What If There Was No Money And Everything Was Free In The World?

What If There Was No Money And Everything Was Free In The World?


What if cash suddenly disappeared from our
lives and everything was free? Sounds fine at first, right- like the perfect
solution to all our problems? The class lines between the super-rich and
those crippled by extremely low wages would vanish overnight. But how would society react to such a turn-around? Would there be riots at the supermarket? Would wars cease or rage over diminishing
resources? Or would populations evolve into simpler self-sustainable
groups like the American Communes of the 1960s and the hunter-gatherers of our ancient past? What is money anyways and why do we need it
to help keep society ticking along? That’s what we’ll be exploring today,
in this episode of the Infographics Show, What if Everything was Free? Like most predictions, there are two ways
to look at a world without money. Could humans evolve into a species where goods
and services are bartered with utopian good will? American Beat poet Allen Ginsberg in the 1950s
once wrote, “When can I walk into a supermarket and buy what I want with my good looks?” And shortly after, during those heady days
of the American 1960s, groups of individuals did just that and disbanded from common society,
forming small sustainable farming communes. They built their own homes and grew their
own vegetables and reared animals. They had eggs from their own chickens. They educated their children and lived pretty
much the way humans had lived before both the agricultural and industrial revolution. Before these scientific revolutions, humans
lived in small societies in which food was obtained by either foraging for wild plants,
roots, grubs and insects, or chasing wild animals with primitive weapons. This way of life was humanity’s first and
most successful adaptation to the world around them, and accounts for 90% of human history. Of course, today there still remain some hunter
gatherer societies in remote areas of the world, such as the Spinifex people of Western
Australia who live in barren, infertile lands. The Sentinelese people who live in the Andaman
Islands in the Indian Ocean also exist totally without money. Areas of Venezuela are home to people who
exist totally on wild animals and gathering with a little horticulture, but no money. So while we may think a world without money
would be a totally bizarre transformation, it is the way humans have lived for the vast
portion of their existence, and some societies still live this way. Before money existed, bartering, AKA the exchange
of a good or service for another good or service, was perfectly normal. Joe gives Frank a bag of apples in exchange
for a chick, and their transaction was done. However, problems started when disputes arose
over what items were actually worth, or perhaps Joe didn’t want Frank’s chick, but wanted
something of equal worth, a duck perhaps. Commodities thus evolved to stabilize these
primitive financial systems. Commodities are basic items used by practically
everyone (tea, salt, cattle etc), so these were used to set the value of items, becoming
the financial vehicle between bartering and money. But then there were more problems. Commodities were difficult to carry around
and store, so eventually, around 5000 B.C, someone had the bright idea to use metal objects
as money. By 700 B.C, the Lydians had invented the coin,
and other countries were quick to follow, by minting their own coins of varying values. Metal was used because it was durable, and
could be easily recycled. Paper money, meanwhile, dates back to ancient
China, about AD 960. The United States produced her first paper
cash on March 10th 1862, with a $5, $10, and $20 note, and a week later these became legal
tender and remain a standard worldwide benchmark for currency exchange. Fast forward another 150 or so years, and
today we’ve entered the world of Bitcoin and electronic currencies. Money, relatively speaking, in terms of human
history, is quite a new thing. Homo sapiens has existed for around 100,000
years, and the oldest money is only around 3000 years old. So we’ve done okay without it for 95% of
our existence. If we wanted to create a world without trade
and debt, it would be possible, but it would not be the type of advanced civilization that
most of us are used to. It would not experience the same kind of economic
growth that we see nations experience, but then again, if sustainable, these smaller
self-contained societies who did not use money, would not be subject to the crippling poverty
seen by millions in the failed post agricultural and industrial worlds where small elites have
manipulated commodities at the expense of the people. In a world where everything is free, most
people would be, by definition, freer. So let’s take a look at what would happen
to an advanced postindustrial city if money disappeared and everything was suddenly free. Demand would increase for all products if
the obstacle of affordability was suddenly removed from the purchase equation. With no prices to hold the object, item or
services out of reach of those who couldn’t afford it, almost overnight we would experience
shortages of these items. In a world of mass production of products
made to appear desirable by clever marketing and manipulative advertising, we would experience
a rush to obtain these items. Looting and rioting would no doubt occur. Perhaps once these desirable items were obtained,
people would realize what little worth they actually have in their day to day life. How many cell phones can you talk on? How many cars can you drive? How many items of clothing can you wear at
once? Supplies of free stuff would soon be exhausted
as nobody would be willing to work for free to produce any more of that stuff. People would wait in lines to receive their
free items, and those who were not willing to wait and were not above using violence
to get what they want, would resort to using force to obtain the items that they either
needed or desired. We would see items simultaneously decreasing
in supply, and going to those who were prepared to use the most force to get them. The early period of a society where everything
was free would be chaotic – imagine a zombie apocalypse movie to get an idea. For most people, a day’s free time is worth
more to them than spending a day in the workplace. However, some people would still work for
free. Artists would still paint. Musicians would still produce music, and story-tellers
would still tell stories as they have throughout history. Carpenters would still make furniture, and
naturally curious creative scientists would still invent solutions to problems. But with most people not working traditional
jobs, this would not only lead to a decrease in goods, but also in services. Many medical professionals for example might
cease to work leading to a rise in disease, starvation, malnourishment, infections and
other ailments. Due to the lack of personal incentive, folks
for the most part wouldn’t produce products for other people, likely only producing what
they need for themselves personally, and for their immediate social circle. With individuals focused on their own essential
needs, mass marketed products would probably disappear from the world. Society as we know it would break up into
smaller groups, with each group having members with certain essential skill sets. We would revert back to the hunter-gatherer
societies from our own ancient history. Perhaps though, we would lead happier, simpler
lives, and have stronger family and social relationships. So, how do you think you would get along in
a world without money? Would this all end in anarchy or utopia? Let us know your thoughts in the comments! Also, be sure to watch our other video called
What is the Dark Web?! Thanks for watching, and, as always, don’t
forget to like, share, and subscribe. See you next time!

