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This is exhibit A in why creating an open source monetary system is so important. Because it robs those with all the power and wealth from manipulating the sys

This is exhibit A in why creating an open source monetary system is so important. Because it robs those with all the power and wealth from manipulating the system for their benefit via monetary and economic policies. This is also why most of the critiques of capitalism fall flat in my opinion. Capitalism is not the problem, but the financial system is. The financial systems greed and market manipulation is what people are trying to eloquate when they say things like “unfettered capitalism”. You can have capitalism with an ethical monetary system, we just don’t. But we could.

oneplane 4y ago
So it's not the system itself, but the greed and manipulation. If any currently existing system could exist but without people's greed and manipulation, would it be as bad as it is now? I think people who have things (imaginary power in the form of numbers in a spreadsheet) will work very hard to make sure that at the very least they can keep what they have, and generally will just want more of the same. Then again, the scope, size and blatant abuse varies from country to country and in some cases gets re-dressed and hidden behind movements, religions, armed conflicts etc. and a universal system for everyone is unlikely to work in the real world, at least not with identity politics and borders.