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What's up, Keith? 
How's it going? 

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Welcome to conflicts of interest
your first time on this show. 

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But of course we've talked in 
the past on my old show foreign 

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policy Focus. 
I'll link to the episode episode

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in the show notes page, but 
how's it going? 

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It's going pretty well, still 
very upset with the whole Walter

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Williams passing, but seeing so 
many people will keep his memory

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alive is, is really cool. 
Yeah. 

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Well, I mean, that's kind of 
what I want to have you. 

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On the show. 
Talk about today in the past. 

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You know, I have the show 
foreign policy Focus, so never 

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really talked economically, but 
one of the reasons I picked up 

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in, you know, well as a co-host 
and then change, the showed name

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was to talk more about economics
and stuff like that. 

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And it, you know, seem like the 
passing of Walter Williams, who 

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was somebody that I washed 
everything like that was on the 

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guys, like ten years ago or so, 
on YouTube. 

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I'm pretty sure I watch every 
video. 

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That was on YouTube of Walter 
Williams, and so, he taught me a

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lot about economics. 
I don't know if I read any of 

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his books. 
Like I read pretty much all 

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Thomas, Al's Buds, and Tom 
woods. 

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And by Murphy, a couple meets 
these boats on like he can omits

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and stuff. 
But, you know, he's now passed 

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away. 
And so I thought it would be a 

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great time to talk a little bit 
about like libertarian and 

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Austrian economics Walter 
Williams and you know, 

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capitalism freedom, and all that
stuff and couldn't think of a 

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better person to do that with. 
Then I keep night here who it's 

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just so So well, write on the 
libertarian, economics. 

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So raid array to get into this. 
I am, yes, Williams gives us so 

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much material to work with. 
I was actually introduced to him

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because I was in around 2008 to 
2009 and a half. 

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I was still an Obama supporter 
and I think my default just 

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because it's all I had known was
that the only reason you could 

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hate Obama. 
Is one, you're racist and to you

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hate the poor. 
So to I think it was just me 

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saying that oh my God, a black 
guy is criticizing Obama. 

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This he might actually have some
ideas and this is what it 

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eventually. 
Got me out of progressivism was 

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simply hearing someone talk 
about actual ideas. 

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And once you hear, you know, 
principles and history and 

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morality and philosophy being 
discussed. 

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Then this whole thing of like 
just one political opponent 

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call. 
Calling the other socialist, the

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other calls the other one a 
racist. 

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It's so trivial, once you get 
into it. 

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So I think the best thing on I'm
sorry. 

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Did you have a starting point 
with Williams that you wanted to

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go to know? 
I particularly I guess I was 

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wondering if like, because, you 
know, I do have some listeners 

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to the show who are more 
interested in the foreign policy

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side of stuff. 
I think they will get allow this

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conversation, but just generally
like, maybe a brief Overview of 

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Walter Williams for somebody 
who's maybe only heard the name 

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once or twice and isn't, you 
know, hasn't read his work are 

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watch. 
You know, Tommy YouTube. 

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Well, born in 1936 Williams, 
grew up in sort of like a Jim 

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Crow Style America, where, you 
know, there was very different 

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going from 1936 America to first
black, president America, and he

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was actually commenting in a 
book called. 

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Comics and race or race and 
economics. 

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And he basically brings out the 
idea that you can't judge 

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something just by looking at the
results. 

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By the way, if anyone wants a 
great summary of his best work, 

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it's a 10-page paper called the 
argument for free markets, 

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morality versus efficiency. 
So we really gets to the heart 

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of everything there. 
So one of the things he mentions

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in this article is he gives the 
analogy of a poker game. 

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So Looking at just and unjust 
outcomes in society. 

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You might say, well, it's unfair
that group a has x amount and 

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Group B has y amount. 
Well, instead of looking at just

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the results. 
What we have to do is look at 

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the process of how these things 
come about. 

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So, imagine small-scale you're 
in a poker game, and one person 

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has a lot of money. 
Someone else has 15%, and 

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someone else has, you know, 10% 
of the money. 

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Is this Fair? 
Well, all you're looking at are 

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the results, you're not focusing
on the process. 

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The process is what matters. 
So he says there's a number of 

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things. 
There's a number of process 

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questions and these would 
include something like did the 

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players play voluntarily. 
The fact that that's the first 

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question on his mind. 
It's just so vital because he 

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realizes that, it's the 
foundation of morality always 

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getting back to that which the 
state is cannot justify whenever

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Programs are being advocated. 
They don't pass the first rule 

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of letting people live their 
lives on aggressed. 

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The second question. 
He says, where the poker play, 

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were the poker rules, neutral 
and unbiased Lee applied. 

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So, when structuring any society
or even sort of game you would 

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want to make sure you have rules
that past the con thien 

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categorical imperative of 
universalization. 

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So if I can't do it, It to you. 
Well, that implies you can't do 

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it to me. 
This is what makes something 

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like slavery, logically 
inconsistent. 

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Because if it is Justified, then
everyone owns everyone else's 

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body. 
So again, just with this great 

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poker analogy. 
He really gets at the heart of 

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the political philosophy. 
Well, I can, can I just found 

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something right there that when 
I start to really learn about 

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libertarianism and, you know, 
this kind of economic is that I 

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really thought was important was
that this isn't just like a 

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prescription of what should 
happen with health care, but 

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rather what is like, you know, 
fundamental like a priori like, 

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you know, arguments about 
Humanity. 

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Like, you are free. 
Like, that's where you have to 

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start. 
Not should you have Healthcare? 

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Not should you have a universal 
basic income? 

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Or not? 
And so it seemed to be, you 

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know, there's a lot more 
consistency. 

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Like philosophy and like 
philosophy and principle, where 

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it's all rooted in, rather than 
seeming just arbitrary where as 

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you know, it is is a poker game 
the you know, right thing to 

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have are not does it encourage, 
you know, bad behavior, sinful 

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ads and stuff like that. 
So that's just one of the things

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I really like about libertarian 
economics and Walter Williams 

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and hide describes things. 
Well, yeah, instead of getting 

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you to think in Don Lemon 
talking points. 

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You're actually addressing 
things at a foundational level. 

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So it totally changes. 
I mean you could read a thousand

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articles on CNN and none of them
will be as intellectually 

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stimulating as this article, 
especially for someone being 

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introduced to the ideas. 
And then his final question for 

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the poker game was the game 
played without cheating? 

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If the processes were just 
affirmative answers would be To 

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those three questions and there 
would be a poker Justice 

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irrespective of outcome. 
So in other words, it's not 

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justified to look at conflicts 
of interest and my show Keith 

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Knight. 
Don't try it on anyone. 

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See you have more listeners than
I do. 

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Therefore you're exploiting me 
and I need to collect device 

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against you with a dictatorship 
of the proletariat to get just 

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outcomes. 
Look what? 

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Are essentially saying if you 
Advocate statism or violent 

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redistribution ISM of any form, 
you're essentially saying that 

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consumers, voices, do not 
matter. 

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And in a situation where A and B
want to make an exchange a third

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party, see Congress or you know,
the workers or anyone else has 

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the right to initiate aggression
against these two consenting 

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parties. 
This is what Williams gets at 

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the heart. 
At he says, he has this great 

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one where he Calls money 
certificates of performance. 

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So you can sort of think of them
as like these little rewards 

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that you can allocate to people.
And if you want more LeBron 

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James, well, you pay LeBron 
James and then he has an 

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incentive to produce more. 
That's how Walmart, and Amazon 

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go from these little shops. 
No one's ever heard of two 

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things that we can always get. 
Because they've gotten so many 

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certificates of performance from
their voters. 

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So to speak from their customers
who have We appreciated the 

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products and services that that 
they've provided. 

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Well, I mean, can take a quick 
detour on that because I know 

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there's going to be some people 
who jump and they say, oh, well,

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you know, Amazon and Walmart, 
really, aren't that great. 

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There's just all these 
government subsidies and stuff 

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like that. 
And so, you know, we're in a 

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particularly unique situation 
here in late 2020. 

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We're basically there in a lot 
of ways, that's kind of how you 

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could get your stuff. 
Walmart and Amazon, there's not 

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many other options just legally 
what's allowed to open or not, 

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you know, small businesses are 
forced to close and businesses 

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are allowed to stay open and it 
seems to happen, you know, on 

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the store level on the 
Restaurant. 

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Level on even light the car 
dealership level where if you 

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got like a little lot and you're
just some guy selling used cars 

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probably not going to stay, open
your big Nationwide car chain. 

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I bet you got the lobbyists to 
get your business is open. 

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So, you know, just just point 
that out. 

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Of course. 
Well, the that's a vitally 

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important aspect that a lot of 
people don't appreciate the 

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biggest anti-free Market 
Advocates, as Milton Friedman, 

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would always say our 
intellectuals and businessmen 

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since the days of Frederick 
Engels the capitalist, the 

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business owner who was funding 
Karl Marx to Jacob Schiff 

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funding, the Russian Revolution,
one of the richest Bankers ever 

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to George Soros. 
Funding moveon.org. 

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They have always advocated big 
government and I bet and Bezos 

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comes out and supports the 
minimum wage laws as does Doug 

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McMullen, and H Lee Scott, the 
two former CEOs of Walmart. 

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So, the incredible thing is, is 
that they are so often the ones 

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advocating. 
This it's generally referred to 

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as a regulatory capture. 
This is when any industry is 

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regulated, what Congress will 
essentially do is appoint a 

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committee. 
T, who will seek people who are 

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extremely informed on on how the
industry works? 

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So they could properly regulate 
it. 

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The problem is the people with 
the most amount of information 

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are the CEOs and heads of 
industry in those, in those 

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areas. 
The the perfect example is in 

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1910. 
JPMorgan got Frank, vanderlip, 

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Paul Warburg & up and five other
gentleman to his house on Jekyll

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Island, and they Wrote. 
What today is the Federal 

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Reserve Act One, probably the 
biggest regulation the single 

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act of Regulation. 
It just monopolized the currency

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and into the hands of the state 
in the year 1913. 

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This was actually verified by 
one of the guys at the meeting, 

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Frank vanderlip in 1935. 
So yes, you're definitely 

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correct. 
It's not always the result of 

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free markets that companies get 
so big it's often at the expense

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of them so that That is 
important. 

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Right? 
And I mean, I think where we are

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now, it's it seems like it's 
every industry, you know, even 

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talking about Bezos. 
He owns the Washington Post. 

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I got on the news ticker today 
for the show one. 

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I saw reason where there's a 
proposal to stick another, 25 

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billion dollar bailout in there 
where the airlines are 25 

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billion dollars and they say 
it's going to save like 30,000 

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jobs, which about seven hundred 
thousand. 

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The job and you know, this is 
going to be a good idea in this 

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is what reasonable people are 
going to support, because it 

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saves jobs and that's going to 
be the narrative. 

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And may I got to say if I worked
at if I were like a big huge guy

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working at Airline or something 
like that. 

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I'll take the seven hundred 
thousand dollars directly. 

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If you don't have to give it to 
the airline at, all, right? 

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I mean, come on, exactly. 
Great points. 

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You very often have People who 
have a concentrated benefit and 

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a dispersed cost. 
So, the likelihood of anyone, 

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it, let's say everyone found out
about the banker bailouts of 

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2008. 
I think like, Dianne Feinstein, 

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according to Tom Woods is book 
meltdown got like, two thousand 

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calls 95% were, don't bail out 
the bank's. 

