1709 sats \ 4 replies \ @Undisciplined 1 Sep 2023 \ on: What's "undervalued" right now that a Bitcoin standard will revitalize? bitcoin
This is a great prompt. We spend so much time talking about what's being propped up by fiat money and state subsidies, that we sometimes lose sight of what's being crowded out. Also, the element of what will be more valued in a wealthier society is quite interesting.
Let's start with what's being undermined in the current system: family, civil societies, charities, health, free inquiry, peace
What gets increasingly valued by wealthier societies: leisure, travel, art, environment, health, safety
I think you're right to highlight art. Other undervalued things that jump out at me are preventative health and family vacations. Also, genuine private charity is heavily suppressed currently.
oh man the family vacation market will be insane lol
"weekend trip around the moon everyone!"
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"lets ride surplus robot war dogs up aztec pyramids with grandma this weekend!"
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I'm curious about "genuine private charity is heavily suppressed". This doesn't jump out at me. From what I've seen, a large percentage of charity (large and small) seems like a scam or near-scam.
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That's why I said "genuine". My thinking is that people are less inclined to give to charity because they expect the state to fund every cause. This is along the lines of what is being crowded out by deficit spending.
Before the welfare state, people gave much larger shares of their income to charities, through their churches and fraternal societies, and more services for the poor were provided through charity (or just pro bono).
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