Podcast episode (Wednesday With Wyan) featuring Ryan Daniel Moran, JP Sears, and guests discussing capitalism as the best solution to global problems. Moran argues capitalism aligns incentives with consumer demand, driving innovation and higher living standards, while government intervention misallocates incentives. The recording also includes light banter and a promotional segment for Capitalism.com’s 1% membership.
Chapters
Grant Cardone said, if you're not a millionaire in capitalism, what the hell is wrong with you?
And you should be ashamed of yourself.
10X baby.
So in like a sentence or two or three, simply stated, why is capitalism the number one solution to the world's problems, in your opinion?
Hey capitalists, it's time to crack open your favorite beverage. I like Zevia. This is Wednesday with wyan on capitalism.com.
Clement, I have a question for Ryan. Do I have your permission to ask Ryan? Absolutely. Thank you for that permission. Ryan, do I have your permission to ask you the question that Clement just gave me permission to ask you?
Permission granted.
So I was listening to your podcast today with Aubrey Marcus. You know, you were on the Aubrey Marcus podcast.
Praise the Lord.
He's awesome. Podcast. Love Aubrey Marcus. And on Aubry's podcast. And you've said it other places, like capitalism is the number one solution to the world's problems. I might be paraphrasing in a nutshell. Einstein once said. Joseph Campbell once said that Einstein once said, if you can't explain something simply, then you're a freaking idiot.
And Grant Cardone said.
If you're not a millionaire in capitalism, what the hell is wrong with you?
And you should be ashamed of yourself.
10X baby according to Joseph Campbell.
So in like a sentence or two, or three, simply stated, why is capitalism the number one solution to the world's problems, in your opinion?
Because it's the only solution that incentivizes the best solutions and naturally allows the ones that don't belong to die off.
So why is it important, in your opinion, for people to be incentivized at a mass scale?
So incentives matter and they create sustainability and incentives drive people into the marketplace to create new solutions. So when there are dollar signs, when there's opportunity, people enter the marketplace to create solutions because they're incentivized to do so. Whereas when you have government involved, you eliminate the incentives and you keep bad solutions in the marketplace and prevent the best solutions from coming about. And that's why we have longer lifespans than ever. It's why real incomes are higher than ever. It's why we complain about shit that doesn't matter anymore, because we have to literally find problems. We don't even have a food problem anymore. We have an overabundance of food problem.
We have so many solutions to problems we have to make up new problems to solve.
That's a big problem.
Dr. Clement, agree or disagree? I agree.
But I think you need to further define, like, governments create incentives too. So what makes it different? Like, what do you mean by incentives then? Yes.
Yeah. The incentive is based on demand or it's based on force. When a government creates that incentive, it's based on someone else choosing the winner ahead of time. And so that's basically a mild form of force. Whereas if in a free market, you have choice and so you have consumer demand making that choice.
Yeah, yeah, I like that the white wine was better than this moldy red wine was not. And based on what you just said, what I heard you say, Ryan Daniel Moran, is incentive. Like, but I think what I heard you say is real incentive gives people a sense of meaning through contribution, through creativity, maybe even through a sense of significance. So when people have incentive, what that really means is their primal human needs are spoken to, they get a sense of meaning, contribution, maybe. Significance.
I would agree with that.
I would agree that you agree. Do you disagree, Clement? I do not disagree. Welcome to your show, Ryan.
You were gonna say I have. I have no idea. We have somebody on the line.
See money.
We do not.
Okay. That would have been better if we had someone on the line.
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