Brett King
Aug 21, 2022

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It depends on your timeframe. Most of human history we existed without money. Agrarian societies bartered, for example. Money is a fairly modern invention. Which goes to illustrate that we don’t need money as humans to exist.

The current system seems intractable but just imagine these highly automated societies where everything we need is managed and produced by AI, how do you earn money or you can’t work? Obviously there’s a transition of some 50-100 years that changes human society based on this tech. It’s definitely something the existing system will fight but the removal or scarcity makes markets untenable. So the only way we keep markets and money is artificial scarcity. Which you’re assuming can be done in parallel with technological advances designed to remove the need for both

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Brett King
Brett King

Written by Brett King

Author The Rise of #Technosocialism | Founder | Fintech Hall of Famer | @AmerBanker Innovator of the Year | #1 Global Fintech Podcast Host | Speaker | Futurist

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