If Barter Trade is in use today...
November 9, 2008 10:08am CST
and I have 100 cartons of milk, What will you bring for Exchange? (must be equivalent in value to my 100 cartons of milk ) Since some people say 'Money is evil', have you ever wish that the world can go back to Barter Trading? Why and why not? Also, can 2 very different things be really equivalent in value? Please share.
4 people like this
10 Nov 08
The problem with today's world is the way people peg value to anything. Take for example, how do you quantify a barrel of crude oil USD$140 yesterday and only USD$70 today? In the past were barter trade was involved, people only traded for things they need. So the real value (in todays monetary terms) may not be equivalent. For example, I need milk, and I only got apples. You need apples, and I agree to get milk with you on a certain quantity of apples. That is it. Simple as that. We both get a fair deal as we achieve what we want with what we have. If we were to go back to barter trading, given today's notion of value, who is going to be able to say 100 cartons of milk equals to say 100 pounds of meat OR in apple terms, 1000 apples? There is going to be constant argument over how many of what changes for how many of what else. Then you see disagreements turn into fights which may lead to war. Best to have a neutral item for the barter. Piece of colorful paper money and metal coins in exchanged for goods at an agreed price.
10 Nov 08
What is equivalent in value to the 100 cartons of milk, in your eyes, and what's my equivalent?? It's hard to strike a balance between the two ^_^ If i were to trade, i will rather find out what are the things u like, and that it has to be at a slighty lower value than the 100 cartons of milk.. hehe ^_^ SO that, i will stand to gain, and yet it's something u must have that's in my possession.. lol So u see, mONey is evil, but human heart is even much worse and uglier than all other things in the world ^_^ lol
11 Nov 08
Barter trade is still use in remote areas in the mountain where money is useless. But since we are living in a city, i dont think it is still possible for some dont even use money in purchasing, they use the plastic card already for it is more convenient than cash to carry. WE are now in cashless society. Anyways, if we forget that we are living in the modern world where money doesnt exist yet.well if you are a vegetarian i will exhange your milk with vegetables you like, just pick anything in the garden so you have all the supply of food all the time , and if you are carnivorous, i change it to a 2 pigs ( male and female) just like in your avatar for i know you like it so much. Is that a fair deal?
9 Nov 08
NOOO!! i dont want to go back to barter system again... we have evolved out of barter system with the introduction of metal coins (gold, silver copper etc) and later the governments issued currencies with the backing of precious metals. Now we are heading into the stage of "Logic Money" where money exists only in electronic form and all the transactions can be carried out electronically. Having come this far i cannot think of going back to the barter system, value of two things can hardly be equal, value depends on the utility and i feel money is the best way to compensate for any goods or service. So i'll rather take your milk as a gift.
• United States
9 Nov 08
I'm not sure what I would trade for your cartons of milk. But, did you ever hear, or read, about the guy who traded a red paper clip for a house? Through a series of trades, he got a house. Genious!! He is now looking at trading the house after he and his wife lived in it for a few years. But, that does show that two very different things can value different. You know..."one mans trash is another mans treasure".
10 Nov 08
i would trade you two goats. i seriously dont know but right now on our local radio station (i am in canada) about trading goats (i cant remember what the commercial is about to be honest) but i have been thinking about this as well. i wonder what it would be like to do that type of trading.
10 Nov 08
Barter trade is good but today there r things which cannot be equalled with other things for exchange such as electronic goods such as a laptop or a music player. This system may be good for some commodities but not for all. Imagine a country exchanging onions for a mig fighter.
• United States
10 Nov 08
I don't think that Barter Trading will work well, because it's not so easy (rather hard) to find the things they can exchange for what they need or want for something else they have in themselves, other than money. So say that you have 100 cartons of milk, and cool, that is great. But does one person really need 100 cartons of milk? I don't know how much your carton of milk is, it can be a few dozen milliliters, a gallon, half gallon, pint, or whatever. But I don't think even the serious milk drinker will ever need 100 cartons of milk, as they all have the expiration dates and such. I don't see how money is evil. I really don't think that money is evil. As long as you spend your money wisely, satisfied with what you earn, and if you are not so greedy for them, perhaps the money isn't so evil. To me, money itself isn't evil, but the people who are greedy for money are perhaps evil themselves. Money exists, because it has a certain value that it can be exchanged for a certain product that you wish to buy. It sounds like that money itself is not so evil in your eyes, you just wanted some opinions thrown at you. But in my eyes, money isn't evil whatsoever. It's just a natural piece of paper with little fancy prints on it, or a little piece of circular metal with some engravings on it that has some certain values in it. You can use them to purchase certain things whether they are your needs or wants. Anyway.. back to your discussion. I really don't prefer barter trading to be the economic system in our country, but I really wouldn't mind if the barter trading club or some other organization of barter trading exist. Perhaps they are people's favorite kind of trading system. If the barter trading did exist and our society went back to it, perhaps I would rather find it hard for me to see what i can give you for your 100 cartons of milk. Your value of your own 100 cartons of milk can be (usually) different from my value of your 100 cartons of milk. So there's a little conflict there. It's not so easy to find a good deal when we trade certain things through barter trade, because everyone's values in certain things are very different. Maybe 2 very different things (like your 100 cartons of milk and my... some number of bag of chips maybe? can have an equivalent value) but there will almost always be a disagreement over my value and your value. anyway... for your 100 cartons of milk, if you would allow me to trade some of my items for your 10 cartons of milk 10 times, or 5 cartons of milk 20 times, then I guess I would trade your 10 cartons of milk for maybe a few bags of chips, or 5 cartons of milk for maybe couple bags of chips. Sorry I can't think of any other items I can exchange for :p
11 Nov 08
very true. A barter club can only work among friends or people you can trust. Also, it can only be done among non-calculative people. I personally prefer the current system too. I think that human beings are the one who are evil, not the money. Money is just a creation of human beings. I'll take the 5 bags of chips for 5 cartons of milk.. how about that?
10 Nov 08
it oftens still happening here with my neighbours as somedays they get sugar from myhome and the other day we get some spices or we use of their appliance. And i could say in macro level it wont work as we cant stand with our product to make barter as we already enjoyed the facility of using the simple money
9 Nov 08
The barter system still is in existance. My sister is a hairdresser and she belongs to a barter club. Anyone in the club is allowed to contact any other member and they barter for what they want. You have to be a business in order to join the club. She trades hair cuts and perms and such things, with people for things she wants done. For example, she wanted her shop floors, she owns her own hairdressing shop, stripped and re-waxed so she ended up bartering with a guy that does floors for a living. She got her floors done and she, in exchange, made a deal with the guy that he and his wife and one child get free hair cuts and such, for a year. She had to pay for the wax but not the labor. My brother owns a stucco business and is a member of the barter club too, and he has bartered his work for other work he wanted done on his house. He got his basement developed in exchange for stuccoing some guys house. He paid for the materials used in his basement and the other guy paid for the materials it took to stucco his house. They only barter the labor. I don't remember what the club is called or I would tell you. But it sounds pretty good to me. I might join something like that as I am a small business owner and I clean houses for a living. Maybe there is something I can get for free. hehe Alrighty then, talk to you later, Your friend, Chris