I appreciate the balanced take. I honestly just see politicians as those who have adopted a set of incentives that don't necessarily align with ours. Typically it plays out badly. But it is what it is. Bitcoin fixes it to a large degree. Honestly, his action against gangs is refreshingly decisive. Imagine giving every gang member a trial as they slaughter and kill and steal with impunity. Nope. Swift death or a cell if you are part of that crowd. It was absolutely a war that could only be won that way. I'm not endorsing all of Bukele's actions, but just saying the alternative to what he did would NOT have worked whatsoever. Important perspective on politicians:
arkinox's avatar arkinox
Politicians cannot be trusted BY DESIGN INCENTIVES! WATCH:
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I actually do endorse the way Bukele handled the gang problem, which was really a parallel state problem, which was really an act of war to invade and take over the country and its resources. The first step was to get the country into debt to the IMF. Second, extract resources by stealing the wealth of its citizens. Third, recruit the impoverished citizens into gangs to build a shadow state and run the country using this indirect shadow dictatorship. Since the root problem was caused by fiat-powered wealth extraction, the root solution is Bitcoin-powered wealth retention, and Bukele recognized that. Making Bitcoin legal tender was the key to winning the war by making his enemies powerless. Imprisoning gang members and restructuring the government is just taking out the trash.