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Live From Warsaw: Blockade; Lebanon; Orban; Mamdani; Yale/Harvard; AI | Yaron Brook Show · Yaron Brook Show

0:04
Speaker 1: Fundamental principles. I love dad? Why you want self interested
0:10
Speaker 1: and individual wats? This is the Brook Show? Oh right, everybody,
0:21
Speaker 1: welcome to your one book show on this Fundamental Principles. Yeah,
0:28
Speaker 1: that happens, all right? Do you welcome to your one
0:32
Speaker 1: book show on this? What is it? April sixteenth? At
0:36
Speaker 1: this Thursday? It's I'm in Warsaw, Poland it is.
0:42
Speaker 2: Nine thirty pm.
0:43
Speaker 1: Over here, so I thought i'd sneak in a show
0:47
Speaker 1: quickly before bedtime. I just did a talk at the
0:53
Speaker 1: Warsaw what is it? School of Economics and that was good.
1:01
Speaker 1: That was good, and I had a few people up there.
1:05
Speaker 1: We've got one who was there who a regular regular
1:08
Speaker 1: view of the show. Another guy ran out after me
1:11
Speaker 1: after the talk and said, oh, I want to tell you.
1:13
Speaker 1: Before he left, he said, I last, so you speak
1:18
Speaker 1: here in Warsaw in twenty seventeen, and you inspired me
1:22
Speaker 1: to become active and fight for freedom and you know,
1:27
Speaker 1: had a huge impact on my life.
1:28
Speaker 2: Thank you. And he was all shaky and emotional.
1:31
Speaker 1: He's getting a master's in economics, he's hoping to get
1:34
Speaker 1: a PhD in economics. So yeah, having an impact on
1:37
Speaker 1: people's lives that is good. I guess you guys are
1:42
Speaker 1: waiting for me in Porto. I'll be there tomorrow. I've
1:45
Speaker 1: got a direct flight from Warsaw to Porto. Hopefully that
1:51
Speaker 1: will go smoothly tomorrow. Let's see what else I've you know,
1:57
Speaker 1: since we last spoke. I've been to.
2:01
Speaker 2: Montenegro. Montenegro has this.
2:06
Speaker 1: University, private university, which is where in some of the
2:11
Speaker 1: courses they teach I Rand. It's generally what it's called
2:14
Speaker 1: a classical liberal university. It's very pro free markets and
2:19
Speaker 1: there are four thousand students, very successful, probably the best
2:22
Speaker 1: university in Montenegro. Montenegro is a very small place, but
2:25
Speaker 1: still it's great. The guy who invited me used to
2:31
Speaker 1: be a student university. Now he's a professor at the university.
2:35
Speaker 1: He's an assistant professor at the university, and he's invited
2:38
Speaker 1: me and he's going to be in Porto. So look
2:40
Speaker 1: out for him, those of you in Porto. He will
2:44
Speaker 1: he will be there. He's very interested in objectivism. Very
2:47
Speaker 1: interested is Red iron Rand. I meant the rector of
2:50
Speaker 1: the university, who's really the owner and the president of
2:53
Speaker 1: the university. He uses iron Rand in his lectures. He's
2:59
Speaker 1: spoken of iron Ran written about Iron raan uh so yeah,
3:03
Speaker 1: having an impact in Montenegro. Last time I spoke in Amsterdam,
3:07
Speaker 1: not amsdeam Utrecht Utrecht. Can you say Utrecht? H you
3:13
Speaker 1: got to get her right, that's an an Israeli her.
3:17
Speaker 1: So I can do it. I've spoken Utrecht and that
3:22
Speaker 1: was uh. That was really good. At about fifty people
3:27
Speaker 1: and a mixture some objectivist libertarians, some people interested. It
3:35
Speaker 1: was good.
3:35
Speaker 2: I talked about Canada, the state of the world, and left.
3:38
Speaker 1: And right and and uh and collectivisms and visualism. I
3:42
Speaker 1: spoke about the same topic basically today in Poland. Yeah,
3:47
Speaker 1: really good, really good. So uh. Jennifer says she can't
3:52
Speaker 1: say Utrecht. My guess is most Americans can say. I
3:56
Speaker 1: can't say Utrecht. People can make fun of my accent
3:58
Speaker 1: in in English they complain about my oh os, but
4:06
Speaker 1: in Polish I'm really good Rocklau, Rocklau anyway, So be
4:15
Speaker 1: it anything else I want to tell you, Yeah, I
4:21
Speaker 1: mean one of the things I like about the EU.
4:26
Speaker 1: Things I like about the EU. There's a there's a
4:28
Speaker 1: show we could have. I love flying from country to country,
4:33
Speaker 1: clearly a different country every time.
4:34
Speaker 2: No passport control.
4:35
Speaker 1: You use the passport control once when you enter the EU,
4:38
Speaker 1: and then you fly around from country to country, no
4:40
Speaker 1: passport control, no limitations like flying for state to state
4:44
Speaker 1: in the United States. So we take it for granted,
4:46
Speaker 1: but I remember the days in Europe where you had
4:49
Speaker 1: to get you passport control. Start over again, everything starts
4:53
Speaker 1: from scratch. Yeah. So one of the things I really
5:01
Speaker 1: like about the EU. You can drive across borders, no
5:03
Speaker 1: limitary just like states. Indeed, I'm a big advocate for
5:09
Speaker 1: the United States of Europe. Europeans the LEGO when they
5:12
Speaker 1: say that, but the United States of Europe. It's time
5:15
Speaker 1: to abandon this idea of all these separate little states
5:18
Speaker 1: and all these separate little I mean Montenego half a
5:20
Speaker 1: million people, six hundred thousand. Maybe what's the point. Just
5:25
Speaker 1: make it a state in a federated in a federated
5:31
Speaker 1: inter federated Europe. All right, let's see. Yeah, So updates
5:39
Speaker 1: on kind of what's going on. As you know, we
5:42
Speaker 1: talked about the ceasefire between the United States and Iran.
5:45
Speaker 1: I still don't quite understand what the United States gets
5:48
Speaker 1: out of the cease fire. I guess the Israelis and
5:51
Speaker 1: the Gulf States get a little piece of a piece
5:55
Speaker 1: of from a missile attacks from a bailistic missiles and drones.
6:02
Speaker 1: But the funny thing is that the Gulf States and
6:04
Speaker 1: Israel were the ones advocating for keep going. They didn't
6:07
Speaker 1: mind it as long as ultimate victory, which is primarily
6:13
Speaker 1: going to be regime change, was attained. So again, I'm
6:17
Speaker 1: not sure what the United States gets out of a
6:19
Speaker 1: cease five. I will say this, instead of actually opening
6:25
Speaker 1: up the streets of homoes and escorting ships out of there,
6:29
Speaker 1: and the United States instead has decided to blockade Iranian shipping,
6:36
Speaker 1: so they're not allowing ships into Iran and a lot
6:38
Speaker 1: of the allowing ships out of Yuon. So far, you know,
6:43
Speaker 1: I think it's the day four or day three or
6:44
Speaker 1: day four, and they've been very successful and stopping all
6:47
Speaker 1: shipping in and out of you On. We'll get to
6:49
Speaker 1: that in a minute. But here's a question for you.
6:52
Speaker 1: I wonder if you, I wonder if you have an idea,
6:55
Speaker 1: why wasn't this done a day one of the war.
6:58
Speaker 1: Why was it that as we bombing the Iranians and
7:02
Speaker 1: destroying their military and you know, killing their leadership, we
7:07
Speaker 1: allowed them to continue to export oil to the rest
7:09
Speaker 1: of the world and to bring an income and to
7:15
Speaker 1: make money and take away any incentive for the Chinese,
7:20
Speaker 1: who get most of the Iranian oil, to actually put
7:23
Speaker 1: pressure on Iran to surrender to stop this. It's it's,
7:34
Speaker 1: you know, not completely coherent. What the strategy is. I mean,
7:41
Speaker 1: if you can blockade Ranian shipping, why not do it?
7:46
Speaker 1: They want so a little bit well doing I don't
7:52
Speaker 1: quite understand that. Again, maybe a lack of thinking, a
7:55
Speaker 1: lack of strategy, a lack of They were kind of
7:58
Speaker 1: shocked by the disclosure of the Straits of Home. Well, why
8:01
Speaker 1: not say to the Iranians, if you're going to close
8:02
Speaker 1: the Straits of Homoes, your shipping is finished. You're not.
8:07
Speaker 1: No ship is going to pass two an Iranian ports,
8:11
Speaker 1: and no ship is going to exit an Iranian ports.
8:14
Speaker 1: And those ships that you take a toll for, we're
8:17
Speaker 1: not gonna let them through either, So you better start
8:20
Speaker 1: stop taking a toll. You would have thought, again strategy
8:27
Speaker 1: that that would have been one of the first things.
8:28
Speaker 2: To be done.
8:29
Speaker 1: But no, no, anyway, the blockade's a good idea. Again,
8:34
Speaker 1: should have been done right at the beginning of the
8:36
Speaker 1: war together with the strategy and how to open the
8:38
Speaker 1: States of Homores. The States of Homos is not still
8:42
Speaker 1: not completely open. More ships are traversing it. The United
8:48
Speaker 1: States has kind of figured out a safe route where
8:51
Speaker 1: the mines where the Iranians have not mined it. Iran,
8:54
Speaker 1: because of the ceasefire, is not attacking these ships. So
8:58
Speaker 1: more ships are exiting the States of Homos and most
9:01
Speaker 1: Saudi oil, Iraqi oil, I think e OE and Kato
9:06
Speaker 1: is exiting the States of Homoes for now. Again, how
9:11
Speaker 1: to tell how long this will continue. Trump continues to
9:14
Speaker 1: want a deal with the Ranians again. The negotiations fell
9:20
Speaker 1: apart last week. Why didn't the bombing restart? Trump clearly
9:26
Speaker 1: wants a deal, and it continues to say that the
9:33
Speaker 1: Iraq that the Ranians have agreed to no nuclear weapons,
9:37
Speaker 1: They've agreed to return all the processed uranium back, They've
9:43
Speaker 1: agreed to hand it over to the United States. Supposedly
9:46
Speaker 1: they've agreed to all these things. I'm skeptical allowing you
9:49
Speaker 1: to be skeptical about whether they've really agreed to these
9:52
Speaker 1: things or not. But what he wants is is a
9:56
Speaker 1: big beautiful bill, a big beautiful deal, right peace, I
10:01
Speaker 1: mean he he gets that the war is not popular
10:04
Speaker 1: because to the large extent he hasn't made the case
10:06
Speaker 1: for the war, and that he needs he needs to
10:10
Speaker 1: resolve it in some way. And his inclination is. Look,
10:15
Speaker 1: if you look at Gaza, if you look at Lebanon, Chrisbella,
10:20
Speaker 1: and you look at Yon. Trump has given Israel a
10:24
Speaker 1: free hand and then stopped. Like the one thing Trump
10:28
Speaker 1: won't let Israel do and won't let himself do is
10:32
Speaker 1: actually finished the job. We'll get to Lebanon and in it.
10:36
Speaker 1: But in every case ceasefire is called stop. I mean,
10:40
Speaker 1: there was a real opportunity to weed out Ramas and
10:43
Speaker 1: destroy it and disarm it and finish the job. No,
10:45
Speaker 1: Trump stopped cease fire. There's a real chance now in
10:50
Speaker 1: Lebanon to get rid of Chris Bala. As of a
10:54
Speaker 1: few hours ago, Trump said, stop cease fire. There was
10:58
Speaker 1: a real chance of getting regime change any on and
11:01
Speaker 1: Israel in the United States, we're making real progress towards that.
11:04
Speaker 1: And Trump said, no, stop cease fire. Negotiat negotiat negotia again.
11:09
Speaker 1: I've said this over and over again. Iran said this originally.
11:11
Speaker 1: Of course, I'm not original in this. There is nothing
11:14
Speaker 1: to be gained by the good negotiating with evil. The
11:18
Speaker 1: good has nothing to gain from evil. Evil has everything
11:21
Speaker 1: to gain from the good. Indeed, it's very Survival depends
11:24
Speaker 1: on the good. I mean, imagine you run without oil,
11:28
Speaker 1: Why does he run? Why can you run? Sell oil
11:30
Speaker 1: and make money? Because they're unbelievably numbers of productive people
11:35
Speaker 1: out there, productive companies out there that are trying to
11:39
Speaker 1: live lives and trying to produce and trying to create
11:42
Speaker 1: needing oil. They live because there's people out there doing
11:48
Speaker 1: the things necessary survival, doing the doing good and you know,
11:53
Speaker 1: for human life. So yeah, Trump wants a deal. In
11:59
Speaker 1: the meantime, the Ranians are using the ceasefire as you
12:02
Speaker 1: would expect, to improve their situation. For example, they're digging,
12:07
Speaker 1: they're digging up in their satellite images that are showing this.
12:10
Speaker 1: So and Trump actually acknowledged it today in talking to reporters. Uh,
12:15
Speaker 1: the Iranians are using the time to dig out the
12:19
Speaker 1: tunnels that are being blocked by the bombing so that
12:23
Speaker 1: they can get to their launchers, into their missiles. So
12:25
Speaker 1: if the ceasefire is over, when the ceasefire is over,
12:28
Speaker 1: if the ceasefire is over, they will immediately have access
12:33
Speaker 1: to their launchers to you know, to shoot ballistic missiles
12:37
Speaker 1: at the Gulf States and at Israel. So you know,
12:43
Speaker 1: they're not they're not sitting in their hands. They're actively
12:47
Speaker 1: engaged in preparing for the end of the ceasefire, in
12:51
Speaker 1: preparing for resuming their their attacks. Uh, it's still not
12:57
Speaker 1: clear who Trump is talking to exactly. He's talking speak
13:00
Speaker 1: of the parliaments in Iran, but it's not clear that
13:03
Speaker 1: he is the one who has the power. It's not
13:05
Speaker 1: clear who exactly does have the power. They're conflicting reports.
13:10
Speaker 1: There's obviously grave disagreements within the Uranian regime about what
13:14
Speaker 1: should be done. They are relatively speaking, moderates who would
13:18
Speaker 1: like to cut a deal. They're still religious fanatics. So
13:22
Speaker 1: I'm not sure if a deal. I mean, let's put
13:24
Speaker 1: it this way. There are people in Iran who believe,
13:26
Speaker 1: let's cut a deal, we're cheat on it in anyway,
13:28
Speaker 1: and then others says, no, we've got pride, We're not
13:31
Speaker 1: gonna cut a deal. We'll go down with the ship.
13:34
Speaker 1: We'd rather commit suicide. So the real difference is not
13:37
Speaker 1: about the endgame. The real difference between the moderates and
13:41
Speaker 1: the radicals is whether they're willing to dine now for
13:44
Speaker 1: the cause or whether they would rather cheat on a
13:49
Speaker 1: deal and delay their their meetings with the virgins in
13:56
Speaker 1: the afterlife. What else can I say about? Oh yeah,
14:01
Speaker 1: The other point I think that's important to make is
14:04
Speaker 1: while the ceasefire is happening, the Iranians are digging their
14:07
Speaker 1: misselves out. The United States says, bolstering its troops in
14:10
Speaker 1: the area, So flights flying in. I think equipment, probably
14:16
Speaker 1: a lot of grounded air missiles. They were being depleted
14:23
Speaker 1: and they're probably you know, adding to the supplies. They're
14:27
Speaker 1: bringing more ammunition. Also being more troops. We talked about
14:30
Speaker 1: this last time, more airborne eighty six and airborne.
14:34
Speaker 2: More of those troops are coming in.
14:36
Speaker 1: Also, there was an aircraft carrier group heading towards the
14:41
Speaker 1: Arabian Sea, heading towards the conflict zone. It is interesting
14:46
Speaker 1: they left from the East coast was now a week
14:50
Speaker 1: and a half ago. Two weeks ago, I thought, and
14:53
Speaker 1: everybody expected them to go through the Mediterranean and down
14:55
Speaker 1: the tow His Canal and join up with with the
15:01
Speaker 1: other aircraft carry out in the Arabian Sea. But no,
15:04
Speaker 1: they have not entered the Mediterranean. They're actually going around
15:08
Speaker 1: the Cape of Good Hope. They're going Southern Africa, which
15:13
Speaker 1: extends their trip by three days, but on the other hand,
15:18
Speaker 1: is probably safer. Maybe they're worried about being attacked in
15:21
Speaker 1: the Surius Canal. Maybe they're worried about having to confront
15:25
Speaker 1: the hooties. I don't know. It's hard to understand exactly
15:29
Speaker 1: why they're doing this, but it could just be three
15:33
Speaker 1: days is worth it not to you know, Suis Canal,
15:36
Speaker 1: you're stuck in a very narrow place. If it's an
15:39
Speaker 1: aircraft carrier, there's almost no room for maneuvering. Maybe there's
15:44
Speaker 1: some indications that there's some suicide bombers or terrorists or
15:50
Speaker 1: I don't know, something some threat to them when they
15:54
Speaker 1: do that.
