Can Demonetization Help Boost Living Standard While Erasing Poverty At The Same Time?

Is it possible that in the near future almost everything will be demonetized?  Just recently I’d read a TheVerge headline “GM will make an autonomous car without steering wheel or pedals by 2019” which suggests automation in the auto industry is actually speeding up as we speak.  If this is “gonna” happen, it will be a fun ride for everyone in this industry to figure out how they will adjust to such a change.  Could demonetization come sooner for the auto industry?

Imagine, the cost of owning a car associated with the costs of related industries such as insurance may add up more than just owning a self-driving car.  If this is the case, then a self-driving car can actually help bring down the costs of having to own a car.  It seems if we can automate car driving, why not every other mode of transportation?  Such ambition may drive and demonetize the costs of almost every mode of transportation that will be available in the near future.

I was just recently pulled over by the police for crossing a green light when another car also was trying to cross the intersection.  It was a weird thing for me.  Near the highway, there is a small opening which divides the left turn section that leads out to the main highway.  The light is green, but the traffic got stuck ahead of me.  I stopped at the green light to leave an opening for the other car to drive through, but this car couldn’t or wouldn’t want to drive through.

The traffic ahead suddenly moved forward and so I’d decide to either hold up the rest of the traffic behind me while the light is green so this one car could go through eventually or just move forward so the traffic from behind me could flow forward.  Unfortunately, this car seemed to be doing nothing as the traffic behind me on the right kept on moving forward as the light is green.  So I decided to move forward onto the main highway in my left-turn lane so I wouldn’t hold back the traffic behind me.  Unfortunately, a police car behind me pulled me over for doing I thought what would be best.  In the end, I told him I didn’t know what to do in such a scenario, and so the police just gave me a verbal warning.

I was lucky to not get a huge traffic ticket bill for the incident.  While driving back home I revisited the GM self-driving car announcement for 2019 in my head, and from within I knew I couldn’t wait for this whole self-driving car to become a reality.  Basically, I think the self-driving car could help clear me in such situation immediately.  Imagine the reaction of the police when they pull you over because your self-driving car got no steering wheel.

If they write a ticket, would it be billed to GM or to the insurance company?  Will GM provide insurance for the self-driving car or you have to buy one even though you won’t be driving the car yourself?  One thing for sure though, when the self-driving car makes mistakes, you know for sure you aren’t responsible for the mistakes.  In my earlier scenario, I guess the police wouldn’t even care to give out a verbal warning if the self-driving car was making the decision right?  Or the police can just write a citation to GM so GM would tweak their self-driving car software better, right?

As the video above suggests that demonetization for almost everything might become the reality of the future as more things are going to be evermore abundant as long we know how to generate energy near zero cost and whatnot.  The efficiency of renewable energy is going to be a very important factor in helping a futuristic demonetization society.

Furthermore, if demonetization isn’t in a future deck of cards, then we may see a lot of troubles ahead.  How come?  Imagine more automation can only be sped up as we speak because of competition from China and other countries that got a lot of demands for keeping their industries stay competitive.  The chain reaction of speeding up automation from abroad may greatly speed up automation at home.  The widespread of automation will speed up in taking out the human element in the workforce as time rolls on.  As more humans lose jobs to AI robots and other AI machines, I think demonetization will help us somewhat solve the problem of poverty as joblessness may become a widespread problem in the future.

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