Published on Countercurrents.org, by John Steinsvold, 11 July, 2008.
Economists concede that economics is an inexact science. What does that mean? Perhaps it means their economic forecast is better than yours or mine. Recently, economic indicators have been rising and people have their fingers crossed. Economists have given us reason to hope that the job market will improve and that the stock market will continue on a steady climb. Yet, the newspapers continue to report more layoffs and more jobs going overseas.
Meanwhile, our economy is getting more and more complex. We associate complexity with progress for some ungodly reason. The following problems, however, have become inherent in our economy. What does that mean? It means they will be around for a while:
Needless poverty, unemployment, inflation, the threat of depression, taxes, crimes related to profit (sale of illicit drugs, stolen IDs, muggings, bribery, con artists, etc.), conflict of interest, endless red tape, a staggering national debt plus a widening budget deficit, 48 out of 50 states in debt, cities in debt, counties in debt, skyrocketing personal debts, 50% of Americans unhappy at their work, saving for retirement and our children’s education, health being a matter of wealth, competing in the “rat race”, the need for insurance, being a nation of litigation, being subject to the tremors on Wall Street, fear of downsizing and automation, fear of more Enrons, outsourcing, bankruptcies, crippling strikes, materialism, corruption, welfare, social security, sacrificing quality and safety in our products for the sake of profit, the social problem of the “haves” vs. the “havenots” and the inevitable family quarrels over money.
Have we become gluttons for punishment? My college professor once said, “You can get used to hanging if you live long enough!” …
… Yes, we will still import and export goods with foreign countries as our needs dictate; but what money will be used in place of the almighty dollar? Would the dollar have any value if everything is free in the USA? Would that be a problem? We would, however, still be able to use the currency of the country we are doing business with. For example, if we export goods to Germany, we would accept marks or euros in payment. The euros would then be deposited in our national treasury for future use. The money could then be used to import goods or perhaps send Americans overseas on vacation.
Yes, a way of life without money could be compared to the kibbutz which now exist in Israel. Can you picture the USA as one big kibbutz? However, ownership of property will remain the same as it is today. Our government will remain the same. Our free enterprise system will remain in place as it is today. There will be no need for money or any substitute for money since everything will be free.
The advantages of a way of life without money stagger the imagination; but they are real and cannot be disputed. Perhaps it is time for us to grab the brass ring.
The Human Race has improved everything except the Human Race … “. Adlai Stevenson. (full text).