Comments by "佐々木楓(^.^)" (@Kaede-Sasaki) on "VisualEconomik EN" channel.

  1. Surprised it didn't all but disappear back in 2020 😷. Many people were disinfecting and wiping change down. Card swipers and tappers didn't have any physical exchange between people (unless a person stuck their fingernails in the card reader.
    1
  2. Gift cards and bitcoin if you can't use cheques.
    1
  3. The level of taxation is hardly representative of a capitalist country. You can have a socialist country that has low taxes or a capitalist country with high taxes. Capitalism means you have privately owned capital ("those durable produced goods that are in turn used as productive inputs for further production" of goods and services. A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year"). Socialism implies that the certain capital (the means of production) are owned by society (usually through the govt). Legal security has nothing to do with the economic system. You can have capitalist countries with lawless gangs, corrupt judges who accept bribes, and crime through the ceiling. Capitalism has nothing to do with democracy. Capitalist countries can be as authoritarian dictatorship as it's communist counterpart (eg south korea prior to late 80s).
    1
  4. To all: Apologies, money orders do need to have a name (recipient and originator). Bearer bonds do not need either, but probably aren't liquid and are not legal in many countries.
    1
  5. That's what chequebooks are for. Maybe they can bring back gift certificates (predecessor to gift cards that resembled cheques or dollars) too.
    1
  6. With the global economic structure today, if the system were down, that would be the least of your concerns. The total collapse of modern civilization might be first
    1
  7. Or paintings. Or copper. Copper is more easily used for buying things like bread.
    1