No one ever understands when I try telling them about China (in the US). China has an actual free market. You must see it to grasp how not-free America's market it. People there... Get this, this wild, man... People there **_start businesses._** In fact, everyone I knew there had a business, even if they had employment somewhere else. Everyone, not one exception. You can walk into actual businesses, little shops that have nothing to do with franchises or government. Shop after shop after shop... And a couple streets over, its factory after factory after factory. They're not uptight about you just walking into a factory and looking, either. Would that fly in the US? I doubt it, if you could even find one.
If you're in the US, look around and see how many businesses or friends are employed by the government, or who's employment would disappear if the government stopped paying somewhere in the chain. Even dog sitters would lose their income if the government stopped paying the business the dog owner is employed at. Small businesses are forced to franchise - that's basically a business on top of a business that only exists to manage the layers of compliance and regulatory burden. Franchises don't exist in free markets. Got some economic reason to disagree? GFY, I know my econ. The whole facade of "free market" in the US is more entry barrier than market.
The town I'm in is "growing" - there's "progress" here, as the boomers call it. That's only for one reason - there's a university with several tens of thousands of kids there basically being employed by government policy to sit there and grow their debt. That's their job. Every year there's over ten thousand 18 year olds showing up who signed a thing that exchanges their productive potential for a giant pile of debt. That debt is the only reason there's roads being built here, after several layers of corruption where bureaucrats or companies that are paid by government take a cut. And after the road is built, all the businesses that appear are franchises. You know who they pay rent to? The university. The town is owned by the university, literally. And it takes one or two **_years_** to build anything here. Nothing takes that long in China. Nothing. Free markets are wild!
Oh but China's BAD!!! Orange man : "CHIIIINA!!" There is one reason for all this anti-china rhetoric and protectionism, and its not geopolitics or containment. Its debt. Not that China owns our debt - that's the usual thought stopper when I talk to "conservatives." Without inflation, our debt can't be serviced. The payments on American debt **_at all levels_** require inflation, or the payments stop. Even your mortgage and those kids' student debt. But especially the $37 trillion of federal debt. Inflation makes payments manageable because if everything costs more after the debt is taken, including wages, then its like you borrowed less. This is why it's smart to use debt - take as much as you can, cuz you're fucking the lender. That's the game. But that also means that anything that's deflationary is the enemy of America. China's gazillion factories are deflationary : that makes China the enemy. You buy cheap shit from China : debt doesn't get devalued as fast as the corrupt class would like. Even American factories are America's enemy. Anything, anywhere, that allows supply to meet demand and prices to not rise, is deflationary, and thus America's enemy. That's it. That's the whole story, from why you can't afford groceries up to why a carrier fleet parks in some other country's waters. The beast is driven by hunger ; the hunger of the beast is debt.
I **_wish_** I knew one person in real life who could understand this. Its not even particularly complicated... But people are too busy with their side gigs to think about stuff. I **_almost_** had a conversation about it with a biologist over Thanksgiving. Almost!!! But they thought I was too radical, like maybe I'm a Commy or something, **_because I wanted the government to do less._** lol. We're so fucked.
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Replies (126)
All the groceries are expensive these days 😭🤣
I am a weirdo so I eat the same thing constantly and stores catch on super quickly and the increase the price on that item to match demand. Only there's not a large social demand, just me and my weird brain saying I can only eat this brand of this specific potato or whatever the safe food du jour is.
The routine is the price escalates until I have a temper tantrum in the store and cannot justify paying that much for the safe food and then I just go without eating for a few days until my body's like... Maybe go get this specific type of cheese or whatever and it all starts over again. I wish I wasn't like this but idk how to stop 😅🤣😭
But it's ok at the moment I have eggy in a basket and bacon enough for a few more days at least 🤣
Omg you're gonna make me cry, thank you so much for framing it like that. It's been a really hard year but I think it's because I'm on the right path. I hope so much that I'm being a superhero, that's exactly how I frame it to myself and how I'm framing these talks.
