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the future of money
To my mind, money will come back to its roots. Once it was just a medium to weight and transfer goods. I think in the future it can be possible, that nations move up to each other and that there will only be one currency unit in the world. That might sound unimaginable, but why do we have different currencies in different countries? Why do currencies have different values? Why is a hamburger in Germany not as worth as in India or Brazil? As far as I know, it's a question of how strong an economy is.
For me it would be much more easier, if we pay the same price for the same goods in every country. Then every worker would get the same wages for his work and every economy would develop up to a common state. In connection with that, I don't think that there will be so many countries in this world like we have now. The EU was the first step (of course there were some mistakes), but in the future I think we will make towards each other.
What do you think?
Views: 43
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Comment by Christian Binder on May 25, 2012 at 10:25am
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I like the idea of simplifying the current system of money and to have just one currency in the world.
However, I think it will not be possible have just one currency in the world (or even a few) as there exist too big economic and productivity differences around the world.
If the economy of one country is getting weaker or is in a recession for example, it would not be possible to devaluate the currency. There this country will not have achance to get competitive again and as a result will get bankrupt.The current euro crysis is just one example, where countries with different profitabilities and economies such as Greek and Germany have issues because it is not possible to revalue a currency. If there would only exist a few or even only one currency in the world the wh*** system of money would crash.
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Comment by Martin Meinel on May 29, 2012 at 6:43pm
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Of course the vision of one worldwide currency is an utopia for us now. But I hope that there a possibilities in the future to brake those barriers you are talking about, Christian. We must not think of how we could develop new things with the existing system, but we should question the situation today and how we could improve it through mindchanging innovations.
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Comment by Juanjuan Yin on May 30, 2012 at 10:01am
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The idea slightly reminds me of the communist system which is also trying to create a world equal to us all. The idea itself is brilliant but will never work as long as people are greedy.
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