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!
Hmm, but why would a farmer provide food to people without getting anything in return? This is, assuming everyone is selfish, which is the core assumption of capitalism.
Economics and unrealistic assumptions, name a nore iconic duo.
Well I mean, most of the liberal and classical economists generally try to predict the behaviors of consumers, which lead to assumptions such as “People will generally be selfish”.
Because they’re put in an economic system where if they aren’t - they starve.
I can appreciate the spirit of this post, but it’s a perspective only a teenager could hold.
people should not starve. we have the resources to ensure nobody starves. it isn’t a naive statement, its a moral imperative.