100 Comments

  1. The Infographics Show says:

    What would you do if money wasn't needed from tomorrow on? Would you just sit around and do nothing? Would you take up a hobby?

  2. Zachary Miller says:

    everything was back then it was called barder and trading

  3. m mac says:

    Personally, I believe that people (laborers especially) would stop working, causing a lack of resources. The world would descend into the Dark Ages as the few people who understand the machines lose their knowledge over time. Eventually, new geniuses would be born and slowly invent the luxuries we have today.

  4. sathish siva says:

    we can disapier money need to tell what

  5. Suck ya Mum says:

    There of course would be no modern luxuries that we indulge in eg fast food hobbies and others yet there would be certain caps on what you can and cannot take all laws would still be active due to higher government powers.

    but hey… that’s just a theory
    a bizarre distant utopian theory anddddd cut

  6. High Level Noobs says:

    Well in the future robots can work instead of humans and then we can get rid of money.

  7. Yves Gingras says:

    You left automisation out of your equation thats why your prediction arent true or possible

  8. Gee rams says:

    What would happen if only one race existed

  9. Thanh Phương Hà says:

    Joe gives Frank a bag of apple for a C H I C
    – The Infographics Show 2019

  10. BFB-DanceySteve says:

    Would Infographics still upload if everything was free?…..

  11. axem54 says:

    This video is full of so much bad info …

  12. Dudu PRT says:

    This Dude predicted the MrBeast new Video : "I opened the World first Free store!" He knows more than us!

  13. Der Linke Player says:

    Law and order will be disrupted and chaos will arise

  14. Snowypillowhead owo says:

    So we would fall apart again

  15. Boosted Doge says:

    Do you work for free? I don't either

  16. Orion 401 says:

    Communism

  17. Artixskillz says:

    If this system was in place there should be certain items that are free like food and other necessities, but luxury’s would cost money just to encourage people to continue working

  18. Mage Hunter says:

    why are you talking so fast

  19. Alex M says:

    The cookies still cost $7.50!

  20. Susan Ananda says:

    Is there a free brothel?

  21. Ogram Brat says:

    Just use AI and robotics to produce everything then we could live modern lives without any money.

