Chapter
The Resilience of Capitalism and Human Nature's Impact on it
1:22:54 - 1:28:37 (05:42)
This podcast explores how capitalism and communism, in their ideal forms, may be good for the world, but human nature tends to manipulate the system that ultimately creates more extreme long-run volatility, leading to larger and more devastating wildfires.
Clips
The US regulates and extinguishes small brush fires to dampen short run volatility but delays nature's natural corrective mechanism, resulting in much larger and devastating fires.
1:22:54 - 1:24:07 (01:13)
Summary
The US regulates and extinguishes small brush fires to dampen short run volatility but delays nature's natural corrective mechanism, resulting in much larger and devastating fires. In Mexico, unregulated wildfires burn continuously, resulting in smaller fires but preserving the fertility of the soil.
ChapterThe Resilience of Capitalism and Human Nature's Impact on it
Episode#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
PodcastLex Fridman Podcast
The podcast discusses the resilience of capitalism, communism, and human nature.
1:24:07 - 1:28:37 (04:29)
Summary
The podcast discusses the resilience of capitalism, communism, and human nature. The speaker ponders how intervention with natural biological systems can lead to pushing the system to behave more like an extremist stand system, which has long run volatility.