3min chapter

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Daniel Yergin – Oil Explains the Entire 20th Century

Dwarkesh Podcast

CHAPTER

The Evolution of Power: From Electricity to Digital Payments and Geopolitical Influence

This chapter explores the evolution of electricity into a foundational element of the global economy, paralleling it with Stripe's impact on digital payments. Additionally, it examines the geopolitical maneuvers of OPEC during the 1973 oil crisis and the current investment trends highlighting Gulf countries as hotspots for private equity and venture capital.

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