hh on Nostr: Henry George already observed this paradox in the 19th century, before fiat, central ...
Henry George already observed this paradox in the 19th century, before fiat, central banking and the corporatist state were invented.
How was it possible that Enlightenment and Industrialization brought objevtively worse living conditions to the masses in places like the UK or even the then-new Western frontier of the US, compared to pre-industrial ones?
My point being, there are fundamental and deeper sociopolitical reasons for this debacle.
Bitcoin solves part of the problem, but without solving the rest (the State, and the wrong approach to taxation and property rights), it will not be enough.
How was it possible that Enlightenment and Industrialization brought objevtively worse living conditions to the masses in places like the UK or even the then-new Western frontier of the US, compared to pre-industrial ones?
My point being, there are fundamental and deeper sociopolitical reasons for this debacle.
Bitcoin solves part of the problem, but without solving the rest (the State, and the wrong approach to taxation and property rights), it will not be enough.
quoting note1sf6…y7srthink of the massive productivity benefits of industrialization, computerization, and abundant energy…
yet many people must work two jobs just to afford groceries.
inflation is the ultimate scam.
