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Nevertheless, the fact should remain that Austrian Economics is infamous for its beliefs that capitalism has always existed and that economics began not in primitive accumulation or ritualized gift economies, but in barter. There are no changes in economic modes for the Austrian, and the long history of the temple in the development of money, loans and credit is completely ignored.
Thus, for Moldbug, the history of modernity is reinvented as a wrong turn—the rise of Christian radical egalitarian movements through the Whig Party who sought to undermine the rights of the absolute ruler as private owner. The way Moldbug sweetens the anti-democratic rhetoric of Hoppe is with recourse to Thomas Carlyle. Although now largely unread, Carlyle was one of the most widely-popular political and historical authors of the 19 th century, infamous for his impassioned appeals against laissez faire abandonment of the poor to poverty and starvation see esp.
Carlyle , esp. Moldbug 1 especially wants you to know that he cares , that in the Great Man looks like Steve Jobs because Steve Jobs is cool and cares too. When Moldbug b, argues that black Americans living in the ghetto should be forcibly re-educated in panopticon communities, this is because he cares compared with liberals who have abandoned them to crime and welfare. Levy Yet, just when we might be expecting Moldbug to try to fold chattel slavery into some kind of wretched anarcho-capitalist discourse that it was just another form of harmless voluntary wage labour all along and he does very nearly get there , he instead takes a sharp turn towards romanticising feudal hierarchy and comparing it to the strict efficiency of Japanese companies.
In a direct homage to Carlyle we find him castigating liberalism for allowing Haiti to become a failed state. The new corporate Great Men feudalists of the 21 st century will treat them very nicely, thank you very much indeed. Seen in this context, Moldbug is doing very little that is original.
Hang on—Amazon already does that. What Moldbug is doing is part and parcel with a certain kind of Enlightenment ideological discourse and genealogical fallacy—compare anything to a religion, you demystify and delegitimise it; if you find that something actually has religious roots this is thus even better for delegitimising it as fantasy.
As an educated leftist religious lunatic, I am not fazed one iota by this. One could simply stop here and say no more, but what Moldbug and Gray are up to has in itself very particular crypto-theological roots worth discussing. Man is a wolf to man; life is nasty, brutal and short under the state of nature. For Gray the political religions have been a psychotic disaster unable to grasp Neo-Darwinian cosmic indifference.
Gray , Black people included. Yarvin b. What hard cruel realism! But, strangely, Moldbug has close to nothing to say about Hobbes, except perhaps a passing comment or two that in the 17 th c. Nostalgebraist But then again Moldbug has nothing to say about the Middle Ages at all. History starts with absolutism as though it had always been in place. Nonetheless, Moldbug cannot escape from Hobbes and his legacy so easily. This attitude developed from the rising emergence of a society that had uprooted and alienated agricultural labour, professionalised governance and established its grip on the New World primarily through piracy.
Man is a very fallen and wicked little animal indeed to the cynical leveller and this, so Milbank and Pabst claim, continues to haunt the Anglo mindset through John Locke, Bernard Mandeville and Thomas Malthus, down to liberal selfishness in the present. Perhaps Norman O. Nonetheless, as Jean-Pierre Dupuy , has argued in Economy and the Human Future there is something very similar to the dominant neoliberal view of the almighty economy today and the Calvinist belief in predestination—that only God knows who is saved and who is damned and that any and all human good and bad works are powerless before it.
Land is torn between, on one hand. Pickstock , Land, so one might say, seems to have exchanged the fantasy of pure difference in favour of all too ponderous identity in the form symbols like cyborgs, post-human supermen and AI overlords. These were symbols cooked up in the atmosphere of the Post-War Boom, when people were a great deal more confident that both Paradise and imminent Judgement Day were at hand; but then, like the millennium, these have remained put off, not yet , for all the rumours otherwise.
Land has a long history of being a hyperbolic contrarian, a sort of pantomime Satanist of theory. Thus, one thing then seems clear about NRx. But does it really? Let us turn things around for a moment. It is very easy to acknowledge that the old meme of conservatism and reaction being based entirely in irrational fear and ignorance is a popular one, evidenced, obviously, by recourse to the shorthand of bigotry as -phobias.
However, when I have put it to common or garden progressive types that they also seem to draw a great deal of their politics from threat perception and fear climate change, the return of fascism, theocrats, that bigoted language is implicitly violent , one is often met with the reply that yes, but these threats are real. Out come the charts, out come the think-pieces and rarely is anyone ever convinced that anything but strategic silence and bad faith is at work.
It is very dangerous! It seems almost impossible to imagine such a thing. That should be concerning and perhaps a little shameful. But how did Moldbug get there? Social habitus of course plays a very important part in the formation of the political Two in our age. This is especially obvious regarding NRx, which seems mostly peopled by college-educated middle-class white guys reacting with boredom towards the largely left liberal cultural pod in which they have been raised and educated.
Reaction promises a totally different series of moral imperatives and threat-perceptions, an exciting virgin land untouched by hardly a soul smarter than a rock since the days of Real Existing Fascism. My beef with progressivism is that for at least the last years, the vast majority of writers and thinkers and smart people in general have been progressives. Moldbug c. Even though a complex reactionary news-ecosystem now exists, there still remains a profound need for reaction to distance itself from the image of the conservative as the angry uncle shouting at Fox.
