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entirelyuseless comments on Estimate the Cost of Immortality - Less Wrong Discussion
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Would someone be able to enlighten me on what the cons of a hypothetical situation in which everyone on the planet decides to temporarily get rid of the concept of money or currency, and pool our collective resources and ideas without worrying about who owes who? I mean on paper it sounds great, and obviously this is extremely hypothetical as it's virtually impossible to get all human life on Earth to actually do that, but are there hidden cons here that I'm not really seeing?
I've not really gone into too much thought on this, it was mostly a fleeting thought, and I was curious what others thought.
Assuming everybody does what they are doing now, the situation will remain the same as it is now. In other words, people will still go to their jobs and do their work, the stores will give them stuff, and so on.
In practice everything would collapse, for the reasons implied by gjm in his comments. Namely, since the people in the store don't ask me if I have been going to my job, just as they don't do that now, that means I can get away with going to the store and getting stuff, but not going to my job. Or, even if I do go to my job, I can take a lot more stuff from the stores than I'm actually contributing by my work.