1 00:00:01,100 --> 00:00:05,600 Free market liberalism is the social system of a civil society 2 00:00:05,700 --> 00:00:09,200 based on and protective of personal Liberty and human 3 00:00:09,500 --> 00:00:12,200 betterment. Socialism is the anti social 4 00:00:12,200 --> 00:00:17,300 system of politics over people governmental power instead of 5 00:00:17,300 --> 00:00:20,600 peaceful and free association and a handful of imposed 6 00:00:20,600 --> 00:00:25,000 political plans. Instead of a pluralism of as 7 00:00:25,000 --> 00:00:28,600 many plans as there are people in the world welcome to Keith's 8 00:00:28,600 --> 00:00:29,900 night. Don't tread on anyone in. 9 00:00:30,000 --> 00:00:32,900 The libertarian Institute today. I'm joined by dr. 10 00:00:33,100 --> 00:00:38,000 Richard eberling author of for a new liberalism doctor rebelling. 11 00:00:38,000 --> 00:00:40,900 Thank you so much for your time. It's a pleasure to be with you. 12 00:00:40,900 --> 00:00:43,800 Thanks for having me on. What is liberalism? 13 00:00:45,700 --> 00:00:47,600 That's a very interesting question. 14 00:00:48,900 --> 00:00:52,800 It all depends upon the part of the world you're living in and 15 00:00:52,800 --> 00:00:55,200 the period of time you're talking to as well as the people 16 00:00:55,200 --> 00:01:00,700 you're talking to. Originally liberalism that is in 17 00:01:00,700 --> 00:01:04,200 the 18th and the 19th century was viewed as a political 18 00:01:04,200 --> 00:01:06,400 philosophy. Dedicated to the principles of 19 00:01:06,400 --> 00:01:11,500 individual liberty based upon a foundational notion of 20 00:01:11,500 --> 00:01:15,700 individual rights in the context of which each person's life and 21 00:01:15,700 --> 00:01:19,500 property honestly, acquired property would be viewed as the 22 00:01:20,100 --> 00:01:23,500 singular or at least primary responsibility of government to 23 00:01:23,500 --> 00:01:26,300 secure and protect outside of that. 24 00:01:26,400 --> 00:01:30,800 That each individual was viewed as at Liberty to guide his own 25 00:01:30,800 --> 00:01:34,700 life, by his own purposes goals, dreams wishes values. 26 00:01:35,300 --> 00:01:39,000 Either on his own or in peaceful involuntary, Association and 27 00:01:39,000 --> 00:01:40,900 interaction and exchange with others. 28 00:01:41,600 --> 00:01:46,000 That was the ideal of the 19th century of the liberal system of 29 00:01:46,000 --> 00:01:51,800 ideas, as I explained in the book, in an early chapter, it 30 00:01:51,800 --> 00:01:55,300 brought great Liberation. It was the movement that ended 31 00:01:55,300 --> 00:01:58,500 Global slavery. It was the movement that rapidly 32 00:01:58,800 --> 00:02:03,200 made the case for wider personal and civil liberties that made 33 00:02:03,200 --> 00:02:06,400 the case for entering the government restrictions on trade 34 00:02:06,400 --> 00:02:11,700 and and and regulation of both domestic and international 35 00:02:11,700 --> 00:02:13,900 Affairs. That made the case that 36 00:02:13,900 --> 00:02:16,600 government should be more responsible to through 37 00:02:16,600 --> 00:02:19,600 representative government to the citizen rate rather than the 38 00:02:19,600 --> 00:02:22,700 government directing operator Ali people's lives. 39 00:02:23,000 --> 00:02:26,400 And finally, they were very active in making the case. 40 00:02:26,600 --> 00:02:28,900 Bring about International and world peace. 41 00:02:29,800 --> 00:02:33,300 They often said that if you eliminate the trade barriers 42 00:02:33,300 --> 00:02:36,100 among countries and while people, as private citizens to 43 00:02:36,100 --> 00:02:42,700 freely trade exchange produce and consume your D politicize. 44 00:02:42,900 --> 00:02:45,500 Most, if not, all of the frictions that historically 45 00:02:45,500 --> 00:02:49,000 brought about wars and conflicts among nations, and they also are 46 00:02:49,000 --> 00:02:51,500 great Advocates of peaceful arbitration. 47 00:02:51,800 --> 00:02:54,900 If there are disputes about country that countries better to 48 00:02:55,100 --> 00:02:58,000 do it through peaceful. To find a solution rather than 49 00:02:58,000 --> 00:03:03,200 turning to combat in war. walk me through I can just add 50 00:03:04,000 --> 00:03:08,300 unfortunately in the 20th century especially in the United 51 00:03:08,300 --> 00:03:13,300 States that meaning was changed in the late 19th century to 52 00:03:13,500 --> 00:03:17,700 anti-liberal movements had Arisen socialism and nationalism 53 00:03:18,300 --> 00:03:22,300 and many people who were sympathetic towards socialism 54 00:03:23,200 --> 00:03:27,600 decided to say well there's the older liberalism and but they 55 00:03:27,600 --> 00:03:31,300 were merely - oh government should Not restrict, you should 56 00:03:31,300 --> 00:03:34,000 government shouldn't control, you government should prevent 57 00:03:34,000 --> 00:03:36,000 shouldn't prevent you from worshiping with the way you 58 00:03:36,000 --> 00:03:40,800 want, writing what you wanted, but they needed to be a positive 59 00:03:40,800 --> 00:03:45,100 side of liberalism and that was the Socialist influence, and 60 00:03:45,100 --> 00:03:47,800 that well government had to do positive things for the people, 61 00:03:47,900 --> 00:03:51,300 redistribute wealth regulate, the market to see that people 62 00:03:51,300 --> 00:03:54,600 were treated fairly, and unfortunately, that is the 63 00:03:54,600 --> 00:03:59,200 conception of liberalism, this more modern pro-government 64 00:03:59,200 --> 00:04:02,800 activists. That liberalism has become in 65 00:04:02,800 --> 00:04:06,100 the United States particularly since the early decades, and 66 00:04:06,200 --> 00:04:11,300 particularly, since the 1930s in the India, in the u.s. in 67 00:04:11,300 --> 00:04:13,900 Europe, for the most part, liberalism has more of the 68 00:04:13,900 --> 00:04:18,500 traditional connotation. Walk me through what's wrong 69 00:04:18,500 --> 00:04:22,000 with this mindset. This is the sitting president of 70 00:04:22,000 --> 00:04:27,800 America Joe Biden in reference to a large spending package. 71 00:04:27,900 --> 00:04:31,100 He says that we're looking at this completely wrong, he says 72 00:04:31,600 --> 00:04:35,500 it is zero price. Tag on the debt were paying. 73 00:04:35,700 --> 00:04:37,000 We're going to pay for everything. 74 00:04:37,000 --> 00:04:40,400 We spend every time I hear this is going to cost. 75 00:04:40,500 --> 00:04:45,300 ABCD, the truth is based on a commitment that I made it's 76 00:04:45,300 --> 00:04:48,200 going to cost. Thing because we're going to 77 00:04:48,200 --> 00:04:51,200 raise the revenue. Good thing about government is 78 00:04:51,200 --> 00:04:54,100 there are not costs whereas in the private sector there are 79 00:04:54,100 --> 00:04:56,200 costs. What's wrong with that mindset? 80 00:04:56,300 --> 00:05:00,300 Well, of course, his sleight of hand when he presented. 81 00:05:00,300 --> 00:05:04,000 His, the case for his spending in that context was up, he 82 00:05:04,000 --> 00:05:07,800 basically said, well, the vast majority of the people, if I had 83 00:05:07,800 --> 00:05:10,200 my way, we would not have to pay for these programs. 84 00:05:10,700 --> 00:05:15,400 Well, what I will do is I will tax the rich Personal taxes on 85 00:05:15,400 --> 00:05:20,100 the wealthy, raising corporate income, taxes, and other levies 86 00:05:20,100 --> 00:05:22,900 on corporations, would all sort of paper. 87 00:05:22,900 --> 00:05:26,100 So in other words, it's basically saying, I promise not 88 00:05:26,100 --> 00:05:32,000 to impose a tax cost on you who I want to vote for me and 89 00:05:32,000 --> 00:05:35,300 support me. I'm going to tax the people who 90 00:05:35,300 --> 00:05:39,100 well you don't like and I don't like and who cares if they have 91 00:05:39,100 --> 00:05:43,300 less money and that way by taxing them, I won't have to 92 00:05:43,300 --> 00:05:46,800 have The federal government borrow the money and that way, 93 00:05:46,800 --> 00:05:50,000 it's not increasing the debt. And at the same time, you're 94 00:05:50,000 --> 00:05:52,500 getting a free lunch. Now, of course, nothing has a 95 00:05:52,508 --> 00:05:56,600 free lunch to tax. The wealthy is to tax capital 96 00:05:56,800 --> 00:06:00,500 and to tax Capital means the savings investment process out 97 00:06:00,500 --> 00:06:03,500 of which technological improvements come production, 98 00:06:03,500 --> 00:06:07,800 occurs, jobs are created. So basically, this is the old 99 00:06:07,800 --> 00:06:11,500 sleight of hand that taking from Peter, to give to Paul and 100 00:06:11,500 --> 00:06:15,300 creating the impression. That pole in receiving, this has 101 00:06:15,300 --> 00:06:17,200 no cost, but there was always a cost to it. 102 00:06:18,500 --> 00:06:23,000 How can we empirically test whether or not liberalism helps 103 00:06:23,100 --> 00:06:31,000 the poor? Well compare things. 200 years 104 00:06:31,000 --> 00:06:34,300 ago to today, let me give some examples. 105 00:06:35,000 --> 00:06:40,800 If I may in 1820, there was approximately according to 106 00:06:40,800 --> 00:06:44,200 economic historians and demographers approximately 1 107 00:06:44,200 --> 00:06:46,600 billion people in the end on the entire planet. 108 00:06:48,000 --> 00:06:52,100 Out of that 1 billion people approximately, it is estimated 109 00:06:52,100 --> 00:06:56,900 Again by economic historians and demographers that about 90% of 110 00:06:57,400 --> 00:07:01,300 the entire world, population lived in poverty, and many in 111 00:07:01,300 --> 00:07:03,600 abject poverty. That means like, I don't know if 112 00:07:03,600 --> 00:07:08,100 I'm eating anything tomorrow, fast forward to today. 113 00:07:08,900 --> 00:07:12,200 There is in the world today. Approximately seven point, eight 114 00:07:12,200 --> 00:07:15,500 billion people write from 1 billion to seven point. 