Friction Statement
From The Crypto Liberationist, at the intersection of anarchism & emerging financial technology
Introduction: What to Wear to a Fire Sale
We’ll take as a starting point that the current financial system is flailing. The dollar–that symbol par excellence of the USA’s projection of global power– is going the way of Rome’s old money; it will have less and less clout as the empire backing it declines. It’s been a neat trick that the global financial system, so dependent on US hegemony, has survived this long (and, as its defenders enthuse–with such resilience!) But to take a real look at the world? Post-Covid, post-Trump, post-summer-of-protests? Nothing has been solved; all of the problems exposed over the past year remain and are indeed intensifying. Headaches for the poor, headaches for the rich, a useless ibuprofen for everyone.