The speaker explains the importance of not having perfect equality in the distribution of well-being, as it would punish those who contribute more and reward those who contribute less. Perfect equality would hinder trade and collaboration, as it eliminates motivation for progress and capitalizing on differences. The speaker argues that communism's association with scarcity is due to its demotivating nature, hindering societal functioning.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode