Forum Post: The common man has been complaining of the same thing for millennia..
Posted 13 years ago on Oct. 12, 2011, 8:01 a.m. EST by Calypsophia
(74)
This content is user submitted and not an official statement
It's time to think outside the box. What better way to take out Wall St than to render it completely unnecessary?! Banks as well. It's time to move beyond a monetary.. standard barter-and-trade system! We are Humans, and we are Free, and we can do BETTER THAN THIS.
Just so you know, it's almost universally agreed by Economists of all stripes that bartering is probably one of the worst systems possible. It severely limits trade and growth and handicaps society. There's a reason they moved to coinage in the ancient world (Rome and Ancient India used coinage at their height) because the bartering system was awful. Even if you standardize it, it's still much more inconvenient than paper money. (How about 5 fans, 2 calculators and 20 books for your old T.V.?) The only countries that barter now are destroyed economies (Zimbabwe), economies collapsed by war (Lebanon during the Civil War) and countries that have no idea what they're doing (Venezuela)
it is an outdated system. money itself has outgrown it's usefulness.
it is an outdated system. money itself has outgrown it's usefulness.