It's not a scary time for panic and dispair, it's an opportunity to be the superhero for our community that we always dreamed of being 🥰
Thank you friend 🥰
Write your own gospel ; live your own myth.
Can't destroy a government on an empty stomach! 🥰😅


Thank you 🥰 You too friend!
Hmm. Eggs are usually a win - verrrry nutricious, all the amino acids and enough cholesterol to build a new animal. An egg a day keeps the doctor away. That thing about apples is a blatant lie...
Beef beats bacon in every category. They pump the bacon full of water to make it appear like more. I'd say if you're craving bacon, that probably means you need to eat more fat, and I don't think it matters which animal produced the fat.
I think the only purpose for veggies is to get the anti nutrients that piss off your gut biome and cause a bowel movement. The gut brain goes, "reeee! Get this stuff outta here!" Which means, in an inverted way, veggies are healthy.
Idk why I'm talking about this. No filter...
True. But western govs are getting awfully censory
The US demonize China so much because they have already surpassed the states in all aspects. Sometimes we forget that China is an ancient empire and the US is a very young empire that got luck due to it's geography...
I like the fact that China is in the business of trade and infrastructure unlike America which is in the death business (since formation)
I’ve been thinking about China along the same lines. If communism failed, why is China still around? Etc. etc.
1) I could never trade Princess Aurora for anything I would literally go insane I am emotionally dependent on her 🤣
2) when I had an apartment I was regularly trying to organize and arrange things to acquire birds. Chickens are too big and messy for an apartment but there was an account on TikTok that kept apartment quail and I thought that would be a genius addition to my tiny-apartment homestead.
3) I did keep apartment rabbits too. Those were pets but the idea was eventually to pivot to breeding pairs for meat or angora for fiber harvesting.
One day I'll be steady enough to keep a garden and more animals again. It makes me happy and is the best way to live IMO 🥰
They have surpassed the US. Its obvious when you see it. Economists here write articles saying the US economy is bigger, with the implied message that people shouldn't be alarmed, but that's actually not true because the same money buys more stuff in China. They measure dollars here but forget that those dollars do more there, or they'll say that and imply it means our economy us stronger, which is wrong. Here's a little math puzzle : if your economy grows by 10% per year, how long does it take for the average purchasing power to double? And the answer, cuz I'm not a sadist : 7 years. The reality that I've confirmed with my own eyes is that every seven years Chinese people can afford twice as much stuff while doing the same job.
Is that pan made of metal? It's from the melted down magic bells, that's why there are no more bells in England.
It's so good 🥰
Communism is just moral camouflage for power. Its a narrative only. Its basically the same as "democracy!" in the west - maybe there's real democracy, maybe not, but the purpose of the narrative is to excuse power for being power. Communism is just power. It hides behind a beautiful story that gets promoted, with the statues of heroic figures and the hammer and sickle - those are real, and its a trip, seeing it - it really sells the idea. Butbjn practice its just power vs powerless. They've been successful because they chose market economics.
I tasted rabbit for the first time this year… I don’t think I’d order it again.
I’ve lived much of my life trying to remove as much emotional dependency as possible, because it has been a focused source of suffering. But it’s probably no way to live at all 🙃.
Oh nooooooo the bells and the mud theory 😂
You're in good company!!!! I love beef, and it's actually recommended to me a lot at psy-gym because it's intensely grounding. So when I'm getting too in my head and off with the fairies they'll recommend taking a salt bath and eating some steak. Doctors too are usually highly recommending it as I'm anemic.
The problem for me with beef is that 98% of the time it's fantastic, but 2% of the time there's an unexpected texture that horrifies me enough that I avoid beef until people get pushy about me eating it again 🤣


Perfectly said. They have a real economy with real stuff being produced unlike here where everything has been sold off to the highest bidder and it's highly financialized.
There was a time when ordinary people had small business in America, not longer the case
The earth is just a flat circle of mud and lies 🤣
I was just at the store yesterday. 5 dollars for a freaking pineapple, 10 dollars for orange juice. W T F
Its how the bovine was treated. Happy cows = yummy. Factory cows is basically eating a concentration camp victim, and the texture is the horror of existence for them.
