Topic: Can civilization revert to a barter system - page 2. (Read 685 times)
I don't really think we can go back to the old barter system in which you would exchange or trade something in return because that was so outdated already and in modern times, you can hardly see the part in which you could try to insert it to be used again. Most especially now that innovation and technology are rapidly spreading and used by almost everyone. Maybe in a little area like in some parts of a country which is rural, it can possibly happen. In the province and in simple communities, this would be probable and doable - to have a barter system that could enable people to live like it was an old century again. However, this won't be possible in the cities as this is more of a task and not everyone has the luxury to trade something for something. This could also bring conflict such as unjust wage counterparts and such to the workers. It's still much better to have it in a money-based system. Because after all, we cannot pay bills with vegies. I doubt the big corporations would even accept that.
I don't really see how a barter system could be working in today's world. The world became so international in the last 50 years. Almost any large company produces in multiple countries and relys on transportation of goods across long distances. The barter systems humans had in the past waa very local restricted. You know the seller or buyer and exchange directly with him. But now electronics buyers from North America or Europe have no real interaction with the sellers from China. It can't really be a direct barter transaction, so we need something in between, which is money right now. There will always be the need of some kind of medium in between.
No matter what happens with banks or CBDCs, there's no way in hell a single country--much less the entire world--is ever going back to a system of barter.
Money as we know it has evolved over centuries to become what it is today, and I see absolutely no reason why anyone would even consider taking a monumental step backward to implement a system that was like 100 steps removed from the present day in terms of that evolution. There would have to be nuclear warhead strikes on a global scale for that to happen, and by that I mean the population would have to be reduced to the point where governments have been obliterated and there's no monetary system left.
If you want to barter, do it as a hobby with like-minded people. It just won't work anymore as a generally accepted form of trade.
Money as we know it has evolved over centuries to become what it is today, and I see absolutely no reason why anyone would even consider taking a monumental step backward to implement a system that was like 100 steps removed from the present day in terms of that evolution. There would have to be nuclear warhead strikes on a global scale for that to happen, and by that I mean the population would have to be reduced to the point where governments have been obliterated and there's no monetary system left.
If you want to barter, do it as a hobby with like-minded people. It just won't work anymore as a generally accepted form of trade.
Barter system is the early stage of transaction method. It has huge limitations that's why we needed evolution of currency and now we are in digital currency era. In this technology era we need everything easily and fastly that's why we are prone to cryptos. If we go back to barter system, I hope that's maybe a technology backing.
When a country's monetary system breaks down, eventually, a barter system does appear as an alternative. In late 2001, in Argentina, bartering was ultimately adopted by people, due to an extreme lack of reliability and liquidity on the Argentine "Peso".
The problem with a barter system is , it may seem like an alternative to a fiat system (especially when the country's economy is crashing), but it's not. One very important feature of the fiat system is it assigns a specific value to a commodity, and establishes the currency as the means for covering that value. in a bartering system, if I own something, it becomes increasingly difficult to transact it, as you need to have the specific good I want, beside the specific amount.
So, no, I don't think bartering is a suitable alternative to a fiat system, at least not in the long run. It may help in some circumstances, but soon enough it reveals its shortcomings.
The problem with a barter system is , it may seem like an alternative to a fiat system (especially when the country's economy is crashing), but it's not. One very important feature of the fiat system is it assigns a specific value to a commodity, and establishes the currency as the means for covering that value. in a bartering system, if I own something, it becomes increasingly difficult to transact it, as you need to have the specific good I want, beside the specific amount.
So, no, I don't think bartering is a suitable alternative to a fiat system, at least not in the long run. It may help in some circumstances, but soon enough it reveals its shortcomings.
In my country there's an Island which they barter goods, no money included, item to item transaction. But it's in a rural country side and most of the people engaged in the system are farmers, fisherman and other livelihoods around a jungle or in the sea. The local government is letting them do this but once in a week, only on Sundays. At first I was shocked, couldn't believed what I saw, and then came to realized that those people where just living their lives how they wanted to, simple and transparent with no things to worries such as tax etc.
