What is
money and what does money do? There are many scientific explanations for money,
but I want to give you my view of its capital function in one sentence: Regulation
of human work and the functioning of a society accordingly.
Well, the
question I want to raise is “How would the world look like if money and cost efficiency
didn’t matter in some areas?”I want to
imagine a scenario where this would be true.
Let’s talk
about energy: Nuclear and fossil power is about cost efficiency. If
cost efficiency didn’t play a role anymore and governments wouldn’t care about how
much money they need to build wind, water, solar and thermal power plants (let’s
not forget: money is fictional, its limitation is set by governments and
central banks), the entire earth would be green in maybe one year.
Let’s talk
about education: What if education was free all over the world, from
Kindergarten, elementary school, high school to university? I mean completely
free. Since money and cost efficiency don’t play a role anymore, every school
and every university would have state-of-the-art equipment and facilities to
guarantee access and maximization of the ultimate learning environment. There
would be enough teachers and professors to teach small classes. There would be
enough tutors to also clear the last questions marks about some alleged difficult
matter.
Let’s talk
about healthcare: What if health care was available to everybody for
free, enough doctors and enough nurses, enough good hospitals also in small
urban or rural areas so that old or injured people wouldn’t have to drive for too
long? Access to the best medication available on the market?
Let’s talk
about private companies: Companies can focus on high-quality product innovation
through huge investments in R&D because money and cost-efficiency do not
matter. Therefore, in a few years we will have amazing environmental-friendly
products that we could have never dream of before.
Let’s talk
about NGO’s: So much money to promote peace projects and critical analysis all
over the world.
Let’s talk
about employment: The state has
enough money to employ everyone who doesn’t find a job with a private company. Payment
is of course great. Who would still not want to work for a good salary?
Let’s talk
about transport: A huge full-electrical transport network (bus, metro,
train) available 24/7 with a frequent schedule. No use for your own vehicle that
is anyway fully electrical except for shopping or making love to your partner when there is no room available close by. Zero emission.
Let’s talk
about garbage: Since money and cost efficiency don’t play a role anymore,
we have enough work force and plants to recycle everything we can because we have the time and money to do so from
the high-quality products that were built from companies
that have the money to build such innovative recyclable products. Worldwide trash reduced by…. I don’t know, let’s say 80%?
I know
there are always second thoughts to a solution of a problem, but isn’t this
first thought just too sweet and worth all the risks to get there?