Part 4/10:
One of the central discussions revolved around the evolution of capitalism and its relationship with inequality. Gary pointed out that capitalism thrives in environments with room for growth—what he termed "new frontiers." He illustrated how, as societies mature, the absence of these frontiers leads to increased competition over existing resources, typically to the detriment of lower and middle-class citizens.
The historical context provided by Gary alongside Jimmy’s insights paints a picture of economic frameworks that ideally should allow any individual to thrive based on merit alone, yet they often fall short due to entrenched inequalities. As land and resources become more limited, those who already hold wealth can simply outbid those struggling to gain a foothold.