Post
Topic
Board Economics
Re: When money dies
by
cbeast
on 24/11/2014, 07:29:03 UTC
One one currency fails, another take over. Money will never die.
Year 3000. Once automation has replaced 99% of human labour... where is the place for money there?
Human labour is only part of the production process. The process can be automated, but production itself still requires energy, raw materials, and real estate, all of which are in finite supply and must therefore be traded in some way (such as money).
Year 3000. Once all of the Earth's natural resources are mapped, quantified, and there is no need for labor, who decides what is traded and its price?