alphacyberranger to World News@lemmy.worldEnglish • 2 years agoCalls to tax the superrich grow as economic inequality surgeswww.aljazeera.comexternal-linkmessage-square96fedilinkarrow-up1957arrow-down125
arrow-up1932arrow-down1external-linkCalls to tax the superrich grow as economic inequality surgeswww.aljazeera.comalphacyberranger to World News@lemmy.worldEnglish • 2 years agomessage-square96fedilink
minus-square@SCB@lemmy.worldlinkfedilinkEnglish0•2 years 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-square@Imotali@lemmy.worldlinkfedilinkEnglish0•2 years 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