This is an exception because the area is far from urban areas, maybe until whatever year I am sure the barter system will always happen,
and as long as people feel comfortable why should change everything,
When goods are exchanged, it is not so much that is balanced, because normally a price must be obtained in usd, but really when exchanges occur it is because they have very strong economic problems, so much so that some people exchange their precious movable goods for markets and food to guarantee their nourishment.
In other markets, somewhat fairer exchanges or exchanges are made, some buy or remove scrap and what they do is sell it, only to pass it to another country through steps such as trails to be able to acquire some money and be able to survive, in Venezuela for the side of the borders with other countries present this type of bartering.
In my country there's an Island which they barter goods, no money included, item to item transaction. But it's in a rural country side and most of the people engaged in the system are farmers, fisherman and other livelihoods around a jungle or in the sea. The local government is letting them do this but once in a week, only on Sundays. At first I was shocked, couldn't believed what I saw, and then came to realized that those people where just living their lives how they wanted to, simple and transparent with no things to worries such as tax etc.
This is an exception because the area is far from urban areas, maybe until whatever year I am sure the barter system will always happen,
and as long as people feel comfortable why should change everything,
Musical instruments and related accessories are expensive, while most musicians are just making enough money to subsist and as such most of them cannot afford new instruments or a piece of gear they need, so they rely on barter to get what they need, they exchange whatever gear they have for what they need, but as I said I do not see how we could run the whole world economy in that way.
This is a pretty interesting concept but I am not sure it could work in the modern day and age. I think most people are still at the point where they simply trust the government for almost everything and I unfortunately don't see that changing any time soon. Instead of using these government coins, how about we just use bitcoin. If they ban it from local exchanges, use over the counter buys/sells.
In my country there's an Island which they barter goods, no money included, item to item transaction. But it's in a rural country side and most of the people engaged in the system are farmers, fisherman and other livelihoods around a jungle or in the sea. The local government is letting them do this but once in a week, only on Sundays. At first I was shocked, couldn't believed what I saw, and then came to realized that those people where just living their lives how they wanted to, simple and transparent with no things to worries such as tax etc.
This is an exception because the area is far from urban areas, maybe until whatever year I am sure the barter system will always happen,
and as long as people feel comfortable why should change everything,
the barter-based system only applies in small neighborhoods, it can be said even between neighbors next to the house if it is suitable,
but for the wider community, I don't think it will happen again, because nowadays there are many conveniences in making transactions and it can be said that everything is online-based.
but for the wider community, I don't think it will happen again, because nowadays there are many conveniences in making transactions and it can be said that everything is online-based.
Nothing is impossible, with the way there are so many innovative projects springing out in the blockchain space on a daily basis, we can see a modernized and the decentralized barter system in future.
Why people think that thing's is impossible is because they have not found the truth of the thing they are looking for or the solution of the things they are looking for, when you are in close with the key of any problem solution it does not look like it is difficult to solve, blockchain project people are complaining of it method but i don't know reasons is anything going wrong there? will it be possible to revert to a barter based system of trade?
Logically returning to the barter system seemed impossible. But this world sometimes doesn't work according to logic there are many ironic and irrational things that often happen even though we can confidently say it's backwards and impossible.So in my opinion, a return to the barter system is possible. It could be that one day the internet around the world is cut off (because of a meteor that messed up a satellite for example) so that we return to the previous system.
The barter system does look ancient and traditional and it seems impossible to use the system again because our civilization has found a much better system. but did you forget? In the past, before humans invented clothing technology, our ancestors were naked, but today we meet many people who are naked, not because they don't have clothes, but because they think it's cool.
The barter settlement system is a huge step backward. It is no coincidence that people as a whole abandoned this primitive method of calculations many centuries ago, after which it was replaced by cash. The role of money was first played by gold, various valuable items, until people began to use banknotes. Then they began to be replaced by non-cash types of payments, and now digital ones. This is the evolution of means of payment and we should not go back to the Stone Age.
