Finance & Fury Podcast

Welcome to Furious Fridays! Make sure you’re caught up with last week’s episode about the system and what it should provide System - Inclusive Vs Extractive systems Inclusive - Equality of opportunity – everyone has access, same rights, no preferences Accountable – Can’t be extractive: held accountable and easily removable, transparent What system provides – what incentivises should be available Property rights – keep what you own Ownership of what you own and purchase, Patents Legal system - protect what you have, know deals are honoured Contracts Borrowing Public services – Well functioning state; police, infrastructure, education Use what the system provides – What has worked over history Extractive system – those that rise to power and keep it, sucking wealth up (short term for some) Inclusive system – those that do it on their own and keep it. Your incentive: increase the incentive of others to exchange money with you. System provides freedom – freedom of exchange of money is the first part You