Post
Topic
Board Bitcoin Discussion
Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws)
by
AnonyMint
on 14/02/2014, 01:05:28 UTC
Also, I think you are using the terms 'socialist', 'collectivist', etc. improperly.  There are anarchic forms of these political philosophies, which many believe are the ligit ones.

What you are referring to are the centralized, statist forms.  'State capitalism' is the preferred term for the system practiced in the former soviet union.  

Crony capitalism, what many believe we are now suffering from, is very closely related to state capitalism.  It masquerades as a 'free market', but is composed of what are essentially state-sponsored monopolies.

The variations in terminology are attempt by academics to classify different symptoms and manifestations of what I believe to be the same underlying disease. I want to go to root disease which is the power vacuum created by the fact that society demands leaders and can't find an equilibrium that is decentralized and leaderless.

I believe if you take away the ability of leaders to tax, they won't be able to give society what society demands they give them. And I believe this will be check on the power of the power vacuum. The tax will be voluntary, so they can't go exceeding the Laffer limit and voting will be done decentralized opt-out rather than "winner takes all" elections. I believe local communities can be more fair (people know each other personally) and work together on community funded projects.

I am very sleepy so the above is not my best possible prose and explanation.

Also I am running out of time to be sitting always in this thread to answer. Will eventually need to let it go.

Hopefully I've made my main points clear enough.

Here on links on the IMF plans for confiscation:

http://www.globalresearch.ca/the-international-monetary-fund-lays-the-groundwork-for-global-wealth-confiscation/5354553
http://www.zerohedge.com/news/2014-02-12/europe-considers-wholesale-savings-confiscation-enforced-redistribution