Does Globalisation make the concept of money redundent

Is money really worth anything

Published on March 4, 2006 By zergimmi In Politics

Lately I have had cause to ask this question, does money really matter any more should we move on, and when pondering this question there are reasons to conclude both yes and no. I am interested to see what people think, more so than just putting forward my own observations.
I find that more and more we are discussing money less and less.

Comments

cactoblasta

on Mar 05, 2006

You must be loaded! Money's pretty important to me. I have to keep an eye on how much I spend so that I can still afford groceries and petrol. So obviously money is still worth something to me. Perhaps it's different for you though.

Bunnahabhain

on Mar 05, 2006

does money really matter any more

Of course it does. This ain't Star Trek, and communism pretty much fell flat on its face.

should we move on

To what? I'll make a suggestion here; a global currency and worldwide free trade need to happen first. Somehow I think we'll all be driving flying cars before we get both of these.

Then there's the whole issue of "electronic cash" vs. hard currency. It's going to be a long haul getting all of society to accept a soft currency. Heck, how many people dislike direct deposit of their pay? Those that think that having a cheque in hand is somehow better or safer have little idea of how banking works.

As long as there's not enough of everything to go around to meet everyone's desires, and there is a difference in what people feel is a sufficient contribution to society, money will exist is one form or another.

cacto

You must be loaded! Money's pretty important to me.

You can say that again!

bakerstreet

on Mar 05, 2006

Currency is going to undergo a serious change in the future, though. When our grandparents had money, it was THEIR money. It really wasn't, but they believed it was and no one disputed them. If they wanted to stuff their mattresses with it they could.

Now, though, we are being reminded that we don't even own money. It is government property, not ours. The symbolism of money is the problem, but now in the digital banking era, currency is more of an annoyance to business and government. We're going to see less and less of it.

Take, for instance, the case recently when people paid off too much of their credit card debt and was investigated by the BHS. Right now it is illegal to carry more than a certain amount in many states in the US. Money is getting to be regulated the way precious metals are. It's just too easy to dodge taxes and act illegally when you use cash that doesn't leave a digital trail.

I think we have another 50-100 years of currency, and we'll probably discard its use altogether.

Rightwinger

on Mar 05, 2006

~~~"Does Globalization make the concept of money redundant?"~~~

No, but my wife does!

Ba-Dum-Bum! Chssssh!

Thank you! You've been a great audience! Good night!

Texas Wahine

on Mar 05, 2006

Heck, how many people dislike direct deposit of their pay?

Heh, direct deposit is the BEST. In my family we rarely use or carry cash. Debit cards are accepted pretty much everywhere (except the haircut place on post and my sushi place, grr), and it makes things so much easier.

zergimmi: I don't understand why globalization makes the concept of money redundant. Could you elaborate?

No, but my wife does!

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