this post was submitted on 18 Jul 2023
960 points (99.7% liked)
196
16092 readers
1645 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Money is nothing but a bunch of IOUs to make bartering easier.
I recommend this video which talks about bartering and how our simplistic view of bartering is quite innacurate to how things worked pre-money societies.
Yes, Andrewism is great!
If you are really interested in the topic, you should take the time to read "Debt, the first 5,000 years" by David Graeber. Totally worth it!
Andrewism is great. The majority of the video is discussing David Graebers Debt the first 5000 years which for a book about the history of debt and the relations between people in society is surprisingly entertaining. I'd recommend checking it out.
https://theanarchistlibrary.org/library/david-graeber-debt-the-first-five-thousand-years
Is that guy's accent...Irish Caribbean?
If I'm not mistaken he's somewhere from western Africa. Was it Togo?
No, he's from Trinidad.
So I was very wrong. Thanks for dewronging me! (Is that a word? It is now)
There is no evidence that bartering was a precursor to currency, in fact the opposite is more likely the case. Bartering is used by people who already have an understanding of currency when they don't have money to use.
it's a metaphysical substance with vampiric properties.
however, in my praxis and agitprop i do not fight against money or markets. i fight against capitalists inheriting all the wealth through a stock market riddled by Dark Pools and Arbitration and landlords that suck up a giant portion of our wealth (and even Adam Smith spoke against).