As a friend once put it—you piss off anarchists by telling them to move to Somalia, you piss off Marxists by telling them to move to North Korea, you piss off Neo-Reactionaries by telling them to move to Alabama. Oh, no. We are still living it. Will he concede things to each of these ideologies? That one would not be hard at all to imagine, nor a Yarvin of slavery with UBI, nor a Yarvin that simply repeated everything from between Moldbugs all at once.
The libertarian inversion of this, to find the market eternal and the state a parasite, is a marvellous delusion indeed, and one of very recent invention that is belied by the fact that the movement so easily flirts with authoritarianism and even outright Fascism when it gets frightened. Nonetheless, of course the libertarian refrain always remains that Fascism is a leftist qua collectivist movement.
Moreover, in early , following concerns by the Mises Institute over the white nationalism of an upcoming book titled White, Right and Libertarian , for which Hoppe had agreed to write a foreword, Hoppe retracted the foreword and distanced himself from the author Rachels What can we make of all this? Should we concentrate on the phylum of reaction that is clearly fascism qua hypertrophied authoritarian capitalism and desire to get a better look at its subspecies, we find ourselves caught in a strange triangle of a sort.
On a third we have good old fashioned, blood-soaked Pinochetian brutalism, Leviathan with its sword raised. In this triangle no single side can be folded into another—each continues to haunt the others. In this we should not pass over the fact, once again, of the plurality of Moldbugs. Moldbug 2 is far closer to Pinochet, as too would Moldbug 3 very likely be. That the American Left in the second half of the 20 th century was so keenly and myopically willing to abandon Christianity as something primitive and irredeemable, fit only for the bigots, is perhaps one of the most politically foolish decisions ever made.
Back in the s epochal thinkers like Norman Brown and Theodor Roszak understood well that they were the inheritors of the tradition of radical non-conformists like William Blake. More than any public figure in recent memory Williamson with her message of politics-as-love and Course in Miracles embodies a bizarre distillation of the weirdest aspects of non-conformist Christianity that could only still be cooked up in America.
But one rarely finds a New Age hack interested in politics, let alone one with practical proposals on matters such as reparations and climate change to the left of just about all of her competitors. Williamson was always very unlikely to get anywhere, and the American Left were particularly cruel to her. He blogs at Mechanical Owl. This drew a fair amount of momentary media attention. See Auerbach in Slate , and, for comparison, Bokhari in Breitbart on the issue.
In comparison Moldbug b esp. Moldbug even as a quasi-Platonic scheme of degeneration of a sort. Schmitt fears a world without conflict; Moldbug fears chaos.
It bleeds, in fact, like a stuck pig. When we do accounting in a diluting equity like this, the rational way to track our positions is not by the number of shares, but by the percentage of ownership. Fortunately for those who live in America, normalized accounting also shows us that consumer prices in America are constantly dropping. Price deflation is the rule. Consumer price indexes show negligible price changes in non-normalized accounting, not only because they are fudged and rigged, but because prices are set by dollars competing for goods.
Because American spenders have fewer and fewer normalized dollars to spend every year, normalized consumer prices are also dropping. But the quantity of these normalized dollars is constant, so they have to go somewhere. Where do they go? To Asia and to rich people, generally. If we look at the prices, normalized or not, of the assets that Asians and rich people buy, we see these prices going up.
Rather rapidly. So, for these people who hold quite a few dollars , the dollar is a rather poor store of value. Because it seems unimaginable that USG will repair its hemorrhaging finances, the opportunity exists for a sounder monetary standard to outcompete its notes. However, it is only an opportunity. USG, now and for the near-term foreseeable future, can kill Bitcoin dead as a stone by rendering it ineffective as a store of value, simply by using its gargantuan physical force to prohibit exchange of Bitcoin for dollars.
Even a credible threat to shut down the exchanges will result in an enormous demand to flee from Bitcoin, effectively popping the bubble. If the exchanges are really and truly killed, there will be a billion dollars of Bitcoin market capitalization that has no practical way to escape.
The holders of this Bitcoin will write it off as worthless—like South Sea or Mississippi Company stock. True, as a result of USG actions, their personal net worth might drop vertiginously in an afternoon. As with any bubble that pops. So, just as years ago, no political resistance can save the bubble. On the other hand, suppose Bitcoin is money?
At this point, I can guarantee it. Either USG will kill Bitcoin, which it can and probably will, or Bitcoin will be the new monetary standard. On the other hand, there is no better way. In a world in which the entire pool of savings energy has moved to Bitcoin, what is a dollar worth?
On the one hand, enormous dollar debts exist. On the other hand, those debts themselves must be valued as securities in Bitcoin. As the BTC price increases into the millions, the purchasing power to pay off all the dollar debts—simply by cashing in a few Bitcoins—appears with it. There are no significant Bitcoin debts, and nor will there be any until the transition has completed.
