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Chainleft
@chainleft
Classic case for capitalism is that it'll usually win in the shortest terms. For example. you privatize education, so less tax burden on citizens. Of course by turning your education into a profit-machine, you're changing the objective function of your system. Over time, your system will optimize for profit instead of the optimizing for better education. Same applies to reducing protections for health, food, family programs, etc. What I'm saying is, starting from the same point, invisible hand cannot compete with planned systems on longer periods.
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Locked In (On Fire)
@warezow.eth
Privatising education is not about less taxation on citizens lol. It’s about efficiency, results and teaching things that matter (and have it compete). You say that power consolidation is evil but actually end up advocating for it. Many such cases.
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Chainleft
@chainleft
In democracies, power is decentralized across the country's voters, based on proof of human. Less consolidated than Bitcoin in theory. (not to say there's a working democracy in the US)
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