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Using saved up money to execute your agenda is a fundamental feature of civilized society. Before money, basic transactions had to have goods exchanged on the s
by riazrizvi 3y ago
Using saved up money to execute your agenda is a fundamental feature of civilized society. Before money, basic transactions had to have goods exchanged on the spot. Money is a simple debt agreement that has been written in a commoditized form so that the creditor can easily trade it at their convenience, with other parties who can delay their dues for longer. It is just commoditized social obligation. Some people have a lot of it, because in their or their ancestors past, they racked up a lot of social obligation. It’s still just people who are due favors, calling them in.