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RE: Fraternity! The Markets Are Not Free!
Re the distribution of wealth that is where fraternity comes in. Our economy should flow in a spirit of brotherhood and interdependence.
Capitalism is viewed as freedom misapplied to the economic sphere. Free markets leads to an exploitative social order run by big gorillas, law of the jungle. The economy then starts to dominate political sphere too, like you say, military, police, ever bigger gorillas!
That's the social threefolding take on it that I have been reading about lately.
Thanks and I agree, terms are so important!
Every system dependent on humans is prone to corruption, @mjhomb. Call it whatever you want, it will fail. Blockchain is long awaited fix.
And I have one little reservation to the blockchain, having read the wonderful treasury of wisdom titled: “Murphy’s Law”:
True. Blockchain will be a test of their ingeniosity. 😄