ToKCast cover image

Ep 94: Wealth and the Conflict of Ideas

ToKCast

00:00

Is There a Problem With Concentration of Wealth?

The rich alone are insufficient. All we must contribute, which means all have less capacity to transform their lives,. So there ends up being less diversity, and less innovation. People who argue that this money be extracted from the wealthiest billionaires, don't see a problem with it being concentrated in one place - government bureaucrats and politicians. If there has ever been wealth inequality, it is between the wealth of the government and its citizens. Only the free market and innovation generates wealth. As with anything else, like feeding the world, leaving it to the free market or the individual is the best way that innovation can occur. More wealth fuels more knowledge growth, both individually and institutionally. We need much more

Play episode from 25:10
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app