Venus Project

Zeitgeist 2 mentions the Venus Project which proposes the world can be run on solar, wind, tidal and geothermal power, with electric cars and maglev trains for transportation, and unlimited abundance of food, shelter and basic needs by eliminating scarcity.  Technology would handle 90% of labor, while technology itself improves to be more and more efficient because it won't rely on money or competition, but instead payment will consist of warm happy thoughts and paintings. 

So what are some flaws in the idea that there is enough energy, food, and advanced technology for everyone in a society relying on resource and energy abundance without using money as a competitive incentive?  Could Intel create better CPUs by being paid in happy thoughts?

http://video.google.com/videoplay?docid=7065205277695921912
http://www.thevenusproject.com/getInvolved.html

>>12
>but with experimental solar panels reaching over 80% efficiency
Solar panel efficiency degrades by a LOT over time.
>they collect enough energy to power a home, and in some cases have enough power left over to be sold back onto the grid.
depends on where they live, Solar energy is not ideal for most major cities which are located in cooler wetter climates.

Solar Panels are still too expensive to produce and the energy is too difficult to store, not to mention they take up room that could be used for better things.