Technology and its weaknesses
RFID chips seem to be rather strongly marketed by the industry, whereas they have also created a fear of totalitarianism, with various claims of it being the plan by the men behind the curtain.
It is rather self-evident that there are certain risks with putting your whole life on a single chip. One of the fears I’ve read about is the Government or somebody else turning off your chip, leaving you without money, ID or anything which would be required in order to live. This would indeed be devastating for a person, whatever the reasons might be.
In short, this whole technology relies on that the masters are good and respects people to live their lives. The fears, again, claim the masters are not good, but evil, and will seek to destroy opposition, much like we see in totalitarian and dictatorial countries.
It is easy to fall into this fear and reject the whole concept of RFID chips. The idea, though, that money would be available only on a chip, is rather intriguing. This would, after a while, make money only electronic, giving a whole new perspective on money.
When money become mere numbers on an account, as opposed to physical money, it is more easily subject to manipulation. Also, the abundance of money created by money being electronic and thus having no actual limit, could provide with some interesting results. How, for instance, would we limit things? The owners of the systems, such as bankers, could easily create zillions for themselves, without creating anything at all, merely editing the number on their account.
The most intriguing idea, however, would be to take bankers and banks out of the question totally, and letting the government maintain the system instead. This, again, assumes the government to be good. If it assumes the government to be really nice, the government could just add infinite money to everybody’s account, letting everybody buy everything, successfully abandoning the production of new things and leading to a system suicide. Which would be just fine by me, since it proves how weak everything is. However, in a more serious tone, if the system would be maintained by the government, which is (or rather, would be) controlled by the people, we find a way easier way to transform the system as a whole.
The idea of unlimited money for everybody is nice, but for things to work, heavy regulation would have to take place. For instance, prices could sky-rocket, as with wages, in an unlimited system. Ideally, though, prices and wages could be frozen, as the whole system would allow for efficient regulation and a controlled market. This would have to be done through legislations, as naturally, a system collapse would seem rather inevitable to me, as explained above.
In conclusion from my little mind game above, such an economy would lead to a regulated market, rather than a free market, in the sense that prices and wages should be set with everything taken into consideration, at least initially. After a while, though, the system might be self-regulating, as the total amount of the output of money would be limited, thus limiting newcomers from paying huge wages simply because they could (because they cannot do so). Though, economy mechanics considered, inflation may still lead to explosive results, which is why it would have to be regulated on that field as well. (Although I am unsure how you would limit the progress of prices and wages.)
To go back to the RFID-technology as a whole, I remain somewhat positive to its potential, but with a few requirements.
Before we go and unleash the dragon of technology upon our societies, we should ensure our own safety from the system. This means constitutional legislations protecting the individual from surveillance in any form by third parties. Note: self-chosen surveillance, such as the option of displaying personal information to other people, perhaps even position, as I read in a recent science magazine, where phones use GPS technology to locate your friends, would always be okay, as that is you choosing what you want to display, rather than Google or your government monitoring and storing your activities and information without your knowledge. It might be argued that they need to do this in order to provide you with services, but it should at least be protected what they can do with that information, which should be nothing else than provide you with services.
Furthermore, the government should emphasize the use of encrypted communication, and perhaps even help develop them. Why? Governments making requests is a far better way to ensure something being done, than having risky business interests do it. Having the government on your side, rather than against you, is something which can be really beneficial.
On the same time, the government(s) should spend more on helping develop and manufacture new technology, such as “green” technology, for instance as renewable energy production. This is independent of whether or not there is a global warming caused by CO2, as creating these new technologies provides a boost for the country itself, both by creating jobs and by gaining international recognition as a technological country.
I end this post with my conclusion, a.k.a. tl;dr;
New technology is very promising and has got a lot of potential, however, we need to ensure that our privacy and our freedoms are secured as constitutional rights (and safeguard them from being easily removed), before we proceed with applying these new inventions. It would be devastating to rush into the future in an outdated system as the ones we have got now, as these might lead to radical dystopia.
This is again another example of a “fix first”-scenario. No use in going far in a broken machine.
Over and out.

