1 00:00:00,200 --> 00:00:02,800 Welcome to Keith's and I don't tread on anyone and the 2 00:00:02,800 --> 00:00:08,200 libertarian Institute Matt. McManus of Jacobin magazine says 3 00:00:08,500 --> 00:00:13,300 Ludwig von mises was a free market, ideologue not a 4 00:00:13,300 --> 00:00:16,200 hard-headed thinker. So that's the title and he's 5 00:00:16,200 --> 00:00:18,900 going to make the case in the article. 6 00:00:18,900 --> 00:00:23,100 However, I don't necessarily see anything wrong with being a free 7 00:00:23,100 --> 00:00:25,500 market. Ideologue, a free market audio 8 00:00:25,500 --> 00:00:30,700 log is someone who believes in decriminalizing all Capitalist 9 00:00:30,700 --> 00:00:35,200 acts between consenting adults. Not exactly something. 10 00:00:35,200 --> 00:00:39,700 That strikes me as terrible, a lot of progressives and leftist 11 00:00:39,700 --> 00:00:45,100 that would like Jacobin magazine would be just strong ideologues 12 00:00:45,100 --> 00:00:48,000 and not hard-headed thinkers. For example, they'll commonly 13 00:00:48,000 --> 00:00:51,700 make blanket statements. That I totally agree with. 14 00:00:51,700 --> 00:00:54,700 They'll say, racism is inherently bad. 15 00:00:54,700 --> 00:00:58,200 It is bad to judge someone by an accident of birth. 16 00:00:58,200 --> 00:01:02,500 Not by the content of Their character, that's just an 17 00:01:02,500 --> 00:01:06,100 ideological claim. It's not saying, well, is racism 18 00:01:06,100 --> 00:01:08,400 good or bad? Let's run some tests. 19 00:01:08,400 --> 00:01:11,500 Let's have these people but really racist against those 20 00:01:11,500 --> 00:01:14,700 people and then compare the results against non-racist 21 00:01:14,800 --> 00:01:16,800 actions. Know they make the blanket 22 00:01:16,900 --> 00:01:21,800 ideological correct statement. That racism is bad sexism. 23 00:01:21,800 --> 00:01:27,200 They say, is bad, homophobia is bad slavery, bad imperialism 24 00:01:27,200 --> 00:01:30,700 colonialism, they'll even say profit, or Greed. 25 00:01:31,200 --> 00:01:35,400 They have no problem saying that things are inherently bad and 26 00:01:35,400 --> 00:01:39,200 should not be tolerated. There's nothing wrong with being 27 00:01:39,400 --> 00:01:44,800 in idea log, but the article goes on in the subheading Ludwig 28 00:01:44,800 --> 00:01:48,200 von mises the influential right-wing economists thought of 29 00:01:48,200 --> 00:01:53,300 himself as a sober scientific critic of socialism in reality, 30 00:01:53,500 --> 00:01:57,700 he was a free market idea. Log using dressed up Dogma to 31 00:01:57,700 --> 00:02:03,000 prove why workers Bow before their capitalist Masters. 32 00:02:03,700 --> 00:02:09,000 So let's put Matt, McManus has thesis to the tested Ludwig. 33 00:02:09,000 --> 00:02:13,300 Von mises, simply support workers bowing before capitalist 34 00:02:13,300 --> 00:02:18,100 Masters, or was there a little more hard-headed thinking behind 35 00:02:18,100 --> 00:02:19,500 it? Quoting from planning for 36 00:02:19,500 --> 00:02:24,600 Freedom by literally, Von mises Misa says, what makes wages rise 37 00:02:24,700 --> 00:02:28,300 and renders the material conditions of the wage earners 38 00:02:28,300 --> 00:02:31,300 more satisfactory. Is Improvement in the 39 00:02:31,300 --> 00:02:35,300 technological equipment, American wages are higher than 40 00:02:35,300 --> 00:02:39,000 wages, in other countries because the capital invested per 41 00:02:39,000 --> 00:02:43,800 head of the worker is greater and the plants are thereby in 42 00:02:43,800 --> 00:02:48,200 the position to use the most efficient tools and machines 43 00:02:48,400 --> 00:02:50,400 what is called the American way of life. 44 00:02:50,500 --> 00:02:54,300 Is the result of the fact that the United States has put fewer 45 00:02:54,300 --> 00:02:59,100 obstacles in the way of saving and capital accumulation then 46 00:02:59,100 --> 00:03:02,900 other Is there was only one way that leads to an improvement of 47 00:03:02,900 --> 00:03:06,500 the standard of living for the wage-earning masses. 48 00:03:06,800 --> 00:03:11,100 The increase in the amount of capital invested he goes on in 49 00:03:11,100 --> 00:03:13,800 planning for freedom to also talk about the importance of 50 00:03:13,900 --> 00:03:17,500 competition. So if mises simply wanted 51 00:03:17,500 --> 00:03:23,000 workers to Bow before capitalist Masters, would he be telling the 52 00:03:23,000 --> 00:03:27,900 workers which process or set of rules would increase the 53 00:03:27,900 --> 00:03:32,600 likelihood that workers? Would have more leverage in the 54 00:03:32,600 --> 00:03:35,000 marketplace. You would think if he's a useful 55 00:03:35,000 --> 00:03:38,100 idiot of the Bourgeois Z, he would keep this a secret and he 56 00:03:38,100 --> 00:03:40,800 would never tell anyone so so far mr. 57 00:03:40,800 --> 00:03:44,800 McManus has thesis is a little more ideological. 58 00:03:44,800 --> 00:03:47,900 Not very hard. Thinking let's continue Ludwig. 59 00:03:47,900 --> 00:03:51,000 Von mises wrote a book called the anti-capitalist mentality in 60 00:03:51,000 --> 00:03:54,400 1956. He said capitalism is 61 00:03:54,400 --> 00:03:58,500 essentially a system of mass production for the satisfaction 62 00:03:58,500 --> 00:04:03,000 of the needs of Of the masses. It, pours, a Horn of Plenty, 63 00:04:03,100 --> 00:04:05,900 upon the common, man. It has raised the average 64 00:04:05,900 --> 00:04:09,500 standard of living to a height never dreamed of in earlier 65 00:04:09,900 --> 00:04:14,300 ages, it has made accessible to millions of people enjoyments, 66 00:04:14,500 --> 00:04:19,200 which a few Generations ago, were only within the reach of a 67 00:04:19,200 --> 00:04:23,700 small elite doesn't exactly sound like someone who just 68 00:04:23,700 --> 00:04:27,100 wants to preserve bhujbal Z privilege. 69 00:04:27,700 --> 00:04:32,000 So, what we could do is put this To the test, he says that 70 00:04:32,000 --> 00:04:36,500 capitalism is about serving the masses, not just the, but one 71 00:04:36,500 --> 00:04:40,500 percent well, lot of entrepreneurs who have engaged 72 00:04:40,500 --> 00:04:43,300 in capitalist acts between consenting adults. 73 00:04:43,400 --> 00:04:47,800 But first would be people like a Cornelius Vanderbilt and he did 74 00:04:47,800 --> 00:04:52,100 this by increasing the accessibility to the common man 75 00:04:52,400 --> 00:04:56,800 when it came to access for traveling through steamships and 76 00:04:57,100 --> 00:04:59,800 railroads he drastically lowered the prices. 77 00:04:59,900 --> 00:05:03,600 Invent these things. But what he did was appeal to 78 00:05:03,800 --> 00:05:07,200 the masses, when it came to Henry Ford, he didn't invent the 79 00:05:07,200 --> 00:05:10,200 car. What he did was he increase the 80 00:05:10,600 --> 00:05:14,100 efficiency of the production of process of the Model, T to make 81 00:05:14,100 --> 00:05:16,400 it more affordable for the Common. 82 00:05:16,700 --> 00:05:20,900 Man Rockefeller did not invent oil or kerosene. 83 00:05:20,900 --> 00:05:25,100 What he did was he perfected the refinery process. 84 00:05:25,200 --> 00:05:28,500 Andrew Carnegie. Did this with steel, not 85 00:05:28,500 --> 00:05:33,000 inventing Steel, but making it more accessible to the masses. 86 00:05:33,000 --> 00:05:36,100 People like Sam Walton. Did not invent grocery stores 87 00:05:36,400 --> 00:05:39,800 but he acted in such a way that made it. 88 00:05:39,800 --> 00:05:44,800 So the average person had their dollar go much further than it. 89 00:05:44,800 --> 00:05:47,500 Otherwise would have been because he drastically lowered, 90 00:05:47,700 --> 00:05:51,600 the cost of products and services the Wright brothers. 