Latest / Yaron Brook Show / Drug War; HK Fire; Failure; NATO; Swiss Tax; Costco; Fuentes; Waymo | Yaron Brook Show
Transcript
- 0:03Speaker 1: A lot of its window lattle cells and individual loss.
- 0:14Speaker 2: This is the show.
- 0:20Speaker 1: Oh right, everybody, welcome to your one book show on
- 0:22Speaker 1: this Tuesday, December second. I hope everybody is having a
- 0:28Speaker 1: good week.
- 0:29Speaker 2: A little unusual, I want, I know. But earlier today
- 0:32Speaker 2: we had a.
- 0:35Speaker 1: I guess, a live live stream of a panel on
- 0:40Speaker 1: forty eight years to the Iron Rand Institute and a
- 0:44Speaker 1: participating in that, and that they scheduled that right on
- 0:47Speaker 1: top of where I usually schedule the show.
- 0:49Speaker 2: Hopefully you saw that it was it was, It was
- 0:51Speaker 2: all fun, and.
- 0:53Speaker 1: Hopefully those of you less familiar with the Iron Rand
- 0:56Speaker 1: Institute learned something and those of you more familiar. I
- 0:59Speaker 1: got to remember the good old days and the great
- 1:02Speaker 1: present and the even more impressive future. So yeah, check
- 1:07Speaker 1: it out. It's on the Inn Rand Institute website. And
- 1:12Speaker 1: all right, let's see today we are going to be
- 1:19Speaker 1: talking about a bunch of different topics. Yeah, nine, one, two, three, four, five, six, seven, eight,
- 1:25Speaker 1: eight eight. I'm slacking off a little bit, sorry, No, No,
- 1:30Speaker 1: nine topics, eight topics. All right, let's see, do I
- 1:34Speaker 1: have any remind us to give you shows? All week
- 1:38Speaker 1: times might vary a little bit. I've got some other
- 1:40Speaker 1: stuff going on, so times might vary, but there will
- 1:43Speaker 1: be a show every single day for the rest of
- 1:46Speaker 1: this week, including Saturday, and probably a members only show
- 1:53Speaker 1: on Sunday. So if you're not a member, sign up
- 1:56Speaker 1: for membership and maybe maybe our gifts some membership. Maybe
- 1:59Speaker 1: our gifts some memberships and uh, you know, and we'll
- 2:05Speaker 1: increase there we go. I just gifted Fight membership, so
- 2:08Speaker 1: we'll gift some memberships and we'll do a members only
- 2:11Speaker 1: show on.
- 2:14Speaker 2: Sunday, if not this Sunday, next Sunday.
- 2:17Speaker 1: But it definitely will be one of the next two Sundays. Okay,
- 2:21Speaker 1: let's see what do we want to do. We're gonna
- 2:24Speaker 1: jump right into the drug wall. I mean, this is
- 2:27Speaker 1: the big stories right now. I think in terms of
- 2:31Speaker 1: what's going on domestically, is the continued you know, the
- 2:35Speaker 1: bombing of these boats. We'll talk about that, uh and
- 2:39Speaker 1: and this thing where they bombed a boat two people survived,
- 2:43Speaker 1: and then they they killed the two people because god,
- 2:47Speaker 1: you can't let any of these people alive. You just
- 2:50Speaker 1: have to execute them at see. That is the new
- 2:52Speaker 1: policy of the US government. So we'll talk a little bit.
- 2:54Speaker 1: We'll talk about that in the context of the drug wall,
- 2:56Speaker 1: and then we'll talk about, of course the partnering today
- 2:59Speaker 1: of the phone.
- 3:00Speaker 2: I'm a president of Honduras, you know.
- 3:05Speaker 1: Who was accused got forty five years in jail four
- 3:12Speaker 1: drugs for bringing drugs into the United States. So we'll
- 3:15Speaker 1: talk about why, what's going on? What is it about
- 3:20Speaker 1: this administration that you know is willing to.
- 3:24Speaker 2: Kill the guys in the boats.
