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Paystub from a US coal miner in 1942. Ends up owing his employer $1.84 ($35.76 in 2023) at the end of the pay period.
(lemmygrad.ml)
What do we call this? Early stage capitalism? What the Western world is on track to return to? Forshadow capitalism?
This is when miners were paid in company currency and lived in company houses and shopped at a company store.
I mean, if that’s late stage capitalism what do we have 80 years later? Later stage capitalism? Are people paying the company store like this today?
Worse, central bank issued digital money. https://www.reuters.com/technology/limited-support-central-bank-digital-currencies-global-investment-industry-2023-07-26/
Not behaving? Can’t buy or sell anymore. Reached your carbon limit for this month? Can’t pay for that steak anymore, buy some soy beans instead.
soy beans are good though
Soy beans are delicious!