Episode 76: Socialism and Capitalism...What is the correct balance?
Joe and I try and understand the concepts of 'socialism' and 'capitalism' and what these concepts look like in their absolute form and the various shortcomings each of these systems has.
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Topics:
◉ "I won't milk the cows."
◉ Liberty versus equality.
◉ Both systems can lead to extreme tyranny.
◉ Are we entitled to baseline rights, to pursue freedom?
◉ The answer for now is really a mixed economy...but just how mixed?
◉ Government and businesses are an unwritten form of checks and balances.
◉ The two buckets of socialism...needed and unneeded benefits.
◉ What is the maximum that we can give to people without killing incentive?
◉ The rising tide of sufficiency.
◉ How to correctly redistribute....(to be continued)
