jimmysong on Nostr: The problem with Democracy isn't democracy per se. It's democracy combined with fiat ...
The problem with Democracy isn't democracy per se. It's democracy combined with fiat money. Whenever systems get large a larger portion becomes rent seeking. And when there are a lot of rent seekers, systemic reform becomes extremely hard.
Every form of government has weaknesses. But it's fiat money that amplifies those weaknesses into critical flaws.
Published at
2023-08-05 00:47:11Event JSON
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"content": "The problem with Democracy isn't democracy per se. It's democracy combined with fiat money. Whenever systems get large a larger portion becomes rent seeking. And when there are a lot of rent seekers, systemic reform becomes extremely hard.\n\nEvery form of government has weaknesses. But it's fiat money that amplifies those weaknesses into critical flaws.",
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