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by primroot 2463 days ago
The so-called free market game is naturally rigged in favor of those who have more access to capital. And this includes capital of restricted intellectual property, however free one thinks restricting that capital is. However, even with the advantage of capital, a rich country like the US can find reasons, such as national security, to go against the rules. Agricultural subsidies and the military industrial complex go against the free market. Furthermore the US has a history of close relationships with countries which are in theory its philosophical opposite (Romania under Ceausescu, Saudi Arabia, and more recently Myanmar). Philosophical conflict is just an intellectually weak way of making a geopolitical conflict seem less cynical.
1 comments

It will be quite funny if the US inadvertently makes the traditional market system obsolete by becoming too "sanction happy". Kind of like how they triggered a de-dollarization push...

China already has a crypto Yuan, there is no reason they can't use a Binance style exchange for frictionless worldwide direct investment in their companies.

China: You want to boycott investing in our companies? We'll route around your whole financial system and help make it obsolete. See what happens to the US economy when banks can no longer collect 20% fees on a growing percentage of the world population's transactions.