91 00:05:51,600 --> 00:05:55,600 Of course, you know, had a bicycle shop where they 92 00:05:56,000 --> 00:06:00,300 reinvested their dollars into building an airplane, In 93 00:06:00,300 --> 00:06:04,400 competition, with the federal government who was operating the 94 00:06:04,400 --> 00:06:09,100 Langley project trying to create in airplane the Wright brothers, 95 00:06:09,300 --> 00:06:12,100 of course beat them. Jeff Bezos didn't invent books 96 00:06:12,100 --> 00:06:16,000 but he made books much more widely available to the masses 97 00:06:16,000 --> 00:06:19,000 because he made them cheaper Steve Jobs didn't invent 98 00:06:19,000 --> 00:06:23,200 computers, but he made them much more, widely accessible to the 99 00:06:23,300 --> 00:06:27,600 masses Hewlett-Packard did, not invent the printer but made them 100 00:06:27,600 --> 00:06:30,500 much more accessible. So you actually, We see that 101 00:06:30,500 --> 00:06:35,200 there are real world examples of this Market idea. 102 00:06:35,200 --> 00:06:38,100 Log that actually come into play. 103 00:06:39,100 --> 00:06:45,000 So does mises believe in workers bowing to capitalist Masters. 104 00:06:45,000 --> 00:06:47,800 So far, there's no real evidence of that. 105 00:06:47,800 --> 00:06:50,900 I want to cite page, 280 Of Human Action me. 106 00:06:50,900 --> 00:06:55,900 So says, the member of a contractual Society is free 107 00:06:56,000 --> 00:06:59,800 because he serves others, only in serving himself. 108 00:06:59,900 --> 00:07:04,200 Another words in a free market in a system of voluntary, 109 00:07:04,200 --> 00:07:08,200 cooperation, you can't get a penny out of my pocket, unless I 110 00:07:08,200 --> 00:07:11,300 voluntarily give it to you. You can't get a second of my 111 00:07:11,300 --> 00:07:15,600 time, unless I freely associate with you under statism, you're 112 00:07:15,600 --> 00:07:19,500 constantly up for a vote and the psychopathic ruling class can 113 00:07:19,500 --> 00:07:21,800 steal four trillion dollars every year. 114 00:07:21,800 --> 00:07:24,600 Like they do in America, they can conscripted you. 115 00:07:24,600 --> 00:07:27,400 And to jury duty, they can conscripted you into fighting 116 00:07:27,400 --> 00:07:30,200 Wars based on lies. Not so much under a A free 117 00:07:30,200 --> 00:07:33,500 market system later on Human Action. 118 00:07:33,500 --> 00:07:37,600 Misa says, only those on the government's payroll are rated 119 00:07:37,600 --> 00:07:42,000 as unselfish and Noble. This is a classic socialist 120 00:07:42,000 --> 00:07:45,300 scheme where they say, it's really bad. 121 00:07:45,300 --> 00:07:50,700 If you're in the private sector and you seek money, well, do you 122 00:07:50,700 --> 00:07:55,100 think that Chuck Schumer and Lindsey Graham, and Joe Biden, 123 00:07:55,100 --> 00:07:59,400 and Boris Johnson? And Vladimir zielinski? 124 00:07:59,900 --> 00:08:02,400 Just a bunch of unpaid volunteers. 125 00:08:02,400 --> 00:08:06,500 Do you think government teachers are unpaid volunteers, who don't 126 00:08:06,500 --> 00:08:08,600 want money? They're just in it for the 127 00:08:08,600 --> 00:08:10,600 greater good. No, they want money. 128 00:08:10,600 --> 00:08:12,800 They're just a self-interested as the rest of us. 129 00:08:13,000 --> 00:08:16,100 So now, the question is, now that we both controlled for the 130 00:08:16,100 --> 00:08:20,200 experiment under every system, human beings seek their own 131 00:08:20,200 --> 00:08:25,100 self-interest which system Harnesses. 132 00:08:25,200 --> 00:08:28,600 This inevitable self interest in such a way to serve. 133 00:08:28,600 --> 00:08:32,400 The masses will obviously the free market capitalist system, 134 00:08:32,600 --> 00:08:36,799 which allows consumers or employees, or employers to 135 00:08:36,900 --> 00:08:40,500 voluntarily disassociate with Bad actors, as opposed to 136 00:08:40,500 --> 00:08:44,200 statism, which forces you to associate with them. 137 00:08:44,200 --> 00:08:49,000 One more the quote from mises getting into his ideology. 138 00:08:49,500 --> 00:08:53,800 The issue Meesa says, in Human Action is not the right. 139 00:08:53,900 --> 00:08:58,500 To form associations it is whether or not any association 140 00:08:58,500 --> 00:09:02,300 of private citizens should be granted the privilege of 141 00:09:02,300 --> 00:09:05,800 resorting with impunity to Violent action. 142 00:09:06,200 --> 00:09:09,700 It is the same problem that relates to the activities of the 143 00:09:09,700 --> 00:09:12,800 Ku Klux Klan. So the massassi and ideology 144 00:09:12,800 --> 00:09:16,900 explicitly says I'm not against associating right now. 145 00:09:16,900 --> 00:09:20,800 When I'm talking to someone I'm using the English language a 146 00:09:20,800 --> 00:09:25,100 language, I did not invent what I did was I Participated and I 147 00:09:25,100 --> 00:09:29,200 associated with others, to the find out about these words and 148 00:09:29,200 --> 00:09:33,700 then use them in in my own way. I'm talking onto a microphone, I 149 00:09:33,700 --> 00:09:36,100 didn't invent on talking into a computer. 150 00:09:36,100 --> 00:09:38,300 I also didn't invent, I traded for it. 151 00:09:38,500 --> 00:09:40,600 Other people actually created it. 152 00:09:41,000 --> 00:09:44,500 When it comes to charity, people are constantly using GoFundMe 153 00:09:44,500 --> 00:09:49,600 Indiegogo. It's not a disagreement. 154 00:09:49,800 --> 00:09:53,000 It's not a disagreement between, should we associate? 155 00:09:53,000 --> 00:09:58,200 Or should we All by ourselves. Everything we do, is the result 156 00:09:58,300 --> 00:10:00,800 of things that other people before us have done. 157 00:10:01,100 --> 00:10:04,900 The question is, should we cooperate voluntarily or should 158 00:10:04,900 --> 00:10:08,700 some people the state, the collective, the majority, the 159 00:10:08,700 --> 00:10:11,600 wise, the rich? Should they have the right to 160 00:10:11,600 --> 00:10:14,500 coercively rule over the rest of us? 161 00:10:14,500 --> 00:10:17,500 That is getting at the heart of Ludwig. 162 00:10:17,500 --> 00:10:24,500 Von mises Audiology, the article continues, he misses Laura Gates 163 00:10:24,500 --> 00:10:29,400 liberals, who are willing to allow any state intervention in 164 00:10:29,400 --> 00:10:31,200 the economy. Okay. 165 00:10:31,300 --> 00:10:34,100 First of all that's incorrect Ludwig. 166 00:10:34,100 --> 00:10:37,500 Von mises supported a state, police force. 167 00:10:37,700 --> 00:10:42,500 He supported the state monopolizing, the court system, 168 00:10:42,600 --> 00:10:47,700 he supported a state military so the idea that he wasn't willing 169 00:10:47,700 --> 00:10:51,900 to allow any state. Intervention is not even close 170 00:10:51,900 --> 00:10:57,000 to being accurate. Descendants continues willing to 171 00:10:57,000 --> 00:11:01,500 allow any state intervention in the economy to advance the 172 00:11:01,500 --> 00:11:05,400 general welfare. You're assuming that coercively 173 00:11:05,600 --> 00:11:12,000 intervening would Advance the general welfare again mises is 174 00:11:12,000 --> 00:11:15,900 not against people associating with each other, he's against 175 00:11:15,900 --> 00:11:21,400 one group of people coercively. Interfering a third party that 176 00:11:21,400 --> 00:11:26,000 does not have to bear the cost of the Comes of the interaction. 177 00:11:26,000 --> 00:11:29,700 So it's not that he's against advancing the general welfare, 178 00:11:29,700 --> 00:11:34,100 as we've previously discussed, he's just against some people 179 00:11:34,100 --> 00:11:39,200 coercively in her fearing, the article goes on the overwhelming 180 00:11:39,200 --> 00:11:42,000 impression. One gets from Reading mises, 181 00:11:42,000 --> 00:11:46,600 many works is unrelenting dogmatism with more than a touch 182 00:11:46,600 --> 00:11:52,000 of xenophobia and elitism quote, you have the courage to tell the 183 00:11:52,000 --> 00:11:55,900 masses what no politician told. Add them, you are inferior. 