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@mykos
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Yes i think the confusion is many believe that this is the same capitalism that existed 60 years ago. In the 1950s to 1960's there was more of a purer version of the capitalism that i believe many are thinking of. That was a version of capitalism where families and communities were more valuable people were more wealthier.

Your boss cared more about you there was a more social cohesion with moreso the people in a more well distributed way owned more business and production. So around the 1980s things changed. Greed and corruption became dominant forces. Unlike ever before. The concept of " greed is good" emerged unlike ever before.

So then it became what you may deem as corporatism and it's most extreme form its now turning into "neofeudalism". So the confusion is they think they are practicing a more free market capitalism and they aren't. So they defend it generally through far right propaganda think tanks unfortunately. However you only need to look at the data over the last 50 years to come to the conclusion its not working and something is wrong.

Crypto because its still very new is playing out similar to what happens in our standard economy. Thats why you see all these big companies and institutions buying up bitcoin. They want to repeat the past. The other issue is that we have to make sure that we don't make the same mistakes in crypto we did in our standard economy. How we do that is by not bringing those same ideologies that don't work here. Some economic theories that get applied from the standard economy into crypto we should leave back there.

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