yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Society Needs THESE Two Things in Order to be Successful


less than 1m read
·Nov 8, 2024

History has shown that there are only two things a society needs in order to be successful. The first is the ability to provide a good education to most people that teaches them skills and civility so they can be productive. In other words, the development of human capital. From the start, this teaching typically comes from parents and teachers who instill good values and principles to be productive with others.

The second is an environment that gives people the resources so that they can be productive. At its best, that environment provides financial capital that comes from investors, banks, and capital markets to invest in those who are capable of being productive. This environment must be a civil place to live, work, and raise one's families. Ideally, one in which there are many exciting people doing many exciting things, so that it is a creatively stimulating environment.

In other words, having the right people in the right environment that supports productive creativity throughout the life cycle is what it takes.

More Articles

View All
How to Build Success by Doing Easy Things (Animation)
This video is a collaboration with Beautiful Science. Be sure to check out their incredible channel after the video. So, if you’re like most people, you’ve had a vision of your potential future self. The more successful, better-groomed, richer, happier v…
Peter Lynch: How to Invest Like a Pro (rare clip)
The price of a stock will follow the direction of earnings in almost every case. You can generally state if a company’s earnings go up sharply, the stock’s going to go up. If earnings go from very poor to mediocre, the stock’s probably going to rise. If t…
Teaching a Fixated Dog to Focus | Cesar Millan: Better Human Better Dog
For me, it’s easier to rehabilitate an aggressive dog than a fixated dog. While working with fixated and overexcited kelpie Shadow, Caesar discovers the dog has forgotten how to behave like a dog. “That’s my girl! Let’s go swimming!” To prevent aggressio…
Money creation in a fractional reserve system | Financial sector | AP Macroeconomics | Khan Academy
Let’s say for some reason you had lent the government one thousand dollars, and so the government has given you a formally issued piece of paper that says, “Hey, we the government owe you one thousand dollars.” This is issued by the treasury. This could b…
What Would Elon Musk Work On If He Were 22?
You famously said when you were younger there were five problems that you thought were most important for you to work on. If you were 22 today, what would the five problems that you would think about working on be? Well, I think if somebody is doing some…
This is what 65% of Millionaires ALL have in common...
What’s up you guys, it’s Graham here. So I put something interesting the other day, and that was it: 65 percent of millionaires have three sources of income, 45 percent of millionaires have four sources of income, and 29 percent of millionaires have five …