If we don't fundamentally change our economic system its simple, we're all screwed.
If we have a system depending on trading our labor for money to pay for stuff, and the value of our labor goes to zero, we need a different system.
We can't paper over that fundamental crack by giving governments even more power to decide what every person "needs" and send out resources accordingly.
There are so many problems in that system. How do we actually decide prices when every consumer has the same base level of money to spend? How does the government decide what we all need or deserve? How do we avoid the corruption taking over that massive power granted to dole out resources? Are we just living in a feudal state again? Does the government need to control the means of production to keep such a system stable?
If we have a system depending on trading our labor for money to pay for stuff, and the value of our labor goes to zero, we need a different system.
We can't paper over that fundamental crack by giving governments even more power to decide what every person "needs" and send out resources accordingly.
There are so many problems in that system. How do we actually decide prices when every consumer has the same base level of money to spend? How does the government decide what we all need or deserve? How do we avoid the corruption taking over that massive power granted to dole out resources? Are we just living in a feudal state again? Does the government need to control the means of production to keep such a system stable?