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FOUNDER SERIES 10.5 - MYTHS ABOUT CAPITALISM - WILLIAM EASTMAN

12/8/2022

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Today I intend to take on all the sacred cows, the myths the perpetuate economic lies.

If you follow IBGR.News, it is obvious we are capitalists - entrepreneurial capitalists to be exact.

We believe that the 380 million small business owners who employ 57% of the planet are the most important community.
EPISODE 21: They Keep Us Stupid on Purpose
I know this an inflammatory statement to start a show, but it is true. 

The reason for the statement is simple. If you could intelligently decipher the BS espoused by politicians, thought leaders, and media talking heads.

Imagine the second a legislator or prime minister makes a statement about the latest policy, you could smell the #$%^ over the TV or radio?

They need you stupid to sell what doesn't work - or least the vast majority of pundits.

EPISODE 22: The 10 Myths - 1 to 5
I scoured the internet and found several great lists of capitalism myths. It was compile by people who understand economics and have a historical perspective. One of things that makes the 'dismal science' understandable is looking at prior economic decisions and the subsequent impact.

Topics:
  • Capitalism Was Created
  • Capitalism Creates Poverty
  • Capitalism Is Unstable
  • Capitalism Creates Obscene Profits
  • Capitalism Creates Misinformation

EPISODE 23: Myths 6 to 10
Wasn't that fun? Hope fully I punctured a few myths and don't believe me - do it for yourself. The easiest place to start is look at the following recessions / depressions and policy decisions - what happened?

Topics:
  • Capitalism Leads to Environmental Destruction
  • Capitalism Leads to a Concentration of Power
  • Capitalism Leads to Globalization
  • Capitalism Leads to Lower wages and Benefits
  • Capitalism Rewards Racism and Segregation

EPISODE 24: How to Up Your Game
This is on you. Nobody really wants you intelligent on the topic because you will call them out.
​
Topics:
  • Listen to IBGR.News
  • Read the IBGR.News Newspaper
  • Reading List:
    • Wealth of Nations - Adam Smith
    • Economics in One Lesson - Henry Hazlitt
    • Creative Destruction - Joseph Shumpeter
    • Road to Serfdom - Friedrich Hayek
    • Follow the Mises Institute

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