The Naval Podcast – Free Markets Are Intrinsic to the Human Species

Check out Naval’s Episode Page & Show Notes

This podcast clip is part of a conversation between Naval Ravikant and Babak Nivi. Unless otherwise noted, quotes are from Naval. For reference, check out Naval’s famous How to Get Rich tweet storm.

Key Takeaways

  • Capitalism is innate to the human species in every exchange we have
    • When two people are talking – there’s an information exchange
    • “The notion of exchange and keeping track of credits and debits – this is built into us as flexible social animals”
  • Humans are the only animals in the animal kingdom that cooperate across genetic boundaries
    • Most animals don’t even cooperate – those that do, cooperate only in packs or when they have some shared interest
  • What lets humans cooperate?
    • Keeping track of credits and debts – that’s free market capitalism
  • “Everybody can be wealthy, everybody can be retired, everybody can be successful”
    • It just comes down to education and desire
  • “If you get too many takers, and not enough makers, society falls apart”
    • This results in a communist country
      • Ex. – Venezuela

These notes were edited by RoRoPa Editing Services