I get so angry every time I go grocery shopping! But luckily it makes it easy to point out the horrifying economic situation to normies, this makes the orange pill easier to swallow 🥰
Equally the US and the collective west have been successful because they put collectivism to work.
mmmhm. And we should all be concerned about that instead of the real problems. Convenient, divided attention.
They're selling these tiny cans of soda now that are maybe 1/3 the size of a can a few years ago, for $6 and that's on sale.
Luckily I don't drink soda, ever. Just can't help noticing.
What are the real problem besides muck and lies? I have come to the conclusion that the allegory of the cave tells us the fundamental problem about everything we run into.
I think that's a correct take. It's so sad how some cows are treated.
Tangentially related when I was in grad school in Ireland we were driving through the country for a hike or something, and we passed a field that was moderately crowded with cows. Like maybe twice as much as the usual concentration of cows on an Irish pasture, but still absolute luxury conditions compared to American farms.
All these young men who were economics students (stereotypically sociopaths 🤣) absolutely freaked out! Everyone in the car was shouting about how that wasn't right, someone called the council right then and there, it was the most outrage I've ever seen on behalf of animal welfare.
It was honestly heartwarming 🥰
Only at war. That collectivism is really coercion and theft. It crowds out market activity. But markets are the opposite of war, and war is the state's business, so the real purpose of collectivism is to do war.
Subscribe to my rumble, zap more for such quality content. You're lucky I dominate the trending pages of the most centralized forms of decentralized social media 🤣🤣🤣
Yeah, that's the most fundamental, I think. That's also sin, in a nutshell, and ironically its the Christians who are too sinful to understand how. Lol. The other thing I rant about..
That’s what she said
I'm afraid you might be telling the truth 😂
Everyone's noticing, we just have to keep them looking at it and not diverting that anger to moon Nazis or whatever next narrative people are saying to distract us from the mundanity of evil that we must fight.
Only the fight isn't glamorous and exciting it's just talking to our neighbors and growing our own food. It's boring, which is why it's so hard to do 🤣
If I was only a shirtless male I could have such a following 🤣🤣🤣🤣
Sometimes 🤣
Wow. Yeah econ students are psychos, but rational psychos who I can talk to, so I guess its fine. Still psychos.
Use your powers

Maybe 🤔. The word “United” is firmly planted in the name of the “US”, even the acronym is a call to collectivism. I see there are much more gains beyond the defense against war value statement. I can’t argue against the fact that it facilitates trade with less friction amongst the trusted members. The speed limit of business in the “free” market is “capital-T” Trust. We don’t want to go slower than that speed limit, but definitely don’t go faster.
When I meet the Nostr CEO last year, he started a bonfire with his telekinetic superpower, just like that graphic!
I had this crazy novel idea over thanksgiving, which I told to two biologists who work at the university here. We should be using biology to make businesses that people can copy and move out of cities. That's when I got a little lecture about "we all have to do things we don't like" which was because biologists only study what the government gives grants for.
Uhhh. I'm so frustrated over that conversation... Literally the smartest people in the room, possibly the two highest IQ people in the Texas, and they could not understand anything I was saying.
There should be no distinction between commerce with people in other states in the union vs trade with people in states outside the union.
I think my favorite thing is when the idea of game theory was torn apart because it was largely developed by running behavioral experiments on economics undergraduate males and they were mostly sociopaths so the idea of the "perfectly rational" response to many situations is literally heartless and insanely anti-social win-lose games.
When they expanded the behavior economics experiments it all fell apart because when assholes are playing dominance games the other people will just take their chips and stop interacting with the sociopaths. The most profitable strategy in a normal community is focusing on win-win strategies not win-lose strategies.
Watching that be clearly explained was absolutely hilarious as a woman who went back to school late in life after wearing the caretaker role often. Like, yes obviously that was never a realistic model of successful behavior in society and that so many people thought it was is the main reason we're in this shitty situation now 🤣


Mostly I just accidentally make all my technology short circuit because I get angry. It just makes me also sad because now my TV doesn't work 😭
I agree. The speed limit is the same amongst individuals: capital-T Trust. We’re building infrastructure to help us verify, relying less on trust. So that’s why I am here on nostr 🙂
Damn it lol
Judge Judy looks like she’s lip syncing to Jump Around by House of Pain, yo
That’s so fiat.