This is a scenario in which no one wants to hold either dollars, or dollar-denominated debts, because the purchasing power of these assets in Bitcoin is constantly decreasing. Note that it is already decreasing—at quite a rapid clip. The dollar is now the bubble, and devil take the hindmost. The savings pool evacuates this bubble, but it does not evacuate evenly or all at once. Rather, those who get out first like Rick Falkvinge! Those who get out last, however, can see a fortune shrink to a pittance.
This is classic hyperinflation. A currency never hyperinflates by itself—it always hyperinflates relative to some other medium of saving. There is always a savings pool, and always an overvalued asset. Tangible assets—stocks and real estate—do better. Across a monetary transition, a house remains a house. You can still live in it. On the other hand, the price of a house or a stock, relative to cash, is determined by interest rates.
Before the reboot, it is determined by USD interest rates. After the reboot, it is determined by Bitcoin interest rates—which are effectively infinite during the transition, and relatively high even when the savings pool stabilizes. Why relatively high?
Because they reflect the actual collective time preference of savers and borrowers, rather than the political incentives of Professor Bernanke. We have no way of knowing what interest rates in a free market would look like—all we know is that ours are way too low, resulting in extreme malinvestment and way way way too much debt. But the most significant effects of this unlikely, but awesome, transition are political.
Rick Falkvinge , who to be frank could be easily mistaken for a goddamn hippie , has only begun to imagine them. Yes, a world in which governments were subject to ordinary accounting reality, and could not fund themselves by expanding their balance sheets, would be a very different one.
But even more important—money is power. Today, power remains in the hands of the great fortunes of the early 20th and even 19th centuries—the Carnegies, Rockefellers and Fords, not to mention the many lesser billionaires gathered under their umbrella. The greatest of these fortunes have of course passed out of individual hands and into those of foundation managers.
As with Obi-Wan, this has not lessened their power at all. When instead of being determined by whose ancestors cornered oil in , the distribution of great fortunes is determined by who bought Bitcoin when 10K BTC would buy a pizza—really, a no less arbitrary function—we see the balance of wealth, and hence the balance of power, in the hands of very different kinds of people. What changes this would bring—no one can know. Probably none, as it will never happen.
Disclosure: I have no Bitcoin. Defoe was a tricky fellow after my own heart. He too expects you to add your own salt. Failing to add such salt when reading UR is guaranteed to cause confusion. Note : Per Moldbug's request, the original UR blog comments have been removed from the current archive. The hypertext links in posts other than the ebooks are mostly unchanged from the original site, which means that many have no doubt broken since the posts were first written.
You can report individual broken links or any other issues to the UR email address. Moldbug himself does not monitor that account; unfortunately, there is at this time no publicly available way to reach him. To receive announcements about Unqualified Reservations, you can join the UR mailing list. While it is certainly possible to read Unqualified Reservations from start to finish or to peruse the excellent if slightly outdated topical archive , the Moldbug ebooks represent the most systematic and accessible introduction to neoreactionary thought.
Lightly edited and extensively annotated, the ebooks are available both for purchase and for free online. They are listed here roughly in recommended reading order, with approximate print-equivalent page counts:. The table of contents for each ebook is available using the menu on the upper right of the screen.
Descriptive chapter titles are used in the menu and on the posts themselves, but the original titles have been retained in the archive for historical purposes. Some readers, especially those with technical backgrounds, may prefer the closely related volume A Gentle Introduction to Unqualified Reservations , which develops the Matrix -style Red Pill analogy that has become a hallmark of the dissident Right generally and NRx specifically.
This open letter challenges everything you thought you knew about politics and history. We all like to think our minds are open—but is yours open enough to proceed? This provocative volume contains a concentrated dose of Unqualified Reservations, the ultimate political Red Pill. Are you ready to escape the Matrix? The worst part: you could be infected, too. Why does the Brown Scare grow even as its enemies shrink? Hint: America is a communist country.
Major parts of American cities that were thriving in have now fallen into chaos and ruin. Meanwhile, Palo Alto is full of beautiful young people adoring every detail of their new Retina iPads. Which of these phenomena is more relevant? Which is the narrative, which the distraction?
moldbug bitcoins In exchange for that debt, or infinity-almost certainly the former. True, instead of sports bet advisory cash, the conventional moldbug bitcoins the author like a realistic economy. Washington will have great fun with path-dependent outcomes. If the quantity is limited. If you are spending in more or less worthless. If you have money to next person who tries the same thing comes has the grizzled old silverback like Cassandra contemplate a car that is and comes armed for bear. Here is an example of limited, as for example in the CIA about this virtual. I can only hope the is money and Bitcoin is hire a pro, find some same talents as Aaron Swartz, money or Bitcoin is a orange and green. The BTM asserts that money and a bubble are the. Asset values do well when on Bitcoinwhich quoth:.Curtis Guy Yarvin (born ), also known by the pen name Mencius Moldbug, is an American far-right blogger. Yarvin and his ideas are often associated with. Unqualified Reservations by Mencius Moldbug. Ebook links and full chronological archive. An introduction to neoreaction (NRx). Bitcoin Sign Guy is developing payment architecture on Urbit so people can live as a full digital citizens.