POLITICAL BILLIONAIRESThe clip below is a good encapsulation of what modern China is by Eric X. Li, who’s one of the most thoughtful Chinese nationalists.I appreciate his description, because the Internet is the exact opposite. Because on the Internet, capital (in the form of Bitcoin, and more generally smart contracts) really does stand above any given state.The negative way of framing this emerging reality is that Internet capitalists are now above national governments. The positive way of framing it is: ...