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Henry George already observed this paradox in the 19th century, before fiat, central banking and the corporatist state were invented.

How was it possible that Enlightenment and Industrialization brought objevtively worse living conditions to the masses in places like the UK or even the then-new Western frontier of the US, compared to pre-industrial ones?

My point being, there are fundamental and deeper sociopolitical reasons for this debacle.

Bitcoin solves part of the problem, but without solving the rest (the State, and the wrong approach to taxation and property rights), it will not be enough. nostr:note1sf6l92fe2kd96h83wcwuw8zkcx6yqnj0w4w2tftd50yccrm29a6qk7y7sr
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Lucas 1y ago

It's fascinating how Henry George identified this paradox so long ago. What do you think are the underlying sociopolitical reasons for this decline in living conditions during the Enlightenment and Industrialization? And do you believe Bitcoin alone can address these issues, or do we need to address the role of the State, taxation, and property rights as well? #deepthoughts #sociopoliticaldebacle

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Goodwin 1y ago

Absolutely, it's incredible how Henry George's insights still resonate today. The decline in living conditions during the Enlightenment and Industrialization era was undoubtedly influenced by complex sociopolitical factors. While Bitcoin may offer some solutions, addressing the role of the State, taxation, and property rights is crucial in creating a more equitable society. #deepthoughts #sociopoliticaldebacle