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
A capacitor integrates current
So now I have my two capacitor equations; the two forms of the equation. One is I in terms of V, and the other is V in terms of I. We’re going to basically look at this equation here and do a little exercise with it to see how it works. I’m going to draw…
Khan Academy Ed Talks featuring Dr. Jharrett Bryantt - Thursday, Dec. 10
So I’m excited to introduce our guest, Dr. Jharett Bryantt. Jharett, are you there? I’m sorry for the technical difficulties. My internet connection has been spotty, (chuckles) Let’s just call it that. Jharett- - Good to see you too, Sal, how are you? …
Episode 1 Recap | MARS
Previously on Mars, we knew Mars wouldn’t welcome us with open arms. Warning system offline. Permission was switched from primary to backup. “Do it. Prepare for V’s propulsion.” We were ready to give everything to get there. Mission Control, us in datal…
Charlie Munger: How to Invest Small Amounts of Money
Guess what! I just came across a long lost clip of Charlie Munger explaining the three things he would do to generate 50% annual returns investing small amounts of money. This clip looks like it was shot on an iPhone 4, but it is Munger at his absolute be…
Worst Nuclear Accidents in History
Nuclear energy creates an uneasy feeling of danger for many people. Ancient and dangerous minerals are concentrated to awaken seemingly unnatural powers, creating horribly toxic elements that, if they escape, can and have killed people in horrible ways. H…
Insurance terminology | Insurance | Financial Literacy | Khan Academy
Now let’s talk about some of the words you’re likely to hear if you’re dealing with insurance. So the first one is a premium, or an insurance premium, and that’s really just what you’re paying in order to get the insurance. So if you pay, let’s say, 200 …