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#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
Lex Fridman Podcast
Capitalism Outcompetes Communism
In the United States, we left most markets open to free enterprise. In Soviet Russia, they tried to completely replace price signals with this nationalistic faith and devotion. This inhibited their ability to generate wealth. So I think in a really big picture standpoint, that's why capitalism outcompete communism is because it is able to generate more wealth than communism was.
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