Opinion

The Raw, Savage Capitalism of Open-Source Protocols

Recapping the biggest stories of the week, including Joe Biden’s China plan, a market holding pattern and, of course, the strange competitive saga of SUSHI.

By Nathaniel Whittemore

Sep 12, 2020 at 5:00 p.m. UTC

Updated Sep 14, 2021 at 9:55 a.m. UTC

By Nathaniel Whittemore

Sep 12, 2020 at 5:00 p.m. UTCUpdated Sep 14, 2021 at 9:55 a.m. UTC

Breakdown 9.12 — (nuvolanevicata/Getty Images)

By Nathaniel Whittemore

Sep 12, 2020 at 5:00 p.m. UTCUpdated Sep 14, 2021 at 9:55 a.m. UTC

Recapping the biggest stories of the week, including Joe Biden’s China plan, a market holding pattern and, of course, the strange competitive saga of SUSHI.

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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

On this edition of the Breakdown Weekly Recap, NLW looks at:

The “holding pattern economy” – why stocks, jobs and central bank policy seem stuck in place
Why Joe Biden’s China plan shows that, no matter who wins the presidential election, U.S. economic policy towards China is likely to get more aggressive
The surveillance state gets stronger as Amazon appoints a former NSA head to its board of directors
The SUSHI saga

This week on The Breakdown:

Monday | Sorry, Governments, We’re Entering the Era of Private Money

Tuesday | Why Bitcoin Investors Aren’t Worried About This Price Pullback

Wednesday |‘Absolute Raging Mania’: Famed Investor Druckenmiller Thinks 10% Inflation Is Possible

Thursday | How Monetary Policy Undermined American Resilience

Friday | ‘As Toppy as It Gets’: Metals, Bitcoin and Fiat’s Race to the Bottom, Feat. Tavi Costa

For more episodes and free early access before our regular daily releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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Nathaniel Whittemore