  22. Roksolana Dyak says:

    3:00 500 bc not 5000 bc

  23. cropsy2008 says:

    This may be the most braindead video ever. Have the makers ever heard of automation or AI?. The most simple answer would be if jobs were shared amongs the population. 10 hrs a week per person. Automation and 3D printing will do the rest.

  24. Marios Christidis says:

    Capitalism will fall

  25. thetraveller0415 says:

    There would be no reason to work, I sure wouldn't be doing my awful job for nothing and without me what would society do without their precious Amazon packages, how could they go on?

  26. DaneshiaC says:

    How about those who want the item make the item

  27. big boss says:

    "People would break into rioting and looting''
    Communist Utopia right there

  28. fnaf1000 says:

    if we are in a world that free why not use robot instead problem solved

  29. Tigrus245 says:

    s t o n k s

  30. Not Me says:

    Quick answer:

    The worlds economy will crash

  31. Addison DaMan says:

    No money means less work for "wants". Less wants means less pollution and overharvesting resources.

  32. Ibotda Rongbook says:

    Trade would happen

  33. Amanda MIlbrodt says:

    Zero currency would work, but it would be a tough transition. Many people would die until people started eliminating those individuals in opposition. Then people would start converging into groups and everybody eventually would be happier and healthier based on the requirement of being self sufficient lifestyles.

  34. Dracco The dragon says:

    Black Friday

  35. M C says:

    Answer: We would invent new money
    Money no longer legal to make? Answer: People just get lazier…

  36. LTrain 45 says:

    Didn't know Andrew Luck was the new narrator

  37. Dalmain J says:

    I miss this guy

  38. Opferman Motors Dirtbiking says:

    Even if you got rid of all prices, cookies and fish are never free.

  39. Sebastian Guzman says:

    Oi

  40. pieterjan29 says:

    Nothing is free everything hase his price.

  41. Ibrahim Hassan says:

    cough cough Mr Beast cough cough

  42. NOTleonardo says:

    You could own people for free

  43. This Guy says:

    Modern civilization would totally collapse. True, humans existed for thousands of years without money but a medium of exchange was desired and thus we created money. The creation of money was organic in that we were left to our own devices and conceived the idea of a medium of exchange.

    Any and all products that exist today that we want and, more importantly, need would no longer exist since those who produce them would no longer have an incentive to do so.

    A society where money doesn't exist is the core idea behind Communism and true Communism (as conceived by Karl Marx) has yet to be successfully implemented though not for a lack of effort.

  44. Fahad Al noman says:

    Nope, we're just gonna start trading.

  45. I Don't Suck says:

    EA wants to know your location

  46. Demetrius Goodloe says:

    Id rather gather my own food

  47. Chess Planet says:

    Simple

    Skillshare

  48. mvvpvals says:

    Jeff bazos left the chat

  49. Jason’s DoorKeys says:

    Dolla shave club razor blades are trash

  50. Tsuna Takahiro says:

    So would the snapchat premium girls have to do what they do for free? Lol

  51. DustedRedStone says:

    Soviet Union anthem intensifies

  52. zachary roach says:

    definitely hobby time

  53. Smitten Werbenjagermanjensen says:

    It's free real estate.

  54. Dragon Ball Exposed says:

    Mr beast land?

  55. Clinton E. Cochran says:

    In the future robots and artificial intelligence will be able to do everything; therefore humans will no longer have to work and everything will be free.

  56. Dragon city Player says:

    This is going to happen

  57. C.I.F Spliff says:

    I’m pretty sure a lot would die

  58. Andrew says:

    Replace money with a system of Mutual Aid. Exchange labour for basic necessities and maybe even some luxury items.

  59. Saw Yeng Chew says:

    Every body becomes thieves, robbers, cheaters, kidnappers,bandits, and so on…….

  60. LDR RANDOM pRO says:

    i will take the lambhorgini and ferrari xD

  61. Jamal Smith says:

    Go back to the way it was. Since we haven't, we're stuck in this monetary prison.

  62. Gavin Miller says:

    Silence communist

  63. tom wood says:

    We would just need quantum ai robots that could act as human slaves but smarter, more loyal and would satisfy our every need possible……

  64. William Kitten cat says:

    Ever heard of communism?

