AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Rory's brain vs ChatGPT, outrageous marketing, work trends and MUCH more w/ Rory Sutherland | E1756
This Week in Startups
The Problem With Capitalism Is That Location Is Importance
3min Snip
00:00
Summary
Transcript
Episode notes
I believe in Henry George's objection that the problem with capitalism is that land and you could even argue fossil fuels are not like other markets because they're rivalerously consumed. And therefore rent seeking by landowners basically sucks out the rewards to entrepreneurialism or invention or just work. A giant tax. So, it strikes me that the second best thing we can do other than the land value tax is to come up with technologies that make location irrelevant. The car was, the train was one, the canal was another, I guess, okay. But undoubtedly, I would say that the car was, I think, spectacular. It's important because you could go and buy, you know, start a
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