>>514022376
But we do have a society based on debt. Of course there's other solutions; how about corporate ledger book economies....like the early USA...sharecropper economies. A bunch of courtiers and jew moneylenders in the City of London in the 16th and 17th centuries form corporations (what they called back then Commonwealths) traded on their primitive exchange or in some London coffee house. Then the corporation with landholdings in the colonies get people to sign contracts to clear their land and start growing crops. A certain percentage of the crop goes to the corporation. You don't even need startup money for your sharecropper farm. It's all debt on a ledger book. Here's your mule, your plow, your shovel, your saw your axe, some bags of flour and lard, some molasses from the west indies. Here's some rum. It's all debt agaisnt your next season's crops, if youre industrious and skillful enough to grow crops. You live in a shotgun shack. You do some hunting. But you're trapped in a monopoly. No other entrepreneurs can open competing shops. You're trapped in the economy of the corporation or commonwealth that owns your land. If you leave your land to go fight the King's mercenary Hessians because they're billeted oin your home and they're eating all your food, drinking all your booze and fucking your wife, your daughter and maybe even your son then you're not working your land and providing the corporation with their share of your crops to pay off the shit they gave you that's on their ledger book.

BECAUSE THERE WAS NO MONEY. There was no money circulating in that economy. The first attempts to create a paper script money by the Revolutionary Govt was a disasters. Total inflation to the point where you might as well wipe your ass with your money. Same thing with the French Revolution. Assignats inflating to zero value = successive revolutions