2 ms·

An example of such an economy IRL?

• dragonwriter 6y ago
  Lots of small-community, low-tech societies (very much “pre-capitalist” in the view of either capitalist or Marxist teleogical economic descriptions).
  • colinmhayes 6y ago
    Low tech societies still have capital. I was looking at givedirectly recipient stories, https://live.givedirectly.org/newsfeed/search?search=Kenya+Covid-19#search https://live.givedirectly.org/newsfeed/search?search=Kenya+C.... Almost everyone uses their money to invest in their home, livestock, or children's education. The push and pull between capital and labor absolutely exists here.
    • dragonwriter 6y ago
      > Low tech societies still have capital. I was looking at givedirectly recipient stories, I was referring to historical low tech, small community societies, not any places integrated enough with the modern global economic to have “givedirectly recipient stories”. But, that aside: > Almost everyone uses their money to invest in their home, livestock, or children's education Neither a home nor children's education is capital. Livestock is, but plenty of historical societies didn't feature private ownership of livestock (though it's probably one of the oldest forms of private capital.)
      • colinmhayes 6y ago
        There aren't really any communities large enough to be considered societies and are so cut off from technology that they couldn't be the recipients of givedirectly. Homes and human capital are absolutely capital.
• darawk 6y ago
  NK essentially operates this way, at least nominally.