Abundance: The Future Is Better Than You Think

I agree with the basic idea, but the sad fact is, that we will not be able to create this better future society while we are lioving in the monetary system. Monetary system can not function when there’s abundance. It is absurd, but true: abundance create an economic crisis in the monetary system – and only way for thexsystem to start functioning again is to create scarcity (usually by market manipulations or a local or global war).
So we will havwe to wait for the automation to create the final and total end of the monetary system and then create a form of a resource-based economy and replace the politics by the aplication of the scientific method. Want to know more? Visit us at http://www.thevenusproject.com.

Socrates-
Great interview! I agree with the previous commenter that an advanced technological society can’t coinside with monetary economics. Let’s take look back at the series of recessions since the personal computer was developed. Look at the employment lags during recoveries since 1982 http://www.crgraphs.com/ (first graph entitled, percent job losses post WWII). What you’ll see is that the employment lag, as the rate of technological change increases, grows longer and longer. So what has brought us back from these lags? A series of bubbles increasing in size. Look at corporate profits these days, they are at record levels. Why? Companies no longer need large payrolls that drag down their profits. They can merge, aquire and outsource with incredible efficiency. So what we’re left with astronomical concentrations of wealth, to the top percentile and again the need for additional credit expansions. Last point, where do the top students in math and science these day go after college? Wall street, where physicists are creating highly explosive financial products, the likes of which increase the last downturn exponetially.

Lol! Your right Socrates! My hope is that Mr. Diamandis and Mr. Kotler are, intentionally, not following their ideas through fully, in order to make post scarcity models more palatable to a wider audience. And it did seem that that was the case judging from your interview with Mr. Kotler. He seemed to pause as if he knew exactly what you were getting at when you asked the question of money, as though they’d talked in depth about weather or not to include it. Your interview was brilliant. Thank you.