There is no reason, that with today's level of technology and resources, the whole world can't have the essentials of food, water, shelter, education and health care.
There is abundance of energy that can be converted into automation. There is abundance of human resources capable of advancing science and technology to help us, if they only didn't have to work in waste-of-time jobs just to keep us in mp3 players. There is abundance of materials if we make efficiency our way of life instead of planned obsolescence and waste.
Materials
The economy can't function without cyclical consumption so things are designed to break down as quickly as possible. If things lasted, companies would only need to make one of everything, and after that they would close down. Far better to keep the public buying continuously, either through products breaking down or by withholding features for a future release.
It is because of this mentality that we continue to destroy our planet with shameless mining and waste.
With the efficient application of technology and without the problems of greed, waste, and false scarcity caused by the monetary system, we will have far more material resources that we have today.
While that still might not be enough, we will be distributing them in a fair and honest way to provide maximum benefits to everyone. This is one of the biggest issues that people bring up when discussing a Resource Based Economy: "Will there be enough to go around, or will we end up in a situation like we saw with communism?"
Well, unlike communism, a Resource Based Economy will not function on greed, politics, planned obsolescence or other practices that corrupt efficiency. Distribution of the resources will be done in such a way as to maximize efficiency. As a crude example, consider burning a tree to cook one meal, as opposed to burning it to power an automated manufacturing plant that would build a renewable-energy powered oven.
Efficiency
You would think that competition would cause companies to continue to improve efficiency, but it just doesn't work like that.
Using the cheapest parts and labour during manufacture doesn't just save money, it helps obsolescence. Forget safety (watch Fight Club), forget the environment (watch The Story of Stuff), forget keeping local people in work. Forget about making a longer lasting product than our competitors, providing it looks like it has better features.
In addition, workers paid by the hour, work slower, while workers paid by their output, reduce their quality. Counteract this by demanding minimum hourly output levels, you say? By doing this, all you're doing is pretty much guaranteeing a maximum output level. Why would a worker do more?
There is only one kind of efficiency a company is interested in, monetary efficiency. This causes them to outsource cheaper parts and labour, creating less efficient products.
In a Resource Based Economy, products, services and infrastructure would be designed to consider the following in order to increase their efficiency:
- Save/harness renewable energy
- Improve quality of life for both consumers and producers
- Be highly durable
- Ease of assembly
- Reduction of maintenance
- Simplicity
- Prepared for ongoing changes
- Standardised fundamental elements
- Facilitate automated assembly
- Allow easy duplication
- Be customisable and allow for options
- Be resistant to fire, weather and extreme conditions
- Implement electronic feedback for monitoring
- Be in tune with nature
We simply create the best products we possibly can at the time: efficient, long lasting and using the most advanced technology available. This would never happen in the current system. We need cheaper alternatives.
Without competitors creating almost identical duplicates of everything, or products with various combinations of features, we would only create what was needed - the best possible product with all available features. Items could be built to order instead of to compete in a retail environment.
Less Products = Less space, less transportation, less waste, less pollution, less work, less redundancy.
The implications of this are immense. This means less waste, less time spent producing, less transportation needed, less space taken up, less pollution. And we're not just talking about a 5% reduction, the sort of figure you would expect to see in a monetary system. We're talking a new order of magnitude - thousands of percent.
Let's take the humble toaster. How many toaster manufacturers are there? Now imagine if there was just one. They create the best possible toaster based on designs that are being constantly developed and published on the internet. They manufacture it in the most effective way possible, causing no pollution, no waste, out of as much recyclable material as possible. It is then put onto a truck with only protection, not expensive packaging, and transported directly to the homes of everyone who wants a toaster.
Look at what would have been saved. There is no storage needed at the output end of manufacturing. The trucks are just loaded off the end of the line. There are no delivery company depots for the product to be sent to and sorted. There are no trucks driving back and forward to and from depots. There are no retail depots. There are no retail outlets (so hundreds of customers and workers aren't driving their cars into town). How much space, labour, and transportation has this saved? An absolutely insane amount, at every level.
At the other end of line, the assembly department is supplied with raw materials sourced from renewable sources, or recycled products. Either way, they are turned into the highest quality sub assemblies as possible. Products would be designed to be as generic as possible, allowing for reuse in other products. An assembly line would then be capable of creating an extremely wide variety of different products, automatically. This means less assembly lines, less labour, and less sub assemblies to be manufactured and stored.
That was a very simple example, and I imagine the situation could be streamlined even more, with every home in a new city fitted with a toaster as standard. This would of course be planned into the production of the houses, allowing for even more time and space saving due to mass production.
Of course, all products would be built to last, so that would be the last time the factory would have to create toasters for a very long time (a reserve of spares could be kept for occasional breakdowns, but this will be nothing compared to today's rate of consumption).
Energy
The sheer power of the sun should be enough to convince us that we have an abundance of energy, yet we continue to burn fuels like primitive cavemen. Solar power requires little maintenance and can be harnessed in the desert to supply most of the planet.
Then there is wind, tidal and wave power, natural movement given to us by the earth that can give us continual energy even if there is no sunlight. Less efficient due to moving parts, (although this can be improved on) these sources are as abundant as the air we breath.
Finally there is geothermal, the most abundant and easily harnessed energy of all.
With all this energy, we can power our homes and factories and transportation with no need for money. However, it can also be used to power the most significant concept ever conceived. Automation.
Labour
Automation will relieve our need for labour. This has already happened to a level of over 90% in agriculture, and it continues to grow in the service industry, construction, mining and manufacture. As this happens, there will be unemployment.
Although it may not eradicate all menial jobs, automation has far more potential than we currently give it credit for. While robotic intelligence is improving at a rapidly accelerating pace, there is a huge potential for solving problems using simple, task repeating, programmable robotics. The key is to standardize everything. We have to "put it on rails".
Automation creators need to simplify what a robot has to do, and design its environment to confine it, protecting it from the need to make decisions. This can be done by standardizing its interactions. This will allow us to bring automation into our lives in more ways than we ever thought possible, even at current technology levels.
Automation will free up many people and force them to question their role in society. We'll go into what they will do instead later, but for now, realise the potential for automation to massively reduce the need for labour.
Freed From Money
This massive increase in efficiency and relinquishment of labour frees up people at every stage. They can instead work on pushing technology forward. With so many people working on new solutions instead of just grinding the wheels, the rate of technology will radically accelerate.