SPGB May Events (2026)

Party News from the May 2026 issue of the Socialist Standard

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Blogger's Note:

Harald Sandø's book, Waking Up, was reviewed in the August 2025 issue of the Socialist Standard.

Letter: Ending the money system can save the planet (2026)

Letter to the Editors from the February 2026 issue of the Socialist Standard

Ending the money system can save the planet

Dear Editors,

Money may feel neutral — just a tool for exchange. And environmental destruction is usually framed as a technological problem, a political failure, or a lack of individual responsibility. But the primary driver of ecological degeneration is the system we live under. It requires endless growth, even though the earth itself does not grow – forests regenerate slowly, soils take centuries to rebuild.

In a monetary framework, nature has value only when it can be priced. So, for example, a living forest is ‘unused land’ and a felled forest is ‘economic activity’. Clean air, biodiversity, climate stability, and future generations tend to be ignored by balance sheets. It is more profitable to extract than to regenerate and so what cannot be monetised is treated as expendable, the result often being not stewardship, but liquidation. This doesn’t happen because people are evil. It happens because the system rewards the wrong behaviour.

The result is that total global debt now equals more than three years of the planet’s entire yearly output — everything humanity produces in one year, multiplied by three, already promised away. But growth and the borrowing that goes with it means more extraction and more pressure on land, oceans, climate, and people. We have in effect built a system that treats Earth as an infinite credit card — and even after maxing it out, it demands a higher limit.

That is why we do not have a problem that can be fixed with better regulation, greener growth, or smarter finance. The system that requires endless expansion on a finite planet is not malfunctioning. It is doing exactly what it was designed to do.

This brings us to the question of artificial scarcity. Money-based systems depend on scarcity, but not natural scarcity — manufactured scarcity. There is enough food, yet people starve. There are more than enough homes, yet people are homeless. There is an abundance of energy from the sun, yet we burn the planet for fuel. So scarcity is not a condition of nature. It is a condition of design. And scarcity doesn’t just damage ecosystems. It damages people and a wounded humanity consumes to compensate. Much of modern overconsumption is not driven by greed, but rather by emptiness. When work is disconnected from meaning, when time is stolen from life, when worth is measured numerically, people compensate by seeking status, possessions and distractions.

This is a system that erodes human dignity. You are valued only when you are profitable. So rest must be earned, care must be justified, illness is a liability, and ageing becomes a problem. Your right to exist depends not on being human but on being useful.

But ending money would change the questions. Without money, society would stop asking ‘Is this profitable?’ and begins asking questions like ‘Is this necessary?, ‘Is this sustainable?’, ‘Does this improve life for people and the planet?’ When production becomes needs-based, technology serves life, not return on investment, and durability replaces planned obsolescence.

It’s not that people aren’t trying to save the planet within the today’s monetary system — many are. But every serious environmental effort is forced to operate against the system’s underlying logic. Renewable energy must compete with fossil fuels on price. Ecosystem protection must justify itself in economic terms. Climate action must promise growth, jobs, and returns to be considered ‘realistic’. In other words, nature is allowed to survive only if it can be made profitable. And this creates a constant contradiction: we try to heal the planet while preserving the very engine that requires its continued destruction. As long as money, debt, and growth remain the organizing principles of society, ecological protection will always be partial, fragile, and reversible — tolerated only until it threatens profits. That’s why saving the planet without ending the monetary system is not just difficult; it may be structurally impossible.

You may say ‘What can we have instead? This is the only system we’ve got.’ But is it? When land, water, and ecosystems are no longer owned for profit, extraction loses its incentive, care becomes collective, and long-term thinking becomes natural.

Stewardship replaces ownership. The guiding question shifts from ‘How can we extract as much as possible?’ to ‘How do we keep this system healthy for ourselves and future generations?’ Just as a humanity stripped of dignity will compete, consume, and destroy, a humanity that feels safe, valued, and meaningful does not need to dominate its environment.

So while ending the monetary system does not magically save the planet, it does remove the root incentive that is currently destroying it — and it also gives both Earth and humanity a chance to recover. This is the core vision explored in my book, Waking Up – A Journey Towards a New Dawn for Humanity, a story that doesn’t ask whether such a new world is perfect, but whether it becomes possible once the old rules are removed. The question is no longer whether we can afford to imagine a world beyond money. The question is whether we can afford not to.

Harald Sandø

Reply:

We broadly agree, though we see the imperative to growth that is built into capitalism as resulting from its economic drive to make and accumulate more profit rather than from having to make money to repay interest on debt – Editors.

Blogger's Note:

Harald Sandø's novel was reviewed in August 2025 issue of the Socialist Standard.

