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46 sats \ 5 replies \ @TomK OP 3 Sep \ parent \ on: Inflation: are we following the path of the 70s? econ
To UK/US
Yes.
But now the mercantile power that Britain and US once held is held by China and its modern day silk road, Belt and Road is the new trade infrastructure empire Europe may end up reliant upon.
The US/UK still control the legacy fiat banking institutional hegemony, but without trade dominance that is increasingly fragile.
As for the US/UKs legacy military dominance - that is increasingly frayed as Chinas proxies Iran and Russia attack Ukraine and Israel.
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The alignment of monetary and military power structures is significant.
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Robust contest of ideas is nothing to be afraid of but rather something we can still celebrate!
The potential for Bitcoin to enable less war and more prosperity is worthy of consideration even if it may seem a long shot.
There is need for some radical innovation to bridge the tensions now building globally.
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