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Radical Personal Finance
1020: The Death of the Nation State?
May 21, 2024
Exploring the decline of nation states in the information age, challenges of modern mass democracy in Peru, redefining political institutions in the Information Age, and the evolving concept of success and financial contributions of the top 1% taxpayers in the US.
01:20:15
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Quick takeaways
- The fall of Berlin Wall led to the decline of nation-states, emphasizing efficiency and market forces.
- Different incentive structures in states controlled by customers, employees, or proprietors affect their survival.
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The Significance of the Fall of the Berlin Wall
The fall of the Berlin Wall in 1989 marked a monumental shift from the era of the nation-state to a new age. It symbolizes the end of communism and the triumph of efficiency and market forces over massed power. This event, occurring exactly 200 years after the French Revolution, signifies the rise and fall of the dominance of nation-states in the global power system.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode