1.Summary
The economy means the human act of producing and consuming goods. Within a systematic economic system, people live by producing, exchanging, distributing and consuming goods to meet their needs. As society grows and becomes more complex, so does the economy. The early economy came out of the exchange of goods between people. The economic ideas that began in their social relationships developed into the first coins manufactured around 650 B.C. The invention of the letters created a clause on monetary transactions and later developed a more systematic look. Since then, we have lived in a society in which the word "capitalism" is taken for granted.
2.What was interesting/ What did you learn
It is impressive that the history of capitalism is more complex than I thought. When I think of capitalism, I think Adam Smith is the only one who thinks of it, so I never thought that history would be deep. It was amazing to know the origin of the modern market, going back to the 8-12C Roman Empire and the Islamic Golden Age.
3. discussion point
Critics argue that "capitalism has something to do with the unfair distribution of wealth and power." Capitalism is irrational because it has to be controlled policyally due to inconsistencies and internal contradictions that are not planned by many socialists. But I think there is a limit to this argument. This is because the focus was not on the instability of the system of capitalism, but on the 'human' endeavor to survive in capitalism. Living in a modern society, we have competed because of the unfair distribution of wealth and power, which has grown. I think that human growth has improved society and that economic development has followed. Capitalism is unstable, but isn't the result reasonable enough?
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