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She, of course, voted to bail 
them out, you know, because our 

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representatives represent us and
the so Contracts are totally 

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real thing. 
So in light of that it doesn't 

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really make economic sense for 
you as an individual to go 

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protest something. 
Because the likelihood of you 

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changing, it's very small and 
for you, it only is going to 

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00:13:42,900 --> 00:13:47,100
cost you ten twenty thirty 
dollars, which you'll make in a 

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00:13:47,108 --> 00:13:49,600
couple hours at work. 
Whereas with them. 

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They have every incentive to 
send 50 lobbyists is saying the 

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00:13:54,700 --> 00:13:56,500
world economy is going to 
collapse. 

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Laps, unless you give the 
bankers trillions. 

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Well, that's pretty convenient. 
So yeah, of course, with 

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concentrated benefits and 
dispersed costs. 

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You get a constant growth of the
state. 

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00:14:10,700 --> 00:14:14,200
It's in the small interest 
groups to heavily Lobby so they 

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can reap benefits. 
And for us, it's like, oh, was 

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00:14:16,800 --> 00:14:18,700
there. 
Another Patriot Act passed? 

241
00:14:19,200 --> 00:14:21,700
It's going to it's so hard and 
they never listen to me. 

242
00:14:21,700 --> 00:14:25,000
Anyways, so that's problem. 
It's probably not even worth 

243
00:14:25,000 --> 00:14:27,800
fighting. 
This is what Hans Hoppers says 

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00:14:27,800 --> 00:14:32,900
is the general justification or 
the general reason? 

245
00:14:33,200 --> 00:14:36,200
That governments constantly 
grow, special, interest groups 

246
00:14:36,200 --> 00:14:38,900
have a big incentive Average, 
Joe does not have an incentive, 

247
00:14:39,300 --> 00:14:44,800
right? 
But what we can get to that 

248
00:14:44,800 --> 00:14:46,300
later. 
Is there anything you want to 

249
00:14:46,300 --> 00:14:46,900
say on that? 
Yeah. 

250
00:14:46,900 --> 00:14:49,600
The the last point I was just 
kind of make is that it and you 

251
00:14:49,600 --> 00:14:52,300
have all this stuff that's 
supposed to be like Private 

252
00:14:52,300 --> 00:14:55,400
Industry and we show like you 
are looking at how the 

253
00:14:55,400 --> 00:14:58,000
government is like heaven. 
Ali influence and help build 

254
00:14:58,000 --> 00:15:00,200
these companies up. 
But then you have other things 

255
00:15:00,200 --> 00:15:02,700
that are also called private 
companies like Lockheed Martin 

256
00:15:02,700 --> 00:15:05,500
in these weapons makers like 
Raytheon, right. 

257
00:15:05,500 --> 00:15:08,700
And there we spend one trillion 
dollars a year on our military 

258
00:15:09,100 --> 00:15:14,000
and you know, Trump's secretary,
you know, defense secretaries 

259
00:15:14,400 --> 00:15:16,400
one was a former Raytheon 
lobbyist. 

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00:15:16,400 --> 00:15:19,700
One was a former Boeing 
lobbyists are board members and 

261
00:15:19,700 --> 00:15:21,500
looks like Biden's about to 
appoint. 

262
00:15:21,500 --> 00:15:25,300
This former retired. 
General now Lloyd Austin and 

263
00:15:25,300 --> 00:15:28,200
turns out this guy's Sitting on 
the board of Raytheon. 

264
00:15:28,500 --> 00:15:32,900
And so I mean it's crazy that, 
you know, even the heads of 

265
00:15:32,900 --> 00:15:36,600
these entire departments there 
and charger so much spending now

266
00:15:37,600 --> 00:15:41,100
are formally board members, and 
I'm sure have tons of stock and,

267
00:15:41,400 --> 00:15:45,400
you know, Legacy reasons to 
ensure that, you know, the the 

268
00:15:45,400 --> 00:15:47,400
profits of those companies go 
on. 

269
00:15:47,900 --> 00:15:52,000
And so, you know, that means 
building more bombs and spending

270
00:15:52,000 --> 00:15:55,100
more money on the military. 
Of course. 

271
00:15:55,100 --> 00:15:59,500
Yeah, one of the things that 
people often mistake is to just 

272
00:15:59,500 --> 00:16:05,900
say private good public bad, but
public if we're assuming funded 

273
00:16:05,900 --> 00:16:08,700
by the state meaning, it's 
coercively funded. 

274
00:16:08,700 --> 00:16:10,400
Yes. 
It's bad in every case and 

275
00:16:10,700 --> 00:16:12,900
Immortal. 
However, just because something 

276
00:16:12,900 --> 00:16:15,500
is private, doesn't mean it's 
morally Justified. 

277
00:16:15,500 --> 00:16:19,100
So let's get back to Walter 
Williams where he says he starts

278
00:16:19,100 --> 00:16:22,400
this excellent paper off 
freedoms first principle 

279
00:16:22,400 --> 00:16:25,000
freedoms. 
First principle is Each person 

280
00:16:25,000 --> 00:16:27,000
owns himself. 
Notice. 

281
00:16:27,000 --> 00:16:32,300
He didn't say freedom is 
electing Republicans or voting 

282
00:16:32,300 --> 00:16:35,400
libertarian or opposing the 
government. 

283
00:16:35,400 --> 00:16:39,300
That's 50 steps in the 
complexity direction that human 

284
00:16:39,300 --> 00:16:42,800
beings have, you know, created 
with social constructs and 

285
00:16:42,800 --> 00:16:45,000
whatnot. 
If you don't own yourself 

286
00:16:45,000 --> 00:16:48,800
someone else owns you claiming a
better claim to your body than 

287
00:16:48,800 --> 00:16:52,700
you actually have mean. 
So they own their own body and 

288
00:16:52,700 --> 00:16:54,900
they own your body that As 
slavery. 

289
00:16:54,900 --> 00:16:56,800
So that is the foundation of 
slavery. 

290
00:16:57,500 --> 00:17:00,100
This is an idea that has existed
for. 

291
00:17:00,500 --> 00:17:03,500
I don't know the beginning of 
time and today still exists 

292
00:17:03,500 --> 00:17:07,599
under the guise of conscription 
and the draft and regulation. 

293
00:17:07,900 --> 00:17:10,599
It's some people claiming to own
the bodies of others. 

294
00:17:11,000 --> 00:17:15,700
So, when you get into this, 
well, Boeing's a private company

295
00:17:15,700 --> 00:17:19,599
or Twitter's or Facebook, is a 
private company, or IBM, was a 

296
00:17:19,599 --> 00:17:23,200
private company working with the
national socialist government. 

297
00:17:23,300 --> 00:17:27,400
Well, Just because they are 
private, doesn't mean they are 

298
00:17:27,400 --> 00:17:29,700
respecting. 
The each person owns himself 

299
00:17:29,700 --> 00:17:33,200
principle. 
You could be a Jeffrey Epstein. 

300
00:17:33,300 --> 00:17:37,300
Well, that this might be another
story but generally Jeffrey, 

301
00:17:37,300 --> 00:17:39,700
Epstein was a private 
individual. 

302
00:17:40,100 --> 00:17:43,100
So, does that make what he did 
morally Justified? 

303
00:17:43,100 --> 00:17:45,300
No, because he didn't respect 
that. 

304
00:17:45,300 --> 00:17:48,500
Each person owns himself 
principle in the fact that he, 

305
00:17:48,600 --> 00:17:52,300
you know, was raping kids who 
don't have the mental capacity 

306
00:17:52,300 --> 00:17:55,900
to consent. 
So, Right, literally enslaving 

307
00:17:55,900 --> 00:17:57,700
girls and stuff like that. 
Right? 

308
00:17:58,600 --> 00:17:59,200
Sorry. 
I'm sorry. 

309
00:17:59,200 --> 00:18:02,400
Yeah, you know, I mean he was 
like, literally enslaving girls 

310
00:18:02,400 --> 00:18:04,700
like in forcing them to have sex
with other people. 

311
00:18:04,700 --> 00:18:08,300
So yeah, like obviously he 
didn't uphold those principle, 

312
00:18:08,300 --> 00:18:12,400
you know, I mean, yeah. 
Well, that's why it's someone 

313
00:18:12,400 --> 00:18:16,000
it's important to have the 
principal and not just memorize 

314
00:18:16,000 --> 00:18:18,400
public. 
Good private, Brad business, 

315
00:18:18,400 --> 00:18:22,000
good business, but you can be an
immoral business person if you 

316
00:18:22,000 --> 00:18:30,000
were Shinobi consent of one of 
the parties involved so that 

317
00:18:30,000 --> 00:18:32,700
does not, but it's not about 
public or private. 

318
00:18:32,800 --> 00:18:36,900
It's about self ownership and 
voluntary exchange, and 

319
00:18:36,900 --> 00:18:40,400
voluntary contracts, and then 
private property, which is 

320
00:18:40,400 --> 00:18:44,100
implied in contracts and just 
transfers. 

321
00:18:44,400 --> 00:18:48,100
So again Walter Williams 
realizing the value of 

322
00:18:48,100 --> 00:18:53,100
principles as opposed to I mean 
if the paper had started out, 

323
00:18:53,100 --> 00:18:55,500
what year was this written? 
I'm not I'm not seeing a date on

324
00:18:55,500 --> 00:18:57,500
this. 
Um, if the print, if the 

325
00:18:57,500 --> 00:19:02,100
paperwork started out, the thing
about Bill Clinton is or Ross, 

326
00:19:02,100 --> 00:19:06,400
Perot is well, that's going to 
be a relevant real quick. 

327
00:19:07,000 --> 00:19:11,500
The fact that he was able to get
to the principles is just so, 

328
00:19:12,700 --> 00:19:16,000
it's so vital. 
He then says, with the 

329
00:19:16,000 --> 00:19:19,700
recognition of each person owns 
himself, we readily discover, 

330
00:19:19,700 --> 00:19:24,400
what constitutes, just, and 
unjust conduct claiming that 

331
00:19:24,400 --> 00:19:28,700
there is a moral All that 
morality is objective and there 

332
00:19:28,700 --> 00:19:33,200
is a Justified way to, to fund 
this. 

333
00:19:33,200 --> 00:19:35,600
And in the same way. 
We have a scientific method. 

334
00:19:35,600 --> 00:19:38,600
We could have a morality method 
or a philosophical method. 

335
00:19:38,800 --> 00:19:44,400
Of if, if we say that, you know,
this Falls at 1 meter per second

336
00:19:44,400 --> 00:19:47,100
per second. 
And then we do a test realizing 

337
00:19:47,100 --> 00:19:49,600
that's not the case. 
Well, we need to ditch that in 

338
00:19:49,600 --> 00:19:51,700
the same way. 
If you have a moral theory, that

339
00:19:51,700 --> 00:19:56,000
says, I believe in equality and 
also Congress has the right. 

340
00:19:56,100 --> 00:19:59,100
To rule, 330 million peaceful 
people. 

341
00:19:59,300 --> 00:20:01,700
Well, you can't claim that, 
that's a just Theory. 

342
00:20:02,000 --> 00:20:05,600
So in this first paragraph 
Walter Williams has contributed 

343
00:20:05,700 --> 00:20:11,200
more intellect to the human 
race, then, I don't know, every 

344
00:20:11,200 --> 00:20:14,000
Professor that I had in college 
before. 

345
00:20:14,000 --> 00:20:16,200
I was kicked out all the 
teachers. 

346
00:20:17,200 --> 00:20:23,000
Every single late night show on 
NBC CNN, MSNBC. 

347
00:20:23,700 --> 00:20:27,600
Just incredible. 
Any thoughts on that? 

348
00:20:27,600 --> 00:20:30,000
Oh, yes, he goes on. 
WE readily discover. 

