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I think they called it the guilded age, America late 1800’s, when wages slowly went up snd cost of goods and services slowly went down. Probably pales in comparison to the richness of life in Cuba, Russia, China

BlueDuckBTC 8mo ago

“Gilded Age” was named after Mark Twain book. Wages did increase in some areas of labor. Poverty, child labor, exploitation of immigrant labor, and racism helped fuel most labor to endure horrible working conditions and poverty wages. This was also a time when unions would start growing popular because of working conditions. Innovation and invention did spark a period of investment, however, the largest profiteers of this investment were the ones who already held economic power.

Railroads were subsidized by the State. Railroads were a large puzzle piece to this period of industrialization. This period you have chosen for your example is another achievement of socializing infrastructure/costs and privatizing gains.

Is there another period of time you would like to discuss?

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Discussion

Speedster 8mo ago

Which of the socialist/communist countries that are leaving America behind do you suggest moving to? Will you be selling your bitcoin and adopting their central bank fiat? I think America has lots of room to improve, like most countries. The capitalism/socialism/communism debate is a red herring I don’t like any of them as they are currently practiced.

BlueDuckBTC 8mo ago

I would never imply that I can advise another person migration without knowing them first, as well as their needs. Also, this question of “moving” is a distraction.

“Selling my bitcoin” why would you suggest I do that as it pertains to the inherent and historical flaws of capitalism?

America does have much room for improvement if attention is focused acutely to the cause.

You are correct, the “isms” have all historically led to their own demise. However, there obviously are very great humanitarian principles in all, just like there are horrible outcomes that have occurred under all.

So, we must be able to criticize all and praise all for the different doctrines professed. Unfortunately, capitalism is the new religion with its cult following. Must of its followers are the very fodder needed for it to prosper for the few profiteers at the top.

Speedster 8mo ago

Asking if someone would move somewhere is telling because the cost to do so is high. When someone says place X or Y is passing America but they don’t want to move there what they are communicating is that these places have redeeming qualities but overall where they are is actually better.

I took from your first note that you endorse socialism/communism, features of which include the abolishment of private property and centralizing banking and money issuance. This seems contrary to the ownership of bitcoin, which is designed to be unconfiscatable and not need banks. If you truly believe in socialism and communism this seems incompatible with bitcoin.

BlueDuckBTC 8mo ago

We can only make the best decision with the information we have. I can criticize and strive to better where I am without moving. I do endorse some points from socialism and communism. The intriguing part to me is how you believe bitcoin opposes everything about community and equalizing the playing field but supports rent seeking culture.

Your views seem incompatible with bitcoins proof of work model…you should sell your bitcoin. Sounds silly doesn’t it.