First of all, I recognize that the state, the corporations, and the banks are really all part of the same capitalist entity. The police, armed forces, and other tools of force belong to the same entity. For the most part, the entire globe and every nation-state on it are firmly in control of capitalist forces now. Yes, there are variations on the capitalist theme – fascist capitalist states, pseudo-democratic capitalist states, state-controlled-capitalism states, and tyrannical capitalist states. The bottom line is that all of these states are under the thumb of bankers, corporate boards, and big finance.
Independent nation-states are an illusion that capital has created in order to keep the people focused on the relatively unimportant business of electing impotent legislative bodies, debating amongst political parties, and protesting tyrants and blowhards like Trump, Dueterte, Kim, Erdogan, Putin etc. I’ve fallen for it and quite likely – so have you.
People (workers) with more power to change get the benefit of living in countries where the standard of living is higher. Organized labor and abundant resources made the UK, USA, Japan, and other ‘Western’ nations dangerous to the capitalist system – and as a result, the people living in those regions are given a higher standard of living and inundated with larger and more powerful control systems such as the internet-entertainment complex.
The good news is that capitalism is failing. The bad news is that it is destroying our one and only planet, enslaving all of us, and quite frankly, a major dilemma for capitalists is already rising – what to do with a workforce that is no longer needed as automation eliminates jobs. Capitalism relies on consumption and control.
This is where Bitcoin comes in. There is no central authority over bitcoin. Bitcoin does not require bankers to mediate exchange. Bitcoin does not require governments to regulate trade. The true identity of Bitcoin’s creator is unknown, it is run on nodes distributed over the entire world, and it is a functioning peer-to-peer monetary system that does not require a federal reserve, the approval of corporations, or government backing.
Bitcoin is the greatest threat to capitalism in the history of capitalism. Owning Bitcoin, enables you to transact without government approval. There is no way for governments to automatically tax Bitcoin, they cannot ‘inflate’ or ‘deflate’ bitcoin by producing more. The price of Bitcoin reflected in fiat currency is a direct result of the true value of fiat declining, rather than the value of Bitcoin rising. A Bitcoin is a Bitcoin.
The simple act of buying any amount of Bitcoin, is the single most revolutionary thing that a person living today can do. Every Bitcoin transaction takes away the power of the capitalist machine. Every Bitcoin transaction, moves power from that machine to the holders of Bitcoin.
Are you holding Bitcoin? Why not?