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Oh, I agree with you, though this is not often explicitly admitted after the late unpleasantness of 1917-1991. Bernankeist inflation seizes money for the centra
by temphn 14y ago
Oh, I agree with you, though this is not often explicitly admitted after the late unpleasantness of 1917-1991. Bernankeist inflation seizes money for the central government slowly via dilution, while the USSR/Maoist PRC variety seized it more overtly. Same leftism, only a difference of degree. Though with Cyprus we begin to see chronic Bernankeism drop the mask. With Cyprus we begin to see the anti-capitalist core come to the surface: "all your moneys are belong to them". 100% seizure of all bank accounts over 100,000 is de facto communism.
But the anti-capitalists need to understand that they are soon to be completely undone by technology. It is going to be impossible for central governments to seize wealth once Bitcoin ramps up, just as defcad.org has made it impossible for them to seize guns. The universities? Nuked by MOOCs. The media? Bankrupted by the Internet. All the left's citadels are aflame.
And it is glorious.
- eli_gottlieb 14y agoActually, you're continuing to operate according to the idiotic American Rightist definition of "the Left": "THEY WANNA TAKE OUR MONIES, OH NO!" Yeah, no. Cryptocurrency presumes a proprietarian-capitalist legal system in the first place. Capitalism is about private ownership of the means of production. Its financial superstructure can and will vary.