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
Warren Buffett: How to Invest During High Inflation
Stocks sell at silly prices from time to time. It doesn’t take a high IQ to figure out that they’re cheap, but it does take a temperament that’s willing to step up and actually act. That, there, as I’m sure you are all aware, is Mr. Warren Buffett, the 92…
How They Caught The Golden State Killer
This video includes a discussion of serious crimes, which may be disturbing for some viewers, so I wanted to let you know that upfront. But I think it’s necessary to talk about these crimes in some detail for reasons that will become apparent. In the smal…
Horizontal tangent to implicit curve | AP Calculus AB | Khan Academy
We’re told to consider the curve given by the equation that gives this equation. It can be shown that the derivative of y with respect to x is equal to this expression, and you could figure that out with just some implicit differentiation and then solving…
The Stock Market Crash Of 2022 | What You Must Know
What’s up guys, it’s Graham here. So, initially, I had another video scheduled and ready to post today, but given what’s going on in the stock market and the very sudden decline of everything from index funds to cryptocurrency, I felt like it would be mor…
Why Does The Earth Spin?
So, I’m down in West Vancouver, British Columbia, which is where I grew up. At the local beach, there is this 2 and 1⁄2 ton granite sphere that was made to have a tolerance of 200s of a millimeter. This is an amazing granite sphere, and it’s floated on a …
Ecology introduction | Ecology | Khan Academy
We’re now going to start looking at ecology, which is just a study of how life interacts with other life or how living things interact with each other and their environment. So you could think of it as, well, how is life interacting with living things? S…