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zozbot234 2 days ago

These social ties are real (they are a kind of wealth, or social capital, for the persons involved) but they're also limited to very small social groups, the equivalent of a modern small village neighborhood or HOA. The point of the market is that it scales well beyond those.

mcmcmc 2 days ago | parent [-]

Translating every aspect of human existence into some kind of “capital” is deeply unhealthy.