Peter Vander Wall argues that institutional crises have bred distrust and cronyism. He urges listeners to decentralize their lives by paying off student loans, adding crypto to their portfolio, and starting a side hustle to reduce dependence on governments, corporations, and traditional banks.
In the last 20ish years, we've been through a lot. 911 the housing market crash of 08 the recession that came with Roni Rona Point is, there's a lot of distrust in our institutions today, especially in the financial world. We've got a lot of what I like to call cronyism, which is where big corporations collaborate with the government to create a competitive advantage for themselves. Wherever power centralizes, there's always a tendency for corruption to appear. We see this in large corporations, governments, even religious organizations sometimes. But how do you rise above this? The answer? Decentralize your life. Don't depend on the government. Don't depend on big corporations. Don't depend on traditional financial institutions. None of these things are necessarily bad, but at the end of the day, they don't care about you. By doing things like paying off your student loans or adding crypto to your portfolio, or starting a side hustle or a freelance business, you can transfer from depending on institutions that don't care about you to depending on yourself.
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