Poll A World without Money, are you excited? (22 votes)
The 4th Industrial Revolution, dubbed 'The Robot Revolution' and 'Industry 4.0', the future where human labor will be taken over by automation or artificial intelligence (AI), and it's coming, the World Economic Forum of 2016 says by 2020, a lot of jobs will be replaced by automation, and that will be the trend in the continuing years to come, in the next 20 to 40 years, the human workforce will dwindle until we will become unemployable.
But what about jobs in Information Technology (IT) and engineering, AI will still need to be built, designed and repaired, right? Unfortunately, jobs in IT and engineering aren't safe from the Robot Revolution, as we speak, self-learning AIs are being developed, self-learning AIs are capable of learning how to do a job on their own without human intervention, by going into the Internet to learn a new skill, so eventually, AIs will learn to build and repair themselves without the need for human intervention, ironically, the end goal of a IT programmer is to automate processes, thus rendering themselves obsolete.
In Industry 4.0, goods and services will become cheaper than now or even free, because goods and services will be mostly be done by AI, we eliminate the need to pay for a human worker's salary, food, water, shelter, clothing, medical needs, vacation leaves, which contribute to the overall price of goods and services, and in order for money to flow, a lot of people must be employed and be employable, right now, money is flowing hard like water, but soon, the flow turns into drips, until money doesn't flow at all, the need and importance of money for survival won't be a necessity to living any longer, the importance of money won't be as important as it is right now, because right now, we categorize people by class based on the amount of money they have or lack thereof, those without money are poor, those with it are better off, those with lots of it are rich, while those with too much of it are the super rich, but that won't be the case in Industry 4.0, in Industry 4.0, everyone is equal, the class system will become obsolete.
Without jobs, no income, without income, no money flow, without money flow, money won't be able to exist, and capitalism will become obsolete because of this, and we will be living in the Star Trek style future;
Star Trek: The Next Generation, Season 1 Episode 26, "The Neutral Zone";
Captain Jean-Luc Picard: A lot has changed in the past three hundred years. People are no longer obsessed with the accumulation of things. We've eliminated hunger, want, the need for possessions. We've grown out of our infancy.
Ralph Offenhouse: You've got it all wrong. It has never been about possessions. It's about power.
Captain Jean-Luc Picard: Power to do what?
Ralph Offenhouse: To control your life, your destiny.
Captain Jean-Luc Picard: That kind of control is an illusion.
Ralph Offenhouse: Really? I'm here, aren't I? I should be dead. But I'm not.
LATER...
Ralph Offenhouse: There’s no trace of my money — my office is gone — what will I do? How will I live?
Captain Jean-Luc Picard: This is the 24th century. Material needs no longer exist.
Ralph Offenhouse: Then what's the challenge?
Captain Jean-Luc Picard: The challenge, Mr. Offenhouse, is to improve yourself. To enrich yourself. Enjoy it.
Star Trek: First Contact;
Captain Jean-Luc Picard: The economics of the future are somewhat different. You see, money doesn't exist in the 24th century.
Lily Sloane: No money? You mean, you don't get paid?
Captain Jean-Luc Picard: The acquisition of wealth is no longer the driving force of our lives. We work to better ourselves and the rest of humanity.
Recommended viewing:
Humans Need Not Apply by CGP Grey - https://www.youtube.com/watch?v=7Pq-S557XQU
Industrie 4.0 - The Fourth Industrial Revolution by Siemens - https://www.youtube.com/watch?v=HPRURtORnis
Imagine A World without Money, debt and Slavery - https://www.youtube.com/watch?v=yeIgtpvFXcU
Recommended reading:
WEF: Robots, automation, and AI will replace 5 million human jobs by 2020 by Lianna Brinded - http://uk.businessinsider.com/wef-davos-report-on-robots-replacing-human-jobs-2016-1
The Future of Jobs by the World Economic Forum (WEF) - http://www.weforum.org/reports/the-future-of-jobs
Google develops computer program capable of learning tasks independently by Hannah Devlin - http://www.theguardian.com/technology/2015/feb/25/google-develops-computer-program-capable-of-learning-tasks-independently
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