Mike | Abundance on Warpcast

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public ledgers, open source, DAOs, CC0 are all far left coded ideals. curious how the more right leaning crypto space squares these bedrock concepts.

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Dan Romero pfp

Generate revenue.

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0xen 🎩 pfp

strange bedfellows innit

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DAOs or user-owned networks are like cooperatives. Cooperatives can earn revenue. The distinction of capitalism’s versus socialism’s “revenue” is the profit incentive and who gets the profit. Especially because they also have the power over how the company is run (and in oligarchies, how the country is run) Don’t let anyone tell you that money, markets, or income has to be absent from leftist ideology; it’s a big tent. Leftist conception of these things, which as you mention is very much coded in line with the web3 we’re building, is about equitable distribution of surplus revenue and democratic control of the organizations. I don’t think people on the right understand the bogeyman they think they’re fighting. Red scare propaganda and garbage propaganda like “The Little Black Book of Communism” built a wall of bias that even Gorbachev couldn’t tear down.

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> Red scare propaganda and garbage propaganda like “The Little Black Book of Communism” built a wall of bias that even Gorbachev couldn’t tear down. It's not little. 100 million dead. Ask anyone who has actually lived in a communist country how great it is. :) https://en.wikipedia.org/wiki/The_Black_Book_of_Communism

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With that book's logic of "preventable deaths under the government with ___ ideology's policies", you could say capitalism killed dozens of billions. It's just a weird way of accounting. If we really want to use that definition for one ideology, we should apply it everywhere. The book is considered academically hollow but it has been used quite commonly by far right ideologists and politicians of course.

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Mike | Abundance pfp

Mike | Abundance

You can say a lot of things but fact is that countless millions were killed, starved, and enslaved as a direct result of communist policies. It's an ideology that claims to be "humanitarian" but caused the most destruction to humanity in the 20th century (and has nothing to show for it)

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Except I guess the massive and rapid industrialization of Russia. Lifting millions out of poverty, rapidly building housing, providing education and food to people otherwise abandoned by the system, developing an incredible space program that forced the US to compete, all while being constantly forced to militarize by Western antagonism (both economic and military). And also you know the many socialist policies that make life in capitalist countries better like no child labour, maternity leave, 8 hour work days, sick leave, etc.

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Mike | Abundance

At the cost of how many millions of dead Russians and others? China's GDP increased 14X in 30 years since Deng Xiaoping introduced free market reforms. You don't need massive death and destruction to have industrialization... unless it's under communism.

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I’d argue you don’t need it under either system. But as I pointed out so many times, I’m not arguing for communism. Just debating your flawed arguments. We get it: in your mind “left = bad” Now argue that with facts and give equal weight to the criticisms of the capitalist system so that it can be improved if it’s worth it.

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Mike | Abundance

I have LOTS of issues with capitalism - wrote a whole book about it. The issue is that Marxism (and especially the Leninst variety) doesn't resolve these issues, and it necessarily devolves into genocidal destruction. Main issue in capitalism is the inability of an exchange mechanism that is based on scarcity to produce results that are aligned with the public interest. This is a coordination failure that cannot be solved in a system based on adversarial relations. I propose (in the book The Abundance Economy - book.abundance.id) to resolve this by creating a mechanism based on "Consensus Value." So this is not an issue I haven't looked at carefully

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Very interesting. I disagree that the main issue is scarcity since capitalism tends to create over-abundance. I would say the main issue of capitalism that the profit motive and lack of meaningful democratic involvement of stakeholders means capitalists are at odds with their clients, their employees, and ambivalent about externalities. Nonetheless I appreciate your statement and will add your book to my list to look over so I can better understand your specific critiques.

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