Tag: economics
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What Is Capitalism?
What is the point of all this? The point is to be able to come to some sort of understanding of what capitalism means so we can understand the political implications and effects it has. We tend to be presented with capitalism as only partly political because it is so strongly associated with money. Because…
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What Happens When a Country Defaults?
If a ruler wants to get something done, they need to give orders. Personally, there are four types of orders: suggestions, directions, requests, and purchases. On a society-wide mechanistic level, these become two types: decrees (orders without the expectation of repayment, which includes suggestions and directions) and requisitions (orders with the expectation of repayment, which…