No, markets and money aren’t natural

That’ll be 94 shekels, please.

When was money invented?

The common narrative is more loaded than you think.

The theory of commons and shared value finding

Where David Graeber’s Debt: The First 5,000 Years falters, is its inability to scale up his findings on the nature of money to the modes of production. Marxists would argue that it is imperative to argue that embedded, social relations should dominate the economy. This relationship needs to be extended to the places of production, namely the fields, waters, and the factories. Graeber, unfortunately, argues that any attempt to control these zones have necessarily failed. However, looking at Incan and Sumerian history, he would be wrong.



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Thomas McGath

Thomas McGath

Writer living in Berlin. This is my personal Medium and not my professional one. Thanks and good night.