'Karl Marx would see bitcoin as a revolutionary tool to upend capitalism'
https://news.yahoo.com/karl-marx-bitcoin-revolutionary-tool-capitalism-crypto-mile-072727613.html
Dr Wolff Interviewed
about the blockchain's potential to democratise the workplace and lead to less work and more leisure unless it is "subordinated by the present capitalist economic structure".
His views:
"When it comes to crypto, Marx would say it is a distraction, but it also carries the seed of something beyond the mind-numbing condition that capitalism has brought us," Professor Wolff told Yahoo Finance.
"Bitcoin could be part of a revolutionary agenda.
"But it would have to be struggled for, because there are powerful forces that want it to be nothing of the sort, and would want it to be another servant of the same system."
Professor Wolff described the latest rush to own crypto-assets as "correlating with record sales of lottery tickets".
Somehow I doubt his take on Marx's views (I mean other Marxists would disagree with Dr. Wolff here).
But this brings us to where Bitcoin stands in this debate.
In the unlikely event crypto moves to the next stage (large-scale real adoption of government-less P2P currency, etc), is that good for capitalism? Can it lead to true capitalism, corrupt capitalism, socialism, etc? Will it be good for society?
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