>>20996749You can't sell corn for less than it costs to produce, unless you pay people to grow corn. This is a supply-side subsidy, social spending acts as a supply-side subsidy for labor, if a worker needs $x to exist they CAN'T sell their labor for less than $x, but what happens if we give them food stamps, subsided housing, Medicaid etc? Well now they can sell their labor for less than it costs to produce!
But wait! How were those social programs paid for? Deficit spending? You mean counterfeit money? Exactly. Deficit spending is an expansion of the money supply (simple dilution), it robs ALL income earners and gives to asset holders (as an increase in money supply will naturally inflate assets) THIS is the driving force of the wage/productivity divergence seen since the 60s.
Your enemy has always been statists debasing, debasement is an insidious way to extract resources from the superorganism, and the worst part is that the direct cost is infinitesimal compared to the systemic economic cost of corrupting the price signal of money. Bitcoin unironically solves everything, it is a trustless fixed unit of account so can be encoded with a high fidelity incorruptible price signal of money just by using it for the unit of account functions (e.g. long term savings) that BTC can satisfy. We don't need to dethrone the oligarchs, we can just cut them out.
