• HobbitFoot @thelemmy.club
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    8 months ago

    how come towns and villages existed for tens of thousands of years with no credit scores?

    They did. Even before money was a thing, there was an unofficial tally kept by members of a community as to who contributed and who didn’t. Non-contributing members would lose social status and potentially access to the community’s resources.

    • mindbleach
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      8 months ago

      See David Graeber’s “Debt: The First 5000 Years.”