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>20th century emphasis on 'trade' as the singular most important dimension is now >shown to be false, it is? Trade isn't fundamentally bad. What most people a
by kingkongjaffa 5y ago
>20th century emphasis on 'trade' as the singular most important dimension is now >shown to be false,
it is?
Trade isn't fundamentally bad. What most people are upset with is the value system we have built which depends on the assumption that limitless growth is the goal.
- eternalban 4y agoI did not say it was bad. Simply put, we were assuming that entangling states' interests via trade (globalisation) would put the war monster in a box for good. That has not happened. So it appears that harmonious co-existence can not be based only on trade and economic interests.
- qubex 5y agoThis reminds me of three things: the foundational idea that humans are the “the animal that trades”, Mark Fisher’s concept of Capitalist Realism, and finally David Graeber’s observations regarding debt and his unpublished works regarding ‘play’ being the fundamental element of human satisfaction. The composition of all three strongly suggests to me that exchange is fundamental to the human condition (as it is fundamental to humans’ social capabilities) but that elevating trade to a position of preeminence is a dangerous decision indeed, one that (as an economist) I believe has been oversubscribed by a wide margin.