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@balajis.eth
The greatest strength comes from knowing your own weakness. My overarching thesis is that history is running in reverse. So the countries that had a great 20th century are on track for a tough 21st, and vice versa. For example: China, Russia, India, Eastern Europe were crushed by socialism. Now they are capitalist and unified to varying degrees. So their overall trajectory is up. Meanwhile, Woke America and Western Europe were once capitalist and unified. But now they’re woke with broken borders and bankrupt states. So their overall trajectory is down. Like Dalio and Elon, I believe the coming sovereign debt crisis will end 500 years of Western dominance (and also take down Japan). Failing states will get extremely nasty. I think China rises. I think the Internet succeeds the West, and opposes China. I also think Bitcoin Republicans can maybe turn Florida into a Taiwan equivalent, where capitalists take refuge. But most aren’t ready to hear this. They still think the postwar order will last.
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@standpoint.eth
You theory is so full of inconsistencies and paradox, starting with an obvious confusion between socialism and communism, two totally different ideologies. Most of Western Europe has been socialist for more than half of the 20th century - this makes your post indigestible.
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They aren’t totally different. For example, Stalin called the Soviet Union “socialism in one country.” And the USSR stood for the Union of Soviet Socialist Republics. I agree however that the word socialism has at least four meanings. It can mean communism, as per Stalin. It can mean fascism, as per Hitler’s national socialism. It can mean a corrupt bureaucracy that falls short of genocidal communism, as per India until 1991. And it can mean moderate welfare state capitalism, as per Western Europe until recently. I think however that in the fullness of time, we will see even the EU’s quasi-capitalist Keynesian socialism end. It’s not as acutely bad as Marxism, but it does eventually lead to economic decline. Europe can’t afford socialism for long.
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As a Western European, it is very frustrating to see people qualifying communism as socialism as we clearly do the distinction. I don't think it will disappear, because some aspects of socialism (as per the Western European definition), are clearly beneficial to everyone (talking about welfare and free education mostly). Where the problem is, and it is starting to change in many European countries, is what I call the syndrome of 'the citizens under intravenous drip', which is, people who have been so used to getting things in exchange for nothing, that they don't bring value to the society anymore. Some socialist parties have been doing clientelism with these tranches of the population for so many years (if not decades?) that the other tranches of the population are now rejecting that idea with fierce. Most of the Western European countries are now adopting a hybrid system, safeguarding welfare and education, but also enhancing the idea of a free market. Basically no more left, but center-right.
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