Quote from: OROBTC on October 30, 2016, 06:22:59 PM

Quote from: iamnotback on October 30, 2016, 07:43:33 AM

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There is no solution to the inviolable (insoluble) tyranny of the power-law distribution¹ and the Iron Law of Political Economics power vacuum.

Sorry just accept the fate of the human race.

That unfortunate fact won't make gold and silver viable again, just because Bitcoin isn't a panacea. There will never be a panacea. Give up.

I would agree. I have looked at various studies that support the Power Law Distributions, particularly of wealth and even (political) power.

"It is said" that were a Socialist government were to confiscate and then divide national wealth equally, that within 10 years, more-or-less the same hands that held the wealth BEFORE would hold the wealth again.

Also agree re no panaceas. Work and vigilance will always be necessary.

As long as resources are scarce in some way, there is always going to be a difference between the haves and the have-nots. Socialism, Capitalism, Communism, none will really work and there will always be "winners" and "losers". In any system, there is always a top %.

The only advantage capitalism has vs the other systems is that it encourages steeping above and beyond, namely getting a post-secondary education, starting a business, and so on. Communism and Socialism encourage platonic development, and, while everyone is equal, humanity doesn't advance as fast. A Communist society with no outside competition would advance in technology incredibly slowly.