ERP Technology Companies are Centralized Planners of the Economy

For this episode I spoke to Chris D'Costa (@cjdcosta), the founder of Totem Live Accounting (@totem_live_). Totem is building a real-time global accounting ledger built on the Polkadot blockchain to compete against traditional accounting and ERP software. I thought it was interesting to hear how blockchain could potentially be used to develop alternatives to the bureaucratic free market world of ERP systems that run global flows of information and consequently commodities.

During the episode, I first talk about how ERP technology companies are centralized planners abusing their position, how I think ERP systems are related to the infamous socialist calculation debate, and why the idea that our economy is not planned today is false. Afterwards I speak to Chris on how Totem works, why they chose Polkadot for the blockchain, and how it could be used to build cooperatives.

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ICYMI I've written a book about, no surprise, blockchains through a left political framework! The title is Blockchain Radicals: How Capitalism Ruined Crypto and How to Fix It and is being published through Repeater Books, the publishing house started by Mark Fisher who’s work influenced me a lot in my thinking.

The book is officially published and you use this linktree to find where you can purchase the book based on your region / country.