- 3:26Speaker 1: But if you're a big shot, you get you get
- 3:31Speaker 1: free ride, even if you're involved in the basically the
- 3:33Speaker 1: same trade. So let's let's tell with a little bit
- 3:38Speaker 1: of history, because you know, the drug the drug wars,
- 3:43Speaker 1: I don't know, people think it just existed forever. Did
- 3:46Speaker 1: you realize that between eighteen eighty, eighteen eighty one, eight
- 3:50Speaker 1: eight zero, eighteen eighty and nineteen ten, you know, cocaine
- 3:56Speaker 1: and heroin were sold in retail stores. They were sold
- 4:00Speaker 1: off the shelf, no prescription needed, no you know, cash
- 4:07Speaker 1: in the middle of the street from a gangster looking
- 4:09Speaker 1: guy needed.
- 4:10Speaker 2: You can just walk into a store and buy something.
- 4:12Speaker 1: The coca cola, Coca cola, you used to have a
- 4:16Speaker 1: little bit of coc in it, a little bit of
- 4:18Speaker 1: coke in the coca cola. Yeah, that would be cool,
- 4:23Speaker 1: that would be cool, No wonder. The drink took off
- 4:25Speaker 1: and it was incredibly successful. I mean, everybody knew that
- 4:29Speaker 1: these drugs were harmful. Everybody knew that these drugs were
- 4:33Speaker 1: potentially addictive, you know, but they were you know, basically
- 4:40Speaker 1: the government it was none of their business and none
- 4:44Speaker 1: of the business of the government to tell you what
- 4:45Speaker 1: you can and can't consume, what you should shouldn't do.
- 4:48Speaker 1: And the idea was you responsible for yourself. You make
- 4:52Speaker 1: the choice. It's there.
- 4:55Speaker 2: You know it's harmful.
- 4:56Speaker 1: If you choose to use it, it's your problem. But there
- 5:02Speaker 1: was a real backlash to that, and we saw that
- 5:04Speaker 1: both in terms of in terms of alcohol use and
- 5:09Speaker 1: in terms of narcotics. And there was a huge push
- 5:13Speaker 1: during this era to ban alcohol and the prohibition movement,
- 5:18Speaker 1: which ultimately succeeded, and and to ban narcotics, you know,
- 5:25Speaker 1: starting in terms of narcotics, starting in nineteen fourteen with
- 5:29Speaker 1: Harrison Narcotics Tax Act, which effectively criminalized non medicinal opium
- 5:35Speaker 1: and coca products. Than in nineteen thirties, you had the
- 5:38Speaker 1: federal bio of narcotics. Just as the government was backing
- 5:42Speaker 1: away from prohibition on alcohol. And by the way, alcohol
- 5:51Speaker 1: is in many respects a much more dangerous drug than
- 5:55Speaker 1: a heroin and cocaine in terms of your behavior is
- 6:00Speaker 1: what you do. A lot of crime is committed under
- 6:03Speaker 1: the influence of alcohol, and you know, a lot of
- 6:10Speaker 1: a lot of domestic violence, a lot of violence is
- 6:13Speaker 1: committed under alcohol. You don't get much violence. You don't
- 6:20Speaker 1: get really violence if you consume heroin. Like heroin, you
- 6:24Speaker 1: inject and you're like your space out there. There's no
- 6:28Speaker 1: not a lot of violence associated with consuming heroin. Anyway,
- 6:32Speaker 1: the federal alcohol was legalized in the nineteen thirties and
- 6:37Speaker 1: the government doubled down on narcotics. So the idea was
- 6:42Speaker 1: to really to increase the punitive the punishment for drug offenses,
- 6:49Speaker 1: and there was a real moral panic during the nineteen
- 6:51Speaker 1: thirties around drugs. In nineteen fifties, they experimented with mandatory
- 6:57Speaker 1: minimum sentencing for drug offense, but then they were piled
- 7:01Speaker 1: in the nineteen sixties. They you know, they didn't really
- 7:05Speaker 1: think it was it was particularly effective at anything. Generally,
- 7:09Speaker 1: one thing you'll see in the entire history of the
- 7:12Speaker 1: War on drugs is it's not effective. It hasn't stopped
- 7:16Speaker 1: the consumption of drugs, and it certainly hasn't stuffed to
- 7:19Speaker 1: deaths from consumption of drugs. In the nineteen seventies, Nixon declared,
- 7:25Speaker 1: and this is the war drugs. Nickson declared drugs public
- 7:29Speaker 1: enemy number one. What an enemy? An inanimate object is
- 7:34Speaker 1: the enemy. In nineteen seventy the Control Substance Actor was passed.
