Britain's 200 billion debt timebomb

[doodab]

Are they communists, or is there a third way? Robot slaves do all the work and the humans have a life of leisure and choose work based activities purely as hobbies for personal fulfilment?

It's qualitatively different from anything we have practical experience of. All of our current social & political systems are concerned with the distribution of wealth & resources when there isn't enough available to meet everybody's needs and desires.

If things advance to the point that there is enough for everyone to have their fill without depriving or inconveniencing anybody else, then everything can become free at the point of consumption and we will have no need to concern ourselves with equity of distribution, or the opportunity cost of consuming a particular item, trade will become meaningless as everything has the same value and people will be free to make choices without reference to economic necessity. Money will no longer have a purpose and will simply die out.

Iain M Banks "Culture" is a similar idea. It doesn't seem very likely but it sounds great.