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Ācārya Malcolm Smith's avatar

Hi Thomas

I never said anything about abolishing property, just as I never said anything about abolishing money, even though both entities are just fictions with no basis in reality. But we do need to know that these things are fictions otherwise, we are captured by our own realism.

What you are basically asking is "How there be an economy without a market?"

The incentive for people to work, to engage in labor is the same as it has always been: the need to eat food and the pleasure of making things others will enjoy. Humans have, for thousands of years in all parts of the world been providing goods and services to one another without the kind of notion of property we have inherited from Roman Law:

"But by mid-century, Lewis Henry Morgan’s descriptions of the Six Nations of the Iroquois, among others, were widely published—and they made clear that the main economic institution among the Iroquois nations were longhouses where most goods were stockpiled and then allocated by women’s councils, and no one ever traded arrowheads for slabs of meat. Economists simply ignored this information."

Graeber, David. Debt: The First 5,000 Years (Function). Kindle Edition.

So, Graeber offers one culture's solution to the quandry you pose.

Jules's avatar

Sorry, me again… what you say about subsistence economies not using money was known by my wife in her childhood in 80s rural east Thailand. They could go for ages without using money, and had minimal amounts of it and no concern for it whatsoever. I won’t bother blathering on about their sense of contentment, lack of stress etc. beyond saying that pushing nations and peoples into the money system is *the* royal road to stress, corruption and misery.

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