Resource Based Economy (debt, money, economics)

[acesuv]

Is anyone here familiar with Jacque Fresco and his "Venus Project"? What do you think of it from an economics point of view? Is it practical?

[prosopis]

Is utopianism ever practical? No.

Its a nice idea, but as with most utopian ideas it requires a degree of social cooperation that we simply will never see.

[NorthStarDelight]

Sure it's practical, once we get rid of the idea of finite money and debt.

I really do believe that once we have true artificial intelligence, we'll develop a way to have infinite money, which will enable us to do anything we desire as a society, with abundance for all (think Star Trek.)

Too bad I'll not live long enough to see this wonderful future...