The rendering of a world currency, like all currencies, would simply be used, like all currencies, as a standard of measurement. However, in a humanistic utopian society, how much a person has or doesn't have wouldn't matter as much as it does in contemporary society, not only in principle but also in practice. In essence, the terms 'have's and have not's' and 'keeping up with the Joneses' would be things of the past. A world currency would be part of a world economy that would economically consolidate the entire world and thus do away with imports and exports being used as a measure for profits, since profits in a new world economy would be unnecessary, for ALL would be one. Today, most countries have their own sovereignty and thus make policies which are in the best interest of each respective nation and because of this, profits still matter. There are a few countries that still are subject to other regimes' control because they have yet to gain independence, or sovereignty for one reason or another. However, these states would not oppose entrance into something as big as a world goverment. In fact, their rebellion towards their oppressive regimes would be perceived as a good move since anyone regime will pale in comparison to THE regime.
The removal of a capitalist approach to transactions between nations would lead to much harmony, or peace, for there would no longer be a need to always try and get the best deal at the expense of wrongdoing. Today, due to excessive greed, it is the common practice of individuals to do whatever it takes to 'get the deal done'. The same principle applies to political policies on a collective scale.
In addition to the doing away with the concept of profits, and thus greed, a world currency/economy would also do away with much violence. This would be accomplished through technology that would allow for a world currency to be digital, or intangible. Not only would a digital currency make accounting easier, but it would also significantly, if not completely, eliminate the volume of crimes that occur due to the desire for more of the vehicle that allows for buying power. An intangible world currency would deem the need for a tangible way to barter, useless. Today, CASH(tangible) is still used for transactions that take place via exchange of 'legal tender', albeit at a considerably lower rate, since the invention of the 'magnetic stripe', barcodes, scanners, etc. An intangible world currency would usher in a system where the need for such a 'complicated' approach to bartering would be not only impractical but also irregular in regards to statutes. However, the 'convenience' of the system would obviously come at a price. If you want to be part of it, you must prove your allegiance to it. And granted, who wouldn't? The best and at the time, ONLY way to buy or sell will be through the 'convenient' system.
To be continued....UPDATE 4/1/19
Today, it would appear the two of the most populous nations in the world, China and India, are setting the pace for the new economic approach.
https://lastdaysdisciple.blogspot.com/2019/03/china-and-india-pacesetters-for-mark-of.html
Today, it would appear the two of the most populous nations in the world, China and India, are setting the pace for the new economic approach.
https://lastdaysdisciple.blogspot.com/2019/03/china-and-india-pacesetters-for-mark-of.html
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