Could modern society ever function without money?
Culture
Economy
Modern
Money
Society
Asked by: Remco Lammers
Ryan Mars
I believe not, it's simply to complex to function without money. People are gready and almost always want anything in return. There are cultures that build relations without money or goods, however they are far from modern.
FahimSach
I'm unsure whether you phrase this question in a technological context (e.g. cashless society) or a more common sense context (e.g. alternatives to using money).
We need some form of a medium of exchange in order to be able to interact, trade and to some extent be able to communicate. Money is essentially based on faith alone, if we lose faith in the intrinsic value of money then the whole system could collapse.
Now, in terms of a technological context, you can now pay for things on your smartphone, credit cards take away some of the need to carry insurmountable bundles of cash in your wallet and Money is being substituted in the socially-conscious world for things like deeds and other activities. Sort of like bartering for the modern world. I'd like to see it happen, if only out of curiousity.
K_Dil Entrepreneur from Amsterdam
We are taught to use money as an exchange for goods and services. However, there are other alternative ideas about the concept of money. One of them, for example, is 'Time Banking'. In this monetary system units of time are being used as a currency.
Quote: Time banking is primarily used to provide incentives and rewards for work such as mentoring children, caring for the elderly, being neighborly—work usually done on a volunteer basis—which a pure market system devalues. Essentially, the "time" one spends providing these types of community services earns "time" that one can spend to receive services. -
Seyfang, Gill. "Time banks: rewarding community self-help in the inner city?" Community Development Journal 39.1 (January 2004): 63.- via: Wikipedia.org
The mission of TimeBanks is to nurture and expand a movement that
promotes equality and builds caring community economies through
inclusive exchange of time and talent. More @ http://timebanks.org/
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