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NickSzabo4's profile
Nick Szabo 🔑
Nick Szabo 🔑
Nick Szabo  🔑
@NickSzabo4

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Nick Szabo  🔑

@NickSzabo4

Blockchain, cryptocurrency, and smart contracts pioneer. (RT/Fav/Follow does not imply endorsement). Blog: http://unenumerated.blogspot.com 

Joined June 2014

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    1. Nick Szabo  🔑‏ @NickSzabo4 Jul 31
      • Report Tweet

      The closest we've ever come in recent centuries to controlled political experiments: North vs. South Korea, 1950s-today East vs. West Germany, 1945-1989 Venezuela vs. Chile, 1973-today

      100 replies 409 retweets 1,441 likes
    2. Robert E. P. Levy‏ @rplevy Jul 31
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      Replying to @NickSzabo4

      I more or less agree with you but critics can argue that the political/military force on the side of Capitalist states globally was the key deciding factor in those outcomes, such as America waging economic war against Venezuela for example.

      1 reply 0 retweets 6 likes
      Nick Szabo  🔑‏ @NickSzabo4 Jul 31
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      Replying to @rplevy

      Most of these socialist regimes spent a far greater proportion of their economy on military than the corresponding capitalist one.

      8:38 AM - 31 Jul 2019
      • 19 Likes
      • Stoop to Rise 🕊️ Bryan Boone OC BitcoinFan Cypherpunk Rod Laurenz Riding Unicorns to the Moon damiendonnelly identifying as something I'm objectively not
      2 replies 0 retweets 19 likes
        1. New conversation
        2. Robert E. P. Levy‏ @rplevy Jul 31
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          Replying to @NickSzabo4

          But yet globally outgunned politically speaking, no?

          1 reply 0 retweets 2 likes
        3. Nick Szabo  🔑‏ @NickSzabo4 Jul 31
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          Replying to @rplevy

          Only to the extent that they were far more outgunned economically. P.S. North Korea militarily outgunned South Korea, and the Soviet Union's nuclear arsenal matched the megatons in the U.S. After the Korean War neither could seriously threaten the other in these countries.

          1 reply 0 retweets 9 likes
        4. Robert E. P. Levy‏ @rplevy Jul 31
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          Replying to @NickSzabo4

          That's a good point, maybe it was closer to a real controlled experiment than I thought. I wonder if someone could use Judea Pearl's tools to sort this all out. Anyway it's fairly obvious that individual liberty is a powerful force. Imagine a society with actually free markets!

          1 reply 0 retweets 8 likes
        5. cheaprentalyeti‏ @cheaprentalyeti Aug 1
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          Replying to @rplevy @NickSzabo4

          1/4 This is the wrong format for trying to get this across... but the situation in Venezuela was and is complicated by the multiple-personality problem that socialism and Socialism/communism/Communism has.

          1 reply 0 retweets 1 like
        6. cheaprentalyeti‏ @cheaprentalyeti Aug 1
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          Replying to @cheaprentalyeti @rplevy @NickSzabo4

          2/4 Originally, it was an political/economic theory thought up by two guys in 19th century Germany and England, but has been constantly reinterpreted through the needs of Lenin, Trotsky, Stalin, Mao, Brezhnev, Pol Pot, Deng, etc...

          1 reply 0 retweets 0 likes
        7. cheaprentalyeti‏ @cheaprentalyeti Aug 1
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          Replying to @cheaprentalyeti @rplevy @NickSzabo4

          3/4 Chavez basically came to power saying "Let's help the poor people like Karl said we should" but then came in and decided he had to take action to help his allies like China and Russia, and on (his) principle Fight Back Against The US.

          1 reply 0 retweets 0 likes
        8. cheaprentalyeti‏ @cheaprentalyeti Aug 1
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          Replying to @cheaprentalyeti @rplevy @NickSzabo4

          4/4 But while he's being a "Communist Bloc" communist, Russia and China are basically running their countries like medieval Italian city states. They have conflicting needs, but neither cares about the average Venezuelans, who no longer have input in Chavez and Maduros actions.

          0 replies 0 retweets 0 likes
        9. End of conversation
        1. R. Escalona‏ @redocoder Jul 31
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          Replying to @NickSzabo4 @rplevy

          Then, they break the state, and the narco-era begins, Venezuela example.

          0 replies 0 retweets 1 like
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