what? can you explain both of those?
Discussion
hahahaha! this should be good.
I'm not sure why I feel compelled to enter into these exchanges. They definitely help me clarify my thinking but not sure they serve much more purpose than that!
Bitcoin is proof of work, capitalism is not. The only time Jesus got physically mad was to flip the tables of those profiting off others.
My understanding of his anger was that business was happening in the temple, not that it was about profit. Did he really think that no one should earn from their labor? If someone grows food and sells it to someone who needs food, Jesus would get mad because that means the former is profiting off of the latter? I'm no expert on the Bible, but that sounds very odd to me.
Current "capitalism" as practiced in most countries is probably more proof of stake than of work, but that's the "crony" part of crony capitalism and in any case based on a monopoly over the money supply, which is about as far from capitalism as one can get.
If we replace the words "free trade" for "capitalism" do you still think bitcoin is in opposition to it?
Let’s just start with the first sentences and question. He was angry that people were profiting in his fathers house (one could argue the whole world is his house) and they were profiting off those buying sacrifices for god AND didn’t have much. Sacrifices were essential to their way of living, and profiting off the people for this angered him.
Nobody said anything about not being compensated for work performed. Profit and compensation are not the same.
profit is simply that you make more on a trade than you put into it. Could be marginally more or much more, depending on the situation.
"Profiting off of others' [work, misery, situation]" can certainly be morally questionable. Still, I would argue that any system that imposes restrictions to limit this - because a few folks get to decide on that morality - is far more problematic.
That's not a case you're making but I'm not sure how to limit that (essentially how to prevent ppl from being assholes) without creating a far worse situation.
I am an anarchist at heart and wish to change people’s ideology and not rely on force from the State. However, my endeavors are met with staunch resistance as I am called a communist and a socialist.
But, if you think about it, if #capitalism met the needs of the majority, there would be no stomach or room for social policies.
#bitcoin nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs
I wonder if most of the disagreement is semantic. Many folks use "capitalism" interchangeably with "free trade," so when they hear you coming out strongly against capitalism, they assume you are advocating for central planning.
Do you have an example of a capitalist society? In my view, central banking precludes capitalism, and in fact encourages corporatism - which knocks out most present-day countries from consideration.
First paragraph is spot on.
I tend to start out by asking the capitalist if they have a society or time period of “true” capitalism that I can study. None have risen to the question.
But I do think that “their” misunderstanding of what free markets are and capitalism is not my fault. If you act like you know something, but clearly have not read anything other than quotes…you deserve some ridicule.
I would argue capitalism always turns “crony” and so would Adam Smith.
Yes - makes sense to me.
Haven't read Adam Smith - is on my list. But I can see this.
Kind of how democracy can devolve into whatever we have now in so many countries.
It is refreshing to have a conversation with someone open minded. I can assure you, if you can present a sound case with logic and reason, I will capitulate on my opinions as well.
Adam Smith is a must read, as well as Joseph Schumpeter.
If we replace capitalism with free trade, then no, bitcoin does not oppose free trade. Very insightful question, thank you for asking that.