alphacyberranger@sh.itjust.works to World News@lemmy.worldEnglish · 1 year agoCalls to tax the superrich grow as economic inequality surgeswww.aljazeera.comexternal-linkmessage-square81fedilinkarrow-up11.05Kcross-posted to: brainworms@lemm.ee
arrow-up11.05Kexternal-linkCalls to tax the superrich grow as economic inequality surgeswww.aljazeera.comalphacyberranger@sh.itjust.works to World News@lemmy.worldEnglish · 1 year agomessage-square81fedilinkcross-posted to: brainworms@lemm.ee
minus-squareSCB@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year agoMercantilism was purely extractive, and thus completely immoral, I agree. However, trade does predate capitalism because capitalism was not a nominal economic system at the time and mercantilist countries traded with one another.
minus-squareImotali@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year agoTrade is not barter. And if it involved coinage or it isn’t barter. It’s a form of market economy. Market Economy ≠ Barter
Mercantilism was purely extractive, and thus completely immoral, I agree. However, trade does predate capitalism because capitalism was not a nominal economic system at the time and mercantilist countries traded with one another.
Trade is not barter. And if it involved coinage or it isn’t barter. It’s a form of market economy.
Market Economy ≠ Barter