According to Fresco, poverty, crime, corruption and war are the result of scarcity created by the present world's profit-based economic system. He theorizes that the profit motive also stifles the progress of socially beneficial technology. Fresco claims that the progression of technology, if it were carried on independently of its profitability, would make more resources available to more people by producing an abundance of products and materials. This new-found abundance of resources would, according to Fresco, reduce the human tendency toward individualism, corruption, and greed, and instead rely on people helping each other.[7][non-primary source needed] Fresco believes it is now possible to achieve a society in which people would live "longer, healthier, and more meaningful lives." [8] Fresco believes the monetary system and the processes associated with it, such as labour and competition, damages society and holds people back from their true potentials. He states his ideas would maximally benefit the greatest number of people. He claims some of his ideas stem from his formative years during the Great Depression.[9] Fresco believes the current global economic system will have to see a major crisis before people start to lose the confidence in the monetary system and start looking for other directions.[10] Fundamental to the project is what Fresco calls a "resource-based economy". A resource-based economy utilizes existing resources - rather than money - to provide an equitable method of distribution in the most humane and efficient manner. It is a system in which all goods and services are available to everyone without the use of money, credits, barter, or any other form of debt or servitude.[11]
