Post
Topic
Board Politics & Society
Re: Society without money ?
by
yfekolpace
on 05/04/2018, 10:13:07 UTC
Can we imagine a society without money ? Now a days the term bitcoin is getting very much interesting to all so is there any chance that in your future there will be bitcoin in exchange of money and if it happens what will be its consequence i thing it will be good because there is many country where the money value is low so its tough to carry a lot of money if bitcoin comes everywhere this problem can be solved.
Money serves an incredibly important role in a complex economy. It is used to solve the allocation problem. Without money and the pricing mechanism, there is a huge problem -- no one has any idea of what to make, how much, when, and where to send it. A money system in free markets creates a communications network that transmits this sort of information so as to permit an efficient allocation of resources. That is a vastly complex problem, and without money it simply cannot be solved with any kind of efficiency. Maybe in a commune with 50 people that can rely on help from outside, but certainly not in a world of 6 billion people that has to do everything for itself.

Without money a modern, complex economy is not possible. There were no complex economies before money was invented.