184 00:11:56,100 --> 00:11:59,500 And all the improvements in your condition, which you simply take 185 00:11:59,500 --> 00:12:03,800 for, granted you o to the effort of men who are better than you 186 00:12:03,800 --> 00:12:09,400 missis road to Ian. Rand in 1958, there is nothing 187 00:12:09,400 --> 00:12:13,800 really wrong with elitism. For example, what percentage of 188 00:12:13,800 --> 00:12:19,600 people do you think could write a show as funny as Seinfeld? 189 00:12:19,600 --> 00:12:23,900 I'm not sure if it's even close to one tenth of one percent. 190 00:12:24,100 --> 00:12:29,400 How many people are as talented at singing or rapping as Eminem 191 00:12:29,500 --> 00:12:32,100 or Adele? What percentage of people would 192 00:12:32,100 --> 00:12:36,000 you say are as talented at basketball as Kobe? 193 00:12:36,000 --> 00:12:39,100 Bryant, there's a musical eat. There's a comedy Elite. 194 00:12:39,100 --> 00:12:41,000 There's a basketball Elite in cooking. 195 00:12:41,200 --> 00:12:44,500 How many people are as good as Gordon Ramsay at cooking? 196 00:12:44,500 --> 00:12:47,900 There's a cooking Elite very small Elite. 197 00:12:47,900 --> 00:12:53,400 See, genius comes in many forms. So, the idea that yeah, there 198 00:12:53,400 --> 00:12:56,900 are some Basketball Geniuses. There's also some engineering 199 00:12:56,900 --> 00:13:00,700 Geniuses and there's some people who are pretty genius at 200 00:13:00,700 --> 00:13:04,100 knowing, how to manage and organize other people. 201 00:13:04,100 --> 00:13:07,600 And that's why you have people like Steve Jobs, earning so much 202 00:13:07,600 --> 00:13:09,400 money because he's making a product. 203 00:13:09,500 --> 00:13:12,100 That's so many people appreciate. 204 00:13:12,100 --> 00:13:15,500 So there's nothing wrong with elitism of xenophobia. 205 00:13:15,800 --> 00:13:20,000 Not really sure where that is coming in with the exception of 206 00:13:20,000 --> 00:13:24,400 every leftist who blames America uniquely for things like, Free 207 00:13:24,600 --> 00:13:28,800 and colonialism, even though all Races and all continents have 208 00:13:28,800 --> 00:13:34,500 practiced such evil deeds and not to mention elitism. 209 00:13:34,900 --> 00:13:39,200 Am I under the socialist society going to have as much power and 210 00:13:39,200 --> 00:13:44,500 influence as Jacobin magazine or Bernie Sanders, or Alexandria, 211 00:13:44,500 --> 00:13:49,100 Cascio Cortez, or the Pol Pot of whoever our new socialist 212 00:13:49,600 --> 00:13:53,700 benevolent, proletariat leader is going to be, of course, 213 00:13:53,700 --> 00:13:56,900 there's As the iron law of oligarchy anytime people are 214 00:13:56,900 --> 00:13:59,500 organized. It just makes economic sense. 215 00:13:59,800 --> 00:14:02,700 When it comes to the cost benefit analysis of putting some 216 00:14:02,700 --> 00:14:06,700 people at the top who have a lot of power and influence. 217 00:14:06,700 --> 00:14:11,700 So this is the classic scam of saying that something is bad and 218 00:14:11,700 --> 00:14:14,900 we depended on capitalism. The reality is something is bad 219 00:14:14,900 --> 00:14:17,800 and it applies to human beings under any system. 220 00:14:17,800 --> 00:14:21,800 Communism fascism syndicalism, capitalism, free market menarche 221 00:14:21,800 --> 00:14:26,300 ISM Etc. Article continues according to 222 00:14:26,300 --> 00:14:27,900 mrs. Market. 223 00:14:27,900 --> 00:14:32,100 Society alone was responsible for human progress since the 224 00:14:32,100 --> 00:14:35,200 Middle Ages. If other forces played a role, 225 00:14:35,400 --> 00:14:38,800 whether political groups agitating for universal suffrage 226 00:14:38,900 --> 00:14:42,300 or organized workers agitating for better conditions. 227 00:14:42,700 --> 00:14:46,500 These were either made possible by capitalism and therefore of 228 00:14:46,500 --> 00:14:51,700 negligible importance or were in fact, a barrier to capitalism's 229 00:14:52,100 --> 00:14:57,200 beneficent advance. Yeah, I'm not sure why universal 230 00:14:57,300 --> 00:15:01,400 suffrage or organized. First of all workers organizing, 231 00:15:01,600 --> 00:15:05,000 there's nothing in mises work, that's against workers 232 00:15:05,000 --> 00:15:07,500 organizing. What you might be referring to 233 00:15:07,700 --> 00:15:12,300 is some people, whether they be workers, bosses, people who are 234 00:15:12,300 --> 00:15:15,400 young, people who are retired, foreigners people in your 235 00:15:15,400 --> 00:15:19,100 domestic land using the state to coercively, impose their will on 236 00:15:19,100 --> 00:15:21,400 others. Well, whether their workers or 237 00:15:21,500 --> 00:15:23,700 any other demographic in society. 238 00:15:24,100 --> 00:15:28,800 Misa says that that decreases the amount of utility, his main 239 00:15:28,800 --> 00:15:34,300 argument is more freedom, equals more social, cooperation, equals 240 00:15:34,600 --> 00:15:39,700 more chances for people to achieve their satisfactory ends 241 00:15:39,700 --> 00:15:43,200 peacefully and that leads to more wealth. 242 00:15:43,200 --> 00:15:46,400 When it comes to universal suffrage, I'm not sure why 243 00:15:46,600 --> 00:15:51,100 people voting on things, make things better considering the 244 00:15:51,100 --> 00:15:55,300 average person is ignorant with regards to Politics history, 245 00:15:55,300 --> 00:16:01,700 economics, philosophy, morality and logic, but yeah, in short, 246 00:16:01,700 --> 00:16:08,000 but the reason the world is great is not because of statism 247 00:16:08,000 --> 00:16:12,400 or violence. But in spite of violence, 248 00:16:12,400 --> 00:16:19,300 following the Nazi invasion of Austria, who always always, 249 00:16:19,300 --> 00:16:22,100 always they use. N a zi. 250 00:16:22,100 --> 00:16:26,800 They never say National List. Even though that's what Joseph 251 00:16:26,800 --> 00:16:29,700 garbles. Hermann Goering Adolf Hitler 252 00:16:29,700 --> 00:16:32,600 referred to themselves as National socialists, probably 253 00:16:32,600 --> 00:16:35,600 because there's no principle difference between national 254 00:16:35,600 --> 00:16:38,400 socialism, socialism and communism. 255 00:16:38,800 --> 00:16:42,300 They all Advocate initiating violence against peaceful 256 00:16:42,300 --> 00:16:46,800 people. All it was, was that government 257 00:16:46,800 --> 00:16:50,400 regulating a different organization. 258 00:16:50,700 --> 00:16:52,900 It's some people regulating others. 259 00:16:52,900 --> 00:16:54,700 No different than if whoa. Washington. 260 00:16:54,700 --> 00:17:00,800 D.c. is regulating Arizona. Mrs. And his family, fled the 261 00:17:00,800 --> 00:17:04,599 continent and settled in the United States. 262 00:17:04,599 --> 00:17:09,700 So I guess the author is advocating for the freedom of 263 00:17:09,700 --> 00:17:13,500 disassociation. With government officials and 264 00:17:13,500 --> 00:17:16,400 freely moving to cooperate with other people. 265 00:17:16,599 --> 00:17:23,099 The sounds very ideologically libertarian mises page 357 of 266 00:17:23,099 --> 00:17:27,400 socialism said in the society based on division of labor and 267 00:17:27,400 --> 00:17:32,200 cooperation The interests of all members are in Harmony and it 268 00:17:32,200 --> 00:17:36,400 follows from this basic fact, of social life that ultimately 269 00:17:36,500 --> 00:17:40,200 action in the interests of myself and action. 270 00:17:40,200 --> 00:17:43,000 In the interest of others, do not conflict. 