I’ve been bothered by Cryptocurrency for quite some time. I started following it seriously again after the 2017 peak and crash. I’ve always been leery of talking about it because I so fundamentally did not get why it continued to be a thing. After researching it at great length in recent months, I’ve come to the conclusion that it’s the world that’s crazy, not me. If cryptocurrency continues on its current trajectory, it’s got a lot of terrifying implications. I begin to unpack those in this video, which is intended to be the first of three.
This one almost ended up as another channel trailer. I initially produced a video making fun of the Thucydides Trap when it was first publicized in the Atlantic over five years ago. I thought it was a profoundly silly concept from the start. Unfortunately, it’s become a phenomenon. Just go to Google News and type in “Thucydides Trap” and you’ll find that it is mentioned at least weekly in one article on US-China relations or another. This misuse of the concept is quite sad, because Thucydides actually does have a very useful story to tell policy-makers in the United States. In today’s video, I lay out that story, and use it as the foundation for my pitch for the third of three options for this channel’s next new project. You now have the all the information you need to vote!