- 7:39Speaker 1: It created different schedules for different drugs. The DA Drug
- 7:44Speaker 1: Enforcement Administration, the headquarters for the execution of the War
- 7:51Speaker 1: on drugs, was created in nineteen seventy three. They tried
- 7:55Speaker 1: to cut off international supply, primarily for Mexico. They also
- 8:00Speaker 1: of government funded treatment programs, but the push was LAWNODA
- 8:06Speaker 1: Lonoder seventies was a period of rising violence, and this
- 8:11Speaker 1: was the priority. Drug policy was also used. I don't
- 8:14Speaker 1: think there's any question to target groups administration and like
- 8:21Speaker 1: suddenly anti war activists, the black community, and this continued,
- 8:27Speaker 1: you know, into the nineties, indeed into the yeah, into
- 8:30Speaker 1: the two thousands. Really during the nineteen eighties there was
- 8:33Speaker 1: an escalation in the warm drugs. You get minimum sentencings
- 8:39Speaker 1: sentencing in eighty four and eighty eight, you get the
- 8:41Speaker 1: Anti Drug Abuse Act in nineteen eighty six. It by
- 8:45Speaker 1: the way, it created sentence, the guidelines that discriminated that
- 8:51Speaker 1: if you had if you were caught with crack versus
- 8:56Speaker 1: powdered cocaine, you got one hundred times biggest sentence for
- 9:01Speaker 1: the crack possession. And and this was deemed has been
- 9:05Speaker 1: deemed as kind of a racist policy because crack was
- 9:08Speaker 1: being used in the black community, cocaine was being used
- 9:11Speaker 1: by Wall Street types. Huge expansion during the eighties in
- 9:19Speaker 1: a drug task forces, swat teams, militarization of the DA
- 9:25Speaker 1: civil asset forfeiture of civil asset forfeiture where they take
- 9:29Speaker 1: your assets first and then you have to fight to
- 9:32Speaker 1: get them back if they suspect that you that it's
- 9:36Speaker 1: a drug related uh, you know, violation. So it's it's.
- 9:42Speaker 2: It was just it was just.
- 9:47Speaker 1: Huge escalation and huge militarization, steep rise indug related drug
- 9:53Speaker 1: related arrests, especially for possession, much higher incarceration rate this,
- 9:59Speaker 1: you know, much high, huge number of people in jails.
- 10:03Speaker 1: There was also a whole plan around Columbia where they
- 10:07Speaker 1: they funded the combat of cocaine production and against armed groups.
- 10:11Speaker 2: So the US paid Columbia to fight this.
- 10:15Speaker 1: Uh. There was a policing corporation and military corporation with
- 10:19Speaker 1: Mexico Bolivia, who basically the sources, particularly of cocaine coming
- 10:24Speaker 1: into the United States. UH.
- 10:26Speaker 2: There was also attempts to.
- 10:29Speaker 1: Uh you know, uh destroy the crops, UH to spray
- 10:34Speaker 1: poison over the crops, to try to destroy the crops,
- 10:36Speaker 1: and particularly in in UH in Colombia, also an attempt
- 10:43Speaker 1: to increase this the the sentences and the penalties against
- 10:51Speaker 1: drugs in Asia, which was a source of a lot
- 10:54Speaker 1: of the heroine coming into the United States. Consequence of
- 10:58Speaker 1: all this is massing constration. Prisons in the United States
- 11:02Speaker 1: have exploded since the nineteen seventies growth an organized crime.