115 00:07:15,500 --> 00:07:19,900 Eight billion people. In 200 years, but in spite of 116 00:07:19,900 --> 00:07:22,900 that dramatic increase in the number of mouths to feed. 117 00:07:24,400 --> 00:07:30,500 Again and this is from the United Nations data and the 118 00:07:30,500 --> 00:07:33,100 international monetary fund, the world bank, right? 119 00:07:34,400 --> 00:07:41,500 Very respectable, you know mainstream ngos Today out of the 120 00:07:41,500 --> 00:07:46,300 seven point, eight billion people less than 10% live in 121 00:07:46,300 --> 00:07:48,900 poverty. So, we've had this explosion of 122 00:07:48,900 --> 00:07:52,900 the population of the world and this dramatic decrease in the 123 00:07:52,900 --> 00:07:56,100 property conditions. Now, that doesn't mean that 124 00:07:56,100 --> 00:08:00,500 those who still live in poverty, are not living lives that. 125 00:08:00,500 --> 00:08:03,900 None of us would want to live, but what it does, demonstrate is 126 00:08:03,900 --> 00:08:06,700 that liberalism by freeing markets, freeing individuals to 127 00:08:06,707 --> 00:08:09,700 be creative Innovative at Liberty to follow them. 128 00:08:10,400 --> 00:08:15,500 Plans to freely associate with others where gains for for trade 129 00:08:15,500 --> 00:08:19,600 seem to be evident and likely has blossomed in created this. 130 00:08:20,000 --> 00:08:27,200 Another example and the in around 1820 in Europe the life 131 00:08:27,200 --> 00:08:30,400 expectancy even in quote, more advanced countries at that time. 132 00:08:30,400 --> 00:08:34,799 Great Britain, France, etcetera, life expectancy was in your 30s. 133 00:08:35,299 --> 00:08:37,700 You were ancient if you live in to your early 40s. 134 00:08:38,400 --> 00:08:42,500 Today in the West in particular life expectancy is into into the 135 00:08:42,500 --> 00:08:46,600 80s and now even in what we used to call the third world 136 00:08:46,600 --> 00:08:50,600 countries developing countries, Asia Africa, Latin America, even 137 00:08:50,600 --> 00:08:54,100 their life expectancies have gone from under thirty two 138 00:08:54,100 --> 00:08:58,400 hundred years ago, to the 60s and beginning into the 70s. 139 00:08:58,500 --> 00:09:01,700 This is a dramatic increase and the other thing that I should 140 00:09:01,700 --> 00:09:07,000 point out because it's raised all income inequality, 200 years 141 00:09:07,000 --> 00:09:12,000 ago, you had the king, you had the aristocracy those connected 142 00:09:12,000 --> 00:09:16,200 with the state approved and state, cooperating religious 143 00:09:16,800 --> 00:09:21,200 establishments, and they live a good life by the economic 144 00:09:21,200 --> 00:09:24,200 standards of that time. We would find those standards 145 00:09:24,200 --> 00:09:28,600 unacceptable today in comparison to everyone else, who is poor. 146 00:09:28,900 --> 00:09:34,000 That is a huge inequality today in a country, like America, what 147 00:09:34,000 --> 00:09:37,000 is the difference between being Rich and poor for most people. 148 00:09:37,700 --> 00:09:41,700 Do I have one flat screen TV at home or two or three? 149 00:09:42,100 --> 00:09:45,100 Do I have one car or two or three? 150 00:09:46,000 --> 00:09:51,400 Do I go out and eat at a nice restaurant twice a month or only 151 00:09:51,400 --> 00:09:56,300 once a month. And another example of this is 152 00:09:56,300 --> 00:09:59,500 that the bountifulness of food the improvements in living 153 00:09:59,500 --> 00:10:04,900 conditions of medical care of Keith convenience and ease all 154 00:10:04,900 --> 00:10:09,700 of these Are the products of freeing people to find creative 155 00:10:09,700 --> 00:10:14,300 ways to make their lives better in free association with others 156 00:10:14,300 --> 00:10:19,100 in the competitive Marketplace? Cat Liberal, Liberal free 157 00:10:19,100 --> 00:10:24,800 markets, have transformed the world from for from poverty and 158 00:10:24,800 --> 00:10:28,200 despair and conflict and cruel, Kings. 159 00:10:28,200 --> 00:10:32,200 And corrupt Aristocrats to World of unbelievable. 160 00:10:32,600 --> 00:10:36,000 Equality of not just opportunity, but standards of 161 00:10:36,000 --> 00:10:38,000 living. And this is now increasingly 162 00:10:38,000 --> 00:10:43,400 Global and where these, these these Pockets exist, where life 163 00:10:43,400 --> 00:10:46,300 is a lot less than that. Well, where should you turn for 164 00:10:46,300 --> 00:10:49,800 to find the With free markets, know they're backward countries 165 00:10:49,800 --> 00:10:52,400 with corrupt. State has governments that 166 00:10:52,400 --> 00:10:54,900 intrude regulate control corruptly. 167 00:10:54,900 --> 00:10:58,300 Redistribute towards themselves in their lackeys and it's the 168 00:10:58,300 --> 00:11:01,000 failure of liberalism to be in those remaining corners of the 169 00:11:01,000 --> 00:11:03,000 world. That perpetuates that terrible 170 00:11:03,000 --> 00:11:06,900 poverty. They're some of the biggest cost 171 00:11:06,900 --> 00:11:11,100 that people will come across in their life are Health Care. 172 00:11:11,200 --> 00:11:15,500 Housing and schooling. We have seen a general increase 173 00:11:15,500 --> 00:11:18,900 in the prices of these things while we've seen a decline in 174 00:11:18,908 --> 00:11:21,400 the price of things like, computers televisions, 175 00:11:22,200 --> 00:11:25,000 microwaves, printers microphones. 176 00:11:25,000 --> 00:11:28,900 A lot of these other things. However, the big three that 177 00:11:28,900 --> 00:11:31,500 really are commonly used as a see. 178 00:11:31,500 --> 00:11:34,200 This is why we can't have any free markets because vitally 179 00:11:34,200 --> 00:11:38,100 important things schooling. Housing and Healthcare can be so 180 00:11:38,200 --> 00:11:40,400 expensive. Why are those things such as 181 00:11:40,400 --> 00:11:43,200 outliers? Because those are the areas in 182 00:11:43,200 --> 00:11:46,700 our societies, most dominated controlled. 183 00:11:47,200 --> 00:11:51,000 Well and regulated and almost dictated by government. 184 00:11:51,200 --> 00:11:54,700 Education is public. Schools is a socialist 185 00:11:54,700 --> 00:11:56,300 Enterprise. The government owns. 186 00:11:56,300 --> 00:12:00,700 The school's the government hires all the employees and the 187 00:12:00,700 --> 00:12:05,000 government pays them through tax funds collected in one way or 188 00:12:05,000 --> 00:12:08,900 another at the local, the state or the federal level. 189 00:12:09,500 --> 00:12:13,900 No one is responsible for the conditions and qualities and 190 00:12:13,900 --> 00:12:16,800 shortcomings of Education in the United States. 191 00:12:17,100 --> 00:12:21,000 Other than government itself. Public schools are socialists 192 00:12:21,000 --> 00:12:22,900 Schools, they're not private Enterprise. 193 00:12:22,900 --> 00:12:26,600 And in those places where the market has enabled, then some 194 00:12:26,600 --> 00:12:30,400 people can afford private education, you find that the 195 00:12:30,400 --> 00:12:38,100 quality the variety, the the teaching styles and methods to 196 00:12:38,100 --> 00:12:41,700 the pedagogy to try to arouse the interest and and activities 197 00:12:41,700 --> 00:12:45,200 of the students are virtually always far superior. 198 00:12:48,300 --> 00:12:53,200 Why is it that so many parents in spite of how certain 199 00:12:53,200 --> 00:12:57,200 intellectual Elites try to argue would like to see more school 200 00:12:57,200 --> 00:13:01,100 choice because they want to select the school that they want 201 00:13:01,100 --> 00:13:04,300 their kid to and be able to determine in a way. 202 00:13:04,300 --> 00:13:07,500 They can't with the government schools, what the curriculum 203 00:13:07,500 --> 00:13:10,900 will be and what the pedagogy and teaching methods will be and 204 00:13:10,900 --> 00:13:14,200 the standard that their child is expected to meet to have a far 205 00:13:14,200 --> 00:13:16,800 better education. The same thing applies to help. 206 00:13:16,900 --> 00:13:22,300 Care. Okay, this I think Increasingly 207 00:13:22,300 --> 00:13:28,900 government funds, regulates and controls the healthcare 208 00:13:28,900 --> 00:13:30,800 industry. You don't get to choose your 209 00:13:30,800 --> 00:13:32,700 doctor's. You don't get to choose your 210 00:13:32,700 --> 00:13:36,800 medicines. You don't get to to to determine 211 00:13:36,800 --> 00:13:39,100 what test you have. Increasingly, these are 212 00:13:39,100 --> 00:13:42,100 controlled through government finance and regulation by the 213 00:13:42,100 --> 00:13:45,500 government medical. The healthcare industry is not a 214 00:13:45,500 --> 00:13:49,200 competitive market is a rigged, it rigged regulated and 215 00:13:49,200 --> 00:13:52,000 controlled Market. Increasingly with each passing 216 00:13:52,000 --> 00:13:54,100 year. Dominated by government and 217 00:13:54,100 --> 00:13:55,500 tragically. This has been the case 218 00:13:55,600 --> 00:13:58,700 regardless of which political party has been in office. 219 00:13:59,500 --> 00:14:02,500 The Democrats might be more enthusiastic about this, but no 220 00:14:02,500 --> 00:14:06,300 Republican has ever called for a cutback reduction or freeing of 221 00:14:06,300 --> 00:14:09,900 the healthcare sector from government, oversight, control 222 00:14:09,900 --> 00:14:15,800 and funding and that finally housing are there private 223 00:14:16,000 --> 00:14:20,300 Builders of course there are. But at the same time in many 224 00:14:20,500 --> 00:14:23,500 Visible areas, urban areas. What do you have government 225 00:14:23,500 --> 00:14:25,600 build? Public housing, which it, which 226 00:14:25,600 --> 00:14:31,300 it, which are disaster areas dirty unsafe unmaintained 227 00:14:31,500 --> 00:14:36,400 crime-ridden often. And as far as areas, where we 228 00:14:36,400 --> 00:14:40,600 see the private housing, this is the, this is regulated by zoning 229 00:14:40,600 --> 00:14:44,400 laws, who can build the house, where can they go to build a 230 00:14:44,400 --> 00:14:46,000 house? What kind of housing of that? 231 00:14:46,200 --> 00:14:49,000 And not just the Styles and forms of the quantities. 