349
00:20:30,000 --> 00:20:32,700
What constitutes? 
Just an unjust conduct referring

350
00:20:32,700 --> 00:20:34,600
to murder. 
Rape and theft. 

351
00:20:34,600 --> 00:20:38,000
In other words, what 
differentiates rape from sex is 

352
00:20:38,000 --> 00:20:42,600
consent theft from trade, is 
consent, which does adhere to 

353
00:20:42,600 --> 00:20:45,700
the each person owns himself. 
Principal brilliant stuff in 

354
00:20:45,700 --> 00:20:49,400
such a short amount of time. 
Right. 

355
00:20:49,400 --> 00:20:51,400
No, absolutely. 
And this is something. 

356
00:20:51,400 --> 00:20:54,000
I actually have brought up 
earlier when you were talking 

357
00:20:54,000 --> 00:20:56,600
about the poker analogy where 
like this is like, you know, 

358
00:20:56,600 --> 00:21:00,200
those fundamental first 
principles that you don't get 

359
00:21:00,200 --> 00:21:03,200
from other, you know, you point 
out your professors and stuff. 

360
00:21:03,200 --> 00:21:07,500
But even for the most part, any 
like politician who's 

361
00:21:07,500 --> 00:21:11,200
advocating, any even the 
Republicans, I mean, you know, 

362
00:21:11,200 --> 00:21:14,100
there are some exceptions. 
There's Thomas Massie, right? 

363
00:21:14,100 --> 00:21:18,500
But for the most part, nobody 
has, you know, any kind of like,

364
00:21:18,900 --> 00:21:22,800
First principle. 
I mean, AOC may say she has 

365
00:21:22,800 --> 00:21:26,400
principles like she supports 
this, you know, program, she 

366
00:21:26,400 --> 00:21:28,500
supports that program. 
She supports a program. 

367
00:21:28,500 --> 00:21:31,100
But like you can't stand that 
out, right? 

368
00:21:31,100 --> 00:21:34,700
Like the she'll vote for a war 
or vote for defense spending. 

369
00:21:35,000 --> 00:21:37,500
So it's not like she really 
thinks everybody is entitled to 

370
00:21:37,508 --> 00:21:40,000
healthcare because we'll go blow
up, somebody's hospice pill and 

371
00:21:40,000 --> 00:21:43,400
shown care about that. 
But you know, she's like, oh we 

372
00:21:43,400 --> 00:21:45,200
have to have Universal Health 
Care in the u.s. 

373
00:21:45,200 --> 00:21:48,400
So, you know, that that's why I 
think really differentiates 

374
00:21:48,400 --> 00:21:50,500
wall. 
Sir, Williams from a lot of the 

375
00:21:50,500 --> 00:21:53,500
other in this is the importance 
of the first principles and 

376
00:21:53,500 --> 00:21:55,500
everything in, like you said, 
the first paragraph. 

377
00:21:56,900 --> 00:21:59,800
Absolutely. 
He talks about there must be an 

378
00:21:59,800 --> 00:22:05,400
Institutional framework. 
So if we go to, I don't want to 

379
00:22:05,400 --> 00:22:07,100
use this example. 
Let me see if I could think of 

380
00:22:07,100 --> 00:22:10,600
another one. 
Well, if we use the example of 

381
00:22:10,600 --> 00:22:14,000
marijuana legalization, we could
say that there was an 

382
00:22:14,000 --> 00:22:18,100
institutionalized recognition of
it being okay to use marijuana 

383
00:22:18,300 --> 00:22:22,100
long before there was ever any, 
you know, states, legalize, a, 

384
00:22:22,100 --> 00:22:24,700
b, and c. 
Because if there's no, if no one

385
00:22:24,700 --> 00:22:27,400
at the party, Is going to call 
the police. 

386
00:22:27,500 --> 00:22:31,400
Well, then you're going to be 
able to do it and there's going 

387
00:22:31,400 --> 00:22:34,500
to be an institutionalized 
recognition of it being a 

388
00:22:34,500 --> 00:22:38,500
morally, just action. 
Whereas, you know, something 

389
00:22:38,500 --> 00:22:43,300
like I hate to use this example.
Also, I got to start coming up 

390
00:22:43,300 --> 00:22:45,900
with new analogies. 
I'm sorry, but the analogy of, 

391
00:22:46,000 --> 00:22:50,000
you know, a child rapist. 
If you're in prison, and you're 

392
00:22:50,000 --> 00:22:53,100
a child rapist, you're probably 
going to get killed if word gets

393
00:22:53,100 --> 00:22:54,700
out. 
So, there again, is an 

394
00:22:54,700 --> 00:22:57,300
institutionalized. 
Ignition, it's not about the 

395
00:22:57,300 --> 00:23:01,200
government writing laws and then
telling cops to enforce it. 

396
00:23:01,200 --> 00:23:05,000
So okay, institutionalized 
framework. 

397
00:23:05,800 --> 00:23:08,900
Yeah, he changes he changed it 
up there. 

398
00:23:09,000 --> 00:23:11,200
What any thoughts on that? 
Yeah. 

399
00:23:11,200 --> 00:23:15,200
It just I think the weed topic 
is a good one because they, you 

400
00:23:15,200 --> 00:23:19,700
know, when I was in college, 
like it was like the 2010's and 

401
00:23:19,800 --> 00:23:22,300
even in States who are we'd 
wasn't legal. 

402
00:23:22,600 --> 00:23:25,600
It was pretty common for like, 
you know, different artists and 

403
00:23:25,800 --> 00:23:29,200
Stuff, and, you know, from like 
Willie Nelson to, like, a 

404
00:23:29,200 --> 00:23:32,400
rapper, something to go up on 
stage and like, light up a joint

405
00:23:32,400 --> 00:23:35,400
and stuff like that. 
And I mean, for the most part, 

406
00:23:35,400 --> 00:23:37,700
they got away with it. 
Like, you know, occasionally 

407
00:23:37,700 --> 00:23:40,900
people got busted went to jail, 
but never for like, you know, 

408
00:23:40,900 --> 00:23:43,200
line up a, join our blunt on 
stage. 

409
00:23:43,200 --> 00:23:47,700
I my roommate, my freshman year,
went to Kid Cudi concert and get

410
00:23:47,700 --> 00:23:49,300
Cuddy. 
Did I like he had a video? 

411
00:23:49,300 --> 00:23:54,400
He was like, oh, so cool. 
And so that's yeah. 

412
00:23:54,400 --> 00:23:57,600
Like you say, they It doesn't 
matter what the state says. 

413
00:23:57,600 --> 00:24:01,000
And one thing that I always 
focus on when I think of 

414
00:24:01,200 --> 00:24:04,600
politics and, you know, when 
people reacted to Trump gaining 

415
00:24:04,600 --> 00:24:07,900
elected, I was like, you know, I
don't know how bad things are 

416
00:24:07,900 --> 00:24:11,300
going to because as Andrew, 
Breitbart pointed out, politics 

417
00:24:11,300 --> 00:24:15,700
are Downstream and culture. 
And so, you know, if you have 

418
00:24:15,700 --> 00:24:19,500
the culture moving against the 
president as hard as it was, 

419
00:24:20,100 --> 00:24:23,000
that's really gonna hurt what 
he's able to do, politically. 

420
00:24:24,300 --> 00:24:27,200
Of course, and one of the 
biggest like, one of the worst 

421
00:24:27,200 --> 00:24:31,100
things that a politician could 
do is pass a law that doesn't 

422
00:24:31,100 --> 00:24:34,900
get enforced or that people just
blatantly disrespect because 

423
00:24:34,900 --> 00:24:37,000
that's a real hit to their 
legitimacy. 

424
00:24:37,000 --> 00:24:40,200
People see. 
Oh, I guess we don't just 

425
00:24:40,200 --> 00:24:42,500
because they write it down. 
Doesn't mean we have to follow 

426
00:24:42,500 --> 00:24:44,300
it. 
I guess. 

427
00:24:44,300 --> 00:24:47,800
What else can we do that with? 
That's why Biden went from. 

428
00:24:48,000 --> 00:24:50,900
We're going to have a mask 
mandate my first hundred days to

429
00:24:51,100 --> 00:24:53,300
now, he's just asking people to 
do it. 

430
00:24:53,300 --> 00:24:56,800
Like, why? 
Just mandate it because if a lot

431
00:24:56,800 --> 00:25:00,400
of people are going to resist 
and that looks really bad to the

432
00:25:00,700 --> 00:25:05,000
Halo of legitimacy, that 
Williams actually has a really 

433
00:25:05,000 --> 00:25:09,500
good term for the legitimacy of 
the state, but we'll get onto 

434
00:25:09,500 --> 00:25:12,000
that. 
He cites the importance of the 

435
00:25:12,000 --> 00:25:16,300
Declaration of Independence, 
which you have to appreciate for

436
00:25:16,300 --> 00:25:22,300
the time of 1776. 
It's more intelligent than 99% 

437
00:25:22,300 --> 00:25:26,700
of people on TV today. 
Just imagine 200 something years

438
00:25:26,700 --> 00:25:29,300
ago. 
This is a brilliant document 

439
00:25:29,300 --> 00:25:33,500
that people seldom appreciate. 
So the fact that Williams was 

440
00:25:34,300 --> 00:25:37,700
willing to cite the Declaration 
of Independence when the 

441
00:25:37,700 --> 00:25:41,000
founders are just seen. 
As, you know, dumb racist, slave

442
00:25:41,000 --> 00:25:44,600
owners at this time, very 
unappreciative. 

443
00:25:44,600 --> 00:25:48,400
So that is another thing. 
He mentions the frequent 

444
00:25:48,400 --> 00:25:50,300
reference. 
To the fundamental principles, 

445
00:25:50,300 --> 00:25:53,600
is absolutely necessary to 
preserve the blessings of 

446
00:25:53,600 --> 00:25:55,700
liberty. 
So, same quoting, the 

447
00:25:55,700 --> 00:26:02,300
constitution of the state of 
North Carolina, so his case is 

448
00:26:02,300 --> 00:26:04,800
that, unless we're able to 
constantly, refer to the 

449
00:26:04,808 --> 00:26:06,400
principles. 
We're going to lose. 

450
00:26:06,600 --> 00:26:10,500
If we're always arguing on the 
terms of, you know, there was 

451
00:26:10,500 --> 00:26:13,100
the latest story about this or 
that person. 

452
00:26:13,100 --> 00:26:17,500
And now we're going to have a 
whole philosophy and Society, 

453
00:26:17,500 --> 00:26:20,700
based on one single anecdote. 
Okay? 

454
00:26:20,700 --> 00:26:23,500
Well, I have another competing, 
anecdote, then we're just 

455
00:26:23,500 --> 00:26:25,300
throwing stuff. 
Stories back and forth at each 

456
00:26:25,300 --> 00:26:28,600
other. 
He really gets at the heart of 

457
00:26:28,600 --> 00:26:31,900
what we need to preserve. 
The blessings of liberty is an 

458
00:26:31,900 --> 00:26:33,900
Unapologetic, appealed of 
principle. 

459
00:26:34,100 --> 00:26:38,800
Now, if we look at how Bernie 
Sanders and AOC have made so 

460
00:26:38,800 --> 00:26:42,500
much progress with the average 
person just openly calling them 

461
00:26:42,500 --> 00:26:45,400
self a socialist or Democratic 
Socialist. 

462
00:26:45,600 --> 00:26:50,900
We can see that these sort of 
talking points do sometimes 

463
00:26:50,900 --> 00:26:55,600
resonate with the large scale. 
Number of people. 