SOOOOOO FIAT.
-_____-
I would add that the global earth is still a “collective” by definition. Just “zoom out” they say. It’s just another 🐢.
Caretaker role? I think that's rational. Maybe wishful thinking in the current paradigm, but this ain't gonna last. One way or another, property rights will return - either enforced by mobs, or enforced by nature, and if nature, either enforced by market reassertion or by genocide of the unpropertied. Or all of that at once. But in the end, debt will be wiped out, people will live on land, and they will keep their surplus and easily afford the care of their children. So be happy. Genocide and our own deaths will help the world return to normal. Kinda joking, but not entirely, have fun sorting it out :p
Good, TV is a pacifier. Be unpacified.
For a while I worked with a community garden group that focused on "urban gardening". A lot of people are now kind of trapped in apartments, but you can grow trays of micro greens for pretty cheap and bougie restaurants will buy them. There's ways to keep quail, rabbits, etc. You can string old bottles throughout your windows to create DIY hydroponic setups that will give your family fresh greens. I'd be curious to hear more about your ideas.
"We all have to do things we don't like" is justifying why they allow themselves to be rode like a horse. If you just wear the saddle, one day the powers that be might give you a lump of sugar. Meanwhile you're offensive to them by even suggesting that you want to run free.
It's a huge problem, and it's by design. It captures our best and brightest and neutralizes the threat they represent even better than the Soviet era gulags. They will fight to keep the bars of their cages in place 🙄
Yeahhhhh but... Do water molecules care if the glass is a collective?
I would argue that:
1 - yes, China and the west are much more similar than we believe.
2 - none have a proper free market.
?
Makes me even sadder that I don't have property though 🤣

Well said, especially the last part
Not owning property is so fiat.
They'd be good arguments

The glass might care 😄 and I am not sure if molecules have feelings. You should write about that metaphysics one of these days.
Property = family.
Not property = genocide
These are economic maxims that belong on the same page as MR=MC
Just reacting to the post lol
Just read Sheldrake, he's got it covered
I don’t know who that is.
Welp shit, dang. 😬 This is turning rapidly unfriendly. Some of us are the black sheep and shunned from family and also broke AF with no property.
I guess it must be nice for you to be drawing up lists that don't put yourself under "genocide". Good luck with that 👍
Rupert Sheldrake. Used to pal around with McKenna... Of the Terrence variety. Talks about morphic resonance.
What? No, I don't mean it like that... I mean the genocide that's happening right now. We're the victims. Its just being realistic about what this is.
Ah, yet another reference to the allegory of the cave.
“Bad religion is arrogant, self-righteous, dogmatic and intolerant. And so is bad science. But unlike religious fundamentalists, scientific fundamentalists do not realize that their opinions are based on faith.”
Nice find.
Did he say that? That's great
Kip? Kiiiiiiiiiiip! 😥
The idea that we’re part of a collective memory makes sense. All this impulsive reaction to words like “communism” or “capitalism” or “authoritarianism”. We may not know the words, yet we feel it “a priori”.
I don’t know what this means. Expand?
The Chinese have spread around the world and opened small shops everywhere. Whether it is a free market, I do not know, but they are certainly entrepreneurial.
I wish they'd come do that in the US
"omg this hit like a truck. i used to think ‘free market’ meant less government, but in china it actually looks like *more chaos*, which is weirdly freeing? like… the system doesn’t need to approve you before you do shit. i was in shenzhen once and saw some guy soldering circuit boards on a folding table next to a noodle cart. that’s not a business — that’s *life* with GDP leaking out of it.
and you’re so
😄
Tell me more! You left me hanging...