271 00:17:43,000 --> 00:17:46,500 Since the interests of individuals come together in the 272 00:17:46,500 --> 00:17:50,900 end, mises goes on to say in a critique of interventionism 273 00:17:50,900 --> 00:17:57,300 page, 112 Society is division and Association of Labor in the 274 00:17:57,300 --> 00:18:00,300 final analysis. Is no conflict of interest 275 00:18:00,300 --> 00:18:03,900 between society and the individual as everyone can 276 00:18:03,900 --> 00:18:08,800 pursue his interest more efficiently in society than in 277 00:18:09,100 --> 00:18:12,200 isolation. So this gets us understanding 278 00:18:12,200 --> 00:18:16,600 where mises stands and why he would be opposed to things like 279 00:18:16,600 --> 00:18:19,400 national socialism the author then. 280 00:18:19,400 --> 00:18:23,700 Discusses the calculation problem saying, mixes is perhaps 281 00:18:23,700 --> 00:18:27,100 best known for his writings on the calculation problem, which 282 00:18:27,100 --> 00:18:30,500 he claimed would be devil. Lenny socialist society under 283 00:18:30,500 --> 00:18:34,600 capitalism mises explains the price mechanism allows 284 00:18:34,600 --> 00:18:38,200 profit-seeking firms to determine what products 285 00:18:38,200 --> 00:18:43,400 consumers want and in what quantity so we can recognize 286 00:18:43,400 --> 00:18:46,800 again a constant under both systems. 287 00:18:46,800 --> 00:18:49,100 Nothing is perfect statism Minar. 288 00:18:49,100 --> 00:18:53,800 Chasm anarcho-capitalism. The question is which best 289 00:18:53,800 --> 00:18:59,000 reflects the preferences of the masses getting a vote Between 290 00:18:59,000 --> 00:19:04,300 two politicians once every four years or giving them the freedom 291 00:19:04,300 --> 00:19:09,400 to freely associate and disassociate with producers of 292 00:19:09,400 --> 00:19:14,100 certain products or services. To ask the question is to answer 293 00:19:14,100 --> 00:19:18,900 it article continues. I'd like to focus on the 294 00:19:18,900 --> 00:19:23,300 profound flaws of mises moral and political Arguments for 295 00:19:23,300 --> 00:19:26,500 private. Property and capitalism, mises 296 00:19:26,500 --> 00:19:29,800 often a historically. It's these together under the 297 00:19:29,800 --> 00:19:34,500 label liberalism, as in his book, liberalism the program of 298 00:19:34,500 --> 00:19:38,600 liberalism therefore if condensed into a single word 299 00:19:38,700 --> 00:19:42,200 would have to read property that is private ownership of the 300 00:19:42,200 --> 00:19:46,900 means of production, all the other demands of liberalism 301 00:19:47,000 --> 00:19:52,000 result from the fundamental demand side by side with the 302 00:19:52,000 --> 00:19:56,000 word property in the program of liberalism one may quite 303 00:19:56,000 --> 00:19:59,700 appropriately. Place the words free Mm hand 304 00:19:59,800 --> 00:20:03,400 piece. So it is statements like this, 305 00:20:03,700 --> 00:20:08,100 that make it seem like Libertarians uniquely support 306 00:20:08,200 --> 00:20:11,700 property rights and they fade for things like property over 307 00:20:11,900 --> 00:20:13,900 people. When in reality all you have to 308 00:20:13,900 --> 00:20:17,800 look at is things like government spending or January 309 00:20:17,800 --> 00:20:22,000 6th to find out that the statist or the progressive or the 310 00:20:22,000 --> 00:20:26,500 Jacobin is equally. Obsessed with property rights. 311 00:20:26,500 --> 00:20:29,400 They don't say well hey, anyone has the The right to go into the 312 00:20:29,400 --> 00:20:32,500 Capitol and take whatever they want because I don't believe in 313 00:20:32,500 --> 00:20:34,700 property rights. You could go into the Pentagon 314 00:20:34,700 --> 00:20:38,400 and take whatever you could go into government schools and take 315 00:20:38,400 --> 00:20:40,200 whatever you want. You can just go into any 316 00:20:40,200 --> 00:20:43,500 government, the department of motor vehicles and take whatever 317 00:20:43,500 --> 00:20:45,800 you want. You could not abide by the 318 00:20:45,800 --> 00:20:48,600 Environmental Protection Agency because they're just trying to 319 00:20:48,600 --> 00:20:51,500 regulate your property and things that you're doing and 320 00:20:51,500 --> 00:20:54,800 we're against that. Now, everyone believes in some 321 00:20:54,800 --> 00:20:58,900 sort of property rights, however they try to make it seem Like 322 00:20:58,900 --> 00:21:02,300 our anti-human and extra materialist by saying, we only 323 00:21:02,300 --> 00:21:06,600 care about property, what distinguishes, the Communists 324 00:21:06,600 --> 00:21:10,600 from the capitalist is the capitalist believes or 325 00:21:10,600 --> 00:21:15,100 recognizes the right of people private property owners to 326 00:21:15,100 --> 00:21:19,300 freely associate and or engage in contracts. 327 00:21:19,400 --> 00:21:23,500 The Communist says, I know what exploitation is and I don't 328 00:21:23,500 --> 00:21:27,000 allow almost all of the contracts that people choose to 329 00:21:27,100 --> 00:21:30,900 freely engage in So, both believe in property, only the 330 00:21:30,900 --> 00:21:35,100 capitalist or voluntarist believes in property and freedom 331 00:21:35,700 --> 00:21:39,100 and when it comes to the word, Peace, A very wise man. 332 00:21:39,400 --> 00:21:43,400 Once said that war is the health of the state, meaning that in a 333 00:21:43,408 --> 00:21:46,800 time of war, that state could do things that otherwise couldn't 334 00:21:46,800 --> 00:21:50,300 get away with by scaring the population into saying, oh, 335 00:21:50,300 --> 00:21:54,000 there's this terrible thing or group of people at war with us. 336 00:21:54,100 --> 00:21:56,300 But also the state is the health of War. 337 00:21:56,500 --> 00:22:00,000 So when these Jacobins advocate, The government get trillions of 338 00:22:00,000 --> 00:22:03,500 dollars. Well they can often find enemies 339 00:22:03,500 --> 00:22:08,200 to go to war with and if they have the ability to tax, well 340 00:22:08,300 --> 00:22:10,400 they're more likely to spend that money on war. 341 00:22:10,400 --> 00:22:13,000 If they don't have to work for it, they could blow it on 342 00:22:13,000 --> 00:22:14,800 things. They don't really care about, if 343 00:22:14,800 --> 00:22:17,800 they're so powerful, they might have the ability to conscript 344 00:22:17,800 --> 00:22:22,000 people against their will. So therefore, the state is also 345 00:22:22,000 --> 00:22:25,000 the health of War because people don't actually have to bear the 346 00:22:25,000 --> 00:22:30,400 cost of their bad actions. Imagine if Barack Obama had to 347 00:22:30,400 --> 00:22:34,100 individually and peacefully, and voluntarily raise money for the 348 00:22:34,100 --> 00:22:36,800 invasion of Libya. Not sure. 349 00:22:36,800 --> 00:22:40,200 If, if it would have happened, the article goes on. 350 00:22:40,900 --> 00:22:45,400 What makes the market uniquely powerful for mises, is his 351 00:22:45,400 --> 00:22:48,200 belief that through each person's pursuit of their own 352 00:22:48,200 --> 00:22:51,100 individual interests. They contribute to the overall 353 00:22:51,300 --> 00:22:54,600 well-being, through mutually, beneficial exchanges, that 354 00:22:54,600 --> 00:22:58,800 intern incentivize further, economic growth at times, He 355 00:22:58,800 --> 00:23:02,400 compares the market to something approximating a worldwide 356 00:23:02,400 --> 00:23:06,400 democracy where each consumer is allowed to vote with their 357 00:23:06,400 --> 00:23:11,600 dollars on what should be produced compare that to the 358 00:23:11,600 --> 00:23:15,300 political economy. When I buy something in the 359 00:23:15,300 --> 00:23:19,300 marketplace, I have an incentive to find out if it's good or bad. 360 00:23:19,500 --> 00:23:23,000 And if I'm ignorant, well, I have to bear the cost in the 361 00:23:23,000 --> 00:23:28,100 political Marketplace. If you will, I bear no cost. 362 00:23:28,100 --> 00:23:31,300 If If I vote for a bad politician, in fact, if the 363 00:23:31,308 --> 00:23:35,300 government does something bad their incomes or their 364 00:23:35,300 --> 00:23:38,600 government revenue, likely will increase. 