What would the world be like if money didn't exist?

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cookiedough1
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Okay so you may think i'm stupid for asking this, but this is a genuine question that I can't seem to figure out.

What would the world be like if money didn't exist?

That's my question and I can't seem to decide whether it would be better or worse.
I mean surely it would eradicate those major first world problems of poverty, starvation, homelessness. There would be no gap between the rich and the poor and generally wouldn't life just be easier?

What do you guys think?
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Saoirse:3
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The advent of currency is really a pretty inevitable consequence of humanity's evolution. Once we gained the ability for sophisticated communication, it became commonplace albeit in a rudimentary form - someone who has plentiful shelter for the night but needs food may for instance have allowed another into their shelter in exchange for sharing their food. Over time that grows into money, which fundamentally is just a universally accepted way of assigning relative value to different things people wish to trade. You can't really just abolish it - something like gold would simply be used as a currency instead. What you are describing is, more to the point, communism - where the state pools together people's resources to ensure that everybody has the means to live a decent and fulfilling life. A very popular idea indeed, but it's traditionally had some, uhm, minor issues being put into practice
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FreedomTower
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Nobody would have the incentive to get up in the morning, as there would be no incentive to work.
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cookiedough1
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(Original post by Saoirse:3)
The advent of currency is really a pretty inevitable consequence of humanity's evolution. Once we gained the ability for sophisticated communication, it became commonplace albeit in a rudimentary form - someone who has plentiful shelter for the night but needs food may for instance have allowed another into their shelter in exchange for sharing their food. Over time that grows into money, which fundamentally is just a universally accepted way of assigning relative value to different things people wish to trade. You can't really just abolish it - something like gold would simply be used as a currency instead. What you are describing is, more to the point, communism - where the state pools together people's resources to ensure that everybody has the means to live a decent and fulfilling life. A very popular idea indeed, but it's traditionally had some, uhm, minor issues being put into practice
What if things didn't have value though. If everything that we traded held equal importance between people and if we were able to distribute such resources out equally then surely people would have no desire to have things that others have, because isn't that were greed stems from? Us wanting things simply because we see others hold them in their possessions?
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Nottie
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(Original post by cookiedough1)
A very popular idea indeed, but it's traditionally had some, uhm, minor issues being put into practice
What "minor issues" are you referring to?[/QUOTE]

are you for real? Have you not heard about Communist Russia?
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cookiedough1
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(Original post by FreedomTower)
Nobody would have the incentive to get up in the morning, as there would be no incentive to work.
As cheesy as it sounds maybe then people wouldn't simply go to work because they need the money to pay the bills or to buy that new phone that everyone else has. What if people went to work because they had a passion to create new things or they felt great about helping others in a shop. As trivial as it seems maybe work wouldn't be viewed with such dread and instead people could look forward to work because it is something that they genuinely enjoy. :confused:
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Baleroc
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(Original post by cookiedough1)
As cheesy as it sounds maybe then people wouldn't simply go to work because they need the money to pay the bills or to buy that new phone that everyone else has. What if people went to work because they had a passion to create new things or they felt great about helping others in a shop. As trivial as it seems maybe work wouldn't be viewed with such dread and instead people could look forward to work because it is something that they genuinely enjoy. :confused:
Without currency, a lot of what we have today wouldn't exist. As a general overview, even if you are not trading with money directly, the society would be using other items as currency to get what they want. For example, Farmers would be using food as currency to trade for transport; some companies may trade electricity in exchange for food. So, even if money is not directly being used, currency will still be required in another form. As a whole, the society will be worse off, since those with nothing to trade, will be left with nothing; those with something to trade will be better off. The cycle will repeat, regardless of what form currency is depicted.

Consider the example of farmers; why would farmers get up at 6am each morning, feed their cows, hens, chickens, collect the crops, and give it away for free?

More likely, farmers will keep all their stock, and it will result in no produce, such as Milk, Cheese, Chocolate, Crisp, and so forth, because Farmers have no reason to put in all that effort to please random strangers for no gain.

This concept is applied to every item we have today; where would you gather your food from if the supermarket stopped putting the food on the shelves; where would you get your car from if the manufacturer decided to keep all the cars they make, since they are worth no value.

