alphacyberranger@sh.itjust.works to World News@lemmy.worldEnglish · 1 year agoCalls to tax the superrich grow as economic inequality surgeswww.aljazeera.comexternal-linkmessage-square96fedilinkarrow-up1956arrow-down125cross-posted to: brainworms@lemm.eeworldnews@lemmit.online
arrow-up1931arrow-down1external-linkCalls to tax the superrich grow as economic inequality surgeswww.aljazeera.comalphacyberranger@sh.itjust.works to World News@lemmy.worldEnglish · 1 year agomessage-square96fedilinkcross-posted to: brainworms@lemm.eeworldnews@lemmit.online
minus-squareSCB@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·1 year 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-squareImotali@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·1 year 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