Quote: Originally Posted by Zzarchov
Barter was not self-sustaining, it was far less so than currency.
Only because it hasn't been looked at or attempted to be improved apon since currency became the normal way of controlling trade by those ruling their areas. There are plenty of problems with Currency as is, and isn't anymore self-sustaining then Barter, as it is continually inflated each year with patch work to make the system work for a bit longer. The cost of things keep going up faster then minimum wage can match, and even when you're not at a minimum wage level and put on salary like myself, and you don't get a review or raise for a period of time such as one year.... although Minimum Wage has gone up 6% twice in one year, my pay has remained the same, thereby I'm continually losing out as time goes by while those at minimum wage gradually increase.
Among many other examples which can be made, Currency as I see it is like one big festering hard drive that's been fragmenting for a long period of time..... no matter how many defrags you do, eventually you're going to need to reformat.
How many more depressions/recessions do we need to go through to realize that this system isn't going to work either?
There is a reason people switched to currency in the first place. Perhaps you mean in terms of national boundries it was self sufficient, the problem being no one knows, because there were no national boundries.
In Barter self sufficiency is far less likely, and trade between regions is even more critical and widespread. Efficiency is lower and waste was widespread.
In older societies which were not developed decently, nor were at our level of devlopment that we are at today, I agree that things were probably crap, wasteful, unbalanced and the sort. How well has currency fared in comparison to the amount of study in both concepts and practices to improve each?
For the most part, Currency has taking the spot light for centuries as being the system that works, but I imagine that if we took what we learned over the centuries and implimented changes and revamp Barter to something more updated.... perhaps a hybrid between concepts in currency and barter, one could thus remove many complications we face everyday in our lives now and have a new system which works better. Civilizations have trived on barter along for a long time and kept everything in those cultures substainable.
"Barter is a type of trade in which goods or services are directly exchanged for other goods and/or services, without the use of money. It can be bilateral or multilateral, and usually exists parallel to monetary systems in most developed countries, though to a very limited extent. Barter usually replaces money as the method of exchange in times of monetary crisis, when the currency is unstable and devalued by hyperinflation."
In some cases, when Currency goes all to hell, Barter is what everybody uses as backup for the most part.
"In the past, goods were to be exchanged in the goods of another without considering of its money value. To organize production and to distribute goods and services among their populations, many pre-capitalist or pre-market economies relied on tradition, top-down command, or community democracy instead of market exchange organised using barter. Relations of reciprocity and/or redistribution substituted for market exchange. Trade and barter were primarily reserved for trade between communities or countries. It is also used when the monetary system failed to measure the economic value of goods."
"It is used on important transactions between firms or countries to exchange commodities, when monetary constraints are too expensive for the economic actors."
"A well-known example of multilateral trade is the triangular trade."
en.wikipedia.org/wiki/Barter (external - login to view)
en.wikipedia.org/wiki/Triangular_trade (external - login to view)
But nobody wants to do that. It's completely possible since it's been done on small and large scale examples through history.... but most would think it'd be too much of a headache to revamp what we've already have been using for so long, that it'd be easier to just suck up the flawed system we have now and hope for the best.
Last edited by Praxius; Apr 21st, 2008 at 02:21 PM..