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Right, this is why its totally unworkable as a solution to the problem of transnational corporations wielding too much power, and a totally crypto-ized global e
by CamTin 8y ago
Right, this is why its totally unworkable as a solution to the problem of transnational corporations wielding too much power, and a totally crypto-ized global economy would probably just make that worse. It solves other problems fairly well (paying ransoms to anonymous cybercriminals, as an example), but also doesn't even try to solve the problem that ordinary people can't afford (or figure out how) to have small commercial disputes adjudicated by actual courts anymore, which is (IMO) the one of the reasons these corporations hold so much power.
In the neoliberal world order, government exists to ease the flow of international capital ("These regulations make it hard for us to scale our sales beyond the {US,China,Germany}. Please Mr. President, we need common-sense solutions!"). It has jettisoned its role of solving real problems for ordinary people ("Lord Fontleroy, Biff's dog killed two of my pigs.") as it once did.