When a country is successful for too long, its citizens forget the difficult and often violent actions required to achieve that prosperity. This ignorance leads to guilt, a weakened national identity, and an inability to make tough decisions for self-preservation.
Holding out for morally perfect leaders is naive and paralyzing. The reality of geopolitics is a "knife fight" where leaders inevitably make decisions that result in death. Progress requires working with these flawed individuals rather than disengaging over past actions.
Rather than taking a "holier than thou" stance and refusing to engage with governments that have committed atrocities, it is more effective to build bridges. Cooperation invites them into the 21st century and aligns them with your values, whereas isolationism is counterproductive.
Historically, citizens accepted exceptionally high tax rates when they felt a deep sense of patriotism and belief in their country's greatness. Eroding this national narrative makes unpopular but necessary fiscal policies nearly impossible to implement.
Investors in large acquisitions, like the EA deal, are mercenaries who operate based on spreadsheets, not a love for the product. They analyze future revenue streams, like mobile microtransactions, and are "leading from behind" by monetizing proven user behavior, not innovating from the front.
Just as a parent uses discipline to keep a child on the right path, leaders must use unpopular but necessary fiscal measures (like balancing the budget) to ensure a country's long-term health, even if it's not what the populace wants in the short term.
Framing Bitcoin as a store of value ("digital capital") and stablecoins (backed by US Treasuries) as the transactional currency is a brilliant political strategy. It reassures the US government by creating new, global demand for its debt, thus avoiding an antagonistic relationship.
As foreign nations sell off US debt, promoting stablecoins backed by US Treasuries creates a new, decentralized global market of buyers. This shrewdly helps the US manage its debt and extend the life of its reserve currency status for decades.