After a economic reset (like ww2), capitalism always follows a similar pattern as capital concentrates and concessions the working class fought for when they where on a more equal footing after the war, are slowly rolled back to opress them and lower their wages.
This has literally nothing to do with the gold standard.
Marx discribed the mechanisms behind this like a century before this happened.
To think about that this is just our neighborhood and there are hundreds of billions of galaxies in the observable universe is even crazier.
Are we now completely dependant on proprietary services to code efficiently or do you think there is a chance this can soon run on open source models on local hardware?
Both movements reemerging are a consequence of the increasing wealth inequality that is created by capitalism reachinhg a boiling point. I don't think we are quite there yet.
What we see today in Trump is just a clown trying to fix the economy with completely inappropriate tools and keep the status quo of the power of the capitalist class as best as he can.
Mamdani may call himself a democratic socialist, but his policies are mild forms of social democratic reforms, which are essentially small fixes to capitalism to make it more palatable to the population.
But this will obviously change as the wealty inequality rapidly gets worse and living conditions even for the "middle class" get ever more challenging.
Communism is a utopian class and stateless society.
Socialism is about worker owned means of production and abolishing classes.
Nothing of this has anything to do with fascism. In fact the original italian fascists where heavily sponsored by the capitalist class in order to protect their private property from socialist movements, which where reaching majority numbers at the time.
Fascism or similar totalitarian regimes gaining power is a REACTION to increasing unrest in the population do to the negative consequences of increased wealth concentration and inequality, which is a consequence of capitalism.
Their goal is to control information flow and sentiment of the big masses, which will always consume software provided by corporations who can be attacked by regulators.
They can't really ban it, but make it effectively invisible for almost all people
I would say what trump did is best described by "state capitalism".
If this is a good or bad thing mainly depends on if democracy is still working and if the government uses it's power over this cooperations in favor of the people they represent.
In an actual functioning democracy the people as a whole would now hold a stake in Intel and be able to influence the companies decision in contrast to only private interest governing the company, which isn't a bad thing.
But it's still all capitalist, because capital calls the shots.
A true socialist conversion would be turning Intel into a society owned cooperative with one person one vote instead of voteing rights based on capital.
There are a lot of entities who are holding Bitcoin just for the expectation of bigger gains than classical assets. Once Bitcoin stops putting in this jumps it will be completely uninteresting to them and settle at a price without speculation, revealing the true demand.
Bitcoiners should be prepared for the scenario where this is maybe a lot lower price point in $ than today.
I know, not a very popular thought.
For profit businesses don't have morals. They will bend to whatever narrative they think will make them more profit or avoid trouble with regulators. If they have enough capital they will obviously try to influence the regulator in their favour.
Everything else woul literally be a neglect of their duties towards their shareholders.
Socialism is about worker control over the means of production and abolishment of class structures. Where did Trump do any of that?
They are a private corporation. That is pretty much the opposite of communists
Their concern is to control the information the broad masses get, not the 0.001% who are able to circumvent it. Nostr is a non-issue to their plans.
Only his webframework, it's excelent.
Insane. I would have thought they will say Joe Biden ate the list or something
No one can become a billionaire just from selling their own work. It's only possible by exploiting the work of others.
Consider the extrem scenario where the nodes of the 10 biggest exchanges would be responsible for 80% of the transactions.
It should be immediately obvious how they are much more important in the Bitcoin economy than 10 random pleb nodes.
Eventually, Bitcoin hash rate will only be secured by transaction fees. In case of a split, the 10 nodes in this example will directly control which fork gets 80% of the hash rate, because they pay for it and the miners just follow the money.
Wealth concentration, by inequality or any other means, like centralized exchanges, is a serious danger and centralizing force, not only in Bitcoin, but to everything else as well.
Literally everything works betteer the more wealth and power is distributed.
Profit extraction is definitely at the core of a lot of issues.
A market economy produces for whoever has money to buy things. Hence the less average workers get from the pie the less the economic output will go towards their needs
"The rules of #Bitcoin are extremely hard to change. Anyone can access the network directly without a trusted third party. Owning more bitcoin does not give you more control over the network so all participants are on equal footing.
This is why bitcoin has value."
— nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
Bintcoin's consensus rules are protecteed by a majority of economically active nodes.
Nodes who are economically more active that others matter more.
Hence wealth inequality and wealth concentration are a danger to Bitcoin, the same way it is to rest of the economy.
More likely you where completely mislead by the current effort to discredit science as a whole in the US, to justify direct gouvernment intervention, replacement of teachers and curriculum that is alligned with the gouvernments view of how things ought to be teached.
Wake the fuck up



