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RE: Another Billionaire Warns of Catastrophic Depths Not Seen in 5,000 Years - and Emphasizes Gold
@dollarvigilante...I believe we are close to Start Trek days in which we will not have #money. We will be valued based on what's in our head. Hope you can read my article on human capital deepening and give me your take on this...how do we make #money when there is no more? Would love your take on this concept. Thanks.
The only reason why the Star Trek "economy" works without any sort of money is because they've eliminated scarcity. They can use replicator technology to create whatever they need.
But even then, not all things can be replicated: Things of subjective value like writing, art, film, even new inventions will still require work by human hands and will be valued differently by different people. There will always be markets for something even if basic necessities are no longer scarce.
P.S. The Star Trek economy is all mixed up and seems to change from episode to episode.
It's called UBI, Universal Basic Income, and I highly recommend looking into it.
Interview on Basic Income with Scott Santens