We’re in the middle of a dramatic political realignment which is obscured by legacy party labels.

Nationalists have dropped all opposition to economic controls and socialists have dropped all opposition to border controls. On the other side will be internationalist capitalists. https://twitter.com/balajis/status/1189274759000985601

These terms of reference might seem crazy (or "too early") but the center of the new spectrum is anti-virus & pro-Bitcoin.

Anti-virus: need competent centralized states to protect health and safety

Pro-Bitcoin: need robust decentralized networks to defend freedom and privacy

The presence of a competent centralized state is not an impossibility, as Asia illustrates.

The presence of a competent centralized state is not a guarantee, as the West illustrates.

Decentralization is an exit from the latter and a ladder to the former. https://twitter.com/balajis/status/1237243569641054208

The virus is the decathlon for institutions. The East has arguably succeeded, the West has largely failed.

Western states may or may not stop the virus, but will not surrender their powers. Keep advocating for good policies while preparing for bad ones. https://twitter.com/balajis/status/1241609026267279360

Flashback to Feb 3.

We didn't know if centralized states would succeed in stopping the virus. As it turns out, some have, some haven't. But none will give up their powers.

So the only check on the centralized state will be the decentralized network. https://twitter.com/balajis/status/1224244509313290240