The profit vs plunder motive (E1715)
In this episode of Keiser Report, Max and Stacy discuss how the profit motive is better than the plunder model in terms of achieving favorable long-term outcomes for an economy. Hegemonic powers going back thousands of years have ultimately resorted to the plunder rather than competitive profit model and inevitably end up losing their power as a result. They discuss the Great Hashpower Migration out of China as an example. In the second half, they continue with the second part of the most talked about event of Bitcoin 2021: Max interviewing Michael Saylor about the reason he bitcoins, and what next on the road to hyperbitcoinization.
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