Want to Abolish money and go back to gold, as Marx advocated, since gold is so much more “real”? Cambodia tried it. Rekt ever since.

“Cambodia is the only country in the world ever to have
abolished money. The Khmer Rouge, when they came to power on April 17, 1975, set out to impose the strictest Marxist doctrine yet implemented in the Communist world. Money and private property, according to Karl Marx, promote the individual over the community. Thus, Khmer Rouge leader Pol Pot, who had studied Marx’s writings while a student in Paris in the 1950s, ordered that money, markets, and private property be abolished.”

“This radical experiment, which
resulted in Cambodia being without a currency from 1975 to 1980, has left its mark on Cambodia’s economy today. It can be seen in Cambodians’ reluctance to use currency as a store of value, reinforcing historical practices in which only gold and silver were accepted means of exchange.“

“Cambodia needs to adopt a strong single currency—not necessarily its own—as the prevailing means of exchange or it will remain one of the least developed, most impoverished nations in the world.”

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