To better understand a resource-based economy consider this: if all the money in the world suddenly disappeared, but topsoil, factories, and other resources were left intact, we could build anything we chose to build and fulfill any human need. It is not money that people need, but access to the necessities of life without having to appeal to a government bureaucracy or any other agency. In a resource-based economy money is irrelevant. What’s required are the resources, manufacturing and distribution of the products.
If the thought of eliminating money still troubles you, consider this: If a group of people with gold, diamonds, and money were stranded on an island that had no resources, their wealth would be irrelevant to their survival. It is only when resources are scarce that money can be used to control their distribution. One could not, for example, sell the air we breathe or water abundantly flowing down a mountain stream. Although air and water are valuable, in abundance they cannot be sold. Money is only important in a society when resources for survival are rationed and people accept money as an exchange medium for the scarce resources. Money is a social convention, an agreement if you will. It is neither a natural resource nor does it represent one. It is not necessary for survival unless we have been conditioned to accept it as such.
The Best That Money Can’t Buy | The Venus Project