Capitalism will save this world
- Thread starter Angstrom
- Start date
Cash is simply a medium with which to trade/barter and it's the actual trade or bartering action that is capitalism
I'd love to see Cliff barter his way to a fresh caught Atlantic cod.
What would that process look like?
Look at paperclip guy. He ended up with a house but had absolutely nothing else but a house ($8000 value at the time) in the end. No job, no food, no money to pay utilities, maintenance or taxes and in the end had to give it up.
What would that process look like?
Look at paperclip guy. He ended up with a house but had absolutely nothing else but a house ($8000 value at the time) in the end. No job, no food, no money to pay utilities, maintenance or taxes and in the end had to give it up.
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Well, if I were to guess.... Cliffy would beg, borrow or steal $400 to buy from a guy that tells him he has a buddy that owns a fishing boat on the East Coast.
The 'guy' would likely toodle on down to the river's edge and buy a trout from a local, give it to Cliffy and tell him that the freshest Atlantic salmon look exactly like brook trout.
Barter is level trade without capitalization. Barter is not naturally inflationary but as soon as it becomes capitalism, simple one-for-one trade is no longer enough. In order to generate a profit, you have to trade your chickens for the value of the chickens as well as a little bit more. You can't buy a chicken with ten turnips, anymore. You now need twelve.
Or your other neighbour asks for 8 turnip so you go to him and save 4 turnips.
Straight barter does not entail taking a profit. It is a 50/50 exchange,as close as can possibly be negotiated.
Then, it's straight exchange. Profit requires that one party gets a bit more for the exchange than the other. I suppose, in the broader sense, both parties "profit" from making exchanges but actual profit interest on your investment requires that you get a little bit more for your product than it's really worth.
No margin, no profit, no capitalism.
