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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
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 out to be quite beneficial, ...