232 00:14:49,800 --> 00:14:52,700 The fact is, is a government. Basically says, Thou shalt not 233 00:14:52,700 --> 00:14:56,700 build any more houses and therefore by restricting the 234 00:14:56,700 --> 00:14:58,900 supply. And that's what amounts to in an 235 00:14:58,900 --> 00:15:02,600 environment of growing demand both in general, and with Rising 236 00:15:02,600 --> 00:15:05,200 scenes, involving people wanting to move into different houses, 237 00:15:05,200 --> 00:15:08,100 better houses, different areas of the country, it makes it 238 00:15:08,100 --> 00:15:10,600 extremely difficult for the market to solve it because 239 00:15:10,600 --> 00:15:13,200 they're in the straitjacket of these government controls and 240 00:15:13,200 --> 00:15:15,600 regulations. So those are the three three 241 00:15:15,600 --> 00:15:19,400 sectors in the US economy that are, that are really very far. 242 00:15:19,600 --> 00:15:23,100 From a free market, but the left likes to say, but look, that 243 00:15:24,200 --> 00:15:28,600 there, it's called the markets is doing this because they want, 244 00:15:28,600 --> 00:15:30,200 they basically end up doing this. 245 00:15:30,700 --> 00:15:36,400 Everything they don't like they label caused by capitalism or 246 00:15:36,400 --> 00:15:41,000 economic liberalism, or their little - buzzword neoliberalism 247 00:15:41,500 --> 00:15:44,500 and everything they like is what government does good. 248 00:15:47,800 --> 00:15:51,800 When it comes to what the idea of profit-seeking companies, the 249 00:15:51,800 --> 00:15:55,700 implication is that some people are simply benefiting, and 250 00:15:55,700 --> 00:15:59,000 they're only benefiting with the intention of helping themselves, 251 00:15:59,200 --> 00:16:03,000 therefore, they only benefit themselves, can you give us an 252 00:16:03,000 --> 00:16:06,500 example of some companies that exist? 253 00:16:06,900 --> 00:16:10,600 I know this is very Elementary but we are up against people who 254 00:16:10,700 --> 00:16:14,100 do actually have that idea. Give us an example of some 255 00:16:14,100 --> 00:16:17,400 companies that have actually improved the standards of 256 00:16:17,400 --> 00:16:20,300 living. Thing for people in Liberal 257 00:16:20,300 --> 00:16:28,100 parts of the World clothing technology, where markets are 258 00:16:28,100 --> 00:16:30,800 allowed to have degrees of influence improvements in 259 00:16:30,800 --> 00:16:34,700 medical care, where the you can, have private Alternatives, one 260 00:16:34,700 --> 00:16:42,600 type of or another in education. The underlying principle of the 261 00:16:42,600 --> 00:16:47,500 marketplace of a free market Society is that you can't do 262 00:16:47,500 --> 00:16:50,600 three things. Thou shalt not kill. 263 00:16:51,600 --> 00:16:56,100 Thou shalt not steal, and thou shalt not bear false witness, 264 00:16:56,100 --> 00:16:58,200 right? I'm using the Ten Commandments 265 00:16:58,200 --> 00:17:01,000 version of these things, which basically is, don't lie and 266 00:17:01,000 --> 00:17:04,099 defraud, don't you everything? The government does every day. 267 00:17:04,200 --> 00:17:08,000 Yes. But if, if I can't kill you to 268 00:17:08,000 --> 00:17:10,000 get what I want. If I can't steal you to get what 269 00:17:10,000 --> 00:17:12,400 I want. I can't cheat you to get what I 270 00:17:12,400 --> 00:17:14,300 want. Then how do I get when you have 271 00:17:14,300 --> 00:17:17,599 that I want? In the market Arena, I have only 272 00:17:17,599 --> 00:17:21,200 one way to apply my talents, my Ingenuity, my skills, my mind, 273 00:17:21,200 --> 00:17:25,700 my abilities, to figure out what Niche, can I find in our 274 00:17:25,700 --> 00:17:29,300 division of labor, we all specialize in things that I 275 00:17:29,300 --> 00:17:34,100 could produce what you would desire and sufficiently and my 276 00:17:34,100 --> 00:17:37,800 offering it to you on terms that you will readily and appellate. 277 00:17:37,800 --> 00:17:41,800 Give me what you have that. I want, I go to the corner store 278 00:17:42,000 --> 00:17:44,000 and I want to read today's Wall Street Journal. 279 00:17:44,900 --> 00:17:47,600 Because I believe that the information that I might get 280 00:17:47,600 --> 00:17:50,800 from, it is worth more than the cover price of that copy. 281 00:17:50,800 --> 00:17:53,600 What is a dollar fifty, a dollar 75, whatever. 282 00:17:53,600 --> 00:17:57,200 Today's Wall Street Journal cost, I read it online. 283 00:17:57,800 --> 00:18:02,100 And I exchanged, let's say that dollar fifty for a copy of the 284 00:18:02,100 --> 00:18:06,300 newspaper from the fellow at the corner store because I value the 285 00:18:06,400 --> 00:18:09,100 information more than the dollar fifty I give. 286 00:18:09,200 --> 00:18:12,000 And of course the dollar fifty represents what I could buy 287 00:18:12,000 --> 00:18:16,600 instead but that sum of money. If I didn't buy the newspaper at 288 00:18:16,600 --> 00:18:18,700 the same time he's selling me. One of the copies of the 289 00:18:18,708 --> 00:18:22,000 newspaper because he values what he could do with the money, he 290 00:18:22,000 --> 00:18:25,400 can earn by selling it to me, then holding onto the copy. 291 00:18:25,600 --> 00:18:28,900 We both win from this exchange, whether you go to the shoe 292 00:18:28,900 --> 00:18:32,300 store, whether you go to the grocery store to buy food with, 293 00:18:32,300 --> 00:18:34,600 you're going to the auto dealership to buy a car. 294 00:18:35,000 --> 00:18:38,800 What were they going to out for a meal at the restaurant or a 295 00:18:38,800 --> 00:18:40,600 world where a movie? At the theater? 296 00:18:40,800 --> 00:18:42,100 Etc? Etc, etc. 297 00:18:42,200 --> 00:18:47,700 The nature of the market is that it It requires people in the 298 00:18:47,700 --> 00:18:51,100 pursuit of their own Improvement, their self-interest 299 00:18:51,400 --> 00:18:54,800 to apply themselves in serving others, the very nature of a 300 00:18:54,800 --> 00:18:59,000 competitive market economy, is that to improve yourself. 301 00:18:59,100 --> 00:19:03,900 You must serve the rest of the society, it in a, in a different 302 00:19:03,900 --> 00:19:06,200 world. Capitalism, could be, should be 303 00:19:06,200 --> 00:19:09,100 called socialism because it's a social system. 304 00:19:09,200 --> 00:19:13,300 Yeah, I help you you help me on terms that we find mutually 305 00:19:13,300 --> 00:19:16,200 agreeable. But of course, that's not what 306 00:19:16,200 --> 00:19:19,200 we call these things. But so the very nature of a 307 00:19:19,208 --> 00:19:23,000 market economy is that no, you cannot make it a profit, you 308 00:19:23,000 --> 00:19:26,000 cannot improve your own conditions other than an 309 00:19:26,000 --> 00:19:28,500 independent of improving the circumstances of others. 310 00:19:29,600 --> 00:19:34,300 I want to just look at the big three Apple Amazon and Walmart, 311 00:19:34,500 --> 00:19:38,300 would you say that these are parasites in the economy or they 312 00:19:38,300 --> 00:19:41,300 are net benefits Apple. Amazon Walmart? 313 00:19:42,300 --> 00:19:43,600 Oh no. Oh no. 314 00:19:43,600 --> 00:19:52,300 I'm exploiting you young whippersnapper. 315 00:19:53,800 --> 00:19:58,100 I remember. I remember when you used to have 316 00:19:58,100 --> 00:20:02,000 a telephone Um, that's was on a table a desk and you picked up 317 00:20:02,000 --> 00:20:05,000 the receiver and it was attached to the base by a court and that 318 00:20:05,000 --> 00:20:08,100 was as far as you can go, that was just hard to go. 319 00:20:08,300 --> 00:20:12,500 I got to turn the room redial and that's all the phone there 320 00:20:13,000 --> 00:20:17,100 and that's all the fun did in terms of convenience, or, or 321 00:20:17,100 --> 00:20:21,300 technology or phone call of capacity because the government 322 00:20:21,300 --> 00:20:27,800 had given a monopoly to AT&T, That Monopoly was broken in the 323 00:20:27,808 --> 00:20:33,500 late 1970s, early 80s, and competition was allowed and 324 00:20:33,500 --> 00:20:37,400 guess what? First, you had the cordless 325 00:20:37,400 --> 00:20:42,100 phone, then you had the flip phone, then you had the phone 326 00:20:42,100 --> 00:20:44,200 that could do some basic arithmetic. 327 00:20:44,600 --> 00:20:48,300 And then it has someone like Steve Jobs who came out, and 328 00:20:48,300 --> 00:20:51,400 it's only about 15 years ago though, it seems like our world 329 00:20:51,400 --> 00:20:54,200 has dramatically changed in our eyes. 330 00:20:54,200 --> 00:20:58,300 But only 15 years ago, his version of the smartphone where 331 00:20:58,300 --> 00:21:01,100 he said he was technologist. You know, you know how to do it. 332 00:21:01,100 --> 00:21:03,400 I don't, but I won't give the device a thing that I could hold 333 00:21:03,400 --> 00:21:06,600 my hand. Life is and with one thumb, 334 00:21:06,700 --> 00:21:11,100 basically push all the buttons so I can do anything I want and 335 00:21:11,100 --> 00:21:14,400 I want it to be a phone and I want it to be email and I want 336 00:21:14,400 --> 00:21:17,700 it to be text messages and I wanted to be radio and I want it 337 00:21:17,708 --> 00:21:19,800 to be television and I want it to be. 338 00:21:21,000 --> 00:21:24,200 I books. In other words, I have hundreds 339 00:21:24,200 --> 00:21:27,100 of books on my phone. This is my portable library 340 00:21:27,200 --> 00:21:30,000 compared to the old-fashioned books that are behind me, 341 00:21:30,500 --> 00:21:33,100 including my own for new liberalism. 342 00:21:36,200 --> 00:21:40,300 This is what Steve Jobs did, and people like him to revolutionize 343 00:21:40,300 --> 00:21:41,600 the world. Okay? 344 00:21:42,500 --> 00:21:47,200 Again, go back 30 years ago, 40 years ago, you wanted to watch 345 00:21:47,200 --> 00:21:50,400 television. It was ABC, CBS and NBC 346 00:21:50,800 --> 00:21:54,200 licensed, and controlled by the federal government for the 347 00:21:54,200 --> 00:21:55,800 Federal Communications Commission. 348 00:21:56,500 --> 00:22:00,400 And that too, was abolished that Monopoly over the Airways and 349 00:22:00,400 --> 00:22:04,200 allowing cable, and satellite television in the late 70s, and 350 00:22:04,200 --> 00:22:06,300 early 80's. And now, what do we doing 351 00:22:07,300 --> 00:22:10,900 hundreds of television channels, specializing in focusing on 352 00:22:10,900 --> 00:22:17,100 everyone's conceivable Niche interest, Streaming doing what 353 00:22:17,100 --> 00:22:20,000 we're doing right here. This would have been unheard of 354 00:22:20,000 --> 00:22:24,900 30 years ago. I remember old televisions. 355 00:22:25,100 --> 00:22:27,600 You know, when I was a kid, I was the remote. 356 00:22:30,400 --> 00:22:36,900 Okay, I with the remote, forget some guy, what was it wasn't 357 00:22:36,900 --> 00:22:40,000 Motorola for the Zenith. He came up with the remote, I no 358 00:22:40,000 --> 00:22:42,700 longer had to be the remote at home and I didn't have to be 359 00:22:42,700 --> 00:22:46,300 antenna, right? Because Rabbit ears stand by the 360 00:22:46,300 --> 00:22:48,200 TV. One leg up and in this 361 00:22:48,200 --> 00:22:50,700 direction, the pictures. Great, don't move. 362 00:22:51,000 --> 00:22:56,400 I mean, that's a different world today, different world today, 363 00:22:56,700 --> 00:22:59,300 okay? I don't even need to be anything 364 00:22:59,500 --> 00:23:01,600 and I'm communicating with the world around the world 365 00:23:01,700 --> 00:23:04,100 instantly. This is what free market 366 00:23:04,100 --> 00:23:06,200 liberalism has done as one indication. 367 00:23:06,600 --> 00:23:11,000 Okay, as far as Walmart is concerned, these super stores 368 00:23:11,000 --> 00:23:14,700 have been great. They give virtually An unending 369 00:23:14,700 --> 00:23:18,800 stream of different Goods at very competitive prices 370 00:23:19,600 --> 00:23:24,300 available to the masses. Goods are not only for the elect 371 00:23:24,300 --> 00:23:27,500 and the in the elite and the aristocratic and Royal 372 00:23:27,600 --> 00:23:29,400 privilege. As they were hundreds of years 373 00:23:29,400 --> 00:23:33,900 ago, we are in are in a market economy that serves all of us 374 00:23:34,100 --> 00:23:36,900 and to the extent that government doesn't regulate, 375 00:23:36,900 --> 00:23:40,300 which is increasingly fewer if your quarters or does not 376 00:23:40,300 --> 00:23:44,500 regulate with them excessively heavy and the creativity of And 377 00:23:44,900 --> 00:23:47,600 he said, free in to whatever extent, the state, Jack 378 00:23:47,600 --> 00:23:51,200 straitjacket of government is not to type to continue these in 379 00:23:51,200 --> 00:23:53,200 technological. Innovations and improving, both 380 00:23:53,200 --> 00:23:56,200 the quality and the varieties of what we consume. 381 00:23:56,400 --> 00:23:59,800 And if you adjust for inflation at virtually lower and lower 382 00:23:59,800 --> 00:24:04,600 prices, And then I just want to use the Amazon example because 383 00:24:04,600 --> 00:24:09,000 Bezos is continuously seen as the evil capitalist. 384 00:24:09,000 --> 00:24:11,700 And we're just like a few billion dollars away from the 385 00:24:11,700 --> 00:24:15,200 four trillion dollar budget solving poverty when it comes to 386 00:24:15,200 --> 00:24:18,300 Amazon, net benefit or net parasite. 387 00:24:18,800 --> 00:24:23,300 Amazon has been brilliant besides selling my book. 388 00:24:27,600 --> 00:24:33,300 Today, okay, if you wanted to buy anything, you had to go to a 389 00:24:33,300 --> 00:24:36,800 brick and mortar store. And some things you want to go 390 00:24:36,800 --> 00:24:38,500 to a brick and mortar store even today. 391 00:24:38,800 --> 00:24:41,100 Sometimes you want to try on a piece of clothing, a pair of 392 00:24:41,100 --> 00:24:44,000 shoes to see the quality of the material. 393 00:24:44,200 --> 00:24:47,600 Talk to someone who might be a salesperson on the floor, but 394 00:24:47,600 --> 00:24:50,100 Amazon has transformed how we live. 395 00:24:50,800 --> 00:24:54,000 It is transformative because now from the ease of our own living 396 00:24:54,000 --> 00:24:58,500 room at a laptop computer like you and I am using that you and 397 00:24:58,500 --> 00:25:02,100 I are communicating through The goods of the world are at my 398 00:25:02,100 --> 00:25:07,000 disposal and often since I have a huge Warehouse inventory of 399 00:25:07,000 --> 00:25:11,500 things all around the country, I can have it with him 48 24 to 48 400 00:25:11,500 --> 00:25:15,200 hours. The world is my oyster because 401 00:25:15,200 --> 00:25:18,300 of Amazon. One guy comes along the idea 402 00:25:18,300 --> 00:25:22,400 that he'll do. He'll do mail ordered books and 403 00:25:22,400 --> 00:25:26,900 before you know it The entire world of shopping has been 404 00:25:26,900 --> 00:25:32,000 changed in consumer friendly. Consumer, usable consumer. 405 00:25:32,000 --> 00:25:38,600 Cost-saving ways that Amazon is. One of the great achievements of 406 00:25:38,600 --> 00:25:42,000 modern of the of the modern markets economy, it is not an 407 00:25:42,000 --> 00:25:45,700 enemy. It is not an exploiter oga. 408 00:25:46,100 --> 00:25:47,500 I didn't want to go to the store. 409 00:25:47,600 --> 00:25:51,200 I've been exploited, I bought it off my phone, and the can't hear 410 00:25:51,200 --> 00:25:53,700 the next day. God, I'm sold, dude. 411 00:25:54,100 --> 00:25:56,700 Me these people will allow the land. 412 00:25:56,700 --> 00:25:58,200 Okay? These people living in la-la 413 00:25:58,200 --> 00:26:03,100 land, Why is it? I know you write a lot about the 414 00:26:03,100 --> 00:26:05,200 history of liberalism in this book. 415 00:26:05,300 --> 00:26:09,300 How did it go from having? How did we get to where we are 416 00:26:09,300 --> 00:26:11,600 today? Where they, the average person 417 00:26:11,600 --> 00:26:15,500 has extremely high standards for the voluntary sector and like no 418 00:26:15,500 --> 00:26:18,700 standards for the government sector? 419 00:26:19,300 --> 00:26:22,100 I'm always being told about. Well, there were terrible 420 00:26:22,100 --> 00:26:26,200 working conditions under Andrew Carnegie today, even people who 421 00:26:26,200 --> 00:26:29,400 work at Amazon, have it very rough and they don't stop. 422 00:26:29,600 --> 00:26:33,200 Say, but then again, governments are the number one cause of war 423 00:26:33,200 --> 00:26:35,000 and mass murder and mass destruction. 424 00:26:35,000 --> 00:26:39,400 So, let me be very humble when I criticize the free market, why 425 00:26:39,400 --> 00:26:41,900 do we have totally High unrealistic standards for the 426 00:26:41,908 --> 00:26:44,500 voluntary sector and no standards for the political 427 00:26:44,500 --> 00:26:49,700 class, basically, because we live in societies including the 428 00:26:49,700 --> 00:26:53,100 United States. Where we take for granted that 429 00:26:53,100 --> 00:26:55,500 certain things if you wanted our government. 430 00:26:55,500 --> 00:27:00,200 Provided for example, all the viewers listeners that are 431 00:27:01,800 --> 00:27:05,500 Watching this now or the future, I want you to raise your hand up 432 00:27:05,500 --> 00:27:07,200 Outlaw. If you like going to the 433 00:27:07,200 --> 00:27:11,000 Department of Motor Vehicles, to renew your license, go and raise 434 00:27:11,000 --> 00:27:14,000 your hand, don't be ashamed. Yeah, I love the long lines. 435 00:27:14,100 --> 00:27:16,800 I like to be, you know, to be treated to her in a very 436 00:27:16,800 --> 00:27:19,200 unpleasant, than unfriendly way off to know. 437 00:27:19,800 --> 00:27:23,100 And I have to be curious because it's the only game in town. 438 00:27:23,200 --> 00:27:26,000 If I don't be nice to the person behind the counter, I might have 439 00:27:26,000 --> 00:27:26,800 a problem. Renewing. 440 00:27:26,800 --> 00:27:29,100 My license or getting a new tag for the plate. 441 00:27:29,100 --> 00:27:31,800 Oh God. This is the problem. 442 00:27:32,200 --> 00:27:36,300 We become so desensitized by having to. 443 00:27:36,600 --> 00:27:39,200 Well, that's how government operates that we don't like it. 444 00:27:39,200 --> 00:27:41,600 But we take it for granted, they don't criticize it in the 445 00:27:41,600 --> 00:27:43,600 market. We expect things are always 446 00:27:43,600 --> 00:27:45,800 three better and improving thinking when you go to the 447 00:27:45,800 --> 00:27:49,800 supermarket, you're waiting on line, okay? 448 00:27:50,700 --> 00:27:54,900 If they have staff available and they see that the lines at the 449 00:27:54,900 --> 00:27:57,500 checkout, counters are getting too long Pages, open another 450 00:27:57,500 --> 00:28:00,400 line, or they now have the self-serve woman. 451 00:28:00,900 --> 00:28:03,400 So you don't even have to wait for someone to be doing it for 452 00:28:03,400 --> 00:28:05,900 you. Now I traveled in the Soviet 453 00:28:05,900 --> 00:28:08,600 Union. The former Soviet Union, my wife 454 00:28:08,600 --> 00:28:15,800 is a Russian I met over there. And I lived on these visits 455 00:28:16,300 --> 00:28:22,000 under socialism in practice, let me just tell you your viewers. 456 00:28:22,500 --> 00:28:25,800 How life was like for shopping compared to all. 457 00:28:25,800 --> 00:28:29,900 I waited five minutes for the woman at the register to get to 458 00:28:29,900 --> 00:28:32,300 me five minutes. Oh life is so rough. 