Quote from: shawshankinmate37927 on October 08, 2014, 02:44:41 PM

Quote from: corebob on October 08, 2014, 02:37:25 PM

I don't like the word capitalism, it reminds me of my grandfathers smelly underpants, but the free market will work if Bitcoin stays decentralized.

There are people out there that that call themselves capitalists and give capitalism a bad name. Just like there are people that call themselves Christians or Muslims and give Christianity or Islam a bad name. Those who believe in using the violence and power of the state to protect or establish a monopoly are not capitalists, despite what they may call themselves.

The term "capitalist" is actually a term created by Karl Marx in describing and demonizing the free market.

An absolute free society, anarchism, can only work in heaven; It requires absolute morality for self interest to work without outside force to achieve justice for all. That outside force in a government is the level or scale of law required, preferable a minimum because nobody wants to live in a police state. That force materializes in the power of government over individuals. Unfortunately all power is corrupting to those who wield it.

We live today in a system that has degenerated into "crony capitalism". Big government and big business conspire against their enemies in business and politics within our system, using violence against the individual, while violence used by a state is only justifiable when used to protect the individual's rights.

Perhaps Bitcoin will return us, and the world, to a more capitalist/free market reality.