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    Author Topic: Our response to Dmytri Kleiner's misunderstanding of money  (Read 7114 times)
    MoonShadow
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    November 13, 2012, 07:28:07 PM
     #61


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    it's a established fact that many aboriginal cultures did barter
    Really? Lol
    Quote
    Contrary to the popular opinion, there is no evidence of a society or economy that relied primarily on barter.[9]

    Note the key modifier there.  Of course there is no such evidence.  There is much evidence that barter occurred, but none that any particular society relied upon it, for as soon as one did, some commodity became the dominant money.  Yet, nor is there any evidence that no society has not relied (primarily or otherwise) on barter.  You can't prove a negative, and neither can Graeber, but that doesn't mean that his assumptions about how money develops is correct.  If I can find a single instance in the historical record, his theory is busted; but the problem is that the historical record is vague, and no one really kept records of early economic development because even in cultures that kept records no one knew there was any value to recording this information.

    Did you read the link posted?


    Didn't feel the need.  Wrong is wrong.  It's also a appeal to authority fallacy.  If you can't make the argument here, then the validity of the argument is dependent upon the credibility of the presenter, and is thus and invalid argument.
    Quote

    "Now, I’m an anthropologist and we anthropologists have long known this is a myth simply because if there were places where everyday transactions took the form of: “I’ll give you twenty chickens for that cow,” we’d have found one or two (economies that worked that way) by now.


    We have.  Several, in fact.  I have already mentioned some.  The above argument assumes that barter must be the dominate means of value exchange in  a given society.  That is far from necessary.  All that is necessary for money to evolve is that the common man in the society has experience enough with barter in order to preform the act when the opprotunity arises, not that the common man need be dependent upon his bartering skills for his livelyhood.  Barter is always an opprotunistic event, the development of money in it's place increases those opprotunites, and that is why the evolution flows that way.

    "The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

    - Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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