Network States

Internet 📈
Indians 📈
China 📈
DC 📉

Those are the four forces on the world as I see them. The Internet, Indians, and China are rising. DC is falling. And America is split between the American Network (rising with the Internet) and the American State (falling with DC).

Author of The Network State.
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So where are we going to after this? 
And do american have choice other than crypto for the debt.
And is it real they can do it with crypto?

The best American leaders are aligned with the Internet, with the rising network. The worst are those aligned with DC, with the failing state.

The greater their reliance on the global network, the more effective they are. The greater their reliance on the nation state, the less effective they are.

I agree with the 3 takes except with China. In what metrics is China going up📈?

China's working population is declining. Their GDP per capita is also not growing as fast. Taiwan, for example, has 3 to 4 times faster grow compared to China.

On top of that, China debt to GDP is pretty high overall. Their real estate that is over collateralized and represents a big percentage of their GDP

🇧🇷🇺🇸 - Book: Making Things Think: https://holloway.com/mtt Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph

And what industry of the future is China leading? 

Crypto is banned. There is no crypto project that I can recall that is based in China.

AI is mostly led by Western companies: Mistral, OpenAI, Meta, Anthropic...

Space is done by the west: SpaceX, Varda, RocketLab

Autonomous and Robotics is based in the US: Tesla, Rivian and Waymo. The only player that they have here is Baidu.

They sell commoditized electric cars. But they also sell commoditized smartphones. Most of the profits still go to either Apple or Samsung. 

So in what way is China the future?

how broadly does "internet" or "internet values" encompass technology as a whole?

does "internet" alignment require openness and permission-less so that certain tech is necessarily excluded?

Do you think Switzerland  is in decline or ascendance ?

Which presidential candidate do you think could save the US?

Alchemist. 
Block Builder. 
Creator.
Degen. 
Ethereum dev. 
Farcaster Framer.

yeah, and american laws.. 

it is very very hard to get that emancipation.. after all americans gonna be americans haha

 they are good creating tech stuff, they have a great infra for learning and they have enough capital and infra to reproduce endless bussiness..  and the goverment would controo them..

For me, the idea of the internet needing emancipation from the U.S. is difficult to grasp, especially given the dominance of U.S.-based tech giants and the internet's historical origins in American institutions.

Internet needs emancipation from US before getting considered an independent force but it may depends on how we define the Internet (and your previous casts showed how complex is it)

China and India are part of the BRICS.

-BRICS up
-USA down
-Internet as an independent and auto organized movement aka "network states" as alternative.

Internet could be seen as the only way to preserve some lifestyles.. too.. becoming a trojan horse.. at the end..

!?

It’s bankrupt.

The state is making $2-4T a year with $175T in debt. So it’s not actually a rich country. It’s like a guy playing fake rich by maxing out his credit cards.

Default is coming.

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

What would you consider the solution to pivot out of this? Assuming it is inevitable that america enters a default crisis, if you had control of the levers of action, what would be the next move?

It’s bankrupt.

The state is making $2-4T a year with $175T in debt. So it’s not actually a rich country. It’s like a guy playing fake rich by maxing out his credit cards.

Default is coming.
https://open.substack.com/pub/balajis/p/americas-175-trillion-problem?r=2974h&utm_medium=ios

What factors make you believe the american state is falling?

Gross cherry picking to call American State falling and China ascending

Gross cherry picking to call American State falling and China ascending

https://www.linkedin.com/pulse/china-100-year-storm-horizon-how-five-big-forces-playing-ray-dalio-wysbc

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https://en.m.wikipedia.org/wiki/Washington,_D.C

Basically just referring to the leadership of the United States/The United States as a whole

Studying English🇯🇵 owner /non Pokemon🫶

The rise of China feels overstated. Are they not facing a RE crisis and a falling yen?

Yellen visited them twice last month to maybe strike a deal on some bonds.

The dollar is still by far the currency most countries hold even if they transact in other currencies like what Brics is attempting.

American is living by debt… it’s worrisome

The US National debt is crazy high rn 😔 

Washington is Falling

These are truly profound forces
I feel the power of the internet supersedes all 
🍖 x 20

guess DC needs a software update!can someone reboot the system?

Safe to assume you mean the US is overrated.

What do you think is the solution for this ?