Latest / Think Twice Show / The Philosophy of Ambition
Transcript
- 0:00Here's a story of two friends. They start a small company
- 0:04selling a product everyone loves.
- 0:06They care about the people, the planet, and the purpose.
- 0:10And it works. The company grows, but growth
- 0:13has gravity. Investors call cross rise.
- 0:17Pressure builds. Soon, the very thing they built
- 0:21to do good was starting to look unfamiliar.
- 0:24The mission turns into a brand, the purpose into a product.
- 0:28This is the story of Ben and Jerry's a noble mission ruined
- 0:32by excessive growth. Society tells us scale, scale,
- 0:36scale. Grow, grow, grow.
- 0:38We treat size like a virtue, as a figure is always better.
- 0:42We're told to dream without limits.
- 0:44But what if your ambition corrupts you?
- 0:47What if you can no longer look yourself in the mirror?
- 0:51In a world obsessed with scale, it's staying small, the only way
- 0:55to remain good. Welcome to Think Twice.
- 1:11My name is Benz. My name is Santef.
- 1:13So the first question is ambition A moral flaw?
- 1:17I think it is in our current economic system, if you've got
- 1:21personal ambition to excel economically, that is a moral
- 1:26flaw to me. If you've got ambition to excel,
- 1:31to promote a balanced life, they're not that's that's
- 1:35completely fine. If you've got ambition to
- 1:38promote a community or communal living, that's completely fine.
- 1:42So the way I look to the question, inherently, I don't
- 1:45think ambition is a moral flaw. So my answer would be no.
- 1:47But broadly speaking, in a sort of general context, then yeah,
- 1:51it is. And we're in agreement.
- 1:53We are in agreement. I fall back to Epicurus.
- 1:57OK, he says that. Anything with no natural limit
- 2:00should come with caution. Yeah, that kind of stuck out to
- 2:03me. And since ambition, even
- 2:05although natural, it doesn't have a natural limit, it should
- 2:09always come with caution. But ambition is desirable.
- 2:13That's the thing. Like ambition provides
- 2:16fulfilment, purpose, It helps build confidence.
- 2:18It's like a good thing, but it's a moral flaw because of the
- 2:24context of the world that we live in.
- 2:25I agree. I agree.
- 2:26From an evolutionary perspective, ambition sort of
- 2:29helped us survive. It helped you grow as people,
- 2:32helped you develop as humans, right?
- 2:35But initially it was always on a sort of local scale, on a small
- 2:41sort of basis and. There was a natural limit.
- 2:44Inside there was a natural limit.
- 2:45Yeah, there was competition amongst people, but it was a
- 2:48small amount of people. And often in these small
- 2:52communities, you either have religion or you have philosophy,
- 2:56which is also a limiter. But now, like the Western, the
- 2:59modern Western world is very secular.
- 3:02So you don't have those things anymore that provide a limit for
- 3:05ambition. As a result, ambition can run
- 3:08Rev. I I 100% agree. And to to take your what you're
- 3:12saying even further, I actually think that as secular as the
- 3:16Western world is, I actually think the new religion is money
- 3:19for being like, like truly honest.
- 3:22Capitalism. Yeah, and it's like before,
- 3:26thousands of years ago, people would look at other people and
- 3:29judge them by certain metrics, right?
- 3:32If you were pious, you would be considered high status person,
- 3:37you'd be considered closer to God, right?
- 3:40If you're more religious, if you prayed more, if you did more
- 3:43moral things or in other religions, it might be conquest.
- 3:48So if you look at like the Roman Empire, if you went out and like
- 3:53conquered other people, if you went out and like accumulated
- 3:56land, right, you are considered a person of, of high esteem and
- 4:01you are considered as someone who's closer to the gods because
- 4:04of that action. But now our religion is money.
- 4:07If you have more money, you're considered a better person.
- 4:10You're considered more successful.
- 4:11You're considered to have status in the in, in, in your
- 4:14community. And people look at you like
- 4:16you're a better person. It's not explicit.
- 4:18People don't say, oh, he's got money, therefore he's a good
- 4:21person. But in a sense that's kind of
- 4:23like the new religion. And I think ambition in that
- 4:26context is a moral flaw because what we're really talking about
- 4:30is the accumulation of money. You're someone who would put
- 4:32money 1st and in a, in a world of trade-offs, right?
