Ray Kurzweil: How technology's accelerating power will transform us

science will give us greater technology or better tools and this is good. however, we have to use the tools to do good and not evil. A new monetary system such as electronic credits could be more efficient but it could also destroy human freedom since governmments who already cause our monetary problems would have a greater more efficient means to ruin the world. However many different private electronic currencies competing in the market (both good ones and bad ones) would evolve a survival $.

It is politicians and criminals who steal our money or tools. Money can buy us food, homes, medicine, and enjoyment for our hard work. It is those who take our good system and manipulate that are the evil of the world, It is not the system. The system has no mind to decide good or evil. The enviorment is what people make of it. In wealth or poverty there is good and evil but it is the people who make it so. Only they have the minds to decide.

It will take time, but we will emerge, until then I guess we will just have to deal with it.

I agree the bail out was a sham. but money is as I said how we keep track of barter transactions. with out it we would be trading 3/4 of a goat for 1/16 of a roofing job. There is a difference between the tools and those in charge of the tools. You need to focus your agression on those who have scewed us with the tools not on the tools themselves. The bail out is politicians stealing additional tools from us.

People have been keeping an eye on those in charge of the tool (money) and nothing has changed since it's existence. The new currency would not be traditional but information on resources available and the intelligent use for longevity and sustainability. We need to move away from our current destructive era. Seriously do we really need 10 companies to enter into the Barbie Doll market? what a waste of oil. Dam barbie is only gonna collect dust anyways.

You hit on many different points. I do not really think that people have been keeping an eye on those in charge of money. In fact, I think people are more interested today in sports then politics or finance. I call it lazy brain. If people would take a greater interest in money and spread the desire to learn abouit money then we would get ripped off less by crooks, con artists, and politicians. Types of currency and market competition are 2 different issues.

paper currency has a l;ong history going back thousands of yrs of monetary evolution. There is a reason people chose shinny rock like gold and silver for money over most of human kind. Relative scarcity, durability, divisability, portability.
Its hard to split up a goat, tobacco rots, too many sea shell can was up in a storm and cows dont fit well in your pockect and sometimes die. Paper money is more convient but can be over inflated like the sea shells washed up on shore. Govs make inflation

Governments cause booms and busts or inflation via central banking credit expansion and money printing. Thats why we are in the trouble were in now. As for competition (dolls included) This is what makes restraunts treat you better then the motor vehicle dept. If you get a bad meal you go elsewhere. If you get lousy service at the DMV, then too bad, deal with it. You get the Gov's DMV monopoly and no competition to fight for your dollar or hard earned respect. Thats why the soviet union failed.

Not talking about competition at restaurants, I'm talking about misuse of resources such as the Doll market.

They are deeply intertwined economically. The resources used in the doll market at present day can not be utilized any better then through market competition. If too many dolls are made then the company who makes them loses money via overhead, If they dont make enough then they lose money in potential profits. If they make just enough of what is desired to meet market demand thay are rewarded with money. And the strongest survive and prevail. Thats competition and best use of resources to date.