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another common scenario is when something old is blamed as THE problem for everything even though it may have been irrelevant to the actual cause
in software companies, blaming some old language/framework or worshipping some silver bullet new language/framework happens a lot even though the REAL issue is almost always an interpersonal relationship problem
it's unclear what would've happened if the gold peg were maintained but given what's happens politically at the company level, i wouldn't be surprised if this twisting of history was even more severe at the sovereign state level
just to steelman history as "what needed to happen" u can make the argument that forced centralization causes indirect impoverishment BUT forced centralization is the only way to defend against another entity's collective action (e.g. nazi germany)
war isn't even necessary. collective action like "closing a border" or "wearing masks" is warlike in that it can potentially widen an economic gap. decentralization cannot defend against collective action w/o becoming centralized itself
the point of decentralization isn't to replace or overthrow centralization. it is to have checks and balances in place so that centralization is incentivized to be useful. w/o a decentralized alternative to compare against, it rots & stagnateshttps://twitter.com/a_yawning_cat/status/1400204734741446656 …
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