"In fact, communism is the foundation of all human sociability.Barter, in turn, appears to be largely a kind of accidental byproduct of the use of coinage or paper money: historically, it has mainly been what people who are used to cash transactions do when for one reason or another they have no access to currency.” Coins came much later, and their use spread only unevenly, never completely replacing credit systems. What we now call virtual money came first. It happened precisely the other way around. We did not begin with barter, discover money, and then eventually develop credit systems. “In fact, our standard account of monetary history is precisely backwards.Indeed, it is a thought-provoking book and I just wonder what do economist think of David's research? That might be my next task as his words are a true reversal of conventional wisdom. In a geopolitical scale debt is an instrument of power. In the realm of morality, debt is the measure of one's trust in another. His book is a review of how debt shaped society. These type of questions get answered through David Graeber's work. What if I tell you barter systems never existed? What if I prove you all societies are communistic at their roots? What does the National Debt mean to us? What is the definition of debt? I'm not economically savvy, but I do consider understanding the origins of our economic system is crucial. DEBT: THE FIRST 5,000 YEARS BY: DAVID GRAEBERĪmericans own about 70% of the national debt while foreign entities own 30%. Here goes my first recommendation of the year. Sharing a short review of the books I read is part of the improvement process. I don't read as much as I would like to - lack of disciple.
0 kommentar(er)
