6min chapter

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#519 - Balaji Srinivasan - Legacy Media Is Lying To You

Modern Wisdom

CHAPTER

Is There a Difference Between Development and Ascensing World?

I don't even actually use the term developed and developing world anymore. I call them the descending world and the ascending world. Developed world implies sort of a satisfied end of history. You're just kind of catching up, right? The thing about this is nationalism and capitalism and socialism are two different ways to think about the self interest. And what you're going to see in the 20th century is basically the nationalist capitalist versus the international socialist. Now it's the internationalist capitalist and the nationalist socialist, the cloud and the land.

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