Chapter
Unfair Business Practices in a Global Market
1:09:20 - 1:14:13 (04:52)
The speaker discusses unfair business practices in a global market, citing an example of how some rules back home can increase the cost of a product by $1.60, making it hard for small businesses to compete. The speaker also mentions how lawmakers may be aware of these practices but are unable to prevent them due to lack of understanding or other reasons.
Clips
Conscious capitalism promotes a level playing field in business by encouraging equal opportunities for businesses to succeed.
1:09:20 - 1:10:24 (01:04)
Summary
Conscious capitalism promotes a level playing field in business by encouraging equal opportunities for businesses to succeed. This is achieved through capitalism, which allows for competition and the provision of value to customers at fair prices.
ChapterUnfair Business Practices in a Global Market
Episode#311 – Magatte Wade: Africa, Capitalism, Communism, and the Future of Humanity
PodcastLex Fridman Podcast
The discussion revolves around high tariffs imposed on some products whereby the speaker argues that it makes them noncompetitive and leads business people to engage in unlawful practices.
1:10:24 - 1:11:45 (01:21)
Summary
The discussion revolves around high tariffs imposed on some products whereby the speaker argues that it makes them noncompetitive and leads business people to engage in unlawful practices.
ChapterUnfair Business Practices in a Global Market
Episode#311 – Magatte Wade: Africa, Capitalism, Communism, and the Future of Humanity
PodcastLex Fridman Podcast
A discussion about businesses keeping their secrets and competition strategies confidential to prevent them from being stolen by others in the industry.
1:11:45 - 1:14:13 (02:27)
Summary
A discussion about businesses keeping their secrets and competition strategies confidential to prevent them from being stolen by others in the industry.