Approaching post-scarcity economics, which is basically what you're getting at, is "deflationary" in terms of real value. Real prices get driven to zero.
What happens... Ever see #startrek?
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Exactly! In a post-scarcity economy, people no longer work for money in the traditional sense because their material needs are automatically met.
Right... Overall a free market society trends in this direction. More leisure time and wealth.
This is the place where capitalism and communism meet and become the same thing. Marx's ideal of "Baker in the morning, stonemason in the afternoon, poet in the evening" etc.
But it takes a big shift in mindset. It requires people to be self-motivated rather than being told what to do and how to live their life by external forces, government, the Church, family, etc.
The scars in today’s society run deep. Young people aren’t motivated because effort no longer guarantees a better material life. Changing that mindset will be the hardest challenge of all.
