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 ...

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 ...

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 ...

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 ...

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 ...

Economic & Social Commentary - The text critiques the dichotomy between corporatism and socialism, comparing it to a perilous choice [1] - Innovations in contract law, property law, and financial markets have historically benefited economies [2] - Over-reliance on large-scale, remote, trust-based institutions like governments and corporations is identified as a source of cultural problems [3] - The text advocates for reducing trust in strangers by shifting focus to smaller social scales [4] - It suggests prioritizing aspects of life beyond GDP and economic productivity, such as family, friends, and local communities [5] - The text calls for protecting long-standing religions and non-commercial traditions from disruptions caused by corporations and governments, including globalization and immigration [6] Institutional & Technological Impact - Trust-minimized institutions leveraging blockchains, smart contracts, and AI are expected to improve global economies [2] - The text emphasizes the need for innovations that substitute verification and security for trust in large social scales [4]

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 ...

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]

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 ...

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]