464
00:26:55,600 --> 00:26:59,100
So when they make the moral 
claim, you have a right to 

465
00:26:59,100 --> 00:27:01,900
healthcare. 
Well, we're making the claim at 

466
00:27:01,900 --> 00:27:05,100
least. 
I am that freedom requires you 

467
00:27:05,100 --> 00:27:09,000
having a right to not be 
aggressed against now, I don't 

468
00:27:09,000 --> 00:27:12,400
think it's too far off for us, 
to get that message out and get 

469
00:27:12,400 --> 00:27:16,200
it's widely recognized going to 
be a lot harder because, you 

470
00:27:16,200 --> 00:27:18,900
know, we don't have the state 
and professors and the media, 

471
00:27:18,900 --> 00:27:24,600
and the Cathedral on our side 
promoting me ideas, but Look at 

472
00:27:24,600 --> 00:27:28,200
how that just resonates with so 
many people and they buy it Hook

473
00:27:28,200 --> 00:27:32,200
Line & & Sinker. 
So I think Walter Williams 

474
00:27:32,200 --> 00:27:34,700
again, was ahead of his time. 
Even though this was and what 

475
00:27:34,700 --> 00:27:36,600
the 90s or something, this was 
written. 

476
00:27:36,600 --> 00:27:37,800
Did you see when this was 
written? 

477
00:27:38,300 --> 00:27:41,400
No, I didn't notice. 
I did want to add, you know, 

478
00:27:41,500 --> 00:27:45,800
people like AOC and I'm not sure
if Bernie signed on to this by 

479
00:27:45,800 --> 00:27:48,800
know some of the the more 
left-wing progressives have 

480
00:27:49,400 --> 00:27:53,300
talking about not only like 
having a right to health care 

481
00:27:53,300 --> 00:27:56,600
which It is one thing to say 
that we're going to give 

482
00:27:56,600 --> 00:27:59,500
everybody enough money for 
insurance or something like 

483
00:27:59,500 --> 00:28:02,000
that. 
But talking about Single Payer 

484
00:28:02,000 --> 00:28:04,900
in actually getting rid of 
Private health care and making 

485
00:28:04,900 --> 00:28:06,900
all Healthcare a part of the 
government. 

486
00:28:07,000 --> 00:28:09,700
And this is a parent, leave 
something that's pushed by 

487
00:28:10,400 --> 00:28:15,600
Biden's pick, for Secretary of 
Health and Human Services. 

488
00:28:16,000 --> 00:28:20,700
He's the current California 
attorney, general, and he's all 

489
00:28:20,700 --> 00:28:23,200
for Life, single-payer. 
And so, you know, when they're 

490
00:28:23,200 --> 00:28:25,500
talking about, Having a right to
Health Care. 

491
00:28:25,800 --> 00:28:29,100
Well, they mean you have a right
to the health care that we say 

492
00:28:29,100 --> 00:28:32,300
that you could have not you have
the right to help the healthcare

493
00:28:32,300 --> 00:28:37,500
that you choose to have exactly.
It's like don't you love that 

494
00:28:37,500 --> 00:28:39,600
today? 
We have free. 

495
00:28:39,800 --> 00:28:43,400
Universal guaranteed security 
because government offers us 

496
00:28:43,400 --> 00:28:44,700
free police. 
Right? 

497
00:28:45,300 --> 00:28:49,400
Well, the existence of them 
claiming to offer you something 

498
00:28:49,600 --> 00:28:52,200
does not render it immune to 
scarcity. 

499
00:28:52,300 --> 00:28:54,800
In other words. 
There's still the Looked of 

500
00:28:54,800 --> 00:28:57,000
Interest, you're not always 
going to get all the health care

501
00:28:57,000 --> 00:28:59,300
you want. 
It's just going to be decided by

502
00:28:59,300 --> 00:29:02,500
a different group, who doesn't 
even get your funds voluntarily.

503
00:29:02,700 --> 00:29:05,300
So they have no incentive to 
create a good product or 

504
00:29:05,300 --> 00:29:08,000
service. 
Well, yeah, but we the people 

505
00:29:08,000 --> 00:29:12,100
vote on this. 
You have no influence on what 

506
00:29:12,100 --> 00:29:16,900
goes on in the mass murder 
campaigns referred to as foreign

507
00:29:16,900 --> 00:29:20,100
policy. 
That's about has that's about as

508
00:29:20,100 --> 00:29:23,800
much as you're going to 
influence Health Care once. 

509
00:29:24,000 --> 00:29:26,000
The state monopolized, just, you
know, what? 

510
00:29:26,100 --> 00:29:29,600
Don't just focus on fixing 
Medicaid, because that's the 

511
00:29:29,600 --> 00:29:32,100
whole thing. 
There's there's two, there's two

512
00:29:32,100 --> 00:29:35,900
types of people, according to 
them in the 1960s, people who 

513
00:29:35,900 --> 00:29:38,400
can't afford it, who we don't 
need to worry about, and then 

514
00:29:38,400 --> 00:29:41,800
people who can't afford it, and 
that's where Medicaid comes in. 

515
00:29:42,000 --> 00:29:45,400
So, just work to reform that and
then once you realize that they 

516
00:29:45,400 --> 00:29:48,300
don't care and they won't listen
to you about reforming Medicaid.

517
00:29:48,300 --> 00:29:51,700
Well, then you'll realize we are
also write about them 

518
00:29:51,700 --> 00:29:53,900
monopolizing, the entire 
Healthcare System. 

519
00:29:54,600 --> 00:30:00,800
Now, saying that you have a 
right to something that requires

520
00:30:00,800 --> 00:30:05,000
labor on behalf of other, people
means you have a right to 

521
00:30:05,000 --> 00:30:08,400
someone else's labor. 
That is also slavery. 

522
00:30:08,500 --> 00:30:12,300
It's you saying another words. 
If you have a right to this 

523
00:30:12,300 --> 00:30:16,800
phone, the only way this thing 
comes about is by individuals 

524
00:30:16,800 --> 00:30:21,500
trading, investing saving 
postponing consumption thinking 

525
00:30:21,800 --> 00:30:24,900
innovating, and I don't know if 
I said, Investing. 

526
00:30:24,900 --> 00:30:27,900
So, in other words, it requires 
the labor of human beings. 

527
00:30:28,300 --> 00:30:31,900
If I am entitled to this and it 
only comes about as a causal 

528
00:30:31,900 --> 00:30:35,000
result of other people's labor. 
That's me saying, I'm entitled 

529
00:30:35,000 --> 00:30:38,300
to the labor of others. 
That means the only free people 

530
00:30:38,400 --> 00:30:42,400
that have really ever existed 
are slave owners Because, unless

531
00:30:42,400 --> 00:30:44,400
I have a right to someone else's
labor. 

532
00:30:44,700 --> 00:30:46,800
Well, then my rights are being 
violated. 

533
00:30:47,000 --> 00:30:50,400
Also, just take what Williams 
mentioned earlier that each 

534
00:30:50,400 --> 00:30:51,800
person. 
Owns, himself principle. 

535
00:30:52,500 --> 00:30:56,700
If you and I are Are hanging out
and we have a right to 

536
00:30:56,700 --> 00:30:58,900
healthcare. 
That means you have an 

537
00:30:58,900 --> 00:31:02,500
obligation to give me health 
care, but then you also have a, 

538
00:31:02,508 --> 00:31:04,200
right. 
So I have an obligation to give 

539
00:31:04,200 --> 00:31:07,400
you health care, even though 
none of us are experts in the 

540
00:31:07,400 --> 00:31:10,900
field are no anything else. 
So the way they will often 

541
00:31:10,900 --> 00:31:14,100
weasel out of this as well. 
All, we mean, is that government

542
00:31:14,100 --> 00:31:18,000
should pick up the tab? 
This is literally, as dumb as 

543
00:31:18,000 --> 00:31:24,100
saying I support food for all. 
Therefore, the coke. 

544
00:31:24,300 --> 00:31:27,700
Others have the right to steal 
trillions of dollars so long as 

545
00:31:27,700 --> 00:31:30,500
they help people get food. 
And I'm going to call that a 

546
00:31:30,500 --> 00:31:34,700
positive right to food, you 
know, giving a group a monopoly 

547
00:31:34,900 --> 00:31:38,600
over a scarce resource 
Healthcare food. 

548
00:31:38,600 --> 00:31:42,600
Security Internet does not 
increase access to the average 

549
00:31:42,600 --> 00:31:45,100
person. 
You think like all we had to do 

550
00:31:45,100 --> 00:31:49,300
in the year. 1400 was passed a 
law guaranteeing Healthcare. 

551
00:31:49,700 --> 00:31:51,900
That doesn't mean there's a 
Novation that doesn't mean 

552
00:31:51,900 --> 00:31:54,500
there's an increase in products 
or Us'. 

553
00:31:54,500 --> 00:32:00,700
So, yep, AOC is just ridiculous 
and she's just so, she's so 

554
00:32:00,700 --> 00:32:05,400
likable to the average person 
from what I see along with 

555
00:32:05,400 --> 00:32:07,200
Obama. 
Now getting loved again, with 

556
00:32:07,200 --> 00:32:12,200
his new book that it's difficult
to fight these people but 

557
00:32:12,500 --> 00:32:16,200
certainly with the videos of you
know, Walter Williams just being

558
00:32:16,200 --> 00:32:17,800
so cool. 
And so funny. 

559
00:32:19,200 --> 00:32:21,700
I think people like him are rug 
good competitors. 

560
00:32:21,700 --> 00:32:23,300
What do you think about that? 
Yeah. 

561
00:32:23,300 --> 00:32:27,100
No, I'm I guess one of the 
things I want to hit on there 

562
00:32:27,100 --> 00:32:29,600
was when you talk about, you 
know, having a right to 

563
00:32:29,600 --> 00:32:32,500
healthcare something like this, 
something that people do 

564
00:32:32,500 --> 00:32:36,000
immediately think about is, you 
know, you're then demanding in 

565
00:32:36,100 --> 00:32:38,700
basically construction, 
scripting the labor of the 

566
00:32:38,700 --> 00:32:40,600
doctors to give you that 
Healthcare. 

567
00:32:41,900 --> 00:32:45,900
Double bond out, who's a really 
good writer anti-war.com. 

568
00:32:45,900 --> 00:32:50,500
And from the Cato Institute was 
saying in a recent article that 

569
00:32:50,600 --> 00:32:56,300
when he was in Cuba last one of 
his Are some anesthesiologist 

570
00:32:56,300 --> 00:32:59,600
that you met was moved biting as
like a waiter busboy or 

571
00:32:59,600 --> 00:33:02,300
something. 
Because he, you know, you can't 

572
00:33:02,300 --> 00:33:05,400
make enough money being a doctor
to, you know, survive. 

573
00:33:05,400 --> 00:33:08,400
So you got to, like, do these 
like, kind of black market share

574
00:33:08,800 --> 00:33:11,300
is Schleich side gig kind of 
things, right? 

575
00:33:11,800 --> 00:33:14,200
So I thought that was like, 
pretty interesting. 

576
00:33:14,400 --> 00:33:17,300
And then also something that if 
you look at the Venezuelan says,

577
00:33:17,300 --> 00:33:20,400
I'm so let's say you get what 
AOC ones, which is Universal 

578
00:33:21,000 --> 00:33:23,200
Health Care and then free 
college, right? 

579
00:33:25,000 --> 00:33:29,400
If you do that, then you're 
going to like, basically give 

580
00:33:29,400 --> 00:33:32,500
the state, the control over the 
lives adopters. 

581
00:33:32,500 --> 00:33:36,200
And we've seen this in 
Venezuela, where our Cuba, where

582
00:33:36,200 --> 00:33:40,000
they sent their doctors like to 
Venezuela, and I don't think the

583
00:33:40,000 --> 00:33:41,700
doctors have a whole lot of 
choice of that. 