459 00:28:33,400 --> 00:28:37,500 God bless you want to buy bread at people at people's breast or 460 00:28:38,300 --> 00:28:42,800 go into store and get online. This is long line. 461 00:28:42,800 --> 00:28:46,500 Wait long time to get the front of wine and you tell woman 462 00:28:46,500 --> 00:28:50,400 behind counter one Pumpernickel. Want the graph assuming Dave 463 00:28:50,400 --> 00:28:53,200 inhabit, this is the centrally planned economy with there's 464 00:28:53,200 --> 00:28:56,700 nothing. So now you're she says okay here 465 00:28:56,700 --> 00:28:58,900 this little ticket go to that line. 466 00:28:59,400 --> 00:29:03,100 Now you wait on second line and you wait and you wait Wait, 467 00:29:03,300 --> 00:29:06,800 wait, and you get to register and you pay for bread. 468 00:29:07,600 --> 00:29:11,400 Now, you have received now camera, you go on third line. 469 00:29:11,500 --> 00:29:14,400 And guess what? You, wait and you, wait and you 470 00:29:14,400 --> 00:29:16,400 wait, and then you get your breath. 471 00:29:17,200 --> 00:29:20,900 Now, you've been to the people spread store, but even in under 472 00:29:20,900 --> 00:29:24,300 socialism man does not live by bread alone. 473 00:29:24,800 --> 00:29:29,700 Now, you want milk and butter Now we can mesh shopping bags. 474 00:29:29,900 --> 00:29:33,100 You start walking to the people's Dairy Store. 475 00:29:33,400 --> 00:29:38,000 Ain't next door to bread store hot heat of Summer cold of 476 00:29:38,000 --> 00:29:40,700 winter in Moscow. You trudge to wear store. 477 00:29:40,700 --> 00:29:43,700 Might be what do you do in the mid Dairy? 478 00:29:43,700 --> 00:29:49,500 Store, LINE, 1, line, 2 line 3. So now you have any dairy 479 00:29:49,500 --> 00:29:51,800 products when you like to have some meat. 480 00:29:52,000 --> 00:29:54,600 So many Jillian. Fun beating the Soviet Union. 481 00:29:55,000 --> 00:29:58,600 Go to meet store people's Meat store, wine one. 482 00:29:58,600 --> 00:30:04,400 Why do this is how people lived under socialism and then people 483 00:30:04,400 --> 00:30:07,800 bitch and complain. Oh it was so crowded at the 484 00:30:07,800 --> 00:30:10,400 supermarket. Yeah I took me five or ten 485 00:30:10,400 --> 00:30:14,100 minutes to get out of the place. You wait on one of those lines 486 00:30:14,100 --> 00:30:17,100 in socialism in practice. You could be in the bread store 487 00:30:17,100 --> 00:30:20,300 for over an hour, just to buy one loaf of bread, and then have 488 00:30:20,300 --> 00:30:23,400 to do the shopping at other. All the other people's stores, 489 00:30:23,600 --> 00:30:28,100 run owned, controlled. And And supplied by the 490 00:30:28,100 --> 00:30:32,300 government. And then we get called up people 491 00:30:32,300 --> 00:30:34,700 who are just obsessed with things like property. 492 00:30:34,700 --> 00:30:37,600 And we're very materialistic. Where's they care about the 493 00:30:37,600 --> 00:30:40,300 people? Well, if I can't go in and just 494 00:30:40,300 --> 00:30:43,500 take all the bread that I want. Well, that's some people 495 00:30:43,800 --> 00:30:46,700 excluding me from a scarce resource. 496 00:30:46,900 --> 00:30:51,500 So in the in the same thing in the same light they're having 497 00:30:51,500 --> 00:30:53,800 property rights as well. Except the state is the 498 00:30:53,800 --> 00:30:57,500 monopolist property owner. So what's all of a sudden? 499 00:30:57,700 --> 00:31:02,100 It's it becomes okay. That is that is another one. 500 00:31:02,200 --> 00:31:06,800 So why is it that we are pinned with being very materialist and 501 00:31:06,900 --> 00:31:11,500 only caring about, you know, the lower things in life, The 502 00:31:11,500 --> 00:31:15,300 Simpsons and cereal are what the capitalist care about the 503 00:31:15,300 --> 00:31:19,700 Socialist cares about achieving full spirituality and Humanity 504 00:31:19,700 --> 00:31:24,400 coming together as one. If I want to live in a spiritual 505 00:31:24,500 --> 00:31:25,800 Place. Why should I care about 506 00:31:25,800 --> 00:31:34,800 liberalism instead of socialism? For the simple and you're living 507 00:31:34,800 --> 00:31:39,300 in a socialist society. The Soviet Union, the old Soviet 508 00:31:39,300 --> 00:31:41,600 Bloc countries in Eastern Europe today. 509 00:31:41,600 --> 00:31:45,500 Still Cuba. Nicaragua North Korea. 510 00:31:45,500 --> 00:31:47,000 Venezuela. Okay. 511 00:31:48,000 --> 00:31:51,100 Now, remember under Marxist philosophy, you know, religion 512 00:31:51,100 --> 00:31:52,800 is the Opium of the masses, right? 513 00:31:53,100 --> 00:31:57,200 Scientific Socialism. Dialectical materialism, right? 514 00:31:57,500 --> 00:32:01,400 So, but their constitution, the Soviet Constitution said freedom 515 00:32:01,400 --> 00:32:04,400 of religion. But what if you want to get 516 00:32:04,400 --> 00:32:07,200 together with some people who share your faith and to have a 517 00:32:07,200 --> 00:32:12,200 place of worship, government owns the land, no private land. 518 00:32:13,000 --> 00:32:14,800 What if they don't want to allocate its end through a 519 00:32:14,800 --> 00:32:16,700 planned for of needs of all people. 520 00:32:16,700 --> 00:32:22,000 Comrade not does not permit, your little not only designer 521 00:32:22,000 --> 00:32:26,600 for Lent for church. In the same way, even if they 522 00:32:26,600 --> 00:32:29,600 allocated the land in principle, the government owns, all the 523 00:32:29,600 --> 00:32:31,900 construction companies would have his part of the central 524 00:32:31,900 --> 00:32:34,100 plan. You don't have a priority to 525 00:32:34,100 --> 00:32:36,500 build the church. The government owns, all the 526 00:32:36,500 --> 00:32:39,000 printing stores. What if the government s plan? 527 00:32:39,000 --> 00:32:42,000 Doesn't have a priority for Bibles and hymnals to be printed 528 00:32:42,000 --> 00:32:46,400 up for you, okay? Or the pews in the church, once 529 00:32:46,400 --> 00:32:51,600 the building is constructed, you there is no, there are no 530 00:32:51,700 --> 00:32:54,800 personal freedoms. There are no Civil liberties, 531 00:32:54,800 --> 00:32:57,200 such as freedom of speech, freedom of the press freedom of 532 00:32:57,200 --> 00:33:00,600 religion, freedom of Association, independent of a 533 00:33:00,608 --> 00:33:04,300 society that has and respects a wide latitude of private 534 00:33:04,300 --> 00:33:07,900 property. I have a faith, you may not 535 00:33:07,900 --> 00:33:11,500 share it, you might not want to pay for me or subsidized my 536 00:33:11,500 --> 00:33:14,200 beliefs, fine. But there's some fellow who 537 00:33:14,200 --> 00:33:18,300 wants to either sell or rent land and I, and other people who 538 00:33:18,300 --> 00:33:21,300 share my faith have to pull some resources and we bind your rent 539 00:33:21,300 --> 00:33:24,900 it from We hire a private construction company. 540 00:33:25,200 --> 00:33:27,200 Don't care what. Whoa, what they're being paid to 541 00:33:27,200 --> 00:33:28,500 build. They just want the money. 542 00:33:28,800 --> 00:33:36,200 The same way in the pews in the church, the hymnals and the 543 00:33:36,200 --> 00:33:38,400 Bible's, you go to a Publishing Company. 544 00:33:38,400 --> 00:33:43,100 You, you paid the price to cover their costs in the marketplace, 545 00:33:43,300 --> 00:33:45,000 and pretty much, you're going to get a printer. 546 00:33:45,000 --> 00:33:48,100 Who do the job for you? You see the market D, 547 00:33:48,100 --> 00:33:51,400 politicizes, people's purposes. What? 548 00:33:51,400 --> 00:33:55,000 When you go in The store and you pick up, let's say a box of 549 00:33:55,000 --> 00:33:59,300 Cheerios off the show, right? Do you want to well, who build? 550 00:33:59,300 --> 00:34:03,400 Who made this Cheerios do? I share his religious views. 551 00:34:04,400 --> 00:34:08,900 We have common political values that does he love his dog? 552 00:34:08,900 --> 00:34:11,900 Does he kick his wife hope? No way he loves his wife kicks, 553 00:34:11,900 --> 00:34:13,600 the dog. Who knows what this is? 554 00:34:13,900 --> 00:34:17,400 Yeah. You don't, the market gives you 555 00:34:17,400 --> 00:34:20,800 anonymity that you earn money by serving others. 556 00:34:21,900 --> 00:34:25,100 And then you get to spend your money in any way you want 557 00:34:25,199 --> 00:34:28,100 because others are only interested in virtually all 558 00:34:28,100 --> 00:34:31,600 cases in merely providing products that enable them 559 00:34:31,600 --> 00:34:34,500 reciprocally to make the money to buy the things they want. 560 00:34:35,199 --> 00:34:38,000 That is what the freedom of the market place gives us. 561 00:34:39,199 --> 00:34:43,800 That that ability to follow our own values, not by governments 562 00:34:43,800 --> 00:34:47,300 impose values and standards and ethical beliefs. 563 00:34:47,900 --> 00:34:52,100 But those we have either singularly or that we form 564 00:34:52,100 --> 00:34:56,300 voluntary associations with others to share to have a 565 00:34:56,300 --> 00:35:00,200 camaraderie to proselytize for that. 566 00:35:00,200 --> 00:35:03,600 Is what freesat water free Society is about not the heavy 567 00:35:03,600 --> 00:35:06,700 hand of government restricting. All of us to add those who 568 00:35:06,700 --> 00:35:10,600 design the plan and commanded. Control the plan want us to have 569 00:35:10,600 --> 00:35:14,600 because they know what's good for us better than ourselves. 