Capitalism built on Fiat is pseudo capitalism.
In real capitalism built on sound money you have to be productive to get richer. If you are not productive, your wealth melts like an icecube (the speed depends on your lifestyle) because your expenses > income
In pseudo-capitalism built on Fiat you just have to be rich to get richer. No productivity needed once you are rich. On the other hand, for productive people it's almost impossible to escape the hamster wheel and accumulate wealth.
In socialism the central planners decide what each one gets. Being more productive does not have any impact on your well being. Productivity drops like a rock. If everyone owns everything, noone cares about anything.
What people think are the consequences of capitalism is really just late stage Fiat.
Choose wisely. Adopt #Bitcoin
StackSats / StackSats ⚡️
npub1hy…qv4y3
2023-01-29 15:29:02
Author Public Key
npub1hycynfhz23ardfmf9kgwfw4gpyqj2fsh24r2zuehg4x7lx4kn5cqsqv4y3Published at
2023-01-29 15:29:02Event JSON
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"content": "Capitalism built on Fiat is pseudo capitalism.\n\nIn real capitalism built on sound money you have to be productive to get richer. If you are not productive, your wealth melts like an icecube (the speed depends on your lifestyle) because your expenses \u003e income\n\nIn pseudo-capitalism built on Fiat you just have to be rich to get richer. No productivity needed once you are rich. On the other hand, for productive people it's almost impossible to escape the hamster wheel and accumulate wealth.\n\nIn socialism the central planners decide what each one gets. Being more productive does not have any impact on your well being. Productivity drops like a rock. If everyone owns everything, noone cares about anything.\n\nWhat people think are the consequences of capitalism is really just late stage Fiat. \n\nChoose wisely. Adopt #Bitcoin",
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