The Fatal Conceit: The Errors of Socialism with Aneesh Karve (WiM520)
Aneesh Karve joins me to discuss Friedrich Hayek’s “The Fatal Conceit: The Errors of Socialism,” why order and knowledge are not centrally planned, the state and the “greater good,” money as the life-blood of order, the dangers of demonizing profit, the magic of consensual trade, and Bitcoin’s role in creating prosperity for humanity.
Aneesh Karve is the co-founder and CTO of Quilt and is well-versed in data visualization, entrepreneurship, and Bitcoin.
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// OUTLINE //
0:00 - WiM Intro
1:23 - The Fatal Conceit: The Errors of Socialism
12:29 - Order is Not Centrally Planned
21:07 - The Algorithm of Evolution
33:51 - The Farm at Okefenokee
35:11 - Heart and Soil Supplements
36:11 - Helping Lightning Startups with In Wolf's Clothing
37:03 - The Paradox of Freedom
45:57 - The State and the “Greater Good”
58:12 - Money as the Life-Blood of the Extended Order
1:12:22 - The Demonization of Profit
1:19:15 - Tuttle Twins: Teaching Kids Critical Thinking
1:20:32 - Mind Lab Pro
1:21:42 - Emerge Dynamics
1:22:45 - The Magic of Consensual Trade
1:27:28 - The Role of the State
1:32:36 - The Origins of Liberty, Property, and Justice
1:35:08 - The Evolution of the Market
1:36:25 - The Revolt of Instinct and Reason
1:37:41 - The Fatal Conceit
1:47:42 - Bitcoin as the Best Set of Rules
1:57:05 - Murmuration of Starlings
2:02:09 - Religion and Guardians of Tradition
2:13:07 - God and Markets
2:19:22 - Aesthetics, Beauty, and Bitcoin
2:28:41 - Bitcoin and Unchanging Rules
2:33:17 - Population Growth
2:34:39 - The Curious Task of Economics
2:35:34 - What Did We Miss? Let Us Know in the Comments!
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The Fatal Conceit: The Errors of Socialism with Aneesh Karve (WiM520)