- 11:08Speaker 1: If you outlaw drugs, you create a huge profit opportunity
- 11:12Speaker 1: for organized crime. So the creation of Mexican cartels, Colombian cartels,
- 11:18Speaker 1: other international cartels, the transferred drugs around the world. Remember
- 11:22Speaker 1: that after during the Afghan War, Afghanistan became the number
- 11:26Speaker 1: one producer in the world of heroin, and that heroin
- 11:31Speaker 1: had to get to the United States, had to get
- 11:32Speaker 1: to Europe, and that was a lot of the money
- 11:35Speaker 1: that the profits from that went directly into the pockets
- 11:40Speaker 1: of various Islamist groups, terrorist groups. So yeah, the creation
- 11:45Speaker 1: of organized crime is huge and probably the biggest, the
- 11:52Speaker 1: biggest public safety consequence of the War on drugs. Basically,
- 12:00Speaker 1: when you penalize the use of drug what you discourage
- 12:04Speaker 1: is treatment, You discourage harm reduction, you discourage needle exchanges,
- 12:10Speaker 1: and what you actually causes much worse health outcomes fund
- 12:15Speaker 1: the drug use. For example, HIV spread in the eighties
- 12:19Speaker 1: and nineties because of contaminated needles and the lack of
- 12:23Speaker 1: needle exchanges. And again there's no profit incentive to go
- 12:29Speaker 1: in and try to innovate and come up with new
- 12:32Speaker 1: treatments when the whole phenomena is tainted by illegality. The
- 12:39Speaker 1: one drugs has cost to date trillions of dollars on policing, prisons,
- 12:45Speaker 1: fund interventions, attempts to disrupt the supply of drugs in
- 12:50Speaker 1: the United States, and beyond that, I don't know how
- 12:54Speaker 1: you measure this. Thousands and thousands and thousands, maybe hundreds
- 12:59Speaker 1: of thousands of deaths as a consequence of the various
- 13:03Speaker 1: wars between organized crime entities in Latin America but also
- 13:09Speaker 1: in the United States. Many of the drive by shootings,
- 13:12Speaker 1: many of the deaths in place like Chicago almost always
- 13:18Speaker 1: gang related and what are the gangs doing?
- 13:20Speaker 2: The mainly fighting.
- 13:22Speaker 1: Over you know, territory to sell drugs. And of course
- 13:27Speaker 1: what we saw is the militarization of police and you know,
- 13:32Speaker 1: which has all kinds of consequences. Now, you know Nixon
- 13:40Speaker 1: was tough on drugs, were you know, it was tough
- 13:41Speaker 1: on drugs, and then Trump has now come in as
- 13:44Speaker 1: as tough on drugs. Uh, stop the drug trade. Get
- 13:48Speaker 1: rid of fentanyl. Now why do we have fenanel? What? What?
- 13:53Speaker 1: What is the deal with you know with fentanyl? Fencannel
- 13:57Speaker 1: is a is ah is. I mean you factioned opiode.
- 14:01Speaker 1: It's a synthetic product. It's super cheap to make, really
- 14:06Speaker 1: easy to make, easy to smuggle because it's small the
- 14:12Speaker 1: profit to weight ratio, I mean, you make so much
- 14:16Speaker 1: money off of so little. It has one hundred x
- 14:21Speaker 1: the potency one hundred x the potency of heroin. Oh no,
- 14:27Speaker 1: it's fifty times heroine, one hundred times morphine, fifty times heroin.
- 14:35Speaker 1: Doesn't require farming, easy to put together, lab and produce it,
- 14:41Speaker 1: and then you can add it to other products, a
- 14:43Speaker 1: very very tiny quality quantity of it. You know, enhances
- 14:47Speaker 1: I guess the high you get from heroin or even
- 14:49Speaker 1: marijuana or pretty much anything. So it's easy to smuggle,
- 14:54Speaker 1: easy to bring in, incredibly powerful, easy to overdose on.
- 14:59Speaker 1: And a lot of the deaths associated with the last
- 15:02Speaker 1: fifteen years or ten years.
- 15:05Speaker 2: Have resulted from Fenton off because.
