Post
Topic
Board Economics
Topic OP
We will never return to capitalism as we know it
by
Bitcoin Enhanced
on 27/04/2020, 22:21:18 UTC
This piece by Scott Minerd from Guggenhiem Capital outlines pretty clearly that we are at the end of capitalism, and perhaps society as we know it.

https://www.zerohedge.com/markets/us-will-never-return-free-market-capitalism-guggenheims-minerd-warns-current-crisis-lead

Forewarned is forearmed.

I fully agree with Scott's view.  I would however suggest we do not just leave it to the policymakers to "address fundamental reforms in the economy to restore growth and reduce inequality".  Investors need to do this.  I have called the approach Robust Finance: https://www.kenton-dau.com/ and Bitcoin Enhanced is the first of a new asset class that can be part of the solution: https://bitcoinenhanced.io/

If we simply bemoan the mistakes of policy makers we miss the opportunity to see what we and the spirit of decentralised capitalism can achieve ourselves.