There is no invention of money imagine drawing
Answers
Answer:
The customer-supplier relationship is impossible to be achieved without money.
This means you can’t get what you want. If you can’t get what you want, you going to die.
And no, you can’t switch back to bartering, just how you can’t switch back to horses from cars, from computers to pen and paper anymore.
That world is ended.
It is hilarious when the people talking about the end of the world, not realizing that it has already ended by the industrial revolution.
It ended, and nobody died.
Quote from the article: “The Philosophy Of Money”
“Money is the tool which makes us available to operate a way which actually helps everybody, including ourselves.
It got birth from the idea that we are better off if we stop robbing and exploiting others, but actually trading with them, meaning, stop using raw force against others to be able to survive, but instead, let’s just use our mind and abilities and trade with them.
Notice that in both cases, your fellow men is your income source.
But in the first case, you take which is theirs by force, destroying their moral or making them even dead, which means your income is constantly declining, taking your existence at risk.
In the second case, you use your power actually not to harm others, but to produce something to them, in exchange of their production, since you realized that 10 people can generate a bigger economical output than 1, and this is not directly proportional, since 10 people doesn’t mean 10x1 output, because there are certain tasks which require at least 10 people, because they are impossible to be done by 9 people. So the economical output is exponentially bigger than the number of humans.
This is where the win-win situations established. Humans suddenly realized that they don’t have to kill each other in order to survive, quiet the opposite, they have to keep them alive if they are producing something, in order to survive.
Moreover, they have to be happily produce something, otherwise their performance would be low, thus, the economical output is declining, thus, the tribe is going to be in danger.
It is funny how the basis of survival is to make other people happy (vice-verse).
And here comes the physical limitations of using commodity money as an exchange (bartering). They realized that they can’t produce more above a certain point, because they simply can’t get paid for it, this means that the economical output going to be bad.
Precise timed spending (what the primes call nowadays as “hoarding”) was impossible, since the precise measure of value was impossible.
This means if you had one clothe and you wanted only 1 chicken for it, but that clothe worth 3 chickens, you either took a loss by giving up 2 chickens, or you took a loss by not trading at all. Loose-loose situation. This made the whole thing slow, awkward and uncomfortable, making impossible to rise the economic output above a certain level.
But the worst part of that was that the supply / demand ratio was hidden, since they didn’t have price tags on the products, so they could not follow the price signal.