Post
Topic
Board Economics
Re: How can Bitcoin reduce global economic inequality?
by
Pattart
on 17/05/2019, 06:34:44 UTC
Bitcoin and the whole blockchain industry offers a new way of globalization. It reduces inequality because it solves inefficiencies in the economic model that already exists. For example, the remote working model gives the opportunity to anyone that lives in countries with high unemployment rates to find a job remotely and make a living.
Social inequality that occurs, the main problem is not just unemployment. even if you give them a job, will the inequality will disappear? of course not, rich people will still make millions of dollars per month, and other people in the same city just can make $500 or less in one month.
In my opinion we cannot make the inequality disappear, but we can make the economic system fair for everyone, for example the cost of electricity will be different for the poor and the rich, the rich must pay more expensivce than the poor. the price must be adjusted to the each of economy class, and that is done in my country.