- 4:35In a life of trade-offs, you would trade personal
- 4:38relationships, you would trade loyalty, other things that we
- 4:42would consider to be part of a balanced moral life.
- 4:46You trade off those things, You know what I mean?
- 4:49And you know, we all know the story of the guy who's out
- 4:51chasing money. He's put his career 1st and, you
- 4:55know, his wife's at home, lonely.
- 4:57Yeah, literally. Or the woman who's put her
- 4:59career 1st and and she's neglecting some other part of
- 5:02her life. Ambition has literally become an
- 5:05industry. Like yes, it's become an
- 5:08identity for people, which is problematic in itself, like with
- 5:12self help books and like personal development coaching.
- 5:14And what ends up happening is you essentially get bad
- 5:17outcomes. You get people like Boris
- 5:19Johnson, for example. Like when I was looking for
- 5:21people, I was like, what's an example of ambition gone wrong,
- 5:26right? Boris Johnson was like the
- 5:28clearest example for me because he essentially wrote two
- 5:33articles. You know this isn't it.
- 5:35Around Brexit, he wrote. Two articles and literally chose
- 5:39the one that was more likely to get him into power.
- 5:42As in, he chose a leave and a romaine.
- 5:45And then stuck with Lee because it was the most beneficial for
- 5:49him. Then you look at like the Wall
- 5:50Street crash in 2008. That's like another example.
- 5:54Even the motto of Silicon Valley is to move fast and break
- 5:58things. And when I looked at all of
- 6:00this, I was like, these are what's wrong with ambition?
- 6:03100%. But they're celebrating these
- 6:05things. And so, yeah, it has to be at
- 6:06the moral floor in in today's context. 100% a hundred.
- 6:10Percent. But in theory, though in theory,
- 6:12ambition isn't too bad like in theory, but in practise, because
- 6:17of contextually what happens in the world, it is a moral flow.
- 6:22I agree. I think you touched on Boris
- 6:24Johnson, but there's obviously other like big capitalists whose
- 6:29own personal ambition has driven them to do what they've done.
- 6:32And what I kind of want to explore with you is how you see
- 6:37that ambition as a reaction to some sort of hole in them,
- 6:42right? Some sort of lack that they have
- 6:45on an emotional or spiritual level.
- 6:47And the ambition is being used to fill that hole because like,
- 6:51if you look at someone like Elon Musk, it, it doesn't take a
- 6:54rocket scientist or a real like a doctorate in, you know.
- 6:58Therapy. Behavioural Therapy.
- 7:00To understand the guys in crisis, he is lost and like this
- 7:08is the richest person on the planet and someone who's
- 7:11celebrated by 1,000,000. And clearly he's used his career
- 7:17and the accumulation of wealth for some as some sort of
- 7:22compensatory like action to to make.
- 7:24I don't know what it is, but it's books.
- 7:27There's some trauma in him that he's trying to fulfil.
- 7:29I probably don't land exactly where you land like I, I'm with
- 7:33the idea that it does provide some sort of purpose for people
- 7:37and, and I don't think that's inherently wrong or I don't even
- 7:40think that's bad. I think it becomes bad when you
- 7:44don't know where to stop essentially because it has no
- 7:49natural limit, but like to have it to for you to use that
- 7:56trauma, as you said, or that whole to, to fuel endeavours in
- 8:01your life. I don't think that's a hugely
- 8:03bad thing. Really.
- 8:05I don't think that's a hugely bad thing you.
- 8:07Know does it fix the issue though?
- 8:09Surely if you've got a problem like the whole, if you've got
- 8:11trauma or some some part of your character that you're, you've
- 8:15got an insecurity that you're trying to compensate for.
- 8:19Surely you go and fix the insecurity rather than trying to
- 8:23use ambition to compensate for. That I, I don't think they're
- 8:25mutually exclusive though. Like I don't think you do one or
- 8:28the other. I think you can do both and I
- 8:31and I really think you should do both.
- 8:32Like. I think it fills you with a
- 8:35sense of fulfilment if you use. Because like, like, let's say
- 8:38you've got an injury, Yeah, because.
