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0 sats \ 0 replies \ @joseph_at_nostr_fan 28 Mar \ on: Stop Blaming Capitalism, Start Looking in the Mirror culture
I agree 100%
There was a similar conversation in Nostr yesterday, and I added some reflection on this topic there that I thing are valuable for this thread as well, below is my argument in favor of capitalism, and against their main rival.
Capitalism relies on four key pillars:
- Personal ambition.
- Skill and experience to build solutions.
- Freedom to trade. Where no one can stop you from selling or buying goods and services.
- Freedom of speech so you can freely share the good news of your product, or your recommendation to anyone.
All of these do not work under socialism, or find significant challenges. Modern socialism has unfortunately thrived in many “democracies.”
Socialism blocks freedom via regulation, it makes whole industries unprofitable or available only to the few massive corporations or oligarchs that can comply.
We see this especially in the EU where regulation wants to control cryptocurrencies and even artificial intelligence to benefit the few.
That is also why deregulation and freedom are the real winds of innovation, because wherever freedom reigns talented people will build solutions.
This is the reason why Bitcoin and other cryptocurrencies have been persecuted and sidelined, they enable freedom to trade, and to act with your wallet anywhere, anytime.