365 00:23:39,200 --> 00:23:42,000 I mean, imagine all the time you'd have to spend looking into 366 00:23:42,000 --> 00:23:45,900 agricultural, subsidies schooling, foreign policy 367 00:23:46,700 --> 00:23:50,800 domestic policy. The history of what has happened 368 00:23:50,800 --> 00:23:53,600 with things like the Great Depression or things like 369 00:23:53,600 --> 00:23:57,900 Spanish imperialism. It is so costly in time, money 370 00:23:57,900 --> 00:24:00,200 and resources. Is to get informed that most 371 00:24:00,200 --> 00:24:03,100 people don't care to get informed because at the end of 372 00:24:03,100 --> 00:24:08,000 the day, they have a 1 in a 100 million vote there for voting or 373 00:24:08,100 --> 00:24:13,800 voluntourism and democracy in the marketplace is much more 374 00:24:13,900 --> 00:24:17,800 efficient and much more moral than in the political sphere. 375 00:24:19,200 --> 00:24:23,100 Article continues while mises acknowledges that some people 376 00:24:23,100 --> 00:24:25,600 have more dollars with which to vote. 377 00:24:25,800 --> 00:24:28,100 He is untroubled by this imbalance. 378 00:24:28,700 --> 00:24:32,300 Probably because mrs. Recognizes that it's an 379 00:24:32,300 --> 00:24:35,900 imbalance that exists always and forever. 380 00:24:35,900 --> 00:24:39,900 If everyone in America were given an equal vote, Joe. 381 00:24:39,900 --> 00:24:43,100 Biden would still have more power than everyone else. 382 00:24:43,100 --> 00:24:46,200 Kamala Harris, even Michelle Obama, someone never elected to 383 00:24:46,200 --> 00:24:48,800 office because of her relation to someone. 384 00:24:49,100 --> 00:24:54,700 Who was elected, as she has more power and influence. 385 00:24:54,900 --> 00:25:01,600 Then 99.999 percent of Americans ever will with, with her 386 00:25:01,600 --> 00:25:05,800 institutional power. So under every system for what 387 00:25:05,800 --> 00:25:11,800 percentage of Cubans are as powerful as Raul Castro or 388 00:25:11,800 --> 00:25:16,400 whoever took over from Fidel. What percentage of Venezuelans 389 00:25:16,700 --> 00:25:21,400 are as powerful as Nicolas Maduro, what percentage of North 390 00:25:21,400 --> 00:25:25,600 Koreans are as powerful as Kim il-sung, or Kim Jong-il or Kim 391 00:25:25,600 --> 00:25:28,500 Jang, Hoon. There's always this power 392 00:25:28,800 --> 00:25:31,800 imbalance. Any time human beings organized. 393 00:25:31,800 --> 00:25:36,300 What percentage of people in Finland are as powerful as the 394 00:25:36,300 --> 00:25:39,900 Prime Minister who wants them to join NATO, I've only heard from 395 00:25:39,900 --> 00:25:43,100 one person from Finland abound, whether or not they want to join 396 00:25:43,100 --> 00:25:46,100 NATO and its her, haven't heard anyone else. 397 00:25:46,400 --> 00:25:50,000 According to Jacobin, there's tons of Quality all over the 398 00:25:50,000 --> 00:25:52,600 place in the political sphere, of course, there's not. 399 00:25:53,400 --> 00:25:57,300 He thinks we should disregard moralistic demands for equality. 400 00:25:57,300 --> 00:25:59,800 Motivated. He says by mere resentment and 401 00:25:59,800 --> 00:26:04,800 instead realize that a rising Tide Rises All Ships, eventually 402 00:26:04,800 --> 00:26:08,000 He suggests liberalism and capitalism will bring about a 403 00:26:08,000 --> 00:26:12,900 high standard of living and worldwide, peace for all, not 404 00:26:12,900 --> 00:26:17,600 for all. There's no Steel Man, perfect 405 00:26:17,600 --> 00:26:19,600 world. However, it's Much more likely 406 00:26:19,600 --> 00:26:24,500 to do so than the Alternatives, the article continues. 407 00:26:24,600 --> 00:26:28,500 If the aim is achieving the highest level of overall, 408 00:26:28,500 --> 00:26:32,500 happiness, for a society in which each person's happiness 409 00:26:32,500 --> 00:26:37,800 counts equally then a relatively or even highly, egalitarian 410 00:26:37,800 --> 00:26:41,100 distribution of goods subject to variation, based on each 411 00:26:41,100 --> 00:26:46,000 individual's particular needs would seem like the only 412 00:26:46,100 --> 00:26:51,200 sensible distribution no way. Would not, I don't have a really 413 00:26:51,200 --> 00:26:54,400 good laptop because things were evenly distributed. 414 00:26:54,500 --> 00:26:58,400 People like Steve Jobs, had a ton more power than everyone 415 00:26:58,400 --> 00:27:00,300 else. I don't have a really cool 416 00:27:00,300 --> 00:27:04,200 ceiling fan because everyone equally was informed and then 417 00:27:04,200 --> 00:27:06,700 they voted on how fans should operate. 418 00:27:06,800 --> 00:27:09,400 Same thing with microphones or Mouse's. 419 00:27:09,400 --> 00:27:13,600 The the idea that distribution of goods or power should be 420 00:27:14,000 --> 00:27:19,100 equal is completely ridiculous. The second fallacy That's 421 00:27:19,100 --> 00:27:21,500 practiced here. Is they saying subject of 422 00:27:21,508 --> 00:27:24,700 variation based on each individual's particular needs. 423 00:27:24,900 --> 00:27:29,300 They want a highly egalitarian distribution of goods. 424 00:27:29,600 --> 00:27:33,100 What that is, is an end. That is a goal. 425 00:27:33,500 --> 00:27:37,800 What meets us is talking about is a means or a process to 426 00:27:37,800 --> 00:27:41,900 achieve said goal. So if we both agree, we want the 427 00:27:41,908 --> 00:27:45,100 most people to have the most amount of stuff or even if we 428 00:27:45,100 --> 00:27:49,100 want these things to be equal, which process or set of, Well, 429 00:27:49,100 --> 00:27:52,700 should we Embrace to increase the likelihood that the most 430 00:27:52,700 --> 00:27:55,600 amount of people will have the most amount of access to 431 00:27:55,600 --> 00:28:00,400 products goods and services of higher quality and lower cost? 432 00:28:00,600 --> 00:28:03,900 What this person is talking about is the goal of what mises 433 00:28:03,900 --> 00:28:08,000 is talking about is the process which he believes will likely 434 00:28:08,000 --> 00:28:09,200 achieve the goal. I'm sorry. 435 00:28:09,200 --> 00:28:12,600 Not which he believes which irrefutably in every case will 436 00:28:12,600 --> 00:28:17,600 achieve that goal that they allegedly want, the article 437 00:28:17,600 --> 00:28:21,100 continues. More importantly, in a world 438 00:28:21,100 --> 00:28:25,000 where the Nordic social democracies, enjoy the world's, 439 00:28:25,000 --> 00:28:29,600 highest standard of living. So I want to put that to the 440 00:28:30,000 --> 00:28:34,000 test by what metric can we determine standard of living. 441 00:28:34,600 --> 00:28:37,600 From what I hear a lot of Christian monks, a lot of 442 00:28:37,600 --> 00:28:41,800 Buddhists are extraordinarily poor and extraordinarily happy, 443 00:28:42,000 --> 00:28:45,200 the link, I click on in this article does not account for 444 00:28:45,200 --> 00:28:46,700 that. They appear to be just a bunch 445 00:28:46,700 --> 00:28:50,500 of material list. Go paths who only care about 446 00:28:50,500 --> 00:28:56,300 property and monetary gain. But let's accept their premise 447 00:28:56,300 --> 00:28:59,400 and just talk about higher standards of living with regards 448 00:28:59,400 --> 00:29:03,700 to material equality. First thing we could do is look 449 00:29:03,700 --> 00:29:09,800 at the Fraser institute's ranking of the most to least 450 00:29:09,800 --> 00:29:13,200 economically free countries and see where these Nordic systems 451 00:29:13,200 --> 00:29:16,400 compared to places like the United States. 