Love this guy.

Yaron brooks. The cure to depression and successful life.

"The Morality of Capitalism" with Dr. Yaron Brook

https://youtube.com/watch/...

Finally, a cure to successful life 😄

@Nanos I highly doubt it. Most people have an outward appearance and an inner self. You can lie to outward but you can't lie to an inner self, if you don't want to compromise your own integrity. It's not a good strategy for long term.

Capitalism is basically ever optimisation technique. i.e wiring the incentive close to the who produces as much as possible without middle men trying to chip in profits.

Think about this in life. You become unsatisfied/depressive of your own efforts, because somebody else is stepping in into your life, trying to put artificial obstacle in whatever you do, which you didn't consider before. Capitalism simply says it's ok to satisfy yourself, not succumb to the happiness of others. As a result your path you choose directly affects the consequence in your life.

If someone got there first and shares his optimised technique, he has new found success. don't be jealous of their success, instead embrace it.

@Nanos sure hence he mentions instant gratification isn't a good strategy for the long term. He gives a very good example too: Bernie Madoff. Bernie was more happy in prison to his own admission after his guilt.

@rEaL-jAsE only one and the real jassole is me ;)

Capitalism = work, most just-system + meritocracy, directly wired to your effort. You spend most of your life working. Capitalism encourages you to do what you love the most while making profit. How beautiful is that? <3

The point is, ladies and gentleman, that greed -- for lack of a better word (according to my accusers, and pitchfork people) -- is good.

Greed is right.

Greed works.

Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.

Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind.

@Nanos those are the ones that are getting automated away. Idea is you start out a job to get a skill and immediately/sooner move to find something you live.

There is no one way to happiness, its a continuous pursuit of your own ideals and values, as long as you allow others to do so too. That means you need lot of choices which are provided by free markets

Ignore the douchebag/attention whore above. I won't conversate with the village idiot. Keep conversations civil rest of lot.

@Nanos Great comment. I'd advise ignoring him though. Cryptos are the result of mistrust of "central authority". If FDR can directly inject liquidity by means of quantitative easing, the value of money is really questionable, hence satoshi reason being so when he created crypto.

Crypto-proponents mistrusts any central authority for good reasons. Hence, their aim is to create economies that are decentralised, i.e there is no single point of failure or really nothing to manage/oversee. There are governance strategies but a topic for different discussions. After transactions are simply a reflection of people's activity. They know it better, i.e ultra capitalism/ultra free market. ;)

Nobody needs to force them to spend/not spend their money. Failures are inherently just part of life. Shit happens, but more decentralised it is, the less severe impacts it causes. Centralising just creates a more bigger risk.

I am pretty sure there are existing cryptos replaced with in-game currencies.

@JustThat Beautifully put. Nothing to prove you wrong. If you want to form cooperative society, by definition it is impossible to use force (via government). Form your minority groups, but don't expect others to follow you.

Objectivism puts force in its place, seperates it completely and lets capitalism and free markets flourish.

^^^ Typical triggered, hyper-emotional lefty maniac above.