http://www.bitsofnews.com/content/view/5836/2/


the gradual shift from common ownership to private ownership as pressure on the available resources increases.

really interesting stuff.

fantastic article. thanks.

As a follow up, read this as well. http://globaleconomicanalysis.blogspot.com/2007/06/why-does-fiat-money-seemingly-work.html

also brilliant.

i love the net.

when you think this through, it's all about faith. If you are a king, you can borrow against promises, easy as you like. The key is to maintain your credit rating, or public confidence in you. everyone knows it's not about salt and fish anymore. it's about money as a symbol of value.

this is why the key to wealth creation is value creation, plus the creation of leverage to deliver that value. The combination of value and leverage creates the faith which brings in the symbols of your personal value.

still reading. this is good shit.

Yes, very interesting.

Somehow I don't see this happening here:
>Enclosure riots began as early as the 1520's, but were >usually modest in size and rarely caused violence (other >than the knocking down of hedges and filling in of ditches >that enclosed common lands).

What kind of people see everything around them as something that can be manipulated to make themselves richer?

how would there have been an Enlightenment and ascent of individualism without loss of commons?

i dunno why people wanna go back to feudalism's accoutrements.

Because, like everyone else before us, we believe we are the right kind of person to be the benovelant dictator. Individualism, like communism and capitalism, is only a means to an end. The end being a society that fits one's preferred viewpoint.