452 00:29:16,900 --> 00:29:21,000 As you can see in the graph. If on your screen all five 453 00:29:21,000 --> 00:29:25,700 Nordic states are actually ranked higher than America with 454 00:29:25,700 --> 00:29:28,900 regards to economic freedom. When it comes to Denmark, 455 00:29:28,900 --> 00:29:31,500 Finland, Iceland, Sweden and Norway. 456 00:29:31,500 --> 00:29:36,400 All of those countries have more economic freedom, then America, 457 00:29:36,700 --> 00:29:39,500 common misconception. See, the problem is, these 458 00:29:39,500 --> 00:29:44,300 people are really ideological and they're not real hard headed 459 00:29:45,200 --> 00:29:48,400 fingers or a success or scientist, they sort of just 460 00:29:48,500 --> 00:29:50,600 live in. Our had not really anything to 461 00:29:50,600 --> 00:29:55,000 do with the real world. So that is one way of refuting, 462 00:29:55,200 --> 00:29:58,100 this thesis. Well, Nordic countries have the 463 00:29:58,100 --> 00:30:03,200 Sun, so we can also go to one of the great authors from one of 464 00:30:03,200 --> 00:30:04,400 the Nordic countries. Sweden. 465 00:30:04,400 --> 00:30:09,200 A guy named Johan Norberg. His analysis of the issue is the 466 00:30:09,200 --> 00:30:13,300 funny thing is that if the Sanders and acacio Cortez's of 467 00:30:13,300 --> 00:30:16,900 the world made the United States, more like Sweden, what 468 00:30:16,900 --> 00:30:20,100 would really happen? The United States would have to 469 00:30:20,100 --> 00:30:24,100 have more free markets, more free trade pension reform with 470 00:30:24,100 --> 00:30:26,400 private accounts. A national school, voucher 471 00:30:26,400 --> 00:30:29,400 system with freedom of choice and Public Funding going to 472 00:30:29,400 --> 00:30:33,700 private schools as well low corporate taxes and no taxes on 473 00:30:33,700 --> 00:30:37,900 wealth property and inheritance. Why did we reform Sweden? 474 00:30:38,100 --> 00:30:41,500 Sweden like that in the last two decades because we had a taste 475 00:30:41,500 --> 00:30:44,400 of socialism and we didn't like it. 476 00:30:44,400 --> 00:30:48,500 This is one of the biggest myths of all time, Robert Lawson. 477 00:30:48,900 --> 00:30:51,000 And dr. Benjamin Powell and dr. 478 00:30:51,000 --> 00:30:54,100 Tom Woods. Co-authored a book titled 479 00:30:54,100 --> 00:30:57,300 socialism sucks. The thesis written by dr. 480 00:30:57,300 --> 00:31:00,900 Woods in the introduction is summarized as follows. 481 00:31:01,100 --> 00:31:04,300 He was a got a PhD from Columbia and Harvard University. 482 00:31:04,300 --> 00:31:08,100 He says there's plenty to say regarding Sweden won its 483 00:31:08,100 --> 00:31:12,400 socialist policies were made possible by wealth created under 484 00:31:12,600 --> 00:31:16,300 an essentially capitalist economy as recently as the 1950s 485 00:31:16,400 --> 00:31:22,500 remember government's best spent Aunt less as a percentage of GDP 486 00:31:22,500 --> 00:31:25,600 in Sweden. Then in the United States, two 487 00:31:25,700 --> 00:31:30,100 swedes are in about 50 percent more in the United States in are 488 00:31:30,100 --> 00:31:33,700 supposedly Wicked economy and three since Sweden's. 489 00:31:33,700 --> 00:31:37,800 Explosion of social welfare spending there, have been zero 490 00:31:37,800 --> 00:31:42,700 jobs created on net in the private sector, not to mention. 491 00:31:42,700 --> 00:31:47,100 It's what is commonly referred to as an abuse of analogy, 492 00:31:47,300 --> 00:31:51,100 Denmark, Finland, and Norway. All have between five and six 493 00:31:51,100 --> 00:31:53,700 million inhabitants. While Iceland has the smallest 494 00:31:53,700 --> 00:31:57,000 population with only three hundred and seventy thousand 495 00:31:57,000 --> 00:32:02,600 inhabitants. Where as America has 330 million 496 00:32:02,600 --> 00:32:06,500 inhabitants, many of whom are immigrants all different ages 497 00:32:06,500 --> 00:32:10,700 from all different countries. So comparing, the two is 498 00:32:10,700 --> 00:32:15,200 completely ridiculous. What you can do for an accurate 499 00:32:15,500 --> 00:32:19,600 comparison is to look at the population of The average Nordic 500 00:32:19,600 --> 00:32:24,600 country and compare it to a state in America that has a 501 00:32:24,600 --> 00:32:27,400 similar population. So the Nordic countries 502 00:32:27,400 --> 00:32:33,700 averaging between 56 million people have an or rather have a 503 00:32:33,700 --> 00:32:39,800 gross domestic product per capita in u.s. dollars at about 504 00:32:39,900 --> 00:32:44,200 68 thousand dollars a year per capita. 505 00:32:44,200 --> 00:32:47,400 If we compare that to a place like Massachusetts, this is a 506 00:32:47,400 --> 00:32:51,000 state in the Northeast. In part of America that has a 507 00:32:51,000 --> 00:32:55,800 similar number of people. We actually have a higher GDP 508 00:32:55,800 --> 00:33:00,100 per capita at 75,000 dollars in US dollars. 509 00:33:00,300 --> 00:33:03,400 So, that is an actual controlled experiment. 510 00:33:03,400 --> 00:33:06,900 Much like a controlled experiment would be North Korea 511 00:33:06,900 --> 00:33:09,300 versus South Korea or East, Germany. 512 00:33:09,400 --> 00:33:12,700 Vs West, Germany. But no, they love to throw the 513 00:33:12,700 --> 00:33:15,700 Nordic countries out because people haven't really looked 514 00:33:15,700 --> 00:33:18,200 into them yet. Also, we could find that the 515 00:33:18,200 --> 00:33:25,100 United States States has about a 60 3543 dollar GDP per capita, 516 00:33:25,100 --> 00:33:29,300 whereas Sweden, one of the main Nordic countries that's commonly 517 00:33:29,300 --> 00:33:34,900 referenced has a GDP per capita of about 52 thousand dollars 518 00:33:35,500 --> 00:33:39,500 another state in America, which has roughly eight point. 519 00:33:39,500 --> 00:33:43,800 Three million people is New York and they have this is just 520 00:33:43,800 --> 00:33:47,400 talking about the New York metropolitan area, New York, New 521 00:33:47,400 --> 00:33:51,700 Jersey, Pennsylvania. Is about seventy four thousand 522 00:33:51,900 --> 00:33:56,500 dollar, so that's still is more than the Nordic countries. 523 00:33:57,000 --> 00:34:00,700 So it's incredible. That Jacobin is criticizing 524 00:34:00,700 --> 00:34:03,900 meets us for just being an idea log and not really being down to 525 00:34:03,900 --> 00:34:07,000 earth when, meanwhile, they make claims that have nothing to do 526 00:34:07,200 --> 00:34:11,199 with the real world. Another way we could measure the 527 00:34:11,199 --> 00:34:15,400 wealth of societies and which places are wealthier. 528 00:34:15,400 --> 00:34:21,100 And why is by looking at States Within America, the most free 529 00:34:21,100 --> 00:34:22,500 states. The ones that have the lowest 530 00:34:22,500 --> 00:34:25,699 taxes and least amount of Regulation low with barriers to 531 00:34:26,000 --> 00:34:29,699 entry versus the least free states. 532 00:34:29,699 --> 00:34:33,100 There's actually a paper on this titled, equality, liberty and 533 00:34:33,100 --> 00:34:37,900 prosperity by Anthony Davies. Megan Teague and James are 534 00:34:37,900 --> 00:34:42,000 Harrigan and the study that these phds found was that the 535 00:34:42,000 --> 00:34:47,400 more free people were in States. The more voluntary exchanges 536 00:34:47,699 --> 00:34:51,400 they made the more Competition, there was the more Innovation. 537 00:34:51,600 --> 00:34:53,900 There was the lower barriers to entry. 538 00:34:53,900 --> 00:34:57,500 The more people have the ability to achieve their ends in life. 539 00:34:57,500 --> 00:35:00,400 So they actually not only had more wealth, but there was more 540 00:35:00,400 --> 00:35:03,400 economic equality and prosperity. 