Socialism breaks down because of problem solving having to jump through so many middlemen:
taxpayer > tax collectors/police > politicians > beaurocrats > producer > benificiary
So much value gets lost along the way, but also suffers from distance between person wanting to solve the problem and the solver/producer.
Capitalism in the ideal case is:
Person with need <-> Person with solution
The tightest loop is a person solving their own problems, self-sufficiency.
A clear lens from Max Hillebrand, ~1h10min into the episode.
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Once Bitten! A Bitcoin Podcast. • Wen Group Chats For NOSTR, Ser? #589 Max Hilebrand. • Watch on Fountain
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Today's guest on the show is Max Hilebrand, who joins me to discuss...