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>it is the state that created the markets This is historically inaccurate. The fact that the term "black market" exists is proof enough to demonstrate that cl
by ur-whale 6y ago
>it is the state that created the markets
This is historically inaccurate.
The fact that the term "black market" exists is proof enough to demonstrate that claim.
That states have always tried their darndest (with varying degrees of success) to control markets to e.g. tax them is a better way of looking at things.
- AsyncAwait 6y agoWhat I said is: > it is the state that created the markets they operate in There's many large corporations who are only still around because of the state, they wouldn't survive on the kind of market you're probably thinking of.
- nathias 6y agoWithout the state the big ones would turn into fiefdoms (and probably will anyway).
- pgcj_poster 6y agoBlack markets just operate on top of white markets, often using the same exact state-backed money. Hunter-gather groups and other social structures known to exist before states generally operated on gift economies. There's not really any anthropological evidence that markets existed prior to the formation of states. Read the first few chapters of Debt: The First 5000 Years by David Graeber (RIP).