The guest speaker talks about gaining experience in entrepreneurship by getting involved in another organization and gaining extended education on someone else's charter, which teaches grit and resilience. They also discuss the importance of a long-term approach to business, such as the Japanese concept of developing an ecosystem around a company.
The policy of seclusion in Japan was broken when Commodore Matthew Perry arrived with a fleet in the 1850s, marking a turning point in Japanese history, making sure that Japan could protect its own. This event caused the government to ensure that Japan would not be overpowered again and that they could defend their territory, interests and culture.
Venezuelans may start using crypto for peer-to-peer transactions, but taxes could be paid in a state-run currency, according to discussions of the presence of a large underground crypto economy in Venezuela. Developing countries that see more potential in building a technology firm outside the US and smaller governments may beat the US to adopting Bitcoin or other crypto as a reserve currency.
The speaker discusses the role of governments in responding to economic crisis, citing examples of swift and aggressive action taken in past scenarios of financial instability in various regions of the world.
The fundamental difference between governments and households is that governments have guns and households do not. This is why some argue that applications for companies do not apply to countries, but with global mobility in the near future, this may change.
Tokyo's rail system is considered one of the most efficient in the world, with trains running exactly to the minute. Even a one-minute delay can result in serious consequences for the system's operators.