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Intellectual Honesty

August 7, 2011

There have, certainly, been times and places when a kind of free market populism has emerged, where markets began operating independently of governments, at least to some degree – Medieval Islam is one famous example, and later, Ming China—but in such cases, they tended to operate in very different ways than the kind of markets we’re now familiar with, less about competition, much more about creating and maintaining relations of interpersonal trust, or for instance, profit-sharing operations instead of interest, etc etc.

…History shows that you basically need a state to create a situation where people are willing to sign on basically as rent-a-slaves to other people.

David Graeber

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