6min chapter

The "What is Money?" Show cover image

There are No Solutions, Only Trade-Offs with Aneesh Karve (WiM310)

The "What is Money?" Show

CHAPTER

The Complexity of Socialism

LZ Granderson: We need its scale variance, right? At the nation state level, we need individuals maximally empowered. LZ: But at the family level, it's almost communist, right? There's not really any private property inside your family. He says even in a small community, you still need property rights to get that thing to function properly over time. The authoritarians make this argument because no individual was solely responsible for the individual's benefits,. Therefore, politicians, bureaucrats and judges can arrange things are to preempt decisions and redistribute benefits - presumably in a more moral way.

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