15:54
Speaker 2: But they are going around the Cape of Good Hope.
15:56
Speaker 1: They will be joining up with the other aircraft carrier group.
16:01
Speaker 1: The US military is bolstering its forces in the Middle
16:04
Speaker 1: East for the potential that these negotiations will not be successful.
16:09
Speaker 1: But Trump is really pushing for the negotiations, and really
16:12
Speaker 1: the big step that he took today in terms of
16:16
Speaker 1: moving towards that negotiation. You know, the Iranians were linking
16:22
Speaker 1: their willingness to negotiate but also their willingness to compromise
16:26
Speaker 1: with a deal in Lebanon with a ceasefire in Lebanon,
16:29
Speaker 1: and Israel refused, and originally the United States said, no way.
16:34
Speaker 1: You know, there's no relationship with what's going on in
16:36
Speaker 1: Iran and what's going on in Lebanon. Israel has to
16:38
Speaker 1: a right to defend itself anyway. Today Trump called the
16:44
Speaker 1: president of Lebanon and kind of unilaterally declared after that
16:49
Speaker 1: call that there was going to be a ceasefire between
16:52
Speaker 1: Israel and Lebanon.
16:53
Speaker 2: I think that came as a complete surprise to these Raelis.
16:56
Speaker 1: But you know, Nataniow fell into line as as he
17:00
Speaker 1: usually does when Trump asks him to do something. Nitania
17:05
Speaker 1: has announced that, as a favorite of Trump, they will
17:10
Speaker 1: go into attend a cease fire. In addition, Trump has
17:16
Speaker 1: said that he's inviting the president of Lebanon and Antoniello
17:20
Speaker 1: to the White House to negotiate a peace deal. Now,
17:26
Speaker 1: a couple of things. A couple of things to note. One,
17:30
Speaker 1: the president of Lebanon can't actually declare a cease fire.
17:34
Speaker 2: Is those not fighting Lebanon, is those fighting?
17:36
Speaker 1: Chrisbella, the President of Lebanon does not speak for Grisbela,
17:40
Speaker 1: so exactly what happens now when Chrisabella doesn't play. But
17:45
Speaker 1: now Chrisbela would like a ceasfire. They're losing desperately and
17:49
Speaker 1: it's it's really bad for Isbella. What's going on in Lebanon,
17:52
Speaker 1: So they're on their back heel, So they would like arrest,
17:55
Speaker 1: just like Iran. They wouldn't mind arrest to regroup and
17:59
Speaker 1: and and and figure out what they do next. But
18:02
Speaker 1: the President of Lebanon doesn't speak for Isabellah, so I'm
18:05
Speaker 1: not sure he can declare a cire is OK, stop shooting,
18:08
Speaker 1: and it says it will unless it's shot at and
18:11
Speaker 1: then it's so just will defend themselves. As Al has
18:14
Speaker 1: achieved some major successors in South Lebanon. We've talked about
18:18
Speaker 1: the successes in destroying and killing many senior Hrisbella operatives
18:24
Speaker 1: on that one day when the ceasefire with Iwan was
18:27
Speaker 1: announced and they killed like I think two hundred and
18:29
Speaker 1: fifty Risbella operatives in one go, like in ten minutes,
18:34
Speaker 1: shooting at one hundred different targets all at the same time.
18:37
Speaker 1: Pretty amazing, amazing feet But in the meantime, is Al
18:44
Speaker 1: has achieved a lot in South Lebanon. They've taken over
18:47
Speaker 1: many of the villages, They've taken off all the strategic
18:50
Speaker 1: locations that Ribella had established. They've gone house to house
18:56
Speaker 1: in some of these big, relatively big towns were his
19:00
Speaker 1: lah was well established. They flattened some of the villages
19:03
Speaker 1: right on the Israeli border that Ribella was using in
19:06
Speaker 1: order to attack Israel. Uh, they've depopulated, if you will,
19:10
Speaker 1: much of southern southern Lebanon. It's going to be interesting
19:14
Speaker 1: during the ceasefire or civilian is going to come back
19:16
Speaker 1: into this territory that is not going to be good
19:20
Speaker 1: for Israel if that happens, And and how is all
19:23
Speaker 1: going to make sure his ballad doesn't sneak in as well.
19:27
Speaker 1: It is always making really good progress in clearing out
19:32
Speaker 1: Grisbella from southern Lebanon and establishing this buffer zone all
19:36
Speaker 1: the way to the Litani River, and Trump just stopped it,
19:40
Speaker 1: halted it almost in the middle Now. I think, I
19:45
Speaker 1: think much of the achievements have already been made, and
19:49
Speaker 1: we'll see whether Israel keeps the ceasefire and how it
19:51
Speaker 1: exactly how it exactly works. We'll see Balla keeps the ceasefire.
19:55
Speaker 1: Israel in spite of the ceasefire with Gaza, keeps bombing Gaza,
19:59
Speaker 1: keeps taking out Hamas fighters in Gaza. So maybe they'll
20:03
Speaker 1: keep doing that in Lebanon as well.
20:05
Speaker 2: I'm not sure.
20:06
Speaker 1: So that's one is all has really achieved a lot,
20:09
Speaker 1: and now it stopped. The goal of the Israeli campaign
20:13
Speaker 1: is the dismantling of Chrisbella, or at the very least
20:16
Speaker 1: establishing this buffer zone throughout all of southern Lebanon and
20:25
Speaker 1: a in degrading Chrisbale enough that Chrisbella stops being a threat.
20:32
Speaker 1: But you know, Trump is dangling in front of them
20:35
Speaker 1: this prospect of peace. Now, the last president of Lebanon,
20:41
Speaker 1: who was who started negotiating peace with Israel and was
20:47
Speaker 1: serious about peace with Israel, was assassinated in a call
20:53
Speaker 1: bomb in God I think nineteen eighty three, maybe, but
21:00
Speaker 1: I think it was eighty three. So there's a history
21:05
Speaker 1: of Lebanese presidents not surviving this idea of negotiating with Israel.
21:11
Speaker 1: So one wonders about whether how excited the president of
21:17
Speaker 1: Lebanon is to come and meet Natagniello in the White
21:20
Speaker 1: House and negotiate. It's not clear again what Israel has
21:24
Speaker 1: to gain here. The Lebanese have shown no willingness to
21:29
Speaker 1: actually use their military to, you know, to disarm Chrisbela.
21:35
Speaker 1: The Lebanese government is repeatedly demanded that Chrisbella be disbanded
21:43
Speaker 1: and be disarmed, and they've declared the military wing of
21:49
Speaker 1: Chrisbela illegal and yet they've done nothing to actually achieve
21:52
Speaker 1: that would somehow a peace deal with Israel force their
21:57
Speaker 1: hand into doing something. I mean, on what basis do
22:02
Speaker 1: we think that would even happen? Are they strong enough,
22:04
Speaker 1: are they capable enough? And isn't Lebanon really really afraid
22:08
Speaker 1: of a of a new civil war? They know what
22:10
Speaker 1: happened last time when they had a civil war. That
22:12
Speaker 1: a civil war that lasted from the early nineteen seventies
22:15
Speaker 1: through the nineteen nineties through the early nineteen nineties, so
22:18
Speaker 1: twenty years devastated the country. It still hasn't really recovered
22:23
Speaker 1: from that. Do they you know, are they so afraid
22:26
Speaker 1: of another civil war that they're never going to go
22:31
Speaker 1: after Ribellah? And the only just like Hamas, the only
22:35
Speaker 1: party that can actually do the job.
22:37
Speaker 2: The only party will actually dismand of his Bala.
22:39
Speaker 1: The only party that has the capability of doing it
22:42
Speaker 1: and the will, the actual will to do it, is Israel.
22:47
Speaker 2: So what is Israel gained from the cease fire?
22:51
Speaker 1: Nothing? I mean, I don't know good will from Trump,
22:55
Speaker 1: for whatever that's worth. But in terms of underground, its security,
23:01
Speaker 1: its responsibility to protect the individual rights, the safety of
23:05
Speaker 1: its citizens, it gains nothing. It gains nothing, and indeed
23:09
Speaker 1: it compromises a lot, and it risks losing a lot,
23:13
Speaker 1: losing the gains that it has made, the success that
23:16
Speaker 1: it has had, you know that it has had so
23:19
Speaker 1: far in dealing with with Hisbeligan, southern Lebanon and in
23:28
Speaker 1: the rest of Lebanon. I don't think there's a good
23:32
Speaker 1: chance of a real peace deal between Israel and Lebanon
23:36
Speaker 1: without Risbella being dismantled. I mean, that will be a
23:40
Speaker 1: condition by Israel, and again I'm not sure Lebanon can
23:43
Speaker 1: live up to that condition. So I don't see the point.
23:49
Speaker 1: So why is Trump doing this? I think Trump is
23:52
Speaker 1: forcing Israel into the cease fire and forcing the forcing
24:00
Speaker 1: the Lebanese president to negotiate with Israel. It's a game
24:06
Speaker 1: of pretend, right, So what he's doing is he is
24:10
Speaker 1: positioning as the ceasefire is separate from Iran. It's all
24:15
Speaker 1: about it's all about peace between Lebanon and Israel. But
24:21
Speaker 1: the reality is that this is Trump compromising with the Iranians.
24:25
Speaker 1: This is Trump giving the Iranians something. This is Trump
24:29
Speaker 1: saving his Bla from annihilation to appease the Iranians. Because
24:34
Speaker 1: Trump is, I think, with that question right now, desperate
24:39
Speaker 1: for a deal with the Iranian regime. He thinks that
24:43
Speaker 1: it is politically necessary for him. He is really worried
24:47
Speaker 1: about the political consequences of going back on the offensive,
24:51
Speaker 1: going back to bombing, you know, bombing Iran. He is
24:58
Speaker 1: he is being convinced by whomever, the skeptics, the cynics
25:03
Speaker 1: out there, that regime change cannot happen, that and that
25:09
Speaker 1: he's never going to get a better deal with you
25:10
Speaker 1: on and what he's.
25:11
Speaker 2: Going to get right now, And that is tragic.
25:15
Speaker 1: It's tragic for the United States because I don't think
25:17
Speaker 1: the Iranian threat will go away. It's tragic for Israel
25:21
Speaker 1: because I don't think the Iranian threat will go away.
25:23
Speaker 1: And it's of course tragic for the Iranian people who
25:26
Speaker 1: have been oppressed by this regime for forty seven years.
25:29
Speaker 1: Maybe in those initial years, many Uranians supported the regime,
25:33
Speaker 1: but today very few. I think Iranians support the regime
25:37
Speaker 1: and there's a real opportunity for regime change. Again, I repeat,
25:41
Speaker 1: I am a believer that a regime change is possible.
25:45
Speaker 1: That if the United States and Israel continue with the
25:50
Speaker 1: bombing campaign.
25:50
Speaker 2: Continue with the war, the regime will fall.
25:55
Speaker 1: But every time Trump negotiates with them, it gives them legitimacy.
25:59
Speaker 2: Every time Trump.
26:00
Speaker 1: Negotiates with him, he's sanctions them. Every time Trump is
26:03
Speaker 1: weak on them, you know he he he gives them life.
26:09
Speaker 1: He gives them life. Now, I will say this, this
26:14
Speaker 1: bookade is going to have devastating effects on the Uranians.
26:19
Speaker 1: It basically destroys their income. Much of the money that
26:23
Speaker 1: comes from the oil trade goes to the IRGC. It's
26:26
Speaker 1: the money they used to pay salaries, it's the money
26:28
Speaker 1: they use to buy weapons systems. So it's going to
26:35
Speaker 1: have devastating economic effects on Iran. But it also has real,
26:41
Speaker 1: potentially real problems for all production well into the future.
26:46
Speaker 1: Iran doesn't have a lot of capacity to store oil.
26:51
Speaker 1: They can probably keep pumping oil for maybe two weeks,
26:54
Speaker 1: maybe a month, and store it without chipping it, and
27:00
Speaker 1: then they have to shut down oil wells. Now, I
27:03
Speaker 1: don't know much about oil wells, but my understanding is,
27:06
Speaker 1: and maybe some of you know more about this than
27:08
Speaker 1: I do and can correct me, is that if you
27:10
Speaker 1: close down a oil well, it's very difficult to restart it,
27:14
Speaker 1: and the oil well in a sense gets polluted. It
27:17
Speaker 1: gets water comes in because now the pressure is lower
27:21
Speaker 1: because you're not pumping anything else and there's a space left.
27:26
Speaker 1: Water comes in, and that water dilutes basically forces some
27:32
Speaker 1: of the oil into kind of the cracks and the
27:35
Speaker 1: rocks and makes it very difficult to get to that oil.
27:38
Speaker 1: And oil wells can easily lose between five to ten
27:41
Speaker 1: percent of their capacity because they've been shut down for
27:44
Speaker 1: a while. Ideally, when you drill a well and you
27:47
Speaker 1: start pumping, you don't stop until the well is dry.
27:54
Speaker 1: So Uron does not want to shut down its oil wells,
27:57
Speaker 1: but it will have to if if they run out
28:01
Speaker 1: of the capacity to store and they can't ship the
28:03
Speaker 1: oil out. So the blockade is is really good. It
28:08
Speaker 1: really puts real pressure on the Iranians. Maybe and maybe
28:13
Speaker 1: they'll compromise. It's hard to tell exactly how much they'll
28:17
Speaker 1: compromise and on what will they compromise, But but they
28:24
Speaker 1: are whoops, what's going on here? Right? But they are
28:30
Speaker 1: going to be significantly economically weakened by this, not only
28:34
Speaker 1: in the short run, short run, but potentially also in
28:36
Speaker 1: the long run. So that is all good news, and
28:39
Speaker 1: it's it's possible, it's possible the Iranians will decide to
28:43
Speaker 1: cut a deal with Trump. I think that will be unfortunate.
28:47
Speaker 1: I also think that it's possible, maybe even likely, that
28:51
Speaker 1: even if they cut a deal with Trump and they
28:53
Speaker 1: survive that within months there will be protests again and
29:00
Speaker 1: the regime will fall. I think as they you know,
29:05
Speaker 1: it really depends on.
29:06
Speaker 2: The deal they come with Trump.
29:09
Speaker 1: If Trump gives them a lot of money, unfreezes their assets,
29:13
Speaker 1: takes away all, you know, all of the sanctions, and
29:19
Speaker 1: allows the Ranian economy to completely recover, then maybe this
29:24
Speaker 1: regime survives. Maybe this regime survives. It would be again
29:31
Speaker 1: horrifically tragic if that's the case. So the biggest i mean,
29:38
Speaker 1: the biggest motivation ultimately for people to come into the
29:41
Speaker 1: streets and to try to get rid of this regime
29:44
Speaker 1: is economic distress. Sadly, I don't know that a majority
29:50
Speaker 1: of Iranians are willing to fight for freedom just for freedom,
29:54
Speaker 1: unless it's also associated with getting rid of the economic
30:00
Speaker 1: suffering that this regime is inflicted on them. If that
30:04
Speaker 1: something goes away, suddenly there's a huge flow of money
30:08
Speaker 1: into Iran. Maybe there resimes device and that would be
30:14
Speaker 1: that would be horrific. So I am hoping the cease
30:18
Speaker 1: fire falls apart. I'm hoping the hardliners in Iran prevent
30:24
Speaker 1: any compromise and that the Uranian that the Israelis and
30:28
Speaker 1: the Americans have to go back in and and ultimately
30:35
Speaker 1: keep on bombing until this regime actually falls, even if
30:40
Speaker 1: that doesn't happen.
30:41
Speaker 2: Just to put this on a positive spend.
30:43
Speaker 1: Look, Israel is safer both from Chrisabella and from Yuan
30:47
Speaker 1: and from Ramas. Not as safe as it should be,
30:50
Speaker 1: not as safe as it could be.
30:52
Speaker 2: But safer.
30:54
Speaker 1: A week in Iran, and Iran will come out of
30:56
Speaker 1: this week in one way or the other. Is good
30:58
Speaker 1: for America, It's good for Israel. It just was so close,
31:04
Speaker 1: was so close, and Israel was so close in Gaza,
31:08
Speaker 1: and Israel is so close in Lebanon in the United States,
31:11
Speaker 1: and Israel so close in Iran, and somehow they're gonna
31:16
Speaker 1: let total victory, total victory elude them. It's just frustrating.
