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From what I have read there is no physical reason that we could not all have a reasonable standard of living right now with no extra technology. The reason for poverty is not a scarcity if resources, it is a distribution problem. Some people take too much and use systems like law and governance to enforce their relative position. Ditching individual wealth would solve most of the issues which prevent a good life for everyone. Being as most wars are ultimately about wealth and the same for borders it would be revolutionary.