4min chapter

The "What is Money?" Show cover image

Paradoxes and Theories of Everything with Curt Jaimungal (WiM228)

The "What is Money?" Show

CHAPTER

Is This Late Stage Capitalism?

There's never been pure capitalism because capitalism basically means it's life, liberty and property. So you can never have that idealized world so long as there's any form of violence or coercion. The real trick in the world is to create systems that make violating property rights more expensive than making theft a less viable wealth acquisition strategy. That leaves people withTrade cooperation, innovation, all these things that are consensual versus non-consensual,. Like taxation, theft, war, all these thing are non-consensus forms of exchange.

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