AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Why stupid people think they’re smart
Nudge
The History of Capitalism
Before capitalism, most people were serfs or peasants and desperately poor. Kings and feudal lords took most of what people produced so nobody had much reason to work with them. In England, Holland and America, they discovered that when you give people property rights, the rule of law and free markets, you turn on a switch in their hearts. People want to work when they can keep the fruits of their labor. Free market capitalism enables them to do these things. But the opposite is through capitalism, which is exploitation.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode