865
submitted 11 months ago by otter@lemmy.ca to c/comicstrips@lemmy.world
you are viewing a single comment's thread
view the rest of the comments
[-] chicken@lemmy.dbzer0.com 1 points 11 months ago

It's valuable because barter economies aren't real and don't work. All the alternatives you mention are difficult to transport, not fungible, or not scarce, so they won't work as a currency. Either we revert back to gift economies where distribution of goods happens within a community and follows cultural rather than economic rules, or the market settles on a currency for standardized arbitrary transactions between strangers that has the necessary properties of a currency.

this post was submitted on 24 Nov 2023
865 points (99.7% liked)

Comic Strips

12399 readers
3017 users here now

Comic Strips is a community for those who love comic stories.

The rules are simple:

Web of links

founded 1 year ago
MODERATORS