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Leftists must finally take notice of – and buy stock in – bitcoins

by Ramin Mazaheri

Part 5 - Leftists must embrace bitcoins immediately and without reservation

Right now, bitcoins are continuing the rather unfortunate trend in the US of libertarians being at the crest of the political wave. Their anti-authority/pro-liberty/anti-spying stance is, after all, quite compatible with countless aspects of socialism in the digital age. True leftists have repeatedly lamented that fake-leftists dismiss libertarianism, the Tea Party, Trumpers, etc., without even examining their ideologies and giving credit when it is justified.

But this is the reality: The potential of bitcoins to empower the individual AND the collective is greatly threatened by the libertarianism/voluntarism which currently dominates the bitcoin community of early adopters. Their view is typical of the Arizona rancher who forgets that he sits on stolen Apache land, refuses to pay for air conditioning in government offices or schools and cares for nothing but ensuring his own prosperity.

In short, American libertarianism is synonymous with “radical individualism”: that’s why during the recent two hurricanes CNN could interview an economist for a segment asking, “Is price gouging during emergencies a good thing?” and actually get away with it.

No, you must be banned from selling bottled water for $99 per case in hurricane-hit areas; yes, the government should requisition your stocks for trying, you anti-social bastard. But this idea of “my rights, my rights, MY RIGHTS”, this complete abdication of collective solidarity, is widespread in America, and CNN likely added a few more converts….

During the hurricanes the US media constantly repeated: “Now THIS is where the government should step in,” as in, “Finally, we have a good use for regulation”. This is a renunciation of the idea that an individual has social responsibility, and it is morally appalling.

Again, bitcoiners, the problem is YOUR capitalist government: Cuba’s hurricane preparation is the best in the region, with officials who were tasked with post-Hurricane Katrina saying “We could be learning from them.” You are 15 times more likely to be killed by a hurricane in the US than if you are in Cuba, and that’s despite the international blockade on things like building materials leading to innumerable, dangerous old buildings. Bitcoin can circumvent this and reward good governance; too many bitcoiners think “good governance” is an oxymoron.

Well, if bitcoin is going to improve the world – and the many bitcoin evangelists swear that it will (and I believe them) – they must leaven their quest for personal empowerment/MY rights with the moral demand for collective unity that is only found in socialism.

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