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Adam Buick

Bitcoin-mania

Bitcoin was set up in 2009 in accordance with a design drawn up by a person, or more probably a group of persons, calling themselves ‘Satoshi Nakamoto’. In a paper ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ (bitcoin.org/en/bitcoin-paper), he/they stated that:

‘A purely peer-to-peer version of electronic cash would allow payments to be sent directly from one party to another without going through a financial institution.’

Libertarian money

Brexit and the Border

The Irish Border question has reared its ugly head again.

The Border’s roots go back to a split in the 19th and early 20th century between two sections of the capitalist class in Ireland. In the South were fledgling capitalists who wanted protective tariffs behind which to develop. In the North were the industrial capitalists – the Titanic was built in Belfast – who didn’t want to be cut off behind tariff walls from free access to markets in the rest of Britain and its Empire.

At the founding convention of Sinn Fein in 1905 its leader, Arthur Griffith, put the case for the petty capitalists in the South:

Cuba: No ‘New Man’

Seen in its most favourable light (and not just as a theory of political dictatorship that it is), Leninism can be seen as the view that the way to socialism is for a minority of socialists to seize power at the head of a discontented but non-socialist working class and then using this power to educate this majority into becoming socialists.

This accepts that socialism is a classless, stateless, wageless, moneyless society based on common ownership and with voluntary work and free access to goods and services, and also that such a society can only function with majority support and participation. (Leninists call it ‘communism’, confusingly reserving the word ‘socialism’ to describe the state-capitalist regimes they establish when they come to power.)

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