Time, Capital, and Civilization | The Song Series | Episode 1 (WiM080)
The "What is Money?" Show
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The Amplification of Labor Efficiency
As you accumulate more capital, you are able to go out and take even more risk, write or delay consumption. The larger the bait, the larger capital stock base we build. Though even more roundabout, we can make our production process, which means we can create even more wealth. That's the thrust, or that should be the thrust, of a civilization that wants to live in wealth and abundance and peace and all these things. And so that, i think, that's sort of the bedrock for now, he starts to explore monarchy versus democracy.
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