AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Lessons of the Cold War with Peter Robinson
The Genius of Thomas Sowell
The Importance of Knowledge in a Command Economy
Seoul says 99% of the important knowledge in a society is widely distributed among the population at large. If you accept Seoul's premise that command economies can never function effectively no matter how smart the elites who run them are, it explains why they don't work. The sharp rise and sharper fall of central planning in the 20th century suggests a flaw in the assumptions of those with the vision of the anointed - not necessarily confined to economic policies.
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