If money does'nt exist in this world , how would the world be?

Answer 1

Less developed I would think (for better or worse). Ultimately, even though it's worth a laugh - the monetary system is based on trust. Trust that the piece of paper or coin or whatever will be reimbursable in a variety of places for a variety of goods.

Here's what I mean. If you chop wood and carve furniture out of the wood and barter it to someone, you'll receive something they have that you agree is of similar value - let's say a bushel of apples.

Now, you want a handy tool for furniture finishing that an iron mongerer makes - but he already has lots of apples, and no time to run around trading yours for something he does want because he's real busy working on lots of orders for his wares. Now you're forced to take your apples somewhere to trade for something that won't spoil AND that the ironmongerer wants.

If you had asked ahead of time, you could have requested payment for that original piece of furniture be something you knew that the ironmongerer would accept - but now you're putting the person who wants the furniture in the position of having to run around trading for the item prior to paying you.

Now multiply the above complications by the billion and you can see where any large operation would get bogged down quickly with simply taking care of bartered goods in and bartered goods out.

With money, whether based on a gold standard or a floating currency, if there's a certain amount of trust or confidence in the reimbursable value of the currency, you can simply get paid in dollars and pay out in dollars. This saves an inestimable amount of time and energy for each person involved in each transaction.

Some believe that we'd be better off without all that extra time and energy on our hands; as a species we have gotten ourselves in a lot of trouble over the ages by accumulating wealth and fighting wars over it. Many of the wrongs in today's world are linked to money either through the pursuit of wealth itself, the use of accumulated wealth in a way detrimental to others, or the use of items created within the time-efficient world that money has helped mold.

However, money - and the time/energy efficiency it provides, has also provided the environment for some beautiful things - the artwork of patronized geniuses, advancement of medicine and increased longevity, exploration of our world and beyond, long-term inquiry and research into human thought and behaviour etc.

Without money, my guess is that we would stay developed past the hunter/gatherer state - but not much past it, say small communities of settlers. The reason I mention this is that even in the ancient cities there was a non-bartering system of exchange whereby certain families or individuals were given a mark or notch to denote each certain allotment of food from the community storage facility that they were entitled to upon request or final payment. This in my mind is a monetary exchange even if they didn't get a coin to carry around - they received something other than the actual goods to carry around and had to trust that they would indeed be paid in full.

Okey, time to go pay my bills online - have a good one =P

Answer 2

If Money does not exist in this world then there is no question
of poor & rich. Everybody is equal. Man makes money. But
Money does not make a man.

Answer 3

What do you think, money exist straight from begining of this world. Money was invented to make the trade smooth. But it became disaster.

Answer 4

A much better place. People would then not be able to put a value on commodities. Community spirit will be stronger and greater emphasis will be on carrying each other towards common goals.

Answer 5

We would trade goods or services directly for other goods and services. I think we would naturally start trading in the valuable commodities again and then form currency.

Answer 6

Pretty much the same--people would just barter with goods rather than using cash/currency.

Answer 7

the world would be how it was back in the day. people worked the land and traded.

Answer 8

There would be even more free rides for people, since only a few of us would really be pulling our own weight.

Answer 9

About the same. We would barter instead.

If you were insinuating that we didn't trade, then there would be no cities. People would all want to live by themselves and hoard what they have.

Answer 10

i think of we would all nonetheless be living in caves looking down our nutrition with sticks and rocks. Greed and ambition from time to time flow paths. you do no longer could desire to pass to artwork you may desire to opt for to be homeless and hungry.