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submitted 1 year ago by shinysquirrel@lemmy.world to c/196@lemmy.blahaj.zone

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[-] PortableHotpocket@lemmy.ca 30 points 1 year ago

We all use labor to meet our survival needs. Humans were just smart enough to specialize in different tasks, and we had to find a way to quantify our labor so we could trade it for different goods.

We don't all need to be farmers, so a doctor will pay a farmer for food, and a farmer will pay a doctor for healthcare. It's a much more efficient way to aggregate expertise in different areas, which means more services are available for your labor without you having to be capable of all of those different kinds of work.

A chimp may be able to feed themselves with their labor, but they aren't making themselves smart phones or performing advanced healthcare. Indigenous societies in North America pre-British are a good example of what humans are capable of without a complex market system to trade skilled labor.

[-] ProvokedGamer@lemmy.ca 8 points 1 year ago* (last edited 1 year ago)

Money was revolutionary because you could finally get the stuff you wanted. Bartering was good and all, but say you have a horse, but you want 3 cattle. You find someone who has at least three cattle and ask them to trade your horse for those cattle. Turns out he doesn’t want a horse and only wants food so you don’t trade, so you’re kinda screwed. With money on the other hand, the person would be more inclined to sell his cattle because that person can get food with it. The problem of not wanting or needing what someone’s offering you goes away.

It opens up the door for anyone to get services like healthcare, or learn how to read because you’ll always have something the other person needs or wants: MONEY.