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Comment by lanfeust6

11 hours ago

> Wealth is arbitrary post settlement. Show me a currency from 700AD still traded on a regulated market. In that sense, wealth is a decadent category the West will be destroyed by, look at the current state of oligarchy, particularly tech. There's little if any ecological parity in these displays of wealth and extraction status.

Is this meant to be post-modern? Whatever you feel about wealth, wealthier citizens overall are happier and have a better quality of life. Do you think people are clamouring to immigrate to the West for the weather?

> I have no relationship with politics

LMFAO. Dress it up all you want. You're either ideological or you aren't, you can't have your cake and eat it too. You're free to criticize Capitalism and/or Liberalism, but in doing so you can't pretend you believe in nothing that can be defined in political terms.

> Rosenberg quote

Economics doesn't try to predict what policymakers and irrational actors do. But it's generally good at forecasting some effects from changes along specific dimensions; if it wasn't, microeconomics and central banking wouldn't matter. If the interest rate increases 10 points overnight, what happens - nothing?

We're already verging on decentralized, and we've been horizontalizing since 1995. If you're not aware of these trends leaving behind models, discarding politics, recognizing the narrative seclusions of economic policy, then you have your head in some 20th C think-tank or consultancy immobility syndrome.

These things are dinosaurs. States are looming as extinct, religion, history, myth, storytelling are ancient tools. I'd start looking around outside of the C suite.

Think what's already under development that disintegrates out stodgy ideas of "wealth", currencyless societies, tokens, analog measurement replacing binary, syntax instead of grammar.

Ye olde Friedman-Galbraith (and any edgy sounding theorist) promoting currency, quant, interest, game-theory about economies are witch doctors that have already been unmasked by scientists. I've linked one above a few entries up.

Think for yourself, don't toe the line into senescence. Don't replay your father's tired ideas about wealth.