Essentially, we would end in the same situation. In fact - a much, much worse situation than you would think. What would happen is: those who have something someone else wants, will do a trade. For example, a farmer with a lot of food, will trade with someone with a lot of cars. That way, only those who are benefitting, are actually going to be better off. Those without anything to offer will be worse off, since they will have nothing to trade for other items. So, the society, as a whole, will only be trading with those who can offer them something in return.

This may be slightly advanced for this post, but this is the concept of Nash Equilibrium; essentially, every person has their own preferences for every action they perform. Part of their preferences is influenced by the money they receive, as opposed to the people they please. Their preferences are likely to decrease if its monetary value is gone completely.

Speaking from experience as a novice APP developer, my goal would be to create applications to please other people; to gain recognition, and to gain experience with developing applications for future employers. Why? Well I know if I impress future employers, then the long term gain would be greater than the short term gain. In short, I would be gaining monetary value from the applications I create for the long term. The purpose of me doing so is to gain something in return, whether it is reknown, or experience, it is still something I am gaining.

If however, we lived in a society where every item has no monetary value attached to anything, I would have zero reason to build an app for reputation, and experience; who am I trying to impress? Why would I need to build an app for other people, when I can build it for myself?

The point here is: when people build, create, and farm, without monetary value, or the concept of monetary value in the future, people's preferences change because people will become less interested in what other people want, because they will serve no purpose to impress other people, other than their own satisfaction.

In other words, if everything had no monetary value, I would only farm for myself, create apps for myself, and invent for myself. There would be no reason why I would do this for any other person, without any gains. The current system allows people to gain from doing all these activities; and that is why the current society works the way it does.

That's my two cents, though.
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Saoirse:3
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(Original post by cookiedough1)
What if things didn't have value though. If everything that we traded held equal importance between people and if we were able to distribute such resources out equally then surely people would have no desire to have things that others have, because isn't that were greed stems from? Us wanting things simply because we see others hold them in their possessions?
The only way people won't want things, is if they haven't existed. Communism theoretically works because Marx believed that when freed from the notion of having to go to work in order to survive, people would become more productive rather than less: technology would take over most menial jobs, and people would be free to be creative and hone whatever skills come most naturally to them, and they would do this out of boredom or a sense of purpose in life rather than necessity. If that worked, we could have our cake and eat it - the greater efficiency in production would mean luxury goods could still be produced, and everyone would have access to them because of our overall greater wealth and the total equality. The thing is that it only works, even in theory, if communism takes over the entire world: otherwise, the "bourgeoisie", the people who own the things that are most profitable and generally control the economy will simply leave to go elsewhere to a country where they are free to make as much money as they wish for themselves, leaving the communist nation in ruin. Since we haven't had an international communist revolution, we can only discuss the theory, not know what would happen in practice.

If you simply remove luxury goods, people would rebel against it: frankly, most people in the west are patently unwilling to give up their smartphones, cars and other goods either to share the money they have with those poorer than them or to mitigate the ecological damage often being caused by the growth of such products.
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Laomedeia
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(Original post by cookiedough1)
Okay so you may think i'm stupid for asking this, but this is a genuine question that I can't seem to figure out.

What would the world be like if money didn't exist?

That's my question and I can't seem to decide whether it would be better or worse.
I mean surely it would eradicate those major first world problems of poverty, starvation, homelessness. There would be no gap between the rich and the poor and generally wouldn't life just be easier?

What do you guys think?
It would probably be varied. There would be jungles, hot deserts, freezing arctic plains, dramatic highlands and vast oceans with massively varying forms of wildlife in them. Kind of like how it is now but without man-made jungles of glass and steel such as New f'ing York or London. The English would enjoy kicking pigs bladders into nets guarded by another bloke. The nets would be made of spider webs.
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Kravence
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Money is the motivation for the majority of things we have today.