- 8:39It's unique, right? Like it's, it's unique to that
- 8:41individual. And so when you attack whatever
- 8:46goals you, you particularly want to attack, you essentially are
- 8:51able to draw on something that's unique to you and you're able to
- 8:55tell yourself consistently, This is why I'm able to achieve this
- 8:58thing or whatever, because it's unique to me.
- 9:00And I I, I just don't think that's a bad thing.
- 9:04Yeah, I do understand that. But like you're basically using
- 9:07it as fuel to do. And I guess the thing that you
- 9:09choose to do is what we will judge, right?
- 9:12If you use it to do something good, then that's you're, you're
- 9:14basically saying that's a good thing.
- 9:16But what I'm saying is that you, that person has been injured in
- 9:19some way. Like you hurt your toe, you
- 9:21inject it to get through some games, but you haven't addressed
- 9:24the core issue, right? That is good to get through the
- 9:27games, but at some point you need to go back and like address
- 9:30the core issue. Yeah, I I don't think they're
- 9:32that's that's a good. I don't think that's a good.
- 9:35I thought I. Was really good on that.
- 9:36I really, I really brought it home.
- 9:38No, I didn't I. Didn't mean I was going to that
- 9:41because. Because it's an injury,
- 9:43insecurity is the source. Of that injury can do both at
- 9:47the same time like you can. So if we take the toe analogy,
- 9:51for example, you, you have to have surgery and then miss
- 9:54games, right? Like that's the thing.
- 9:55But if you could get it better while you're injecting it,
- 10:01that's what I'm saying you should do, and that's the
- 10:03difference. It's that's rare though, you
- 10:05know. No, I, I I think it's very
- 10:07possible. Like I, I, I do think that's,
- 10:10that's that's very much doable, OK.
- 10:13Fair. My, my, my analogy didn't land,
- 10:14but let's let's keep it. Moving right, of course, on to
- 10:16the next question. Is economic growth opposed to
- 10:23morality? Yes.
- 10:26Yes, so the the way I understand this question is morality in our
- 10:30society. To me, what would be a moral
- 10:33society? It's a society that's fair,
- 10:36right? A society that's just and treats
- 10:38people in a way that, you know, recognises their dignity and
- 10:42their humanity. What I'm saying is we've had mad
- 10:45growth in especially in most Western societies, GDP has been
- 10:50growing for years. I mean, there's been blips the
- 10:54economic crisis in the past. The most recent one was COVID,
- 10:57but ever since COVID, if you look at GDP, EU kg DP has grown
- 11:01for five years straight. We would not say that GDP growth
- 11:05has led to a more fair society or more moral society.
- 11:08So I'm saying economic growth clearly is opposed to morality.
- 11:13What do you think? No, I don't.
- 11:14I don't think it's opposed. OK.
- 11:15I do think they're in conflict, but I don't think it's opposed
- 11:18like so Economic growth is characterised by doing more with
- 11:22less, basically right back. On a.
- 11:25On a societal level, so it's to become more efficient, right.
- 11:28Whilst morality is characterised by respecting fairness and
- 11:32autonomy. And I don't think, yeah, and I
- 11:35don't think those are opposed. The only the problem sort of
- 11:38arises when it becomes economic growth at all costs.
- 11:44That's that's where they then become opposed.
- 11:46For example, when I, when I, when I thought about this, I
- 11:48then thought about what, what are the examples of this?
- 11:50And so the Nordic system is a good example of economic growth
- 11:55with morality. Basically the reason why you can
- 11:58have economic growth with morality is you have to focus on
- 12:02innovation, consent and some volunteering.
- 12:06Because if everybody is working together to this greater goal,
- 12:09because that's all moral, like you're not exploiting anybody.
- 12:13And if you're all working together for this great goal,
- 12:15you will have economic growth. That's how I see it in my head.
- 12:18Yeah, I guess let's, I guess drill down a little bit into
- 12:21what economic growth and GDP and what these terms actually mean,
- 12:25right. GDP in a sense, the way it's
- 12:28actually measured to me is completely divorced from the
- 12:32real experiences of real people. Yeah.
- 12:35OK, Yeah. Do you get what I'm trying to
- 12:36say? Which is why I, I, I don't think
- 12:38the two, I mean we're kind of in agreement.
