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|User Info||Amazing article on the fall of the soviet union.; entered at 2012-02-23 16:05:28|
Capitalism isn't a system. It's the lack of a system. It's people doing what they naturally would do if unfettered.
I used to believe that but I always wondered: Why am I not capitalistic with my friends and family? I don't buy in sell things with them. I don't use barter. I do gifts and counter gifts. And I certainly don't make loans with interest. Is a nameless unknown merchant more likely to rip me off than a merchant I know? Relationships are the norm.
And often the natural thing for people to do is to steal what you have instead of paying for it.
I read a book recently called: Debt: The First 5,000 Years. It takes you through the history of Debt and economic systems that have existed for the last 5000 years. Gift and counter gift giving seems to be the norm for most of history. Such a system doesn't work for larger societies but it doesn't seem that todays normal exchange systems are 100% wired in. It was a fascinating book. The author does appear to be a Marxist and he was a big part of the OWS movement so take it with a grain of salt.