- 15:07Speaker 1: A lot of the overdose deaths, a lot of the
- 15:10Speaker 1: kind of epidemic of drug deaths that have happened over
- 15:15Speaker 1: the last twenty years happened from people using legal drugs
- 15:21Speaker 1: that they managed to get prescribed or you know, things
- 15:26Speaker 1: like oxycotton and things like that. So you know, you
- 15:30Speaker 1: can get high without doing something illegal, without going the
- 15:34Speaker 1: illegal route. But now you can find fentanyl and heroin, oxycotton, cocaine, methamphetamines,
- 15:44Speaker 1: even in xanax. And of course this is all the
- 15:51Speaker 1: consequence of it being illegal, you know illegal. If you
- 15:56Speaker 1: make something illegal, what happens. It distorts spics, demand stays high.
- 16:03Speaker 1: You know, making something illegal doesn't necessarily reduce demand that much.
- 16:08Speaker 2: Supply becomes very very.
- 16:10Speaker 1: Risky risk of a risk, it's the violence risk of
- 16:12Speaker 1: asset forfeitures, so higher prices because very few people are
- 16:17Speaker 1: willing to enter the field because of the risk. Higher
- 16:20Speaker 1: prices to compensate for the risk. Higher prices mean higher
- 16:26Speaker 1: profits for every everything that actually gets sold. You don't
- 16:30Speaker 1: get real competition price competition. Competition is all over violence,
- 16:36Speaker 1: it's all over dominance. What prohibition creates are monopolies, monopolies
- 16:42Speaker 1: over certain areas, and the only way to break into
- 16:46Speaker 1: that area and create competition is by killing the people
- 16:49Speaker 1: in the area and taking it over. So prohibition raisors
- 16:57Speaker 1: revenue for criminal organizations and actually does very little to
- 17:02Speaker 1: reduce demand. Now what else, Now, what else does it do? Now?
- 17:14Speaker 1: You know, it's just the criminality size, the economies of scale.
- 17:19Speaker 1: You have to beat bribes again, you have to buy
- 17:23Speaker 1: weapons for the for the for the inevitable wars between
- 17:26Speaker 1: the cartels. You you have to go into you know,
- 17:30Speaker 1: you go into other criminal activities. You have to have
- 17:33Speaker 1: finance smuggling networks. It's difficult. You have to build tunnels
- 17:36Speaker 1: under the US border or whatever it is, or boats
- 17:39Speaker 1: to go around it. It's expensive. So scale matters. You
- 17:43Speaker 1: need huge profits. So there's a huge incentive to engage
- 17:47Speaker 1: in violence to create big cartails rather than small cartails.
- 17:51Speaker 1: And one of the ways in which you inhibit competition
- 17:56Speaker 1: is by being extraordinarily violent. Like if you start killing
- 18:02Speaker 1: huge numbers of the opposition of the competitors, new competitors
- 18:07Speaker 1: don't arise, they don't want to mess with you. The
- 18:10Speaker 1: more enforcement is, the more violence there is, the more
- 18:15Speaker 1: you raise the cost of supplying the good, the more
- 18:19Speaker 1: the incentive is for strong, dominant you know, cottels to
- 18:25Speaker 1: dominate everybody else. Now there's also a huge incentive to innovate.
- 18:31Speaker 1: I mean, there's innovation when it comes to trafficking methods, tunnels, drones, submarines,
- 18:41Speaker 1: sticking the drugs, I don't know, swallowing them, put them in,
- 18:44Speaker 1: you know, all kinds of stuff upper and literally opening
- 18:47Speaker 1: people up, putting them in and closing them up. Also
- 18:51Speaker 1: higher potency drugs because you want to pro weight your carrying.
- 18:55Speaker 1: You want to maximize potency fentanyl for example. And of
- 19:00Speaker 1: course one of the big incentives that happens because of
- 19:05Speaker 1: prohibition is the incentive to corrupt the police and the
- 19:09Speaker 1: political institutions to bribe them, and the incentives that the
- 19:13Speaker 1: police have, you know, to take a bribe for not
- 19:18Speaker 1: enforcing a victimless Remember there's no victim in drug there's
- 19:24Speaker 1: supplying demand, there's a there's a cell and a buyer,
- 19:28Speaker 1: and you know they're just acting based on their values.
