Balaji has become the Shitcoin Ray Dalio.
Discussion
Perfect example of the Lucifer Complex. His Network State project and idea is totally lifeless. His words hollow as his godlessness is apparent in every utterance.
It reminds me of a Chinese proverb “when the wrong man uses the right means the right means work in the wrong way”. In other words everything you do is a reflection of your soul and you can’t fake it.
Thoughts.
Agree there are four major factions at war with eachother right now, although I would characterize them this way instead of Balaji's Red + Blue + China + Internet.
1. Transnational Progressive Imperialists (Democrats/British Crown/UN/Davos/International Bankers, "woke, green" Malthusians).
2. Western Populists (America/European underclass). This momentum is being coopted by the US/Palantir bloc, which the people are becoming aware of.
3. Internet (AI, Bitcoin, Cryptography).
4. BRICS (China, Russia, etc).
The dollar is a tax on the world, but it didn't benefit American living standards, but was used to loot the current order and enrichen the elite. This is the cause for the current wave of conservative populism. The people know they were given shrinkflated junk in exchange for their livelihoods.
China's success comes from making cheap copies of American technology. Their cities are ugly and dirty. There is no real freedom there. China is not winning. China's only innovation is in high tech slave technology, which unfortunately the governments of the West, including Trump's, are racing to implement themselves.
Shitcoins are dying. Whatever promising things (private payments, contracts) existed in that wasteland is coming to Bitcoin via Arkade OS and other projects.
Internationalists like Balaji, with no loyalty to homeland or nation, will ultimately end up in a more precarious position than those who leverage the loyalties of the old gods (soil, community, place, history, culture).
The US is #2 in location for incoming millionaire immigration after the UE; wealth is fleeing China. Smart money knows the US is taking reset seriously.
Balaji does a bad job of hiding his hatred for white America and the preservation of nations as homelands.
He's on the losing end of that one.