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everybody owes each other stuff, we call this society then people invented coin to represent this debt and trade it around, we call this money the trade of debt ebbs and flows in massive and complex global patterns, we call this the economy https://t.co/SoCh2dJt6I
@yashkaf That’s part of the exchange of debt https://t.co/9pNV2ud0ZX https://t.co/vtFnRALc1V
For centuries, explorers have been trying unsuccessfully to find this fabled land of barter. The main economic institution among the Iroquois nations were longhouses where most goods were stockpiled and then allocated by women’s councils. No one ever traded arrowheads for meat https://t.co/etsTQTcKjl
@visakanv I'm really confused. Are you saying that making and consuming are an incidental side effect, and exchanging debts is the core thing? What would the debts even be about if not the fact that people need to somehow separate the making and the consuming across people and across time?
@yashkaf That’s part of the exchange of debt https://t.co/9pNV2ud0ZX https://t.co/vtFnRALc1V
For centuries, explorers have been trying unsuccessfully to find this fabled land of barter. The main economic institution among the Iroquois nations were longhouses where most goods were stockpiled and then allocated by women’s councils. No one ever traded arrowheads for meat https://t.co/etsTQTcKjl
@visakanv I'm really confused. Are you saying that making and consuming are an incidental side effect, and exchanging debts is the core thing? What would the debts even be about if not the fact that people need to somehow separate the making and the consuming across people and across time?
how it started / how it’s going https://t.co/6f6IJ4tZn8
@visakanv I sort of sense this misses out that at some points people didn't owe racket stuff but then it became beneficial to trade. But yes I agree there are kinda of owing that aren't resource based and these are very old.