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Capitalism, Credit & Crypto - The Eternal Search for Balance

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From the 1920s Great Depression to the Gold Standard, Bretton Woods, and the 2022 Terra/FTX collapse, history keeps teaching the same lesson: we cannot replace the banking system; we can only polish it into something better.


By the late 2000s, many people understood that commercial banks create money when they lend and started to lose trust in centralized institutions. Crypto came as the utopian thinking that often returns after collapses: decentralized networks would remove the need for trust.


But the irony is that the system works, even when recent events rekindled interest in socialist and post-capitalist ideas among younger generations.

The long-term value of digital assets does not depend on replacing the banking system but on working together with it.


 
 
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