Seems to me that money, ultimately, is originally a marker of work done and a common denominator of exchange. It is far easier and more efficient to trade standardized coinage for a farmer's bacon than to (1) figure out that the farmer wants/needs some nails to complete a new pig pen, then (2) find someone who has some excess nails, then (3) figure out what THEY need in exchange for the nails.

Historically, problems with money arise when (1) people no longer deal directly with sources of product, but deal with service-providers/middlemen (wholesalers, distributors, retailers, etc.) who need to profit from their transactions (thus driving up product cost) to remain in business; and (2) banks that not only charge interest on the money they loan (a legitimate function) but also INFLATE the money supply by multiple loans which exceed their supply of money (causing inflation).

In addition, the whole concept of money will shortly, possibly within a decade or two, become largely impossible. Reasons: automation, 3D printing, robotics, all of which will result in MASSIVE (90%+) unemployment, but essentially "free" or dirt cheap goods in many areas.

When automated machinery becomes self-repairing, or gets made and repaired by OTHER machinery, the labor cost essentially becomes zero.

When raw materials and food are mined/farmed by robots made by robots made by robots, the materials cost essentially becomes zero.

When products, from clothing to cars to foods, are created by 3D printers running on "boutique" software (think the apps currently being produced for smart phones) the middlemen start to disappear.

The answer? I really don't know. Perhaps something like the "Social Credit" scheme discussed in Wikipedia. Social credit - Wikipedia, the free encyclopedia

Just my ponderings. YMMV
Old Guy in Stanton Reviewed by Old Guy in Stanton on . A world without money Recently, my beliefs have grown to new heights. What I perceive to be true absolutely shatters the belief system of most people. One of the thousand interconnected ideas is one that a "monetary based society" is inherently disruptive to natural human behavior. We all live in a monetary based society. It's a society based on money. Everyone has heard the phrase "money is the root of all evil", yet we all are slaves to getting and spending money. On Earth, forget just the U.S. alone, Rating: 5