alphacyberranger@sh.itjust.works to World News@lemmy.worldEnglish · 10 months agoCalls to tax the superrich grow as economic inequality surgeswww.aljazeera.comexternal-linkmessage-square98fedilinkarrow-up1928arrow-down128
arrow-up1900arrow-down1external-linkCalls to tax the superrich grow as economic inequality surgeswww.aljazeera.comalphacyberranger@sh.itjust.works to World News@lemmy.worldEnglish · 10 months agomessage-square98fedilink
minus-squareSCB@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·10 months 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-down1·10 months 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