When that's possible, it would surely mean that people could live in a world of material abundance?
When that happens, human nature being what it is I don't doubt value will still be assigned to things. But the emphasis will shift dramatically. Traditionally, things have generally been valued on their use value* - how far the product serves their needs.
If people can easily satisfy their material needs, then the value of products will be determined solely by their social value - and by that I mean not just things like status, but how people use products to express and relate themselves within society.
It will be a strange world, where people no longer identify through their work, family and community - in other words, their natural human relations. Instead, in a world where these things have been made redundant, they identify and relate through their material possessions.
For me, it is the ultimate expression of consumerism. Having been freed from material constraints, it reaches its terrifying conclusion. As natural relations like family and community are broken, natural boundaries like gender and culture are blurred. It is the ultimate form of alienation - with social structures having failed to express our humanity (our 'Gattungswesen' as one philosopher once termed it), instead they shape it artificially and transform it into something unnatural.
It is a strange and dystopian world. Where an individual is less a father, or brother, or farmer, or labourer, or Christian, or Muslim, or Scot, or a local - but rather an emo, a hipster, a Belieber, a 'gangsta', a punk, a chav, or whatever. A world where a large number of pictures from drunken nights out on your Facebook page is deemed a better indicator of your social success than a Master's Degree. Where your identification with mass-produced music labels is seen as an expression of your individuality - the triumph of mass, trash culture.
It is the replacement of work life, of family life, of community life, of national life, with just one new form of expression, of social existence - consumer life.
We're already half way there, but technology like the above could complete the leap.
*I'm not using that term in the Marxist sense here
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