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E74: Market update, inverted yield curve, immigration, new SPAC rules, $FB smears TikTok and more
All-In with Chamath, Jason, Sacks & Friedberg
Capitalism, I Don't Think It's a Corner Stone
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I don't think it's a corner stone. I just toght they med of u ou still think it's important to have forward looking statements and need some. The thing tat that the c should make a decision on is whether just having a bunch of middlemen serves a market better, or having a combination of some middle men and some principles all competing is better. Capitalism is about creating an incentive for you to take that money out of that dead asset, that unproductive asset, and put it directly into the hands of somebody who will make it productive.
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