Richard Hanania's Newsletter β’ 1779 implied HN points β’ 23 Dec 24
- Elite Human Capital institutions emerge when smart and idealistic people come together, seeking truth and shared values over just making money. These communities form naturally as individuals find others like themselves.
- Wealth-maximizers and meaning-maximizers represent two paths that people can take in these communities. While some focus on financial success, others prioritize making meaningful contributions to society.
- Authoritarian regimes often suppress elite human capital because educated people pose a threat to their power. When these institutions are stifled, it can hinder a country's overall progress and development.