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No trickle... (feddit.org)
submitted 1 year ago by to c/memes@lemmy.world
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[–] 2 points 1 year ago (4 children)

That's just totally incorrect. Most people throughout history didn't even use money, let alone debt.

You need to read "Debt: The First 5,000 Years" by David Graeber. Debt goes back a lot longer than money, and has been part of human existence for as long as that existence has been recorded.

There is no human civilization without debt.

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  • [–] -2 points 1 year ago (3 children)

    I said that, money was created from debt, of course debt came first

    What about the Incas? I'm sure there's others, but we know a lot about them and their economic system, and they only fell because of outside interference

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  • [–] 2 points 1 year ago (2 children)

    You also said:

    Most people throughout history didn't even use money, let alone debt

    So, why not just admit you're not well informed on this subject and leave it there?

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  • [–] 1 point 1 year ago (1 child)

    Ok, now you're just splitting hairs. But I will concede the word debt means more than what I'm using it for

    But there's a difference between "I did this for you, and it's expected you'll reciprocate later" and a formalized version of this

    I don't know how to put it into words yet, but the merchant of Venice is about the idea I'm circling around. Reciprocity is one thing, selling the future, which is always uncertain, is another

    One of these things is the fabric of community, the other is evil

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