584
00:33:41,700 --> 00:33:45,700
And so, you know, I could see if
you move towards the system. 

585
00:33:46,000 --> 00:33:50,000
Let's say you have a situation 
situation like the coup going on

586
00:33:50,000 --> 00:33:53,700
in Ukraine under the Obama 
Administration, right? 

587
00:33:54,000 --> 00:33:57,700
Maybe you know, you're a doctor.
You get sent to Ukraine and you 

588
00:33:57,700 --> 00:33:59,400
guys like treat some of their 
light. 

589
00:33:59,400 --> 00:34:02,700
Neo-Nazi militia guys over there
were back in the cou or 

590
00:34:02,700 --> 00:34:05,600
something crazy like that. 
I mean, it sounds far-fetched. 

591
00:34:05,600 --> 00:34:08,300
But this is what your I think 
talking about when you're moving

592
00:34:08,300 --> 00:34:11,699
towards, you know, this level of
socialism and State control 

593
00:34:11,699 --> 00:34:15,000
over, you know, if you have the 
right to health care, right. 

594
00:34:15,100 --> 00:34:17,699
And there's a whole bunch of 
people who live in like, you 

595
00:34:17,699 --> 00:34:22,000
know, like a part of this city 
that no Doctors live in. 

596
00:34:22,300 --> 00:34:25,100
Well, then the state's gonna 
like, It made doctors go work in

597
00:34:25,100 --> 00:34:27,800
that hospital. 
If that's the only way, provide 

598
00:34:27,800 --> 00:34:29,600
the health care. 
Now, in the free market 

599
00:34:29,600 --> 00:34:32,600
situation, maybe, you know, 
they're there will be kind of 

600
00:34:32,600 --> 00:34:36,100
fundraising opportunities, are 
like philanthropy to try to like

601
00:34:36,100 --> 00:34:39,699
incentivize doctors to live and 
work in that area or something 

602
00:34:39,699 --> 00:34:41,699
like that. 
They certainly like Doctors 

603
00:34:41,699 --> 00:34:44,600
Without Borders will send you 
know, doctors all over the world

604
00:34:44,600 --> 00:34:46,699
who are willing to do it and go 
into those places. 

605
00:34:46,699 --> 00:34:50,300
But stake his scription is a 
different thing and I think 

606
00:34:50,300 --> 00:34:53,800
that's the dredge will move with
socializing health. 

607
00:34:54,000 --> 00:34:59,800
And all that stuff Alex, too. 
Yeah, the best book that I would

608
00:34:59,800 --> 00:35:02,700
recommend on. 
The reason that Health Care is. 

609
00:35:02,700 --> 00:35:06,900
So expensive is a book by dr. 
Mary J Reward Called Death by 

610
00:35:06,900 --> 00:35:09,900
regulation. 
She makes the case that there's 

611
00:35:09,900 --> 00:35:11,900
nothing really unique about 
Healthcare. 

612
00:35:12,100 --> 00:35:16,100
So another words, the reason, 
you know, printers have gone 

613
00:35:16,100 --> 00:35:21,100
from like this thing that only a
few people have to most everyone

614
00:35:21,100 --> 00:35:24,300
has access to a printer. 
Like either you have one or, you

615
00:35:24,300 --> 00:35:27,100
know, a guy who has won the 
reason they're much more. 

616
00:35:27,200 --> 00:35:30,700
Portable and readily accessible 
to the average person is because

617
00:35:30,700 --> 00:35:34,100
there is more of a free market. 
In those areas. 

618
00:35:34,100 --> 00:35:37,800
This allows for more Innovation,
more competition, more risk, 

619
00:35:37,800 --> 00:35:41,500
more investment, more of an 
incentive to meet widespread 

620
00:35:41,500 --> 00:35:43,900
consumer demand. 
So it's not just a printer thing

621
00:35:43,900 --> 00:35:48,500
applies with computers, and fans
and refrigerators and routers 

622
00:35:48,500 --> 00:35:51,000
and phones. 
I think the best example is the 

623
00:35:51,000 --> 00:35:54,100
television, especially, you 
know, for some people like our 

624
00:35:54,100 --> 00:35:58,600
age, right? 
Like I have to TVs in my, you 

625
00:35:58,600 --> 00:36:02,200
know, apartment right now that I
got for free people just gave to

626
00:36:02,200 --> 00:36:06,900
me that, you know, 15 years ago 
when I was a kid, I couldn't 

627
00:36:07,100 --> 00:36:12,100
imagine having something at that
nice like and you know, ten 

628
00:36:12,100 --> 00:36:14,500
years later, they were like 
worthless. 

629
00:36:14,900 --> 00:36:17,600
And so that's like the kind of 
quick advancement. 

630
00:36:17,600 --> 00:36:19,900
You get when you have a free 
market. 

631
00:36:20,800 --> 00:36:24,200
Certainly, and you know, DVD 
players have gone from this 

632
00:36:24,200 --> 00:36:27,500
amazing thing that you could 
save up to afford and now 

633
00:36:27,500 --> 00:36:32,000
there's 50 DVD players at every 
Goodwill that they have to wipe 

634
00:36:32,000 --> 00:36:35,300
the dust off of because people 
now we even have better options.

635
00:36:35,500 --> 00:36:41,500
So we have stifled so much 
Innovation because of the Food 

636
00:36:41,500 --> 00:36:45,700
and Drug Administration 
regulations that have started to

637
00:36:45,900 --> 00:36:52,900
heavily exceed since the year 
nineteen. 62 is what ruark goes 

638
00:36:52,900 --> 00:36:56,600
into but yeah that that is the 
book that will really give you 

639
00:36:56,600 --> 00:37:02,700
concrete examples as to why a 
third-party, the state violently

640
00:37:02,700 --> 00:37:04,400
intervening in. 
What would otherwise be 

641
00:37:04,400 --> 00:37:07,600
voluntary. 
Arrangements between parties is 

642
00:37:07,600 --> 00:37:13,800
what lowers our access to Goods 
products and services, and 

643
00:37:13,800 --> 00:37:17,700
raises the price and make some 
so us, so difficult, Walter 

644
00:37:17,700 --> 00:37:21,800
Williams talks about Can we hear
them one more thing in there 

645
00:37:21,800 --> 00:37:23,200
real quick? 
Just because I think it's so 

646
00:37:23,200 --> 00:37:26,600
important which is like the 
right to try laws. 

647
00:37:26,600 --> 00:37:29,300
That have been passed in recent 
years, which I think if we go 

648
00:37:29,300 --> 00:37:33,200
down the road to really have 
allies in health is socializing 

649
00:37:33,200 --> 00:37:36,400
Healthcare, you won't have 
anymore where, you know, for a 

650
00:37:36,400 --> 00:37:38,900
long time. 
It was only the drugs, the FDA 

651
00:37:38,900 --> 00:37:42,000
said that you could use and had 
approved you can actually take 

652
00:37:42,200 --> 00:37:43,700
and then they start passing 
laws. 

653
00:37:43,700 --> 00:37:46,600
I said, well if you're going to 
die, you could take whatever you

654
00:37:46,600 --> 00:37:49,800
want in. 
There are some more restrictions

655
00:37:49,800 --> 00:37:52,200
on but they have opened it up 
quite a bit. 

656
00:37:52,700 --> 00:37:56,100
But you know, if we move even 
more towards socialized 

657
00:37:56,100 --> 00:38:00,500
Healthcare and you know, 
eventually it will socialize the

658
00:38:00,600 --> 00:38:03,000
drug companies and everything 
like that as well. 

659
00:38:03,300 --> 00:38:06,300
I mean, they certainly talk 
about that and Drug pricing is a

660
00:38:06,300 --> 00:38:08,400
huge thing. 
We talk about Medicare and all 

661
00:38:08,400 --> 00:38:11,000
that and those certainly massive
subsidies. 

662
00:38:11,000 --> 00:38:13,300
I'm sure really control what 
happens in the drug Market. 

663
00:38:13,300 --> 00:38:17,100
Anyways, but your guy have even 
less choice because of the 

664
00:38:17,100 --> 00:38:19,500
government at the FDA doesn't 
think it's a good idea. 

665
00:38:20,300 --> 00:38:23,700
It's just not going to get 
funding and it's not even going 

666
00:38:23,700 --> 00:38:26,800
to exist at least with some kind
of free market, you know. 

667
00:38:26,800 --> 00:38:29,800
You and even with the 
restrictions we have at least if

668
00:38:29,800 --> 00:38:33,800
you're dying you have right to 
try something, but you know, I 

669
00:38:33,800 --> 00:38:36,600
think those drug options just 
won't existence. 

670
00:38:36,600 --> 00:38:39,800
So, you know, again, you know, 
they talk about free healthcare.

671
00:38:39,800 --> 00:38:43,400
Well, you know, but you don't 
have any freedom within that 

672
00:38:43,400 --> 00:38:49,000
health care either. 
Exactly exactly Williams talks 

673
00:38:49,000 --> 00:38:52,200
about there. 
Being a number of things that 

674
00:38:52,300 --> 00:38:56,300
people can do outside of, you 
know, lobbying to Congress for 

675
00:38:56,300 --> 00:39:00,800
laws ideas, that people can 
Embrace to have an Institutional

676
00:39:00,800 --> 00:39:02,900
framework of freedom and 
Society. 

677
00:39:02,900 --> 00:39:08,800
He says values such as Thrift 
hard work, honesty, trust and 

678
00:39:08,800 --> 00:39:11,600
Cooperative Behavior based on 
shared Norms. 

679
00:39:11,700 --> 00:39:15,300
Are the keys to improving The 
Human Condition and provide the 

680
00:39:15,800 --> 00:39:18,800
Under grinding for a free market
economy. 

681
00:39:18,900 --> 00:39:22,400
Just as important are such 
social institutions, as respect 

682
00:39:22,400 --> 00:39:25,800
for private property sanctity of
contracts, educational 

683
00:39:25,800 --> 00:39:28,800
institutions, clubs Charities, 
churches and families. 

684
00:39:29,100 --> 00:39:33,400
So as opposed to you know, what 
we often hear is the way we're 

685
00:39:33,400 --> 00:39:35,100
going to fix. 
This is we're going to pass a 

686
00:39:35,100 --> 00:39:38,600
law that says a b and c. 
Well, even if you happen to 

687
00:39:38,600 --> 00:39:41,300
choose the wording of the law, 
you don't get to choose how it's

688
00:39:41,300 --> 00:39:44,600
enforced, or how the judges, see
it, or if it's enforced at all. 

689
00:39:44,900 --> 00:39:51,100
So, The fact that he was able to
get into the actual ideas of 

690
00:39:51,500 --> 00:39:55,200
what makes societies free and 
prosperous as opposed to the you

691
00:39:55,200 --> 00:40:01,100
know, dumb immediate thinking of
we must sign HR 9 63 in ordered.

692
00:40:01,100 --> 00:40:02,800
Its that's a joke. 
No one reads it. 

693
00:40:02,808 --> 00:40:05,600
No one knows what it is. 
These are the real things that 

694
00:40:05,600 --> 00:40:08,600
separate, you know civilization 
from barbarism. 

695
00:40:09,900 --> 00:40:13,300
Right. 
Yep, and I mean, I feel like the

696
00:40:13,300 --> 00:40:16,000
government especially now has 
very selective of how they 

697
00:40:16,000 --> 00:40:19,700
enforce laws and who they 
enforce them on, especially 

698
00:40:19,700 --> 00:40:22,100
with, you know, laws that are 
meant to like, regulate 

699
00:40:22,100 --> 00:40:23,600
government and government 
officials. 