570 00:35:14,600 --> 00:35:18,900 I mean listen to Joe Biden, he knows the cars, we could change 571 00:35:18,900 --> 00:35:21,500 the drive. We know the way we should heat 572 00:35:21,500 --> 00:35:24,600 our homes. He knows how we should fuel our 573 00:35:24,600 --> 00:35:27,400 Industries. You knows the education we 574 00:35:27,400 --> 00:35:29,000 should have. He knows the health care. 575 00:35:29,000 --> 00:35:30,900 We should have. He knows the retirement he 576 00:35:30,900 --> 00:35:33,000 should have. He knows, he knows, he knows, he 577 00:35:33,000 --> 00:35:37,800 knows. The arrogance, the uterus of all 578 00:35:37,800 --> 00:35:40,800 those in politics who shared this mentality, not just the 579 00:35:40,800 --> 00:35:44,500 United States think of G champagne in China. 580 00:35:45,200 --> 00:35:49,000 He, he believes he knows what's right for one point four billion 581 00:35:49,000 --> 00:35:52,300 people, okay? Or Putin. 582 00:35:53,300 --> 00:35:57,100 It is in the destiny of Russia to reconquer Ukraine. 583 00:35:58,200 --> 00:36:02,800 We must we must invade and kill what I declare to be neo-nazis 584 00:36:03,100 --> 00:36:06,000 and if they resist we bomb them into Smithereens. 585 00:36:06,500 --> 00:36:08,500 I mean so it's not just our politicians. 586 00:36:09,300 --> 00:36:12,400 This is a breed that is international in its corruption. 587 00:36:12,400 --> 00:36:16,700 It's hubris is arrogance and its willingness to hurt others in 588 00:36:16,700 --> 00:36:19,500 the pursuit of what they think is the right thing. 589 00:36:21,100 --> 00:36:25,000 When a lot of people, advocate for democracy Democratic 590 00:36:25,000 --> 00:36:30,000 Socialism, or socialism, they will seldom say that the Soviet 591 00:36:30,000 --> 00:36:33,100 Union is very good. Not everyone is as terrible as 592 00:36:33,100 --> 00:36:34,900 Richard wolf. I know those people are out 593 00:36:34,900 --> 00:36:38,800 there but when it comes to the examples that people do use, 594 00:36:39,000 --> 00:36:43,900 it's usually Iceland Denmark Norway Sweden, Finland. 595 00:36:44,200 --> 00:36:46,300 When it comes to those Nordic countries. 596 00:36:46,500 --> 00:36:51,900 Are those examples of socialism in Practice where it does not 597 00:36:51,900 --> 00:36:54,800 become so overbearing and totalitarian. 598 00:36:54,900 --> 00:36:56,700 Therefore, socialism is something that we should 599 00:36:56,700 --> 00:36:59,300 embrace. Well, it let me let me begin 600 00:36:59,300 --> 00:37:01,900 answering that with a comment that the prime minister of 601 00:37:01,900 --> 00:37:06,900 Denmark made a few years ago. When comrade, Bernie Sanders 602 00:37:08,000 --> 00:37:11,100 said, America should be more like Sweden and Denmark and 603 00:37:11,100 --> 00:37:13,700 Norway. The Prime Minister Denmark said, 604 00:37:13,800 --> 00:37:17,800 oh, contraire Denmark is not a socialist society. 605 00:37:18,400 --> 00:37:24,100 And neither is Sweden or Norway. Now, what they do have is fairly 606 00:37:24,100 --> 00:37:28,100 open and slightly somewhat regulated, but relatively free 607 00:37:28,100 --> 00:37:30,300 competitive economy, and particularly open to 608 00:37:30,300 --> 00:37:32,900 International Trade since their small economies. 609 00:37:32,900 --> 00:37:36,200 They need to have have international intercourse with 610 00:37:36,200 --> 00:37:39,000 the rest of the world to buy things that they can't produce 611 00:37:39,000 --> 00:37:41,700 it on through the exports that they can give to others. 612 00:37:43,600 --> 00:37:46,700 And having such a vibrant economy, what they impose on the 613 00:37:46,700 --> 00:37:49,600 society for good or ill, because that's not what we're talking 614 00:37:49,600 --> 00:37:54,700 about right now, they impose a rather, extensive welfare state. 615 00:37:55,000 --> 00:37:58,500 Now, that's a different argument, is it desirable to 616 00:37:58,500 --> 00:38:01,800 have a welfare state? Could not the market itself? 617 00:38:03,200 --> 00:38:07,100 Improve the standards of living sufficiently and provide the 618 00:38:07,100 --> 00:38:09,600 private sector philanthropic avenues. 619 00:38:09,800 --> 00:38:12,900 That would in the long run, do far better than the government's 620 00:38:12,900 --> 00:38:16,600 redistributed programs. It's a different issue, but as 621 00:38:16,600 --> 00:38:20,100 far as them being socialist, economies those countries are 622 00:38:20,100 --> 00:38:22,500 not social. Connors socialist, economies are 623 00:38:22,500 --> 00:38:25,900 where the government either comprehensively, or really 624 00:38:25,900 --> 00:38:28,900 fairly extensively, either controls or commands. 625 00:38:28,900 --> 00:38:31,400 The use of the means of production and through, various 626 00:38:31,400 --> 00:38:33,500 and forms. Of heavy-handed Regulation or 627 00:38:33,500 --> 00:38:36,100 outright planning. Direct what gets produced, where 628 00:38:36,100 --> 00:38:38,200 it gets produced, how it gets produce in volume. 629 00:38:38,500 --> 00:38:40,400 This is what the Bible Administration and all these 630 00:38:40,400 --> 00:38:43,700 people had a post at the world economic Forum one they want 631 00:38:43,700 --> 00:38:46,300 Global fascism. They don't want to nationalize 632 00:38:46,300 --> 00:38:47,800 your businesses. No. 633 00:38:47,900 --> 00:38:52,700 But like but like hell Gucci a Mussolini or dear Führer Hitler 634 00:38:53,200 --> 00:38:57,100 what they want to do is impose rules controls and a Planning 635 00:38:57,300 --> 00:39:00,600 Network that tells private businesses what they're going to 636 00:39:00,600 --> 00:39:02,500 produce. How where when With what 637 00:39:02,500 --> 00:39:07,300 technologies and In fairness and Equity the wages, they'll pay, 638 00:39:07,700 --> 00:39:10,700 and the quotas of hiring different types of people. 639 00:39:11,100 --> 00:39:15,900 So it's basically a planned economy right now, Norway and 640 00:39:15,900 --> 00:39:18,600 Sweden, and Denmark have made degrees of government 641 00:39:18,600 --> 00:39:22,000 intervention and redistribution greater than I, as a more 642 00:39:22,000 --> 00:39:25,700 traditional classical liberal would want and would argue for. 643 00:39:26,000 --> 00:39:29,000 But there is no way to claim that they in any way, represent 644 00:39:29,000 --> 00:39:33,500 an economy like China or were or the the old Soviet Union or Cuba 645 00:39:33,500 --> 00:39:38,300 still today, excetera Etc. And what you can actually, do is 646 00:39:38,300 --> 00:39:42,900 empirically test. This ideology of the Socialists 647 00:39:42,900 --> 00:39:46,100 and you can check out things like the human Freedom index. 648 00:39:46,200 --> 00:39:49,800 Here are Nordic countries that rank higher than the United 649 00:39:49,800 --> 00:39:53,600 States. Norway Iceland Sweden, Finland 650 00:39:53,900 --> 00:39:57,900 and Denmark. So on net, when it comes to, 651 00:39:58,100 --> 00:40:01,600 which society is more for you with more respect to property 652 00:40:01,600 --> 00:40:03,700 rights. Well, those countries are 653 00:40:03,700 --> 00:40:07,100 actually beating America. On net, when you look at things 654 00:40:07,100 --> 00:40:09,300 like the Cato Institute in the Fraser Institute and you can 655 00:40:09,300 --> 00:40:12,300 look at the metrics that they use. 656 00:40:12,400 --> 00:40:15,700 So I don't know how this lie got started. 657 00:40:15,700 --> 00:40:18,700 Was it? Just because they have a lot of 658 00:40:19,100 --> 00:40:22,700 social redistribution is that just it and then they wanted to 659 00:40:22,800 --> 00:40:26,500 they needed something to distract from like the Polish 660 00:40:26,500 --> 00:40:28,400 solidarity movement getting crushed. 661 00:40:35,600 --> 00:40:38,900 Which, for many decades, was controlled, the sense that they 662 00:40:38,900 --> 00:40:42,200 had parliamentary controlled by the social Democrats, the 663 00:40:42,500 --> 00:40:45,800 Democratic socialists, and they attempted planning and 664 00:40:45,800 --> 00:40:49,400 heavy-handed Regulation, and the Swedish economy started 665 00:40:49,400 --> 00:40:53,900 stagnating and going down. And then at some point, even 666 00:40:53,900 --> 00:40:56,300 without another party coming to office per se, the social 667 00:40:56,300 --> 00:40:59,500 Democrats realized that they could not deliver the Another 668 00:40:59,500 --> 00:41:02,400 way they were killing the goose, that could lay a golden egg. 669 00:41:03,500 --> 00:41:06,500 And that they started freeing up and privatizing them these 670 00:41:06,500 --> 00:41:11,200 things themselves. Just think of house, we did not 671 00:41:11,200 --> 00:41:14,500 go through this heavy-handed lockdown business during a 672 00:41:14,500 --> 00:41:16,800 global crisis. Where's the rest of the world? 673 00:41:16,800 --> 00:41:20,300 Follow the Chinese model? I followed the Chinese model. 674 00:41:21,000 --> 00:41:23,000 What was the Chinese model on the gene Bank? 675 00:41:23,100 --> 00:41:27,000 Oh, there's one person who's come sick, shut down an entire 676 00:41:27,000 --> 00:41:29,500 Municipal area with tens of millions of people. 677 00:41:29,700 --> 00:41:33,100 Don't don't produce, don't go to work, don't go shopping. 678 00:41:33,300 --> 00:41:35,600 Except for our what we declared to be Necessities. 679 00:41:35,600 --> 00:41:38,400 Don't leave your house and don't go within four miles of another 680 00:41:38,400 --> 00:41:42,700 human being. That was the Chinese model so we 681 00:41:42,700 --> 00:41:45,800 all followed the the the Communist planned in model but 682 00:41:45,800 --> 00:41:49,900 the swedes basically did not know they made some errors but 683 00:41:49,900 --> 00:41:54,600 that was more like not knowing the demographics of where the 684 00:41:54,600 --> 00:41:57,400 virus was at first. Wanted to be most negatively 685 00:41:57,400 --> 00:42:01,400 affecting people but they didn't want down, they didn't shut down 686 00:42:01,400 --> 00:42:04,100 their societies and they did far better because they had a more 687 00:42:04,100 --> 00:42:06,000 open philosophy about these things. 688 00:42:06,500 --> 00:42:09,200 Now again I want to emphasize as a classical liberal. 689 00:42:10,200 --> 00:42:13,800 If I was visiting Sweden and was asked to give a public address 690 00:42:14,000 --> 00:42:17,200 but recognizing on the guests and I'm supposed to be polite 691 00:42:17,200 --> 00:42:19,900 and tactful. I would explain why I think that 692 00:42:19,900 --> 00:42:23,800 the bright with private sector could do most if not all of what 693 00:42:23,800 --> 00:42:27,000 their welfare state does. And we do it better in private 694 00:42:27,000 --> 00:42:33,600 hands, but the fact is they are not socialist economies and and 695 00:42:33,600 --> 00:42:35,700 Bernie Sanders. Who's one of those who tried to 696 00:42:35,707 --> 00:42:39,300 create this illusion wasn't me but her tea Sanders is, is 697 00:42:39,300 --> 00:42:43,700 basically Communist. He went on his honeymoon to the 698 00:42:43,700 --> 00:42:46,600 Soviet Union. Think of it. 699 00:42:46,800 --> 00:42:49,400 He tries you flies in to the Soviet Union. 700 00:42:49,400 --> 00:42:53,500 When his bride and they spend spend their wedding night 701 00:42:53,500 --> 00:42:58,200 together in a people's hotel and he gets up and opens the drapes 702 00:42:58,300 --> 00:43:01,900 and what's outside the window? A statue of Lenin and he says, 703 00:43:02,100 --> 00:43:04,400 oh baby, look at that Lenin statue. 704 00:43:04,400 --> 00:43:06,100 I'm getting hot again. Let's do it. 705 00:43:06,100 --> 00:43:08,800 I mean, this is this this guy's a wacko. 706 00:43:08,800 --> 00:43:12,600 Okay, this guy's a wacko. So, So so don't believe 707 00:43:12,600 --> 00:43:14,500 anything. He says, thinking about this 708 00:43:14,800 --> 00:43:20,100 Escape that maybe in countries When it comes to workplace 709 00:43:20,100 --> 00:43:24,200 safety and consumer safety, is that a place where the state 710 00:43:24,200 --> 00:43:28,100 should step in things like the Food and Drug Administration or 711 00:43:28,100 --> 00:43:31,500 even the Department of Agriculture or Environmental 712 00:43:31,500 --> 00:43:37,300 Protection Agency? Actually usually drives many 713 00:43:37,300 --> 00:43:39,900 people crazy when they ask me, similar questions. 714 00:43:40,100 --> 00:43:44,400 The answer is basically no. I mean that there's there's an 715 00:43:44,400 --> 00:43:48,500 excellent chapter in a book. By Milton Friedman an early book 716 00:43:48,500 --> 00:43:53,200 of his called capitalism freedom from 1962 on occupational 717 00:43:53,200 --> 00:43:57,500 licensing and certification and he explains a lot of the fact 718 00:43:57,500 --> 00:44:00,500 that the private sector did and even parallel to what the 719 00:44:00,500 --> 00:44:03,500 government is doing still does Private licensing. 720 00:44:03,500 --> 00:44:08,200 Private certification private insurances, companies act as 721 00:44:08,200 --> 00:44:10,800 guarantors for product quality because companies take out 722 00:44:10,800 --> 00:44:13,700 insurance, right? Do insurance companies like the 723 00:44:13,700 --> 00:44:16,000 pay out claims know, they like to get free. 724 00:44:16,200 --> 00:44:19,500 It would not be our client, it's in their interest to see that if 725 00:44:19,500 --> 00:44:21,900 they take on someone as a client, for which the going to 726 00:44:21,908 --> 00:44:25,600 ensure the product of the safety qualities of the product 727 00:44:25,600 --> 00:44:29,300 Manufacturing in the product, that that company is operating 728 00:44:29,300 --> 00:44:32,800 by various safety, standards of both how they produce and what 729 00:44:32,800 --> 00:44:35,800 they're selling. So this doesn't happen. 730 00:44:35,800 --> 00:44:40,000 By the way, those a business, you won't care if you poisons is 731 00:44:40,000 --> 00:44:42,600 customers. Well, you know, most businesses 732 00:44:42,600 --> 00:44:46,300 count on repeat business, you know, if I if he sells you ER, 733 00:44:46,300 --> 00:44:49,200 aspirin and you died the next day, you're not likely to buy 734 00:44:49,200 --> 00:44:52,300 another bottle of Bayer Aspirin, and the words are going to get 735 00:44:52,300 --> 00:44:54,000 out. And a lot of people who have not 736 00:44:54,000 --> 00:44:57,100 died yet from eating Bayer Aspirin are probably going to 737 00:44:57,100 --> 00:45:00,100 say, maybe I shouldn't buy it. I mean it's not in the 738 00:45:00,100 --> 00:45:05,000 self-interest but it is a fascinating subject in itself 739 00:45:05,200 --> 00:45:08,200 that there are a variety of private certification and 740 00:45:08,500 --> 00:45:11,000 research and development and insurance associations. 741 00:45:11,300 --> 00:45:13,800 That in fact, provide many of these safeguards and 742 00:45:13,800 --> 00:45:15,900 protections. I would argue the same thing. 743 00:45:16,200 --> 00:45:21,100 Lawyers about doctors about all the professionals that usually 744 00:45:21,100 --> 00:45:23,100 people say, well government doesn't do it. 745 00:45:23,600 --> 00:45:28,900 What are we going to do? The private sector will handle 746 00:45:28,900 --> 00:45:30,500 this and they say. But what about incompetent? 747 00:45:30,500 --> 00:45:35,400 Doctors are there. Not incompetent doctors today or 748 00:45:35,400 --> 00:45:39,900 they're not people that you feel that that that he wasn't 749 00:45:39,900 --> 00:45:44,300 qualified to do it, maybe maybe some of your viewers will 750 00:45:44,300 --> 00:45:47,000 remember that back in the early. 1980s. 751 00:45:47,500 --> 00:45:51,400 Ronald Reagan, ordered the US military to invade a little 752 00:45:51,400 --> 00:45:54,500 Caribbean island called Grenada cookies. 753 00:45:54,500 --> 00:45:56,900 Do it made a movie about it, called, Heartbreak Ridge. 754 00:45:59,600 --> 00:46:02,800 So why, why did why did Reagan order the military to invade? 755 00:46:02,800 --> 00:46:04,900 This little pipsqueak island in the Caribbean. 756 00:46:05,400 --> 00:46:07,900 Oh, it's threatened with a Marxist. 757 00:46:07,900 --> 00:46:10,300 Government taking over. And there's a lot of Americans 758 00:46:10,300 --> 00:46:13,900 on the island. Well, why were, there are a lot 759 00:46:13,900 --> 00:46:15,800 of Americans on this middle of nowhere. 760 00:46:16,100 --> 00:46:19,600 Caribbean island because they were a medical school there. 761 00:46:20,500 --> 00:46:23,300 And why was these Americans at this medical school? 762 00:46:23,700 --> 00:46:26,000 Please, they couldn't get him to medical schools in the United 763 00:46:26,000 --> 00:46:28,000 States. All they must have been bad 764 00:46:28,000 --> 00:46:29,600 students, they couldn't pass the exam. 765 00:46:29,600 --> 00:46:33,300 No the vast majority of them had good grades. 766 00:46:33,300 --> 00:46:35,400 Coming out of school. They're pre-med studies in 767 00:46:35,400 --> 00:46:39,600 college that young that their entry exam exams to get to be 768 00:46:39,600 --> 00:46:42,700 considered for admission. But you see the American Medical 769 00:46:42,700 --> 00:46:47,800 Association such standards Of how many medical schools in the 770 00:46:47,800 --> 00:46:53,100 United States, how many students can be taken in each year at the 771 00:46:53,100 --> 00:46:55,300 certification process out of which you come out of these 772 00:46:55,300 --> 00:46:57,600 schools. It's basically a way for the 773 00:46:57,600 --> 00:47:03,000 existing body of Physicians to control the supply of new 774 00:47:03,000 --> 00:47:05,400 competitors coming into the market. 775 00:47:05,600 --> 00:47:07,600 You now, the number of competitors, you're 776 00:47:07,600 --> 00:47:10,800 guaranteeing, the demand for your product and therefore the 777 00:47:10,800 --> 00:47:17,200 income you can earn from it. So the these see, Really good, 778 00:47:17,200 --> 00:47:22,300 you know, associations and standards are often often just 779 00:47:22,300 --> 00:47:25,700 ways for existing competitors to limit the market. 780 00:47:25,700 --> 00:47:29,600 So as to preserve their market shares of positions, Yeah, 781 00:47:29,600 --> 00:47:33,600 there's a great page on places like Wikipedia where you could 782 00:47:33,600 --> 00:47:36,400 look at all. The professional certifications, 783 00:47:36,400 --> 00:47:40,300 some are state, but the vast majority are in the voluntary 784 00:47:40,300 --> 00:47:45,000 sector things like Underwriters Laboratory being the most 785 00:47:45,000 --> 00:47:47,500 popular when it comes to things like baseball cards. 786 00:47:47,700 --> 00:47:51,200 There's a lot of them that they're commonly referred to as 787 00:47:51,200 --> 00:47:55,400 stamp of approval agencies. So, just as those have 788 00:47:55,400 --> 00:47:58,100 shortcomings governments also have shortcomings. 789 00:47:58,600 --> 00:48:01,500 Not Ry that again, is only pinned on us. 790 00:48:01,700 --> 00:48:04,800 Oh butbut. What if Moody's doesn't foresee 791 00:48:05,100 --> 00:48:08,700 the coming of the financial crisis, all Ben Bernanke and 792 00:48:08,700 --> 00:48:11,500 Janet Yellen also weren't yelling at the top of rooftops, 793 00:48:11,800 --> 00:48:15,500 it warning us about it either. So professional certification. 794 00:48:15,500 --> 00:48:19,600 I love the Granada example that one I was not familiar with. 795 00:48:20,700 --> 00:48:23,400 I just mentioned as a complementary, you just said 796 00:48:23,400 --> 00:48:28,700 there is that is it one of the advantages of the internet is 797 00:48:28,707 --> 00:48:30,600 that That you're interested in some products. 798 00:48:30,600 --> 00:48:34,700 Some service you can click and say reviews. 799 00:48:35,400 --> 00:48:39,000 Those are people put the product taking advantage of the service. 