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What would the world be like without money?
Published by: webmaster 2010-03-18
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  • I'm doing a speech on this topic and I'm wondering if you guys have any ideas?


  • Complicated. See what kinds of things get exchanged in a bartering club.


  • probally a whole lot better than it is now . you woldnt have greedy mfers stabbing you in the back to put money in thre pockets. for instance look at the tirbes in africa that have no money they are more family oriented and work as a team


  • Full of trusting people, moral and clean. Kindness would rule. No greed. Every man would live under his own vine and fig tree. Everyone would be free to love one another and have time to understand each other. It is possible, you know.


  • Money is often blamed for a lot of bad things, like greed, selfishness and corruption in our society. But money is just another commodity, like apples or gasoline.

    Let's say you earn $20/hour at your job. When you go to work, you are trading each hour of your time & labor for 20 units of these things called dollars. Later when you go shopping and decide to buy a $2 loaf of bread and get a $25 oil change for your car, you are swapping 2 units of dollars for one unit of bread and 25 units of dollars for one service of having your oil changed.
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    Money evolved because it is a convenient means of exchange, and of storing the value of your labor for later use. Without it, it would be very hard to barter for the things you need. Maybe you could work a few minutes for the baker and a bit over an hour for the auto mechanic, but then you may as well bake your own bread and change your own oil. Or you could use something else as a medium of exchange, like seashells or gold dust, but then all you're doing is creating a new form of money, since it would be serving the same purpose as dollars do now.

    Note that the laws of supply & demand also apply to money. If a baker bakes too much bread and there isn't enough demand for it, he'll have to lower his price if he wants to sell it all. Too much bread produced means that the value of each loaf has gone down. Similarly in modern times, the government is the sole monopoly producer of dollars. (It wasn't always like this, though....) If the government prints too much money, the value of each bill goes down, and is worth less. So you need to trade more bills for whatever it is you want to buy. This is what inflation is. In WWII Germany and modern-day Zimbabwe, the governments of those countries printed so much money that their currencies became worthless rather quickly, losing about half their value every day. They did this because they (the governments) needed a lot of money for their various programs. This rapid loss of value is called hyperinflation. What inflation and hyperinflation really are are just a means of transferring value from private hands (citizens & businesses) to the government.
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    If a country has, say, $1 billion in private hands, and the gov't prints another $1 billion in bills, then each dollar is worth only half what it was worth before, but now gov't owns half the total value of money while the money in private hands is also only worth half what it used to be. So this is equivalent to, though a more sneaky way of, passing a 50% tax on all money.

    So, there's your economics lesson for the day. To see what society would be like without money, you should look at some ancient societies that operated purely on barter. But you can also look at some more recent societies where the governments have caused so much hyperinflation (again, WWII Germany & present-day Zimbabwe being good examples) that the currency is essentially worthless. In both cases, a no-money society and a worthless-money society, neither is a place most any of us would care to live in.
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  • We already know the answer to that, because primitive civilizations didn't use money. Basically, either money enabled civilization, or civilization necessitated money, but you can't have one without the other.
    Oh, and there are 'mfers' who stab you in the back in these 'families'. Its called cattle-rustling in masailand.
    edit:
    Please read and re-read the answer below. If i wasn't such a lazy fart i would have typed exactly that. Whoever wrote this has a head on their shoulders.





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