The Bitcoin Standard Podcast cover image

149. Superabundance with Gale Pooley

The Bitcoin Standard Podcast

CHAPTER

What's the Relationship Between Knowledge and Productivity?

Producers and consumers are both adding knowledge to the products. All of us become collaborators in this search for new knowledge that we can then share with one another. When you consume knowledge, you create more knowledge. This is why all monopolies suck. Whatever is being provided in a monopoly that doesn't face competition ends up being extremely bad for the consumer and extremely profitable for the producer.

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