The End of the Super Bubble vs. WAGMI
The Breakdown
00:00
Crypto Isn't a Utopian Dream
China was poor in two thousand nine now china is rich. This is outright inflationary, and doubly so when you factor in geo political tension. Technology companies like uber and wework are great examples of venture backed largesse that never really made money, and still don't. Policy makers have to raise taxes aggressively to fund giant fiscal programmes. The reason why markets are allowed to be a casino is the same reason why gladiators were encouraged in ancient rome. It is likely the united states and other democracies will weaponize crises to justify further surveillance alla china quell descent,. as well as cynically limiting immigration via tools like arbitrarily complex vaccine passports.
Play episode from 08:43
Transcript
