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https://warpcast.com/~/channel/cryptoleft
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@purp
Til that Yanis Varoufakis wrote a book about a post capitalist utopia society and that society used blockchain Big L's in chat for the sweaty nerds who cry about the left being anti technology
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gFam.live (UrbanGladiator)
@gfam
Truly, the reason I got into blockchain was for all the huge lefty potential.... and I find it super upsetting that its got a (well deserved) reputation for being scammy. Did YV write a fiction book with characters and a story, or is it more a potential future vision?
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@purp
From what I've seen it described its a speculative fiction book about what his post capitalist world would look like, here's good interview hes anti crypto for replacing dollar( but on economic grounds mainly) but seems generally pro nft metaverse daos and blockchain https://the-crypto-syllabus.com/yanis-varoufakis-on-techno-feudalism/
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Evan
@evangreenberg
Have you read it? I’m not really seeing a way of getting to a world where capitalism is removed, but NFT/DAO/Metaverse still exist
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@purp
I've not but from what I've seen on block chain use in book, its ledger for monetary value as well as like deeds, he says this in the interview I shared. Daos id imagine some combination of what we consider dao thought mixed with Kibbutzim/ any other historical agrarian communal structure I am probally going to buy me a copy soon though and read it( im not huge on post capitalist utopian theroy though )
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@degencummunist.eth
Sooo I have the book and the jist of it is a character from our world open basically a portal to an alternate universe version of our world where everything was the same, up until the 2008 financial crisis wherein a bunch of ‘crypto anarchists/communist market manipulators’ strategical crash the capitalist’s mode of production via the stock market. The rest of the book dives into how in the year I think it was 2020/25ish the world works and it’s basically cooperatives galore and anarcho-syndicates of coops governing global production at the top level
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@evangreenberg
Why are the cooperatives operating? What is their incentive structure? Is it just “utopia and everything is for the good of everyone”? Is there anything “wrong” in the society or is it true utopia?
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@degencummunist.eth
No such thing as true ‘utopia’ here. Just meaningful shares of ownership for everyone throughout society. One of the first things they did was abolish the stock market and basically give everyone a part ownership in all companies, then those dividends get collectively dispersed universally as a natural dividend opposed to a flat UBI thing
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@evangreenberg
Why do you need more than one company doing a task in that case? Does the system devolve into monopoly only?
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@degencummunist.eth
No, it’d still have small biz/cooperatives that get grants but don’t compete necessarily, they cooperate within larger syndicates of coops
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Evan
@evangreenberg
Small biz? In the article, he seems open to handing over a company like Amazon or Meta to this system. Are they then dismantled into smaller businesses? How does that create the same dividend to everyone?
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@degencummunist.eth
‘Handing over a company like Amazon or Meta to this system.’ Can you elaborate more on what you think ‘this system’ entails? Like what’s your impression of how syndicates/coops work?
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Evan
@evangreenberg
I don’t really know, which is why I’m asking. If the stock market is gone (also a main way they continue to fund operations) and everyone owns stock in all companies, then who is running Meta for example and why And why are they providing any value to the stockholders? Is Zuck still there or is he in the gulags (and why would he still be there)? Who is in charge, how do they know how to run a tech company, and why are they doing it?
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@degencummunist.eth
Alright so I see we need to start from the beginning then. So Zuck would remain in his position, with a tremendously reduced ownership share of the company/salary, only if* all the workers agreed that his contribution to the company was deemed invaluable and necessary to them. He would be chief of the company only at the pleasure of those that work for it. Which imho is a much more meritocratic/badass way to run a company vs with shareholders and endless profit seeking/exploitation. You lead only at their leisure.
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