Robot workforce: The end of money

By Vmenkov (Own work) [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)%5D, via Wikimedia Commons

As robots become more complex they will replace more and more jobs. In these articles I will examine the implications of increasing unemployment. We are halfway now with our third story.

When (nearly) all of our jobs have been replaced by robots and computers we will find that our current economic system is obsolete. The trouble with nobody having work is that nobody gets paid. When nobody gets paid nobody has any money to spend to keep the economy running.

Well we could think about doing away with money altogether but we will find it is impractical.  The problem we have without money is that not all goods will be readily available. We only have one Earth, space will therefore still be at a premium, we just can’t all live in a villa. Other goods are limited by the available resources. The government could decide to issue certain premium goods each month in an extreme communistic fashion. This, however, would limit our freedom so much that most will find it an unacceptable proposition.And even if we were able to find a way with doing away with money we would find that trading is engrained in our core being. We have been trading for millennia maybe even for millions of years, it is part of our DNA. This means that we would be uneasy without any form of money or trade.

Best way to go therefore is a midway. Governments issue an amount of credits per person which you can spend as you wish. If you want more space you buy a bigger house but it means you cannot spend the money on the latest gadget. This allows the government to preserve the individual freedom while also controlling the space and resources available so shortages won’t arise. As a society we would all basically become upper middle class people, not just in the countries which have the power today but in the entire world. Poverty could actually be abolished.

On an intergovernmental level money could be abolished altogether. Governments can tackle any project they want provided they can get the necessary resources for the project. This will open grand new possibilities which I will examine in a later story.

This might seem like a communist idea but the difference between a true communist government and this neo communism is that it can have a multi party government. Each party with different agenda’s. The production in mining, agriculture, industry and services will be higher than ever because machines do not care if they get paid or not, how long they work and under what circumstances and just produce things as it is needed. (with technologies as 3D printing factories might even be able to switch instantly between products). Even the capitalist ideal of a true 24/7 economy will become a reality in this society.

This transition won’t come easy though. There are a lot of forces acting against it. 90% (this is a wild guess) of the world would become (a lot) richer. Trouble is the richest 10% will become (a lot) poorer. And let those 10% be the people who have a lot of power. They are politicians, CEO’s and other influential people. It would also require a new level of intergovernmental cooperation to distribute resources equally. One country might have a lot of coal while another has a lot of iron ore and a third has, basically, nothing. If the governments with natural resources do not share with governments without natural resources a new kind of poverty could be born. Some countries, like the Netherlands where I live, do not have many natural resources but can rely on urban mining (fancy word for recycling) to still participate in the global new economy if needed. Mostly countries without natural resources and which are poor today (which means they don’t have a lot of stuff to recycle which will be of value) would be left out.

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