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Rerun: Ep8 “Why Capitalism Works" with John Cochrane

All Else Equal: Making Better Decisions

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Exploring the Debate Between Free Markets and Stakeholder Model

This chapter delves into the ongoing discussion about free markets, analyzing the differences between the stakeholder and shareholder models. Emphasizing the significance of history, incentives, property rights, and the rule of law in supporting capitalism, the speaker advocates for truth and criticizes the term 'stakeholder capitalism' while highlighting the importance of incentives, rights-based systems, and the rule of law in contrast to government intervention and redistribution.

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