He didnt copy paste all... from chat gpt... 😆 🤣
MR is marginal revenue, and MC is marginal cost. It means that over time the cost of producing additional units will become the same as the cost of producing the units, either because opening additional lines of production requires debt that has to be serviced or because competition drives down the price until there's no more delta. Both at sane time, really.
The property part means that you get to keep the fruits of your labor unencumbered. If you don't, then you're someone else's MR=MC, their marginal unit. Over time, people selling their labor will keep less and less delta. That's why it results in genocide and should be on the sane page in the textbooks.
I was a pain in the ass for my professors, and that's possibly why I've never found employment in economics. The incentive structure favors sycophants.
For some reason my autocorrect favors "sane" over "same" and I never catch it in time.
Dangit. That makes sense. What a world...
What is the antidote?
Bitcoin.
Or rather bitcoin's the easy option. To do it fully, be like the bitcoiners of past cycles : start a business.
One good property begets more good property. That's occulted biblical stuff... Sin leads to no property ; health spills from one bucket to another.
I would just note that most people who rate economic freedom have placed China pretty low on the list. Not necessarily saying that their rankings were accurate or not, but a lot of people have tried to objectively analyze that.
Seeing "lots of shops everywhere" can be deceptive. Things like roving food stands, hot dog trucks, etc... these can actually be symptoms of poor economic freedom because those people don't have the clearance to actually (say) rent a store-front or go legit, so they're forced to operate in these sort of "grey market" informal economy settings.
That's "life finds a way", not necessarily a good environment for business creation....
100 comments without being a hellthread 😎 🤔 or maybe that makes it a hell thread
No one ever understands when I try telling them about China (in the US). China has an actual free market. You must see it to grasp how not-free America's market it. People there... Get this, this wild, man... People there **_start businesses._** In fact, everyone I knew there had a business, even if they had employment somewhere else. Everyone, not one exception. You can walk into actual businesses, little shops that have nothing to do with franchises or government. Shop after shop after shop... And a couple streets over, its factory after factory after factory. They're not uptight about you just walking into a factory and looking, either. Would that fly in the US? I doubt it, if you could even find one.
If you're in the US, look around and see how many businesses or friends are employed by the government, or who's employment would disappear if the government stopped paying somewhere in the chain. Even dog sitters would lose their income if the government stopped paying the business the dog owner is employed at. Small businesses are forced to franchise - that's basically a business on top of a business that only exists to manage the layers of compliance and regulatory burden. Franchises don't exist in free markets. Got some economic reason to disagree? GFY, I know my econ. The whole facade of "free market" in the US is more entry barrier than market.
The town I'm in is "growing" - there's "progress" here, as the boomers call it. That's only for one reason - there's a university with several tens of thousands of kids there basically being employed by government policy to sit there and grow their debt. That's their job. Every year there's over ten thousand 18 year olds showing up who signed a thing that exchanges their productive potential for a giant pile of debt. That debt is the only reason there's roads being built here, after several layers of corruption where bureaucrats or companies that are paid by government take a cut. And after the road is built, all the businesses that appear are franchises. You know who they pay rent to? The university. The town is owned by the university, literally. And it takes one or two **_years_** to build anything here. Nothing takes that long in China. Nothing. Free markets are wild!
Oh but China's BAD!!! Orange man : "CHIIIINA!!" There is one reason for all this anti-china rhetoric and protectionism, and its not geopolitics or containment. Its debt. Not that China owns our debt - that's the usual thought stopper when I talk to "conservatives." Without inflation, our debt can't be serviced. The payments on American debt **_at all levels_** require inflation, or the payments stop. Even your mortgage and those kids' student debt. But especially the $37 trillion of federal debt. Inflation makes payments manageable because if everything costs more after the debt is taken, including wages, then its like you borrowed less. This is why it's smart to use debt - take as much as you can, cuz you're fucking the lender. That's the game. But that also means that anything that's deflationary is the enemy of America. China's gazillion factories are deflationary : that makes China the enemy. You buy cheap shit from China : debt doesn't get devalued as fast as the corrupt class would like. Even American factories are America's enemy. Anything, anywhere, that allows supply to meet demand and prices to not rise, is deflationary, and thus America's enemy. That's it. That's the whole story, from why you can't afford groceries up to why a carrier fleet parks in some other country's waters. The beast is driven by hunger ; the hunger of the beast is debt.