- 12:40You said though in conflict. I'm.
- 12:42I'm saying they're opposed. I think we're like close on on
- 12:45on how we feel about that, but the way GDP is actually
- 12:49genuinely calculated is just completely divorced from the
- 12:52reality of people's lives, which is why GDP can grow but people
- 12:56feel like. Nothing's happening to them.
- 12:58You. Know what I mean?
- 12:59We had a cost of living crisis. GDP was up that year.
- 13:02Makes no sense. There's more and more poverty in
- 13:05the UK in real terms in the last five years, GDP is up.
- 13:09It just literally makes no sense. 30% of people children in
- 13:13the UK live in relative poverty in the UK.
- 13:17That's insane, right? So I, I just think the, the, the
- 13:202 are completely divorced and there's obviously like flaws of
- 13:23the way GDP is calculated. It's not even doesn't even take
- 13:26into account unpaid work, right? So all of the care that you
- 13:30might give a family member, parents being at home with
- 13:32children doing child rearing, stuff that actually impacts the
- 13:36welfare of human beings is not calculated in GDP.
- 13:39So I don't think economic growth on a macro level is in any way
- 13:43connected to real human experiences.
- 13:47Yeah, I but I think the problem there is the metric, not so much
- 13:52that they're opposed. Well, let me let me try and draw
- 13:56a bit further now because the metric is wrong.
- 14:00But we use the metric to to talk about economics.
- 14:03That's the real, like problem because when you open a
- 14:07newspaper and, you know, the ONS has like, released statistics
- 14:10for what's happening in the economy, unemployment figures
- 14:13have just come out. The media is running stories
- 14:15based on that number. Does that make sense?
- 14:18So the way we see the society and economics in the society is
- 14:22tethered to this number, but that number is not tethered to
- 14:25real human experiences. So I appreciate the numbers
- 14:29wrong, but the way we use that numbers also wrong.
- 14:32Like in in a conversation, Rory Struart, Alastair Campbell,
- 14:35they've got that the podcast leading leading with rest is
- 14:39politics or something, right? So they talked to Gary Stevenson
- 14:42about what's happened in the last five years in the economy.
- 14:46Now, Rory Stewart is a Tory, He's a he's a politician.
- 14:49Gary Economics is a economist. So he's asking Gary why has the
- 14:54UK economy languished in comparison to the US economy.
- 14:58Rory's talking about GDP, he's saying USGDP has grown over the
- 15:02last 10 years or whatever. Gary's talking about inequality.
- 15:06So the experiences of real people both in the UK and the
- 15:09US, Rory, who's the politician whose job it is to talk about
- 15:13the economy and to create narratives around the economy
- 15:16for the public to to understand, all he can think about is the
- 15:20macro level, like GDP number, and it's completely divorced
- 15:25from real people. So not only does that dictate
- 15:28the way the public understands it, it also dictates policy on a
- 15:32governmental level, and it's extremely important for that
- 15:35reason. Yeah, but I, I, I still don't
- 15:36think they're opposed though, because for example, in in the
- 15:40Nordic system, they've got the lowest inequality.
- 15:44OK, it's basically like they have high tax, high taxes,
- 15:47right? They have strong unions and they
- 15:50pour I think like 6-7 percent into their education.
- 15:54The female labour participation is about 75%.
- 15:57When you put it all together, it's the trust of the people in
- 16:02order to achieve economic growth.
- 16:06And yeah, I guess they can be in conflict if we look at a sort of
- 16:10neoliberalist take on on capitalism and democracy.
- 16:15But if we have a sort of Social Democratic take up on it,
- 16:20they're not actually opposed you.
- 16:22You actually look at it in essence, if you understand what
- 16:24I mean. Yeah, I guess I don't, I don't
- 16:26see, like, yes, the Nordic system might have less
- 16:29inequality, but less inequality to me is not the target.
- 16:33Yeah, I think there needs to be drastic overhaul and there needs
- 16:37to be like, no inequality. Yes, there's going to be
- 16:41variations in in common, like, you know who who owns what.
- 16:45But for a wealthy country like the UK, for 30% of children to
- 16:49be living in poverty suggests to me that it's a systemic failure
- 16:53rather than a bad application of the system.
