How could the world do business without the use of Money?
Shouls the world return to bartering instead of buying?
Without money, it would be barter. Then, because barter is awkward, someone would "re-invent" money.
The problem with money in today's world is that governments and government monopoly banks control and debase it.
Every time someone tries to establish a money independent of government control, governments squash them like bugs.
Just think about it. How good do you have to be to start an internet home based business and really earn money?
Like any business, in order to profit and make money online it is important to know what you are doing or your success will be limited. A little time spent on research and training is important or you will quickly become upset and be tempted to give up.
Internet marketing is not so difficult to learn and making your first sale online is a great feeling that encourages you to work harder.
Great question, and as dabeaner rightly says, we'd have to revert back to bartering. In fact, since 2000, Merchants Barter Exchange has been laying the groundwork for just such an eventuality, and helping quite a few American business owners in the process.
In essence they have created a centralized "barter bank" to make the old-time hinderances of one-on-one bartering a thing of the past (which is why money became so popular, since it was more convenient.)
Technically, it is very possible to create a global bartering network utilizing the MBE-barter system, and the company actually has plans to expand beyond the US some time in 2010.
Will it ever totally replace money? Again, it is technically possible, and the current global economic situation is certainly making many more people take a more serious look at barter as an alternative, or supplementary way to do business.
I hope this answer was useful!
In reality, although bartering may sound like a good idea, it is impractical and will never sustain as a form of business. Money was created for three reasons: to be a store of value, to create a common denominator for exchanges, and to be widely accepted.
A store of value means that $1 will always be $1, even 50 years from now. The same doesn't work for bartering. Say you were a banana plantation owner. You can't keep bananas in a warehouse somewhere as assets because eventually they will rot and be worthless. Money on the other hand allows people to save what they've earned for very long periods of time.
A common denominator means that people can exchange any product or service for money, and then use the money to buy whatever they want. Using the same example as above, if you wanted to sell your bananas, you would have to determine the exchange rate between your bananas and the other product, say, oranges. Three bananas may be worth one orange, but then what if the orange seller only accepted coconuts as payment? You would then have to exchange bananas for coconuts, and coconuts for oranges. If you apply this principle to thousands of products and services, you get millions of different price combinations, making for a very inefficient trading system.
The third and last feature is that money is widely accepted. Everybody in the United States accepts the dollar, but not everyone would be willing to trade their products for bananas. Can you imagine trading a jumbo jet for bananas? To simplify this process, traders can trade their products for money, and knowing that everyone will accept the money, they can use it to buy anything they want.
Ultimately, if money as we know it was destroyed, there would only be a new form created shortly after. Bartering, although fun, is extremely inefficient. Hope this helps
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