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Richard Stallman's Political Notes

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Extreme weather events and voting green

lundi 14 février 2022 à 23:50

*Europeans more likely to vote green after extreme weather events.*

Yanis Varoufakis on cryptocurrencies

lundi 14 février 2022 à 23:50

An interview with Yanis Varoufakis, in which he rejects the idea that cryptocurrencies can reduce the injustice of an oppressive oligarchic economic system.

He describes today's economy as techno-feudalist rather than capitalist, because markets play less of a role than before. (Capitalism, as he defines it, is based on extracting money from most people through markets, whereas feudalism is based on extracting money from most people outside of markets.)

One point he misses in his advocacy of central bank digital currencies to dis-intermediate the commercial banks is the surveillance impact and how dangerous that is. I pay for all the goods I buy in cash, and I would not switch to identifying myself for a central bank digital currency just to screw a private bank.

Varoufakis endorses out-and-out socialism, in which there would no longer be private business. I am not in favor of that radical leap into the unknown -- it could easily make things much worse. However, I find his insights valid and important regardless of that specific disagreement.

If a cryptocurrency exchange goes bankrupt

lundi 14 février 2022 à 23:50

A legal analysis of what would happen if a cryptocurrency exchange in the US goes bankrupt: customers would probably lose all their "deposits", because the exchange is not a bank and the coins are not really a "deposit."

Resist bank mergers

lundi 14 février 2022 à 23:50

Calling on the Securities and Exchange Commission to start resisting bank mergers.

Suing fossil fuel authorizing

lundi 14 février 2022 à 23:50

A group of young people in Virginia have sued the state for authorizing fossil fuel infrastructure that is expected to damage their health and shorten their lives.