24 July

The economy is (apparently) made of businesses. A business is defined as 'the activity of buying and selling goods and services'. It's a meaningless definition, I can go next door and buy a lawn mower off my neighbour without using a business. I think we've taken a basic act - exchange - and created a mythical activity called 'business' that does it. A business as we know it is literally nothing more than somebody who has a lot of stuff to exchange. Which means there is no economy, there are just people, with more or less amounts of stuff to exchange.