- Capitalism and Alternatives -

Trade can still exist without capitalism

Posted by: Keith ( none, UK ) on January 09, 1998 at 01:14:44:

In Reply to: I do not live for the sake of other men, nor do I ask them to live for mine posted by Buck on January 07, 1998 at 12:33:34:

: Actually, The World was based on a mostly barter system until the advent of money. Cash (and capitolism) is just a means of making trade easier.

: Everything you do in life is trade. Your work effort is traded for wages. Your wages are traded for food (or a fleabag apartment that nobody forced you to rent). You can even trade Nothing for Nothing.

You are wrong if you think that capitalism is simply a means of making trade easier. It is actually a way of making profits for the owners of the means of production. Not all of the value created by the employee is returned to him in the form of wages, it is extracted by the Capitalist in the form of profits. Trade can still exist without capitalism.

P.S. As you may have noticed by now, there is no 'o' in capitalism.



Follow Ups:

None.

The Debating Room Post a Followup