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One thing mainstream economists and marxist economists agree on that is that the modern financial system (capitalism, debt based money supply, etc.) could not e
by opportune 7y ago
One thing mainstream economists and marxist economists agree on that is that the modern financial system (capitalism, debt based money supply, etc.) could not exist without a very strong and established legal system with key features: commodification of virtually all tangible assets, tort, contract law, along with of course the ability to enforce the judicial system by force.
- deleted 7y ago[deleted]
- nosianu 7y agoBut that's because our system enables - has to enable - transactions between total strangers. In the past a lot of the economies were local and between people who had to deal with one another again and again. There is plenty of human behavior enforced purely by human hard-wired or culturally enforced behavior. It is much stronger than most people realize because it's a constant hum in the background. The state and the tools you mention took it a level or two higher and enabled more complex and more dynamic structures.