alphacyberranger to World News@lemmy.worldEnglish • 10 months agoCalls to tax the superrich grow as economic inequality surgeswww.aljazeera.comexternal-linkmessage-square97fedilinkarrow-up11.08Karrow-down126cross-posted to: brainworms@lemm.ee
arrow-up11.05Karrow-down1external-linkCalls to tax the superrich grow as economic inequality surgeswww.aljazeera.comalphacyberranger to World News@lemmy.worldEnglish • 10 months agomessage-square97fedilinkcross-posted to: brainworms@lemm.ee
minus-square@SCB@lemmy.worldlinkfedilinkEnglish0•10 months 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-square@Imotali@lemmy.worldlinkfedilinkEnglish0•10 months 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