[pphysch]

It is worth ruminating on how this 21st century Tinkerbell Griftopia started.

Most of the proponents would have grown up roughly within the period 1991-2008. After the Cold War, before the Global Financial Crisis (GFC). The zenith of neoliberalism. The globalized USD seemed invincible, a worldwide Tinkerbell.

Then the GFC happened. The USD-based system was not infallible after all.

But it is hard to overcome our conditioning. Rather than evolve beyond the financial Tinkerbell mindset, increasing numbers of disillusioned have looked for a new Tinkerbell to believe in. Just listen to one of their slogans: "Fix the money, fix the world". Bitcoin happened to pop up also in 2008. The stage was set for a Tinkerbell revolution.

My prediction is that the money will never be "fixed", and the global economy will continue to migrate away from the free-market financial Tinkerbell model of the last 75 years and towards computer-driven allocation and trading systems between sovereign governments and global corporations. For example, Ford Motor just inked a (non-binding) partnership with Global Foundries for car chips. Expect to see a lot more of these bilateral economic partnerships and less free-market chaos over the coming decades.