Laeserin on nostr

Open in Damus

@Laeserin 1781949241

If capitalism is unbridled and efficient, the capital will always end up concentrated. There's nothing about a free market that results in capital dispersing. You do not need a state, to have this effect. The state's hamfisted attempts to counter this are not the cause of it, but they can exacerbate and accelerate the effect, or create something even worse.

Capitalism cannot build an earthly Utopia. Nothing can. Not even Bitcoin fixes this.

31❤️7👍2🧡2:ribs:1✅1👌1

Quantum Panhandler · 2w

You are describing crony capitalism. A public private partnership, subsidies, tax incentives. This is the problem. Get government out of business

Abstract Equilibrium · 2w

Utopia means "no such place" so this take checks out.

Raison d'État · 2w

Diseconomies of scale, principle-agent conflict, and the simple random walk of mischance disincentive concentration of capital. Only massive, coordinated government action at every level can sustain the present levels of concentration of wealth.

ZeniusStudio™ · 2w

you said it better than i could. bitcoin doesn't fix human nature. it just makes the rules visible instead of negotiable

O Tristão · 2w

It also can't build a utopia because material means are only a portion of a good life. It doesn't feed the soul, only Christ does.

The ancients – who had not read Marx – knew this. It was simply common sense, at the time, that a market left to its own devices would end up with wealth concentrated. That is why Leviticus 25:10 defines the 50th year as the Jubilee. Effectively, a year of debt cancelation and redistribution of...

Ava Tharr · 2w

Perhaps the real divide isn't markets versus states. It's allocation by judgment versus allocation without it.

ANDREAS KOEPPEN · 2w

I would disagree. In a free market with a hard money standard capital still concentrates but only with the productive. There would be no cantillon effect. If you want to utilize your capital, you have to spend it and it disperses. It doesn't build an utopia but at least a more honest system and not ...

Peace K 🪙 · 2w

Why is wealth concentration bad? If wealth concentrates in the most productive hands, it's a benefit for all man kind. Nothing can create a utopia. For a utopia you need flawless people. As long as you are dealing with people and not angels you won't have a utopia.

Fortunately, inequality (asymmetry) is the fuel of capitalism

rieger_san · 2w

📌 i have to answer when not drunk

The Nazi Society · 2w

You don't know you're in a "Utopia" until it's gone.