- 16:56Does that make sense? Yeah.
- 16:57Like if we just did it like the Nordics, like, it would be
- 17:00different. It would be different.
- 17:02I agree. But systemically, there's still
- 17:05a problem at the heart of of capitalism.
- 17:08Yeah. Yeah.
- 17:08And that's fine. Capitalism.
- 17:09There's a problem, but we're not denying that.
- 17:13But what we were discussing is economic growth opposed to
- 17:16morality, and I don't think it is.
- 17:18That's that's the question. I I will actually concede.
- 17:21I actually don't mind conceding because I I understand exactly
- 17:24where you're don't. Do that.
- 17:28That's hard to say that I I. Will concede I need.
- 17:30To rub salt in the wounds on that and back, yeah, I get it,
- 17:33I. Get I get it.
- 17:34No, I'll I'll happily concede I think.
- 17:36I think they are in conflict though.
- 17:38Yeah, they are definitely in conflict.
- 17:40In another sense, they are divorced.
- 17:42They're two separate things. And there are, to me, many
- 17:46reasons why the current economic system that we have in the West,
- 17:51the central banking system, kind of needs people to suffer in
- 17:57order for it to run, for example, right?
- 17:59Economists have this thing called the natural equilibrium
- 18:03of unemployment. Heads of central banks don't
- 18:05come out and talk about this because it's kind of neck, you
- 18:07can't, it's a, it's APR disaster waiting to happen.
- 18:10But central banks accept that a certain amount of people in a
- 18:15society can't have a job. You cannot have 100% employment
- 18:19for, for, for a number of reasons within that system.
- 18:22Now, does that not stink? Yeah, You need to have a So
- 18:25we've got 5% unemployment in the UK right now.
- 18:28That's like trending slightly high.
- 18:29It's usually between like 3 and 4%, which is considered a good
- 18:32#3 or 4% of the population need to suffer for the system to
- 18:37work. Ain't that crazy?
- 18:39That's a systemic problem rather than a poor application of the
- 18:42system. And to me, like there's clues
- 18:45like that that show that it's, it's not about like chasing
- 18:50economic growth in a different way.
- 18:52It's about the the economy and the way it's structured.
- 18:55Yeah, it needs to change. It needs to overhaul basically.
- 18:58That's what I'm trying to say. That's a different question.
- 19:03OK. I'll show our final segment.
- 19:08You build a. Company attached to your
- 19:10identity based on fairness with fair trade ingredients, living
- 19:16wages and social good. Then it explodes and becomes
- 19:19massive. To keep it alive, you sell, but
- 19:23you write your values into the contract.
- 19:25The mission must stay. The ethics must lead.
- 19:28Years later, the brand is global.
- 19:31The message still supports peace and love.
- 19:33But behind the slogan and the cost cuts, marketing plans and
- 19:37the layers of corporate approval, you can either stay
- 19:40inside, fighting the boardrooms to keep it so intact, or walk
- 19:44away knowing your name will be on the front of something that
- 19:47no longer feels like your own. What do you do?
- 19:51I protect what I believe in and I I walk away.
- 19:54You have to. Yeah, you have to do that.
- 19:56Yeah, you. Just got to leave.
- 19:58I I would argue in that moral dilemma there was a mistake
- 20:01selling. But if I am where I am, I've
- 20:03sold and. Hold on, so you wouldn't sell?
- 20:06Like no. Ever.
- 20:09No, because to me this situation is what is going to happen.
- 20:14It's inevitable. It's not like a matter of if,
- 20:16it's a matter of when this. Happened, yeah.
- 20:19So it's like if I'm comfortable with that, I don't know like why
- 20:23I would ever be comfortable with that.
- 20:24But if I was comfortable with this happening to the company
- 20:27that that I started, then fine, I would sell, but I wouldn't
- 20:30sell. So I wouldn't be in this on this
- 20:33dilemma. Do you not, do you not think
- 20:34that there is there's some value in your message reaching a lot
- 20:39of people? Like what?
- 20:40What is the point of having the greatest message if it doesn't
- 20:42reach enough people? Well, my ambition would be to
- 20:47reach those people. I don't need to sell to reach
- 20:49all those people. I get that.
