Capitalism Misallocates Resources. Web 3 Tech Can Help

Capitalism Misallocates Resources. Web 3 Tech Can Help
Look at a map of Africa. It’s no miracle that so many of the borders are straight lines, and it’s no coincidence that these random straight lines have caused untold political complexities. In that way, African nations are like money: a fiction imposed on the entire globe by a few decision-makers.In short, money is a collective fiction, a cultural technology used for the reallocation of resources, a way to draw borders around everything. This is a relatively new concept in human history – (capitalism is only a few hundred years old) – but it’s already an outdated paradigm. And at…