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It’s one of the main reasons I don’t use mainstream social media. It has always irked me how on the one hand people are unknowingly being used as laughingstock, but on the other hand users are unknowingly wasting their attention on making a platform billions, and making some questionable people millionaires.

> This was fuelled by what is known as moka, a system of competitive gift giving, where you give someone in your tribe goods like a pile of pigs and shells, and they are then obligated to give you back more later, and you them more again after that. Whoever gives the most, publicly, becomes the big man.

This reminds me of the Reciprocity and Re-Distribution system in the Inca Empire. There wasn't a system of currency or markets. But there was an Ayni (mutual aid) and Minka (collective work) system, paired with a Mita system: work done for the Sapa Inca which was in return "paid" by the Sapa Inca in feasts, food and goods/gifts. This was all glued together by the concept of Ayllu (family), where these obligations were established through family connections and of course the Sapa Inca had marriage connections with subordinate chiefs.

I myself can't stop thinking about the Inca Empire Economy and how it shows in reality that currency is not about the paper nor number nor symbols, and more about the "I owe you"s that move in the economy.


I’d recommend reading the late David Graeber’s “Debt” which does a good job illustrating exactly what you described, which is how currency is at its core an IOU

I cannot recommend reading this book enough.

So… does it follow that the very wealthy basically hold a massive IOU to the general public?

To expand the sibling comment. In principle the money would reflect IOUs the general public owes them. But also following this logic the way I see it is they accumulated their money was by getting more IOUs through: people employment (being able to command a big pool of work and get a cut of IOUs from it), arbitrage (exchanging lower value IOUs with higher value IOUs), or simply stealing (eg. siphoning government resources).

If by wealthy you mean people with a lot of money specifically, than no, the IOU is the other way around.

They hold IOUs from the general public.

See also Bourdieu's Outline of a Theory of Practice.

This was the intention. Originally it was more clear but I moved the other half of the story to the conclusion where it's even more evident that the stories were a way to build rapport and establish some kind of credibility.

I like these abrupt switches that tie-in later. Kind of like a b-roll but in text.


To be honest what happened was that I tried to write a short introduction with both stories from university, they got way too long, then wrote the writing advice, and then tried to mix them both into a coherent post, then noticed the analogy of the trunk was a good anchor and remixed the article even more around that, and this is what we got. Still I enjoyed writing it.

There's always hope for a Part II. Maybe on rhetoric; which is what I interpreted "The second most important thing" to be about. But the concepts introduced there are entirely new to me so I may be off.

OHHH THAT'S SUCH A GOOD IDEA. I'm going to add some interactivity to the circles

Yes please add an obvious method to go back to your homepage - I also attempted to click the circles to do that because there was no link or anything :) I was interested in checking out more of your writing and I had to change the URL to do that.

Your site isn't the only with this "feature" that I've seen lately, not sure what's up with this pattern.


I changed the '..' at the top with a '<-' to make it more noticeable. I also gave the dots some functionality :) thanks for the suggestion

Yep. The main reason I didn't further pursue History academia was that it was too much of a monoculture with a bit of nepotism sparkled all over it. Not to discard everyone there of course; there were some awesome courses and faculty. But there's no way I was going to dedicate my life to such environment with so little in return for it.


Staycations are another name for this, but for these vacations I didn't stay home so idk if it applies here.

I find staycations to be the same thing as a vacation but at home. Especially if you liv in more touristy places (NYC for instance), there's plenty of vacationy things you can take while not leaving more than 10 miles from your house. I like going to the beach or to my parents or what not (even going on trips), but I still need something to keep my mind busy. I hope that sums up the difference well.

> I spent my vacation reading From Third World to First by Lee Kuan Yew.

Will add this to my reading backlog! Was looking for something exactly like this.


I'm sure nature is awesome anywhere, but there's something about spending time in nature with the Andes in the background that's magical.

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