Reading "Debt: The First 5,000 Years".
One take-away: the stories that (a) money evolved from barter and (b) credit evolved from money are both wrong.
Credit came first (invented by large organizations as a way of tracking resources) then money (which was, if I understand right, mainly used within and between said large organizations).
Barter is only used among people who are already familiar with money. Trade in non-monetary societies tends to be very ritualistic and just one or two steps away from combat; internally, resources are allocated in a way that sounds more like socialism (you need shoes? the council will get you some shoes from storage.)
Lemme say that again, only shorter: "markets" only exist because of government coercion.
Tell that to your favorite free-market fan and let me know how it goes. ^.^
@clacke Well... "primarily", perhaps. But the evidence does suggest that markets, the larger economic sense, only happen when governments act to create them.
The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!