37 thoughts on “💲 Money vs. Barter | Characteristics of Money

  1. Money assumes absolute TRUST, which assumes absolute KNOWLEDGE – games of COMPLETE KNOWLEDGE – among ALL players. Otherwise, an imbalance (i.e. injustice) exists somewhere. Somebody (e.g. bankers, factory owners) is freeloading off the labor & resources of others: not giving back at the same rate they are taking.

  2. So what's stopping the shoe maker from doing more than one thing? If nobody needs shoes, then there isn't any point in worrying about having too many. Also remember that the internet exist today.

  3. Money depends completely upon societal trust. Hence, money is a SOCIALIST or COMMUNIST concept.
    So many conservative rightwing extremists miss this elementary point.

  4. The fault of money: when some greedy individuals get real goods & services but in exchange just give false promises or lies or physically violently stole goods from someone else who is not part of that economy and gives those stolen goods.

  5. What if every individual in a barter economy kept a spreadsheet of all the labor done by and all the needs of each individual?
    Say, on paper or on a computer?

  6. I disagree that bartering is ineffective. The internet can make it very effective if designed the right way

  7. Money only works for the rich. Id like to go back to bartering. This money thing aint turning out to good.

  8. Unless the unit of account is physical (e.g. 3 grams of gold for whatever) you can still debase/inflate under the gold standard. All you need to do is change the peg/exchange rate, so the gold standard isn't the answer.

  9. I disagree. If he doesn’t need a pair of shoes, he can still stock up on shoes and barter them elsewhere. This will diversify his exchanging power. Most people don’t use the products that they sell anyway.

  10. The problems with barter you address are real in conditions of severe autism, where flexibilty and care about your neighbor do not exist. What would stop a close-knit community of only several 100 people from forming a communist village? You need shoe-makers and other skilled laborers at some point, and they can work as farmhands as well during the plowing, sowing and harvest seasons. If every family is knowingly and actively contributing, and taking responsibility for their role within the community, communism actually works. This was the system in western Europe during the early middle ages, before cities grew to be the economic powerhouses they have been ever since. A lord would gather skilled labor in a village close to his keep, take care of defense, and allow farmers to utilize the skilled labor in exchange for feed, cattle, and horses. Skill made peasants socially mobile as well,and those who did not have an interest in contributing could become a monk. The reason why communism has a bad name is because of its implementation in centralized (feudal) hierarchies such as republics and democracies, where responsibility and ability are heterogeneously distributed.

  11. SHTF or not, barter is crude. Imagine trying to get a flight from an airport. How the fuck do you barter goods and services with all 200 people that work at the airport? They don't work for free. Pilots, crew, airport cleaners, ATC, and all 10000 people EVERY DAY taking flights have to barter with the airport staff?! Jesus christ the IOU's would be in piles. Imagine tracking people down for what they owe them?! Fucked. But gold can be dug up in a foreign country and that country is now rich, and they can sit around doing nothing while you work for them. No different than counterfeit money!

  12. Only after the last tree has been cut down.
    Only after the last river has been poisoned.
    Only after the last fish has been caught, only then
    you will find that MONEY CANNOT BE EATEN.

  13. Due to hyperinflation in Venezuela, barter has been a necessity for goods and services in the past few years among businesses and individuals both. While money is still used, it has become impractical to use much of the time due to the loss of the value of their currency.

  14. You can think of money as barter as well. It is simply barter but for one or two things only. Whatever the thing is that is the most highly desired item by all will become the money. In a free market the money standard will emerge naturally.

  15. I love how this is looking at things from such a clean slate, rather than just assuming money is a fundamental part of existence, as much as gravity or light. It's an idea, one way things can (and have) been done, not a guaranteed aspect of reality.

  16. gold is divisible. if 1 dollar correspondents to an atom I wonder what total money supply would be if it was based on this.

  17. Yes, if that moronic example is how a barter system would work it's true it would never work. Luckily, that is not a real world example.

  18. So if you believe it's in effective due to too many goods why not cut most of the goods out? Majority of goods aren't needed to exist or entertain.

  19. Thats a very inadequate example considering there's 7.6 BILLION living people on earth. And you don't have to trade materialistic items for more materialistic items.
    For example:
    As an electrician, I can trade my knowledge and services in exchange for materialistic items such as clothes, food, and other services.
    And there are tons of different types of professional services that can be exchanged for whatever I am in need of, or what someone else is in need of.
    With there being 7.6 BILLION people world wide, and roughly 350-400 million citizens in the U.S.A.!! I am quite certain that there is a big enough diversity of people with individual needs, and professional trade skills, that barter exchange system would work perfectly. If not better than the current money system in place.
    Money, gold, silver, diamonds, other jewels, and all other firms of 21st century currency are good for only one thing. That is to create a a hierarchy and a guaranteed, forever lasting ladder system, that keeps the poor trapped in a millennium of making the rich richer, and the poor have to survive with less and less.

    BAHAHAHAHAHAHA…….. Yeah, ok buddy. I'll just got strait a school that charges $200,000 to be taught something that's there's 2 available job openings for. Oh but they're both 5,000 plus miles away. And you just spent $200,000 dollars you never really had, and MUST repay now. But there's no jobs in the field of my degree within my grasps.
    Actually, the highest paying job within the entire country, is only willing to pay me $30-$35HR after first gaining 10 years of experience. But they'll start you off at $15.47HR. Isn't that just the best news you've had in your while entire life?????!!!! Oh wait, sorry sir, the positionhad already been filled. But your always more than welcome to re-apply at any time. Mean while Sir, i hear the McDonald, the BurgerKing, the TacoBell, the Wal-Mart, the anything and everything that's guaranteed to go nowhere, but guarantees you'll have the opportunity to make the BILLIONAIRE owners even bigger BILLIONAIRES.!!!

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