Money-free existence

limra

Thinking about the lameness caused by money and suddenly got the idea to search money free existence on google, this wiki article came up, which ironically is being proposed to be removed, thought we'd copy it to preserve it here, heres to life with real virtues, overcoming the false delusions of the rather bizarre cult which has become our society at large.



Money-free economy is term that was used in 1960s[1] but has only recently come into large scale existence. The idea of a money-free economy has been criticized as being utopian, though as the requirements for it are beginning to be met, it is looking more like a possibility.I][URL="http://en.wikipedia.org/wiki/Wikipedia:Citation_needed"]citation needed[/URL][/I
Contents

URL="http://en.wikipedia.org/wiki/Money-free_economy#"]hide[/URL

• 1 Requirements
• 2 Consequences
• 3 See also
• 4 References

URL="http://en.wikipedia.org/w/index.php?title=Money-free_economy&action=edit&section=1"]edit[/URL Requirements

Communication technology and computers in particular have been important in creating an environment suitable for a money-free economy. The cost of copying and sharing information is extremely low as compared to the value of the information provided, so that even if beneficiaries only give back a small proportion of what they receive, the system covers is effective.I][URL="http://en.wikipedia.org/wiki/Wikipedia:Citation_needed"]citation needed[/URL][/I
In a post-scarcity society, people use only a small proportion of working time to buy the necessities of life, such as food and clothing, leaving them time and energy to give to others without money.I][URL="http://en.wikipedia.org/wiki/Wikipedia:Citation_needed"]citation needed[/URL][/I
Coexistence with a traditional money economy poses the threat that leechers could gain profit by reselling goods or services provided by a money-free economy. A suitable accounting system such as Altruistic Economics could protect such a system against such free riders by identifying consistent takers who don't give back.I][URL="http://en.wikipedia.org/wiki/Wikipedia:Citation_needed"]citation needed[/URL][/I
A shortage of money is one obvious incentive to pursue a money-free economy, with people doing things for one another 'on credit'. Other motivations to avoid money are economic or political conditions that leave money as an unusually insecure option, such as political instability or a risk of hyperinflation.I][URL="http://en.wikipedia.org/wiki/Wikipedia:Citation_needed"]citation needed[/URL][/I Of course in such a case an argument can be made that the 'credits' people are using are also a form of informal currency, albeit a less practical one then the formal kind since they will be more difficult to trade.I][URL="http://en.wikipedia.org/wiki/Wikipedia:Citation_needed"]citation needed[/URL][/I
URL="http://en.wikipedia.org/w/index.php?title=Money-free_economy&action=edit&section=2"]edit[/URL Consequences

As an economy becomes money-free, tax revenues are likely to decline, and economic sanctions such as fines or subsidies become less important in dictating people's course of action. A switch to a money-free economy would likely decrease the power of national governments and central banks as it increased individual freedom and autonomy.
Since even mention of money increases people's competitiveness,I][URL="http://en.wikipedia.org/wiki/Wikipedia:Citation_needed"]citation needed[/URL][/I a large scale money-free economy may be expected to promote cooperative behavior.
In a money free economy, one must find other incentive to encourage people to do things for which they would never do for free, such as extremely dangerous or unappealing work.I][URL="http://en.wikipedia.org/wiki/Wikipedia:Citation_needed"]citation needed[/URL][/I
It might be good to keep in mind prehistoric humans didn't have currency as we know it today. Population-growth and the appearance of city-states and later countries necessitated a commodity that was easy to store and handle in order to facilitate trade. There is no known example of a developed culture that managed to exist without some form of money.I][URL="http://en.wikipedia.org/wiki/Wikipedia:Citation_needed"]citation needed[/URL][/I

cookie1977

There was a guy on the radio yesterday who began living money free for a year and now he's been doing it for the past 3 years nearly. It was on Rte Documentary hour doconone:

http://www.rte.ie/radio1/doconone/radio-documentary-moneyless-mark-boyle-freeconomy.html

Well worth a listen but certainly not for me

dudara

Given that this is more about personal finances rather than being a Consumer Issues, I'm going to move this thread to Banking & Insurance & Pensions

dudara

BuffyBot

I'm not sure we're designed to be a repository for soon-to-be deleted Wiki articles. OP, if you can tell me how this topic fits within the forum's charter, please drop me a PM and I'll look at it for you. As it stands, it's a bit OT in my opinion.