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0 sats \ 9 replies \ @Solomonsatoshi 8 Nov \ parent \ on: Peter Thiel: Capitalism Isn’t Working for Young People econ
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.
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?
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There are many cases where state led cooperation is simply essential or at least superior.
Like the supply of rare earths for example.
Like the provision of rule of law and property rights.
Nation states have unique powers and mandates to organise certain things because it advances the interests of their citizens in a way that free markets cannot.
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The state does not care about property rights. The whole use case of a state is to violate property rights.
Nation states have unique powers and mandates to organise certain things because it advances the interests of their citizens in a way that free markets cannot.
The state's definition of the "interests" of citizens is not how citizens would define their own interests. The free market allows them to pursue what they decide is important. The state exists to override public opinion with violence.
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People organise into groups/states in order to gain security from other groups and to advance the interests of their group.
Example-
China has captured a near monopoly over the supply of refined rare earths.
Now USA is fucked and cannot fight any significant war without begging China for rare earths.
People organise into groups/states in order to gain security from other groups and to advance the interests of their group.
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People organise into groups/states in order to gain security from other groups and to advance the interests of their group.
The state wasn't made by a collective negotiation. It's one gang that killed off all the other gangs. You seem to think that whoever wins is somehow entitled to all the protection fees that they keep charging long after the war is over.
And I still don't see why you think statism is necessary to mine rare earth minerals. If there's a demand then the market will work to fulfill it. If the state is artificially subsidizing it, then it's overriding what people are actually demanding.
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The State developed organically due to the inherent need for it and the great advantage it provides citizens.
If you don't like it go live somewhere there is no government- but even you are not that insane or suicidal, are you?
The state is needed to mine and refine rare earths because the state can logically subsidise such refining to gain a significant strategic advantage over other states and thus private enterprise has no incentive to refine rare earths because the state (China) has already seized the means of production and placed all other states into begging subservience.
Get on your knees and BEG Uncle Sam - you cannot fight a serious war without rare earths and so for the next decade you are Chinas subservient vassal lapdog.
Your petrodollar imperialism is in tatters and ruin because you ignored the huge significance of the state in the wealth of nations. Stupid arrogant US Exceptionalist-Neoliberal-Libertarians.