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
Introduction to the chi-square test for homogeneity | AP Statistics | Khan Academy
We’ve already been introduced to the chi-squared statistic in other videos. Now, we’re going to use it for a test for homogeneity. In everyday language, this means how similar things are, and that’s what we’re essentially going to test here. We’re going …
The Berkshire Hathaway Shareholder Meeting (From Then To Now)
Warren Buffett, the CEO of Berkshire Hathaway, is without doubt the king of investing. There’s never been anyone with a track record close to his, and it’s unlikely there will be for a very, very long time. Buffett took over Berkshire Hathaway back in 196…
To, two, and too | Frequently confused words | Usage | Grammar
Hello grammarians! Today we’re going to talk about the confusion that happens between these three homophones: these three words that sound exactly the same. The preposition “to,” the number “two,” and the adverb “too.” Now, these words all sound very sim…
Artificial Intelligence - Mind Field (Ep 4)
When she said, “I love you, Harold”… Mm-hmm. What did you say back? Obviously, “I love you too.” Yeah? This is Harold. Harold and I are talking about his girlfriend, Monica. Who said it first, you or her? She said it to me. How’d it feel? It was …
Hierarchies of Competence
Generally speaking, it’s not the case that our hierarchies of competence are reasonably functional and not only are they functional, they’re valuable. We need to know who the competent people are, and we need to reward them. Even more importantly, we need…
Passing Obama’s Stimulus Bill | Obama: The Price of Hope
NARRATOR: Obama needs just two Republican senators to defy their party. He turns to the veteran leader of the Senate Democrats. None of the Republicans who wanted to do something to help wanted to be the 60th vote. So I had to get 61 votes on everything. …