The Elon Musk Files part 2: Balaji Srinivasan and the network state
One of the main things that Elon Musk and his band of Tech billionaires are pushing for is a new social hierarchy. In order to create this they are trying to redefine power structures.
Cryptocurrency is a big part of this push.
But the end goal seems to be the creation something called network states. This would be a revolutionary, non-localized, social filtration method. A kind of social caste, determined by any of a number of markers, but the predominant marker in all of these proposed systems is wealth.
This concept was initially introduced by Balaji Srinivasan's in his 2022 book The Network State: How To Start a New Country. Though Srinivasan himself is not a billionaire, he rubs elbows with a number of the richest and most powerful oligarchs on earth.
Under this proposed system, according to Gemini .com “you must hold the blockchain's native coin to participate in its governance. The weight of your vote is determined by the number of coins you hold.” This means that wealth would equate to voting power. If one individual or entity owned 5% of the wealth in the state, they would have 5% of the voting power. If somebody owned 50%, half the votes would be theirs.
In Srinivasan's utopian dream, mankind would be governed by decentralized states where the richer you are the greater your voting power, parliament would be the birthright of the wealthy, and the poor would have no say at all.