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174 sats \ 5 replies \ @freetx 23 Jan \ on: will a Bitcoin-based economy recreate today’s inequalities with a new elite? bitcoin
Not today's inequalities from money printing, but yes will create new different inequalities.
for example? i mean i suppose when we were on the gold standard hundreds of years ago, there were still all the usual issues, kids in workhouses, debtors' prisons etc. for sure not a utopia
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for example?
Would you let the man at the corner beer shop perform brain surgery on you? If all people "are equal" then why not?
Inequalities are the natural differences between all peoples, some of those differences are highly rewarded in the market, thus you see variations of wealth.
There is no way to "fix" this, nor would fixing it ever be advisable in any way. Inequalities is how the entire world works, without them life would be hell.
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that's a fairly silly example and while, yes, the are inequalities, that doesn't mean we can't try and improve obvious examples, like human slavery, by your logic, we should be able to use human slaves because 'life isn't fair'.
equality doesn't mean everyone doing the same things for the same pay.
for example, bitcoin fixes the inequality of someone in el salvador not having access to a hard money. just because they have been shafted by unfair politics, doesn't mean things can't be improved.
which is what the question is about