- 20:51That is what that's the calculation that.
- 20:53You don't, you don't think you would need to sell to reach more
- 20:55people than you currently would? There's obvious there's
- 20:58obviously value in selling to a larger company, right?
- 21:01To reach more people, right? That's not what the company
- 21:03would say. That's not why the company would
- 21:05buy me. That's why the other companies
- 21:06buying the company, right? That's what they would say to
- 21:08me, but that's not the real reason.
- 21:10What's the real reason? The real reason is that they can
- 21:13make changes to my company that would increase their profits
- 21:17above and beyond the price they paid for my for the asset.
- 21:21That's the real calculation. Of course.
- 21:24And how do they do? How do they increase those
- 21:26profits? By reaching more people?
- 21:28Maybe it could be by increasing the price, it could be by
- 21:31cutting employees, it could be by doing like some Fugazi share
- 21:35schemes, share buybacks. There's loads of corporate
- 21:39tricks you can. Play.
- 21:40You just don't believe that they want to reach more people.
- 21:43Well, I, I think you could get lucky and like their, their
- 21:47financial interests aligned with your, your like what you wanted,
- 21:51which is for loads of people to, to hear your message or, you
- 21:55know, buy your product. But I think this because it's
- 21:59not actually truly aligned. It's just like you're rolling a
- 22:01dice, bro. We probably.
- 22:02Need to talk about what we might do with things.
- 22:07I mean, he's talking about it. Well, we.
- 22:09Can't run it forever. I like.
- 22:10Why not? I have a life to live now.
- 22:15He always to say working forever.
- 22:18Well, because honestly, like that's obviously.
- 22:21You feel what we're doing. We're doing think class
- 22:22planning. Well, obviously I'm not, I'm
- 22:26not, I'm not saying respect to the dilemma.
- 22:29Obviously I'm not saying you shouldn't sell, but you've done
- 22:32everything possible to try and ensure your company values stay
- 22:36the same. Right.
- 22:37Yeah, yeah, yeah. And unless you want like a a
- 22:39small operation and then maybe that's it, maybe it just stays
- 22:43small forever and scale is always the enemy.
- 22:47Is that basically what you're saying?
- 22:50Scale is the enemy. You try to fit me into that.
- 22:53No, I'm just, I'm just. I'll ask it.
- 22:56There's a question. No, no, obviously not.
- 22:58But to sell to like a big corporate.
- 23:01You realise that like if you have a big enough company,
- 23:04anything bigger than you as a corporation.
- 23:06Yes, but there's levels to that, ain't it?
- 23:08There's levels to that. When hair care products get
- 23:10bought out by Unilever, we know what's going to happen.
- 23:12Yeah, OK, You know what I mean? Because it's Unilever, but if
- 23:16like the ethos of that company always aligned with yours
- 23:19anyway, then you can, you know, have a higher degree of
- 23:22confidence that your message and your all the things you put in
- 23:25place. So you might sell there is there
- 23:27is a world in which you could yeah, if like if the company was
- 23:30like the corporation was correct.
- 23:32Yeah, but it wouldn't be like like big fish eat small fish.
- 23:36It'll be more like 2 small fish to come together.
- 23:38One slightly bigger fish. If if it's out outright buy, but
- 23:43it could also be a partnership. Yeah, yeah, yeah.
- 23:46OK, that's interesting. We'll talk about it later.
- 23:52All right. Thank you for joining us.
- 23:55All right, take care see you next week.
- 23:56Appreciate you. I think a good example of how
- 24:11the economic system that we currently have doesn't
- 24:13necessarily serve the population is the list trust government in
- 24:162022, right List trust. Obviously she comes out with her
- 24:19mini budget with quasi Quateng and it was a complete disaster.
- 24:23And in the actual budget, like what she's actually proposing is
- 24:26like, you know, Thatcherite, you know, policies cut, cut taxes on
- 24:29on the wealthy, increased borrowing for the government,
- 24:32right? To me, the reason why the list
- 24:33trust government clearly shows how the government is beholden
- 24:37to financial markets and not the people is the fact that list
- 24:40trust got kicked out because the bond markets rejected her,
- 24:43right? The bond markets reacted really
- 24:45negatively to her, her many budget.
- 24:47She was out within like 2 months, quick, quick time.
