Basically humanity has moved beyond the pursuit of personal wealth and rather strive towards knowledge and self fulfilment. Those of you familiar with Maslow's Hierarchy of needs may understand where I'm coming from.
My understanding of this mainly comes from the Episode of TNG where the Enterprise finds a bunch of people frozen from, if memory serves, the early 21st century. One of them was a rich guy with lots of investments, and Piccard had to explain to him that there is no money. The Federation has a few Socialist/Communist undertones in this regard.
EDIT: Oh my God! We're discussing the economics of the Star Trek universe on the internet. This is actually the nerdiest I have been all week. Thanks!
My understanding of this mainly comes from the Episode of TNG where the Enterprise finds a bunch of people frozen from, if memory serves, the early 21st century. One of them was a rich guy with lots of investments, and Piccard had to explain to him that there is no money. The Federation has a few Socialist/Communist undertones in this regard.
EDIT: Oh my God! We're discussing the economics of the Star Trek universe on the internet. This is actually the nerdiest I have been all week. Thanks!