First picture describes the definition of economy. Second picture depicts ome of the mechanics of capitalism, create a business, scale it up and sell it for a profit (since the governments don’t allow me as an owner to just withdraw the company’s money) and enjoy the rest of your work-free life.
Like Peter Thiel, he believes that most people mistakenly equate capitalism with competition, arguing that the goal of a successful capitalist should be to dominate a market, not just to survive in a competitive one.
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First picture describes the definition of economy. Second picture depicts ome of the mechanics of capitalism, create a business, scale it up and sell it for a profit (since the governments don’t allow me as an owner to just withdraw the company’s money) and enjoy the rest of your work-free life.
Like Peter Thiel, he believes that most people mistakenly equate capitalism with competition, arguing that the goal of a successful capitalist should be to dominate a market, not just to survive in a competitive one.
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