- 24:50They ran her out of government. But when half a million people
- 24:54get on the streets to protest about the UK government selling
- 24:56arms to Israel, nothing happens. When a million people hit the
- 24:59streets against the Iraqi invasion, the UK invasion of
- 25:03Iraq, nothing happens. Invasion goes ahead.
- 25:05So to me I think that's a very clear sign that it's actually
- 25:09financial markets, that economic growth and government policy is
- 25:12designed to serve, rather than the people itself.
- 25:14If economic growth was really about welfare, we would it would
- 25:20be the people that are chasing this trust out of out of
- 25:21government or whatever government.
- 25:24If if the people are angry and don't want what the government's
- 25:27doing, it'd be the people. Running there was a time though
- 25:30that economic growth did improve life for citizens.
- 25:33There was a time that that happened, obviously doesn't
- 25:36happen now because private equity is such a massive thing
- 25:39and that is that's honestly what drives the GDP of the US and oil
- 25:42those those two things are basically what drives the GDP of
- 25:44the US so and that. Don't help no one and no bill.
- 25:46Precisely so. So when so when you're saying
- 25:50this is not to defend this trust or anything, but like when
- 25:52you're saying, OK, they they want to increase economic
- 25:54growth, It's not there is you would hope there there is some
- 25:58idea that it's supposed to help the average person.
- 26:00Obviously it doesn't. But that is I assume the concept
- 26:02of their decisions. If you understand what.
- 26:04I mean, as in you think when we go back to the core of wireless
- 26:06trust made her decision precisely.
- 26:08Yeah. I mean, which is kind of why I
- 26:09conceded a little bit on on this question of like, is it opposed
- 26:12to? I don't think it's opposed to, I
- 26:15can concede it's not opposed to you, but it's, it's definitely a
- 26:17secondary thought. Do you know what I'm?
- 26:18Saying yes, it's definitely a secondary.
- 26:20Thought it's certainly not a primary concern of of the
- 26:22government or the the the UK central bank right, but the
- 26:25central bank is about keeping markets stable and providing an
- 26:29environment where financial markets can thrive rather than
- 26:32people having a job and being able to pay their bills.
- 26:35Like I said, if 5% of the UK population or 4% needs to be
- 26:38unemployed, that's a mad thing. We're basically saying like this
- 26:42is a completely broken system that's unfair on at least 4% of
- 26:45people. And if you going back to the
- 26:47previous statistics I heard about child poverty, there's 30%
- 26:50of children in the UK who live in poverty, 70% of those people,
- 26:5470% of those households, at least one parent already has a
- 26:57job. Do you know what I mean?
- 26:58So we're not even talking about there's 4% of the population who
- 27:01don't have a job. There's even a bigger proportion
- 27:03of people who have a. Job but are just.
- 27:05Below the red. Line in poverty you.
- 27:07Know what I mean? That's crazy.
- 27:09So yeah, I I accept they're not maybe not opposed, but they're
- 27:11certainly divorced from one another.
- 27:13Yeah. The problem with ambition is
- 27:16that when prizes are big enough and in the world now where
- 27:18prizes can be huge, ambition undoubtedly becomes a moral
- 27:21flaw. You see it on a larger scale in
- 27:23the Olympics or in sport where doping is such a major factor
- 27:28because they now question their morals because their ambition is
- 27:30so great. And the bigger the prizes are,
- 27:34and in a world that obviously has huge prizes, that makes it
- 27:38inevitable that ambition will will be the will be the thing
- 27:41that drives you to to sort of crumble your morality,
- 27:45basically. In today's society the prizes
- 27:48are so big, but on top of that, society is also telling you that
- 27:52this is a core part of your identity, right?
- 27:54If you don't get the prize, if you don't at least like Excel,
- 27:59you are actually a less than like it questions your own self
- 28:03worth. So not only do you have massive
- 28:04prizes, your entire identity is actually underpinned by your
- 28:07ambition. Do you know what I mean?
- 28:09If you're someone who who has no ambition, doesn't make any
- 28:11money, what do we call you in society?
- 28:12We call you a bum, a loser, loser.
- 28:14And that is the worst thing of all.
- 28:16And that is to be avoided at all costs for most people.