Bitcoin limits State action, which in turn limits the ability for people to own vast amounts of material wealth that isn't actually generating some kind of economic and/or social good.
This is the "b...
This constant focus on the state is a distraction. The states are all bankrupt. All state assets have already been sold to the super-rich. The states now have to borrow those same assets back, paying for their use _and_ for the interest on the loans they use to pay for the use, and financing that payment with taxes.
People think governments used to be wealthy because of tax money. No, they were wealthy because they owned income-generating assets: universities, hospitals, harbors, telecom, railways, airports, toll roads, oil wells, mines, industrial companies, etc. Those have almost all been privatized. Everything was sold off or borrowed-against to finance bailouts.
Look at the UK government. It is so broke that it falls in any attempt to borrow more money. It isn't handing anything to the super-rich because the super-rich already own everything. That ship sailed in the 90s and COVID subsidies and TAARP and Chancellor on the brink of bailouts...
It's so over.
The only thing states have left, is a military, which can only generate income by invading foreign lands and stealing assets or helping out private companies by levelling their foreign competition. Which is what they are currently doing.
And, now, as we can see with Palantir and etc., even the militaries are being effectively privatized and directed by the oligarchs.
People think governments used to be wealthy because of tax money. No, they were wealthy because they owned income-generating assets: universities, hospitals, harbors, telecom, railways, airports, toll roads, oil wells, mines, industrial companies, etc. Those have almost all been privatized. Everything was sold off or borrowed-against to finance bailouts.
Look at the UK government. It is so broke that it falls in any attempt to borrow more money. It isn't handing anything to the super-rich because the super-rich already own everything. That ship sailed in the 90s and COVID subsidies and TAARP and Chancellor on the brink of bailouts...
It's so over.
The only thing states have left, is a military, which can only generate income by invading foreign lands and stealing assets or helping out private companies by levelling their foreign competition. Which is what they are currently doing.
And, now, as we can see with Palantir and etc., even the militaries are being effectively privatized and directed by the oligarchs.
