this post was submitted on 18 Jul 2023
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[–] Aesthesiaphilia@kbin.social 53 points 1 year ago (3 children)

Money is nothing but a bunch of IOUs to make bartering easier.

[–] OrnateLuna@lemmy.blahaj.zone 27 points 1 year ago (3 children)

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.

[–] lugal@sopuli.xyz 8 points 1 year ago

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!

[–] AnarchoYeasty@beehaw.org 3 points 1 year ago

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

[–] Aesthesiaphilia@kbin.social 2 points 1 year ago (1 children)

Is that guy's accent...Irish Caribbean?

[–] lugal@sopuli.xyz 1 points 1 year ago (1 children)

If I'm not mistaken he's somewhere from western Africa. Was it Togo?

[–] CosmicFlowchart@lemmy.blahaj.zone 3 points 1 year ago (1 children)
[–] lugal@sopuli.xyz 2 points 1 year ago

So I was very wrong. Thanks for dewronging me! (Is that a word? It is now)

[–] Disk@sh.itjust.works 10 points 1 year ago

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.

[–] zzzeyez@lemmy.fmhy.ml 8 points 1 year ago

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).