I **_wish_** I knew one person in real life who could understand this. Its not even particularly complicated... But people are too busy with their side gigs to think about stuff. I **_almost_** had a conversation about it with a biologist over Thanksgiving. Almost!!! But they thought I was too radical, like maybe I'm a Commy or something, **_because I wanted the government to do less._** lol. We're so fucked.
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Totally. I'm just comparing, and IMO wherever China rates on those lists, the US should be lower. I think a lot of those shops were actually only in business because their value as a property kept going up, and idk but I can speculate that they're just financing it as collateral to keep the lights on. But that happens in the US, too, so I can't point at that (which I'll reiterate is speculation) and say it makes them worse off.
The USA is legacy tech…
I lived in China for some years and witnessed the dynamic you're describing. "It's better to be the head of a chicken..." Chinese people are extremely entrepreneurial and focused, in some sense, on what works.
The seeming lack of regulation around transportation and business in China is amazing compared to the United States. Of course, there's the part where a Chinese swat team tried to arrest me presumably for using the wrong book in a class I taught, and the rule of whim as the political winds can shift quickly.
But each country has their trade offs, and there are certainly far worse and more expensive places to live than China. Like certain parts of California.
Good take!
When we analyze whether a particular region is a free market, or to get a sense of the degree to which it is a free market, I think we can start with a few basic prerequisites:
1. The user/owner of the means of production or the goods produced with them is able to exchange what he owns or produced with other people - land, capital, resources, raw materials, consumer goods, production goods, etc.
2. This exchange happens at prices that both parties agree upon
3. The user/owner has the ultimate say in how his means of production is used - he decides what to produce, or not produce, when to produce, and in what quantity
4. Property titles and contracts regarding property titles are honoured and restitution mechanisms exist in case of violations
5. The money - medium of exchange - that people use holds its value/purchasing power over a long period of time and is easily exchangeable. And when it doesn't, people have the ability to shift to something else.
6. The ultimate form of ownership - ownership of self - is respected. One's body and fruits of one's labour exerted with one's body is safe from harm or being expropriated. And people have the ultimate say in what endeavour they choose to engage in with their selves.
Of course, no country or industry has this state of affairs to the fullest extent. But the degree to which these perquisites exist in a particular region, country or industry - big or small, private or public, capitalist, socialist or communist, democracy, oligarchy or autocracy - whatever the name is attached to it by narratives and storytelling by the media, is the degree to which it is a free market
Basically, lot of words to say that the degree to which property rights are respected determines how much of a free market a particular region is.
And it will also determine the degree to which we see economic growth, productivity and an increase in standard of living in that country or industry.
Feels too easy.
Great post. The closest thing humanity has ever had to a free market was probably in the early years post American revolution. It didn’t last long unfortunately.

The respect and admiration Americans give these hypocrites is wild
never gets old watching a nation of tax cattle crown its self-appointed shepherds.
SWAT'd over a book? Crazy. I didn't know they were that worried over books. That might explain the difficulty I had in just getting any books to use.
Perfect distillation of politics.
I think Toxic's got me blocked, but he's making a good point. Its all just a story. The story justifies power. Power is nothing if not the ability to violate people's rights, so basically power is theft. Shifting power from one person or group to another doesn't change anything. You gotta destroy the power itself. Ring into fire.


ayyyy viktor sees you ✊
the drop kicked hardest right here:
> shifting power from one *master* to another doesn’t unchain the servant—only destroying the shackle does
also that ten tab barbershop economy you described earlier is some proper speed-run habitat. china just *lets people try shit*, failure isn’t a fiscal death-sentence laced with regs, permits and franchisor tithes. that’s the free market flex.
sub-zero take: most folks can’t even spot the invisible cage around their own wage & rent loop—let alone imagine busting it out. keep flinging matches, eventually one lands on the ring.
