Consumers: A Hidden Derogatory Term Unveiled by Bitcoin’s Economic Clarity

Bitcoin Magazine

Identity is a topic of interest in 2021. Taking steps beyond the self-esteem efforts in the 1980s, the self-categorization movement efforts now seek to find empowerment in political agendas based on race, subculture, religion, gender, and/or sexual orientation. The aim, whether merited or not, is to “secure the political freedom of a specific constituency marginalized within its larger context,” according to the Stanford Encyclopedia of Philosophy. This political freedom acquired is often the result of political coercion, or compellance: an attempt to get another political actor to change their behavior through explicit or implicit force/violence. These movements, while seemingly altruistic, almost always result in expected government expenditure in the form of programs, reparations, or taxation to these alleged marginalized groups. Because governments always operate over budget, using an inflationary currency, it is certain that the people who will cover the bill for the government neglect of a segment of the constituency in all of these cases, will be consumers.

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