News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
That's only true when you are dealing with the infinite growth of capitalism. Nations and empires have used the gold standard for thousands of years. It only became "impossible" when we tried to inflate the value of economies into the stratosphere to enrich the aristocrats of society.
Crack open David Graeber's "Debt: The First 5000 Years". He's an anthropologist who spent his career investigating this theory, and he found it wanting. Hardly the first, but probably a more fun read than Thomas Piketty or Milton Friedman or Adam Smith. Nations and empires didn't use gold specie until fairly recently in human history. Most of human civilization revolved around different types of credit and debt, typically enumerated in volume of agricultural produce.
Wheat/corn/rice, fish, olive oil, and salt were the most common standards of exchange. Gold was ornamental, but far too little of it existed to circulate as common currency or even reserve currency. It wasn't until the colonial era and the mass exploitation of Africa, East Asia, and the Americas that European Banks had a large enough surplus gold reserve to treat it as coinage.
So you're talking at best hundreds of years, and even then only within the handful of European powers capable of plundering the gold reserves of foreign nations on a global scale. And even that only got these countries from the 15th to the 18th century before the system started breaking down.
Ok. Fair. Let me correct myself: money was based on material goods and not rich peoples feefees about the economy.
Definitely closer to the market. Although one major form of historical debt is taxation, and that's traditionally been subject to how rich people feel about the economy.