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This is why we need to transition to a post-scarcity world and eliminate the need for finance and economy. I'm not advocating for communism (as it doesn't work
by JaDogg 3y ago
This is why we need to transition to a post-scarcity world and eliminate the need for finance and economy.
I'm not advocating for communism (as it doesn't work when money is involved), it merely allows certain people to accumulate power while everyone else works for free. Capitalism is better because it offers the opportunity to climb the ladder, but it still leaves poor people suffering. More people might find happiness under capitalism compared to communism.
Universal Basic Income (UBI) will not work, as it is still similar to printing money, and poor people might end up worse off in the long run due to UBI-powered inflation.
In any case, I do not know if we can achieve a post-scarcity world. Will it lead to corruption and accumulation of power, similar to communism? I do not know. However, we can at least try to educate people more so that we can aim for a post-scarcity future in the next generation.