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
Green Flags Of Financially Educated Person
One of the biggest problems that plagues the happiness of this world is a lack of financial education. Too many people have little to no understanding of how money moves around the world, and you can tell when someone is financially educated by checking f…
An URGENT Warning For ALL Crypto Investors
What’s up guys, it’s Graham here. So, as usual, I had another topic that was planned to post today, but with everything going on, along with some really bad advice spreading around the internet, I decided it was best to postpone that video so that we coul…
AP Microeconomics FRQ on perfect competition | AP(R) Microeconomics | Khan Academy
Is a type of question that you might see on an AP economics exam, and it’s talking about perfectly competitive markets. So it says a typical profit maximizing firm in a perfectly competitive constant cost industry is earning a positive economic profit. S…
Building Dota Bots That Beat Pros - OpenAI's Greg Brockman, Szymon Sidor, and Sam Altman
Now, if you look forward to what’s going to happen over upcoming years, the hardware for these applications for running your own, that’s really, really quickly going to get faster than people expect. I think that what that’s gonna unlock is they’re going …
Everything We Dont Know About the Mind
Consciousness, it’s our awareness, our understanding, our ignorance, our daily Consciousness. Consciousness leaves out more than it takes in, and due to this, it leaves out important things; things that would help relieve us if we knew them. If we had a …
Charlie Munger: The Investment Opportunity of a GENERATION (Last Ever Interview)
Oh boy, do I have a special treat for you guys! Legendary investor Charlie Munger just gave a rare sit-down interview, which is the first new Charlie interview I have seen in years. You’re going to want to stick around to the end of this video because Mun…