Name: 【TED】Bhu Srinivasan: Capitalism isn't an ideology -- it's an operating system (Capitalism isn't an ideology -- it's an operating system | Bhu Srinivasan)
Uploaded: 2018-03-06T21:48:29.000Z
Duration: 6 min 11 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Adverbs of manner

Capitalism, fundamentally, is a series of marketplaces.

a marketplace for trucks that transport lemons,

marketplaces that sell wood to build lemonade stands.

However, capitalism of course, as we know,

And I'm here to argue that this is because capitalism,

in the modern iteration, is largely misunderstood.

capitalism should not be thought of as an ideology,

but instead should be thought of as an operating system.

Your iPhone merges hardware with software.

Now think about all the hardware as the physical reality all around you,

and think of the apps as entrepreneurial activity,

And in-between, you have an operating system.

And the operating system needs to keep up.

It needs to be patched, it needs to be updated,

And all of these things have to happen symbiotically.

The operating system needs to keep getting more and more advanced

when you think about it as an operating system,

away from what traditional defenders of capitalism think.

you'll notice, before the founders even got to the First Amendment --

with free speech, free religion, free press,

they thought about patents and copyright.

They talked about the government's role in promoting arts and sciences.

It's the reason why I could not start a search engine tomorrow called Goggle.

but I couldn't do it because there could be some confusion.

So even property rights have ambiguity built into them.

And by 1900, you have other types of property that come into being.

For instance, imagine that in 1900, you owned 100 acres of land

It's very easy to see where your fence ends,

because other than the novelty of a few hot-air balloons,

Now all of a sudden, it was very much relevant

whether your land ends at 1,000 feet in the sky,

And you have to have someone arbitrate that.

And indeed, that's exactly what happened.

when Amazon wants to deliver a package over your house to your neighbor

we're going to have to decide: Does you property end at five feet,

that will tell you where your property ends.

we're going to see this with automobiles.

A few years after the Wright brothers figured out flight,

human beings started using more and more cars.

the regulatory system -- the operating system --

had to be patched to all of a sudden address the safety of consumers.

That the consumers of vehicles were presenting danger to horses,

other pedestrians, trolleys, what have you.

the drivers of these automobiles had to have driver's licenses, eye exams,

so that horses, pedestrians, could coexist with cars.

So a new invention had to basically fit advances from the past.

we're going to see the same thing with self-driving cars --

The reason why this is important, is in 10 years,

another thing is going to happen beyond drones and self-driving cars,

but you're going to see the most valuable economy in the world --

is going to be a country run by communists.

The Chinese seem to be very good at capitalism.

And this is going to have fundamental problems

and present an identity crisis for the United States.

【TED】Bhu Srinivasan: Capitalism isn't an ideology -- it's an operating system (Capitalism isn't an ideology -- it's an operating system | Bhu Srinivasan)

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【TED】Bhu Srinivasan: Capitalism isn't an ideology -- it's an operating system (Capitalism isn't an ideology -- it's an operating system | Bhu Srinivasan)

ultimately

relevant

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present