Response to our question (2025)

From the September 2025 issue of the Socialist Standard

Last month’s Socialist Standard contained a review of a new book entitled Waking Up. A Journey Towards a New Dawn for Humanity. Though a work of science-fiction imagining a world with far more advanced forms of technology than currently exist, it advocates and attempts to describe the same kind of society the Socialist Party has campaigned for throughout its existence – stateless, moneyless, marketless and with common ownership, voluntary cooperation and free access to all goods and services. It depicted, to use the author’s own words, a society of ‘seamless harmony between humans and nature’ with everyone leading ‘their own versions of a good life, respecting each other and the planet’.

One reservation the review had, however, was that there was no explanation of how we got there in the first place, how it all happened. The book’s author, Harald Sandø, has now taken up that challenge by providing a short, imagined account of the ‘shift that changed everything’, of the ‘move from a system of money, ownership, debt, competition, war and scarcity to a world of cooperation, sharing, abundance and peace’. He has also said he may integrate this into a future edition of the book. It happened, his account says, via a shift in consciousness of a ‘spiritual’ kind, whereby people voluntarily ‘began questioning the foundational assumptions of the system’. Even billionaires did this and this was especially important since they were the ones who funded the new system. They became out-and-out philanthropists redirecting private property to become ‘humanity’s shared inheritance’, so that ‘paradoxically enough the new moneyless world was created with money’. All this, we are told, happened in an entirely voluntary way with ‘no war’, ‘no forced redistribution’ and ‘no bloody revolution’.

We have in common with Harald Sandø one important aspect of this vision. That is the idea that the shift from the current society of private ownership and control, gross inequality and production for profit – which we call capitalism – to a society of common ownership, economic equality and production for need – which we call socialism – requires a profound shift of consciousness by the overwhelming majority of the population. We cannot, however, regard as plausible his notion that this will somehow be triggered by the generosity of billionaires electing to share their fortunes. Rather we see the prime condition – the sole condition in fact – for such a change in a spread of consciousness among the vast majority of wage and salary workers, which will then impel them, by democratic use of the vote, to take the power necessary to abolish capitalism and set about organising a genuine socialist society – very much of the kind looked forward to by the author of Waking Up and by a good number of others with a similar vision.

So though we welcome this book as, to quote the author’s own words, ‘a canvas for exploring possibilities’ and ‘an invitation to imagine, question and reflect’, we would insist on the need for democratic political action by the majority as a prerequisite for the successful establishment and organisation of the kind of society we share his desire for.

Howard Moss

Waking up (2025)

Book Review from the August 2025 issue of the Socialist Standard

One of the common jibes directed at the Socialist Party is that, though we have been in existence well over 100 years, we have made little or no progress in garnering support for the system we advocate to replace capitalism. We’re talking here about a stateless, moneyless, marketless society of common ownership, voluntary cooperation and free access to all goods and services – one that will be organised democratically on the basis of from each according to ability to each according to need. Our response to the jibe has always been that what we are at least doing is keeping the idea of that society alive and it will be there for the majority to establish once social consciousness has developed sufficiently for them to see the necessity of it.

Positive signs?

And we do see some positive moves in that direction, evidenced by the idea of a moneyless, borderless world society being advocated from a variety of quarters, often quite independent of any contact with or knowledge of the Socialist Party. In recent times, for example, we have reviewed books such as Beyond Money: A Post-Capitalist Strategy by Anitra Nelson from Australia and Description of the World of Tomorrow: A World Without Money or Barter or Exchange: a Civilisation of Free Access by Jean-Francois Aupetitgendre and Marc Chinal from France. A couple of years ago, in the United States, we had Moneyless Society: the Next Economic Evolution from Matthew Holton, founder of the ‘Moneyless Society’ Facebook site, which boasts 20,000 members. Earlier this year, Justin Fairchild, also from the US, brought out Unchained: Living Without Money, advocating a society in which ‘cooperation replaces competition, access replaces ownership, purpose replaces profit’. And now, from Harald Neslein Sandø, a Norwegian living in Spain and writing in English, we have Waking Up. A Journey Towards a New Dawn for Humanity, whose subject of exploration is unmistakeably the kind of society we have always advocated, even though he does not call it, as we do, ‘socialism’ or ‘communism’.

Exploring possibilities

Sandø ‘s book also differs from the others in that it is a work of fiction, science fiction in fact. In his introductory note, the author describes science fiction as ‘a canvas for exploring possibilities’ and his book as ‘an invitation to imagine, question and reflect’. It chooses, in fact, to tell the wholly imaginary story of an individual, Benjamin, who, having been cryogenically frozen when about to die from cancer in 2015, is brought back to life 100 years later after a new society has been established. This is a society based no longer on money but on ‘community effort’, where, as Benjamin is told by one of the first characters he meets, there is ‘shared stewardship’ of the planet and ‘no one owns it – we belong to it’, and there is ‘no money, no ownership, no competition’.

