In the 19 seventies, financial entities in the us lent money to the global south. They're interested in getting repaid and theyr Mobilizing existing domestic international institutions on their behalf. I think in some way, these are the entities that are being protected here,. And that to have an enormous influence on the future shape that the global monetary system takes.
Episode two of our two-part series on cryptocurrency: political theorist Stefan Eich on how crypto fits into Hayek's old neoliberal dream of private money and why that vision emerged in a new form in the wake of the 2008 financial crisis.
Read Stefan's article: static1.squarespace.com/static/5ae8a7b625bf02c0b85aec02/t/5c923c13eef1a1ce843836ff/1553087508427/Stefan+Eich%2C+Old+Utopias%2C+New+Tax+Havens+%282019%29.pdf
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