He emoji'd me! I'm unblocked! Yay! Hey, I'm sorry. I understand you blocking me.
Most countries in Latin America are like this too. Vendor after vendor hustling all day. On the street, in shops, in town squares. No business permits or EINs or resellers permits. Just an honest hustle.
It absolutely changes the way you see America and what’s “normal”.
I really should make a trip to El Salvador and some other places. Its kinda embarrassing that I live in Texas but still haven't gone. Everyone I've ever met who has gone south has loved it.
its just been downhill ever since
Well what happened afterwards? Was it a big mistake and they let it go, or did they put you on a no entry list or what?
Maybe it's always going to be power vs market in perpetuity and the best move is to grab a lot of popcorn
Okay wow this is something I've never seen before
i wish you luck on your endeavors, im pretty sure you'll be fine at them and be met with success, kip 🌸
this is nice advice tho
so
one for one out here 🗒️✍️😊
Thank you so much friend 🥰
I think looking at incentives will provide the best answer. I find it interesting that Europeans came to America to escape the rule of European monarchies. The incentive to fight back became more profitable on American soil so they mobilized and got it done. Then the incentive to establish a government and tax the colonies was high. That resulted in the "head west" movement. People were trying to escape taxation by moving farther away from the tyrants. Eventually they reached the pacific ocean and had no where else to go. The people who were bound to the land got taxed the hardest. I always find it interesting to see that consistent pattern: things that are taxed the most are the things that are hardest to move or hide. You're a farmer? It's pretty easy to tax that. Home owner? You bet your ass that's getting taxed. Software developer? Much harder to tax that. Get paid in bitcoin? Hard to withhold earnings that way.
TLDR: the nature of these relationships will always be a push pull between tyrants and plebs. What can people get away with? What can the government succeed in taxing? As jobs move online, it becomes much cheaper to leave the region you are being taxed in. I believe the sovereign individual thesis is playing out right now.
It's insane
This is going into the territory of *why* power wins over the market sometimes and vice versa during other times
You say that it's all about incentives. Some argue that it's culture, genetics, history, etc. Others say that it's about the dominant ideas people have. There are those who say that it's an inevitable pattern or progression in society and history. Or that it's divine intervention. Or that it's about the quality of money. Or technological progress. Or the planets.
I can't put my finger on it.
The reason I say incentives is because all these other things are driven by incentives. Culture changes to accommodate incentives. For example, the entire chivalry movement was born from a dying cult's wish to keep their tradition's practices alive. They found a way to integrate their beliefs into Christian culture. Women found this particularly beneficial as it provided them better treatment so they were incentivized to reinforce men that played along. The men who played along were incentivized to adopt these practices in order to gain sexual opportunities. You can argue the same about genetics. You are incentivized to mate with people who have better genetics. Historians are incentivized to write the version of history most profitable to them or their governments that are paying them. Incentives are the driving force of our actions.
Power always won because, until Bitcoin, we never had a neutral property right that was sufficiently resistant to both seizure and surveillance, such that it could break the profitable, positive feedback loop of theft.


Yes. Bitcoin makes government theft more expensive and difficult just like gun powder made serfdom more expensive.
As an American, I absolutely believe this. China has invested so much more in real industry, energy build out, etc. and they took their medicine with the housing market. They have exponentially more engineers and it's much more of a true meritocracy. In the US we've papered over all of our problems so that the elite can continue to extract more and more from the common man. We don't have "free market capitalism" we have fiat corporatism.
Well said, Mick
So on point
I grew up in the UK and was sold the idea I lived in a free market
In the same sentence I was also told that it was a privilege to have “free” healthcare, and hence the NHS was the most increadible organisation to ever be created, a socialist ideal paid for by tax
“Free”
Come on
Commonly held beliefs are almost as dangerous as banks
People tend to understand the problem, and then completely shut down after offering potential solutions.
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The other punchline:
The “money” needed to pay off the interest cannot ever exist
What a fucking massive scam, the scam of the millennium
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Can you please explain why franchises don’t exist in free markets?
"more entry barrier than market" 🎯