A world without money!

This is an extract from an essay from The Resource Based Economy, a site dedicated to a world, which is free from the vicious grip that money has on us all. Where greed and competition are replaced by a realisation that only by mutual interdependence can we realise fulfilled and purposeful lives. To read the full article or to learn more about their work, click here

A resource-based economy is a society where money, is no longer used. Where the earth’s resources distributed equally without any form of exchange, barter or payment. It is not a new communistic approach. Neither is it socialism or capitalism. It’s beyond communism, socialism, feudalism, fascism, capitalism or any other ‘ism’. It’s beyond any social system that has ever existed on this planet, at least in our awareness. In communism the state owns everything. In socialism the state owns something while the rest is privately owned. In capitalism everything is privately owned.

The term and meaning of a Resource-Based Economy was originally conceived by Jacque Fresco, founder of the Venus Project. It is a system in which all goods and services are available without the use of money, credits, barter or any other system of debt or servitude. All resources become the common heritage of all of the inhabitants, not just a select few. The premise upon which this system is based is that the Earth is abundant with plentiful resource; our practice of rationing resources through monetary methods is irrelevant and counter productive to our survival.


Modern society has access to highly advanced technology and can make available food, clothing, housing and medical care; update our educational system; and develop a limitless supply of renewable, non-contaminating energy. By supplying an efficiently designed economy, everyone can enjoy a very high standard of living with all of the amenities of a high technological society.


A resource-based economy would utilise existing resources from the land and sea, physical equipment, industrial plants, etc. to enhance the lives of the total population. In an economy based on resources rather than money, we could easily produce all of the necessities of life and provide a high standard of living for all.

In a resource-based economy the world’s population doesn’t ‘own’ anything, but has access to everything. Anything ever needed, like food, clothing, housing, travel, etc. etc. is provided in abundance through the use of our updated knowledge, values and technology. There’s no ‘state’ that is the owner of the resources, and nothing is privately owned. In RBE the world’s resources are considered the heritage of all the inhabitants of this planet, not just a select few. RBE is not a society where we will live in scarcity with few resources. It is not a society where a few control and distribute the resources. No, it is a totally new society where we let today’s and tomorrow’s technology be developed to it’s fullest to work for us, and where we utilize knowledge about nature and technology to provide a life in abundance for everyone. It is a society where we truly have the option to take care of each other instead of struggling to survive.

It is a totally new way of life, unimaginable within today’s value system, but still something most people truly long for in their hearts. It is a world where we can call ourselves Free and live with dignity and respect for each other, nature, the planet and the universe. It is a concept where value no longer is measured by money, but rather by the joy we feel, the contributions we make, and the development we take part in. It is a society where we utilize our minds and hearts in providing a healthy life for everyone, developing our knowledge about nature and technology, and using this in the most sustainable way.

Imagine a world without money, barter or exchange, where everything is provided for everyone, and everyone can pursue their own interests and dreams and live in the way they want. Be it moving closer to nature and grow your own garden of delicious vegetables, travel the globe and experience the wonders of the planet, make and perform your own music or collaborate with others to develop a new invention for the betterment of society. In a society where we don’t have to think about money and profit, we can truly develop ourselves and the human race into something completely wonderful.

The monetary system
The monetary system doesn’t work anymore and is obsolete. This is obvious when you look at today’s world with increasing unemployment, financial crisis, endless consumption producing endless waste and pollution, not to speak of crime and wars. You could say money has outplayed its role on this planet. It produces greed and corruption through the profit motive we are all a slave to. The economy is falling apart, and everyone seems to be struggling to get richer and richer or just to make ends meet. The financial crisis has so far made over 200 million more people end up in poverty. Now, about 2 billion people in the world are considered poor. Poor countries that have received massive loans from the World Bank have become much poorer after receiving the loans, because of the interest. And they can only hope to pay it back. The collective external debt of all the governments in the world is now about 52 trillion dollars and this number doesn’t include the massive amount of household debt in each country. How can we owe each other so much money??? Because we think we need it.


We don’t need money
It turns out that it’s not money we need. We cannot eat money, or build houses with them. What we need is resources. Food, clothing, housing, etc. Money is just a hindrance in making the resources available for everyone. Imagine if there was no money. Right now. No money. Everything would still be there, wouldn’t it? The trees, the mountains, the houses, cars, boats, air, grass, snow, rain, sun, animals, birds and bees and the people. Nothing has changed, really. Why? Because money doesn’t really exist. There’s no money in nature. It’s only an agreement between the world’s people, made up thousands of years ago as a means to control the world population. Instead of slavery, where one had to feed, house, nurse and guard the slaves, one invented money. With money everyone would have to fend for themselves, while the rulers collected taxes, controlling the masses.

It was a means of which people could trade stuff that they all needed. Labour, food, housing, etc. If it wasn’t scarce, there was no need to charge for it. Like water and air. The rulers claimed ownership to land, and thus became the “owners” of this land. They could then charge others for using it and for stuff that was produced there, like it is today. And the property could be sold and inherited in the bloodline. “Banks” became invented, and eventually; loans. And now society has become addicted to it, like a drug. But, like a drug, money is something that we don’t really need, we only think we do.