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38 sats \ 6 replies \ @Satosora 31 Jan \ on: Capitalism, Emotions, and Ayn Rand's Contradiction (WSJ, Rainer Zitelmann) BooksAndArticles
I remember when I was reading Atlas Shrugged on a plane, an older gentleman was kind enough to tell me that this is not how the world works.
Bitcoin will change that.
Did he elaborate?
Did he say the world runs on 5 year plans?
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Economic growth depends upon the ability of governments to exert and project power.
In this way they capture and control resources and markets.
It is in this way that powerful empires emerge.
US wealth today is largely based upon its military power and its domination and control of the global banking monetary system and the major global regulatory institutions and protocols- eg SWIFT, IMF, World Bank, BIS.
Without a government in sync with its merchants and exerting its power projection in their favour there has never been a powerful and wealthy empire.
Libertarians ignore this reality.
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Am not and have not advocated for anything.
Am just describing how governments are crucial to the economic development and wealth of nations.
Agree it is often a brutal process with varying degrees of what you might call fascism or more often imperialism - but the beneficiaries seldom complain, except for Libertarians who naively seem to think a strong economy, secure property rights, wealth and security can be somehow obtained without the crucial factor of nation state power projection.
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I've found a lot of people have an opinion on it who've never read it
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