So many people come to me with their idea of how to make Wikipedia better by having a price system of bidding on, you know, and you could stake your claim.

And if you got reverted, you would lose your money.

And I was just like, yeah, let's put the truth up for the highest bidder.

Now, that doesn't make any sense.

I'm Bethany McLean.

Did you ever have a moment of doubt about capitalism and whether greed's a good idea?

And I'm Luigi Zengalis.

We have socialism for the very rich, rugged individualism for the poor.

And this is Capital Isn't, a podcast about what is working in capitalism.

First of all, tell me, is there some society you know

that doesn't run on greed? And most importantly, what isn't? We ought to do better by the people

that get left behind. I don't think we shouldn't kill the capital system in the process.

So, Luigi, you have been lobbying me for months to interview Jimmy Wales, the founder of Wikipedia,

about his new

book, The Seven Rules of Trust. I do not understand why a not-for-profit encyclopedia is interesting

for a podcast about capitalism. Let me explain. One of the key justification for the superiority of

a capitalist economy, in respect to a centrally planned ones, comes from a 9045 paper by

Frederick Hayek.

And Hayek starts from the premise that information is highly dispersed across society's

members, and since no central body can gather all this widely dispersed information needed

to allocate resources, we need to push down

the decision power to where the information is. So in other words, we need to decentralize

...