npub12h…9qpsf on Nostr: Western degeneracy is because of usury. Usury distorts both prices and time ...

Western degeneracy is because of usury. Usury distorts both prices and time preference, which becomes moral degeneracy because the transmission of value is leaky - loss of value becomes loss of values. Russia has been (relatively) spared this because its finance industry is less developed, which is because their property rights are weaker. But they are on the same trajectory because they also use credit money.