中文Chinese

Economics

Consider a thought experiment: We're born around 395 A.D., the fall of the Western Roman Empire. Examining the dark century that followed (Even including Emperor Justinian's era) shatters the illusion of ‘economy and technology always progress over time.’

The last stagflation occurred in the 1970s-1980s, until the 1990s saw shifts like the Soviet Union's collapse, Japan's economic issues, Reagan/Thatcher neoliberalism, financial globalization, the WTO, and Web1, which spurred growth.

Historically, a decline in living standards over two decades is more common. Much of history involves periods of stagnation. So If you still stay in this system, and assume you are 30 now, significant economic "development" might only be visible by the time you're 50. 

Or, we need a new system.

考虑一个思想实验：假设我们出生在公元395年，即西罗马帝国灭亡之时。研究接下来那黑暗的一个世纪（甚至包括查士丁尼大帝的时代），能打破你对“经济和技术总是随着时间进步”的幻想。

上一次滞涨发生在20世纪70年代到80年代，直到90年代出现了像苏联解体、日本经济问题、里根/撒切尔的新自由主义、金融全球化、世贸组织和Web1这样的变化，这些变化促进了增长。

从历史上看，生活水平在二十年内下降更为常见。历史中的许多时期都是停滞不前的。因此，如果你仍然留在这个体系中，并假设你现在 30 岁，那么显著的经济“发展”可能要等到你 50 岁时才会显现（也已是很乐观的一个情境）。

或者，我们需要一个全新的体系。

Onchain economist, writer | Web: http://183aaros.notion.site | @leaponchaincn founder | Building 📈 /onchainomics | 🏴 BanklessDAO Alum

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