31:23
Speaker 1: It's just frustrating. I mean, Iran is not winning by
31:27
Speaker 1: no measure, can uron win, but it cannot lose as
31:32
Speaker 1: much as as it should have. Says by the way,
31:38
Speaker 1: way down right, stock crocket because of the ceasefire, backup
31:42
Speaker 1: to all time highs, some of the indexes. So yeah,
31:50
Speaker 1: that's that's the crazy part of this. Right. Oil is
31:53
Speaker 1: down to ninety remember it was one hundred and eleven.
31:56
Speaker 1: It's down to ninety. Or market is is assuming there'll
32:01
Speaker 1: be a deal around Iran, and the more Trump talks,
32:04
Speaker 1: the lower all prices go. And I think that's what
32:07
Speaker 1: scared Trump ultimately, it's the political cost, and the political
32:11
Speaker 1: cost manifests itself in higher all prices, and the Republicans
32:16
Speaker 1: are telling him we're going to lose them mid terms
32:18
Speaker 1: big time because of all prices. People you know, you know,
32:25
Speaker 1: really upset because of all prices. Gold by the way
32:30
Speaker 1: back up to forty eight hundred, Silver back up to
32:33
Speaker 1: seventy nine again. Tenure bonds are still at four point three,
32:40
Speaker 1: so is still relatively high. And bitcoin is way up
32:44
Speaker 1: to seventy five. It was as low as sixty five,
32:47
Speaker 1: sixty four. And stock markets, let's see, I think the
32:50
Speaker 1: SMP is Yeah, SMP is in an all time high,
32:56
Speaker 1: seventy forty one, twenty seven. That's an all time high.
33:03
Speaker 1: Let's see the NASDAC NASDEC says an all time high.
33:08
Speaker 1: Well maybe not, yeah, so an all time high. Nas
33:12
Speaker 1: nasdec said an all time high. And yeah, I mean
33:26
Speaker 1: my investment for folio, thanks you, thanks Trump, I guess,
33:30
Speaker 1: but my understanding of long term geopolitics says, this is
33:35
Speaker 1: not good. This is not good. There could have been
33:38
Speaker 1: a much better way. This blockade plus the opening of
33:42
Speaker 1: the Straits of Homoes on the first week or the
33:45
Speaker 1: second week of the war, the war would be over now,
33:48
Speaker 1: the Regiam would have been fallen now, the economy of
33:52
Speaker 1: Yvonne would be in tatters now.
33:54
Speaker 2: But they didn't do that.
33:57
Speaker 1: All right, let's see, all right, I think that is
34:09
Speaker 1: my updates for the war. Happy to take any questions
34:14
Speaker 1: you guys might have on it or anything else. Blockade, Lebanon, Gaza,
34:22
Speaker 1: whatever else you might have. All right, let's see the
34:27
Speaker 1: quick reminder. We're about halfway through the first hour, a
34:30
Speaker 1: little bit over halfway through the first hour, and I
34:32
Speaker 1: want to remind you that we have goals. You know,
34:35
Speaker 1: here I am late at night in also doing a show.
34:40
Speaker 1: We have a deal, right, we have to read certain
34:42
Speaker 1: minimums in terms of funding to make this show viable
34:46
Speaker 1: and possible. And for me to take the time to
34:49
Speaker 1: do this time is money, and fifty an hour is
34:54
Speaker 1: kind of the target. You know, value for value you listen,
34:58
Speaker 1: it's available for free, true, but you should pay for
35:01
Speaker 1: the values you received, trade value for value. And so
35:06
Speaker 1: please consider supporting the show through stickers, through asking a question.
35:10
Speaker 1: Asking a question is great because you get the shape
35:11
Speaker 1: to show. That way, you get me to talk about
35:13
Speaker 1: the things that interest you. So please consider doing that.
35:17
Speaker 1: We still got a long way to go just for
35:18
Speaker 1: the first hour goal. We've got twenty five minutes to
35:22
Speaker 1: get there. But please consider adding to your support so
35:29
Speaker 1: that yeah and incentivizes me to do these shows late
35:34
Speaker 1: at night from Europe, after a full day of hopping
35:38
Speaker 1: between countries every day of different country this week. All right,
35:43
Speaker 1: the good news, the really big good news, is that
35:48
Speaker 1: Victor Oban I lost. He didn't just lose. He was
35:51
Speaker 1: crushed in the Hungarian election.
35:55
Speaker 2: Over the weekend.
35:57
Speaker 1: Victor Oban had been Prime Minister of of Hungary for
36:01
Speaker 1: sixteen years, and since twenty ten he had been a
36:06
Speaker 1: prime minister. We talked about this a period before that,
36:11
Speaker 1: but in his first term as prime minister he had
36:13
Speaker 1: been kind of a regular center right candidate. His turn
36:18
Speaker 1: towards call it post liberal right wing or illiberal right
36:27
Speaker 1: wing or authoritarian right wing came in twenty ten nationalist
36:34
Speaker 1: and very much statist, anti free markets and unbelievably corrupt,
36:44
Speaker 1: and got the government involved in a lot of things,
36:48
Speaker 1: but also got his buddies to own media. He changed
36:52
Speaker 1: the constitution, he changed the way people vote, all in
36:56
Speaker 1: an effort to maintain power forever. And one of the truiest,
37:00
Speaker 1: astounding things about the victory over Oban in the election
37:05
Speaker 1: on Sunday is the fact that then in spite of
37:11
Speaker 1: all his in spite of all his efforts to rig
37:14
Speaker 1: day election, I mean not rig the election and the
37:16
Speaker 1: day of election, but rigged the election well in advance
37:19
Speaker 1: of the election, you know, trying to try to make
37:23
Speaker 1: sure that he won and won forever. In spite of
37:26
Speaker 1: all that, in spite of the fact that it was
37:28
Speaker 1: a huge, uphill battle for the Opposition to take him out.
37:31
Speaker 1: Not only did they take him out, they thrashed him.
37:35
Speaker 1: And they have I think a two thirds majority in
37:37
Speaker 1: the Parliament, so they have the ability to change the constitution.
37:41
Speaker 1: They to undo some of the hupable changes that Oban
37:48
Speaker 1: made to try to make it more difficult to to.
37:55
Speaker 2: You know, change the party in power.
37:57
Speaker 1: Now, maybe they'll be corrupted by the fact that is
38:00
Speaker 1: now we'll work in their behalf, but I hope not.
38:03
Speaker 1: At least it's you know, the opposition leader who just won,
38:08
Speaker 1: who's the future prime minister, just went on on the
38:12
Speaker 1: TV station that it never really had him on but
38:16
Speaker 1: that is basically run by one of Obon's friends, and
38:19
Speaker 1: basically saying that they were going to, you know, in
38:23
Speaker 1: a sense, make sure that the media companies are truly
38:28
Speaker 1: privatized and do away with you know, that particular channel
38:34
Speaker 1: in particular, do away with state funded and stay subsidized media.
38:40
Speaker 1: So again it's going to be interesting what they do.
38:43
Speaker 1: The Opposition Party, to be clear, is not left the
38:47
Speaker 1: Opposition Party as a center right. They agree with Oban
38:51
Speaker 1: and many of his policies, including on immigration, They're just
38:55
Speaker 1: better on.
38:56
Speaker 2: A few things. They're much much, much much better.
39:00
Speaker 1: In Russia, Auban was an obstacle to the EU supporting Ukraine.
39:05
Speaker 1: That obstacle is gone now this new government will support
39:09
Speaker 1: Ukraine over Russia. Auban was a friend of Putin's, a
39:13
Speaker 1: puppet of Putins and a supporter of Putins. So this government,
39:19
Speaker 1: this government will be much more focused on the EU,
39:22
Speaker 1: much more focused on Europe, and turn its back I
39:25
Speaker 1: think on Putin and support Ukraine. That is huge. There
39:29
Speaker 1: is a big aid package targeting Ukraine that was being
39:34
Speaker 1: vetoed by Auban. The new Prime Minister said one of
39:38
Speaker 1: the first things she'll do is retract that veto and
39:41
Speaker 1: allow the aid package to go through. The Ukrainians are
39:44
Speaker 1: happy right now, the EU is happy right now. This
39:48
Speaker 1: is all good news. It's you know. This is also
39:54
Speaker 1: a major defeat for JD Vance and generally the Trump
39:58
Speaker 1: administration and jd Vans were huge Aubon fans. Indeed, Trump
40:04
Speaker 1: tweeted just before the election support for Aubon. JD Vance
40:08
Speaker 1: of course, in the days before the election, was in
40:11
Speaker 1: hungry campaigning for Aubon, which is very unusual. Maybe unprecedented.
40:16
Speaker 1: For an American vice president to directly participate, directly campaign
40:24
Speaker 1: for a foreign leader is I think unheard of, But
40:27
Speaker 1: he did that for Albert This is a slap in the
40:29
Speaker 1: face for the whole post liberal agenda of the rights
40:36
Speaker 1: of Patrick Denan, and for Mule and jd Vance and
40:41
Speaker 1: even Marco Rubio, the National Conservative agenda that viewed Aubon.
40:46
Speaker 2: As a model.
40:49
Speaker 1: You know. So the new government I think is going
40:51
Speaker 1: to be less Christian, although still a little bit. They're
40:55
Speaker 1: still conservatives. It's going to be less interventionist. There's still
41:00
Speaker 1: status but less so, much more focused on integration with
41:05
Speaker 1: the EU, which is good, and much more focused on
41:09
Speaker 1: supporting Ukraine, which is also good. We will see how
41:13
Speaker 1: good they really are in the future. But the fact
41:17
Speaker 1: that Oban is out is a massive benefit, the massive
41:21
Speaker 1: benefits of the world, never mind Hungry itself. One other
41:26
Speaker 1: aspect of this is interesting. One of the things that
41:29
Speaker 1: Auban government did, even though Hungary is a poor country,
41:33
Speaker 1: it has underperformed all its East European neighbors, I mean
41:37
Speaker 1: all the what is that the more wealthy East European neighbors.
41:41
Speaker 1: So it's been you know, even though it was richer
41:44
Speaker 1: to begin with than places like Czechoslovakia, Czech Republic, Poland, Estonia, Lithuania, Latvia.
41:52
Speaker 1: All of those countries is way outpaced Hungary in terms
41:54
Speaker 1: of GDP per capita, in terms of economic growth, economic success,
41:58
Speaker 1: way way way outpace did so Hungary was not doing
42:03
Speaker 1: world economically. In spite of that, somehow the Guarian government
42:07
Speaker 1: found money to support all kinds of alt right new
42:13
Speaker 1: right causes all all around the world. You know, Reform
42:16
Speaker 1: Party in the UK, Nigel Faraja's party got a lot
42:20
Speaker 1: of money from Hungary of all places. Think tanks all
42:24
Speaker 1: over Europe that advocated for nationalism, for anti immigration, and
42:31
Speaker 1: and and for kind of Christianization of Europe also lobbied
42:39
Speaker 1: for pro Russian agenda. Uh, you know the h They
42:48
Speaker 1: got a lot of money from the Hungarian regime. There
42:50
Speaker 1: are a number of intellectuals, American intellectuals who live in Budapest,
42:56
Speaker 1: in Hungary and who get salaries from Hungarian things. Tanks
43:01
Speaker 1: funded by Auban, funded by the Hungarian government. Now I
43:05
Speaker 1: assume that funding is all going to go away, and
43:08
Speaker 1: it's going to be very interesting to see how that
43:10
Speaker 1: impacts reform, how that interpacts these various think tanks around Europe,
43:15
Speaker 1: and how it impacts think tanks in Hungary and in
43:18
Speaker 1: particular those American intellectuals who've been living off of the
43:24
Speaker 1: money from the state, the money that Auban is confiscated
43:27
Speaker 1: through the state and dishing out to them. Unfortunately, it
43:31
Speaker 1: might mean they returned to the United States, which would
43:33
Speaker 1: be which would be really, really really bad. So yeah,
43:38
Speaker 1: really really happy to see Auban leave. I can't remember.
43:42
Speaker 1: One of the last time I was in Hungary, maybe
43:45
Speaker 1: three years ago. I'm pretty sure it was post COVID.
43:50
Speaker 1: I was there speaking for think tank, an anti Auban
43:56
Speaker 1: think tank, and they told me all the horror stories
44:00
Speaker 1: about the corruption, about the violation of rights, and about
44:04
Speaker 1: just how bad Oban was. So I'm sure they're ecstatic.
44:07
Speaker 1: So I'm happy for them that he has gone. You know,
44:10
Speaker 1: the friends I have from Hungary are all really really happy.
44:15
Speaker 1: People within kind of the broadly free market world from
44:19
Speaker 1: Hungary are all happy about this. So this is definitely
44:22
Speaker 1: something to celebrate. It is a major event. You know,
44:26
Speaker 1: NITANIAO is always supportive of Auban because Oban had been
44:32
Speaker 1: pro Israel in spite of having some you know, potentially
44:36
Speaker 1: anti Semitic elements within his political party on the far right.
44:41
Speaker 1: Oban was pro Israel. Well, the new Prime Minister is
44:44
Speaker 1: also indicated he is going to be pro Israel. He
44:48
Speaker 1: has already had a conversation with Nitanieo. It seems to
44:51
Speaker 1: be very friendly. It seems to have gone very very well.
44:55
Speaker 1: So one thing that the the Hungarian election I think
45:01
Speaker 1: suggests is that the population can The population is willing
45:07
Speaker 1: to tolerate a lot, but one thing it is not
45:10
Speaker 1: willing to tolerate. It's not willing to tolerate just, you know,
45:17
Speaker 1: extreme corruption combined with economic stagnation. Like if you're corrupt
45:25
Speaker 1: but the economy still.
45:26
Speaker 2: Grows, maybe they'll tolerate that.
45:29
Speaker 1: If you're not corrupt in this stagnation, maybe they'll tolerate that.
45:34
Speaker 1: But corruption, I mean obvious, explicit, unequivocal corruption where people
45:39
Speaker 1: around the leadership are getting rich, and stagnation and a
45:50
Speaker 1: democratic process where they're still voting, they will rebel. At
45:54
Speaker 1: least that seems to be the evidence from Hungary. And
45:58
Speaker 1: that is good news. That is good news in terms
46:00
Speaker 1: of the rise of the new right all over Europe
46:03
Speaker 1: or the new left all over Europe. But it's more
46:06
Speaker 1: likely the new right will be on the rise, and
46:08
Speaker 1: as they gain power and they become corrupt, which they
46:11
Speaker 1: inherently are, because their whole modus uperandi is is cronyism.
46:19
Speaker 1: As they become corrupt, and as the economic policy fails,
46:23
Speaker 1: as they must because the model is the practical and
46:27
Speaker 1: the economic policy is amorel and wrong and anti free markets,
46:30
Speaker 1: and therefore they will fail.
46:32
Speaker 2: Ultimately they will be voted out.
46:35
Speaker 1: Ultimately they will be voted out. So that is it's
46:38
Speaker 1: a warning warning message to a lot of these far
46:42
Speaker 1: right European political parties out there. Let's see, Okay, let
46:53
Speaker 1: me take a few questions about Auban, because I see
46:55
Speaker 1: there's a bunch of questions about Ouban. Let me start
46:57
Speaker 1: with Danny, who is from Hungary because he paid in
47:02
Speaker 1: Hungarian foreign itt FORNT. I don't know why, why, I
47:08
Speaker 1: know why. Hungry is a good example of why the
47:11
Speaker 1: Euro is good. Right, Hungary is not on the Euro.
47:14
Speaker 1: It has its own currency. Therefore, it has its own
47:15
Speaker 1: central bank printing its own money. And I think the
47:18
Speaker 1: last I looked that had inflation of twenty three percent.
47:21
Speaker 1: Another reason why Obun is gone. Countries do not populations
47:28
Speaker 1: do not tolerate inflation. One thing that people hate is inflation.
47:34
Speaker 1: So you know, the if Hungary had been part of
47:41
Speaker 1: the Euro, he couldn't have inflated, and he couldn't got
47:44
Speaker 1: away with some of the really bad stuff that he did. Right,
47:49
Speaker 1: Not having a central bank that prints money on demand
47:53
Speaker 1: is a real discipline on countries that tend to have
47:58
Speaker 1: corrupt governments, corrupt any responsible governments. So I'm even in
48:06
Speaker 1: that sense, I prefer the Euro to having every country
48:09
Speaker 1: have its own currency, like Montenegro. One of the first
48:12
Speaker 1: things Montenegro could go did when it gained independence was
48:18
Speaker 1: adopt the Euro as its currency, even though it's not
48:21
Speaker 1: a member of the EU. It's just just like Panama
48:25
Speaker 1: and Salvador and Ecuador are all have dollarised economies. They're
48:30
Speaker 1: all on the dollar, which means they only have inflation
48:33
Speaker 1: if the United States of inflation in Montenegro adopted the Euro,
48:39
Speaker 1: which is moderated the craziness that the government can engage
48:45
Speaker 1: in because they don't.
