Capitalism has been the driving mechanism for human society, progress and prosperity in modern history. It is this driving engine that is now about to fail completely.
Capitalism, as in free trade and voluntary interaction, is not going to fail. Much of the establishment of corporatist inefficiency will be in turmoil and the collateral damage for everyone may be severe, but eventually the natural order will recover better and stronger than before.
Bitcoin may well be an integral part of that recovery process, but the Internet most definitely will. For whether Bitcoin plays a big role it's all a question of timing. And timing-wise we are in an odd position: every estimate of when the collapse will happen has been premature, yet when it actually does happen it will surprise in the opposite direction - earlier than we expect. That is, we are always expecting a collapse within 1-2 years, but 10 years later still nothing. Yet when the collapse finally does happen, it will blindside us because we'll still be expecting it not to happen for another 1-2 years, or maybe even 3-6 months, but not
on a dime.
Well, I've been expecting it within the next couple years for a decade already, and recent events make me wonder if we have more than a couple months. But again, we never know in advance what the 'last straw' will be. For the Brazilians, it was a 10 cent bus fare hike; for the founders of the United States, it was a 3 pence
per pound tax on tea. When a society is being attacked with a thousand cuts, it's hard to tell when you hit that last one.