RE: Cryptocurrency Must Avoid Financialization Which Plagues The Economy

"...there is really nothing anyone can do about it."

While I strongly agree with your main points regarding financialization, I utterly disagree with the above. Corporations are products of regulation, and financialization is the product of the degradation of regulation. When originally instituted corporations were allowed by government to undertake specific enterprises to produce benefits for society. While government was ubiquitously monarchical at the time, political power then largely depended on the number of soldiers a jurisdiction could field, which created an incentive for government to promote the health of society in order to produce a good supply of cannon fodder.

This no longer pertains today, as automation has replaced human productivity as reflected in the decreased effort delivered by government to secure that supply of cannon fodder.

Andrew Jackson revealed that appropriate mechanisms to mitigate financialization aren't particularly complex, and you well point out that it is best avoided in the first place. As ongoing oppression increasingly disaffects folks, they will concomitantly attend to corrupt or otherwise ineffective government, which naturally entails definancialization. Jackson didn't go on to demonstrate effective financial policy that prevents government failure, as his own policies largely depended on oppression, but your own focus on preventing financialization to begin with goes a long way towards mitigating the necessity of government intervention.

Thanks!