4.8 • 1.9K Ratings
🗓️ 20 November 2019
⏱️ 29 minutes
🧾️ Download transcript
And its name is capitalism
Akimbo is a weekly podcast created by Seth Godin. He's the bestselling author of 19 books and a long-time entrepreneur, freelancer and teacher.
You can find out more about Seth by reading his daily blog at seths.blog and about the workshops at akimbo.com.
To submit a question and to see the show notes, please visit akimbo.link and press the appropriate button.
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0:00.0 | If you want, we've developed something, an extraordinary thing to help you get it. |
0:08.0 | If you want a big box of live ladybugs, if you want glue that even works underwater. If you want a Nicholas Cage |
0:17.0 | mermaid pillow, you can get it. You can get it from the free market, but the free market has a surprising opponent. |
0:27.3 | And if we're not careful, the free market will devour itself. |
0:32.1 | Hey, it's Seth and this is a Kimbo. |
0:37.0 | We'll be back in a second after this message from our sponsor. |
0:47.0 | Imagine walking your child to school each day. |
0:51.0 | Now imagine that you live in a rural area and part of walking your |
0:55.7 | child to school means crossing a dangerous river. That scenario is the real |
1:01.3 | experience of Imundu. |
1:03.8 | Imundu is a seven-year-old girl who lives in Rwanda. |
1:06.6 | She leaves home at 6 a.m. for school with her dad and crossing the river for them |
1:12.0 | meant wading through it. |
1:14.0 | Until last year, if the river was flooded, |
1:17.0 | Emundu and her father would be forced to turn around |
1:20.0 | and she would miss her opportunity for education. |
1:23.0 | Stay with us and later in this episode we'll share the rest of Amundu's story. You don't need Adam Smith to tell you that the peer-to-peer free market has an invisible hand, somehow figuring out the things that |
1:48.2 | you want or maybe even need, and somehow alerting people who want to fight with each other to help you get it |
1:56.7 | more easily and more cheaply. We call it the free market. The thing is this free market, buyers and sellers, people scurrying around |
2:07.2 | to try to figure out what others want, is fragile indeed. It's rarely free and it's hardly stable. And some people, the people |
2:17.9 | who have drunk the Milton Friedman flavor aid will tell you that the enemy of the free market is government regulation. |
2:26.9 | I'm not sure that's true. |
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