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Beyond Poverty, Politics, Crime, and War
www.thevenusproject.com

THE ZEITGEIST MOVEMENT

Doubt is higher than truth

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The following is a
audio reading of one of
Jacque Fresco’s Essays.

(Part 1 of 2)

The Obsolete
Monetary system

Although skillful advertisers lead us to believe
otherwise, in today’s monetary-based
economies, whenever new technology is
introduced, the human consequences are of
little concern to those introducing the
technology - except, of course, as customers.
In a monetary-based system, the major
concerns of industry are profit, maintaining a
competitive edge, and watching the bottom
line, rather than the wellbeing of humanity.
The social problems that arise from mass
unemployment of people, who are rendered
obsolete by the infusion of automation, are
considered irrelevant, if they are considered at
all. Any need that may be met is secondary to
acquiring a profit for the business. If the profit
is insufficient, the service will be withdrawn.
What industry seeks to do is improve the
competitive edge to increase the profit margin
for their shareholders. It does not serve the
interest of a monetary based society to engage
in the production of goods and services to
enhance the lives of people as a goal. With
rising public concern regarding the
greenhouse effect, acid rain, polluted air and
water, etc. some companies are also beginning
to realize that for sustained market presence it
is in their best interest to heed social and
environmental concerns. While such trends are
commendable, they are insufficient as a
method of solving the overall problems of
waste, environmental degradation and
unnecessary human suffering.

The monetary system has been a useful, but
interim tool, it came into being as a means of
placing a value on scarce objects and labor.
The monetary system of course replaced the
barter system, which involved direct trading of
objects and labor. However, just as there
was no universal-bartering standard in the
past, there is no global monetary system today.
Individuals and groups, now as in the past,
however, still need to exchange objects and
labor for today’s goods and services. The
unequal distribution of skills, resources and
materials throughout the world necessitates
global trade.

Until the last few decades, the monetary
system functioned to a degree. The global
population of three billion was not over
consuming world resources and energy, global
warming was not evident, and air and water
pollution were only recognized by a relative
few. The start of the 21st century however
finds global population at an exponentially
rising six billion, with resources and energy
supplies dwindling, global warming a reality,
and pollution evident worldwide. Planet earth
is in crises and the majority of world
population cannot meet their basic needs
because people do not have the means to
purchase increasingly expensive resources.
Money is now the determinant of people’s
standard of living rather than the availability
of resources.

In a monetary system purchasing power is
not related to our capacity to produce goods
and services. For example, in a recession
there are CD’s in store windows and
automobiles in car lots, but many people do
not have the purchasing power to buy them.
The earth is still the same place; it is just the
rules of the game that are obsolete and
create strife, deprivation, and unnecessary
human suffering.

In today's culture of profit, we do not
produce goods based on human need. We
do not build houses based on population
needs. We do not grow food to feed
people. Industry's major motivation is
profit.

The monetary system is now an impediment to
survival rather than a means of facilitating
individual existence and growth. This
imaginary tool has outlived its usefulness. The
limitations on earth’s population now caused
by the monetary construct can be phased out.
It is not money that people need but the access
to goods and services. Since humanity requires
resources to exist, the replacement system
should provide those resources directly to
people without the impediment of financial
and political interest for their private gain at
the expense of the lives and livelihood of the
populous. The replacement system is therefor
logically a resource-based economy. This
global resource based economy would be
gradually phased in while the monetary system
is phased out.

To be continued on
The Venus Project Essays -
The Obsolete Monetary
system (Part 2 of 2)
For more information visit
www.thevenusproject.com
www.thezeitgeistmovement.com

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