this post was submitted on 12 Dec 2023
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I wanted to chime in with trade and lack of ressources, but they also got really really good at plundering due to the political system of feudalism (whose need for currency to fuel more wars also gave rise to credit systems)
Damn, I’m beginning to tbh k I was wrong. Because almost everyone is pointing at debt systems as the cause. I really need to read “debt” by the big G it seems.
there is stuff wrong with Graeber. Very Chartalist view of money. But financialization as a superstructure is still foundational to capitalism's development and the conquest and exploitation of the "americas".