DeFiant

Boom and Bust

The decentralized finance boom of 2020 showed the public’s appetite for disruption in the most important sector of the world’s economy. Whether it be Central Banks or entities like the World Bank and the IMF, most people were content to let those matters be handled by the experts. Sadly, they’ve done little to alleviate the recurring problems of the global system, and these failures leave people susceptible to austerity and cycles of poverty.

We see the same patterns playing out over and over. In a bygone era, it was Standard Oil trying to monopolize its industry and stifle competition, just like Amazon today. It’s just Jeff Bezos this time instead of Nelson D. Rockefeller. The excessive borrowing and speculation of the 1920s before the stock market crash resembles that of the mid-2000s. The corruption of our elected and unelected leaders differs little from the graft and cronyism of Boss Tweed’s New York.

Courtesy of the Florida Center for Instructional Technology.

Access Granted

In the past, a leader would occasionally come to the fore and do what needed to be done. The trust busting of Theodore Roosevelt, the labor efforts of Eugene Debs, the New Deal policies of Franklin Roosevelt, and the economic populism of Martin Luther King, Jr. all addressed the ills of a capitalist system when it lacks common sense regulations and safeguards. With more money in politics than ever, today’s leaders show no…