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
Deep Inside the First Wilderness | Podcast | Overheard at National Geographic
What are you doing, Katie? Oh, I’m just uh heading over to this other rock to get uh the clearest shot of this amazing landscape. So, this other rock that’s like on the edge of a cliff? Just another rock that has about a 955-foot drop to the river in t…
Safari Live - Day 162 | National Geographic
This program features live coverage of an African safari and may include animal kills and carcasses. Viewer discretion is advised. One minute, please. Always remember to switch the lights off. We’re ready for safari! Sorry, everybody, you know sometimes t…
Second partial derivative test example, part 1
So one common type of problem that you see in a number of multivariable calculus classes will say something to the effect of the following: find and classify all of the critical points of, and then you’ll insert some kind of multivariable function. So fi…
Drying Fruits and Vegetables | Live Free or Die: How to Homestead
[Music] What I want to do today is show you how I dry my fruit when I have extra. Then I’ll show you some other things that I also like to [Music] dry. So, the thinner you slice the apples, the faster they’re going to dry. If you don’t slice them thin en…
Founder burnout happens a lot. A good co-founder can help shoulder the load.
All right, so the question is: I’m feeling burned out; my co-founder isn’t. What should we do? Look, I think the reality of building a company for years and years is that there are going to be certain times where you’re feeling more energy and times wher…
Charlie Munger's New Warning for the 2023 Stock Market
I used to come to the Berkshire annual meetings on coach from Los Angeles, and it was full of rich stockholders, and they would clap when I came into the coach section. I really like that. Holly mentioned Warren Buffett’s right-hand man, the vice chairma…