this post was submitted on 08 Feb 2024
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[–] themeatbridge@lemmy.world -3 points 9 months ago (4 children)

OK, let's say I agree with your reasoning. Do we go back to the barter system?

[–] rockSlayer@lemmy.world 18 points 9 months ago (2 children)

The barter economy is a myth, based on absolutely nothing other than a guy just deciding he was right with no evidence. Indigenous peoples had all sorts of complex, non market, moneyless economies. One of them is known as a gift economy, where there is competition between communities and individuals to give gifts larger than the gift they received before. A modern moneyless economic concept is a library economy: think of libraries, but for everything non-consumable.

[–] unreasonabro@lemmy.world 2 points 9 months ago* (last edited 9 months ago)

Produce excess; give it away for bragging rights

What a glorious world it could be, instead of this colossal fucking piece of shit

[–] Hegar@kbin.social 8 points 9 months ago* (last edited 9 months ago) (1 children)

The barter system is a myth, it never existed. Not in the 'I want bricks but only have a sheep and you don't want a sheep so we both get nothing' way that it's taught in highschool econ class.

Before cash, trade could use items of high constant demand - salt, cacao beans, dried tea, etc. - as a medium of exchange. Maybe you're fine for salt, but someone will always want more salt. It was also much more common to just rely on debt. Sure, take my extra bricks and when you have something of equivalent value that I want, you discharge your debt.

[–] gedaliyah@lemmy.world 5 points 9 months ago
[–] AllonzeeLV@lemmy.world 7 points 9 months ago* (last edited 9 months ago) (1 children)

Honestly currency is fine, but not bastardized by the real villain: capital markets. It has made our currency representative of backwards, antisocial values, and in great quantities, proof of how good one is at extracting value from their fellow humans.

Capital markets have gone from supposedly a means for seed funding for businesses to the final word, despite contributing NO LABOR to the products or services they take almost all the produced profit from. And in our terminal state market capitalism, they're eating one another and playing economic tricks for short term cash grabs they enforce on companies through threats of lawsuit, breaking entire economic sector's ability to make the products/services they literally existed to provide in the process. LABOR makes the world run, grows the food, makes the discoveries, capital investment just takes all the fruits and leaves a few crumbs.

We're going to collapse, but if we cared, we'd remake our economy that rewards cooperatives and punishes corporations, and capital investment would receive a small fraction of what labor produces instead of the opposite as it is today.

And yes, going back to a barter system would be better than this. We might even still be able to breathe above ground in 50 years.

[–] IrateAnteater@sh.itjust.works 1 points 9 months ago (1 children)

if we cared, we'd remake our economy

I know this is going to be necessary, but I'm selfish enough to hope it happens after I get old and die. I really don't want to have to live through the violent revolution it will take for that to actually get done.

[–] AllonzeeLV@lemmy.world 5 points 9 months ago* (last edited 9 months ago)

A least you're more honest than the relatively small class of benefactors of this corrupted economy who don't even acknowledge that, being supported by skilled laborers at every level of profit and life, but truly self-deluding themselves and others into believing they earned and should have society/politics/media warping levels of wealth. Reward good ideas and harder work yes, but within reason.

Are we a civilization or not? I want us to be.