800 00:48:39,500 --> 00:48:42,200 Now there's always going to be someone who bitches in 801 00:48:42,200 --> 00:48:45,800 complaints, that's human nature but when you have maybe 200 802 00:48:45,800 --> 00:48:49,600 reviews and some are going to be negative and us some are 803 00:48:49,600 --> 00:48:53,000 positive. And one is either a lot - or a 804 00:48:53,000 --> 00:48:56,300 lot positive. You can go through them and see 805 00:48:56,600 --> 00:48:58,800 what people who have used or purchase that. 806 00:48:59,000 --> 00:49:01,900 Victory taking advantage of that service. 807 00:49:02,100 --> 00:49:06,400 Have concluded about what that that company or individuals 808 00:49:06,400 --> 00:49:10,200 offering to them. And in that case, that's another 809 00:49:10,200 --> 00:49:13,300 way of the market itself to serve as a check and balance to 810 00:49:13,300 --> 00:49:16,500 ensure quality and competitive honesty. 811 00:49:17,500 --> 00:49:20,000 Yep, that that's a another one there. 812 00:49:20,000 --> 00:49:23,100 They say, yeah. Well look, look, Richard, you 813 00:49:23,100 --> 00:49:26,900 and I are really smart guys, but the average person is stupid. 814 00:49:26,900 --> 00:49:28,800 And so that's why you can't have a free market. 815 00:49:28,900 --> 00:49:31,500 Diet where they cause they'll just buy really stupid things. 816 00:49:31,800 --> 00:49:33,700 Yet that same person believes that. 817 00:49:33,700 --> 00:49:37,200 All these stupid people should have a right to vote for 818 00:49:37,200 --> 00:49:40,600 politicians which get trillions of dollars of power. 819 00:49:41,000 --> 00:49:45,400 Every year, every single year. There's so many examples the 820 00:49:45,400 --> 00:49:49,600 final one that I'd like you to address is something like food 821 00:49:49,600 --> 00:49:51,200 stamps when it comes to, all right? 822 00:49:51,200 --> 00:49:54,300 Even if I concede Health Care, housing and schooling, are much 823 00:49:54,300 --> 00:49:56,900 more expensive than they otherwise would be as a result 824 00:49:56,900 --> 00:49:57,900 of the state. Coercively. 825 00:49:57,900 --> 00:50:01,600 Interfering What otherwise would be voluntary exchanges? 826 00:50:01,600 --> 00:50:05,500 We have to have some State Welfare, we have to have some 827 00:50:05,500 --> 00:50:09,400 social safety net, like social security for those who are no 828 00:50:09,400 --> 00:50:12,700 longer, let's say productive in their older years. 829 00:50:13,000 --> 00:50:14,800 How does Richard eberling respond? 830 00:50:15,400 --> 00:50:19,600 The historically, even before the standards of living that we 831 00:50:19,607 --> 00:50:23,800 take for granted in that today over the last let's say just 832 00:50:23,800 --> 00:50:26,400 hundred years or so. In the 19th century there had 833 00:50:26,400 --> 00:50:28,800 developed in England and the version of it United States, who 834 00:50:28,900 --> 00:50:32,800 Call The Friendly societies. These were Mutual Assurance. 835 00:50:32,800 --> 00:50:36,200 Associations for death benefits. The Breadwinner dies out. 836 00:50:36,300 --> 00:50:41,900 How we gonna pay for his burial retirement, pensions Medical 837 00:50:41,900 --> 00:50:47,600 Services saving system, to be able to put money, aside to have 838 00:50:47,600 --> 00:50:53,600 a house and all of it. And if you read this literature 839 00:50:53,600 --> 00:50:56,500 in, it is available. If you want to look for it, I've 840 00:50:56,500 --> 00:51:02,200 even written some reviews. These books by the end of the 841 00:51:02,200 --> 00:51:05,700 19th century, that's over the 1880s and 1890s. 842 00:51:06,600 --> 00:51:09,700 It is estimated because these companies kept records is 843 00:51:09,700 --> 00:51:13,900 associations kept records. And we know this the the census 844 00:51:13,900 --> 00:51:17,500 numbers from the British government doing the senses that 845 00:51:17,500 --> 00:51:22,800 by by the 1880s and 1890s two-thirds to three-quarters of 846 00:51:22,800 --> 00:51:25,900 the entire British population was covered by these friendly 847 00:51:25,900 --> 00:51:28,100 associate friendly Society, associations. 848 00:51:29,400 --> 00:51:31,200 And if you then look at the wreckage while you say, well you 849 00:51:31,207 --> 00:51:33,800 know, people who are better, we'll all for that their version 850 00:51:33,800 --> 00:51:35,800 of the middle class, yet they could afford to pay these 851 00:51:35,800 --> 00:51:37,900 insurances to these private associations. 852 00:51:38,500 --> 00:51:41,900 Know, the figures show, is that the largest proportion of people 853 00:51:42,900 --> 00:51:46,100 participating in them, when the low income categories, quote, 854 00:51:46,200 --> 00:51:49,600 the low poor working class one, because they realized that, if 855 00:51:49,600 --> 00:51:53,200 something happened wrong to them or their family, they really had 856 00:51:53,500 --> 00:51:55,400 little resources. So it's necessary for them to 857 00:51:55,400 --> 00:51:57,900 take a few of the pennies out of their admittedly modest. 858 00:51:57,900 --> 00:51:59,800 I'm worried. And to buy these insurance 859 00:51:59,800 --> 00:52:03,300 policies. The 19th century was also the 860 00:52:03,300 --> 00:52:07,500 Centre of the blossoming of of private charity and 861 00:52:07,500 --> 00:52:12,400 philanthropy. But hospitals, orphanages 862 00:52:16,700 --> 00:52:20,700 retraining people on to become gainfully employed. 863 00:52:21,100 --> 00:52:24,300 Now the large amount number of them were done by religious 864 00:52:24,300 --> 00:52:28,500 organizations, think of the Salvation Army, the Catholic 865 00:52:28,500 --> 00:52:32,700 Church, various Protestant denominations They would have 866 00:52:32,700 --> 00:52:34,800 the food kitchens, they would have shelters. 867 00:52:36,300 --> 00:52:38,600 So if this was all great, what destroyed it? 868 00:52:39,000 --> 00:52:43,600 Well, the fact is in the late 19th century, our version of the 869 00:52:43,600 --> 00:52:46,500 modern welfare state got to be began to be introduced in 870 00:52:46,500 --> 00:52:50,700 Imperial Germany. When Otto von Bismarck, the Iron 871 00:52:50,700 --> 00:52:54,700 Chancellor was Chancellor of Germany and the Socialists who 872 00:52:54,700 --> 00:52:58,100 winning votes in the, in the, in the German Parliament, the 873 00:52:58,100 --> 00:53:01,200 reichstag and it was afraid rolling over the Denver. 874 00:53:01,200 --> 00:53:04,300 And, Associates will be voted into office, the majority. 875 00:53:04,600 --> 00:53:07,100 So, how do you how do you, how do you dissuade the masses from 876 00:53:07,100 --> 00:53:08,400 voting? For the comics, or of the 877 00:53:08,408 --> 00:53:11,200 Socialist? Bismarck came up with this idea 878 00:53:11,400 --> 00:53:14,600 and he said this to several people who interviewed him. 879 00:53:15,400 --> 00:53:19,300 I decided to bribe the people that, that we would give them 880 00:53:19,300 --> 00:53:21,500 free health care. We would give them retirement, 881 00:53:21,500 --> 00:53:29,200 pensions vocational training, rest recreational, rest vacation 882 00:53:29,200 --> 00:53:31,400 areas, so that they would vote for us. 883 00:53:31,700 --> 00:53:34,400 The established parties. And this seemed to be so 884 00:53:34,400 --> 00:53:38,500 Progressive, American economists and historians, and 885 00:53:38,500 --> 00:53:40,700 philosophers, and political scientists went to study, German 886 00:53:40,700 --> 00:53:43,800 universities Journey. So Progressive, they care about 887 00:53:43,800 --> 00:53:46,800 the little guy with these programs and then in the 888 00:53:46,808 --> 00:53:52,100 beginning of the 20th century, these Americans who study to 889 00:53:52,100 --> 00:53:54,400 Germany versus came back and they became the basis of the 890 00:53:54,400 --> 00:53:57,600 American Progressive Movement. All we have to copy the German, 891 00:53:57,600 --> 00:54:00,100 outerwear little crew rough around the edges and they listen 892 00:54:00,100 --> 00:54:03,300 to the stupid old Papaw music and their soldiers, walk around 893 00:54:03,700 --> 00:54:06,400 goose-stepping with her, still stupid, pointy hats. 894 00:54:06,900 --> 00:54:11,100 But, you know, there's a good side of all these of this German 895 00:54:11,100 --> 00:54:14,300 collectivism and they became the basis of the Progressive 896 00:54:14,300 --> 00:54:16,700 Movement, that then became the basis for the policies of the 897 00:54:16,700 --> 00:54:20,200 new deal with the 1930s and Great Britain and concerning 898 00:54:20,200 --> 00:54:26,600 these Friendly societies around 1900 for the British government 899 00:54:26,600 --> 00:54:28,700 started. Introducing their version of 900 00:54:28,700 --> 00:54:30,500 what. We now call the welfare state 901 00:54:30,900 --> 00:54:32,700 and because it was funded by taxes. 902 00:54:32,900 --> 00:54:36,600 People got it for quote, free, and many of these friendly 903 00:54:36,600 --> 00:54:38,100 societies couldn't compete against that. 904 00:54:38,100 --> 00:54:40,900 How do you, how do you compete against someone who's giving the 905 00:54:40,900 --> 00:54:43,100 same type of product, but for free. 906 00:54:44,200 --> 00:54:46,900 And it basically overtime, drove the friendly societies out of 907 00:54:46,900 --> 00:54:49,900 existence because you can continue paying out of your 908 00:54:49,900 --> 00:54:54,800 take-home, pay raise your premiums and contributions, or 909 00:54:54,800 --> 00:54:57,500 you could get it from your taxes for free. 910 00:54:58,000 --> 00:55:00,600 And basically the stage of emerging welfare state, 911 00:55:00,600 --> 00:55:06,700 undermined the private sector, The book is for a new 912 00:55:06,700 --> 00:55:10,900 liberalism, find it in the link in the description below. 913 00:55:11,000 --> 00:55:13,100 Thanks to everyone for watching Keith and I don't try it on 914 00:55:13,100 --> 00:55:16,400 anyone in the libertarian Institute doctor or a blink. 915 00:55:16,400 --> 00:55:19,200 Thank you so much for your time. Absolutely my pleasure thank you 916 00:55:19,200 --> 00:55:19,800 for having me on