The Moment of Capitalism’s Perestroika: Bitcoin Rises as Economic Centralization Falls

Amongst the great sages of the ancient world, there once inhabited a mystic that the ancients announced as the Master of Masters, the Great amongst Greats or the Three-Time Great Hermes Trismegistus. This man, if he was one, was the author of the Corpus Hermeticum, the discoverer of alchemy, the founder of astrology and the ancestor of occult wisdom.

The Egyptians deified the Threefold Great as the god of wisdom, Thoth, while the Greeks recognized the equivalence of Thoth and Hermes through interpretio graeca and worshipped them as the same deity.

Hermes‘ influence on philosophy, dogma, science, mathematics and, most importantly, on our collective map of meanings, extends across two millennia and more cultures and religions than probably exist today.

Hermes is important to this story, not because his arcane teachings have anything to do with cryptographic or decentralized systems and protocols (he was a prophet, but has nothing to do with Satoshi), but because one of his fundamental principles of reality – the principle of rhythm – serves as a very good rule for charting the colossal phase change of society that we face today.

It is time to reflect, writes Allen Farrington in his refutation – and we will reflect. It was unfortunate, perhaps, that we found it difficult to be stranded in our homes, besieged by an invisible and lifeless enemy, to finally question how we managed to mess this up so profusely, but at least we are doing so.

Rhythm compensates

The hermetic law of rhythm is the embodiment of the truth that all things rise and fall. That the movement of the pendulum is manifested in everything and that the measure of the movement to the right is the measure of the movement to the left. This principle, once you have witnessed it, cannot be invisible. It applies to all things, at all levels of analysis. It has an almost fractal nature and is very reminiscent of human stupidity.

In relation to whatever dimensional axis the current cultural pendulum is swinging, one thing is obvious even to the forgetful – the pendulum has reached its maximum amplitude.*

Economically, we arrived too late in the cycle of long-term debt, even before the coronavirus arrived. Adding fuel to the flames, the central bank of the world’s reserve currency, or the Fed, seems to have mistaken the West Ham United anthem („I’m Forever Blowing Bubbles“) for a workable macroprudential policy manual.

Leaving that behind – culturally, we have seldom been more polarized; the gap between the haves and have-nots is at its highest (and getting worse every day). Bolshevik leader Vladimir Lenin has been quoted as saying that „every society is three meals away from chaos. If there is any truth in that, we are dangerously close to finding out for sure.

Systemically, we are unstable; institutionally, we are corrupt; psychologically, we are bewildered; and regally-we seem to be doomed.

In other words, we are too late for a correction, and we feel it in our gut. The law of compensation is always at work. It is deeply rooted in our individual and collective subconscious. The average individual does not need to understand all the complexities of Keynesian economics to realize that „the money printer makes brrrr“ cannot be the solution to our predicament. The meme went viral for a reason: Everyone knows that this is not how anything in life works.

Now, we must face reality. We can’t keep kicking the can along the way. It’s 1986 for capitalism Corona Millionaire, and we have nothing ready to replace it.