The "What is Money?" Show Debating the Nature of Capitalism and Private Property with Josh Sidman (WiM573)
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Apr 18, 2025 In this engaging discussion with Josh Sidman, a proponent of rethinking capitalism and private property, listeners delve into the philosophical roots of land ownership and wealth inequality. Sidman critiques traditional views on capitalism versus collective ownership, exploring how such dynamics affect resource management. The conversation also touches on sustainability through self-sovereign communities and Bitcoin self-custody. Additionally, they examine the roles of savings and investing in economic productivity, challenging outdated narratives about money and wealth.
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Capitalism Flawed by Unearned Income
- Capitalism as we know it is a flawed implementation of free market principles.
- Flaws stem from private ownership of land and money leading to unearned income like rent and interest.
Private Property Grounds Social Harmony
- Private property exists as a right to control the means of survival, rooted in human territoriality.
- Removing this right leads to social disharmony and injustice.
Distinguishing Raw Land vs Improvements
- Raw land is not a product of human labor and thus lacks basis for private ownership.
- Improvements on land, however, are legitimately owned privately.