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X @Nick Szabo
Nick Szabo· 2025-11-24 23:51
RT Nick Szabo (@NickSzabo4)Corporatism vs. socialism: an awful dichotomy, like Odysseus having to choose between having his ships destroyed by rocks if he steered them a bit too far north, and being sucked in by a whirlpool if they went a bit too far south.Innovations at large social scales -- and I daresay I helped a bit with that myself -- have often been a great economic boon for mankind. Innovations in contract law, property law, financial markets, and related areas have, after maturation, often turned ...
X @Nick Szabo
Nick Szabo· 2025-11-24 18:33
RT Nick Szabo (@NickSzabo4)Corporatism vs. socialism: an awful dichotomy, like Odysseus having to choose between having his ships destroyed by rocks if he steered them a bit too far north, and being sucked in by a whirlpool if they went a bit too far south.Innovations at large social scales -- and I daresay I helped a bit with that myself -- have often been a great economic boon for mankind. Innovations in contract law, property law, financial markets, and related areas have, after maturation, often turned ...
X @Nick Szabo
Nick Szabo· 2025-11-24 02:58
Economic & Institutional Innovation - Innovations in contract law, property law, and financial markets have historically provided significant economic benefits after maturation [2] - Trust-minimized institutions at a global scale, leveraging blockchains, smart contracts, and AI, are expected to further improve global economies [2] Societal & Political Concerns - Over-emphasis on large scales in politics and economics, particularly remote trust-based institutions like governments and global corporations, has contributed to cultural issues [3] - The focus on GDP and economic productivity should be balanced with attention to smaller social scales, such as family, friends, and local communities [5] Community & Cultural Preservation - There is a need to reduce reliance on trust in strangers by refocusing political and cultural attention on smaller social scales [4] - Prioritization should be given to forming, growing, and protecting families and communities with long-standing shared understandings and traditions [6] - Long-standing religions and non-commercial traditions should be protected from disruptions caused by corporations, remote governments, and globalization [6]
X @Nick Szabo
Nick Szabo· 2025-11-23 05:47
RT Nick Szabo (@NickSzabo4)Corporatism vs. socialism: an awful dichotomy, like Odysseus having to choose between having his ships destroyed by rocks if he steered them a bit too far north, and being sucked in by a whirlpool if they went a bit too far south.Innovations at large social scales -- and I daresay I helped a bit with that myself -- have often been a great economic boon for mankind. Innovations in contract law, property law, financial markets, and related areas have, after maturation, often turned ...
X @Nick Szabo
Nick Szabo· 2025-11-23 03:07
Core Argument - The document critiques both corporatism and large-scale socialism, viewing them as detrimental to cultural well-being [1][3][5][6] - It advocates for a shift in focus from large-scale institutions (corporations, governments) to smaller social scales (families, local communities) [4][5][6] - The document emphasizes the importance of protecting long-standing traditions, religions, and communities from disruptions caused by globalization and large institutions [6] Proposed Solutions - Promote trust-minimized institutions at a global scale, leveraging technologies like blockchains, smart contracts, and AI to improve global economies [2] - Reduce reliance on trust in strangers by refocusing attention on smaller social scales [4] - Prioritize the formation, growth, and protection of families and communities with shared understandings and traditions [6] Economic Considerations - The document suggests de-emphasizing GDP and economic productivity as primary goals, instead prioritizing the protection of smaller-scale institutions [5] - It calls for economic institutions to safeguard more important aspects of life and culture at smaller social scales [5]
X @Nick Szabo
Nick Szabo· 2025-11-21 21:39
RT Michael A. Arouet (@MichaelAArouet)This is probably the most scary chart you will see today. How is it possible that socialist indoctrination at universities and in media is so successful?Socialism has always brought misery and oppression, why don’t young people understand history? https://t.co/mTqtgZXoIc ...
X @Investopedia
Investopedia· 2025-11-21 16:00
Communism and socialism are political and economic systems that are historically related but often confused with each other. Here’s how they compare. https://t.co/qxgn81WMoc ...
X @Nick Szabo
Nick Szabo· 2025-11-21 09:37
RT Elon Musk (@elonmusk)@MichaelAArouet Academia is a bastion of extreme socialism, so that is what they teach kids.The root cause is that vast funds are transferred from taxes on productive citizens to colleges, which allows them to enjoy the benefits of capitalism, while living in quasi-communism. ...
X @Nick Szabo
Nick Szabo· 2025-11-18 05:49
RT Whatifalthist (@whatifalthist)One of the horrifying things I realized was Socialism was basically voting public’s begging to have serfdom again. This was something that was widely said during the early USSR, which was called “the second serfdom” by Russian peasants. In both there’s no private property, everything is collective and under total ownership by a repressive state. Russia was unusually bad as serfdom went, with High Medieval Western Europe being way better than either.What the Socialist says wh ...
X @Investopedia
Investopedia· 2025-11-17 23:30
Discover if the U.S. operates as a mixed or market economy. Learn how capitalism and socialism shape its structure and the role of government intervention. https://t.co/2VzNFsdQ9X ...