48:46
Speaker 2: Have a printing press.
48:50
Speaker 1: All right, Anyway, Danny asks for the fall of the
48:53
Speaker 1: Ouban regime. At least he did not try to deny
48:56
Speaker 1: the elections Yes to Auban's credit. He there was fear
49:00
Speaker 1: that he would that he would try to deny it
49:03
Speaker 1: claim fraud, but it was so overwhelming, it was so big.
49:09
Speaker 1: He didn't even bother right, he didn't. He called up
49:12
Speaker 1: his opponent and and accepted defeat like like a responsible
49:17
Speaker 1: human being. Maybe Trump could learn something from him. Uh.
49:21
Speaker 1: Then he goes on, may he have fun maintaining his
49:24
Speaker 1: football stadium next to his house with without taxpayer money? Yeah,
49:28
Speaker 1: good luck on that. Although he's stolen so much of it,
49:31
Speaker 1: maybe is enough to be able to do it even
49:33
Speaker 1: without ongoing thievery. Uh let's see if there was Uh. Yeah,
49:46
Speaker 1: Neo Neil Khan says, Oban out of power is very
49:51
Speaker 1: good news for Ukraine. Yes, very good news for Ukraine.
49:53
Speaker 1: This is a he was a real barrier for the
49:55
Speaker 1: for help financial and military from from the EU countries.
50:02
Speaker 1: All right, guys, we're only fifteen dollars away from our
50:07
Speaker 1: first hour goal, so please consider, please consider supporting the
50:11
Speaker 1: show and asking questions. As you can see, I answer
50:14
Speaker 1: all my questions. Don't forget to subscribe if you're not
50:17
Speaker 1: a subscriber, like the show.
50:19
Speaker 2: If you like it but like it, it.
50:21
Speaker 1: Costs you nothing and it helps the algorithm. But please
50:25
Speaker 1: step in and help us out to reach our goal.
50:28
Speaker 1: This is just the first hour goal. We do have
50:30
Speaker 1: a second hour goal as well, and we will be
50:32
Speaker 1: going into the second hour. Let's see. Yeah. Neil Con
50:38
Speaker 1: also says far right backlash to Oban loss isn't policy.
50:44
Speaker 1: Mag Ya, who is the new will be the new
50:47
Speaker 1: Prime Minister mirrors Oban accept corruption and pro Russia stance
50:53
Speaker 1: and maybe a little bit more pro free market. It's ignorant,
50:56
Speaker 1: stupidity and right wing inuencing influencers losing funding. Yes, that's
51:00
Speaker 1: what I said earlier. If I think tanks is Seapack hungry, Yeah,
51:04
Speaker 1: that's another one. Seapack was doing Seapack Hungry because Obon
51:08
Speaker 1: was funding it. Seapack is of course the the conference
51:12
Speaker 1: for conservatives, but it's really become a new right conference
51:18
Speaker 1: really since trump second term. You know, it's gone from
51:22
Speaker 1: Seapack even having you know, free market guys on their agenda,
51:30
Speaker 1: to being pure new right kind of agenda. Seapack is
51:35
Speaker 1: going to lose Seapack Hungry because the new government will
51:38
Speaker 1: not fund Seapack doing something in hungry. I think Maggia,
51:42
Speaker 1: the new Prime Minister said, if Seabac wants to come
51:45
Speaker 1: to Hungry, they're welcome. They just have to pay their way.
51:48
Speaker 1: They're not going to get government money the Hungarians. They're
51:50
Speaker 1: not going to pay an American conservative group to come
51:53
Speaker 1: and do a conference in Hungry. That does not at
51:56
Speaker 1: all so the interests of the Hungarians. So yes, absolutely,
52:01
Speaker 1: Neo Khan, let's say yeah. Nekon also says Peter Magyar
52:07
Speaker 1: former FIDETS that says he's a former He used to
52:11
Speaker 1: be a member of Oban's political party and he left
52:16
Speaker 1: two years ago to start his own party. But policy wise,
52:20
Speaker 1: there's not a huge amount of difference between them. Neo
52:24
Speaker 1: Kan says, left in twenty twenty four mid child abuse
52:27
Speaker 1: scandal allegations and split from wife. I joined Tissa a
52:33
Speaker 1: strong EU election performance in twenty twenty four and now
52:36
Speaker 1: defeated Oban after sixteen years. So yeah, we will see
52:40
Speaker 1: how good Peter Magyar really is once he becomes prime
52:43
Speaker 1: minister and actually starts governing. And again Neo Khan, the
52:49
Speaker 1: Hungarian election could have significant implications for the US, as
52:53
Speaker 1: Ouban has been involved with US right wing think tanks
52:56
Speaker 1: some link to Hungry funded institutions. Like the Danube in
53:00
Speaker 1: this institute. Yes, and again the Americans working in Hungary.
53:05
Speaker 1: It'll be interesting what happens to them. It could be
53:08
Speaker 1: the Hungarian government funded directly some of the new right
53:13
Speaker 1: think tanks in the United States. We'll see what the
53:16
Speaker 1: fallout is in the months to come. It's going to
53:18
Speaker 1: be interesting. Right, Let's see if there's anything else. Oh yeah.
53:23
Speaker 1: Neil Kahn also says I already saw in twenty twenty
53:26
Speaker 1: four that mag Yaw had a strong chance of defeating Oban.
53:30
Speaker 1: He overperformed in the EU election, was charismatic and could
53:34
Speaker 1: appeal even to Oban voters without oppositions and negative baggage. Yeah,
53:39
Speaker 1: that must have happened, because he really did dominate the election.
53:43
Speaker 1: It wasn't close, as I said, so good for him.
53:49
Speaker 1: All right, let's see. Remind you again to ask questions
53:54
Speaker 1: anything you want. The floor is open in terms of
53:58
Speaker 1: the range of questions you can ask, so please do that.
54:02
Speaker 1: We've got about two hundred dollars and ten dollars to
54:05
Speaker 1: raise to make our second hour goal. We'd be going
54:07
Speaker 1: into that second hour.
54:08
Speaker 2: In about five minutes.
54:14
Speaker 1: All right, Let's see a couple of stories about Mamdani
54:21
Speaker 1: Nannie's you know, posting these videos. Uh swamp, I mean
54:25
Speaker 1: he's such a scum, really a kind of a sleazy
54:29
Speaker 1: sales horrible human being. Uh. Anyway, he is just announced
54:35
Speaker 1: together with the Governor of New York that they are
54:40
Speaker 1: that they are going to tax They're going to start
54:42
Speaker 1: taxing people's ultra wealthy second homes where that are in
54:50
Speaker 1: New York State, primarily in New York City where the
54:54
Speaker 1: owner is not living in the home most of the year.
54:59
Speaker 1: So Governor Hokel, too many autro wealthy second homes sit
55:04
Speaker 1: empty most of the year. Part of our skyline, but
55:07
Speaker 1: not part of this city. This is about New York.
55:09
Speaker 1: Anyone treating New York City like an investment should be
55:12
Speaker 1: contributing to what makes it valuable. Well, they are contributing
55:17
Speaker 1: to what makes it valuable. For so they bought this condo,
55:20
Speaker 1: some of them worth one hundred two hundred million dollars.
55:25
Speaker 1: They You don't make a city valuable by paying taxes.
55:30
Speaker 1: They are already paying property taxes. I assume you know
55:34
Speaker 1: to the extent that they have businesses in New York.
55:36
Speaker 1: Many of them do. They're paying business taxes. It's in
55:39
Speaker 1: New York. This idea of which is now really really
55:45
Speaker 1: getting gaining momentum on the left, of just milking the rich,
55:50
Speaker 1: just going after the rich, using people's resentment of hatred
55:54
Speaker 1: of the rich to fund their various programs to fund
55:58
Speaker 1: the ever expanding welfare state. They realize they're running out
56:01
Speaker 1: of other people's money, so they have to keep taxing,
56:05
Speaker 1: keep raising taxes. But they can't raise taxes in the
56:08
Speaker 1: middle class or they'll lose their vote. So all they
56:13
Speaker 1: can do is go after millionaires and billionaires. We saw
56:15
Speaker 1: there in Washington State recently, we're seeing that in California
56:18
Speaker 1: with this threat of a wealth tax passed through referendum.
56:25
Speaker 1: It's just it's just unbelievable. Right again, who is if
56:35
Speaker 1: you buy a second homen New York and you have
56:36
Speaker 1: a second home in New York, who are you hurting exactly?
56:41
Speaker 1: You're not using government services, so you know, what are
56:49
Speaker 1: you doing? Exactly? But it's it's a way to tax
57:02
Speaker 1: millionaires and billionaires without the threat of them leaving the
57:06
Speaker 1: city because if they sell their condo, sell their apartment,
57:10
Speaker 1: somebody will buy it, and if that person doesn't live
57:13
Speaker 1: in it, they'll have to pay the same tax. So yeah, m.
57:24
Speaker 2: I mean people wanting.
57:25
Speaker 1: To buy super expensive properties and then not use them.
57:29
Speaker 1: Why is that? Why is that a problem for the city.
57:32
Speaker 1: They're not using city services again, the paint, property taxes.
57:38
Speaker 1: It's just, you know, we have more runs on the
57:43
Speaker 1: right and more runs on the left. We have Trump
57:46
Speaker 1: and these clowns. That's that's all we have. And if
57:50
Speaker 1: you watch the video of of of Momdani announced this,
57:55
Speaker 1: he's so full of himself. He's he he loves confiscating
58:01
Speaker 1: people's wealth. He goes, ah, you see, I promised I'm
58:04
Speaker 1: getting text to wealthy. Well here's the first one. We're
58:07
Speaker 1: gonna get them.
58:07
Speaker 2: We're gonna get those wealthy people.
58:13
Speaker 1: It's it's pretty disgusting, pretty awful. The second story out
58:23
Speaker 1: of Mamdani is also stupid and awful and moronic and everything,
58:26
Speaker 1: but it's kind of funny too. So Mumdanni has announced
58:31
Speaker 1: that he is fulfilling another of his campaign promises, text
58:35
Speaker 1: the rich. We just heard that the second one was
58:39
Speaker 1: city owned grocery stores. So he's just announced that the
58:43
Speaker 1: first city owned grocery store is going to be in Manhattan,
58:46
Speaker 1: Like every burrow is going to have a city owned
58:48
Speaker 1: grocery store, and The first one is going to be
58:50
Speaker 1: in Manhattan. It's going to cost you know, thirty million
58:55
Speaker 1: dollars and it will open what is it now, twenty
59:01
Speaker 1: twenty six, It will open in twenty twenty nine. Take
59:04
Speaker 1: three years to open it, and he's super excited about it,
59:08
Speaker 1: lowering costs of food and vegetables and service and whatever
59:12
Speaker 1: else you buyd a grocery store for New Yorkers thirty
59:17
Speaker 1: million dollars three years to open. I mean, have you
59:22
Speaker 1: ever been to New York City. There's like a grocery
59:24
Speaker 1: store in every corner there, right aids, you know, pharmacies
59:30
Speaker 1: that also have food stuff and stuff like that on
59:33
Speaker 1: every corner or every other corner where there's no grocery store.
59:39
Speaker 1: There is no shortage of supermarkets. And it's not like
59:42
Speaker 1: it's one company, so there's massive competition. Prices are low
59:47
Speaker 1: relative to rents, and you know that they have to
59:50
Speaker 1: own property in or rent property in New York to
59:53
Speaker 1: run a grocery store, and transportation costs and everything else.
59:56
Speaker 1: Prices are competitively low. But no, we're gonna have a
1:00:00
Speaker 1: New York City owned grocery store there will lose a
1:00:03
Speaker 1: lot of money. Not only will it cost thirty million
1:00:06
Speaker 1: dollars to open, but then it will lose money year
1:00:08
Speaker 1: to year and it will probably be just as expensive
1:00:12
Speaker 1: as every other grocery store. By the way, if you
1:00:15
Speaker 1: wanted to just buy a grocery store in New York
1:00:17
Speaker 1: City right now, right now, it would cost you two
1:00:22
Speaker 1: million dollars. If you wanted to build one, or you know,
1:00:26
Speaker 1: renovate a space to turn into grocery store in New
1:00:28
Speaker 1: York City right now, and you are private, it would
1:00:31
Speaker 1: cost you three million dollars. I don't know what Mumbani
1:00:35
Speaker 1: is building. This is going to be the taj Mahal
1:00:39
Speaker 1: of grocery stores. Grocery stores on steroids. This will be
1:00:45
Speaker 1: you know, it's supposed to be a city run so
1:00:47
Speaker 1: it'll be Greek columns everywhere, and I don't know, gold
1:00:51
Speaker 1: plated shelves. Thirty million dollars to build a grocery store.
1:00:57
Speaker 1: These people are nuts and three years. You could buy
1:01:00
Speaker 1: a grocery store tomorrow and open it next month. You
1:01:03
Speaker 1: could renovate a space and turn it into grocery store
1:01:06
Speaker 1: in a few months. Three years, thirty million dollars. This
1:01:12
Speaker 1: is our socialism, goes bank quote. They have no clue,
1:01:17
Speaker 1: They have no clue, and they have no incentive to
1:01:20
Speaker 1: get a clue, no incentive to get a clue, no
1:01:22
Speaker 1: incentive to figure this out.
1:01:26
Speaker 2: It's not their money, why not spend it?
1:01:29
Speaker 1: Hey, we can tax those billionaires penthouses that they're not
1:01:33
Speaker 1: living in, or they only live in a couple of
1:01:35
Speaker 1: months a year, We'll tax that, and so why why
1:01:40
Speaker 1: not spend Like there's no tomorrow. As long as we
1:01:44
Speaker 1: let them keep taxing us, nothing is going to change,
1:01:54
Speaker 1: all right. It appears that a little bit Yale and
1:02:01
Speaker 1: Harvard figuring out that, Yeah, people don't like them, they
1:02:07
Speaker 1: have a bad rap, and they don't know exactly why.
1:02:11
Speaker 1: I think Harvard has a better clue than Yale. So
1:02:14
Speaker 1: Yale just appointed at ten or not just appointed, just
1:02:17
Speaker 1: got a report from a ten member committee that was
1:02:22
Speaker 1: tasked with assessing academia's role in creating the forces that
1:02:27
Speaker 1: are challenging American colleges and universities. I mean, basically, by
1:02:31
Speaker 1: all accounts, America's trust and belief in our universities is
1:02:36
Speaker 1: at all time lows, you know, and people have a
1:02:41
Speaker 1: discounting the value of a college education dramatically. I mean college,
1:02:47
Speaker 1: particularly the Ivy League, high costs, it's not clear what
1:02:53
Speaker 1: the admission standards are, who gets in, who gets out,
1:02:55
Speaker 1: and who gets in and who doesn't and why uneven
1:03:00
Speaker 1: academic standards within the IVY leagues generally massive grade inflation,
1:03:06
Speaker 1: everybody gets an A will be real fears about free
1:03:11
Speaker 1: speech on campus. Uh. The committee decided that all these
1:03:15
Speaker 1: are real, that they're all problems, and they're all reasons
1:03:18
Speaker 1: why there's massive discon discontent of a higher education's worthiness.
1:03:27
Speaker 1: I mean, this is all motivated by the fact that
1:03:29
Speaker 1: Americans have described, uh, you know, real misgivings about the
1:03:35
Speaker 1: state of academia and uh and its role in the world. Second,
1:03:44
Speaker 1: let's just see where we are. Oh wow, how do
1:03:49
Speaker 1: we get How do we get there? Somebody came in
1:03:51
Speaker 1: with a lot of money. Okay, that's that's there. That's there. Okay,
1:03:55
Speaker 1: Wes did one hundred dollars. Thank you, Wes. While I
1:03:58
Speaker 1: wasn't watching, he one hundred dollars stick. And then we've
1:04:01
Speaker 1: got some fifty dollars questions and we're rocking and rolling.
1:04:04
Speaker 1: This is great. Thank you guys, really appreciate it. All right,
1:04:16
Speaker 1: So the committee wrote that quote, trust is earned by
1:04:19
Speaker 1: doing what you say you're going to do and ideally
1:04:23
Speaker 1: doing it. Well, ooh, what a thought. And they describe
1:04:27
Speaker 1: whitespad and certain be about the fundamental purpose and mission
1:04:30
Speaker 1: of high education. So education is not communicating what its
1:04:36
Speaker 1: goals are, and it's certainly the perception is that whatever
1:04:40
Speaker 1: the goals are doesn't seem to have good results. According
1:04:45
Speaker 1: to this article in the New York Times, universities a
1:04:49
Speaker 1: face pressure to help address society problems. The committee noted
1:04:52
Speaker 1: saying they will quote expected to be all things to
1:04:55
Speaker 1: all people, selective but inclusive, affordable but luxurious, meritocratic by
1:05:00
Speaker 1: inquittible and the professors and the committee added quote without
1:05:05
Speaker 1: a clear mission and purpose, it became difficult to judge
1:05:08
Speaker 1: where the colleges in the universities are living up to
1:05:10
Speaker 1: the fundamental commitments because we don't know what those commitments are.
