Presenter: Michael Heykoop - Why Economies Fail (TVCA751)

Could you design the perfect economy? What do you think the ideal system looks like? You don’t need an economics degree to look around and recognize that something isn’t working. Throughout history, many different systems have been tried. From feudalism to socialism, communism to capitalism, yet none has succeeded in providing a lasting, balanced economy. They all contain the same fatal flaw. Each one overlooks a basic trait of human nature. It’s unlikely that any nation will change its economic policies based on this program. But if you can account for this fatal flaw in your life, the results will be remarkable.