What happens when the market no longer regulates?
The market regulates even without money. Of course there is still demand and supply. The regulation that is now carried out by the free market with all its disadvantages such as overproduction or the creation of artificial bottlenecks is taken over by today’s communication options. Some economists say that money is a market communication tool, a very outdated view. There are much better means of communication today. What is now being striven for with Industry 4.0 in order to make large competing companies more competitive will then be used for general communication with one another and to ensure the prosperity of all people. You no longer have to look for the cheapest provider, but rather the providers that consumers choose.
Where does investments come from when there is no growth?
In the current economic system, investments are paid for from the surplus of growth. Think of a company that builds large laser cutters for industry. The employees of this company would certainly continue to build these machines even after the abolishion of money, since they get their “bread” for free in the evening. Now a car manufacturer wants to buy such a modern cutter system and orders it. The laser manufacturer delivers them and installs them at the car manufacturer. Simply because the employees worked without getting any money. And so it continues throughout the economy, simply due to the fact that no money is flowing. Growth no longer matters because investments are gratis.
How is the economy developing?
Perhaps the economists are now saying – but that’s not how it works. There are no laws for it.
But of course there is a law. There is the law of reason, which is above all artificially created laws. And the law of reason says that we are given raw materials from the earth and, through our labor that we, say, received from God, process them for our good until we can enjoy them together.
Everything is free. We get the natural resources from the earth and the labor costs only the daily supply that we and others create. At the time when money disappears, we are all equipped with food, clothing, energy, water and technical equipment. And the amount of people on earth don’t increase regardless of if the money disappears. Everything stays as it is in the moment, only the money is gone. It’s no problem, because money is not a protective helmet without which one cannot enter the construction site.
Large and global companies will break up into smaller companies. The trend to save labor will be reversed and there will be job opportunities for many.
Small and medium-sized businesses are increasingly being run like real family businesses. The ownership structure is clear and simple and since there is no competitive pressure, the company management will be able to take care of the good working atmosphere even better. Your reward is recognition by your employees, the best reward.
It will be similar in agriculture. Since there is no competitive pressure and no incentive for management to get rich with money, the fields and stables will become smaller again. Over time, people’s mobility will decrease because you don’t have to travel far to earn a little more. This will free up large agricultural areas for food production that are now needed for the production of biofuels.
In today’s countries of origin of cheap agricultural products, regional agriculture will return, which has disappeared due to mass production. The natural equilibrium that has been broken by market competition will gradually be restored.
Civil society, made up of commons, will grow very rapidly as there is no longer any difference between paid and unpaid work. Everyone will find a job there according to their abilities and inclinations. A strong civil society will probably also devote itself to major tasks that are unthinkable today because the money is lacking. Areas of the earth that have become deserts through human activity could be reclaimed. That is much easier than the realization of existing plans to colonize the moon or Mars.
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