They have laws against child labour and all other ills that plague the continent so they wouldn’t need a new law to do this all they would need to do is enforce the law which is one of the major problems with Africa laws aren’t usually enforced and when they are it’s done often for political goals instead of justice furthermore it wouldn’t actually solve the problem at all. The way to solve the problem in the long term is to fix their system of governance so they can ensure all monies in the treasury are accounted for and are used for their intended purpose so that they can an environment in which people can well paying jobs, peace and dignity and in the term short term to put the parents in some skills training and ensuring the children don’t work in unsafe conditions instead of fining the poor parents.
individuals should be free to engage in any activity they see fit with the state’s only legitimate role to protect the life, liberty and property of it’s citizens, any force therefore that is not in retaliation to the use of force by another person no matter if the intention is to create a just society based on one’s ideals is immoral
What do you think about private property?
Do you think everyone should be forced into whatever your preferred property rights regime is ?
What do you think about a market economy ?
Do you think libre software licences should force individuals to keep derivatives open source or that they should be free to use it however they see fit including in proprietary software?
Do you believe that it’s ethical to force your ideals on society based on the premise that the outcome would be beneficial to all?
For the last time since you’re so thick headed I do not care whether or not someone of their own free will chooses to buy/not buy something but I am opposed to the labelling of any item as a scam/predatory that a person buys voluntarily it is not my/anyone’s duty to label the purchase of something that we don’t like as a scam and I was simply using banks as an example to point out the absurdity of this idea that something should be labelled a scam simply due to my personal dislike of such a thing
yeah so the people in africa and el salvador using crypto that are preserving their purchasing power are being scammed I never said that crypto was this perfect thing that’d fix everything and I have constantly presented it as only a stopgap solution to help in the meanwhile. I’m going to give a real scenario in my country the banking system is controlled by a cartel that funds the two major political parties in power these banks knowing of their situation have denied accounts to any alternative political parties and it’s not farfetched they could make up something to pin on these parties so that banks in other countries would cooperate with them and block them from making accounts in those countries as well what other than crypto would provide a neutral payment platform to ensure that we can fund our only hope of having a functional country whether through the ballot box/violent revolution you need money to be able to form the government and if you don’t have that then sorry you’re shit out of luck. We’ve been granted bailout from the imf time and time again for the politicians to loot our treasury and raise taxes in order to keep our country on life i’ll say it again debt relief is relief we also have plenty of people whether local or foreign who performs acts of kindness everyday of course it help it somewhat but as long as we have the same political parties in power we’ll forever be receivers and not givers and as long as they still breath the oligarchs will use any means to crush any chance of us gaining political and economic power including through weaponizing the centralized banking system even if all turns out happily ever after the possibility of the centralized banking system being weaponized will always be possible and crypto is the only payment system that is uncensorable
Ah, so you’re saying that Western political systems and financial sector regulations mostly work, then?
they work fine enough for people to not starve to death and die of preventable diseases but they could be sooooooooooooooooooooooo much better whether or not people want that it’s up to them.
This is how
I call my country a hellhole all the time I don’t care about the opinions of trump and other people just that we make them stop being hellholes.
Yeah, pretty sure that person does not, in fact, live on $5.50 per day. Which is exactly my point: cryptocurrencies do not lift poor people out of their circumstances, cryptocurrencies cushion the already well-off and give the very rich them one more tool to use to extract wealth from others.
Living in a country with 50% inflation is being well off now? also what barriers would possibly stop someone who does live on that amount from the ability to preserve their wealth did you not see my other links about people in Africa and el salvador doing exactly just that
Wait, I’m confused. You kept bringing up how the financial system is corrupt, and kept giving examples from the West. Now you’re saying that there is not loads of corruption in “the West”? Which one is it?
My examples came from third world countries as well plus it should be very obvious the level of corruption in the west doesn’t affect the daily lives of a majority of it’s citizens while in the third world it does.
I kinda think calling certain countries “hellholes” is kinda racist, don’t you?
Racism is the discrimination of a person/group of persons based on their race/ethnicity how does my use of hellhole do that all I’m doing is highlighting the negative conditions of those countries not discriminating against their inhabitants.
And before you start calling me names again and telling me that there are other cryptocurrencies, perhaps consider when exactly a person living on $5.50 per day and working all-day shifts is supposed to do their research into cryptocurrencies, not to mention reading the code and the smart contracts to make sure all is nice and dandy.
https://internationalfinance.com/the-rise-of-crypto-adoption-in-africa/
https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador
Living on Defi: How I Survive Argentina’s 50% Inflation - Mariano Conti at Devcon 5 https://piped.kavin.rocks/watch?v=ZEPx-iS7sz8
an economist who doesn’t even understand the difference between mainstream and austrian economists, how what was possible in the 18th century for tight-knit communities is not possible for modern day nation states and how even a left wing website admits that this is less an economics book and more propaganda
That’s like saying “tax deductions are charity”. Which is to say, untrue. Charity is personal, debt forgiveness is public policy.
please open a dictionary whether or not an act of kindness is done by an individual/company/government doesn’t alter the fact that it’s charity.
That is demonstrably untrue. The source code is accessible, sure, but ability to read it and reason about it is a whole different thing. And as smart contract bugs and all other sorts of problems with code related to “defi” show, that ability is not really doing them much good.
The same could be said about all open source software even if they aren’t technical it’s not wholly impossible to get in touch with people are and make a decision again it’s their decision whether or not to get involved with something they don’t fully comprehend no one is holding a gun to their head forcing them to do so.
Dunno, man, can’t remember being asked where I want to be born in either, even though I come from the so-called “Western World”. 🤷
The point you idiot is that they don’t get to choose to be born in place with loads of corruption and you being born in the west isn’t a curse like being born in a third world country is at the end of the day the chances are high that you have the capital needed/can find someone to give you the capital if you needed/wanted to move somewhere else and do so safely
And crypto helps here… how exactly?
It gives them a way to preserve their purchasing power while they’re stuck in that hellhole and save up to be able to move somewhere nicer
I just explained why a law would be a poor tool to solve this problem
All countries on the continent are not former france colonies and even for those that are we can clearly see states like senegal making real effort to create jobs so that completely negates the idea that france is responsible for everything wrong with Africa and further validates my talk about failure on the part of African governments