541 00:35:03,400 --> 00:35:06,600 So these are all the studies that empirically show that 542 00:35:06,600 --> 00:35:10,200 economic freedom is the most beneficial way to arrange a 543 00:35:10,200 --> 00:35:12,800 society. If you want to go further, you'd 544 00:35:12,800 --> 00:35:16,900 have to analyze America, the average American first, the 545 00:35:16,908 --> 00:35:21,000 average Sweden, or the average. American Swede based on their 546 00:35:21,000 --> 00:35:24,800 ages say, maybe 30 to 55, those are higher. 547 00:35:24,800 --> 00:35:27,500 In coming years, you have to control for gender women. 548 00:35:27,500 --> 00:35:31,300 Tend to work Less in the workplace, work more at home, 549 00:35:31,400 --> 00:35:34,700 you'd have to control for full-time versus part-time work. 550 00:35:34,800 --> 00:35:37,900 The length of consecutive employment, women are more 551 00:35:37,900 --> 00:35:41,600 likely to take jobs where they're able to leave and have 552 00:35:41,600 --> 00:35:44,100 kids. You'd also have to control for 553 00:35:44,400 --> 00:35:48,600 which educational facilities, they enter in which degrees 554 00:35:48,800 --> 00:35:52,200 He's, they attempt to get degrees from whether it's 555 00:35:52,200 --> 00:35:55,600 engineering or teaching, you get the big differences in income. 556 00:35:55,600 --> 00:35:59,200 So of course, Jacobin magazine doesn't account for any of that. 557 00:35:59,200 --> 00:36:01,000 It's just a socialist propaganda. 558 00:36:01,500 --> 00:36:05,900 Now, I want to get back to what I said at the beginning about me 559 00:36:05,900 --> 00:36:09,200 sis Advocates, the decriminalization of capitalist 560 00:36:09,200 --> 00:36:13,100 acts between consenting adults. For the same reason any 561 00:36:13,100 --> 00:36:15,100 consenting adults, should be able to choose their life 562 00:36:15,100 --> 00:36:16,700 partner. They should be able to choose 563 00:36:16,700 --> 00:36:18,700 which products to buy, which services. 564 00:36:18,800 --> 00:36:21,800 Or just anyone could try to influence them by persuading 565 00:36:21,800 --> 00:36:23,600 them, or offering them an alternative. 566 00:36:23,600 --> 00:36:26,700 But at the end of the day, my body, my choice, my money, my 567 00:36:26,700 --> 00:36:30,100 choice, my time, my choice. So, what the Socialist is 568 00:36:30,100 --> 00:36:34,300 actually doing, is what's commonly referred to, as by 569 00:36:34,300 --> 00:36:40,200 psychologists as emotional abuse from bustle.com they compared 570 00:36:40,200 --> 00:36:44,000 you to others a subtle but nonetheless nefarious sign of 571 00:36:44,000 --> 00:36:47,100 emotional abuse. If your partner is constantly 572 00:36:47,100 --> 00:36:51,200 comparing you to others, As a way to make you feel inferior or 573 00:36:51,200 --> 00:36:55,500 not, good enough the Socialist will always say, but Canada has 574 00:36:55,600 --> 00:36:59,300 fill in the blank, something that takes hours to verify and 575 00:36:59,300 --> 00:37:02,700 find the details of, but Sweden has blank. 576 00:37:03,100 --> 00:37:06,600 It doesn't matter either people on themselves and have a right 577 00:37:06,600 --> 00:37:10,500 to engage in capitalist tax or economic activities between 578 00:37:10,500 --> 00:37:14,200 consenting adults, or some other people rule them. 579 00:37:15,200 --> 00:37:18,800 Another way we could verify whether or not the high prices 580 00:37:18,800 --> 00:37:22,900 that are constantly pinned on American free market, is the 581 00:37:22,900 --> 00:37:28,100 result of industries that exist in a more or less free market 582 00:37:28,100 --> 00:37:31,300 because not every industry is equally taxed or equally 583 00:37:31,400 --> 00:37:34,300 regulated. In fact, Paul Krugman the 584 00:37:34,300 --> 00:37:38,100 progressive author of the book titled, the conscience of a 585 00:37:38,100 --> 00:37:41,600 liberal wrote a book in 2004, and in 2004. 586 00:37:41,800 --> 00:37:44,400 He said that 44 percent of healthcare. 587 00:37:44,800 --> 00:37:50,100 Coverage is actually funded by the United States government. 588 00:37:50,100 --> 00:37:55,700 So this is Medicare, Medicaid, the VA veterans association and 589 00:37:55,700 --> 00:37:59,600 in 2004 we didn't have Medicare Part D that was implemented by 590 00:37:59,600 --> 00:38:02,500 Republican George Bush. We also didn't have the 591 00:38:02,500 --> 00:38:08,300 Affordable Care Act that had been passed under Barack Obama. 592 00:38:08,300 --> 00:38:12,100 So back then it was still 44 percent and he who pays the 593 00:38:12,100 --> 00:38:15,600 piper calls the tune producers. Focused on pleasing the 594 00:38:15,600 --> 00:38:17,500 government. Instead of consumers, they have 595 00:38:17,500 --> 00:38:21,400 no interest in lowering costs. Another way we could look at 596 00:38:21,400 --> 00:38:24,100 this is from the American Enterprise Institute. 597 00:38:24,100 --> 00:38:29,200 We could see which Industries have the most prices that are 598 00:38:29,200 --> 00:38:32,700 decreasing verse which Industries are continuously 599 00:38:32,700 --> 00:38:36,000 increasing in price. And it turns out the most 600 00:38:36,000 --> 00:38:41,600 regulated Industries, hospitals, College, tuition, and Medical 601 00:38:41,600 --> 00:38:44,500 Care. Along with housing are 602 00:38:44,700 --> 00:38:48,800 Classically increasing in price much more, so than televisions 603 00:38:48,800 --> 00:38:52,300 toys computer, software cell, phone services cars, and 604 00:38:52,300 --> 00:38:55,500 clothing things, that have the least amount of Regulation. 605 00:38:55,800 --> 00:38:59,600 This is how you can empirically test the claims of the 606 00:38:59,600 --> 00:39:02,500 Socialist. Again, I'm not even that big on 607 00:39:02,500 --> 00:39:06,300 it because I'm still going to Advocate volunteerism and 608 00:39:06,300 --> 00:39:09,500 peaceful cooperation, I don't need to look at the studies of 609 00:39:09,900 --> 00:39:14,100 well, let's try Jim Crow laws and see if they work. 610 00:39:14,700 --> 00:39:17,300 But by what metric who's going to do that test? 611 00:39:17,400 --> 00:39:22,900 I'm not even go, I'm not even willing to Grant the concept 612 00:39:22,900 --> 00:39:26,400 that some people have the right to rule others, whether it's Jim 613 00:39:26,400 --> 00:39:31,100 Crow, whether it's sexism, whether it's the economy, I 614 00:39:31,100 --> 00:39:38,500 don't have the capacity or care to do such an experiment article 615 00:39:38,500 --> 00:39:44,500 continues, a truly Global focus on utility would reveal that. 616 00:39:44,700 --> 00:39:48,900 Disparities between different regions of the world with the 617 00:39:48,900 --> 00:39:54,100 rich shelling out enormous sums on Goods of low marginal utility 618 00:39:54,200 --> 00:39:58,000 while the poor lack access to food shelter and water. 619 00:39:58,900 --> 00:40:03,300 Important note an increase in access to food water and 620 00:40:03,300 --> 00:40:06,000 shelter. Is it does not come from 621 00:40:06,000 --> 00:40:10,600 socialists voting or socialist complaining or BLM in antifa 622 00:40:10,800 --> 00:40:14,500 rioting looting and burning down productive facilities. 623 00:40:14,700 --> 00:40:17,900 It actually comes from competition, free trade 624 00:40:17,900 --> 00:40:23,200 investment and Innovation so they love to both shoot at the 625 00:40:23,200 --> 00:40:26,800 Golden Goose and complain that the Golden Goose is not lying 626 00:40:26,800 --> 00:40:29,700 enough eggs. They think everyone has a right 627 00:40:29,700 --> 00:40:34,400 to these scarce Goods that only come as a result of the labor 628 00:40:34,400 --> 00:40:37,300 and efforts of others. And then they vilify, the people 629 00:40:37,300 --> 00:40:42,100 who produce those goods. Any stringent utilitarianism 630 00:40:42,300 --> 00:40:45,000 would recognize there can be no. Argument. 