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E162: Live from Davos! Milei goes viral, Adam Neumann's headwinds, streaming's broken model, microplastics & more
All-In with Chamath, Jason, Sacks & Friedberg
The impact of free market capitalism and the danger of abandoning it
From 1800 to 2020, the world's extreme poverty decreased from 95% to less than 5% due to free market capitalism and democracies enabling individuals to pursue self-interest. This system allowed the delivery of desired products and propelled global progress. However, the danger lies in some countries abandoning free markets, leading to socialism, poverty, and stagnation, as evidenced by the failure of socialism in various countries.
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