Discover the entrepreneurial mindset that empowers people across cultures in this thought-provoking discussion. This interview dives deep into the economic principles that unlock human potential. Gregory V. Diehl shares insights from his book "Everyone Is an Entrepreneur," chronicling his experience spreading Western economic mentality in post-Soviet Armenia and elsewhere. He breaks down common economic fallacies and blindspots that hold societies back.

Everyone Is an Entrepreneur: [ Ссылка ]
Ամեն ոք ձեռներեց է: [ Ссылка ]
Our Global Lingua Franca: [ Ссылка ]
Brand Identity Breakthrough: [ Ссылка ]
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Kalavan village, Armenia: [ Ссылка ]

00:00:00 Everyone starts at zero ability to willfully interact with reality and get what they want. They gradually gain it by applying knowledge, skills, and tools in entrepreneurial ways.
00:03:38 Physical strength and ability is not the primary source of willful mastery in life. Useful knowledge is.
00:07:32 Gregory’s book, Everyone Is an Entrepreneur, is about the experience of spreading Western cultural mentality about economics in the aftermath of communism in Armenia and other post-Soviet countries.
00:09:53 The difference between capital goods and consumptions goods: delayed vs. immediate satisfaction
00:12:10 What is an entrepreneur in principle? The “no true entrepreneur” fallacy.
00:16:13 The division of labor and economic synergy to produce subjective value
00:18:35 Post-Soviet societies like Armenia fail to understand and employ economic entrepreneurial principles. The USA has a cultural history of encouraging their understanding and use.
00:22:01 The government is like a parent protecting its children from the consequences of their actions. The stronger the government's influence in an economy, the less people are able to make their own choices.
00:24:54 Developing economies like Armenia frequently don’t fully understand the concept of private property and individual discretion. Shame is their dominant emotion.
00:30:08 Intergenerational cultural conditioning overpowers individual reason and choice, slowing the development of entrepreneurial progress.
00:33:26 Economics is objective and absolute, not a relative or subjective preference. Enabling people to make their own choices and pursue their own acquisition of wealth leads to greater economic equilibrium.
00:34:41 Wealth is not money. It’s the things money represents and can do: productive human output in any form we consider valuable.
00:38:06 The fixed resource, zero-sum mentality fallacy. Thanos in Avengers: Infinity War failed to understand that industrial societies can easily produce resources faster than they produce people to consume them.
00:42:11 “If you improve knowledge, skills, and tools, you can increase the rate at which you produce the stuff that prevents poverty. If you make tools and knowledge faster than you make babies, you don’t have poverty anymore.”
00:43:24 Poverty-minded people have as many babies as possible in the hopes that one of them grows up to get a good job (or marries someone with a good job) and supports the rest of the family for life.
00:45:03 What Wealth Is and Where It Comes From and the importance of defining your terms.
00:47:36 Anti-Entrepreneurial Biases, Misinformation and Obstacles across different countries and cultures.
00:50:15 How almost everyone misunderstands Supply & Demand. Demand is your perception of what you want. Supply is your perception of your options for acquiring what you want.
00:55:09 The key to understanding economics is asking the question, “At what point does the law of Supply & Demand stop applying?” It’s analogous to natural selection and the biological evolution of species or the laws of physics.
00:59:01 How the paradigm shift of seeing economics as an absolute concept that applies to everything everyone ever does empowers people — for Americans, Armenians, and everyone in between.
01:04:15 Sales and marketing, pricing, brand identity, and the entrepreneurial paradigm applied in reality in all the familiar ways we know.
01:08:55 The only kind of person who should read Everyone Is an Entrepreneur.

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