• Imotali@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    Where did I mention the 16th or 19th centuries? And mercantilism was 100% not a barter economy. It was a form of market economy controlled by the state… so I’m pretty sure it’s you who misunderstands what mercantilism is.

    • SCB@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 year ago

      Mercantilism was purely extractive, and thus completely immoral, I agree. However, trade does predate capitalism because capitalism was not a nominal economic system at the time and mercantilist countries traded with one another.