Bartering is not used globally on a large scale to meet the needs of people and populations due to several reasons:
1. Standardization of Value: Bartering relies on the direct exchange of goods and services without the involvement of money. In a global context, it becomes challenging to standardize the value of different goods and services across various regions and cultures. Without a standardized system, it can be difficult to determine fair exchanges, leading to inefficiencies and potential disputes.
2. Limited Applicability: Bartering is often seen as a more traditional and localized form of exchange. While it can be effective in small-scale and community-based transactions, it may not be practical or efficient for meeting the diverse and complex needs of a global population on a large scale. Other modern forms of trade and commerce have evolved to better serve the demands of a global economy.
3. Time Banks and Alternative Systems: In some cases, bartering has been replaced by alternative systems such as time banks, where individuals exchange services based on time rather than the direct exchange of goods. These systems provide more flexibility and structure compared to traditional bartering, making them more suitable for certain transactions and communities.
In conclusion, while bartering has its place in certain contexts, the lack of standardized value, limited applicability, and the emergence of alternative exchange systems have contributed to its limited use on a global scale to meet the needs of people and populations effectively.
