Earlier quoted context omitted.
Like rock paper scissors, there are multiple dimensions to power and the state doesn’t always possess all of them. Media being the most obvious one (fourth estate). Federal bank another. As the split of government and parliament.
The media has died though, ‘no one’ watches the MSM under 30, everyone is online in their safe space.
Terence Tao: The role of small organizations in society has shrunk significantly
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Re: Terence Tao: The role of small organizations in society has shrunk significantly
#412Earlier quoted context omitted.
I would compare "larger businesses" with "socialistic planning system" while "smaller businesses" with "free market economy". There are examples when centralized planning got good results - NASA's Apollo project is an example. There are also examples when market economy - eventually, in the long term, not short - prevailed: the Cold War is an example here. It's also quite possible the analogy is flawed though.
It is also very hard to separate “socialist planning system” from “Russian Empire”. It isn’t like things were going swimmingly in Tsarist Russia and then they reentered a golden age in the 90s. If anything this socialist system brought them to the height of their power and influence.
I would argue that "socialist planning system" had its successes, but in the long run didn't survive the competition, at least in the case of the USSR.
Re: Terence Tao: The role of small organizations in society has shrunk significantly
#413Earlier quoted context omitted.
The media has died though, ‘no one’ watches the MSM under 30, everyone is online in their safe space.
YouTube has gone mainstream.
Re: Terence Tao: The role of small organizations in society has shrunk significantly
#414Earlier quoted context omitted.
Isn't this part of why crypto has been so successful — at least outside the U.S. where the fiat currency isn't as stable?
I think it's part of the reason Bitcoin has been successful - it's a store of value that governments/banks can't inflate away, similar to gold. But crypto has also made US dollar stable coins popular, which are arguably better than holding some hyper inflating currency like the Argentinian Peso, but the holders of those stablecoins are still "taxed" when the US government/banks inflate the currency (and are worse off…
Isn't Bitcoin (or Ethereum, or Solana, or whatever your L1 favorite is) itself the "internet-native stable coin" we want, except for their lack of stability? In other words, if we didn't have a need to exchange into local currency, what remaining need would there be except for lower price volatility?
Re: Terence Tao: The role of small organizations in society has shrunk significantly
#415Re: Terence Tao: The role of small organizations in society has shrunk significantly
#416In the early 1800's Alexis de Tocqueville attributed a lot of American success to its small organizations/associations: "There is nothing, according to me, that deserves more to attract our regard than the intellectual and moral associations of America.... In democratic countries the science of association is the mother science; the progress of all the others depends on the progress of that one." [0] https://press.uc…
Re: Terence Tao: The role of small organizations in society has shrunk significantly
#417Re: Terence Tao: The role of small organizations in society has shrunk significantly
#418Re: Terence Tao: The role of small organizations in society has shrunk significantly
#419Individuales are now even more disconnected. Everything can be solved by "chatting with an AI", instead of your friends, your mentor, your close relatives and such.
Re: Terence Tao: The role of small organizations in society has shrunk significantly
#420In the early 1800's Alexis de Tocqueville attributed a lot of American success to its small organizations/associations: "There is nothing, according to me, that deserves more to attract our regard than the intellectual and moral associations of America.... In democratic countries the science of association is the mother science; the progress of all the others depends on the progress of that one." [0] https://press.uc…