1:05:15
Speaker 1: I mean, think about it. At Yale undergraduate undergraduate tuition
1:05:20
Speaker 1: before financial aid is ninety thousand dollars. Most people get
1:05:24
Speaker 1: financial aid, what are they actually paying? How much are
1:05:27
Speaker 1: they actually paying? And of course a lot of the
1:05:30
Speaker 1: money they get it they're getting for the government, which
1:05:33
Speaker 1: just gives it without any really standards, without evaluating whether
1:05:38
Speaker 1: this is money well spent. A bank, for example, wouldn't
1:05:41
Speaker 1: lend you money unless they thought you could pay you back.
1:05:43
Speaker 1: The government just pays you for education, whether you're getting
1:05:47
Speaker 1: a degree that will result in a job or not,
1:05:50
Speaker 1: whether you're going to university that is worth it or not,
1:05:53
Speaker 1: whether you're going to get a good return on your
1:05:55
Speaker 1: investment or not.
1:05:58
Speaker 2: That's the problem of government funding education.
1:06:00
Speaker 1: Of course, that is not something the committee looked at
1:06:02
Speaker 1: because that they take for granted as nobody questions that
1:06:06
Speaker 1: nobody would challenge that. Uh So, Yale commissioned the report
1:06:12
Speaker 1: last April basically as the Trump administration was, you know,
1:06:17
Speaker 1: going after they lead universities and uh and we're drawing
1:06:22
Speaker 1: research funds and other funds, and you know, the report
1:06:33
Speaker 1: is suggesting reforms, you know, but these are a minimum
1:06:40
Speaker 1: reforms and they don't go to the heart of the problem,
1:06:43
Speaker 1: the ideological problem, the problem of kind of the corruption
1:06:47
Speaker 1: within the academia, the total domination of the left in
1:06:54
Speaker 1: so many fields, particularly in a school like Yale. There's
1:06:58
Speaker 1: nothing that they talk more about trying to make undergraduate
1:07:02
Speaker 1: admission less or pack or pack more more, you know,
1:07:07
Speaker 1: more decipherable, make the situation costs clearer, and so that
1:07:17
Speaker 1: people know exactly what it's going to cost them actually
1:07:19
Speaker 1: to attend. You know, as the commission wrote, when selective
1:07:23
Speaker 1: admissions seems so inexplicable, or worse, tilted in ways that
1:07:27
Speaker 1: benefit the already advantage, it should come as no surprise
1:07:30
Speaker 1: that Americans do not trust the process.
1:07:31
Speaker 2: So the committee really, you know, is.
1:07:38
Speaker 1: Recommending improving the process. And the best thing about it
1:07:46
Speaker 1: is that one of the recommendations, one of the recommendations
1:07:50
Speaker 1: of the committee is zealously protecting speech. Zealously protecting free speech. Now,
1:07:57
Speaker 1: I don't think they quite understand what free speech means.
1:08:00
Speaker 1: An idea of protecting speech and allowing for diversity of
1:08:03
Speaker 1: points of view, at least among the students is a really,
1:08:08
Speaker 1: really good thing. They're also talking about adjusting grading practices
1:08:12
Speaker 1: and becoming more and more discriminating. That is giving not
1:08:16
Speaker 1: just as and B's so, yeah, academia is starting to
1:08:21
Speaker 1: look at itself and consider real changes to try to
1:08:26
Speaker 1: improve its statue.
1:08:28
Speaker 2: At Harvard at.
1:08:29
Speaker 1: The same time, they're going through the same kind of
1:08:31
Speaker 1: process of examining where they've gone wrong and what are
1:08:34
Speaker 1: the problems. And for them, one of the areas that
1:08:38
Speaker 1: they need improvement is is what's called viewpoint diversity. Their
1:08:44
Speaker 1: faculty is way too monolithic. In response to that, what
1:08:49
Speaker 1: Harvard is doing is it's actually going to donors asking
1:08:54
Speaker 1: them to contribute to make ten million dollar gifts, and
1:08:57
Speaker 1: each ten million dollar these gifts will go to endowed
1:09:01
Speaker 1: professorships with non mainstream viewpoints, on non maybe leftist viewpoints,
1:09:10
Speaker 1: in order to diversify the faculty. I wonder if we
1:09:12
Speaker 1: could get an objectivist endowed professorship at Harvard in the
1:09:19
Speaker 1: name of viewpoint diversity under this program.
1:09:23
Speaker 2: I'll have to ask somebody.
1:09:24
Speaker 1: I have a feeling I could get one of our
1:09:27
Speaker 1: donors to give ten million dollars to Harvard for an
1:09:30
Speaker 1: endowed objectivist professorship. That would be cool. That would be cool.
1:09:37
Speaker 1: It might be worth ten million dollars a one time
1:09:39
Speaker 1: gift to get that done.
1:09:44
Speaker 2: I'll I'll have to follow up with that anyway.
1:09:49
Speaker 1: It looks like higher education is re examining itself, is
1:09:53
Speaker 1: evaluating where it's gone wrong. The backlash is real, and
1:09:59
Speaker 1: you know, we'll see how deep the examination goes, how
1:10:02
Speaker 1: serious it is, whether the faculty there's a backlash fund
1:10:06
Speaker 1: the faculty whose judgments are being questioned now and what
1:10:11
Speaker 1: is the long term outcome up to all this. Okay, Finally,
1:10:18
Speaker 1: an interesting development of the AI fund so AI models
1:10:24
Speaker 1: have been created.
1:10:25
Speaker 2: In particular AI model called Mythos.
1:10:29
Speaker 1: This is an AI model created by Ananthropic. This is
1:10:34
Speaker 1: an AI model that specializes in finding bugs in software.
1:10:40
Speaker 1: Finding bugs in software. Now, the problem is that once
1:10:45
Speaker 1: you find a bug in the software, you can exploit
1:10:49
Speaker 1: that bug to hack into the system. Last month, Mythos
1:10:59
Speaker 1: right were suddenly they unleashed with us on a bunch
1:11:03
Speaker 1: of different programs and with us discovered a whole bunch
1:11:07
Speaker 1: of bugs. And Anthropic was going to make this public
1:11:10
Speaker 1: the software and they decided to withhold it, which is
1:11:14
Speaker 1: an extraordinary act of corporate responsibility. They realized that this
1:11:21
Speaker 1: could result in a massive hacking campaign of private businesses,
1:11:28
Speaker 1: of government, of everything else. And what they decided to
1:11:31
Speaker 1: do with myth Us is instead of unleashing it, getting
1:11:36
Speaker 1: it out there into the public and letting hackers use
1:11:38
Speaker 1: it in order in hack into computer systems all of
1:11:44
Speaker 1: the world, they would actually use with us to let
1:11:48
Speaker 1: companies know about the bugs so that they can be fixed.
1:11:55
Speaker 1: The government cybersecurity people also involved in this. They are
1:12:01
Speaker 1: spooked because they are a bunch of bugs in government programming,
1:12:08
Speaker 1: maybe even in Pentagon programming, in you know, maybe in
1:12:12
Speaker 1: our missile programs, who knows where. So there's a frantic
1:12:17
Speaker 1: effort right now to figure out where these bugs are.
1:12:23
Speaker 1: These are bugs that have existed maybe sometimes thirty forty
1:12:25
Speaker 1: fifty years in programs that were written a long, long
1:12:27
Speaker 1: time ago, and now there's a fantic effort to find
1:12:31
Speaker 1: programmers to fix these bugs. Now again, you can use
1:12:35
Speaker 1: AI to help, but you also need human program programmers
1:12:39
Speaker 1: to follow up to make to test it, to make
1:12:45
Speaker 1: sure AI is doing the job right, to figure out
1:12:50
Speaker 1: whether it's a real bug. This is a big story earlier,
1:12:55
Speaker 1: I think it was last week, but particularly old software,
1:13:02
Speaker 1: the rate at which the bugs are being found is
1:13:05
Speaker 1: pretty astounding. Some people are calling this bug almageddon and
1:13:10
Speaker 1: comparing it to White two K. White two K, they
1:13:13
Speaker 1: was supposed to shut down all the computers in the
1:13:15
Speaker 1: world because the computers were not configured for the year
1:13:18
Speaker 1: two thousand to They only had you know, ninety nine,
1:13:24
Speaker 1: ninety eight, ninety seven, and when two thousand came about,
1:13:27
Speaker 1: they would go zero zero. They think it was nineteen
1:13:29
Speaker 1: hundred and not two thousand. Anyway, I'm again it never
1:13:33
Speaker 1: happened in White two K, but now again people are
1:13:35
Speaker 1: worried about this. For example, bug was found in programming
1:13:40
Speaker 1: that was written in nineteen ninety eight in something called
1:13:44
Speaker 1: open BSD operating system that had to be you know,
1:13:50
Speaker 1: that that had to be fixed. And actually the guy
1:13:54
Speaker 1: who actually wrote the original code discovered there was his
1:13:59
Speaker 1: code that had the bug in it, and it was
1:14:03
Speaker 1: open source. So a lot of a lot of modern
1:14:05
Speaker 1: software is a layer sitting on open source software, and
1:14:11
Speaker 1: a lot of the bugs in the open source layer.
1:14:14
Speaker 1: And now and now, how do you go back there
1:14:17
Speaker 1: and and fix the bugs? And who's going to do
1:14:21
Speaker 1: the work. So there's a mad rush to try to
1:14:25
Speaker 1: figure this out. I'm sure some of you know more
1:14:27
Speaker 1: about this than I do, those of you in the
1:14:29
Speaker 1: computer industry, computers in the programming industry. Uh. And yeah,
1:14:36
Speaker 1: it's gonna be interesting, big story about this in the
1:14:38
Speaker 1: Wall Street Journal. Yeah, I mean, here's a paragraph. Some
1:14:44
Speaker 1: of the greatest riss to companies will likely come from
1:14:47
Speaker 1: dependence and so called open source tools built collaboratively, collaborately,
1:14:53
Speaker 1: often by volunteers who may not have the resources to
1:14:56
Speaker 1: quickly try tryas the bug report the infrastructure underpins much
1:15:03
Speaker 1: of the modern internet. So this is going to be
1:15:08
Speaker 1: really interesting to see. Uh and uh.
1:15:11
Speaker 2: I think companies are going.
1:15:12
Speaker 1: To hire more people as people are being fired because
1:15:16
Speaker 1: of AI. Now they need to be hire people to
1:15:18
Speaker 1: help fix all these bugs that AI is finding. For example,
1:15:24
Speaker 1: Anthropic Software discovered more than one hundred bugs in Firefox browser.
1:15:30
Speaker 1: Uh and uh it could write software, the AI could
1:15:35
Speaker 1: write software to exploit the bug. Now Firefox are other
1:15:42
Speaker 1: measures to prevent to bring anybody from hacking even with
1:15:48
Speaker 1: that bug and exploiting that bug. But not everybody has
1:15:53
Speaker 1: that and and uh you know, so anyway, this creates
1:15:56
Speaker 1: real significant security problems that are challenging software companies all
1:16:04
Speaker 1: over the country. All right, let's see what else I
1:16:12
Speaker 1: want to talk about. I think we'll call that well,
1:16:15
Speaker 1: it's you know, or in our in twenty minutes. Okay,
1:16:17
Speaker 1: we'll call that a day, a night or whatever. You know.
1:16:22
Speaker 1: I could talk about Trump's fight with the Pope, we
1:16:25
Speaker 1: can talk about NATO, but let's call it a night.
1:16:31
Speaker 2: Wow.
1:16:31
Speaker 1: You know, you guys have been very generous, So thank you,
1:16:35
Speaker 1: thank you, thank you, thank you. See, we've got a
1:16:37
Speaker 1: bunch of questions coming in that's terrific. All right. That
1:16:40
Speaker 1: is the news for this Thursday, April sixteenth. All right,
1:16:46
Speaker 1: let me say something quickly about our sponsors and then
1:16:51
Speaker 1: and then we'll take care. We'll move to the super chat.
1:16:53
Speaker 1: Air I is encouraging you to look at ARII Campus
1:16:57
Speaker 1: where a sorry, ari I Live. Our campus an r live,
1:17:01
Speaker 1: where they're offering a variety of different courses on a
1:17:05
Speaker 1: variety of different topics. For example, I next week will
1:17:07
Speaker 1: start a course on the history of the corporation, history
1:17:10
Speaker 1: of business in the United States. Is the corporation a good,
1:17:15
Speaker 1: a model, a market driven for example, corporate business form?
1:17:21
Speaker 1: And how has it performed over the history of the US.
1:17:25
Speaker 1: And how have corporations and business more generally, more broadly,
1:17:29
Speaker 1: how has it evolved? How how's business evolved in the
1:17:34
Speaker 1: United States. We'll talk about anti trust and regulations, how
1:17:37
Speaker 1: start takeovers and consult and monopolies and all that's all
1:17:42
Speaker 1: that good stuff that'll start next week. You can still
1:17:45
Speaker 1: sign up and you can do so at iron Rand
1:17:49
Speaker 1: dot oak slash start here. I think you can get
1:17:52
Speaker 1: a discount on this too. Twenty six ybs ten. That
1:17:56
Speaker 1: disco quote I think will work on iron Rand Live
1:17:59
Speaker 1: as well, and then let me do one more sponsor
1:18:01
Speaker 1: and then we'll do the others and next time. Michael
1:18:04
Speaker 1: Williams is the originator of Defenders of Capitalism Defenders of
1:18:11
Speaker 1: Capitalism dot com. You should check them out, sign up
1:18:15
Speaker 1: on the website for the email for the email newsletter.
1:18:20
Speaker 1: You know, and think about maybe inviting Michael oor me
1:18:22
Speaker 1: because I work for Defenders of Capitalism. Michael o'meife to
1:18:26
Speaker 1: give a talk, to do a seminar for your organization
1:18:31
Speaker 1: around capitalism. I know that I know that Michael is
1:18:36
Speaker 1: that I am here actually in Warsaw as part of
1:18:43
Speaker 1: a free market road show, which is something put on
1:18:47
Speaker 1: by the Austrian Center in Vienna. They do a road
1:18:51
Speaker 1: show around all over Europe. They've done it for twenty years.
1:18:55
Speaker 1: I participated in many of their road shows and you
1:18:58
Speaker 1: travel from city to city to city speaking on free markets.
1:19:02
Speaker 1: The Iman Institute is a partner in this, so is
1:19:06
Speaker 1: Defenders of Capitalism dot com. Michael will be giving a
1:19:12
Speaker 1: number of talks on capitalism, on defending capitalism, defending capitalism properly,
1:19:18
Speaker 1: Maveli at the Femrket road show. If you're in Florida
1:19:26
Speaker 1: you can it's a Long Place on second you can,
1:19:31
Speaker 1: you can check it out. Let me just see where
1:19:33
Speaker 1: they're going to be in Florida. He is going to
1:19:36
Speaker 1: be in Florida. Yeah, Mike's going to be in Washington,
1:19:41
Speaker 1: d C. And Americans for TEXAFM on Wednesday, April twenty
1:19:45
Speaker 1: second in Boca Raton at Florida Atlantic University on Thursday
1:19:50
Speaker 1: the twenty third. Check out Free Market road Show to
1:19:55
Speaker 1: get more details. And if you'd like to attend one
1:19:57
Speaker 1: of those sessions, but you too can invite Michael Owe
1:20:00
Speaker 1: Me to give a talk at your business, your corporation,
1:20:03
Speaker 1: check out Defendersocapitalism dot com. All right, let's turn to
1:20:10
Speaker 1: your questions. Oh reminder, quick reminder, consider becoming a supportive
1:20:16
Speaker 1: of the Iron Bookshow on Patreon dot com. That monthly
1:20:18
Speaker 1: support is incredibly valuable to me. It's predictable, and it
1:20:24
Speaker 1: contributes to my ability to do these shows out whenever
1:20:27
Speaker 1: I can, and to do as many of them as
1:20:30
Speaker 1: as possible. So please consider becoming a regular monthly supportive
1:20:33
Speaker 1: of the Iron Bookshow on Patreon dot com. Just put
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Speaker 1: in youron Book Show on Patreon and it'll just take
1:20:39
Speaker 1: a credit card and you'll charge your credit card every month,
1:20:43
Speaker 1: so please consider doing that. All right, let's see Michael, Well, no,
1:20:48
Speaker 1: I should start with fifty dollars questions, So let me
1:20:51
Speaker 1: do a Michael fifty dollars question. Yeah, there's Michael. Michael says,
1:21:02
Speaker 1: if we're going to criticize the three point eight billions
1:21:05
Speaker 1: sent to Israel, a high tech, liberal democracy and major
1:21:08
Speaker 1: industrial partner with annual investments in the United States exceeding
1:21:11
Speaker 1: twenty four billion, why are they silent about the one
1:21:15
Speaker 1: point five billions sent to a state like Egypt. I
1:21:18
Speaker 1: think it's more like three billion sent to Egypt. I
1:21:20
Speaker 1: may be wrong, but I thought it was three billion
1:21:22
Speaker 1: said to Egypt. You know, the most sophisticated ones will
1:21:26
Speaker 1: say that the only reason we sent the three billion
1:21:28
Speaker 1: to Egypt is because that guarantees peace with Israel. That is,
1:21:33
Speaker 1: in a sense, it's America bribing Israel, bribing Egypt to
1:21:38
Speaker 1: have peace with Israel. So even the one and a
1:21:41
Speaker 1: half billion or the three billions of Egypt is really
1:21:43
Speaker 1: four Israel. I've heard that a lot from that community.
