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Decentralization, Governance, and Capitalism
This chapter examines the evolution of American venture capital and its historical ties to the whaling industry, while also analyzing the balance between decentralization and centralization in various contexts, including Bitcoin and global governance. It discusses the interplay between national sovereignty, market dynamics, and democratic representation, emphasizing the necessity of global collaboration to tackle pressing issues like climate change. Additionally, the chapter explores the implications of capitalism on democracy and the role of government in financial regulation, reflecting on historical crises and the legitimacy of financial institutions.