From the New World cover image

Manny Rinconcruz - A Tornado of Cash, An Earthquake of Crackdowns, and a Drought of Courage

From the New World

CHAPTER

Is It Possible to Swamp Out Old Institutions With New Ones?

i think a lot of the technologies that we use to organize people are basically, they have changed very little over the last 500 years. The great thing about a touch free societyeis that you can swamp out old institutions with new ones. Everything that survives its good at something. It's at least good at surviving. And if it sucks at all the things you assume it does, then maybe itdoesn't do wat what you assumes it does. i don't know, i have some hope that we can swamp out pieces of finance, if only because everyone really hates the financial industry,. so theyre somehow. involved in regulatory capture. This is actually something that i discussed with us v as

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