Universal basic income ..already being trialed and a neccessity to curtail violent revolution of unemployed masses as Tech eliminates their jobs over the next 2-3 decades. It is here and will expand.
- Star trek economy in a post scarcity society excerpt from post in general " Could Bitcoin be our official currency? "
"What is needed is some sort of interim-, or proto-post scarcity economics.
More and more I find myself thinking we are, as a race, constrained by the economic models we have....... We have capitalism, of course, the proverbial worst model ,,,,,,,,except for every other one that dominates much of our planet right now.,,,,,,,,, It’s definitely a scarcity-based system. Then we have the centrally planned systems of Communism and Marxism, not particularly effective, as it turns out. We have European-style socialist capitalism, but that’s still capitalism, and scarcity-based, albeit with a much more robust safety net than we have here in the US."
The solution has been largely found to a world without currency and it is probably to a large extent
"The Star Trek Economy: (Mostly) Post-Scarcity (Mostly) Socialism"
but we need to work toward that over the next few decades and meanwhile we will have to use currency of some sort as a means of exchange and that currency has to be something that the entities we trade with ( goods and services) will accept and can use to trade with others ..quickly and efficiently and globaly."
The bottom line is a post scarcity society with a socialist distribution of wealth is probably where we are headed but in order to get there we have to conform to current economic realities when interacting with 3rd parties. We could /should create and trial an internal model for Asgardia which may include Time based economy for the interim period before time becomes very inexpensive due to AI and robotics https://en.wikipedia.org/wiki/Time-based_currency and /or resource based economy if we ever get some tangible tradable resources :) and science innovation is one of the fields we could excel in but currently we are (far?) behind the curve in that area and it will take resources to catch up.
The elimination of monetary system is a nice ideal but it is more likely that some form will; still exist although it's importance will greatly diminish (absolutely remove fractional banking and usurios interest ....see posts "How ever we decide to make our economy can we just avoid fractional reserve banking?" )
and here is a nice post on issues/ inconsistencies of the star trek economy http://www.ex-astris-scientia.org/inconsistencies/economy.htm
1 we are heading for post scarcity over the next few decades
2 UBI is an interim solution to help the transition from capitalist monetary based economics to largely socialist and post scarcity and the impact of Tech AI and robotics on employment
3 We will eventually end up with a star trek style economy with some adjustments to cater to issues we do not even know exist
4 Currently we need to conform to existing economic practices /systems if we wish to speed our advance but can trial alternative systems internally should we desire.
5 We need to create wealth (urgently) to further our goals ..which by the way still need to be clearly defined and expanded.
6 Addfitionally education and continuing education is a field that the US Govt states as one of the 3 cornerstones of their policy to deal with the loss of jobs due to tech and is definitely something Asgardia could focus on create , invest in and reap returns Dec 20 report https://www.whitehouse.gov/sites/whitehouse.gov/files/images/EMBARGOED%20AI%20Economy%20Report.pdf