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36 sats \ 2 replies \ @spiderman 6h \ on: Bitcoin Will Destroy Democracy! bitcoin
I think there is an argument to be made that Bitcoin will destroy (or vastly reduce) the welfare state and the warfare state, i.e. reduce the capability of a government to allocate wealth for their political cause (which includes both populist redistributions as well as power projection).
To what extent will it destroy democracy, I am not convinced. America was a democracy long before it became a welfare state and warfare state.
If you look what the government spend your tax on, the welfare is not the main problem. At least not in america. In america you have no welfare state compared to germany for example. Germany spends more for a illegal immigrant then america is paying for a veteran. And with better healthcare.
Warfare is something you have to worry about and i hope bitcoin will destroy it. America is playing the war card too often without consequences.
No city has ever been bombed to the ground. No president ever said sorry after an attack. Nothing has changed and nothing learned after dresden or hiroshima. Once america was fighting against nazis, now it turned into a nazi regime itself supporting zionism and fighting russians like the german nazis did. They think they rule the world. So many parallels to the past.
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Well, can Germany fight anyone, like Iran, Russia or China? It cannot.
So it appears welfare and warfare have their own trade-of, both of which need to be funded by a constant stream of newly printed hot money.
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