Remember what happened to USSR after Gorbachev introduced glasnost (free speech) and perestroika (free market).
Using Ludwig Lachmann’s parlance, it can be said that the free market coordinates the triad—the Plan Structure, the Portfolio Structure, and the Control Structure.
In terms of money, unstoppable private money is better than stoppable public money. And a corollary of the law of cryptocurrency isomorphism is the fact that regulators can’t just ban certain cryptocurrencies—if any regulator wants to pass a law against anonymous cryptocurrencies, they are clueless about the law of cryptocurrency isomorphism, which is above both the laws and the constitution—sort of like the law of conservation of energy. The slip is inevitable.
Next:
Related:
- On the triad:
- 2-1a0c1i Every polity will be publicly traded eventually just like companies and coinsdevelop
- 3-1a4b 情報文化史 = 経済文化史 (経済と文化はそもそも独立して存在しない)
- 資本主義自体は文化を鑑みないが、前者が後者に影響を与えないということはあり得ない。そのフィードバックは正にも負にも働く。
- 3-1a4b3 Thomas Sowell - ‘Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.‘
- 5-1b1a1 Improving on already existent technology by removing one of its restraints amounts to innovation
- E.g., physical borders and quotas (both are arbitrary social constructs)contingency
- 5-3c Knowledge is irreversible, and can only go from private to publicrevisit
- 9-1b2 Inevitable meme variation is another reason why it’s impossible to predict how people will use your work and ideas
The West now:develop
- Left is against free speech
- Right is against free market