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Utter bullshit. This is exactly equivalent to saying that imposing a socialist regime generates a post-scarcity reality. All things listed are classic socialist flags, none of which are attained by post-scarcity means, I can tell you that. And that's as true for the US today as it has always been for peronist Argentina.

Mark this words:

  1. There is nothing, and there will never be anything like "ultimate post-scarcity". Why? Because we permanently live in a post-scarcity reality relative to any previous period. Resources can not be exploited above demand, because there would not be enough money to finance their exploitation in the first place. The concept of "ultimate post-scarcity" neglects the calculation problem, and the consequences can be directly extrapolated from what happens at government level when bureaucrats have infinite money at hand.
  2. There is nothing, and there will never be anything like "UBI". Why? Because no one can give out sound money that he hasn't received from someone else. If it's printed, it will generate inflation, not "wealth". If it's not printed, then it has to be worked out.
  3. If a government acts assuming post-scarcity and enacts UBI, because there is no allocation calculation, any existing material advantage (if even) will be drained faster than it can be produced (no matter how fast it can be produced), and in the need to keep up the illusion of the promised utopia, the futuristic paradise will quickly turn into a low-key slavery system, pervaded by chonich and ever-increasing inflation and debt.

Time and time again, I repeat: learn from Argentina. This already happened to us many times: we have had two instances of fantastic economic gains, and in both instances two peronist regimes rose to power and evaporated those gains in the first year, no matter how massive the gold reserves were, no matter how massive our vast farmland production was. Then of course to keep up the illusion of unending abundance, both regimes enslaved half of the population, printed out thousands of times (yes, thousands of times) the monetary base, and amassed suicidal levels of unpayable debt.

Wences Cesares agrees with this comment

and Javier obviously

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Never heard Wences Casares takes on these topics, do you have any entry?

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No

He has no social media footprint since 2020, living a quiet private life in Patagonia or Palo Alto

https://grokipedia.com/page/Wences_Casares#economic-philosophy-and-bitcoin-advocacy

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Wise guy.

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