this post was submitted on 13 Sep 2024
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No Stupid Questions

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I get the history as to why we got to our current economic situations, but no one is arguing for a system that casts off current economic issues that are pushing humanity towards destruction. I'm not saying this can happen over night or even within our current life time, but it's obvious that capitalism and even socialism has reached the end of their usefulness.

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[–] marcos@lemmy.world 31 points 6 days ago

The idea that social structures have a "logical end" is pure hubris and have no basis on reality.

[–] JackbyDev@programming.dev 9 points 5 days ago

The title and question are different, what exactly are you asking? I don't see currency as a concept ever going away.

[–] Steve@communick.news 13 points 6 days ago

It really is the most efficient way to manage and trade scarce resources. Going back to a barter system wouldn't be possible with the size and scope of a global economy.

[–] deegeese@sopuli.xyz 9 points 6 days ago (1 children)

Not until we reach a post-scarcity society.

[–] NatakuNox@lemmy.world -3 points 6 days ago (2 children)

We're already there. The only thing preventing it is tribalism and the world oligarchs. We have the knowledge and capabilities, just not the willingness.

[–] Steve@communick.news 18 points 6 days ago (1 children)

I'm not sure you know what post scarcity means.

Imagine a world where nobody needs to work, but everyone can still have any material desire filled at any time.

Think Star Trek. Unlimited energy resources, combined with replicators which use that endless energy to create unlimited stuff without any labor required.

[–] degen@midwest.social 5 points 6 days ago

It's also important to note that a lot of that scarcity is artificial. Sure, we're far from post scarcity, but strife is exacerbated by capitalist systems in all but the most privileged.

[–] deegeese@sopuli.xyz 9 points 6 days ago

Hohoho we are very far from post scarcity. Read any newspaper.

Their usefulness to whom

Humans are not known for solving problems on time

[–] BlameThePeacock@lemmy.ca 7 points 6 days ago (1 children)

Capitalism is fine, we just need to tweak regulations for it to better incentivize the result we (humanity) are looking for.

[–] Apepollo11@lemmy.world 5 points 6 days ago (1 children)

I wish I had your confidence that capitalism can be tweaked into a fair system.

I honestly think the logical end point to capitalism is self-destructive extreme wealth disparity.

[–] Steve@communick.news 3 points 6 days ago (1 children)

It works in cycles.

The last Guilded Age (think Roaring 20s) ended with the great depression. Which then triggered the creation of all the great economic policies the boomers enjoyed as children, which they've been dismantling since the 70s.

Once things get bad enough, (very nearly there now) the cycle will repeat.

[–] tisktisk@piefed.social 2 points 5 days ago (1 children)

Why do you think this, and what does cycle even mean in this context? If everything is just a cycle repeating, couldn't you argue we're also frozen in a non-cyclic lack of progression?

[–] Steve@communick.news 2 points 5 days ago

Those are very big questions. This Wikipedia Page is a good place to start.

The simple answer is, everything humanity does happens in cycles.
But you can think of it as roller-coaster passing through an infinite series of loops. We keep going forward in the long run. But but the repeating loops take us up and down, even upside down and backwards along the way. In every case, coming down each loop gives us the momentum to reach the next one.

[–] neidu2@feddit.nl 5 points 6 days ago* (last edited 5 days ago)

No.

First we need a better system for resource allocation. Monetary systems are extremely inefficient, but they're far better than the "trust me, bro" approach of many of the alternatives.

A global post-scarcity society could in theory take over, similar to how it works in Star Trek, but there are a lot of other hurdles that need to be overcome first.

As long as proper distribution of resources requires an effort, it will also need an incentive to do so. Currently this incentive is provided by allowing for a profit margin, and while this does also provide a mechanism for skimming off the top, at least said skimming can be somewhat controlled by a free market ensuring better circumstances for those willing to skim less.

[–] tisktisk@piefed.social 3 points 5 days ago

I'm quite curious to know what you mean by 'usefulness' in this context?

[–] MacNCheezus@lemmy.today 2 points 5 days ago

No. The concept of money is millenia old and likely too useful to discard. What MIGHT change is how that money is implemented. Wouldn’t be the first time either.

[–] khepri@lemmy.world 1 points 5 days ago

It’s pretty hard to imagine a way for groups of people with varying goals and interests to operate without some form of value exchange. This can either be barter, or some form of currency. Our specific kind of extractive capitalism based on creating endless cycles of debt and credit can certainly be replaced with any number of alternatives, but the idea of money itself is just too basic and useful to humans, imo.

As much as in the 70's when folks said the same or the 40's or at the turn of the century.