The Bitcoin (BTC) Velvet Revolution: The End Of Crony Capitalism

If Friedrich Engels and Karl Marx were transferred to the current day and offered a daily paper, the dearth of class division will most likely lead the freedom fighters to genuinely think they had ended up winning. Those who would observe a society divvied up on a wide range of issues, from racial politics to the proper COVID-19 tactic, and yet virtually eerily quiet on the endless struggle among capital and labor, oppression and oppressed.

What a difference this would have made if they would have come back just ten years ago, whenever the Formation was in full flow, with shanty towns leaping up in opposition to cronyism, predatory capitalism, as well as an after finance system. The same problems remain a decade ago, and they’ve started to fade into the background sound of frothing cultural war.

The 1% may be sleeping better today, but then any sense of safety they have is misdirected. The anger doesn’t ever go away, and as disparity has continued to increase, fascism’s malcontents are just no longer restricted towards the Left. Most importantly, such top players now have direct exposure to some of the most potent financial weapons that normal people ever have.

Rich people’s welfare

What is starting to cause the revolution? Because persons are not irrational. Those who see governments are going to spend hundreds of billions of dollars to help support both too corporations, whereas the poor keep living check to check. Something that most folks don’t know is that governments are well aware that the well-being of the wealthy disparately affects the poor. Those who have recognized it for more than 300 years.

The Cantillon Effect, first mentioned in the 18th century, describes how printing money helps make the rich richer and the poor poorer. Once substantial quantities of fresh cash are injected into an economic system, the very first beneficiaries get to waste extra cash before prices rise. If they are sensible, as the wealthy are, they will engage in real estate and rare metals.

By the moment this cash “trickles down” towards the poor, the higher inflation impacts of having to print it have hugely devalued it.