A World Without Money

A World Without Money

Chris Skinner

Chairman at Financial Services Club

Chris Skinner is known as an independent commentator on the financial markets and fintech through his blog, the Finanser.com, as author of the bestselling bookDigital Bank and its new sequel ValueWeb. In his day job, he is Chair of the European networking forum: the Financial Services Club. He is on the Advisory Boards of many companies including Innovate Finance, Moven and Meniga, and has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), one of the Top 5 most influential people on BankInfoSecurity’s list of information security leaders, as well as one of the Top 40 most influential people in financial technology by theWall Street Journal’s Financial News.

Views 416

A World Without Money

26.04.2017 01:15 pm

I have no academic papers or historical research view on what I’m about to post, although I will find some, but I was reflecting on my discussions of revolutions in humanity.  In particular, the second age of humankind, when we invented money as a control mechanism.

Before this seismic change, money didn’t matter.  We shared beliefs that allowed us to live together in relative peace, but the creation of money changed the balance of humanity.  Some of us became more powerful, whilst others weaker.  In fact, the biggest change between the first age and the second age is that it is no longer muscle that wins.  It’s brains.

Money is just a myth, invented by the powers that be to control the masses.  This is a truism that is explored over and over again on Ted Talks, in the movies, in the media and in life.

Think about it.   Ancient tribes didn’t care about money.  They cared about food, shelter and basic human needs.  There is a tribe in the Bay of Bengal that no one visits, because they attack any sign of humans.   I’m sure they don’t have money.

The article originally appeared at: Chris Skinner's Blog

The reason I’m writing this is that I’m wondering about the future of money.  If money is a myth, created by governments to control the masses.  Then what happens if we have no money in the future?

That is an idea put out there by Gene Rodenberry, the creator of Star Trek, and seems to be supported by libertarians who want money without government.  What is the point of money without government  when the whole point of money is to create an unfair distribution of wealth in society.  By creating an unfair distribution of wealth, you create those who are controlled and those who are controlling.  Those who are controlling gradually concentrate their wealth into the smallest number of hands.  This is why 8 men today have half of the world’s wealth.  Just 8 men.

Without money, what are we?  All equal?  But some must surely be more equal than others.  That is the point of government, wealth and the uneven distribution of wealth.  It is part of being human.

The futuristic vision of Star Trek is that the acquisition of wealth no longer drives humankind.  IT is the betterment of humanity through exploration and knowledge.  What is the point of that?  Without wealth, we have no leaders.  Without wealth, we have no drive.  Just ask the Norwegians or other countries where everyone has a basic income guaranteed.  If you need not work for shelter, food and fun, then why would you work?

OK, OK, I’m going off on a tangent but the core of humanity is power.  Power is gained through the accumulation of wealth but, before money was invented, power was gained through the gravitas and muscle of the alpha males of our colonies.

Could you imagine if we stripped the world of money and wealth and, tomorrow, returned to a world where wisdom and muscle ruled?  Where would Donald Trump, Vladimir Putin and Recep Tayyip Erdoğan be?  What would happen to Africa and the suffering nations of the Sudan, Somalia, Djibouti, Ethiopia and other countries?

Stripping the world of the wealth focus and monetary controls could be an interesting future nirvana … or it could be anarchy and destruction.  What’s your view?

This article originally appeared at: Chris Skinner's Blog

Latest blogs

n/a n/a

How COVID-19 Is Ushering In a New Era of Cashless Technology

  Image source: https://www.pexels.com/photo/person-shopping-online-3944405/   Cashless technology isn't a completely fresh concept. People have been using credit cards for decades, and the market for fintech services has been Read more »

Jean Shin tyntec

Using WhatsApp for 2FA is the Future of Banking

From user authentication and password resets to transaction verification, two-factor authentication (2FA) offers basic but useful protection for consumers. The 2FA process typically sends an SMS sent to the customer with a one-time password (OTP). Read more »

Amir Ghodrati App Annie

The Role of Fintech Apps in Navigating This Period of Financial Insecurity

Economic instability has been ricocheting throughout the stock market in the wake of the global coronavirus pandemic. Its effects have been felt across all industries, with winners and losers’ across different sectors. So, how has fintech Read more »

n/a n/a

How to Choose a VPN for Digital Privacy & Security

In a world where almost everything is connected, and where hackers and other malicious people are roaming the internet, it is always advisable that you take every precaution that you can to enhance your data security and privacy protections. Using a Read more »

Ben Slater Instaclustr

The Case for Adopting Open Source – Own Rather Than Rent the Foundations of Your Business

For some time open source was seen as something that only the biggest companies could use and play with. But with the modern, increasingly fast business environment, the use cases for open source are in everything and the technology is increasingly Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel