Ideologies like communism and socialism have seen a massive decline in popularity over the years. Countries such as Venezuela are seen as the final nail in the coffin for the economic systems. On the other hand, global capitalism has taken a drastic knock, particularly after the 2008 global financial crisis left many people financially destitute. Ordinary citizens around the world continue to band together to fight corruption and grotesque abuse of funds either by the private sector or by governments. So, given the above, can we take the best of communism and capitalism and create a socio-economic utopia?

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No doubt you’ve heard the expression, “Cryptocurrency is the future of money”… but have you ever stopped to consider what money actually is, and how crypto is different? Luno’s Karalee Kleinschmidt talks about the differences – and similarities – between money as we know it and cryptocurrencies.

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Kanthan Pillay and Dawie Scholtz join Gareth for some topical conversation. With the recent spate of resignations and reshuffling in the Democratic Alliance, the panel give their analysis on the matter. On the back of yesterday’s Budget speech, the two guests weigh in with their opinions, and, we get their thoughts on what the best solution is for Eskom with their current debt. Brought to you by Nando’s.

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As cities continue to grow at an unprecedented rate, so do opportunities for the development of local economies. Spatial design is crucial to consider during the growth phases of a city because growth means opportunity for business, business means people, people mean housing and services. Past trends suggest that where lucrative jobs are being created, the price of living space increases, often creating a barrier for social and financial exclusion. Would encouraging the relocation of large businesses into peri-urban areas break down the current barriers?

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Ginger… turns out we need it in life. But more importantly, Gareth has some interesting insights around ageing and cortisol. ‘Chernobyl’ – the show and podcast – gets discussed, which then leads to Godzilla, and Thuli Madonsela and Helen Zille sit down for tea and cake. The latest news and sport from there, plus Siya’s positivity feature for your day.

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Senior Fellow at the Institute of Economic Affairs, Kristian Nietmetz joins the Renegades this week. Kristian explains how totalitarianism is an inevitable feature of socialism and gives a lengthy explanation as to the collapse of Venezuela. Roman wonders why socialism is still defended by rich westerners, and Jonathan explores the ‘no true Scotsman’ fallacy.

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Can government get their hands on your cryptocurrency profits? What are the dangers of the market falling apart? Who understands this – inside the structures that currently exist – better than anyone else? Gareth Cliff speaks to Dr Arif Ismail, Head of Fintech at The South African Reserve Bank. Decrypto is powered by Luno.

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