To transcend these limitations, The Venus Project proposes we work toward a worldwide, resource-based economy, in which the planetary resources are held as the common heritage of all the earth's inhabitants. The current practice of rationing resources through monetary methods is irrelevant, counter-productive, and falls far short of meeting humanity’s needs.
Simply stated, a resource-based economy utilizes existing resources - rather than money - to provide an equitable method of distribution in the most humane and efficient manner. It is a system in which all goods and services are available to everyone without the use of money, credits, barter, or any other form of debt or servitude.
To better understand a resource-based economy, consider this. If all the money in the world disappeared overnight, as long as topsoil, factories, personnel and other resources were left intact, we could build anything we needed to fulfill most human needs. It is not money that people require, but rather free access to most of their needs without worrying about financial security or having to appeal to a government bureaucracy. In a resource-based economy of abundance, money will become irrelevant.
We have arrived at a time when new innovations in science and technology can easily provide abundance to all of the world’s people. It is no longer necessary to perpetuate the conscious withdrawal of efficiency by planned obsolescence, perpetuated by our old and outworn profit system. If we are genuinely concerned about the environment and our fellow human beings, if we really want to end territorial disputes, war, crime, poverty and hunger, we must consciously reconsider the social processes that led us to a world where these factors are common. Like it or not, it is our social processes – political practices, belief systems, profit-based economy, our culture-driven behavioral norms – that lead to and support hunger, war, disease and environmental damage.
The aim of this new social design is to encourage an incentive system no longer directed toward the shallow and self-centered goals of wealth, property, and power. These new incentives would encourage people toward self-fulfillment and creativity, both materially and spiritually.