Life would also be really boring since everything would come by easily with no hard work involved. No one's work would be valued either, people would drop out of education since there isn't much point anymore and suicide rates would probably increase a lot.
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HotDetermination
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Chaos; utter chaos.
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HotDetermination
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Think about it: without some form of currency how are you going to promote hard work? Less people will strive for greatness if everyone is given an equal footing. Of course, equality is good and all but the negatives still far outweigh the positives. The lack of effort people will put into their newfound livelihoods will have a huge impact on our society, for inatance people may stop working all together.
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Sternumator
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(Original post by cookiedough1)
Okay so you may think i'm stupid for asking this, but this is a genuine question that I can't seem to figure out.

What would the world be like if money didn't exist?

That's my question and I can't seem to decide whether it would be better or worse.
I mean surely it would eradicate those major first world problems of poverty, starvation, homelessness. There would be no gap between the rich and the poor and generally wouldn't life just be easier?

What do you guys think?
Money isn't the problem. Even without money you would have the problem of how you are going to feed and house people. Whether or not you have put a price on them, there is no doubt that food and shelter are valuable to people, people need them and they improve quality of life.

Imagine primitive humans who thought only about their most basic needs. You may have one man who is cold but has plenty of food and another man you has plenty of fur but is hungry. It clearly benefits them to be able to trade.

Money helps with that trade. Imagine the hungry man with fur goes to the man with food but the man with food doesn't want fur. Well then he can sell the fur to someone else, get money and then buy the food. It benefits all.

We have come a really long way since then, much of it down to trade and we enjoy an astonishingly high standard of living but the principle remains the same.

You may say would be better if the men pooled all their food and fur together and distributed it to who is most in need. That's fair point but your issue is with human behavior not with money. Take money out of it and people will behave in similar ways. Given how people behave money is really helpful to the system.
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Taran001
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The world would be unusual because commodities would be the currency
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Trevish
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There would be barter system like in the past, or they could have used precious stones as currency.
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Answers1992
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Sorry but it just depends how on the laziest in people. yes, keep the laws of the old testament. But you get to do anything you wanted but at the same time abey the laws. Why is money the root of all evil? I feel like this world is going to crap. HOW AN THE WORLD DID AMERICA ALLOW Donald Trump to be president? We the people, Why are we still at war? Why cant we all be eqaul? WHY DOES PEOPLE judge other people, like you ain' t any better than the rest of us. why is marijuana not legalized throughout the whole entire world? There are so many good things coming from it. Why does anybody's opinion really matter? The Indians use marijuana for medicines and they're still alive and they live to be old as dirt. Why not see what life is if money never existed. We the people can change that. Anything can happen as long as we use our brains. Why aren't people disciplining their kids like they're supposed to?
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username3765926
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(Original post by cookiedough1)
Okay so you may think i'm stupid for asking this, but this is a genuine question that I can't seem to figure out.

What would the world be like if money didn't exist?

That's my question and I can't seem to decide whether it would be better or worse.
I mean surely it would eradicate those major first world problems of poverty, starvation, homelessness. There would be no gap between the rich and the poor and generally wouldn't life just be easier?

What do you guys think?
Well basically, it would be the same. Money acts as a "third party" in the trading process. If you took money out of the deal, you would just be trading gift for gift. This would result in the trading options being converted to money, so you ultimately get the same thing.
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anarchism101
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(Original post by Unkilled)
Well basically, it would be the same. Money acts as a "third party" in the trading process. If you took money out of the deal, you would just be trading gift for gift.
Meh, gift economies don't really involve "trading" as such. That's what makes them gifts, ultimately.
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Picnic1
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Without a universally accepted currency, cliques would form who have their own form of currency. Not just crypto-currency like Bitcoin but payment by investment. e.g. if you want to buy an expensive watch, you have to give ownership of 0.1% of the value of your house.

It'd just create a more divided society because I see that people are so selfish, and have been groomed in to being so anti-socialistic, that they wouldn't use it as an
opportunity to have an honest village economics type of society.

A few mostly southern middle class people would but they're already well off.

It's a perversity that the people who most need socialism are the ones who are least socialistic. The noble parts of the working class (which
is not necessarily the majority of it I know) has been shafted in to a bloodied rump by Thatcherim and Blairism. They die for the middle class but they are not embraced by the middle class.

Our society is like the 1930s again now - or worse.
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Allie4
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It will be the same, people would just use something else as currency
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