700
00:40:24,900 --> 00:40:28,300
Exactly. 
He says the rules considered and

701
00:40:28,300 --> 00:40:31,500
what David Hume called, the 
stability of possessions. 

702
00:40:31,700 --> 00:40:35,500
So if you think that something's
going to get, you know, torn 

703
00:40:35,500 --> 00:40:38,600
down within a week or they're 
going to lock down your 

704
00:40:38,600 --> 00:40:41,600
business. 
Legal Fiat, you're much less 

705
00:40:41,600 --> 00:40:45,100
likely to spend time, innovating
and investing in something. 

706
00:40:45,300 --> 00:40:47,500
When you don't have the 
stability of possessions 

707
00:40:47,600 --> 00:40:51,000
transference by consent. 
Another words, construction 

708
00:40:51,000 --> 00:40:54,000
workers, don't want 50 
buildings. 

709
00:40:54,200 --> 00:40:57,500
What they want is to build a 
building get money for it and 

710
00:40:57,500 --> 00:40:59,800
then spend the money on other 
things that they like in the 

711
00:40:59,800 --> 00:41:03,000
division of labor and the 
keeping of promises. 

712
00:41:03,000 --> 00:41:05,900
This is also vital. 
If you can't trust people, it's 

713
00:41:05,900 --> 00:41:11,100
extremely difficult to have any 
sort of, you know, Reliable way 

714
00:41:11,100 --> 00:41:15,200
to achieve your ends in society,
but you know needing people to 

715
00:41:15,200 --> 00:41:18,800
keep their promises does not 
justify a state or certainly 

716
00:41:18,800 --> 00:41:24,100
interventionist State at all. 
Yeah, actually, I want to hit on

717
00:41:24,100 --> 00:41:27,300
one-in-three there because I 
thought they were really 

718
00:41:27,300 --> 00:41:29,900
interesting. 
When you to think about us 

719
00:41:29,900 --> 00:41:34,500
sanctions, especially on 
countries like Iran and Cuba who

720
00:41:34,700 --> 00:41:37,600
had like a little bit of 
sanctions relief under the Obama

721
00:41:37,600 --> 00:41:41,100
Administration. 
Well, once It happened like all 

722
00:41:41,100 --> 00:41:45,200
the entrepreneurs in these, you 
know, countries where, you know,

723
00:41:45,300 --> 00:41:49,200
opening up new businesses that 
were appealing to American 

724
00:41:49,200 --> 00:41:53,300
Tourist in Cuba or in Iran. 
They were looking to like expand

725
00:41:53,300 --> 00:41:56,200
Factory output to do more 
business with Germany. 

726
00:41:56,600 --> 00:42:00,900
And, you know, the the people 
who were like really excited and

727
00:42:00,900 --> 00:42:03,300
seemed to be, you know, really 
entrepreneurs, who want to 

728
00:42:03,300 --> 00:42:07,000
connect with people from the 
West like got on board right 

729
00:42:07,000 --> 00:42:08,600
away. 
Want to be the first person in 

730
00:42:08,600 --> 00:42:10,700
the door. 
Well, Then Trump gets elected. 

731
00:42:10,700 --> 00:42:13,200
It comes in and sanctions 
everything. 

732
00:42:13,200 --> 00:42:16,900
So all those people I mean at 
best the contracts were 

733
00:42:16,900 --> 00:42:20,700
destroyed and all the like the 
the time that they had invested 

734
00:42:20,700 --> 00:42:23,700
in their businesses were was 
completely wasted. 

735
00:42:23,800 --> 00:42:28,300
If not, you know people who in 
Cuba may be opened up like a new

736
00:42:28,300 --> 00:42:30,200
business. 
The appealing to American 

737
00:42:30,200 --> 00:42:33,200
tourists coming in and you know,
it's in the right port and 

738
00:42:33,200 --> 00:42:35,900
everything like that. 
Well, the American Stock company

739
00:42:35,900 --> 00:42:40,400
that goes out of business. 
And now this is the guy who You 

740
00:42:40,400 --> 00:42:44,200
know, in a long time, communist 
country was the most 

741
00:42:44,200 --> 00:42:47,800
entrepreneurial and was the one 
that like what first went out 

742
00:42:47,800 --> 00:42:51,000
there to try to like, you know, 
exploit the opportunities given 

743
00:42:51,000 --> 00:42:54,300
to them and it wrecked his life 
probably. 

744
00:42:54,300 --> 00:42:56,500
Right? 
And so, you know, what kind of 

745
00:42:56,500 --> 00:42:59,300
example does that set for the 
rest of that society? 

746
00:42:59,300 --> 00:43:02,500
And, you know, even if like 
biting comes in to lift the 

747
00:43:02,500 --> 00:43:05,500
sanctions on, you know, these 
countries are starts to remove 

748
00:43:05,500 --> 00:43:07,800
some of Trumps restrictions on 
Cuba like the travel 

749
00:43:07,800 --> 00:43:09,500
restrictions. 
Are you? 

750
00:43:09,600 --> 00:43:12,100
To go back out and open up the 
business if it could change in a

751
00:43:12,100 --> 00:43:14,600
couple years. 
I don't know that. 

752
00:43:14,600 --> 00:43:18,500
You know, and so the these 
things are hugely important and 

753
00:43:18,500 --> 00:43:21,300
you know, think about just here 
but also how it impacts with 

754
00:43:21,300 --> 00:43:23,000
foreign policy and sanctions and
stuff. 

755
00:43:24,400 --> 00:43:29,100
Exactly. 
He actually uses some real world

756
00:43:29,200 --> 00:43:32,200
examples, using free more free 
market examples. 

757
00:43:32,500 --> 00:43:36,100
He uses the US Canada, 
Australia, Hong, Kong, Japan, 

758
00:43:36,100 --> 00:43:39,000
and Taiwan now Japan's an 
interesting example, because 

759
00:43:39,800 --> 00:43:43,100
Japan and was it Taiwan? 
I've no I think it was South 

760
00:43:43,100 --> 00:43:46,100
Korea. 
So it was Japan was like the 

761
00:43:46,100 --> 00:43:49,200
home of sweatshops, you know, in
the 50s or something. 

762
00:43:49,200 --> 00:43:51,000
This all. 
According to the work of 

763
00:43:51,000 --> 00:43:54,300
professor at Southern 
California, Matt. 

764
00:43:54,300 --> 00:43:58,200
Jelinski, I forget where it 
works, but he talks about the 

765
00:43:58,200 --> 00:44:00,300
history of sweatshops starting 
in Japan. 

766
00:44:00,700 --> 00:44:04,800
And then they, the companies, 
what they did in their own 

767
00:44:04,800 --> 00:44:06,800
interest, by the way. 
Not because, you know, they're 

768
00:44:06,800 --> 00:44:11,000
humanitarians. 
They Educated the people there. 

769
00:44:11,000 --> 00:44:13,600
So they could have more 
productive workers and a more 

770
00:44:13,600 --> 00:44:16,200
productive Factory so they could
sell them more people so they 

771
00:44:16,200 --> 00:44:19,000
could make more money. 
So again, we see this. 

772
00:44:19,000 --> 00:44:26,100
This harmonious attempt to have 
the individual interest and 

773
00:44:26,100 --> 00:44:29,400
societal interest are are not in
Conflict, but they are 

774
00:44:29,400 --> 00:44:32,300
harmonious. 
Something else that Walter 

775
00:44:32,300 --> 00:44:35,000
Williams brought up. 
He said, why is it that Idaho 

776
00:44:35,000 --> 00:44:38,300
that people in Idaho are up in 
the middle of the night? 

777
00:44:38,300 --> 00:44:42,400
Making sure there's Patos for 
people to have in New York 

778
00:44:42,400 --> 00:44:44,100
because I love New Yorkers so 
much. 

779
00:44:44,200 --> 00:44:48,300
No, it's because it's sort of, 
in their incentive to do so, or 

780
00:44:48,300 --> 00:44:51,600
people in Montana work, so they 
could ship stuff to New York. 

781
00:44:51,600 --> 00:44:53,700
What? 
Why are they so nice? 

782
00:44:53,900 --> 00:44:56,600
How does this happen? 
And it's well, because of free 

783
00:44:56,600 --> 00:45:00,300
markets, voluntary exchange, and
freedom of Association. 

784
00:45:00,600 --> 00:45:04,700
So, in the case of Japan, it 
started off poor and then slowly

785
00:45:04,700 --> 00:45:07,100
got wealthy. 
So then the Sweatshop moved to 

786
00:45:07,100 --> 00:45:09,300
South Korea, which were very 
poor. 

787
00:45:09,600 --> 00:45:12,400
And thank God. 
You didn't just have some labor 

788
00:45:12,400 --> 00:45:16,300
regulation that outlawed being 
able to work there or a bunch of

789
00:45:16,300 --> 00:45:19,500
idiots, boycotting it. 
So they go from small wages to 

790
00:45:19,500 --> 00:45:23,000
no wages, and now they never get
any experience in place. 

791
00:45:23,000 --> 00:45:25,800
Never becomes a civilization 
that well. 

792
00:45:25,800 --> 00:45:31,200
I mean Hong Kong is a place that
we almost Envy now, so we 

793
00:45:31,200 --> 00:45:35,100
constantly see free markets 
going to a place and it just 

794
00:45:35,100 --> 00:45:39,400
being like a wealth bomb where 
you go from virtually nothing 

795
00:45:39,400 --> 00:45:41,600
sir. 
Assistance levels to General 

796
00:45:41,600 --> 00:45:46,100
levels of civilization, at least
a framework where people can 

797
00:45:46,100 --> 00:45:50,900
have opportunities to have 
families achieve their dreams, 

798
00:45:51,000 --> 00:45:54,800
get access to the outside world,
with computers access to 

799
00:45:54,800 --> 00:45:58,500
servers, internet connections, 
cables, and ethernet, cords 

800
00:45:58,500 --> 00:46:00,800
alone. 
Shipping those two places gives 

801
00:46:00,800 --> 00:46:05,900
people access to ideas thoughts,
and, you know, poems and 

802
00:46:05,900 --> 00:46:09,700
literature that they never would
have had access to otherwise He 

803
00:46:09,700 --> 00:46:16,200
says, these are examples are far
richer and have greater human 

804
00:46:16,200 --> 00:46:19,100
rights protections than people 
in countries with limited free 

805
00:46:19,100 --> 00:46:22,400
markets, such as Russia, Albania
China, and every other country 

806
00:46:22,400 --> 00:46:25,800
in Africa, of course, I think 
Russia moved a little more free 

807
00:46:25,800 --> 00:46:28,700
market since he went there, but 
they're going back because 

808
00:46:28,700 --> 00:46:31,100
Putin's been bashing. 
Individualism. 

809
00:46:31,100 --> 00:46:35,200
It's amazing. 
You advocate for you Advocate 

810
00:46:35,200 --> 00:46:38,600
freedom, and that's greedy. 
You Advocate the state violently

811
00:46:38,600 --> 00:46:42,100
dominating other Well, and 
that's like that's like the cool

812
00:46:42,100 --> 00:46:45,600
hip thing to do. 
Well, I do just some to point 

813
00:46:45,600 --> 00:46:49,600
out in this isn't like me trying
to justify Putin's policy 

814
00:46:49,600 --> 00:46:52,400
because he has your move to I 
think nationalized more but one 

815
00:46:52,400 --> 00:46:56,200
of the things that he has used 
as an excuse to do that is to 

816
00:46:56,200 --> 00:46:59,500
point out American sanctions and
say that look what happens 

817
00:47:00,000 --> 00:47:04,400
because sometimes sanctions went
on Russia and like they I think 

818
00:47:04,400 --> 00:47:06,800
at one point targeted, the 
cheese industry or something 

819
00:47:06,800 --> 00:47:09,400
like that and so it hurt, you 
know, Russia and sewer rats. 

