Comments by "Sky is really High" (@skyisreallyhigh3333) on "More Perfect Union"
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@BigTrees4ever "Smith came up with the term, he defined the term, and that’s that."
No he didn't. The term "capitalism" was coined by socialist Louis Blanc to describe the economic system currently going on in his time.
In Smiths time, capitalism was already happening for over 200 years. Capitalism got its start at around 1450.
I have already read Smiths "Wealth of Nations". I found him to be a myth maker and nothing more, because that's what he did. He came up with the silly notion that barter came before bullion, even though that's not what happened. Barter has never happened in the way Smith describes.
From Caroline Humphrey's "Barter and Economic Disintegration"
“No example of a barter economy, pure and simple, has ever been described, let alone the emergence from it of money; all available ethnography suggests that there never has been such a thing”
Smiths entire basis for our economic system is just flat our wrong. We know from translating ancient Sumerian tablets that they used virtual money, or credit. Then at around 600 BC the first coins were invented. According to Smith the Sumerians should have been bartering with each other, yet they weren't. Barter between neighbors as Smith describes only happens in societies with bullion where the members don't have any cash on hand.
His goal was to make it out so that the laws of economics is no different than the laws of physics, which means that they are immutable. Sadly, the laws of "economics" aren't set in stone and have changed countless times throughout human history. A study of anthropology shows this very much to be true.
Again, Smith is a terrible person to look towards when it comes to how we should organize society. Trying to define capitalism purely on one philosophers definition is also naïve as fuck. Using the definition for capitalism set by someone trying to justify violent enclosure, imperialism, and colonialism is naïve as fuck.
Enlightenment era philosophers by and large are terrible people to listen to when it comes to how we should organize society.
To me, the best people to define capitalism are those who have been oppressed by it, not those who benefit off it. The beneficiaries will always try to downplay any oppression happening under their system. Why wouldn't they?
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@trestiles1914 "mainly because it’s not feasible"
You literally started off with an assertion. If you believe it isn't feasible, you need to go into detail of why it isn't feasible. You do not get to make the statement that its feasible, thus making it out as if you already understand how communal ownership works, and then turn around and ask how it works.
What is it, you know how it works and have deemed it unfeasible, or you have no idea and want to learn more? Since you started off with the assertion, you need to tell me why it isn't feasible first.
Keep in mind, that for the majority of humanities existence, between a group everything was communally owned. Saying something that humans have done for the majority of humanities existence isn't feasible is clearly a false statement. If we did it before we can do it again.
Why does communally owned projects need funding? If they do need funding, than why wouldn't the community fund it? Why would a privately owned bank be needed? If we make all housing communally owned, why wouldn't we do that with almost everything else? If we made everything else communally owned, what use would money be? If we have no use for money, why would house builders need to be paid in it?
What if instead we all participated in society and realized what we do is necessary and that if we all made sure we all had our basic needs met no one would need to acquire money to purchase things.
"How about you make a real point instead of living in some dream world. I’m open to listening"
How can you sit there and claim you are open to listening when just before you claimed I lived in some dream world. Those two statements are contradictory.
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