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Feb 17
In ancient civilizations such as the Indus valley or Mesopotamia, Barter systems reigned supreme.

One of the main challenges were double coincidence of wants, but what happens when one trades all his wants for a need?

Hence, wealth disparities begun to balloon, intermediary traders began to exploit their positions.

Through the ages socialist economists have warned of the effects of these gentlemen, no one listened.

They'd often point to the example of King Croesus of Lydia who amassed great fortune through exchanges and conquests he made.

Yet, in a kingdom renowned for it's prosperity, the only rich citizens of Lydia were those involved in trade.

Fast forward to 1776, and Adam smith ironically became the invisible hand of a prophecy.

One that foretold the return of the winner take all trader wasn't only possible, but most probably.

The prophecy is not clear, we do not know how, when, or where.

But somewhere, a trader prepares, poised to resurrect a trading prowess unseen for thousands of years.
Written by
Pluck
60
 
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