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That's just trading goods for valuables. Not capitalism. Every system in the world since the Neolithic used tokens to interchange goods.
by anthk 2y ago
That's just trading goods for valuables. Not capitalism. Every system in the world since the Neolithic used tokens to interchange goods.
- lanfeust6 2y ago"That", i.e. the economic branch of Liberalism, is Capitalist, which is a combination of the right to private profit and property + market economy. > Every system in the world since the Neolithic used tokens to interchange goods. They used a bartering system. Price signaling came later. Coinage was technically existent rather early but did not see widespread use. Systems devoid of price-signaling a) don't scale, b) are irredeemably terrible. I guess you agree that it ought to have nothing to do with morality because this appears to be a non-sequitur.