# 322. Principles of Economics Lecture 12: Capitalism

Page: https://stenobird.com/podcast/the-bitcoin-standard-podcast-1143799/322-principles-of-economics-lecture-12-capitalism
Text version: https://stenobird.com/podcast/the-bitcoin-standard-podcast-1143799/322-principles-of-economics-lecture-12-capitalism.md
Podcast: [The Bitcoin Standard Podcast](https://stenobird.com/podcast/the-bitcoin-standard-podcast-1143799)
Published: 2026-04-21T08:00:00+00:00
Episode link: https://www.buzzsprout.com/1849151/episodes/19050960-322-principles-of-economics-lecture-12-capitalism.mp3
Audio file: https://www.buzzsprout.com/1849151/episodes/19050960-322-principles-of-economics-lecture-12-capitalism.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/the-bitcoin-standard-podcast-1143799/episodes/322-principles-of-economics-lecture-12-capitalism
Duration seconds: 3526

## Resource

Twelfth lecture of Principles of Economics explores capitalism as the system of private ownership of capital goods, how free capital markets allocate resources to their most productive uses through profit and loss, why economic calculation requires private property, and why socialism fails without it. Get all course notes and slides on saifedean.com/poecourse Sponsors: Crowdhealth - https://www.joincrowdhealth.com/ Daylight - The computer, de-invented - https://daylightcomputer.com/ CoinKite ...

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-bitcoin-standard-podcast-1143799/episodes/322-principles-of-economics-lecture-12-capitalism/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/the-bitcoin-standard-podcast-1143799/322-principles-of-economics-lecture-12-capitalism.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.