Money can and should be abolished, but the best way to do so is to work towards a fully publicly owned and centrally planned economy and work towards the use of labor vouchers, which are destroyed upon first use. Eliminate production for profit and replace it with production for use.
I’m not of the opinion that money should be abolished, not even necessarily “eventually.” Maybe a time will come when it makes sense to, but I don’t have the foresight to speak meaningfully to that.
I think it’s important to understand that “money” as it exists within markets exists in a manner to be exchanged and accumulated. Labor vouchers are a type of "currency,” but as they can’t really be accumulated in the same manner money for exchange can be, may make sense in the far future.
It’s mostly a moot point because we lilely won’t make it to the level of centralization necessary for such a system in our lifetimes though, and our successors can figure out potentially an even better system.
I see the sentiment that money should be abolished here all the time, but this is the first time I’ve actually seen a proposed replacement. It’s an interesting idea.
If anyone wants do go deep into non-monetary economic systems, I haven’t read/listened-to much of their work but economists and computer scientists like Cockshott have researched planned non-money economies.
Money can and should be abolished, but the best way to do so is to work towards a fully publicly owned and centrally planned economy and work towards the use of labor vouchers, which are destroyed upon first use. Eliminate production for profit and replace it with production for use.
A few related thoughts.
I think it’s important to understand that “money” as it exists within markets exists in a manner to be exchanged and accumulated. Labor vouchers are a type of "currency,” but as they can’t really be accumulated in the same manner money for exchange can be, may make sense in the far future.
It’s mostly a moot point because we lilely won’t make it to the level of centralization necessary for such a system in our lifetimes though, and our successors can figure out potentially an even better system.
I see the sentiment that money should be abolished here all the time, but this is the first time I’ve actually seen a proposed replacement. It’s an interesting idea.
It’s Marxist, so you can go to Marx for more on that, though he didn’t spend much time describing how he thought Communism would function.
If anyone wants do go deep into non-monetary economic systems, I haven’t read/listened-to much of their work but economists and computer scientists like Cockshott have researched planned non-money economies.
A summary: https://dessalines.github.io/essays/paul_cockshott_cyber_communism.html