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[–] 6 points 2 months ago (1 child)

I was really hoping that decentralised finance would be punk and radical, but it was nothing but grift in the end. Part of me even wonders if someone's job was to make sure of it. Maybe they didn't have to though; maybe money is just so inherently evil that it was always going to turn out that way.

You're probably not wrong, I just wish there was a clear way to decisively end it, rather than just walking away and hoping they'll live and let live.

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  • [–] 2 points 2 months ago* (last edited 2 months ago) (1 child)

    The banks win in the end as they earn interest to then provide more money to billionaires who make rash choices in order to feed it back to the banks.

    If you think interest is the biggest problem with banks, you likely don't understand how bad it is, and almost certainly aren't angry enough.

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    [–] 2 points 2 months ago

    Taxing Billionaires and attempting to take away their funds does nothing as it always circles back.

    This just flies in the face of all the empirical evidence. In fact, redistributive taxation is the primary and only effective means of directing money away from the top.

    If you consider the most egalitarian societies today, not only do they have banks and capitalist systems, they also have more egalitarian systems than at any point in human history past hunter-gatherer tribes, and are certainly more egalitarian than agrarian feudal societies that did not have banks at all (which emerged in the late medieval period). At most you could make the case that these systems were slightly more egalitarian some decades ago, but even then the difference is not that significant.

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