X @Nick Szabo

Economic & Social Commentary - Large-scale innovations, particularly in contract law, property law, and financial markets, have historically benefited economies, but require discarding non-beneficial innovations [2] - Current advancements in blockchains, smart contracts, and AI are expected to further improve global economies through trust-minimized institutions [2] - Over-emphasis on large scales in politics and economics, especially through remote trust-based institutions like governments and corporations, has contributed to cultural issues [3] - A shift in focus towards smaller social scales is needed to reduce reliance on trust in strangers, emphasizing local communities and traditions [4][6] - Instead of prioritizing narrow economic goals like GDP, more attention should be given to aspects of life closer to individuals, ensuring economic institutions protect smaller-scale institutions [5] Community & Institutional Dynamics - The industry suggests fostering communities with shared understandings and traditions to enhance communication and protect them from disruptions caused by corporations and governments [6] - Protecting long-standing religions and non-commercial traditions from globalization's disruptions, such as immigration, is crucial for community preservation [6] - The industry advocates for prioritizing the formation, growth, and protection of families and communities with long-shared understandings [6]