all we know is that they don’t use money, except when they do. The writing is sort of fuzzy on the matter, which results (regardless of the intention) in an economy that doesn’t actually seem that different to our modern day in practice
At most they use credits, which at least according to this guy, are at most a peripheral, 3rd party currency, or at least a currency the federation uses for external trade, and that’s what makes most sense to me. Why would the average person care about federation credits when they’re only used on border systems at most, and your home replicator can make you pretty much anything you’d ever want? To a person living in such a world, for all practical purposes there is no such thing as money in the federation.
There’s no money, but people still own businesses and talk about buying stuff, which allows for the economic system to fade into a sort of forgettable background space.
They never seem to talk about buying stuff unless it is out on the frontier, exchanging with foreign entities, etc. It also doesn’t seem like businesses in star trek (at least the above board, earthlike ones) aren’t anywhere near today’s businesses. To me, it seems that they are treated as family businesses, with limited “employee” count, and with each “customer” getting their service/food/item for free, within reasonable limits. It’s like going over to your family’s house for dinner. You don’t pay, you’re family and they will happily feed you (within reason). And it seems that businesses treat everyone like that.
There is no stock market, profit motive, costs of running a business. It’s all done out of the goodness of people’s hearts.
I largely agree with your analysis here. My point was that the way the economy is portrayed is such that we don’t get to see much of how it actually works, meaning that a lot of our understanding is speculation based on a handful of lines.
Meanwhile, they’re still participating in the aesthetics of commerce within the Federation, and literal commerce beyond its borders. The idea that there’s a currency used for trade outside the Federation, but citizens get everything for free within it, is a popular interpretation but it’s never actually explicitly stated within the text outside vague mentions of a “Federation credit”. It’s personally my favorite interpretation, but I think everything’s vague and in the background enough that I can see how people can walk away with different interpretations. Just look at that Ex Astris Scientia article; I even disagree with where some of the evidence should fall on whether it’s pro- or contra- money.
The wildcard here is that we see Federation worlds that seem to still use money, namely the Bolians who are members of the Federation, but the Bank of Bolias is a major financial institution.
The interesting thing to me is that people often assert that replicators are the reason that money doesn’t exist in the Federation, but that’s simply not the case; it’s established in VOY that money “went the way of the dinosaur” in the late 22nd century, prior to the invention of the replicator over a century later. Neither replicators nor money existed in Kirk’s era. It seems that replicators are not essential to eliminating money in the Trek universe, although I’m sure they’re a boon to the standards of living.
My point was that the way the economy is portrayed is such that we don’t get to see much of how it actually works, meaning that a lot of our understanding is speculation based on a handful of lines.
For sure, and it is rather frustrating. But it makes sense that they don’t outright explain the details, as it would just cause lots of people to complain.
The wildcard here is that we see Federation worlds that seem to still use money, namely the Bolians who are members of the Federation, but the Bank of Bolias is a major financial institution.
It also might be a planet to planet thing. Like, imagine if a ferengi colony world broke off and asked to join the federation? They would undoubtetly keep their currency. It would just be a question of whether or not it is seen as a dealbreaker for the federation. I’d wager it wouldn’t be, so long as said ferengi colony keeps to the “every one treated equal, with dignity, and sufficiently provided for” philosophy of the typical federation world.
It seems that replicators are not essential to eliminating money in the Trek universe, although I’m sure they’re a boon to the standards of living.
Yeah, that is a common theme that I’ve heard as well. If we had replicators in today’s world, it would only be for the rich, and even if it came down in cost it would still never be free to get one or operate. The philosophy of society itself has to change to agree to make sure everybody is housed, fed, and cared for sufficiently. Without that step, replicators aren’t going to do anything to get us to a post scarcity world.
At most they use credits, which at least according to this guy, are at most a peripheral, 3rd party currency, or at least a currency the federation uses for external trade, and that’s what makes most sense to me. Why would the average person care about federation credits when they’re only used on border systems at most, and your home replicator can make you pretty much anything you’d ever want? To a person living in such a world, for all practical purposes there is no such thing as money in the federation.
They never seem to talk about buying stuff unless it is out on the frontier, exchanging with foreign entities, etc. It also doesn’t seem like businesses in star trek (at least the above board, earthlike ones) aren’t anywhere near today’s businesses. To me, it seems that they are treated as family businesses, with limited “employee” count, and with each “customer” getting their service/food/item for free, within reasonable limits. It’s like going over to your family’s house for dinner. You don’t pay, you’re family and they will happily feed you (within reason). And it seems that businesses treat everyone like that.
There is no stock market, profit motive, costs of running a business. It’s all done out of the goodness of people’s hearts.
I largely agree with your analysis here. My point was that the way the economy is portrayed is such that we don’t get to see much of how it actually works, meaning that a lot of our understanding is speculation based on a handful of lines.
Meanwhile, they’re still participating in the aesthetics of commerce within the Federation, and literal commerce beyond its borders. The idea that there’s a currency used for trade outside the Federation, but citizens get everything for free within it, is a popular interpretation but it’s never actually explicitly stated within the text outside vague mentions of a “Federation credit”. It’s personally my favorite interpretation, but I think everything’s vague and in the background enough that I can see how people can walk away with different interpretations. Just look at that Ex Astris Scientia article; I even disagree with where some of the evidence should fall on whether it’s pro- or contra- money.
The wildcard here is that we see Federation worlds that seem to still use money, namely the Bolians who are members of the Federation, but the Bank of Bolias is a major financial institution.
The interesting thing to me is that people often assert that replicators are the reason that money doesn’t exist in the Federation, but that’s simply not the case; it’s established in VOY that money “went the way of the dinosaur” in the late 22nd century, prior to the invention of the replicator over a century later. Neither replicators nor money existed in Kirk’s era. It seems that replicators are not essential to eliminating money in the Trek universe, although I’m sure they’re a boon to the standards of living.
For sure, and it is rather frustrating. But it makes sense that they don’t outright explain the details, as it would just cause lots of people to complain.
It also might be a planet to planet thing. Like, imagine if a ferengi colony world broke off and asked to join the federation? They would undoubtetly keep their currency. It would just be a question of whether or not it is seen as a dealbreaker for the federation. I’d wager it wouldn’t be, so long as said ferengi colony keeps to the “every one treated equal, with dignity, and sufficiently provided for” philosophy of the typical federation world.
Yeah, that is a common theme that I’ve heard as well. If we had replicators in today’s world, it would only be for the rich, and even if it came down in cost it would still never be free to get one or operate. The philosophy of society itself has to change to agree to make sure everybody is housed, fed, and cared for sufficiently. Without that step, replicators aren’t going to do anything to get us to a post scarcity world.