1:21:48
Speaker 1: But yeah, what about all the other foun aid? There's
1:21:51
Speaker 1: tons of foiin aid that is done out there. But
1:21:56
Speaker 1: even if you add up all the foreign aid. It
1:21:58
Speaker 1: is a fraction of a fraction. It's a faction of
1:22:01
Speaker 1: a percent of total government spending. It is you could
1:22:04
Speaker 1: cut it all and it wouldn't really make a dent
1:22:07
Speaker 1: in the deficit. It's really really meaningless. The fact is
1:22:11
Speaker 1: this is all a distraction from the fact that in
1:22:14
Speaker 1: order to really deal with the deficit, you have to
1:22:17
Speaker 1: deal with so security and medicaire. Nobody wants to admit that,
1:22:21
Speaker 1: nobody wants to recognize that, nobody wants to do anything
1:22:23
Speaker 1: about it, and this is the consequence. But look the
1:22:28
Speaker 1: whole emphasis on the three point eight billion given to Israel,
1:22:32
Speaker 1: since Israel all which flows back to the United States
1:22:35
Speaker 1: in the form are purchases from the from American arms manufacturers,
1:22:42
Speaker 1: and all of that investment deployed today to help American
1:22:47
Speaker 1: it's war with ivan so and generally deployed in order
1:22:53
Speaker 1: to fight mutual enemies, Islamist enemies of both the United
1:22:59
Speaker 1: States and Europe and Western civilization more broadly. So three
1:23:02
Speaker 1: point eight billion is very very cheap. It's a very
1:23:08
Speaker 1: very low cost to provide state of the art at
1:23:13
Speaker 1: the front defense from the horrors of Islamism. So the
1:23:19
Speaker 1: only reason they criticize it is not because it's not
1:23:24
Speaker 1: doesn't matter if it the United States. I think it does.
1:23:25
Speaker 2: I think it's a great investment.
1:23:27
Speaker 1: But because they hate Israel, they hate Jews, it's driven
1:23:32
Speaker 1: ultimately by anti Semitism. Now, I would advocate stopping the
1:23:38
Speaker 1: three point eight billion, both because I don't think Israel
1:23:42
Speaker 1: needs the money. I don't think the United States should
1:23:44
Speaker 1: be subsidizing Israel in any way, and I don't think
1:23:47
Speaker 1: it's helpful for Israel to be subsidized. I think it
1:23:49
Speaker 1: hurts Israel as well. I think it's you know, even
1:23:52
Speaker 1: though I think you could view it as an investment
1:23:55
Speaker 1: rather than just a contribution, I think Israel would arm
1:23:58
Speaker 1: itself to the hilt anyway and do all the fighting anyway,
1:24:05
Speaker 1: and this would take take this issue off the table
1:24:08
Speaker 1: for these for these people, all right, thank you, thank
1:24:13
Speaker 1: you Michael for that fifty dollars, and again thank you
1:24:15
Speaker 1: to West for one hundred dollars sticker that made a
1:24:19
Speaker 1: huge difference in getting us the where we need to be.
1:24:23
Speaker 1: I think Michael is also at over one hundred dollars
1:24:26
Speaker 1: given his fifty dollars and multiple twenty dollars questions and
1:24:31
Speaker 1: so on, all right, but let's do some more fifties.
1:24:34
Speaker 1: Author has a two part fifty dollars questions another hundred
1:24:37
Speaker 1: dollars thank you. Author really appreciate that there's a fatialism
1:24:42
Speaker 1: among rejectivists. I find both unwarranted and strange. We're living
1:24:46
Speaker 1: in a time when you could start with nothing and
1:24:48
Speaker 1: create a trillion dollars worth of values like elawn Musk.
1:24:54
Speaker 1: The leverage provided to you intelligence by our technology is
1:24:57
Speaker 1: almost unfathomable. Don't need to zoom that far out for
1:25:04
Speaker 1: trump wocism, putin Hi racism and all the rest as
1:25:10
Speaker 1: a present nuisance rather than a prelude to armageddon. I
1:25:17
Speaker 1: mean this, there's true. There's some truth to what you're saying. Uh.
1:25:22
Speaker 1: We live in the best of times materially and and
1:25:24
Speaker 1: you're absolutely right in terms of the leverage provided to
1:25:27
Speaker 1: intelligence by AI. Invite just the computer, bye bye bye,
1:25:31
Speaker 1: by all these tools that are available to us.
1:25:33
Speaker 2: Now, all of that is true.
1:25:35
Speaker 1: The ability to create wealth, the ability to do startups,
1:25:38
Speaker 1: the ability to uh, you know, there's plenty of jobs.
1:25:42
Speaker 1: The economy is not booming, but it's but it's it
1:25:45
Speaker 1: is chugging along, and there's there's enormous upside to this economy,
1:25:51
Speaker 1: primarily because of the big thuson technology. And then there
1:25:54
Speaker 1: are the big things in biotech that have the potential
1:25:57
Speaker 1: to dramatically extend your life, all of you, guys. And
1:26:03
Speaker 1: it's true that there's a sense in which these people
1:26:07
Speaker 1: are nuisance, but there's a sense in which it's much
1:26:09
Speaker 1: more than a nuisance. Trump Putin, I mean, Putin has
1:26:14
Speaker 1: killed I don't know two million people, well, no, killed
1:26:18
Speaker 1: and injured and maimed well over two million people. If
1:26:21
Speaker 1: he called Russians and Ukrainians, that's more than a nuisance,
1:26:25
Speaker 1: particularly to him, to the people around him. To Russians
1:26:28
Speaker 1: and Ukrainians, is that is destructive, destructive to their lives.
1:26:33
Speaker 1: Their lives don't exist for many of them anymore. Hundreds
1:26:36
Speaker 1: of thousands have died. You know. Trump is making it
1:26:41
Speaker 1: more difficult to succeed. So, yeah, there are lots of opportunities,
1:26:47
Speaker 1: but fewer than there would be otherwise. And at the margin,
1:26:50
Speaker 1: he's making it real tough for people, and for some people,
1:26:55
Speaker 1: he's raised the cost of living. He's he's taxing us
1:27:01
Speaker 1: in destroying our institutions that are going to be necessary
1:27:05
Speaker 1: for good future, that is, for this technology and everything
1:27:10
Speaker 1: to progress and to continue achieving, we're going to need
1:27:13
Speaker 1: those institutions, and if he destroys those institutions, it's going
1:27:16
Speaker 1: to be a lot tougher to look significantly into the
1:27:19
Speaker 1: distance and see good outcomes. You know, in the same
1:27:25
Speaker 1: as tour of wocism, and she and she could go
1:27:28
Speaker 1: to war tomorrow and disrupt a lot of the success
1:27:32
Speaker 1: and a lot of this you know leverage that we have.
1:27:38
Speaker 1: You know, racism doesn't affect most of you, but if
1:27:41
Speaker 1: you're happen to be a minority that's starting to start
1:27:44
Speaker 1: a business and racism is expanding in Silicon Valley, funding
1:27:49
Speaker 1: might be more difficult to achieve. Now. I don't think
1:27:51
Speaker 1: we're there, We're far from that scenario actually happening, but
1:27:55
Speaker 1: you have to be worried about that. So I wouldn't
1:27:59
Speaker 1: say it's a new and I think the problem is
1:28:02
Speaker 1: that certainly Trump Putinikshi have guns, and potentially the racists
1:28:08
Speaker 1: will have guns if they win elections, and potentially the
1:28:12
Speaker 1: wokeism have guns when they win elections. So we can't
1:28:18
Speaker 1: trivialize the power the ability of evil to disrupt our
1:28:24
Speaker 1: lives in significant ways.
1:28:29
Speaker 2: Thank you, Arthur that was very generous.
1:28:31
Speaker 1: Good questions. All right, let's see, all right, back to Michael,
1:28:36
Speaker 1: The deepest form of slavery is the hunger for being
1:28:39
Speaker 1: understood by others. Dostoyevsky. Yeah, I mean I don't like
1:28:43
Speaker 1: that because it's equating physical force slavery with a hunger
1:28:51
Speaker 1: to be understood. It's like the people say, you can't
1:28:56
Speaker 1: be free if you're poor, you can't be free on
1:28:57
Speaker 1: an empty stomach. None of that is true. They're not
1:29:01
Speaker 1: defining the terms what a slavey actually means. Slavery is
1:29:04
Speaker 1: oppression by force, it's forced labor, it's you don't have
1:29:10
Speaker 1: a life not being understood by other people. Move on,
1:29:18
Speaker 1: go find others do. Stevski is a bad guy philosophically,
1:29:22
Speaker 1: a really really bad guy, and I think that is
1:29:24
Speaker 1: a bad statement.
1:29:27
Speaker 2: Michael.
1:29:29
Speaker 1: Are there any third world countries with cold climates? It
1:29:32
Speaker 1: seems only nations with warmer climates have Third World economies.
1:29:37
Speaker 1: The colder climate appear to have all industrialized. Is this
1:29:40
Speaker 1: coincidence or out of necessity? Well, arguably Russia is maybe
1:29:46
Speaker 1: not a third world country, but it's not a first
1:29:48
Speaker 1: World country in Russia's cold. Let's see, a Mongolia is
1:29:56
Speaker 1: pretty cold, and it is a second or maybe third
1:30:00
Speaker 1: world country. North Korea. North Korea is cold, and it
1:30:07
Speaker 1: is a third world.
1:30:08
Speaker 2: Country or fourth world country.
1:30:11
Speaker 1: China, China before liberalization was cold and a third world country.
1:30:17
Speaker 1: Now it's a first second world country. But parts of
1:30:21
Speaker 1: China are really cold. So you know, no, I don't
1:30:25
Speaker 1: think where there's anything to do with it, in other words,
1:30:27
Speaker 1: anything to do with it. Another in Hong Kong it's hot,
1:30:31
Speaker 1: Singapore is hot. So it's all about systems, governments, system
1:30:39
Speaker 1: property rights.
1:30:40
Speaker 2: It's all about culture.
1:30:41
Speaker 1: A culture of that respects individual rights, a culture that
1:30:44
Speaker 1: respects property rights, a culture that embraces individual liberty is
1:30:48
Speaker 1: the culture of that thrives. It's, to some extent an
1:30:52
Speaker 1: accident of history that that started in America and spread
1:30:57
Speaker 1: to the United States to North America more predominantly. You know,
1:31:02
Speaker 1: the biggest pro market revolution right now is happening in Argentina.
1:31:06
Speaker 1: Now it's Argentina hot a cold. Well, it depends where
1:31:09
Speaker 1: in Argentina you go. So I'm you know, I don't
1:31:14
Speaker 1: believe it's got anything to do with climate. Italy relatively
1:31:17
Speaker 1: hot and birth of the Renaissance, so grease hot. Yeah,
1:31:25
Speaker 1: it's problematic, but Greece civilization and it was hot. So no,
1:31:29
Speaker 1: I don't think there's a link between and the Arab world.
1:31:32
Speaker 1: If you think about the Islamic you know, Renaissance or
1:31:36
Speaker 1: enlightenmental or just Golden Age, it's probably non Enlightenment. It
1:31:40
Speaker 1: was Golden Age. It was hot, and yet they had
1:31:45
Speaker 1: a Golden Age. So I don't think it's related to weather. Michael.
1:31:49
Speaker 1: Do we have a population that has turned against economic freedom?
1:31:53
Speaker 1: How does this contrast with the population in the eighties
1:31:56
Speaker 1: and nineties. It's amazing how quickly things can change for
1:31:59
Speaker 1: the worst. Yes, So I think the population has turned
1:32:02
Speaker 1: against economic freedom. I think they're much more antagonistic the
1:32:06
Speaker 1: economic freedom than they were in the eighties and nineties.
1:32:09
Speaker 1: I think a lot of that has to do with
1:32:10
Speaker 1: the financial crisis and the lessons learnt supposedly fund the
1:32:14
Speaker 1: financial crisis. The blamed the blame was put on on
1:32:18
Speaker 1: on economic freedom, and yes, things can things can change
1:32:23
Speaker 1: very very very quickly, unfortunately, uh, and and often often
1:32:28
Speaker 1: for the worst. So yep. But it's it's definitely worse
1:32:35
Speaker 1: uh than then back then. It's the power of ideas, uh,
1:32:39
Speaker 1: you know, the rotten ideas in the culture interpreted the
1:32:42
Speaker 1: financial crisis, blamed everything on capitalism, and the consequence of
1:32:45
Speaker 1: that is a mistrust and uh in a rejection of
1:32:50
Speaker 1: a capitalist economy. Mister, it's smock something that we're waiting
1:33:01
Speaker 1: for you in Puoto. I'm coming. I promise, I'm coming.
1:33:03
Speaker 1: I'll be there tomorrow opening banquet. I'll be there.
1:33:08
Speaker 2: Well, I mean, I don't know.
1:33:09
Speaker 1: I mean I assume my plane will be on time,
1:33:12
Speaker 1: it won't be canceled, and I'll make it all my
1:33:16
Speaker 1: flights so far being on the money, Catherine, do you
1:33:21
Speaker 1: think Iran could fall in big anarchist chaos if the
1:33:25
Speaker 1: commentary regime falls, is a peaceful transfer to another regime realistic? Yeah,
1:33:29
Speaker 1: I think so. I don't see why not. Persia has
1:33:34
Speaker 1: always been a conglomeration of a variety of different people.
1:33:38
Speaker 1: Now it could be that there will be a civil
1:33:40
Speaker 1: war between the people who want to establish freedom and
1:33:44
Speaker 1: the remnants of the IRGC, But it's not going to
1:33:48
Speaker 1: be anarchist chaos of every ethnic group. I mean a
1:33:50
Speaker 1: lot of people are trying to argue that that is
1:33:53
Speaker 1: the case, but there's no basis for that. In Iranian
1:33:55
Speaker 1: or Persian history, they usually come together and unite. There's
1:34:00
Speaker 1: a massive interest in all these different ethnic groups to unite.
1:34:05
Speaker 1: I don't think there's a real interest in a massive
1:34:07
Speaker 1: civil war and many independence movements. I think ultimately they
1:34:11
Speaker 1: all want to be part of a central government, and
1:34:14
Speaker 1: most of them would prefer that the central government be
1:34:18
Speaker 1: friendlier to individual liberty than the government is right now.
1:34:23
Speaker 1: Not all of them, but many of them.
1:34:26
Speaker 2: Not Javi Algorithm.
1:34:27
Speaker 1: Do many young objectivists want to be aggressive and change
1:34:31
Speaker 1: the world quickly? An Aari, while trying to be realistic,
1:34:35
Speaker 1: extinguishes their militant enthusiasm. I don't know. I mean no,
1:34:43
Speaker 1: I don't think that's true. I don't know. I'm sure
1:34:47
Speaker 1: many young objectives want to be aggressive and change the
1:34:49
Speaker 1: world quickly, Okay, I mean I don't think they know how.
1:34:55
Speaker 1: I don't think they're the capability or the knowledge to
1:34:57
Speaker 1: do it. But nobody's stopping them from trying. And AI
1:35:03
Speaker 1: does not extinguish anybody. I mean, if somebody, if somebody
1:35:07
Speaker 1: is not very knowledgeable or not a good ambassador.
1:35:13
Speaker 2: Of objectivism, a I.
1:35:15
Speaker 1: Will say so, But AI has no way to extinguish someone.
