"The Problem of Political Authority with Jimmy Song (WiM523)
The "What is Money?" Show
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Critique of Social Contract and Authority
This chapter critiques social contract theory as a foundation for governmental authority, arguing the absence of mutual obligations between citizens and the state. It further examines the influence of psychological biases and memetics on public perception of authority, particularly in the context of fiat money systems versus decentralized alternatives like Bitcoin. The discussion also highlights the moral implications of wealth accumulation through unethical means and the challenges of fostering genuine discourse amidst entrenched political beliefs.
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