136% 🙄 it’s why as a non economist trying to figure this shit out, I get confused. We effectively have zero true capitalism by my understanding. Free markets possibly haven’t truly existed in centuries and now that we’ve had full global fiat for over 50 years, there’s a loss of transparency of true relative value. Then the whole lot of this is tumbled through a washing machine of rehypothecation and derivative alchemy. How on earth are we supposed to be able to question relative values of different systems or question things like the concepts of capitalism and free markets?
Discussion
There are people out there who are trying to experiment with different systems. Here are a couple of examples:
Free Cities - https://free-cities.org/free-private-cities/
The Network State - https://thenetworkstate.com/
Second link requires a little time. Read the first one and interestingly, the first thing that came to mind was Gibraltar! In a time of societal flux and end of debt era, we must simply experiment and find better systems but reading that does also make me think of Sovereign Individual. Have been discussing future of potential sovereign city states with a friend past few years. Thanks for the links, good reading for tomorrow!