m not saying this can happen over night or even within our current life time, but it’s obvious that capitalism and even socialism has reached the end of their usefulness.

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marcos@lemmy.world ⁨2⁩ ⁨months⁩ ago
The idea that social structures have a “logical end” is pure hubris and have no basis on reality.

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Steve@communick.news ⁨2⁩ ⁨months⁩ ago
It really is the most efficient way to manage and trade scarce resources. Going back to a barter system wouldn’t be possible with the size and scope of a global economy.

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JackbyDev@programming.dev ⁨2⁩ ⁨months⁩ ago
The title and question are different, what exactly are you asking? I don’t see currency as a concept ever going away.

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BlameThePeacock@lemmy.ca ⁨2⁩ ⁨months⁩ ago
Capitalism is fine, we just need to tweak regulations for it to better incentivize the result we (humanity) are looking for.

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- Apepollo11@lemmy.world ⁨2⁩ ⁨months⁩ ago
  I wish I had your confidence that capitalism can be tweaked into a fair system.
  
  I honestly think the logical end point to capitalism is self-destructive extreme wealth disparity.
  
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  - Steve@communick.news ⁨2⁩ ⁨months⁩ ago
    It works in cycles.
    
    The last Guilded Age (think Roaring 20s) ended with the great depression. Which then triggered the creation of all the great economic policies the boomers enjoyed as children, which they’ve been dismantling since the 70s.
    
    Once things get bad enough, (very nearly there now) the cycle will repeat.
    
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deegeese@sopuli.xyz ⁨2⁩ ⁨months⁩ ago
Not until we reach a post-scarcity society.

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- NatakuNox@lemmy.world ⁨2⁩ ⁨months⁩ ago
  We’re already there. The only thing preventing it is tribalism and the world oligarchs. We have the knowledge and capabilities, just not the willingness.
  
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  - Steve@communick.news ⁨2⁩ ⁨months⁩ ago
    I’m not sure you know what post scarcity means.
    
    Imagine a world where nobody needs to work, but everyone can still have any material desire filled at any time.
    
    Think Star Trek. Unlimited energy resources, combined with replicators which use that endless energy to create unlimited stuff without any labor required.
    
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  - deegeese@sopuli.xyz ⁨2⁩ ⁨months⁩ ago
    Hohoho we are very far from post scarcity. Read any newspaper.
    
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Gradually_Adjusting@lemmy.world ⁨2⁩ ⁨months⁩ ago

Their usefulness to whom

Humans are not known for solving problems on time

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tisktisk@piefed.social ⁨2⁩ ⁨months⁩ ago
I'm quite curious to know what you mean by 'usefulness' in this context?

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neidu2@feddit.nl ⁨2⁩ ⁨months⁩ ago
No.

First we need a better system for resource allocation. Monetary systems are extremely inefficient, but it is far better than the “trust me, bro” approach of many of the alternatives.

A global post-scarcity society could in theory take over, similar to how it works in Star Trek, but there are a lot of other hurdles that need to be overcome first.

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crashfrog@lemm.ee ⁨2⁩ ⁨months⁩ ago
There’s actually no such thing as humanity without money; it’s as key to our collective cognition as language.

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- JayleneSlide@lemmy.world ⁨2⁩ ⁨months⁩ ago
  The Salish Tribes existed in the PacNW for over 13,000 years without money.
  
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  - crashfrog@lemm.ee ⁨2⁩ ⁨months⁩ ago
    Weren’t they the ones that used shells as money?
    
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MacNCheezus@lemmy.today ⁨2⁩ ⁨months⁩ ago
No. The concept of money is millenia old and likely too useful to discard. What MIGHT change is how that money is implemented. Wouldn’t be the first time either.

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khepri@lemmy.world ⁨2⁩ ⁨months⁩ ago
It’s pretty hard to imagine a way for groups of people with varying goals and interests to operate without some form of value exchange. This can either be barter, or some form of currency. Our specific kind of extractive capitalism based on creating endless cycles of debt and credit can certainly be replaced with any number of alternatives, but the idea of money itself is just too basic and useful to humans, imo.

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