parallel economy and purpose

We do not quite grasp yet the ways infotech and biotech will shape humanity by the middle of this century, and we are already struggling to find a political model for the world of today. Those two observations taken together, project a somehow alarming view of our immediate future. It sounds like we are walking over a narrow railway bridge and we already see the train coming round the hill towards us.

The most shocking foresight confront us with a near future where most of humankind will be of no use to society. Where all we will need will be procured by thinking machines. And at best only few of us will be needed to get that wave started and moving. A world with an almost full unemployment is something no known culture, religion or political system is able to envision and to cope with.

If liberalism, nationalism, Islam or some novel creed wishes to shape the world of the year 2050, it will need not only to make sense of artificial intelligence, Big Data algorithms and bioengineering–it will also need to incorporate them into a new meaningful narrative.
21 Lessons for the 21st Century, Yuval Noah Harari

A world with almost full unemployment will also face the need to redefine currency; exchange will lose meaning if no one can be of use to society. If all everyone needs is provided for by a horde of autonomous machines, we will have nothing of value in our hands to exchange for those goods. Some higher authority will decide at some point what we get and what we do not get. 

So here we are, the last generation of a worldview that endured many millennia, saw many wars, reached unparalleled prosperity, and finally, was left in stupor looking at a future for what no explanation was available. No wonder we stick our heads under the ground—in diversion.

In this state of bliss, let me adventure a model of economy for the end of the century.

Human centric professions and jobs will likely be needed, at least until we can develop affection with machines and we can be fooled to believe they correspond us. But apart of those, it is difficult to think of what professions may be required thirty years form now. Our needs satisfied, yet not clear how are we meant to pay for them, but restless like an early retirement nightmare that starts at the end of our education, if we need such thing any more.

Yet we will, once more, adapt and survive. We will start creating with our hands again. Craftsmanship will be reborn. And all that what we will do with our hands, rescuing wisdom of old, recreating old technologies and old methods long forgotten, will become value, will become currency. And our work will once more become our source of pride and will produce us pleasure. We will exchange once more goods. Goods in a parallel economy with an inherent value equivalent to the time and the energy we will put in our creations, but most importantly yet, the passion and love that we will put in them too.