It wasn't replaced by "cash", it was replaced by coins, not crypto version of course but the coins that we know from history. Was that a good idea? Well at times of war they melted every single gold thing and turned them into coins, and even fakes could have been done so easily, it was not the perfect solution, then came in banks and banknotes that you had money in the bank, that is how paper money started.It was meant to provide proof that you had certain amount of money in the bank, and if you needed to pay someone, you got that much amount from bank as banknote, that is how the word "banknote" started. Then we moved to cash as we know today, which was pegged to gold, basically like banknote but by government, it meant to say how much money you have but easier, then they quit gold standard and now it worths absolutely nothing and means absolutely nothing. Aside from crypto, everything has a flaw in it.
Can civilization revert back to barter system? very brilliant question, but no one can really predict the extent to which civilization will turn out finally, we can only speculate. Who knows whether maybe we will see a reformed, civilised and modern version of the traditional barter system, there's no telling that already a structure to actualising this may already be in formulation in the mind of a big thinker, only time can tell really.
Nothing is impossible, with the way there are so many innovative projects springing out in the blockchain space on a daily basis, we can see a modernized and the decentralized barter system in future.
We wont really be coming back into those times on where barter system rules or would be used on this system.We've been progressed and improved way more better than on this system which makes things even more convenient and accessibile without any problems and i dontsee the point on why we would need to come back if we are currently make use of the best one so far?
Nothing is impossible, with the way there are so many innovative projects springing out in the blockchain space on a daily basis, we can see a modernized and the decentralized barter system in future.
The barter settlement system is a huge step backward. It is no coincidence that people as a whole abandoned this primitive method of calculations many centuries ago, after which it was replaced by cash. The role of money was first played by gold, various valuable items, until people began to use banknotes. Then they began to be replaced by non-cash types of payments, and now digital ones. This is the evolution of means of payment and we should not go back to the Stone Age.
Barter system is an unfair civilization when the estimated value is not true, almost at that time people were not aware of the value and usefulness of the products and resources they had, the only meaning is to exchange what they need and give away the superfluous that they can get every day, after a long time, society saw the shortcomings of this system, the created currency gradually became a convention of value for a product. Since that time, the direction of cash development and valuation has gradually improved, barter civilization is difficult to survive when people's minds are becoming more aware and calculating more about benefits 
Going back to the barter system is a hell no. CBDs is obviously what it is a total government surveillance tool to monitor, control, manipulate, decide and influence the monetary reforms of its citizens and with the exposure on cryptocurrency thus far there would definitely be a revolt in near future because this CBDC would become a treat to many but the Barter system would likely not be an option
right, going back to the barter system is impossible because the government will definitely fight for their CBDC with all their power and effortThe barter system has never been abandoned until now, there are still many out there who use it but the percentage of those who use it is so small that there will be no mass adoption of the barter system again
The barter settlement system is a huge step backward. It is no coincidence that people as a whole abandoned this primitive method of calculations many centuries ago, after which it was replaced by cash. The role of money was first played by gold, various valuable items, until people began to use banknotes. Then they began to be replaced by non-cash types of payments, and now digital ones. This is the evolution of means of payment and we should not go back to the Stone Age.
It hurts to say it, but a couple of years ago in my country bartering was fashionable almost for survival, especially for babies, people gave 2 packages of flour, or 2 packages of rice for a package of diapers, some gave more things To get formula milk, the best exchanges were also any food item for gasoline, and I saw a case of a couple giving their child's car to a market. End of the world things have really been lived, and rather the things that are killing people in most countries such as Covid-19 here the rates are not so high, I think the food here is so complete that the antibodies that are generated are strong, some people drink water directly from the tube without boiling it or the water being treated, so bartering here is still an option.
Trade by barter is just too complex and cumbersome. The huge cost that comes with it is too expensive to manage in this current society of easy lifestyle. Cryptocurrency will help solve the government CBDC. Shops only need need to accepting digital coins across nations of the world, then the government will be forced to support it.
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