The system of modern capitalism is far from perfect. Today we talk about its pros and cons, and how it compares to other frameworks, like socialism and communism.
In this episode:
Current atmosphere around capitalism as a theory and its reality [1:00]
Tenets of capitalism, communism and socialism [4:00]
How governmental laws skew true capitalism [7:30]
Croney capitalism and examples [9:00]
U.S. versus Venezuela [12:00]
Who’s paying for free education? [14:00]
Motivations for hard work [16:00]
Free education but return on investment socially required [20:00]
Personal freedom versus state edicts under restrictive regimes [24:00]
Global history of conquering [34:30]
Changes to the system are necessary [37:00]
Resources:
Jared Diamond’s “Guns, Germs and Steel”