Resource Based Economy (Jacque Fresco)
Channel: Daily Insight
Date: 16/06/2017

A Resource Based Economy is a proposed system where goods and services are available to all who need them, not just the select few. There is no need for money, credit, barter, or any other system that relies on debt and servitude. Our current capitalist system allows (and encourages) certain individuals to amass great amounts of wealth, leaving much of the rest of the world in abject poverty. A recent study has shown that the 62 richest people hold the same wealth as the poorest 50% in the world. How can anybody morally justify this? Clearly, our current system is not working. Sure, many of us in the West now have smart phones, cheap fast food, clothing, and 24-hour shopping, but is this really what we want from society? At what expense does this all come? By now, we have all heard of the underpaid and under-appreciated workers in Asia who are responsible for producing our clothes, shoes and electronics. They work in hot and crowded factories, barely getting enough money to pay for their families’ food, let alone being able to save anything. We might be living it up in the West, but they certainly aren’t. Our current system is inherently exploitative. It benefits the few at the expense of the many.

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