Reprinted from here
Despair has many causes. Personal disability and mortality cause despair. People feel despair regarding disability or death of loved ones. The Singularity will create perfect eternal health therefore health-related despair will be vanish, but in the meantime poverty prohibits access to sophisticated healthcare. Money is the biggest source of despair for many reasons. Monetary despair desperately needs to be cured therefore we shall focus on remedying monetary despair. Post-Scarcity takes us beyond poverty and into utopia. Mass global awareness of Post-Scarcity will end all financial misery.
A Post-Scarcity civilisation occurs when science and technology create unlimited abundance for everyone. Money will become obsolete. Money will be abolished because management of scarcity via monetary limitations will be unnecessary. People in a Singularity-world will create food, clothes, electronic products, transport, or houses with greater ease than printing a document. RepRap and Fab Labs are primitive precursors for futuristic personal nanofactories. Creation of everything in the year 2045 will be easier than sending text messages. Artificial Intelligence will facilitate ultra-efficient usage of resources. There will be no scarcity of resources. Our updated bodies will be effortlessly and painlessly repaired by nanomachines living inside us. Solar power and other green energies will be ultra-efficient and decentralized. Everything will be free. Supreme technology will make us omnipotent without financial limits. Utopia is coming.
People do cruel things for money but there is hope for the future. Awareness changes everything. People at the beginning of the 21st century were largely unaware of how science and technology would create Post-Scarcity. Monetary constraints will end by year 2045: all financial-suffering will end. To prepare for Post-Scarcity we can stop monetary-suffering before the Singularity happens. We can change the world now. Regarding toxic financial inequality the following news reports were collated from a UK perspective but the toxicity of scarcity is a global issue applicable to all nations. Everything in the future is free.