Review of The Lessons of History

The best economies consist of leaders who delegate tasks into the hands of individuals, enabling them with the power and autonomy to contribute without bureaucracy standing in the way. The reason this works is because these leaders thoroughly vet people for genuine intentionality before putting them to work and then allow them to fail and iterate quickly on their ideas, becoming more knowledgable each time. In fact, skillsets and resumes aren’t very important. What’s important is love, willingness, persistence, and ingenuity — values associated with capitalism, where work actually gets done, more than socialism, where work is often blocked for review by committees. Capitalism can certainly be motivated by excessive greed and pride and that leads to its own evil which we want to alleviate, but more often than not, even when that happens, it results in a less severe outcome than socialism, because at least something is getting done.