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0 sats \ 8 replies \ @SimpleStacker 11h \ on: Peter Thiel: Capitalism Isn’t Working for Young People econ
Got a non paywall version?
Not sure what Thiel's arguments are, but I imagine they're along the lines of what I"ve seen other silicon valley folks talk about, which is that the nature of platform economics results in a winner-takes-all market scenario, and sometimes the winner just comes down to luck or connections. When people feel that effort and merit are not tied to reward, they get more upset at the system.
Chinese mixed mercantile economy is trouncing the wests decedent crony capitalist financialised imperialism.
The West cannot make anything anymore.
The future looks bright for young Chinese - not so bright for westerners.
The west got mired in entitlement rights and demands for this and that paid for with debt.
The West cannot make anything anymore.
China just got on with building the most productive competitive economy.
USA cannot fight any war of substance without rare earths supply.
US military industrial complex is now beholden to ongoing goodwill from China.
Get on your knees and beg Uncle Sam.
The West cannot make anything anymore...except more debt.
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Sure individual freedoms are much greater in the west but in the contest of empires that is less important than overall capacity to project power.
You make the classic westerners error of perception, thinking that individual freedoms are more important and valuable than collective strength.
We forget after our 500 years of global domination that individual 'rights' and freedoms are largely only possible from a position of collective strength.
Suffer 100 years of subjugation and humiliation and you may change your perspective.
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you could always change your handle to doompillsatoshi
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Just being realistic.
Am not here for the Libertarian circle jerking echo chamber - but rather to raise and explore challenging ideas.
If you can't handle it and have to respond by trying to shoot the messenger that's your fear and your problem, not mine.
If you cannot respond to the issues raised am really not interested in inane personal attacks, scapegoating and gaslighting avoidance of the issues.
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Am not here for the Libertarian circle jerking echo chamber
Sorry to inform you, but when you use Bitcoin, that makes you an active participant in THE libertarian circle jerking echo chamber. Unless you plan to donate your BTC to the state, you've tacitly surrendered to libertarian economic philosophy by placing your own wealth outside the reach of collectivism.
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^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Witness above one and all, the 'Libertarian' dictating to others what they must be doing when they adopt Bitcoin.
Anyone else see the gigantic Hypocrisy?
Bitcoin is itself a collective monetary system, as you say outside of the state but nonetheless a collective monetary system, as all monetary systems are.
Long live the collective!
People working together is what makes life worthwhile!
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Thiel specifically mentions the combination of high student debt and inability to buy a house has soured young adults on capitalism.
The fallacy is that socialism doesn't make things more 'affordable'.
Another fallacy is that student loan/college tuition is free market capitalism.
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