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umni 1 week ago
I guess this all boils down to: who is better at creating or enforcing regulations — the state or the free market? The difference is that free market regulation has competition, the regulations will better reflect reality, whereas the state will manipulate regulations for self-interest. It is a monopoly and must stop creative destruction or die, which means it must control the source of creative destruction: future minds. State-sanctioned: birth, air, water, food, information, knowledge, freedoms, assisted death. The state controls our inputs in an attempt to control our outputs. But as long as inflation exists, the state will have relevance. Government: “Look how terrible the world is — we must exist for your protection.” Free market: “Look how terrible the world is — let’s try to build endless solutions and let you choose what works.” One is centralising; the other is decentralising. One must reduce agency; the other increases agency. Once inflation is corrected for, this becomes purely a battle of good vs. evil.

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umni 1 week ago
Can a business the come to big to fail? Can a business be "structurally important"? Do monopolies currently exist? Results of central banking.