Contemporary Socialism

In theory:

Income is uneven, so we progressively steal from the "haves" and redistribute it to the "have-nots" in cash or kind, equalising uneven natural conditions and call this justice.

In practice:

•Monopolize the issuance of money

•Mandate interest rates for credit

•Borrow monopoly money from the "haves"

•Give the borrowed money to the "have-nots" in cash or kind

•Steal from the "somewhat-haves" to pay the interest on borrowed money

•Turn the "somewhat-haves" into "have-nots" and enrich the "haves" further.

•To make the wounds deeper, keep issuing new money to make it worthless over time.

•Complain that this is the fault of the "haves"

There has never been a more inconsistent and retarded political ideology and policy in the history of mankind, both in theory and in practice.

Bitcoin fixes this.