Bankless 88 - Forward With Crypto | Andrew Yang
Oct 18, 2021
In this engaging discussion, Andrew Yang, a former Presidential and Mayoral candidate and founder of the Forward Party, delves into the intersection of democracy and cryptocurrency. He advocates for innovative political reforms like open primaries to break the two-party system's hold. Yang argues that the Forward Party can represent the crypto community, emphasizing the need for new governance models. He highlights the challenges in current banking and tech structures, showcasing how these innovations can lead to a more cooperative and open democracy.
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System Designed to Fail
- America is stuck because the government is designed to fail.
- Politicians are rewarded for blaming others, not solving problems.
Deserved Distrust
- Institutional distrust is warranted because many institutions have failed.
- There's often no one held accountable, leading to resentment.
Banking System Inefficiency
- Andrew Yang struggled to distribute UBI through established banks due to bureaucracy.
- He eventually succeeded by partnering with a nonprofit that already had the necessary relationships.
