Comment by asdff

It might end up like the great depression where people go on bank runs and there is some panic and violence. Or, maybe people also end up just working in kind in a way.

On the one hand I see that money is some forcing factor to prevent everyone from living to some degree of excess. But on the other hand, if there were no money, it isn't like resources come out of the ether to meet demands for excess. I expect it would end up like the lifestyle we see in rural villages, where no one really lives much in excess of eachother, the community is basically sized to the limits of what the resources they manage to bring in can support. There might be different roles in the community but it isn't like one person's day's labor is worth significantly more than another person's in a different occupation like it is in our western society, where we might value someones day of effort the same as the days effort of a thousand people, simply because of their title, not because they have the strength of a thousand people.

In terms of how this might look across the globe, probably everyone moving towards median standard of living whatever it happens to be in that region. No hoarders of wealth any longer. Might be very scary for someone like Bezos, but for most of us probably the exact same standard of living that we already know. Probably better without all the waste going towards filling these unproductive hoards of resources.