Why would I want to pay capital gains taxes on things I order online? There is also the obvious problem that spending your Bitcoin is foolish because it is deflationary. Remember the Bitcoin pizza?
Again, there are some institutional investors dabbling in this, but I would like to see evidence that this is more than a rounding error in terms of Bitcoin's total market cap.
The book is great and Matt Walker is one of the leaders in the field of sleep study. There are numerous studies backing what he's written - even though there were some inaccuracies with some of the citations & ways he presented some facts, that is entirely expected in a book presenting thousands of such facts, and the author is planning on fixing all in the upcoming revised edition.
This is the reason I switched to an iphone this year after 10 years on android. Everything I loved about Android devices is dead and they are now while at least Apple respects privacy.
On that last part, I will confess it's unclear to me what the greater moral failing is between the 100s of thousands of elderly deaths, and lost economic growth. It comes down to how much is actually lost of course, and while I do believe what we're collectively going for is a good middle ground, I think also a lot of people don't really understand the magnitude of effects of economic growth over long periods of time.
The difference between growth of 2% and 3% are enormous 50 years down the line, and may very well translate in many more deaths due to poverty and disease, as well as a great quality of life difference for billions of people (among many other effects).
You wouldn't call a president that by all means takes from the poor, and gives it to the rich, to himself, and to children as corrupt? How about many, many senators who are doing the exact same thing? How about a prime minister that does the same?
There is just as much corruption in the developed world as there is in ex-Soviet countries.
I feel like taking from the poor and giving to cronies is a thing that also happened under communism (and a good chunk of contemporary 'socialist' states, and to a less horrifying extent, gas and water socialisms like Western Europe). This is a generally predictable outcome of state-led socialism, as predicted long before actual implementation of state socialism, by early socialists like Benjamin Tucker and others like Bastiat in the mid 19th century.
I guess my point was that OP was implying capitalism has no or considerably less corruption, when in reality, this is not true.
I'm not sure an ideology necessarily creates corruption. I'm not advocating for communism or capitalism or anything else, but when the UK PM is okay to start a multibillion dollar novelty project (London's Garden Bridge) and give that contract to his buddies, or the US president can literally charge the US taxpayer over $100 million to golf at his own golf course in less than four years, you cannot claim to be the better person. Capitalism sucks. Communism sucks. Instead of bashing one and praising the other despite both of them being immensely flawed, isn't the solution.
Also why my original comment is flagged is beyond me.
Many western countries had similar strongmen. Some even had a bona fide royalty class, lording over common people, and then their sons, and grandsons lording in turn...
That aside, modern Russia has tons of capitalists... Crony capitalism is still capitalism, and there are tons of proper companies there besides. Not everything is owned by some government-friendly mafioso. But when a regime collapses, like USSR did and there's a power vacuum that's what usually evolves for a while...
> That aside, modern Russia has tons of capitalists
They are the least protected class, who live under constant threat of business extortion by corrupt government clerks. That's pretty much the opposite of "cut-throat capitalism".
>They are the least protected class, who live under constant threat of business extortion by corrupt government clerks.
Not exactly, they are the ones who are friendly with the corrupt government clerks. It's not like government trumps capitalism, it's more like capitalists own friends in high places...
Corruption is not a specific trait of ex Soviet countries, I would argue that it is more rampant in capitalistic countries, where money can buy favourable regulations (see tobacco or oil industry as an example)
To be clear I'm Italian, I don't think life in Italy is worse than in many other western countries, I would say it's generally better, especially for the medium-low income segment of the population
PCI (the Italian communist party) obtadined regularly a third of the votes until it was disbanded in 1992
I don't think it ended up in horror or that it made Italy a place in ruins
Corruption was very popular here in those years, but the government have been anti communists for 50 years straight from the end of WW2 until 1998, when the first former communist, Massimo D'Alema, became prime minister.
Honestly, it's not going great for "the greatest democracy of the world"
What I want to point out is that absolute systems (100% this or 100% that) don't work because masses of people are not 100% something
There's nothing inherently wrong in communism, it's a great idea, it's just not for everybody all the time, just like American hyper liberism is good for some and bad for many (redistribution skewed towards the richest, social injustice, expensive health care and all of that...)
How about this instead, I give you Cuba, that seems like a good example I think, at least I am not aware of any major henocides there and they have been attempted strangled for a number of years so not only their fault.
By killing roughly 20 millions of its own citizens?
By forcibly deporting the whole nations from their homeland to a different part of the USSR?
By forcing the surviving rest into poverty?
By enslaving other countries for half of the century?
I'm always surprised how unaware people in the West are of all of that (unlike Nazi crimes which are well known).
You might think that Hitler was the most evil person of all the time, but Stalin really tried his best to outdo him (and succeeded, some would say).
EDIT: Actually no, I'm not surprised that Western countries forgot about Stalin's atrocities. It was a deliberate choice - in order to win World War II Churchil and Roosvelt needed Stalin as an ally, but they couln't admit to their societies, to their voters, that they made a pact with the devil, so they made sure that Soviet crimes are forgotten.
I agreed with some of the interventions (Bosnian war 1992), I didn't with many others, as an Italian seeing the bombing in 1999 in Kosovo from the other side of the Adriatic sea was heartbreaking (you could actually see them at night, the sky became as bright as the day!).
Many of my friends at the time were balkans running away from the previous wars and coming to Italy.
I actively protested against the wars in Iraq and Afghanistan, against the bombing in Libya, against Guantanamo, against Abu Ghraib tortures, against their policy of using drones that killed a lot of civilians in middle east, testified by wikileaks documents.
You have to remember that they moved the war to our doors in Europe, we lived them, we still suffer the consequences and, more than us, many of our human brothers are still running from them.
Please, try to understand US imperialism is no better than anybody else's.
Also, my entire family was communist in Italy, they fought against the fascist regime in Italy, they went to jail for it, fortunately many of them survived, by sheer luck.
Please, before lecturing us about communism, at least try to learn the many faces of it in history.
Stalin is just the easy winning argument (he died in f*ing 1953, USSR lived almost 40 years after his death!) like pretending US is McCharty, Trump, the KKK and the institutional racism.
Also: US recruited many nazi generals after the war that gave away secrets in exchange for new identities, money and immunity, so, not really a surprise that there are nazis running the US right now
So you are taking responsibility for your country's wrongdoings?
I am from Rome, a place with quite the history, it's not that bad either.
Hironically the best Major that my city remembers (regardless of the political ideology) is Luigi Petroselli, elected in 1979, in office until the day of his death and a member of the Italian communist party since 1950, when he was 18...