1:35:18
Speaker 1: If somebody starts a YouTube channel or does a podcast
1:35:22
Speaker 1: or goes out and tries to speak on I mean,
1:35:24
Speaker 1: we can't stop them, there's no I don't have a
1:35:27
Speaker 1: mechanism to prevent people from doing that. Gopher it. But
1:35:32
Speaker 1: if somebody is misrepresenting objectivism or just not very good,
1:35:36
Speaker 1: we might comment on that, we might say that we
1:35:38
Speaker 1: might not support them, But that's not the same as
1:35:41
Speaker 1: extinguishing them. I don't know if anybody that's been extinguished
1:35:45
Speaker 1: by air I not your average algorithm. Trying to teach
1:35:50
Speaker 1: someone who doesn't want to learn isn't just annoying, its delusional.
1:35:55
Speaker 1: I think that's right. I think that's right.
1:35:58
Speaker 2: It's part of the problem.
1:35:59
Speaker 1: Most people don't think they need to they want they
1:36:01
Speaker 1: need to learn, and they feel they're not a very
1:36:03
Speaker 1: receptive audience when you try to teach them.
1:36:07
Speaker 2: Hupper Campbell.
1:36:07
Speaker 1: Can you find happiness living with a severe disability physical
1:36:11
Speaker 1: and mental? If not, would euthanasia still be rights violation
1:36:16
Speaker 1: if the person couldn't commit suicide on his own. Can
1:36:21
Speaker 1: you find happiness living with a severe disability?
1:36:23
Speaker 2: I think yes.
1:36:24
Speaker 1: I mean it would be limited by the pain that
1:36:29
Speaker 1: you suffer and by the disability, by inability to do
1:36:31
Speaker 1: certain things, but you still could find happiness at some level.
1:36:37
Speaker 1: I think that's your physical and mental mental Again, depending
1:36:40
Speaker 1: on the extent of the disability, and depending on how
1:36:46
Speaker 1: much pain was involved and how you know whether you
1:36:50
Speaker 1: were free from pain enough time to be able to
1:36:52
Speaker 1: achieve happiness. And for those who are not, Yeah, euthanasia
1:36:58
Speaker 1: is not a vice, writes violation. And if the person
1:37:00
Speaker 1: wants to die and you're just helping them do something
1:37:05
Speaker 1: they clearly and equivocally have documented that this is what
1:37:09
Speaker 1: they want. Helping them get it done is not a
1:37:11
Speaker 1: right violation. You're fulfilling their wish and it's not an
1:37:16
Speaker 1: irrational wish. It's a rational wish that you're fulfilling. So
1:37:19
Speaker 1: I wouldn't consider it a right violation. It's illegal today
1:37:22
Speaker 1: in the world, but I don't think it's a right violation. Liam.
1:37:27
Speaker 1: When the far left and far right meets Jews become
1:37:30
Speaker 1: the target, Yes, it's quite remarkable how these two groups
1:37:34
Speaker 1: are united on this issue and no other issue. Well,
1:37:37
Speaker 1: it's not true. They're united on the fundamental issue. The
1:37:41
Speaker 1: fundamental issue is collectivism. That's the fundamental that unites them,
1:37:45
Speaker 1: and that's the important thing that unites them, and that
1:37:47
Speaker 1: makes them more similar than different. And then one consequence
1:37:53
Speaker 1: of collectivism is to look for group to scapegoat, and
1:37:57
Speaker 1: the Jews are convenient for both fall left and fall right.
1:38:01
Speaker 1: But it's the collectivism that is the fundamental evil, and
1:38:04
Speaker 1: it's the fundamental similarity. It's what makes them the same
1:38:07
Speaker 1: in a philosophical sense.
1:38:10
Speaker 2: Everything else is just details.
1:38:14
Speaker 1: Liam. It's insane how alone Ben Shapiro is.
1:38:17
Speaker 2: Everyone he hired.
1:38:20
Speaker 1: That became famous due to his platform has become an
1:38:23
Speaker 1: anti Semitic, white Christian nationalist. Yeah, I mean, I don't
1:38:27
Speaker 1: know that everybody, I mean, Clavan is still there, and
1:38:31
Speaker 1: I don't know that I'm ready to say that Matt
1:38:33
Speaker 1: walshon and knows anti semitic. There's certainly white nationalists or
1:38:37
Speaker 1: Christian nationalist anyway, if not white, But I don't know
1:38:40
Speaker 1: they're anti Semitic. You know, the people he still has
1:38:43
Speaker 1: on his platform are probably pretty careful not to express
1:38:46
Speaker 1: anti Semitic views.
1:38:48
Speaker 2: But yes, Ben Shapiro is fairly alone.
1:38:52
Speaker 1: And that's I mean malk Levin, it's Ben Shapier, Malklevin.
1:38:55
Speaker 1: And that's because the Jews, they care about Israel, they're
1:38:58
Speaker 1: fighting for Israel, but on many, many, many other issues
1:39:01
Speaker 1: they're damn wrong, and they're dramatically flawed. And they made
1:39:06
Speaker 1: the bed that they are laying in. That is, they
1:39:11
Speaker 1: facilitated their enemies. They embraced National Conservatism, they embraced the
1:39:17
Speaker 1: New Right before it turned antisemitic and anti Israel. They
1:39:22
Speaker 1: embraced it. And then they suddenly realized a monster that
1:39:26
Speaker 1: they had embraced, and they they're trying to distance themselves
1:39:28
Speaker 1: from them. But as I said in the past, I
1:39:32
Speaker 1: part of the blame for all this is the fact
1:39:34
Speaker 1: that Ben Shaba would not criticize Trump the way he
1:39:36
Speaker 1: should have been criticized, as backed him, even when he
1:39:39
Speaker 1: knew Trump was a moel, you know, in order to
1:39:44
Speaker 1: keep his audience, backed the national conservative movements. And this
1:39:50
Speaker 1: is true of HARAZONI as well, backed the National Conservative movement,
1:39:54
Speaker 1: created it and then surprised the price they turned against you.
1:39:57
Speaker 1: Yestionalism collectivism will almost always be anti Semitic, So surprise, surprise, okay.
1:40:13
Speaker 1: Vicklam says, I have a very poor impression of Heseth,
1:40:16
Speaker 1: especially from the early days of this administration. Yet of late,
1:40:20
Speaker 1: in press briefings for the Iran war, he puts things
1:40:22
Speaker 1: in ways that has me nodding my head. Vigorously in agreement.
1:40:27
Speaker 1: He sounds uncompromising common please, Yes, he's a religious nut
1:40:32
Speaker 1: and religious not so often uncompromising. They want total war,
1:40:37
Speaker 1: which is good, but for all the wrong reasons. And
1:40:41
Speaker 1: you know he isn't not. You know, he's fired more generals.
1:40:45
Speaker 1: I think in his term that all presidents of World
1:40:48
Speaker 1: War two combined, I think something like that. He is
1:40:52
Speaker 1: a nut. He's a bad guy. He's a bad influence
1:40:55
Speaker 1: because while he once in a while says things that
1:40:58
Speaker 1: are true, in particular when it comes to warriors, in
1:41:01
Speaker 1: particular when it comes to winning wars, his motivation is
1:41:05
Speaker 1: reasoning is all based on mysticism, on religion, and in
1:41:10
Speaker 1: that sense he gives fighting a proper war and winning
1:41:16
Speaker 1: a bad name. So, yes, bad people can sometimes sound
1:41:21
Speaker 1: really good on particular issues. Don't let that distract you
1:41:28
Speaker 1: from the fact that people like hegstath authoritarians, the mystics,
1:41:36
Speaker 1: their ultruists in the sense that they're quite happy to
1:41:39
Speaker 1: sacrifice you to them. They're exploiters, and they do so
1:41:47
Speaker 1: in hexsess case, in the name of religion, in the
1:41:50
Speaker 1: name of Christianity. Christianity has often been used as a
1:41:54
Speaker 1: justification for horrific violence. That's the Hegseth type of Christian Michael.
1:42:02
Speaker 1: A lot of communists in Germany became Nazis once they
1:42:06
Speaker 1: saw it was more effective strategy to achieve totalitarianism. Will
1:42:10
Speaker 1: left us in this country morphed into MAGA adjacent force, Well,
1:42:15
Speaker 1: it's hard to tell. I don't think it'll quite happen
1:42:18
Speaker 1: that way, but I do think that both MAGA and
1:42:21
Speaker 1: the left and some of the left will ultimately morph
1:42:26
Speaker 1: into some new form that we're not familiar with yet,
1:42:30
Speaker 1: some form of nationalism, some form of religiosity combined with environmentalism.
1:42:36
Speaker 1: I think MAGA plus the far left will morph into
1:42:43
Speaker 1: something new that will be much more authoritarian. We will see.
1:42:48
Speaker 1: That's been my prediction for the last fifteen years, and
1:42:52
Speaker 1: I still expect that to happen. But we'll see. It's
1:42:55
Speaker 1: really hard to tell how to look into the future,
1:42:57
Speaker 1: and certainly had impossible to tell the time timescale for
1:43:01
Speaker 1: these changes. Is it's going to be.
1:43:07
Speaker 2: Up a gamble.
1:43:08
Speaker 1: Do a lot of miserable people not recognize they're miserable
1:43:12
Speaker 1: because stress and hate is all that's ever been around them.
1:43:16
Speaker 1: I mean, maybe or maybe they still recognize there miserable
1:43:19
Speaker 1: but don't have a clue about what to do with it,
1:43:22
Speaker 1: or just consider it the normal state of life, the
1:43:25
Speaker 1: normal state of human beings, so they don't even try
1:43:28
Speaker 1: to do anything about it because this is just how
1:43:31
Speaker 1: life is. This is just life. There's nothing to do,
1:43:42
Speaker 1: all right, Let's see Michael again at this point. Are
1:43:46
Speaker 1: the Arab states more closely aligned with Israel or you on? Well,
1:43:49
Speaker 1: Israel suddenly the Golf Arab states, Yeah, but I'd say
1:43:54
Speaker 1: most of the Arab states, yeah, in the Gulf a
1:43:59
Speaker 1: much to the Israel right now, not just sirie Is.
1:44:02
Speaker 1: I'm not sure Iraq is series more aligned with Israel
1:44:05
Speaker 1: than Iran, but I don't think it's aligned with either
1:44:07
Speaker 1: one of those eleven. It is more aligned with Israel.
1:44:10
Speaker 1: Iraq is probably split. But Saudi Arabia, Bahrain, Quait, you
1:44:17
Speaker 1: are e those all aligned with Israel. The rational IP
1:44:23
Speaker 1: looking forward to seeing you in Porto tomorrow, Meto, looking
1:44:27
Speaker 1: forward to it. Michael, will you be doing a fourth
1:44:30
Speaker 1: July fourth yb a show, barbecue meet up with all
1:44:33
Speaker 1: your fans. I'll be doing a show. I think I'll
1:44:37
Speaker 1: be doing a show on the fourth of July. O'conn
1:44:40
Speaker 1: is not on over the funth of July or changed
1:44:42
Speaker 1: this year, so I will be home and I'll be
1:44:46
Speaker 1: able to do a show. So yeah, I expect so,
1:44:49
Speaker 1: so hopefully you guys will all join me and we'll
1:44:52
Speaker 1: barbecue together over zoom over yep over YouTube not too
1:44:59
Speaker 1: miss underestimate. Would it be worth it for Iran to
1:45:04
Speaker 1: drain oil into the ground or ocean to keep the
1:45:07
Speaker 1: wells pumping pressure back on allies? Well, it wouldn't put
1:45:12
Speaker 1: pressure back on allies because they'd still be losing huge
1:45:15
Speaker 1: amounts of funds. I don't know enough about the economics
1:45:17
Speaker 1: of well drilling and well maintenance to know what the
1:45:22
Speaker 1: optimal strategy is. I doubt that putting it back into
1:45:26
Speaker 1: the ground because it's very difficult to extract it. It's
1:45:28
Speaker 1: very difficult to control the process of doing that. But
1:45:32
Speaker 1: I don't know. I mean, we'd have to ask like
1:45:34
Speaker 1: an oil well expert. Maybe Alex Epstein would know newly
1:45:40
Speaker 1: Dan collectivist words are appealing. Collectivist words are appealing but
1:45:47
Speaker 1: can not be understood.
1:45:49
Speaker 2: How can these.
1:45:50
Speaker 1: Collectivist tropes be exposed? Well, the only reason they're appealing
1:45:55
Speaker 1: is because they leverage altruism. Collectivism is and I'll go
1:46:00
Speaker 1: through altruism, and what makes them appealing is altruism. So
1:46:04
Speaker 1: the only way to show how evil they are is
1:46:10
Speaker 1: by challenging altruism, and that, of course, is very, very
1:46:13
Speaker 1: difficult in a culture that still views altruism as the
1:46:16
Speaker 1: only moral alternative, the only moral system. Uh fedrate Federate.
1:46:28
Speaker 1: How would you feel about having your image and likeness
1:46:31
Speaker 1: made to sing and dance in a music video?
1:46:35
Speaker 2: I don't think i'd like it.
1:46:37
Speaker 1: I don't think i'd like it.
1:46:39
Speaker 2: I mean, I don't mind.
1:46:41
Speaker 1: My image and voice being made to give lectures AI lectures,
1:46:45
Speaker 1: I guess, so I don't mind it AI doing things
1:46:50
Speaker 1: that I would do anyway, But to do something that
1:46:52
Speaker 1: I wouldn't do would just be weird for me, so
1:46:56
Speaker 1: I wouldn't like it. Oops James. Once people are no
1:47:03
Speaker 1: longer ashamed of being racist, will widespread violence ensure? I mean,
1:47:12
Speaker 1: maybe we could see racist violence ensuing. I still think
1:47:17
Speaker 1: it's just a minority of people who are willing, who
1:47:20
Speaker 1: are unashamed of racism, of their racism, and would be
1:47:25
Speaker 1: willing to engage in violence.
1:47:27
Speaker 2: But I certainly think it's possible.
1:47:29
Speaker 1: I don't think it would be widespread, though, because I
1:47:31
Speaker 1: don't think it's widespread. I don't think it's that widespread,
1:47:39
Speaker 1: this lack of shame in racism.
1:47:43
Speaker 2: Yet maybe in the future it will be.
1:47:45
Speaker 1: I don't know, all right, James, how many centuries do
1:47:50
Speaker 1: you have to repeat cosion because of societies to discover
1:47:54
Speaker 1: they do not work? Well? What do you mean they
1:47:57
Speaker 1: do not work? If the purpose is cosion? They work fine.
1:48:00
Speaker 1: So you know it's work by what standard, work by
1:48:05
Speaker 1: what measure? And that's the problem. The problem is we
1:48:08
Speaker 1: don't have the right measure. If the measure of human flourishing. Sure,
1:48:11
Speaker 1: but what we have to do is convince people of
1:48:14
Speaker 1: that that is the right measure.
1:48:16
Speaker 2: How long it will take I do not know.
1:48:18
Speaker 1: Hopefully not centuries, hopefully decades. Michael, do geniuses have a
1:48:24
Speaker 1: hard time registering that other people are not geniuses?
1:48:27
Speaker 2: Seem like Grant had that issue.
1:48:29
Speaker 1: I think so. I think so, particularly geniuses like grand
1:48:34
Speaker 1: who are generalists. I think in Einstein kind of gets
1:48:37
Speaker 1: it because nobody else can do the math. But for Rand,
1:48:41
Speaker 1: her genius was in understanding the world around all of us,
1:48:46
Speaker 1: accessible to all of us, and I think she had
1:48:49
Speaker 1: a hard time understanding that other people just didn't have it,
1:48:53
Speaker 1: couldn't do what she did. Arthur says, do you think
1:48:59
Speaker 1: you are some I don't know what that means. I
1:49:03
Speaker 1: don't know what that means somebody a celebrity. I'm what
1:49:08
Speaker 1: my wife calls a mini celebrity. Sometimes when people come
1:49:13
Speaker 1: up to me at airports and say, hey, you're you're
1:49:16
Speaker 1: on book. I watch your views on YouTube, I think, oh,
1:49:18
Speaker 1: I'm a mini celebrity. But I don't know what a
1:49:21
Speaker 1: somebody is. I'm who I am. I am me. Any tips,
1:49:26
Speaker 1: this is a Daniel Any tips the first time in Florence.
1:49:30
Speaker 1: Day trips are welcome to six and a half days. Yeah,
1:49:33
Speaker 1: I mean you're gonna you're gonna be six and a
1:49:35
Speaker 1: half days every day. You can find stuff to do
1:49:40
Speaker 1: in Florence. That'll that'll be really amazing. Uh, day trips
1:49:44
Speaker 1: out of Florence. I wouldn't do that on your first
1:49:49
Speaker 1: trip to Florence. There's just so much to see. Go
1:49:52
Speaker 1: up and see the view from Michelangelo's Plaza where there's
1:49:59
Speaker 1: a copy of the David. It's up on a hill
1:50:02
Speaker 1: overlooking Florence.