820
00:47:09,500 --> 00:47:12,100
Sporting cheese or whatever else
they were at supporting to 

821
00:47:12,100 --> 00:47:14,900
Europe. 
And now they're trying to 

822
00:47:14,900 --> 00:47:19,100
sanction like Russia as the the 
pipeline that's going to bring 

823
00:47:19,100 --> 00:47:21,100
natural gas from our sharing to 
Germany. 

824
00:47:21,500 --> 00:47:26,000
And anyways, he, you know, Putin
will make the point that. 

825
00:47:26,000 --> 00:47:29,000
Well, it's because of these 
sanctions that we have to have 

826
00:47:29,000 --> 00:47:32,600
more nationalism and more 
planned economy because we had 

827
00:47:32,600 --> 00:47:37,000
to be able to, you know, do more
substance here at home and for 

828
00:47:37,000 --> 00:47:39,400
exporting too much or whatever 
then that's going to push. 

829
00:47:39,600 --> 00:47:41,500
At risk. 
I believe that's the same thing 

830
00:47:41,500 --> 00:47:43,600
to some. 
It says happened in Iran to 

831
00:47:43,800 --> 00:47:46,400
where the government has taken 
over like more, the the 

832
00:47:46,400 --> 00:47:50,500
pharmaceutical industry, because
st. 

833
00:47:50,500 --> 00:47:53,600
James have rat, the the supply 
chain there. 

834
00:47:53,600 --> 00:47:56,900
So that's not necessarily saying
that the countries are right to 

835
00:47:56,900 --> 00:47:58,800
do that. 
It's going to hurt them more, 

836
00:47:59,300 --> 00:48:04,300
but it's the US imperialism. 
That's at least to some extent, 

837
00:48:04,600 --> 00:48:06,500
giving the cover for the leaders
to do it. 

838
00:48:07,400 --> 00:48:10,000
Correct. 
Both foreign and domestic 

839
00:48:10,200 --> 00:48:14,000
regulation is immoral 
unjustified and totally 

840
00:48:14,200 --> 00:48:18,400
uneconomic Walter. 
Then it's amazing that we're in 

841
00:48:18,400 --> 00:48:22,200
like the third page of this. 
And he's already getting so 

842
00:48:22,200 --> 00:48:26,100
much. 
He gets into the idea of, you 

843
00:48:26,100 --> 00:48:29,300
know, why some countries are 
wealthy and some are poor in 

844
00:48:29,300 --> 00:48:33,100
reference to, you know, the 
Canada Hong Kong Australia. 

845
00:48:33,800 --> 00:48:36,900
He actually mentions Australia 
and New Zealand again. 

846
00:48:37,200 --> 00:48:41,900
So many people say things like 
natural resource endowment is a 

847
00:48:41,900 --> 00:48:44,700
reason a country as wealthy 
because of the natural resources

848
00:48:45,000 --> 00:48:47,900
not the case. 
In fact, you have places like 

849
00:48:47,900 --> 00:48:50,300
what is he site? 
He cites the Soviet Union 

850
00:48:50,400 --> 00:48:54,500
Africa, and South America. 
So two continents and a huge 

851
00:48:54,500 --> 00:48:57,000
country. 
Have a lot of resources. 

852
00:48:57,000 --> 00:49:00,400
That doesn't make you wealthy. 
If you don't have the ideas of 

853
00:49:00,400 --> 00:49:04,300
how to find the resources and 
create them into things that 

854
00:49:04,300 --> 00:49:06,400
people value and improve their 
lives. 

855
00:49:06,700 --> 00:49:11,400
Well then, You're just sitting 
on a ton of, you know, resources

856
00:49:11,400 --> 00:49:16,200
that are not really yielding, 
anything positive for the 

857
00:49:16,200 --> 00:49:18,900
populace. 
He then refused to the nonsense.

858
00:49:19,100 --> 00:49:22,500
That colonialism is what makes a
country wealthy. 

859
00:49:22,800 --> 00:49:26,800
You've had wealth resource, 
wealth and colonialism. 

860
00:49:26,800 --> 00:49:30,500
Since like the days of, I don't 
know, ancient Sumeria and ganga 

861
00:49:30,500 --> 00:49:34,000
skon that doesn't make you 
wealthy. 

862
00:49:34,000 --> 00:49:37,100
And then the, the funniest one 
is where they say slavery makes.

863
00:49:37,100 --> 00:49:41,200
Wealthy in America alone. 
We became much wealthier after 

864
00:49:41,200 --> 00:49:46,000
the abolition of chattel slavery
and slavery had existed since 

865
00:49:46,000 --> 00:49:48,000
the toward in the research. 
I've done. 

866
00:49:48,000 --> 00:49:53,500
So, like 3100, BC is a was when 
there were slaves in Mesopotamia

867
00:49:53,500 --> 00:49:55,400
and it was written in the legal 
code. 

868
00:49:55,400 --> 00:49:59,100
So he refutes natural resource 
endowment colonialism. 

869
00:49:59,100 --> 00:50:02,300
He says, the world's richest 
countries, the United States, a 

870
00:50:02,300 --> 00:50:06,100
former Colony Canada Colony. 
Australia, was a colony New 

871
00:50:06,100 --> 00:50:09,100
Zealand was a colony. 
Any Hong Kong remains a colony, 

872
00:50:09,400 --> 00:50:13,000
so that does not explain. 
He says, the sources of wealth 

873
00:50:13,000 --> 00:50:15,900
are the values and traditions 
that produce the rules of 

874
00:50:15,900 --> 00:50:18,200
several property. 
So in other words, the 

875
00:50:18,200 --> 00:50:22,300
institutionalized recognition of
property rights allows people to

876
00:50:22,300 --> 00:50:26,500
recognize they own themselves 
and they can make change 

877
00:50:26,500 --> 00:50:30,500
exchanges with other people who 
they also see, as people who own

878
00:50:30,500 --> 00:50:32,500
themselves. 
I don't own any one else. 

879
00:50:32,500 --> 00:50:35,800
So I have to create something of
value in order to improve my 

880
00:50:35,800 --> 00:50:39,300
current condition. 
Is where we get wealth from, 

881
00:50:39,900 --> 00:50:41,800
right? 
Well, I mean, a couple things 

882
00:50:41,800 --> 00:50:44,100
that, you know, I think to point
out there. 

883
00:50:44,100 --> 00:50:47,400
I'm assuming he's not saying 
that, you know, a country, 

884
00:50:47,400 --> 00:50:50,100
couldn't have been impoverished 
by being colonized. 

885
00:50:50,100 --> 00:50:53,100
I'm sure like, there are 
examples where like they did go 

886
00:50:53,100 --> 00:50:56,400
in and just write everything and
leave in or you know, kill a 

887
00:50:56,408 --> 00:50:59,700
certain group of people go in 
and put a certain group of 

888
00:50:59,700 --> 00:51:02,100
people in charge that, you know,
where minority groups. 

889
00:51:02,100 --> 00:51:04,900
Like all these things happen 
that like somewhat impoverished 

890
00:51:04,900 --> 00:51:07,800
just because I know, I have 
listeners, who will Who made the

891
00:51:07,800 --> 00:51:09,200
point. 
They'll think of like one 

892
00:51:09,200 --> 00:51:11,200
example, would be like, oh no, 
this time. 

893
00:51:11,200 --> 00:51:13,600
It was and so I don't think 
that's the point. 

894
00:51:13,600 --> 00:51:15,500
I'm just saying that. 
I think he's saying that that's 

895
00:51:15,500 --> 00:51:19,400
not the ultimate factor, is the 
colonialism or not. 

896
00:51:19,500 --> 00:51:23,500
And then the other point least 
with the US and I'm sure it's 

897
00:51:23,500 --> 00:51:27,500
the case in a lot of these 
countries where I mean, it only 

898
00:51:27,500 --> 00:51:31,100
really increases the wealth of 
the elite few, who get a benefit

899
00:51:31,100 --> 00:51:33,700
off of the colonialism. 
I mean, if you were like a 

900
00:51:33,700 --> 00:51:37,700
British regular, did getting 
sent to the American, Festival 

901
00:51:37,700 --> 00:51:42,100
to fight us like did that 
Umbridge your life, you know, I 

902
00:51:42,100 --> 00:51:45,300
need to take in that musket ball
in the knee and then, you know 

903
00:51:45,300 --> 00:51:48,500
getting your leg chopped off 
only to have the SEPTA set in 

904
00:51:48,500 --> 00:51:51,900
anyways and slowly die, you 
know, thousands of miles from 

905
00:51:51,900 --> 00:51:54,600
your family. 
Like did you did Du Clos 

906
00:51:54,600 --> 00:51:57,800
nihilism help, you know, did it 
help the king? 

907
00:51:57,800 --> 00:52:01,500
Yeah, and so you don't know, it 
does, it does it benefit the 

908
00:52:01,500 --> 00:52:03,900
soldiers? 
You know, who go to Afghanistan?

909
00:52:04,400 --> 00:52:06,500
Really? 
Does it benefit the, the board 

910
00:52:06,500 --> 00:52:09,900
members of Lockheed Martin and 
Raytheon and the president. 

911
00:52:09,900 --> 00:52:12,500
And the people at like West 
said, his acts and all these 

912
00:52:12,500 --> 00:52:15,500
think tanks. 
Yeah, but it doesn't help me or 

913
00:52:15,500 --> 00:52:21,500
you or anybody I know. 
Again, it's the benefit of the 

914
00:52:21,500 --> 00:52:25,300
few at the expense of the many 
of people wanted to. 

915
00:52:25,300 --> 00:52:28,200
If people really got in this 
case. 

916
00:52:28,200 --> 00:52:30,500
You wouldn't call it a product 
or service, you would call it 

917
00:52:30,600 --> 00:52:35,100
psychological utility of, you 
know, whenever I fund this 

918
00:52:35,100 --> 00:52:37,400
organization. 
I feel better as a result of it.

919
00:52:37,900 --> 00:52:41,100
That's a voluntary trade, where 
people are making a market 

920
00:52:41,100 --> 00:52:44,800
interaction and increasing their
social utility as they see fit 

921
00:52:45,000 --> 00:52:48,300
with, you know, examples of the 
East India Company and Where 

922
00:52:48,300 --> 00:52:49,800
else? 
You don't have the right to 

923
00:52:50,200 --> 00:52:53,700
that. 
So it is literally some some 

924
00:52:53,700 --> 00:52:57,200
benefiting at the expense of 
others. 

925
00:52:57,300 --> 00:53:01,500
And that's why colonialism and, 
and things like that are totally

926
00:53:01,800 --> 00:53:07,000
on Justified for the same 
reason, you know, Russia doesn't

927
00:53:07,000 --> 00:53:10,200
have the right to invade us or, 
or you could use the example of 

928
00:53:10,200 --> 00:53:11,800
Syria. 
Like, is it? 

929
00:53:11,800 --> 00:53:18,000
Okay, if someone invades America
sanctions it and kills bill. 

930
00:53:18,300 --> 00:53:22,900
Didn't because he used gas 
against his own people in Waco 

931
00:53:22,900 --> 00:53:26,700
Texas. 
He UCS guess to start a fire and

932
00:53:26,800 --> 00:53:29,500
kill everyone inside because 
they resisted the state, that's 

933
00:53:29,500 --> 00:53:33,100
better than the mask than the 
mask mandate being refused 

934
00:53:33,100 --> 00:53:36,900
actually resisting them. 
And the general answer is no 

935
00:53:36,900 --> 00:53:39,900
because you can automatically 
see one group of people 

936
00:53:39,900 --> 00:53:41,700
initiating violence against 
another. 