We get little explanation of how this new state of things was brought about, apart from asides such as ‘the planet was about to collapse due to climate change and pollution’, ‘the need for a completely different system became clear’, ‘the monetary system was killing the planet as it demanded a constant overconsumption of resources’, ‘it was a global, democratic decision’, and ‘this transformation has been made possible through a new mindset – a mindset of trust and respect’. We are, however, supplied with intricate details about how the society operates via Benjamin’s discovery of the new way of living people have and the unimaginably advanced forms of technology that challenge everything he once knew. He finds a sustainable world in which human beings collaborate with one another, innovation thrives, mutual support has taken the place of conflict, and there are ‘no supervisors, no bosses, no payroll, no urgency’. And he is told: ‘For the first time in the written history of mankind … we have evolved to a stage where we can look at this planet as a whole, see humanity as one family, and live without borders. This is a world where we all coexist peacefully, without war.’ He also learns that ‘through the efficient management of resources, we have achieved a relative abundance that allows everyone to live comfortably in their own way, regardless of where they are in the world’. It has also become a world of regenerative agriculture where ‘rewilded landscapes flourished’ and which ‘thrived not on domination but on unity’. One of the characters Benjamin meets tells him: ‘We take care of each other, and in doing that, we take care of ourselves. There’s no struggle, no scarcity. Just collaboration.’ The same character goes on: ‘Human nature turned out to be not only selfish and violent. You can choose and, you choose friendliness, which I’m very happy for’.

Human interest

A bit of a fairy tale, a pipe dream, some might say. But it is made less of one – and given a certain plausibility – by the author’s continual explanation of how it works in practice, how the highly advanced technology used to make it operate has been developed and keeps developing. This plausibility is enhanced – and the reader is drawn into the narrative – by the ‘human’ story it tells of how the individual who has been brought back to life adapts to the new world he finds. The book had begun by painting a picture of Benjamin’s former existence when he was a billionaire capitalist driven entirely by the need he felt to accumulate wealth. Now on waking up to find that money plays no part in anyone’s existence, he first feels out of place, ‘obsolete’, ‘not knowing where he belongs’, as he puts it, and he (and we) wonder whether he will cope mentally, how he will accept and adjust to the completely new system and mindset he finds all around him..

As a way of trying to comfort Benjamin and ease his integration into the new world, the guide assigned to him puts an ingenious twist into what he is finding by saying ‘We are all capitalists, as we are living off the shared capital of the planet and universe’. He is then pulled into the drama of a small group of ‘renegades’ who seek (unsuccessfully) to sabotage things and return the world to its old competitive ways, but he comes out the other side in clear opposition to this and in support of a ‘borderless globe’, where, in words that he himself now utters, there is ‘seamless harmony between humans and nature’, where everyone leads ‘their own versions of a good life, respecting each other and the planet’. All this lends some genuine ‘human interest’ to what might otherwise be an accumulation of dry technological detail and, in fact, manages to make the book something of a page turner, its 200-odd pages having been devoured by the current writer in a single sitting.

How do we get there?

There is clearly some comparison to be made here with other attempts at depicting life and organisation in a future non-market society of voluntary cooperation and free access. For many it will bring to mind, for example, William Morris’s late 19th century News from Nowhere, Robert Llewellyn’s News from Gardenia from 2012, and, in particular, the very recent attempt by Troy Vettese and Drew Pendergrass (Half-Earth Socialism: A Plan to Save the Future from Extinction, Climate Change and Pandemics) to provide a kind of day-to-day outline of what a future society ‘without money or a market’ might be like, something they call ‘a total alternative to capitalism’ and offering, as the authors put it, ‘everything from a plan for resource allocation to an outline of what life will feel like’. The main difference between this book and Sandø’s, however, is that, while Vettese and Pendergrass’s depiction is founded on profound knowledge of and reflection on the scientific and technological problems that a marketless society would need to deal with and overcome, Sandø’s vision, while also technological, is far more ‘imaginative’, fantasy-laden one might say. At the same time, it must be said, this is a factor that contributes to its readability.

From a socialist point of view, the main problem that arises from Sandø’s book – and indeed the others mentioned here, including William Morris’s classic – is that none of them deal effectively with the ‘how’, ie, how we get there. None of them specify the spreading of consciousness by the vast majority of workers as the prime condition – the sole condition – under which a socially conscious working class can, by democratic use of the vote, take the power necessary to abolish capitalism and set about organising a genuine socialist society of the kind looked forward to by all these sources – even if they do not all necessarily use the term ‘socialism’ to describe it.

Howard Moss

Blogger's Note:

A number of the other books mentioned in this review have themselves been reviewed in previous Socialist Standards:

• Oct 2022: Beyond Money. A Post-Capitalist Strategy by Anitra Nelson
• Oct 2022: Description of the World of Tomorrow by Jean-Francois Aupetitgendre and Marc Chinal
• Jan 2023: Moneyless Society: the Next Economic Evolution by Matthew Holton
• Mar 2023: Half-Earth Socialism by Troy Vettese and Drew Pendergras