3min chapter

Notus & Friends cover image

Debt: The First 5000 Years (Audiobook) David Graeber

Notus & Friends

CHAPTER

The Paradox of Exchange

Exchange is all about equivalents. It's a back and forth process involving two sides in which each side gives as good as it gets. Communism, then, is based neither in exchange nor in reciprocity. Exchange does involve mutual expectations and responsibilities. But unlike communism, which always partakes of a certain notion of eternity, the entire relationship can be cancelled out at any time.

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