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The assertion that economies were based on trade isn't well-founded. Multiple researchers have found that economies were based on credit rather than trade - tra
by z3ugma 6y ago
The assertion that economies were based on trade isn't well-founded. Multiple researchers have found that economies were based on credit rather than trade - trading goods for the future expectation of a trade rather than an immediate barter.
https://www.theatlantic.com/business/archive/2016/02/barter-society-myth/471051/ https://www.theatlantic.com/business/archive/2016/02/barter-...
- gabereiser 6y agoI think for sake of argument, trade here is all encompassing. Trade on future, trade on credit, on loan, IOU, or cash... it’s still a trade. A barter between one entity and another for perceived value.
- syshum 6y agoThat is not at all what your link nor the studies it references says it talks about a Community based "gift" economies that are not scalable and work only with limited numbers of close knit people in a single cultural homogenized community