Money is not needed in energy abundance
In order to understand the very basis of money, it is best to contemplate how it developed in the first place. Once society developed past the clan stage, when barter, trade and so forth arose, it became the practice to place value on the products of Human energy expended. If One used One’s energy to build a bow, go out hunting, kill an animal, process the carcass, and transport the meat back to be traded or bartered for, this gave that meat value. The bow components were free, as was the animal. The same was true for the farmer, who expended meaningful energy in tilling, sowing, tending, harvesting, and, if need be, transporting what that farmer produced. The produce had value. Even the gatherer expended meaningful energy in seeking things to gather and transporting the find back to be used as “money” for other things. The miner expended the meaningful energy to find the (free) ore, hew it out of the earth, and transport it.
Every Day is Earth Day
2012-12-11 15:44:03
Source: http://www.riseearth.com/2012/12/money-is-not-needed-in-energy-abundance.html
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