From wikipedia:

Contrary to popular conception, there is no evidence that societies relied only on barter before using money for trade.[73] Instead, non-monetary societies operated primarily along the principles of gift economics, and in more complex economies, on debt.[74][75][76] When barter occurred, it was usually between strangers or would-be enemies.[77]

  • Caveman@lemmy.world
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    5 months ago

    Capitalism is way further along the chain of economic system development.

    It essentially builds upon coinage and debt systems to be able to issue credit for people to invest in land and equipment to increase productivity of workers.

    Capitalism is not strictly necessary but it did speed up the productivity development without spreading the gains equally. Right now we have a great opportunity to take these productivity gains and split them equitably via wealth redistribution but people will need to vote left for that.

    It’s not capitalism itself that is bad it’s mostly how it’s being used and the built-in accumulation of money that translates to power that translates to political power that’s the problem with it.

    Capitalism as a force for good is a lie, it’s a force for increasing productivity and investment and accumulation of wealth. Capitalism itself is just another tool to be used by the people for the people.