How Crypto Can Transform the Economy and Government
abundances.substack.com
How can crypto and blockchain technology completely upend our economy and politics? If we wanted to visualize all the political ideologies up to the present moment — from Anarcho-capitalism to communism and everything in between, including democratic socialism, mixed economy, laissez faire capitalism, and so on — and how they relate to the economy, how would we do it? Perhaps the most salient representation would be a Venn diagram with one circle representing the market economy and another circle representing what people want. The area of the diagram where the market circle overlaps the circle representing what people want is the area where the market works. The non-overlapping part of the market circle represents the market’s negative externalities, while the non-overlapping part of the circle represents what people want is the area where the market cannot produce what people need.
How Crypto Can Transform the Economy and Government
How Crypto Can Transform the Economy and…
How Crypto Can Transform the Economy and Government
How can crypto and blockchain technology completely upend our economy and politics? If we wanted to visualize all the political ideologies up to the present moment — from Anarcho-capitalism to communism and everything in between, including democratic socialism, mixed economy, laissez faire capitalism, and so on — and how they relate to the economy, how would we do it? Perhaps the most salient representation would be a Venn diagram with one circle representing the market economy and another circle representing what people want. The area of the diagram where the market circle overlaps the circle representing what people want is the area where the market works. The non-overlapping part of the market circle represents the market’s negative externalities, while the non-overlapping part of the circle represents what people want is the area where the market cannot produce what people need.