From monetary to nonmonetary society

Abstract

As a consequence of the digital revolution, we predict the dynamic change of our daily lives and consuming activities, and moreover we have foresight on the possible impact to our economic systems and human relations. Section 6.2 discusses the impact of unbundled innovation to the economy and the factors underpinning the unbundled economic activities, and approaches the advantages and issues of the digital platform to be installed in the economic system of a data-driven society. Section 6.3 approaches the issues of the cashless society from the economic aspect of a data-driven society. It points out two types of possible issues: pricing the priceless information and managing personal data without anonymity in the cashless society, which the digital currency enables to realize. Sections 6.4 and 6.5 are the philosophical approaches to the humanity and human wealth to be aimed as the goals of Society 5.0. Section 6.4 suggests the development of current sharing economy method and the economic paradigm shifts: from the conventional economy based on private ownership to the new economy based on collaborative commons, and from the society with the conventional value for ownership to the society with the new value for usage. Section 6.5 approaches the image of future society to be aimed by Society 5.0 from the view of humanity and philosophy. It suggests that Society 5.0 should innovate the capitalism for transforming from material based to human based together with the growth of human capability, which can be called as a society for “human co-becoming.”.