Will Technology become so Advanced that it will remove the need or relevance of money?

[MonteRCMS]

Barter is fully taxable.

[Gifting is not fully taxable.]

 

[niceatheist]

Societies existed without modern notions of commerce. While hunter gatherer societies do trade, for the most part they could survive relatively autonomously. The question is can large complex societies survive without it. I suspect yes, since it won’t happen all at once and we probably have generations to adapt.

 

[tafan2]

Not really. Pure barter societies have almost never existed, see medium of exchange was used even in primitive cultures.

 

[QContinuum]

In fact i think that the government and certain elite individuals would suppress that kind of technology as it would dramatically reduce the power that they have.

I don’t believe they’d suppress it. More like use it against the unwashed masses.

I think the declining birth rates are a combination of social programming, increasing scarcity of natural resources, education, and…perhaps a niggling subconscious awareness that if technology can do the things people once did, the TPTB won’t need nearly as many of us around.

That spells bad things.

 

[IWantGod]

technology can do the things people once did, the TPTB won’t need nearly as many of us around.

Yes, technology, as it develops, does bring on this foreboding feeling that at some point much of the work we do now will no-longer be available to us in the future. One example of this reality coming to fruition is the fact that when we go shopping we no longer have somebody at the till/cash register in most supermarkets. We now have machines where the customer can do it themselves.

 

[QContinuum]

Tis true. It isn’t just the service industry.

I see it in the tech industry every day. My engineer group has gone through multiple layoffs as the company automates and contracts out more and more. The many vendors we work with are subject to the same.

I keep hearing that what jobs automation replaces, technology will somehow create more. Not seeing any indication of that from my vantage point. Unless we’re all expected to become bloggers and eBay sellers for a living.

When pressures reach a threshold, watch some new deadly virus suddenly come to the fore. Or mulitiple viruses.