The "What is Money?" Show Bitcoin and The Sovereign Individual with James Davidson (WiM162)
15 snips
Mar 28, 2022 AI Snips
Chapters
Transcript
Episode notes
Microprocessors Shrink The Scale Of Power
- James Davidson argues microprocessors lowered the scale of effective power, enabling individuals to wield disproportionate influence.
- This technological shift undermines the logic that large centralized militaries guarantee political dominance.
Smaller Polities Often Outperform Large States
- Davidson says technology makes smaller political entities more efficient and attractive than large nation-states.
- He points to tiny high-performing countries like Monaco and Andorra as examples of superior outcomes.
Preserve Independence And Be Ready To Pivot
- Maintain independence and flexibility as digital-era institutions shift unpredictably.
- Prepare to pivot quickly because timing of changes is uncertain.