“once the global system of credit money was entirely unpegged from gold, the world entered a new financial history – one that nobody completely understands.” – David Graeber
This is a must-read for anybody trying to understand economy:
once the global system of credit money was entirely unpegged from gold, the world entered a new financial history – one that nobody completely understands.
Sacred Economics traces the history of money from ancient gift economies to modern capitalism, revealing how the money system has contributed to alienation, competition, and scarcity, destroyed community, and necessitated endless growth.
Today, these trends have reached their extreme - but in the wake of their collapse, we may find great opportunity to transition to a more connected, ecological, and sustainable way of being.
