Billionaires have seen their wealth expand by 109 percent over the past decade as their fortunes increase $2.7bn a day.
  • SCB@lemmy.worldEnglish
    1·
    1 year ago

    Mercantilism was purely extractive, and thus completely immoral, I agree. However, trade does predate capitalism because capitalism was not a nominal economic system at the time and mercantilist countries traded with one another.

    • Imotali@lemmy.worldEnglish
      1·
      1 year ago

      Trade is not barter. And if it involved coinage or it isn’t barter. It’s a form of market economy.

      Market Economy ≠ Barter