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Only because, you're are grossly misinterpreting the phrase. The whole idea behind socialism is that the means of production are controlled and owned in some d
by lumberjack 10y ago
Only because, you're are grossly misinterpreting the phrase.
The whole idea behind socialism is that the means of production are controlled and owned in some democratic manner where everyone has almost equal ownership and control.
Bitcoin is more akin to Rothbard's capitalist utopia, with private ownership of property but no state.
- eru 10y agoAbout a hundred years ago, some Germans (the `Freiwirtschaftler', a bit similar to the American Georgists) had an interesting alternative interpretation of socialism: socialism is when approximately all GDP goes to labour, and only negligible fractions to capital and land. (And they wanted to get there in a market based economy.)