Socialist governments like to keep control of the entire economy in their hands by controlling the means of production, but Bernie doesn’t simply call himself a socialist, he is a self-proclaimed “democratic socialist”. When compared to his socialist peers from other countries, Bernie seems very center-left.
As per Sanders, democratic socialism is not tied to any Marxist belief or the abolition of capitalism. Speaking at Georgetown University, he said: “I don’t believe government should own the means of production, but I do believe that the middle class and the working families who produce the wealth of America deserve a fair deal” Sanders says he wants to implement modest socialist reforms like free tuition at public universities , campaign finance reform, and single-payer healthcare. Good for Main Street, Good for Bitcoin Patrick Dugan from Omni Foundation spoke to CoinTelegraph about how this will be good for BitcoinCT r: 8 : “Bernie’s plans, more directly than others, will require the monetization of more US debt in order to monetize the Quantitative Easing (QE) for the people in the form of expensive subsidies for healthcare and education . So as the centrist, Wall St. friendly QE would cause that new money to flow into Wall St. assets , the Main St. QE would flow into business revenue as people necessarily spend it, and those who don’t need to spend it, will be able to try and protect the value by buying physical gold , hoarding cash (expecting negative rates to follow), or if they want the full range of financial services that banking provided with the sovereignty of fungible hard money, they will get their money on an open blockchain such as Bitcoin .” Bitcoin’s value always rises dramatically when large economies are in turmoil and national fiat currencies inflate. People are more […]
