Capitalism as we know it is a flawed implementation of free market principles.

If you go back far enough in time, human history is an absolute bloodbath of people stealing land and stuff from one another time and time again.

At some point, we have to just say a group had rightful ownership to this property and roll it forward.

In 1830, if you are a healthy, capable human being, you have the ability to go beyond the

margin of cultivation to work free available land. That does not describe the world that you and I live in.

If you don't honor the territoriality of the species, you create social disharmony.

Or do you take the three-year-old's toy away? Then they're naturally angry. Why are they angry?

Because they're a territorial species.

This was a town with 4,000 people.

The mayor of this town introduced a complementary currency that depreciated 1% per month.

People had to purchase stamps for 1% of the face value of the bill and stick them on the bill.

I'm sure you have lots of thoughts.

So I break into your house and steal your TV and I go put it on auction.

That doesn't mean I'm participating in a free market process.

That means I stole your TV and you still own it.

We need to get to the fundamentals of money, which of course is your wheelhouse.

We're going to be talking a lot today about the thinking of this economist Silvio Gazelle.

And he has this idea of the natural economic order that rethinks both capitalism and socialism. And to do that, like any good deep nuanced discussion, we're going to have to start

with defining some terms. So I don't know if you want to start with his life story and a little bit of background on him before we go into the definitions.

Would that make the most sense?

Sure.

Yeah.

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