Comment on Are currency/monetary base economic systems coming to their logical end?
JayleneSlide@lemmy.world 1 month agoYou are confidently incorrect on this. Currency == money. Money is, for we hoi polloi, a barely consentual conversion and exchange system for our labor, hypothetically allowing us to convert our labor into readily fungible exchange units. Money, at the Capital Class level, is debt, and therefore control, i.e. power. Money is just how they keep score.
There are plenty of barter and Communist (“from those of ability to those of need”) economies, just on scales that fly below the radar of most economists. Your sweeping assertion leads me to believe that you may simply be ignorant of those non-monetary exchanges. Would you be willing to add more context to your assertion?
crashfrog@lemm.ee 1 month ago
en.wikipedia.org/wiki/Barter
What would be an example of the barter economy you’re certain exists? How do they overcome the need for double coincidence?
JayleneSlide@lemmy.world 1 month ago
I misspoke, and you raise a good point. I meant gift economies, and that error is on me. And those are pretty well-documented. I’ll stick to my firsthand experiences: