Chapter
Making the Entrepreneur the Hero of Society
20:33 - 26:34 (06:01)
This podcast episode discusses the idea of making the entrepreneur the hero of society as a way out of the difficult situations the US is going through. However, some argue that this idea is often supported by people of great privilege who believe that poor people cannot change much and that less competition can lead to odd outcomes.
Clips
The lack of competition in areas like public education and less established colleges can make things odd.
20:33 - 23:37 (03:03)
Summary
The lack of competition in areas like public education and less established colleges can make things odd. However, the speaker still believes capitalism is a force for good because it encourages entrepreneurship and benefits everyone through the competition produced by globally distributed products or services like Tesla, SpaceX, Google, Airbnb, Uber, and Robinhood.
ChapterMaking the Entrepreneur the Hero of Society
Episode#161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship
PodcastLex Fridman Podcast
The way to solve difficult problems and to move forward as a society is to make the entrepreneur the hero of society, giving young kids with big dreams and the willingness to take risks a chance to build something new.
23:37 - 26:34 (02:57)
Summary
The way to solve difficult problems and to move forward as a society is to make the entrepreneur the hero of society, giving young kids with big dreams and the willingness to take risks a chance to build something new. However, there is a group of people who do not believe they, or others, can succeed as entrepreneurs.