The overthrow of crony capitalism

If Karl Marx and Friedrich Engels were somehow brought in today and given the newspaper, the apparent lack of class struggle would probably make the revolutionaries think they had won. They will see society divide on all sorts of subjects, from identity politics to the right COVID-19 strategy, but are virtually silent about the eternal struggle between labor and capital, oppressors and exploiters. increase.

How different would it be if they returned just 10 years before the tent city emerged in protest of crony capitalism, corporate greed, and the reckless and uncontrollable financial sector as the occupation movement went into full swing? The same problem continues 10 years later, but with a humming background that is almost unrecognizable in the raging cultural war.

Although 1% may be easier to sleep these days, the self-satisfaction they feel is terribly misguided. Anger never really disappeared, and as inequality became more pronounced, capitalist dissatisfaction was no longer limited to the left. Importantly, these primitive revolutionaries now have access to the most powerful economic weapons civilians have ever had.

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Welfare for the rich

Why revolutionary brewing? Because people are not stupid. They see the government spending trillions of dollars to support what is too big to fail while the poor continue to struggle from salary to salary.But what most people aren’t aware of is that the government know Its welfare for the rich has the greatest impact on the poor. Indeed, they knew it for most of the 300 years.

The Cantillon effect, first described in the early 18th century, explains how printing money makes the rich richer and the poor poorer. When a significant amount of new money is put into the economy, the first recipient will spend cash before the price goes up. If they are wise — as the rich — they will invest in assets such as real estate, precious metals, art or fine wine.

By the time this money “trickles down” to the poor (if any), it will be significantly devalued by the inflationary effects of printing it in the first place. As prices go up, the value of assets goes up, so rich people double their prizes, and poor people lose twice as their living expenses rise.

You don’t have to be a socialist to reward the reckless business behavior while rage at the economic machines that make the lives of the poorest people in society difficult. But what is rarely understood is that this is probably a feature, not a bug in the capitalist economic system.

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Crony capitalism and “soft socialism”

It is common to blame the “capitalism” of the economic and social problems that the world faces today. In fact, if Marx were alive today, he would find that he loves a lot about our financial system. Declaration of communism.. For example, Marx’s fifth communist belief argues for “centralization of state-handed credit by state banks with state capital and monopoly rights.” Are you familiar?

The truth is that we actually live in a “soft socialist” utopia. There, regulations, subsidies, and other state interventions are aimed at protecting wealthy people, not corporate giants or savings accounts. It is difficult to understand how a further plunge to the left solves the structural failure of the economic system, which we have already seen printing money as a solution to all problems.Again, without the proper blood and lightning revolution, it’s hard to know what we’re doing. can We oppose such strong vested interests and their political supporters.Borrow a favorite step Vladimir Lenin’s: what to do?

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Whether you are on the left or on the right, the answer is to avoid fighting the rich Under unique conditions. The only way for the poorest people in society to seize power from 1% of their hands is to remove their ability to manipulate fiat currencies.

Bloodless revolution

Can i get bitcoinBTCDo you really challenge (and without blood) the thousands of years of hegemony of the wealthy class? I might say I’m a dreamer, but I’m not the only one. Ask the El Salvadorans.

Prior to the advent of Bitcoin, El Salvadorans receiving remittances from abroad had to pay large fees to remittance businesses such as Western Union and MoneyGram.Since Bitcoin is currently adopted as legal tender, these businesses are Estimated Lose $ 400 million a year. It’s money that comes back directly into the pockets of the poorest people in the world.

This is how the revolution happens — through choice, not through violence. Show people how a mediocre system gives them the ability to grow their wealth with Bitcoin, which makes them poor and inflatable, and they vote on their feet. As more people use Bitcoin to protect themselves from inflation, fiat money is simply less important than being defeated in a lightning-fast coup. As the “pressed middle class” is hit harder, with a history that has given countless evidence that the revolution will only occur if the middle class and political moderates embrace the radical ideas of the revolution. , This will increase the pace.

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The same sign of rebellion is in the air today. People lost confidence in their politicians long ago, but now they are beginning to question the well-established economic and financial stories. The appeal of Bitcoin is that you don’t have to preach your own gospel or attack the other side. The more people who learn about Bitcoin, the more they will understand how they are fooled by the current system.

Bitcoin critics like to argue that it’s too complicated to adopt in large numbers. But which is more difficult, the digital currency with a hard cap of 21 million coins or the embarrassing hand adopted by the central bank and the finance minister to cover up inflation policies that hurt the poor and reward the rich?

Revolutionary France had a guillotine and Soviet Russia had a Gulag, but there is no need to use terrorism to fight unhealthy tyranny of money. Our weapon is the true Velvet Revolution. Our only weapon is an alternative currency that cannot be inflated, terminated or otherwise manipulated, and the only “victim” is the one who kills from a system that hurt everyone else.

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