X @Nick Szabo

Economic & Social Commentary - Large-scale innovations, particularly in contract law, property law, and financial markets, have historically benefited economies [2] - Over-emphasis on large scales in politics and economics, especially through remote trust-based institutions like governments and global corporations, has contributed to cultural issues [3] - Focus should shift towards smaller social scales, such as families and local communities, rather than solely prioritizing GDP and economic productivity [5] - Reducing reliance on trust in strangers at large social scales is crucial, achieved through verification and nonviolent security, alongside refocusing on smaller social scales [4] - The text advocates for fewer large corporations and governments, and more emphasis on families and local communities with shared understandings and traditions [6] - Protecting long-standing religions and non-commercial traditions from disruptions caused by corporations, governments, and globalization is essential [6] Blockchain & Trust-Minimized Institutions - Trust-minimized institutions at a global scale, leveraging blockchains, smart contracts, and AI, can further improve global economies [2] Risks & Mitigation - Corporatism and large-scale socialism are presented as undesirable extremes, akin to navigating dangerous waters [1] - The text warns against the damages inflicted by strangers, businessmen, and politicians, emphasizing the need to protect communities from disruptions caused by globalization, immigration, and other factors [6]