An Obsolete Monetary System

The money-based system evolved centuries ago. All of the world’s economic systems – socialism, communism, fascism, and even the vaunted free enterprise system – perpetuate social stratification, elitism, nationalism, and racism, primarily based on economic disparity. As long as a social system uses money or barter, people and nations will seek to maintain the economic competitive edge or, if they cannot do so by means of commerce they will by military intervention. We still utilize these same outmoded methods.

Our current monetary system is not capable of providing a high standard of living for everyone, nor can it ensure the protection of the environment because the major motive is profit. Strategies such as downsizing and toxic dumping increase the profit margin. With the advent of automation, cybernation, artificial intelligence, and out sourcing, there will be an ever-increasing replacement of people by machines. As a result, fewer people will be able to purchase goods and services even though our capability to produce an abundance of products will continue to exist.

Our present, outmoded political and economic systems are unable to apply the real benefits of today’s innovative technology to achieve the greatest good for all people, and to overcome the inequities imposed upon so many. Our technology is racing forward yet our social designs have remained relatively static. In other words cultural change has not kept pace with technological change. We now have the means to produce goods and services in abundance for everyone.

Unfortunately, today science and technology have been diverted from achieving the greatest good for reasons of self-interest and monetary gain through planned obsolescence sometimes referred to as the conscious withdrawal of efficiency. For example, the U. S. Department of Agriculture, whose function is presumed to be conducting research, into ways of achieving higher crop yields per acre, actually pays farmers not to produce at full-capacity. The monetary system tends to hold back the application of these methods that we know would best serve the interests of people and the environment.

In a monetary system purchasing power is not related to our capacity to produce goods and services. For example, during a depression, there are computers and DVD‘s on store shelves and automobiles in car lots, but most people do not have the purchasing power to buy them. The earth is still the same place; it is just the rules of the game that are obsolete and create strife, deprivation and unnecessary human suffering. A monetary system developed years ago as a device to control human behavior in an environment with limited resources. Today money is used to regulate the economy not for the benefit of the general populace, but for those who control the financial wealth of nations.

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