2 ms·
"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 sys
by 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.