7 sats \ 3 replies \ @badabing 20 Jun 2023 \ on: BTC & Monarchy: Why am I noticing a trend of pro-monarchism among bitcoiners? bitcoin
Saifedean also mentioned it once on a podcast. I don't see it tbh. Sure, the monarch should keep the masses happy if he wants his son to have the throne and a nice country to rule. But since when did that stop dictators from a violent, oppressing but "successful" rule.
yes, having trouble seeing it too. And from a first principles perspective it's the embodiment of centralization, can't see how that aligns.
reply
It stems from Han Hoppe's insights about incentives and time preferences in various political systems. Monarchs are conceptually simplified to owners of their countries who will pass them on to their heirs, while elected officials are more akin to renters who have no long term stake in the value of the country they're ruling.
Owners tend to protect and enhance the value of their properties, while renters tend to extract what value they can before they relinquish control.
What generally gets lost is that they aren't "Monarchists" per se, but rather are pointing out that democracy is not as clear of an improvement as people assume.
reply
*Hans
reply