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Yet my own intuition is that notions of money and economic exchange will become less relevant as intelligence exceeds the human level. I suspect the importance of money and economic exchange is an artifact of the current domain of relative material scarcity in which we find ourselves, and that once advanced technology (nanotech, femtotech, etc.) radically diminishes material scarcity, the importance of economic thinking will drastically decrease. [emphasis added]Comment:
Why would intelligence be presumed to be allowed to exceed the human level? Through artificial intelligence? I think there's a belief system embedded in this way of thinking about this singularity idea. If human intelligence exceeds the current level, those who possess it may well drive the rest who don't into extinction. Think about what happened to the neanderthals. "Old" humans will be replaced by the new species. That may be the thing that prevents the singularity.
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