naval ravikant

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

Naval's Podcast and Periscope Sessions : , , , ,
Notes By MMiller

More Notes on these topics

Top Insights and Tactics From

31 Best Podcasts of All Time

FREE when you join over 12,000 subscribers to the
Podcast Notes newsletter

No Thanks