631 00:40:45,300 --> 00:40:50,400 Okay, there can be no argument for spending 275 million dollars 632 00:40:50,600 --> 00:40:54,300 on a luxury yacht. When you could inoculate 633 00:40:54,300 --> 00:40:57,300 thousands of children against malaria for $10 a pop. 634 00:40:58,100 --> 00:41:00,900 The current US Government gets four trillion dollars every 635 00:41:00,900 --> 00:41:05,400 year. You think another 275 is really 636 00:41:05,400 --> 00:41:09,700 about to turn things around. Well, actually the free market 637 00:41:09,700 --> 00:41:13,000 is working on both. If you go to give well.org, you 638 00:41:13,000 --> 00:41:16,700 can check out the against malaria area foundation where 639 00:41:16,700 --> 00:41:20,100 you can actually see, which organizations are stopping the 640 00:41:20,100 --> 00:41:23,200 spread of malaria, Believe It or Not. 641 00:41:23,200 --> 00:41:27,700 Jacobin magazine does not make the top 100. 642 00:41:27,700 --> 00:41:31,000 When it comes to things that actually solve people of 643 00:41:31,000 --> 00:41:34,500 malaria, it's people who take their scarce dollars and 644 00:41:34,500 --> 00:41:39,300 allocate it to places like give well.org or medications, like 645 00:41:39,400 --> 00:41:44,500 chloroquine phosphate or things like a see T's but jacket. 646 00:41:44,700 --> 00:41:48,700 And is too busy vilifying, the people who actually make life on 647 00:41:48,700 --> 00:41:50,700 Earth, better for the rest of us. 648 00:41:51,400 --> 00:41:54,700 Article continues, one of the most striking things about me. 649 00:41:54,700 --> 00:41:58,900 Sis is his fairy tale understanding of liberalism's 650 00:41:58,900 --> 00:42:02,400 complex history, which he often couples with a dose of 651 00:42:02,400 --> 00:42:08,900 chauvinism and Prejudice complex history as opposed to the ideas 652 00:42:09,300 --> 00:42:13,500 and organizations promoted by socialists and Jacobin, you 653 00:42:13,500 --> 00:42:17,400 know, Like government, you know, since the days of Ganga scon and 654 00:42:17,500 --> 00:42:22,000 Kaiser Wilhelm, I have murdered. God knows how many people under 655 00:42:22,000 --> 00:42:25,200 the guise of helping people and civilizing. 656 00:42:25,200 --> 00:42:30,900 People as if governments today in Russia or Ukraine or Saudi 657 00:42:30,900 --> 00:42:36,100 Arabia, or Yemen or are many are not murdering innocent people. 658 00:42:36,300 --> 00:42:40,500 The nerve that these people have to criticize the voluntary 659 00:42:40,500 --> 00:42:46,100 sector but while government's commit mass murder On a scale on 660 00:42:46,100 --> 00:42:49,900 thought of before is is just incredible when it comes to 661 00:42:49,900 --> 00:42:53,600 chauvinism. The most sexist thing that 662 00:42:53,600 --> 00:42:58,600 literally Von mises ever said, was that people who oppose the 663 00:42:58,600 --> 00:43:00,800 draft are the enemies of Liberty. 664 00:43:01,000 --> 00:43:05,100 He actually said something to the this extent when he said 665 00:43:05,100 --> 00:43:06,800 that. Well, if we don't practice the 666 00:43:06,800 --> 00:43:09,500 draft and the national socialists in Germany practice 667 00:43:09,800 --> 00:43:12,000 the draft. Well, they're basically going to 668 00:43:12,200 --> 00:43:15,300 take us over. He was a man of Of his time he 669 00:43:15,300 --> 00:43:20,600 was incorrect in that idea that he was born into the able to see 670 00:43:20,600 --> 00:43:24,300 through so many things, not able to see through the immorality of 671 00:43:24,300 --> 00:43:26,600 forced labor when it comes to the state. 672 00:43:26,600 --> 00:43:30,000 Of course Jacobin has no principled objection to forced 673 00:43:30,000 --> 00:43:31,300 labor. All they care about us. 674 00:43:31,600 --> 00:43:34,500 Well, I'd first have to measure the Surplus value. 675 00:43:34,700 --> 00:43:39,400 Complete complete nonsense article continues. 676 00:43:39,800 --> 00:43:43,600 This is them, criticizing the age of Imperialism. 677 00:43:44,100 --> 00:43:48,200 All Government is imperialism, anything that Jacobin magazine 678 00:43:48,200 --> 00:43:52,500 Advocates is imperialism. When Washington d.c. makes a 679 00:43:52,508 --> 00:43:54,800 law. That Florida has to abide by and 680 00:43:54,800 --> 00:43:57,000 Texas has to abide by in Arizona. 681 00:43:57,200 --> 00:44:00,800 Or when people in Buckingham Palace pass a law that people in 682 00:44:00,900 --> 00:44:04,500 the Isle of Wight have to abide by its imperialism. 683 00:44:04,700 --> 00:44:08,300 It's some people coercively imposing their will on others. 684 00:44:08,500 --> 00:44:10,900 That is socialism it's national socialism. 685 00:44:10,900 --> 00:44:13,000 It's communism, it's syndicalism. 686 00:44:13,000 --> 00:44:17,000 It's fascism they're All different Wings on the same 687 00:44:17,000 --> 00:44:21,700 Kamikaze plane of collectivism. The author, then criticizes me 688 00:44:21,700 --> 00:44:25,200 sis for Loosely, saying the colonization of India was 689 00:44:25,200 --> 00:44:28,700 legitimated in part as an effort to bring civilization and 690 00:44:28,700 --> 00:44:32,800 markets to and allegedly backward, part of the world. 691 00:44:33,000 --> 00:44:37,100 Look, all government is immoral. And some governments are better 692 00:44:37,300 --> 00:44:39,800 than others. I don't like the South Korean 693 00:44:39,800 --> 00:44:44,000 government, but it's better than the North Korean government 694 00:44:44,000 --> 00:44:46,400 sometimes. Just have to pick your battles 695 00:44:46,400 --> 00:44:49,900 and second of all, this is the exact argument progressives have 696 00:44:49,900 --> 00:44:52,900 against those idiots. In the South who are just so 697 00:44:52,900 --> 00:44:55,600 uncivilized. We have to have the union, 698 00:44:55,900 --> 00:44:59,900 invade them and impose, our will on them or else they just won't 699 00:44:59,900 --> 00:45:03,700 behave in in the right way and I don't care. 700 00:45:03,900 --> 00:45:07,600 What does statistics say about minorities and their support for 701 00:45:07,600 --> 00:45:10,500 voucher systems that they need to Washington? 702 00:45:10,500 --> 00:45:15,800 D.c. to impose our will on, on the rest of Them here is what 703 00:45:15,800 --> 00:45:20,200 meets has actually said about the concept of imperialism 704 00:45:20,200 --> 00:45:24,400 calling from omnipotent government page. 90 a nation 705 00:45:24,400 --> 00:45:26,900 therefore has no right to say to a province. 706 00:45:27,200 --> 00:45:31,300 You belong to me, I want to take you a province consists of its 707 00:45:31,300 --> 00:45:33,900 inhabitants. If anybody has a right to be 708 00:45:33,900 --> 00:45:39,200 heard, in this case, it is these inhabitants boundary disputes 709 00:45:39,300 --> 00:45:43,500 should be settled by plebiscite quoting from nation-state and 710 00:45:43,500 --> 00:45:49,600 economy page. 34 Lisa says, to the princely principle of 711 00:45:49,600 --> 00:45:54,800 subjecting just as much land as obtainable to one's own rule, 712 00:45:55,000 --> 00:45:58,700 the doctrine of Freedom, opposes the principle of the right of 713 00:45:58,700 --> 00:46:03,400 self-determination of peoples which follows necessarily from 714 00:46:03,400 --> 00:46:06,400 the principle of the rights of man. 715 00:46:06,600 --> 00:46:11,600 No, people and no part of a people shall be held against its 716 00:46:11,600 --> 00:46:16,600 will in a political Association that it It does not want. 717 00:46:17,000 --> 00:46:21,400 I don't know how much more clear mises can be about opposing 718 00:46:21,400 --> 00:46:25,400 things, like imperialism and supporting things like secession 719 00:46:25,500 --> 00:46:31,500 or anti-colonialism. That is all I have for you on 720 00:46:31,700 --> 00:46:33,500 this article. Thank you for watching Keith and 721 00:46:33,500 --> 00:46:37,200 I don't try it on anyone and the libertarian Institute. 722 00:46:37,200 --> 00:46:39,900 Check out my book. The voluntarist handbook.