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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Lex Fridman Podcast
The Challenges of Human Nature in Governments and Large Entities
The problem with alternative entities to governments is that human nature leads to corruption and manipulation. The free market relies on honest communication of information for rational decision-making. However, there is a fear that manipulation and propaganda occur in both government and companies. To prevent the worst of human nature, governments should not have a monopoly on violence. This creates an asymmetry in power that allows corporations, individuals, and free markets to coerce without governmental involvement, leading to examples of corrupt behavior.
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