:reddit-logo: never fails to disappoint.

  • SoyViking [he/him]
    ·
    3 years ago

    David Graeber wrote a lot about this. The thing about "primitive" societies who haven't invented money yet doing barter instead has no empirical foundation. It was literally made up in the 18th century by British guys sitting in their studies imagining how native American people might do things. Then it was uncritically copied by other authors until it became common sense.

    The known examples of money-less societies used various forms of gift- or favour-based economy instead. Barter-based economies are only known from situations where people who are used to using money suddenly can't use money any more, like in prisons or warzones.