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22 - The People’s Narrative | Ben Hunt

Bankless

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Navigating the Nudging Oligarchy

This chapter explores the concept of the 'nudging oligarchy' and how powerful institutions, particularly central banks, influence societal behavior through subtle narratives. It contrasts Western liberal democracies with authoritarian models, especially focusing on China's social credit system, while examining the implications of digital currencies like Bitcoin and Ethereum. The dialogue also addresses the evolving relationship between nation-states and decentralized finance, highlighting the potential for individuals to gain agency and reclaim identity in an increasingly controlled financial landscape.

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