Finance & Fury Podcast

  Welcome to Finance and Fury, the Furious Friday edition. This is part 3 in the poverty miniseries, which is alongside the supply side economics flow on. The first episode was supply and poverty. The second episode was the big 5 factors of poverty. Today we will put it all together to derive a system that can reduce overall poverty. This system: will it be perfect? Just look at Utopia “misplaced faith in political utopias has led to ruin” All systems have flaws Having less freedom leads to more poverty Could technically lead to more poverty, if it’s by choice The system has to be 2 parts: What system works best to reduce the big 5 factors: reduce diseases, increase knowledge, reduce apathy, reduce authoritarianism and build resilience rather than dependence. What provides individuals freedoms? Disease: Death from chronic disorders in the first world Death by horrible diseases in the third world like respiratory infections, diarrheal diseases etc The necessities: clean water, electricity, food, and educa