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0 sats \ 22 replies \ @SimpleStacker 8 Nov \ 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.
Archive usually works for TFP
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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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Socialism makes healthcare more affordable...in most of the developed world.
The US system is a complete mess riven with rentseeking profit motivated healthcare scammers.
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Socialism makes healthcare more affordable
Of course it does. If I steal your money, then I can afford my healthcare. Socialism makes everything free.
Oh but I can't steal it, can I? Because your preferred currency was invented by libertarians, not the state.
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You can go an live somewhere there is little to no government if you want.
Begone to Haiti. Or Mali. Enjoy.
But you won't because you are not that insane or suicidal, are you?
No, you are an incessant hypocrit, complaining about government 'theft' but nevertheless clinging like a baby to the teat of safety, comfort, wealth and security that the state provides you.
Governments exist due to market demand - they provide services people want - humans are weak and vulnerable individually and need the legal, property ownership and security framework that governments provide.
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No, you are an incessant hypocrit, complaining about government 'theft' but nevertheless clinging like a baby to the teat of safety, comfort, wealth and security that the state provides you.
The state gave me a $1,000 stimmy check. Bitcoin tripled my life savings in a matter of years. The market treats me better. The state hates me. It hates everyone.
Governments exist due to market demand - they provide services people want - humans are weak and vulnerable individually and need the legal, property ownership and security framework that governments provide.
Taxation is not a response to market demand, it's negation of market demand.
If the Japanese government demanded you pay them taxes, you wouldn't like it. But if your own government does the same thing, you think it's going to a good cause? Taking your money is the cause. Everything else is rationalization and propaganda.
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Taxation compulsion is required for equity because there will always be selfish freeloading parasites who cling to the security and wealth the state enables, even seizing the assistance kindly dispensed in times of hardship, but who show no appreciation but only take take take.
Pay your taxes or begone to prison you ungrateful bludger.
If you dont like it go live somewhere there is little or no state. But you will not because you are a bleating strawman selfish parasitic hypocrit.
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If you dont like it go live somewhere there is little or no state.
I don't have to leave. I can just liberate my own territory from the state. 1776 will commence again.
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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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Why are Chinese people still trying to get their capital (and themselves) out of China? Where are they going? The West.
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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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Yes, because cooperation can exist outside of the state. So what's the point of statism if we can work together without the state?