937
00:53:42,000 --> 00:53:44,900
Well, just take that principle 
and hold it consistently against

938
00:53:44,900 --> 00:53:47,900
your own government. 
So even though the Assad story, 

939
00:53:48,200 --> 00:53:52,400
Is definitely fake. 
I think I think mattes was asked

940
00:53:52,400 --> 00:53:54,400
what evidence is there? 
And he says, well at the time we

941
00:53:54,400 --> 00:53:57,200
don't have any evidence guys, 
like Aaron maté have done. 

942
00:53:57,200 --> 00:53:59,300
Excellent. 
Work on how the Assad gassing 

943
00:53:59,300 --> 00:54:04,800
his own people story is also 
fake, but we'll just just and 

944
00:54:04,900 --> 00:54:07,400
again, we're not getting caught 
up in the story. 

945
00:54:07,400 --> 00:54:10,400
If you go down to the principle 
and apply it, consistently, you 

946
00:54:10,400 --> 00:54:12,600
can see there's no justification
for any of this. 

947
00:54:13,100 --> 00:54:14,200
Yeah. 
I just wanted to add. 

948
00:54:14,200 --> 00:54:17,200
There's a great, new are mate. 
Peace out today at the gray 

949
00:54:17,200 --> 00:54:20,000
Zone. 
With morally documents from the 

950
00:54:20,000 --> 00:54:25,800
opcw showing, an errand puts 
together, the narrative on how 

951
00:54:25,800 --> 00:54:34,200
the opcw actually like basically
slow walk to the report on Duma 

952
00:54:34,400 --> 00:54:39,700
the the alleged chemical weapons
attack there until the inspector

953
00:54:39,700 --> 00:54:44,100
who was like the main inspector 
who actually went to Duma and 

954
00:54:44,100 --> 00:54:46,800
who was saying that this wasn't 
a chemical weapons attack. 

955
00:54:47,200 --> 00:54:49,300
They put them on. 
Reinforced in sweets until he 

956
00:54:49,308 --> 00:54:53,100
retired and then they publish 
the report after he was gone. 

957
00:54:53,400 --> 00:54:56,700
And so this is like the kind of 
shenanigans that went on a long 

958
00:54:56,700 --> 00:54:59,500
that now I'll get into more 
details on the net show, but 

959
00:54:59,900 --> 00:55:02,700
that came out this morning. 
It was such a huge story. 

960
00:55:03,100 --> 00:55:05,900
Maybe we should just hit on like
one more Point here before I 

961
00:55:05,900 --> 00:55:09,300
wrap because we're coming up to 
an hour, but I know that we're 

962
00:55:09,300 --> 00:55:12,600
only a few pages into this great
document that I will link to in 

963
00:55:12,600 --> 00:55:14,800
the show notes page, that way 
people who aren't read the whole

964
00:55:14,800 --> 00:55:19,300
thing can Exactly get. 
And this is another perfect 

965
00:55:19,300 --> 00:55:22,900
example of why you have to take 
the Walter Williams approach to 

966
00:55:23,200 --> 00:55:27,000
arguing on principle. 
Because it takes so long to find

967
00:55:27,000 --> 00:55:29,700
out the truth about a story and 
then you finally find out. 

968
00:55:29,700 --> 00:55:32,700
It's a lie, and then the idiot 
populace has moved on to 

969
00:55:32,707 --> 00:55:35,800
something else. 
Hey, remember the Kurds that are

970
00:55:35,800 --> 00:55:37,800
getting slaughtered and 
discriminately. 

971
00:55:38,000 --> 00:55:40,800
Yep. 
No, but we haven't heard a word 

972
00:55:40,800 --> 00:55:45,000
about the Kurds since we heard 
about them with a fake ABC 

973
00:55:45,000 --> 00:55:46,900
video. 
Look, the Kurds are getting 

974
00:55:46,900 --> 00:55:49,900
murdered. 
No, it's a shooting gun range 

975
00:55:49,900 --> 00:55:52,400
video from Kentucky. 
That was made that up. 

976
00:55:52,600 --> 00:55:55,100
Or did you did you see Ben, a 
Alle bad? 

977
00:55:55,700 --> 00:55:58,700
Give an interview to CNN that 
five year old girl. 

978
00:55:58,700 --> 00:56:04,000
Who's like I blame Bashar 
al-assad for Syria War. 

979
00:56:04,400 --> 00:56:07,400
Yeah. 
No, I think she was the scripted

980
00:56:07,400 --> 00:56:08,300
one. 
Right? 

981
00:56:09,000 --> 00:56:11,100
I think she did like another 
interview. 

982
00:56:11,300 --> 00:56:15,000
We're like, it was obvious that 
she was on a script because like

983
00:56:15,000 --> 00:56:19,000
the first time They asked her 
like what her favorite food was 

984
00:56:19,000 --> 00:56:22,100
and she was like, I'm really 
scared and then they asked her 

985
00:56:22,100 --> 00:56:23,900
like the question that should 
have led to. 

986
00:56:23,900 --> 00:56:29,300
I'm really scared and she said 
fish so I believe it was likely.

987
00:56:29,300 --> 00:56:31,900
Yeah, I think it was Eva 
Bartlett. 

988
00:56:31,900 --> 00:56:34,300
I'll try to send you the link. 
I'll try to do that up and 

989
00:56:34,300 --> 00:56:37,000
finally, because it's a few 
years ago now, but yeah, they 

990
00:56:37,000 --> 00:56:39,800
they really do try to like it 
spoiled little stories like, 

991
00:56:39,800 --> 00:56:42,800
children on this to fuel the 
regime chamber efforts. 

992
00:56:42,800 --> 00:56:47,700
It's crazy sickening, just like 
Babies in incubators, with with 

993
00:56:47,700 --> 00:56:49,500
Iraq, pulling at the 
heartstrings. 

994
00:56:49,500 --> 00:56:52,900
I make a final point on this. 
Alright, Williams Williams says 

995
00:56:53,200 --> 00:56:55,700
the intellectual defense, 
defense of free market 

996
00:56:55,700 --> 00:56:58,700
capitalism should focus on its 
moral superiority. 

997
00:56:58,800 --> 00:57:01,000
In other words, even if free 
enterprise were not more 

998
00:57:01,200 --> 00:57:04,200
efficient than other forms of 
human organization. 

999
00:57:04,200 --> 00:57:07,300
It is morally Superior because 
it is rooted in voluntary 

1000
00:57:07,300 --> 00:57:10,000
relationships rather than force 
and coercion. 

1001
00:57:10,000 --> 00:57:14,600
And it respects the sanctity of 
the individual finishing with 

1002
00:57:14,700 --> 00:57:19,200
the rise of capitalism. 
And the rise of human 

1003
00:57:19,200 --> 00:57:22,700
productivity, people were able 
to satisfy their physical needs 

1004
00:57:22,700 --> 00:57:25,900
with less and less time. 
Economic progress, made it 

1005
00:57:25,900 --> 00:57:29,400
possible for people to have the 
time to develop spiritually and 

1006
00:57:29,400 --> 00:57:31,800
culturally. 
The rise of capitalism enabled, 

1007
00:57:31,800 --> 00:57:35,100
the gradual extension of 
civilization to greater and 

1008
00:57:35,100 --> 00:57:37,400
greater numbers of people. 
By the way. 

1009
00:57:37,400 --> 00:57:40,000
We're not even halfway through 
the paper. 

1010
00:57:40,200 --> 00:57:42,600
You great read this, I 
definitely recommend. 

1011
00:57:42,800 --> 00:57:45,600
This is, I would say this is one
of the best introductory. 

1012
00:57:45,800 --> 00:57:48,000
Papers, because the average 
person who doesn't, you know, 

1013
00:57:48,000 --> 00:57:50,300
agree with us. 
It's like, well, you don't want 

1014
00:57:50,300 --> 00:57:54,200
to give them man economy and 
state 1405 Pages, or something 

1015
00:57:54,200 --> 00:57:58,000
like that, but not going to read
it 10 pages, real short, and 

1016
00:57:58,000 --> 00:58:02,000
sweet focusing on them morality 
and the economics, philosophy 

1017
00:58:02,000 --> 00:58:04,700
and economics. 
Who, what a great. 

1018
00:58:05,000 --> 00:58:08,100
What a great paper Walter 
Williams rest in peace, brother.

1019
00:58:08,700 --> 00:58:10,500
Yeah. 
Well, thanks so much for coming 

1020
00:58:10,500 --> 00:58:14,100
on and talking to this in 
talking to us about this great 

1021
00:58:14,100 --> 00:58:17,700
hero of Liberty. 
And you know, having a chance to

1022
00:58:17,700 --> 00:58:21,600
really get into some of these 
issues and subjects and maybe 

1023
00:58:21,600 --> 00:58:25,000
we'll have to do another show 
like in the coming month or so 

1024
00:58:25,300 --> 00:58:27,700
talking more about like you can 
omits and these principles 

1025
00:58:27,700 --> 00:58:30,700
because they are really 
important but no most of the 

1026
00:58:30,700 --> 00:58:33,700
time my audience lights, you 
know more hard news stories, but

1027
00:58:33,700 --> 00:58:35,000
I'm glad that we gave a 
corporate. 

1028
00:58:35,000 --> 00:58:38,500
A lot of that into everything we
talked about Keith tell people 

1029
00:58:38,500 --> 00:58:40,600
where to find your work or 
subscribe to you support, you 

1030
00:58:40,600 --> 00:58:44,300
all that stuff. 
I would ask that people check 

1031
00:58:44,300 --> 00:58:50,100
out my videos on that about 580 
videos advocating, the 

1032
00:58:50,100 --> 00:58:53,800
principles of self-ownership, 
the non-aggression principle 

1033
00:58:53,900 --> 00:58:59,700
truth in history and logical, 
fallacies, sort of attempting to

1034
00:58:59,700 --> 00:59:01,900
help people think clearly about 
certain things. 

1035
00:59:01,900 --> 00:59:04,000
So you can find me at Keith 
Knight. 

1036
00:59:04,000 --> 00:59:08,700
Don't tread on anyone on places 
like Library bit shoot. 

1037
00:59:08,700 --> 00:59:11,700
I also have a YouTube channel, 
but I've been striked a couple 

1038
00:59:11,900 --> 00:59:16,300
they've Fuck me a couple times. 
So maybe check out my 

1039
00:59:17,000 --> 00:59:20,600
alternative platforms as well. 
Under each one of my videos. 

1040
00:59:20,800 --> 00:59:24,300
You can see where, where else to
find me. 

1041
00:59:24,300 --> 00:59:26,700
Kyle. 
Thanks so much for you were 

1042
00:59:26,700 --> 00:59:30,300
bringing the truth to the 
foreign policy Arena. 

1043
00:59:30,400 --> 00:59:32,500
And thank you for having me on 
it right on. 

1044
00:59:32,500 --> 00:59:36,000
And also I think you find both 
our shows that the libertarian 

1045
00:59:36,000 --> 00:59:38,900
Institute. 
So libertarian institute.org on 

1046
00:59:38,900 --> 00:59:42,600
the homepage right hand column. 
If you scroll down, Down. 

1047
00:59:42,600 --> 00:59:45,900
It's got show Pete, show my show
and keep show. 

1048
00:59:45,900 --> 00:59:49,300
So check it out and thanks for 
tuning in.