What would happen if there was no money in the world?

In a money-less world, society’s output and services would no longer be limited by the availability of money. We would have a massive labour force available to produce goods and services far beyond what we produce today.

Are We slaves to money or slaves to society?

In short, we are slaves to money. But in reality, it is just an idea. These little pieces of paper are meaningless in themselves, rather a means by which our society is maintained, kept in some semblance of balance and order. However, from another perspective, money and the pursuit of it reveals a far more negative aspect of humanity, greed.

Do we really live in a cashless society?

But remember: This doesn’t mean we live in a cashless society. You can still pull out cash from the bank and stuff your grocery envelopes with it or even slip a few dollars under your kid’s pillow for their lost tooth. Cash is still alive and well, and no pandemic can take it down.

Why is the world filled with inequity?

The world is filled with inequity, most of which revolves around money. Those born into poverty have no choice in the matter, as is our good fortune born into wealth. The success or failure of political and economic systems comes from individual circumstance for which all associated populations endure the result.

When we live in a world with no money, we live far more relaxed, no money tension or worries and more happiness. 9. Countries will all get along. There will be nothing to trade, barter, kill off or fight about.

Why do poor people end up poor again?

This means, most of those who were poor will end up poor again. While those who used to be rich, will eventually gain back the wealth they had. Why? Because when it comes to building wealth, it’s the financial education, and its proper execution that really matters.

Will inflation always happen if the poor get richer?

Inflation will always happen not because the poor make more and more but in actuality because the rich get richer. What if I said creating a system which takes the basic bare bones mentality of money was the answer. I think we should have a system of “Society Credit” Let’s go into what I mean by that.

What would happen if everyone in the world was financially uneducated?

The financially uneducated people – like 90-95\% of the world population (?) – would probably squander their money fast AF. This would lead to high inflation in the short term, without improvement in the economy and probably a long term decline in productivity: it would lead to a net disruption of wealth.