The "What is Money?" Show cover image

Paradoxes and Theories of Everything with Curt Jaimungal (WiM228)

The "What is Money?" Show

00:00

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.

Play episode from 01:07:48
Transcript

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