„Anyone in the possible charge over a society's economical output will promote socialism, for They hope going to be in charge of distribute it's output with unquestionable authority, hence in the best position to take for Themselves.”
There is a myth so imprinted among the populace in the West, it is hard to counter it, even with plainly visible facts and common sense, which is:
that the current system is a „capitalistic society, daunting for profit*1” (spoiler alert: it is not).
I try to summarize what i want to express, and elaborate later in retrospec. Simple fact: Capitalism thought to be (at least in the non acolyte marxians) a system based on:
- private control of the means of production – which is insufficient to say, since uber, arbnb, and cryptocurriencies emerged, anything can be a means of production (capital tool);
- from that basic principle theses facts follows: all natural resource use, producing commodities and granting services are made/implemented by people with personal title to the means and a stake on the selling of those (very important! A 1 man PoS alt coin basically :-);
- it is based on voluntary exchange, excluding force. Both parties are free to say no, may it be employment or trade (selling one's time/workforce, commodity/goods, service). And no, the need to feed yourself is not forced on you by capitalism, it is forced on you by nature, reality itself (blame entropy if you want!).
Anyone who goes into a shop and buys anything can deduce that half of the exchange is in fiat money (which is..lets net get into it:). Fiat money comes from a central, monopolistic entity backed by the law enforcement (guns;force) of the State – even if it is a private institution, it is still a monopoly, granted by the State* through mostly anti democratic means (*may it be by historical age of a king, emperor, ministers, whatever).
How can anyone call today's economic and societal/political system capitalism?
This whole system of monopolized, centralized, regulative, than deep captured by „money without risk corps” , crony, corporative, banking, debt based system based on future income where nX=cool (n= totality of present output)*(X increase rate in % of n minus interest rate; which is a mathematically = impossible, because it is more profitable to get interest from central bank for holding State debt than invest in 'n' - economic activity - therefore, 'n' stays constant or minus through time) reminds me more and more to another system: socialism ( i have actually lived in it, so please spare me the „theory”; i had to experience it in reality; and this Western world one walks like a duck...) Examine the facts.
- half of EVERY transaction (plus instantly added taxes like VAT, income tax, etc etc.) is controlled by a monopoly good, made and augmented by an appointed institute (C. banks) by the central planner. Monopoly of the medium of exchange is the anti thesis of a free market;
- all through the western world (definitely in Europe) on average MORE THAN HALF of the individual „free citizen's” labor efforts gets collected as taxes by a central monopolistic institution – State - into a big pool. (Everyone according to his ability, all to his needs..familiar?)
these are then distributed by a „wise council by the people (proletariat)” not based on merit, but by „need”. By monopolistic, non-profitable (hence uneconomical by default*2) institutes like:
Healthcare, Social security, Education (lol), Law, Police/Fire/Military, Infrastructure and Public „spending”, Legislation and Oversight, boards upon boards referring to boards of regulation of other boards, committees.....
Shrinking freedom of choice (how do i marry and contract, how do i educate my child/myself/how do i do business, how do i save for retirement, how do i manage my future, etc) is a symptom of increasing collectivism. It is not up to the individual to bare the risks of life – which is a basic fact of the REAL world backed by quantum physics*3, and basically, everything we know about the universe -, but let us vote in „protectors” who will decide for us. That is, the statist, the Keynesian, the central planner idea. This is today's reality. Socialism.
Enters Bitcoin (and bitcoin, the currency).
Bitcoin, the protocol, potentially frees us from the problem of trust, which prevented us from doing p2p transactions in the last whatever thousands of years (may it be the transfer of value, or title, of proof of existence, the truth, etc.), making the trusted 3rd part obsolete. It basically cancelled all the – otherwise misguided – reasons for socialistic (communally owned) institutes. Bitcoin made the hierarchy of power based on force dealing with trust issues* obsolete (*State).
Bitcoin IS classic, pure capitalism, down to its core. It is:
- open and 100% voluntary to join or leave at any time and space;
- it is the perfect manifestation of private property*4! No entity can have an individual judgement, or exclusion of anyone else (this is backed by pseudo.anonimity and cryptography-
http://en.wikipedia.org/wiki/Cryptography);- it is resilient to any single institute to take over (even the forces of the State, based on local consensus), and this ability grows over time – anti fragility;
- it is natural result of the global free market "ecolution" (economic evolution), where every human being is connected (just like in the real physicality of the world, 6 steps and you reach anyone.
http://en.wikipedia.org/wiki/Six_degrees_of_separation );
- Bitcoin is capable to adapt and improve, just like nature through evolution (the twist here is it is acting like a natural phenomenon, although it is entirely in the digital space! The ingenious of the human mind should overwhelm You);
- it can end the false premise of the current madness of debt based monetary system. In a bitcoin economic setup, only real savings (withhold consumption) can finance new endeavours, granting that only real NEEDS for consumption will and can be served by resource users (the others will fail.);
- it gives back the people the power over their financial freedom, with a great but sweet cost: they HAVE TO learn how to live independently, and consciously once again, which will eventually end all chance for opportunistic parasites, dictators, populists to gain any power. Individual responsibility is a good thing in the long term, otherwise we got Hitlers and Stalins!
*1 Sadly, many people stuck in the XIX century when analyzing capitalism or money (blame the the guy who invented the world and meaning (!) holocaust for this
http://www.orgonelab.org/MarxEngelsQuotes.htm; it is Marx). Studies show that the concept of money, hence the concepts of economics and property relations are already understood and individually internalized even by little children:
http://darkwing.uoregon.edu/~harbaugh/Readings/Kids%20social%20development/Children%26Economics.pdf.
„If you want to understand the why the principle of private is so natural and immutable by all the living things, take a walk in a rural village and listen how the dogs bark at you (..for passing by their „private property”...)”
*2 Profit is not a moral concept. Profit is a mathematical necessity for survival. In physics, equilibrium means statical state, immovable object at absolute zero without any gravitational influence – nothing in the universe has this ability. Any living being (including humans) trying to survive by burning X Kj of energy to obtain X Kj of energey by „feeding”, will die for the simple reason that feeding itself is increasing its entropy, which requires additional, external energy to restore (you have muscle burn=damaged muscle cells). While in human society, profit means an increase of the overall well being, in nature it means survival to the individual (X+y energy from the hunt to recreate past entropy+energy to continuation of existence). Physics itself refutes a profitless world.
*3 quantum physics found that the basic behavioral principle of the universe – building as a bottom-up system - is uncertainty.
http://en.wikipedia.org/wiki/Uncertainty_principleThis found of mathematical uncertainty combined with the principles of the workings of network effects says us that the more we increase the elements (in this case people on Earth) in a system it is getting exponentially harder to find equilibrium spots.
*4 Private property is the essence of incentive to work your maximum. Even a 5 year old knows this; just visit any state run institute (probably already had) and see the difference between the motivational level/attitude/support level of the employees there versus a private institute. I think i do not have to bring more proof than that
Alas:
http://en.wikipedia.org/wiki/Hernando_de_Soto_Polar , and Patrick Byrne's (he is the CEO of Overstock) speech regarding innovation, business and crypto revolution.
https://www.youtube.com/watch?v=vFOpSTodk_U 
