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RandomLensmantoday at 3:32 PM1 replyview on HN

Not sure what the means of production are that are under societal ownership with respect to the military.

Anyway, how non-human relationship driven do you think the private economy is?


Replies

WalterBrighttoday at 3:52 PM

Personal favors do play a role in the private economy, but money is still the dominant currency. Under socialism, the dominant currency is favors. Favors are a form of barter, and barter economies are inefficient. I can explain why if you like.