1:50:03
Speaker 2: The view there's amazing.
1:50:05
Speaker 1: Go at sunset there where you'll see the view sunset,
1:50:10
Speaker 1: sunset in Florence. Has this amazing light, you know, and
1:50:15
Speaker 1: and you know it's a golden light and the city
1:50:19
Speaker 1: is beautiful. At sunset there there's a lot of people,
1:50:22
Speaker 1: so expect large crowds, but it's worth it. And then
1:50:26
Speaker 1: stay to see Florence. So you'll see Florence in the
1:50:29
Speaker 1: day at sunset and then.
1:50:31
Speaker 2: At night it's really beautiful.
1:50:34
Speaker 1: Go to the Academia, go to the Fez Sea, do
1:50:39
Speaker 1: the tunnel of the new Fez Sea to the I
1:50:43
Speaker 1: forget the palace that you go to. The palace that
1:50:47
Speaker 1: you go to has a number of museum There's a
1:50:50
Speaker 1: museum they called the Modern Art Museum that is not
1:50:55
Speaker 1: modern art in the sense of the twentieth century art.
1:50:58
Speaker 1: It's modern art in the sense that it's Renaissance and
1:51:01
Speaker 1: it has some beautiful, amazing stuff in it, including paintings
1:51:05
Speaker 1: by Raphael who is from the Renaissance. So definitely go
1:51:10
Speaker 1: to what's called the Modern Art Museum in Fluence. It's
1:51:13
Speaker 1: it's at the museum that is connected. It's the it's
1:51:18
Speaker 1: the Medici, the Medici Palace. They's just a lot of museums.
1:51:22
Speaker 1: Try try to check them all out. There's a museum
1:51:26
Speaker 1: God which I cannot remember its name now, but it
1:51:28
Speaker 1: has Michelangelo's Bajos, and if it like has three Michelangelists,
1:51:34
Speaker 1: it has Raphael's David. You definitely should see Rafel's David.
1:51:39
Speaker 1: So that's a museum. Go inside the Balazzo Vecchio Vecho,
1:51:49
Speaker 1: inside the palace. There there's some amazing and interesting sculptures
1:51:54
Speaker 1: and paintings, and just the hall there is stunning. Uh.
1:51:58
Speaker 1: There's a place where Michelangelo designed the staircase, which is
1:52:01
Speaker 1: definitely worth going to see the architecture.
1:52:06
Speaker 2: I said that the Academia where you can see the David.
1:52:08
Speaker 1: You might want to go there twice. There's so many
1:52:13
Speaker 1: churches that are just worth visiting, uh to see the art.
1:52:18
Speaker 1: And then there's one church where you will find the
1:52:21
Speaker 1: grave of Michelangelo, of Galileo, of of just just a
1:52:26
Speaker 1: bunch of famous Italian contributors to the Renaissance, and and
1:52:31
Speaker 1: uh and and more. You know, I think Fermi is there,
1:52:36
Speaker 1: the scientist. So and I forget the name of the church,
1:52:42
Speaker 1: the courtier. I think maybe there's another. The churches. There's
1:52:47
Speaker 1: a church.
1:52:48
Speaker 2: Yeah, So just visit churches. Spend a day just walking
1:52:52
Speaker 2: through the churches.
1:52:53
Speaker 1: So there's just six and a half.
1:52:54
Speaker 2: Days, we'll go like that influence.
1:52:59
Speaker 1: Up a Campbell. People say they hate billionaires, but more
1:53:04
Speaker 1: billionaires exist. Ever, people say they hate socialism, but social
1:53:10
Speaker 1: security and welfare only grow. We're a very bipolar population. Well,
1:53:16
Speaker 1: I mean people hate billionaires, that doesn't prevent them from
1:53:19
Speaker 1: being created. The day will come, well we'll guillotine billionaires
1:53:23
Speaker 1: and then their numbers will grow smaller. We haven't got
1:53:26
Speaker 1: to that level of hatred yet, but we're heading in
1:53:28
Speaker 1: the direction. It seems to me Rude Downs putting military
1:53:35
Speaker 1: strategy aside. Can you explain why dropping nukes would be
1:53:39
Speaker 1: justified in this war. I'm not saying we should, but
1:53:42
Speaker 1: if a weapon helps any war effort, it should be considered.
1:53:46
Speaker 2: Yeah, I definitely considered. It would shorten the war.
1:53:49
Speaker 1: It would dramatically, just like it didn't Hoshi and Nagasaki
1:53:53
Speaker 1: shock the Uranian regime into possibility of surrender. Now it
1:53:58
Speaker 1: might not have that effect. Or alternatively, use a tactical
1:54:03
Speaker 1: nuke to destroy the tunnel systems. Maybe a nuke could
1:54:10
Speaker 1: penetrate the granite and actually destroy the missile bases and
1:54:15
Speaker 1: the tunnels, and maybe nuke the nuclear you know, the
1:54:21
Speaker 1: enriched uranium. So those are the kind of uses one
1:54:24
Speaker 1: would consider for a nuclear bomb, probably a tactical nuke
1:54:29
Speaker 1: rather than a big hydrogen bomb, but still those are
1:54:33
Speaker 1: the kind of things that you would think about and
1:54:35
Speaker 1: consider what would be the cost radiation, loss of life
1:54:42
Speaker 1: versus what are the benefits? Maybe shortening the warm maybe not,
1:54:46
Speaker 1: it's hard to tell, but certainly destroying their missile capabilities
1:54:49
Speaker 1: much faster and much more effectively and permanently, potentially hapercambell
1:54:54
Speaker 1: have intellectual successfully turning competence into a virtue is the
1:54:58
Speaker 1: rise of nationalism and toxic maxim sculinity a flawed way
1:55:01
Speaker 1: of pushing back against it. Ah, Yes, they've turned the
1:55:06
Speaker 1: competence into a virtue, but you know a lot of
1:55:09
Speaker 1: things they've they've done badly, and certainly they undermine rationality,
1:55:17
Speaker 1: undermine the mind, and undermined masculinity in any kind of form.
1:55:21
Speaker 1: And the rise of nationalism and toxic masculinity is indeed
1:55:24
Speaker 1: a flawed way of pushing back against merit. What they
1:55:27
Speaker 1: call meritocracy, a merit based society, a society based on ability.
1:55:32
Speaker 1: So what they're really undermining is ability and uh and uh.
1:55:38
Speaker 1: Nationalism and toxic masculinity are definitely a pushback against it.
1:55:42
Speaker 1: Dramatically flawed, pushed back against it, but a push back
1:55:45
Speaker 1: against it, not to have a juggle with it. It's
1:55:48
Speaker 1: not cost end gay end goal, a second Holocaust, or
1:55:52
Speaker 1: to have Jews remove from America, or just more cotton
1:55:55
Speaker 1: money to continue fund his lavish lifestyle. I think it's
1:55:58
Speaker 1: probably the more cats our money, or maybe it's just
1:56:02
Speaker 1: I don't think he thinks that fall. I don't think
1:56:04
Speaker 1: he thinks. I think he's just doing it. He believes it.
1:56:07
Speaker 1: I think it's not just Kata. I think he believes it.
1:56:11
Speaker 1: He's just filled with hate. But I don't think he
1:56:14
Speaker 1: imagines a second Holocaust. He would certainly deny that that
1:56:19
Speaker 1: was his motivation. I don't think he believes the Jews
1:56:21
Speaker 1: should be removed from America. He can't bring himself to
1:56:24
Speaker 1: think that. I think he would then contemplate his own evil,
1:56:28
Speaker 1: which is too hard for him to do. I think
1:56:30
Speaker 1: he just spouts ideas without thinking about what they actually
1:56:33
Speaker 1: mean and what they actually imply in his own mind.
1:56:36
Speaker 1: He's just asking questions, he's evading. But I don't think
1:56:40
Speaker 1: he holds it in consciousness. Kabutaka something like that. Why
1:56:48
Speaker 1: you po EU. I'm pou because the idea of a
1:56:53
Speaker 1: large territory that has free movements of people and a
1:56:57
Speaker 1: free movement of capital and of goods is a spectacularly
1:57:02
Speaker 1: good idea, and the bigger that territory is the better.
1:57:06
Speaker 1: And the EU has taken a bunch of countries that
1:57:09
Speaker 1: have generally in a general sense, a very similar culture
1:57:14
Speaker 1: and basically allowing people to move any way they want
1:57:18
Speaker 1: within their territory.
1:57:19
Speaker 2: I wish there was more of that.
1:57:21
Speaker 1: Uh and and integrate economically, and again I wish there
1:57:24
Speaker 1: was more of that. Unfortunately, because it's not a federal system,
1:57:30
Speaker 1: there's not a there's not enough integration. But you know,
1:57:36
Speaker 1: I think that we're all served economically and from the
1:57:40
Speaker 1: perspective of freedom and liberty when we can travel freely,
1:57:44
Speaker 1: trade freely, move our money freely, share a common currency
1:57:51
Speaker 1: so that so that everything is denominated in the same
1:57:54
Speaker 1: in the same approximate way. There's massive benefits for you
1:58:00
Speaker 1: to be able to travel into Sweden and go to Denmark,
1:58:03
Speaker 1: or go to Paris, or go to Madrid, or not
1:58:05
Speaker 1: have passports and not have visas and be able to
1:58:09
Speaker 1: use the money use. Now, in no way it's not
1:58:12
Speaker 1: the case because you have your own currency, but if
1:58:13
Speaker 1: you had the Euro, use the same money in no
1:58:15
Speaker 1: way as you would in Paris, and understand exactly what
1:58:19
Speaker 1: you're paying for and exactly how much it costs, and
1:58:21
Speaker 1: be able to do business across these borders freely and effortlessly.
1:58:29
Speaker 1: I think it's a great idea. Now it's being perverted
1:58:32
Speaker 1: by statism, by too much regulations, too many controls coming
1:58:35
Speaker 1: down from Brussels, too much bureaucracy. But that's a perversion
1:58:39
Speaker 1: of a good idea. The EU fundamentally is a good idea.
1:58:42
Speaker 1: What you need to do is fight for the good
1:58:45
Speaker 1: in it, you know. I think Brexit was a massive mistake.
1:58:48
Speaker 1: You're seeing that Britain is struggling post Brexit, you know,
1:58:57
Speaker 1: and they're struggling because they've lost the free flow of
1:59:00
Speaker 1: trade and free flow of capital and even the free
1:59:03
Speaker 1: flow of people. They're much more relying now on Muslims
1:59:07
Speaker 1: coming to England instead of polls and Ukrainians coming to England,
1:59:11
Speaker 1: which would have been much less traumatic for the bits
1:59:19
Speaker 1: not you have a y algorithm. In New York, no
1:59:21
Speaker 1: one is nice until you get to know them. In
1:59:23
Speaker 1: La everyone is nice until you get to know them.
1:59:27
Speaker 1: There is a certain truth to that. Okay, fed rates.
1:59:33
Speaker 1: Would it be better to summarize that evil cannot win.
1:59:37
Speaker 1: Evil people cannot find happiness, but evil can make sure
1:59:40
Speaker 1: that you lose. To Yes, in the short run, Ultimately
1:59:45
Speaker 1: evil loses. It's not just that it can't win. Good wins,
1:59:49
Speaker 1: but in a short to medium term it can make
1:59:53
Speaker 1: you lose. But it can never win, It can never flourish,
1:59:56
Speaker 1: it can never be successful. Lincoln learned about a new
2:00:03
Speaker 1: upstart college called Reliance College, started in twenty twenty six,
2:00:07
Speaker 1: classically the Bull and very iron ran inspired. I signed
2:00:10
Speaker 1: up for their week long summer seminar and make sure
2:00:13
Speaker 1: to inform you if it's fair to rand. Is this
2:00:17
Speaker 1: like in Chicago? I'm curious where this is and who
2:00:21
Speaker 1: is involved? Lincoln. One results from fertility in twenty twenty
2:00:27
Speaker 1: five got released recently. It's lowering due to less teen
2:00:31
Speaker 1: pregnancy and early twenties, and rising among women in their thirties.
2:00:36
Speaker 1: I'm not surprised and thirties and forties, most of most
2:00:42
Speaker 1: of all whom earn six figures and have college degrees,
2:00:46
Speaker 1: destroying the notion that ambitious older women are why.
2:00:48
Speaker 2: Nobody has kids.
2:00:49
Speaker 1: Yes, and by the way in America, it seems like
2:00:53
Speaker 1: in recent times wealthy people having more kids than poor people.
2:00:57
Speaker 1: So the notion has always been that wealth is what
2:01:03
Speaker 1: causes people to have fewer kids, and and that's just
2:01:07
Speaker 1: not the case. Wealth actually makes it more economic to
2:01:11
Speaker 1: have fewer kids, fewer kids. So, so, yes, a lot
2:01:22
Speaker 1: of myths about fertility and about kids and about the
2:01:26
Speaker 1: relationship between wealth and kids, and about yeah, older women
2:01:31
Speaker 1: having more kids, younger women having fewer kids, And the
2:01:34
Speaker 1: primary reason for that is younger women have lots of
2:01:37
Speaker 1: opportunities to do other things, and at some point, particularly
2:01:41
Speaker 1: if they've been successful and they have money, either as
2:01:46
Speaker 1: a family or as women, they tend to have children.
2:01:49
Speaker 1: And as people get wealthier, they have more children. So
2:01:54
Speaker 1: you know, the solution to the global fertility crisis is
2:01:58
Speaker 1: to get much much richer.
2:02:01
Speaker 2: And that's what freedom would do.
2:02:04
Speaker 1: Now you have ya with them. Thoughts on Craig Biddle's
2:02:06
Speaker 1: debate with Peter Bogosian on free will and objectivism. I
2:02:10
Speaker 1: have no comment because I have not seen it, so
2:02:13
Speaker 1: I can't comment on stuff I haven't seen and I
2:02:18
Speaker 1: and I probably won't see it. I'm not that interested
2:02:20
Speaker 1: in watching quick Biddle, all right, uh Lances in Chicago. Yeah,
2:02:28
Speaker 1: I mean I think I know the people involved. You know,
2:02:32
Speaker 1: let me know what you think. I'd be surprised if
2:02:35
Speaker 1: it was impressive, But you know, I I don't know.
2:02:41
Speaker 1: I haven't looked into it too much. All right, guys,
2:02:45
Speaker 1: I know that it's been a project in the works
2:02:47
Speaker 1: for a very long time.
2:02:51
Speaker 2: But yeah, all right.
2:02:56
Speaker 1: You know, the more time passes, the more different people
2:03:00
Speaker 1: associated or influenced by ironmand will do all kinds of projects,
2:03:06
Speaker 1: some good, some bad, some mediocre, lots of mediocre, and
2:03:11
Speaker 1: you'll all have to figure it out and evalue it
2:03:13
Speaker 1: what's good, what's not, and each person will have to
2:03:15
Speaker 1: make their own judgment about these things. But the more
2:03:19
Speaker 1: I think there's no way to stop it from there
2:03:23
Speaker 1: being lots of these different projects and different things going on.
2:03:27
Speaker 1: The Institute will not, cannot and has no intention of
2:03:33
Speaker 1: controlling them all And all right, guys, I am going
2:03:39
Speaker 1: to sleep.
2:03:40
Speaker 2: It is eleven thirty at night.
2:03:43
Speaker 1: I have a flight tomorrow to Porto to the Objective's
2:03:46
Speaker 1: conference there. I wouldn't want to miss that. I will
2:03:51
Speaker 1: see you all. I'm not sure when. Maybe tomorrow we'll
2:03:53
Speaker 1: see how it goes and maybe on the weekend suddenly,
2:04:07
Speaker 1: not Monday, because I'm flying all day Monday, but then
2:04:09
Speaker 1: Tuesday will start up more of a regular schedule. And
2:04:12
Speaker 1: then but when I get to Austin, we're teaching at
2:04:15
Speaker 1: the University of Austin. We'll see what my schedule is
2:04:19
Speaker 1: there and how many shows I'll be able to do
2:04:20
Speaker 1: and what frequency. All right, everybody, thanks for tuning in.
2:04:27
Speaker 1: Thanks to all the superchatters. You guys were generous today.
2:04:29
Speaker 1: I appreciate that, and I will see you all whatever,
2:04:34
Speaker 1: maybe tomorrow, maybe on the weekend, if not suddenly on Tuesday.
2:04:38
Speaker 1: By everybody,