  65. Thanoz says:

    Shhhh guess what…
    its free real estate

  66. TheAres1999 says:

    We would just splintered into villages that would build themselves back up into society. Anarchy cannot be long held as people naturally want to work together as a group. Working as a group requires structure and rules.

  67. Alan Constantine says:

    A system of rationing of foods and resources equally distributed to all regardless of who they are in society. I would like to see the collapse of the class system, I know this is nieve but hey one can dream.

  68. Jordan Kotchev says:

    No comnuism

  69. Malik Doctor says:

    This view is so back dated it doesn’t make sense anymore. Robots would take the jobs we did besides creating. Highways and roads would be clear and you would get to where ever your going due to AI. Foods and goods would be delivered through self sustaining robots. Stress would be lowered because they only reason we stress or suffer is due to the financial system. Imagine no more work imagine robots building skyscrapers that accommodate every living human free of cost. Imagine doing what you want and not because you wanted to make money

  70. Z7RAGE says:

    What is everything was 99% off.

  71. Percy Espinoza says:

    Can’t things be free and work hard to get free stuff ? Nothing complex ??? Why not ? I would

  72. Toiletlover 3000 says:

    I WILL BUY GTA V!!!!!!

  73. Videos Of Awesomeness says:

    Communism in a nutshell?

  74. IzihYT says:

    If there was no money im going to download all the latest steam games

  75. BandGuy Gt says:

    The first thing I thought was that people would stop greed and there would be a stronger vessel of humanity .

  76. Track section Drawing says:

    Mass production is possible with automation

  77. mg juju says:

    are you feeling it now mr krabs

  78. Sofa ez ez says:

    Mr beast : :/

  79. Roblox Daisy says:

    Then nobody would make anything (haven’t even seen the vid yet lol)

  80. GreenWolfyVillager123 says:

    If everything was free, it would be Total heaven for thiefs.

  81. deadbutmoving says:

    People are free to make this a reality. Just go live somewhere in the wilderness by yourself. Nobody is stopping you.

  82. Banjo Burger says:

    Short answer:Everything would be unbalanced

  83. LimpToast JoyconBoyzForever says:

    Seems like COMMUNIST propaganda but ok.

  84. Akira A McLaren says:

    You could own the earth… 🤔 WaT… Yachts Planes Cars lol. Terrible world.

  85. Mr. Douchebag says:

    All I see in comments is either its bad or it's Communism. The first part: I agree, because people would be like dogs fighting for food majority of time. Communism however is a bit of an overstatement since Communism allows society to be equal; meaning there's not class of people like low,middle, or high. Everyone is in the same league, which isn't so bad from one's perspective.

  86. Kounouz Kassab says:

    nobody would work

  87. SpecOps Gaming says:

    Robots should exists and replace workers.
    guys remake this video

  88. Jo jo says:

    A new idea called the free card wich can only be obtained through a high diploma

  89. AaliyahZchannel says:

    It would be like Black Friday everyday😂

  90. B S says:

    You know when Ai gets advanced enough we could so technologically advanced that we would be in a post scarsity society. Wich means everything is free because automation pruduces everything and rare materials would be common. Since astreoid mining would make us able to get enormus ammount of rare earth materials.

  91. Klara Chan says:

    SOCIALISM HAS BEEN ACHEIVED!!!

  92. me3333 says:

    The video pretty much sums up how socialism evolves into communism and wont work

  93. Old Favorite says:

    0:30 Everything is but cookies and fish

  94. ShoWel says:

    That sounds like Russian idea of communism. As you can see it would never work

  95. mpforeverunlimited says:

    No ads on youtube

  96. ML ML LA says:

    homelessness will decrease

  97. A Lou says:

    Who else is watching this to distract themselves from the fact that they're behind on bills?

  98. alex monte says:

    that whould be nice i hate this world as it is and no money whould make it beater

  99. Slow Bro says:

    No money and everything free would be pathetic and boring because if your in a game everybody’s gonna have everything like the same guns or same swords or same cards it’s all boring because if you have something unique it will turn to easy. And it’s pathetic because what if people failed school on purpose just for this moment??? You’re just gonna let him/her live in a mansion and have what he wants? Truly pathetic

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