The vision is nice. I don't see it playing out practically.
It's the human competition. Every human in the world is competing - on some level - with every other human.
Your described widespread "benefits" to society just change the playing field all humans are competing on. The money will go from that to something else - to pick something topical say, housing.
Competition and the value of a dollar are not related. If a dollar can go far then that's great. You can compete in business, or sports, or video games whatever. That's great.
> Competition and the value of a dollar are not related.
Precisely. Being able to more easily produce and consume just means more production and consumption. The "rat race" competition will continue. No one will work less.
It's the human competition. Every human in the world is competing - on some level - with every other human.
Your described widespread "benefits" to society just change the playing field all humans are competing on. The money will go from that to something else - to pick something topical say, housing.