The Jim Rutt Show cover image

EP 166 Lene Rachel Andersen Part 2: Libertism

The Jim Rutt Show

00:00

Capitalism Is a Game Theoretic Arms Race

Capitalism has two built-in engines, which make it like the shark: If it doesn't move forward, it dies. The allocation of capital is in a game theoretic arms race to get the highest possible money on money return. Until we had capitalism, it was almost impossible to create wealth surplus that allowed us to develop modern science and research. But out of capitalism did actually come some very useful institutions and knowledge  that we would not want to be without.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app