Discussion of Forex Trading and Currency Trading

can we eliminate currency if….?

we built robots intelligent enough to do the work for us? People out their nowadays fear that robots may soon take some of our jobs, but if you build enough robots operating the world, their won’t be a need for jobs (Except building the robots and maintaining them) and everything will be built for free, and everything would be free. At least, can we increase the value of the $ to buy things way cheaper if robots can manufacture things for free? Perfect world eh

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3 Responses to “can we eliminate currency if….?”

  1. kristenlena Says:
    June 9th, 2010 at 4:24 am

    Umm no. We are already losing jobs to "robots" or machines or we are outsourcing the work to cheaper labor in poorer countries. And no workie means no pay checkie.

  2. No because the humans who need to maintain the robots need to be paid, usually in currency. Also even though the robot labour would be free/cheap the raw materials they utilize in construction projects will need to be paid for, usually in currency.

  3. You are missing a vital point. Even if we could build robots to do any job (and one would presume you could build robots to do the job of building and servicing other robots too, btw), there needs to be some mechanism for deciding how to allocate resources — All resources are scarce (including the robots), so we need do determine how to deploy them, and how much of what products to make, where, and when; and how to organize all the vast and complex supply chains behinds products and services.

    That’s what money and the pricing mechanisms do, combined with free markets — they provide a system to communicate and compute the efficient allocation of resources. It is consumers spending money and producers charging for products and services that make it all possible. So you’d still need money even if there were no human jobs — and some system of granting the money to the lazy nonworking humans so they can spend it.

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