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RE: Blockchain Technology will be the end of 21st Century Capitalism. Cracks in the Capitalist System are already showing clear signs of failure, making way for a future that will see a Global Tokenized Economy.

in #blockchain7 years ago (edited)

This is well written and laid out, but I'm not sure I follow your conclusions...

First, what are your thoughts about global poverty itself being reduced in the last few decades? Much of this is because of capitalism moving into these developing economies. Granted, the working class of the Western economies are stagnating, if not slipping backward, as far as standard of living. But is that necessarily a bad thing if global suffering is getting better?

I was hoping that you'd go into detail about some of the factors of 21st Capitalism that are the worst you've seen, and the worst many economists​t have seen, in decades. Capitalism is in the worst condition in what specific way?

I agree there is a growing disparity between the wealthy and the poor, and if this is not slowed and reversed, it will lead into a powder-keg situation.

Most of all though - I was very curious to read this to see how blockchain specifically can/will alleviate this situation? But I don't think I saw those details. Would love to hear what you mean in that regard!