Post-Capitalist Currency

[Red Blue Pen]

After the fall of capitalism, what do you think the role of currency in society should be?

[Winter]

After the fall of capitalism, what do you think the role of currency in society should be?

Hopefully a diminishing one! But realistically, during socialism, currency is still a necessary evil. Wages would be more equal, and due to a progressive tax, the huge gap between the rich and poor will be closer, and eventually closed once and for all.

[Die Neue Zeit]

^^^ I'm not sure if wages should exist in the socialist mode of production:

http://www.revleft.com/vb/scientific-anarchist-late-t72293/index.html



Anyhow, I am under the assumption that you are referring to the end of the capitalist mode of production itself, and not the end of bourgeois rule (which comes much earlier).

[Sentinel]

Energy Accounting, the method technocrats are proposing, seems like a very interesting option for any modern post-capitalist system.

Wikipedia definition of it:


Energy Accounting is the hypothetical system of distribution, proposed by the Technocracy movement (http://www.anonym.to/?http://en.wikipedia.org/wiki/Technocracy_movement), which would record the energy (http://en.wikipedia.org/wiki/Energy) used to produce and distribute goods and services consumed by citizens in a Technocracy, or Technate (http://en.wikipedia.org/wiki/Technate) as the movement calls it. The units of this accounting system would be known as Energy Credits, Energy Certificates, or simply Energy Units. Energy accounting would replace money (http://en.wikipedia.org/wiki/Money) in a Technate, but unlike traditional currencies (http://en.wikipedia.org/wiki/Currencies), energy units could not be saved or earned, only distributed evenly among a populace. Energy credits would probably not have to be physically handled by the citizens themselves, as the system would likely be computerised. In this proposal, the Technate would use information of all available natural resources (http://en.wikipedia.org/wiki/Natural_resource), industrial capacity and citizen’s purchasing habits to determine how much of any good or service was being consumed by the populace, so that it could match production (http://en.wikipedia.org/wiki/Manufacturing) with consumption (http://en.wikipedia.org/wiki/Consumption_%28economics%29). It is this balance between production and consumption that is represented by the Technocrats' chosen symbol, the Monad (http://en.wikipedia.org/wiki/Monad_%28Technocracy%29). The amount of energy each citizen would have would be equal to what they spend, thus they never have to worry about running out or budgeting, the only constraining factor being the Technate’s resource base and technological level. The reason for the use of energy accounting, according to Technocrats, is that it would ensure the highest possible standard of living, as well as equality (http://en.wikipedia.org/wiki/Social_equality), among the Technate’s citizenry.

Discussion (http://www.revleft.com/vb/energy-accounting-t70366/index.html)

Labour time vouchers could be considered as an interim solution during a transition period. Discussion (http://www.revleft.com/vb/ltv-t40649/index.html?t=40649&highlight=Labour+Time+Vouchers)

[Red Blue Pen]

Those all look like good ideas. Thanks Comrades.

[BIG BROTHER]

Well, in a socialist society I belive that money still very necesary in order to distribute the wealth and create a more just society. Of course if everything goes well, it will become less necesary, until the society reaches communism, where it will be useless.

[Dros]

It will function as a means of exchange for commodities.

[VukBZ2005]

I support the implementation of time-based currencies as the type of currency that should be in circulation during a post-Capitalist period. The reason why I support the implementation of time-based currencies as the type of currency that should be in circulation during a post-Capitalist period is because it would operate on the actual value of the products that are produced within a set amount of time and because it would lead to the elimination of inflation.

[Demogorgon]

Currency in capitalist society plays two basic roles, a means of exchange of goods and services, and a source of power. The end of capitalism should deprive it of that second role immediately, the former role will continue though for the time being. None of us can predict the future and how long exactly it will last, but we can predict that there will gradually become less need for it until it is hopefully gone.