Bitcoin Can Save Us From The Communism Trap
Do U.S. citizens live in a capitalist society, or have they fallen into the traps of communism?This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, Q is joined by Mark Moss...
Do U.S. citizens live in a capitalist society, or have they fallen into the traps of communism?
This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, Q is joined by Mark Moss, host of a rapidly-growing YouTube channel and the first nationally-syndicated radio show about Bitcoin.
Watch This Episode On YouTube or Rumble
Listen To The Episode Here:
Q: Do you think we have in the United States presently in 2022, a capitalist system in place?
Mark Moss: That's a great question. And … I can give you a good answer for that…
So in the original “Communist Manifesto” book, Karl Marx lays out 10 points of communism. So he says, in order to build a communist society, we need these 10 things. Okay? That's his words, not mine… Quantitatively, the United States has seven of the 10 in place.
So, does that make the United States a capitalist society or a communist society? Well, we have seven of the 10 things.
Q: I do not think we live in a capitalist society.
Moss: It’s a spectrum, right? A lot of people as me like, when was the point that we were the most capitalist? So, it’s a spectrum, right?
If I have to give up 100% of my money that I earn to the State, I’m a slave. If I keep 100%, I’m free. What about when I give 50%? So it’s a scale, right? So we have seven of out the 10, so we’re more communist than free, but it’s a spectrum, right?
Original source
Read on Bitcoin MagazineRelated market context
United States borrowing costs rise amid global bond sell-off, squeezing crypto and traditional markets alike
Rising borrowing costs strain global markets, prompting shifts to safer assets and exacerbating fiscal challenges amid geopolitica...
Iran approves draft agreement with United States via Qatari mediators, Bitcoin watches closely
The draft agreement could stabilize oil markets, reduce inflation fears, and impact crypto's role in sanctions evasion, affecting...
United States drops new demands on Iran deal as $1B crypto seizure adds digital dimension to negotiations
The US's crypto asset seizure from Iran highlights the increasing role of digital currencies in geopolitical negotiations and conf...
Paraguay faces United States in 2026 World Cup opener as Kraken becomes FIFA’s official crypto exchange supporter
The integration of crypto in global sports events like the World Cup could accelerate digital currency adoption and reshape fan en...
SpaceX’s IPO exposes the first crack in tokenized stocks – fragmented ownership and allocation
SpaceX priced its IPO at $135 per share on June 11, raised $75 billion in the largest public offering in history, and opened on Na...
Tether’s Brief Flip of Ether in Value Gives Crypto a Reality Check
Tether's USDT briefly overtook Ether in market value for a few hours, highlighting the growing dominance of stablecoins in crypto....