- 19:32Speaker 2: There's no there's no there's nobody here who's a victim.
- 19:39Speaker 1: So the war on drugs is a massive, catastrophic failure,
- 19:46Speaker 1: unmitigated failure. And the economics of it straightforward, The politics
- 19:52Speaker 1: of it are straightforward. This is a means by which
- 19:55Speaker 1: the government gains more power, gains more weapons, gains more control,
- 20:00Speaker 1: gains more surveillance, gains more excuses to monitor you, and
- 20:05Speaker 1: to build up a domestic military force to go after
- 20:09Speaker 1: the cartels. But for what to prevent them selling a
- 20:14Speaker 1: good Americans want to buy. It's just like alcohol. Probition
- 20:19Speaker 1: of alcohol created the modern mafia. The mafia that we
- 20:23Speaker 1: see in the movies all created during prohibition. Prohibitions create
- 20:28Speaker 1: organized crime. All right's stress forward to Biskey today. You
- 20:34Speaker 1: know Trump came in and this is a big item
- 20:37Speaker 1: in his agenda. Right, we were gonna go to war
- 20:41Speaker 1: with the cartels. We were gonna invade Mexico. We were
- 20:44Speaker 1: going to go after China for selling fentanyl. Of all
- 20:48Speaker 1: China sins, China sells, Chinese companies sell the the the
- 20:57Speaker 1: chemicals used to create fentanyl to Mexican cartels who then
- 21:03Speaker 1: make the fentanyl in Mexico and smuggle it into the
- 21:05Speaker 1: United States. And and a lot of some of this
- 21:08Speaker 1: has to do with the fact that, you know, if
- 21:12Speaker 1: Chinese wants to get his money out of China, one
- 21:16Speaker 1: way to do that is to get the cartels to
- 21:19Speaker 1: buy him a house or or a luxury condo in
- 21:25Speaker 1: Los Angeles, and in exchange, the cartel gets a bunch
- 21:30Speaker 1: of a bunch of.
- 21:32Speaker 2: Chemicals to make fentanyl.
- 21:33Speaker 1: So it's a way of the Chinese to get money
- 21:36Speaker 1: out of China, and it's a way for the cartels
- 21:39Speaker 1: to get their fentanyl. Anyway, Trump comes in, I mean
- 21:42Speaker 1: he clearly, you know, he's anti drugs.
- 21:45Speaker 2: It plays with his audience.
- 21:48Speaker 1: You know, Maga hates crime or they say they hate crime,
- 21:51Speaker 1: they hate drugs, And it really does seem like, you know,
- 21:55Speaker 1: they want to they want the criminals in jail. They
- 21:59Speaker 1: want uh, you know, make the war on drugs a
- 22:03Speaker 1: big deal. They want to. You know, fentanyl is a killer,
- 22:06Speaker 1: and if you smuggle fentalon into the country, you are
- 22:10Speaker 1: killing Americans. You're not selling Americans a product that then
- 22:13Speaker 1: kills them, you are literally killing Americans. So yeah, you know,
- 22:22Speaker 1: go after the thugs. This is this is Trump's possey.
- 22:29Speaker 1: You know, go after the people that you suspect might
- 22:35Speaker 1: be smuggling drugs in particularly if you've got another agenda.
- 22:38Speaker 1: We talked about this yesterday with Venezuela. Blow them out
- 22:41Speaker 1: of the water, kill them all. Who cares, You don't care.
- 22:43Speaker 1: This is tough on them. But then you wonder if
- 22:48Speaker 1: he's really that tough on drugs, if he really cares
- 22:51Speaker 1: that much on drugs and drugs coming into this country,
- 22:56Speaker 1: then why is he just partoned I mean today pardoned
- 23:01Speaker 1: one of the world's biggest drug dealers, the former president
- 23:06Speaker 1: of Honduas. And here's to think about Trump. Trump hates
- 23:15Speaker 1: petty gangsters, violent criminals, people standing in the corner street,
- 23:22Speaker 1: you know, selling drugs, and and and and the the
- 23:27Speaker 1: the various uh people smuggling the drugs into the United States.
- 23:31Speaker 1: Hates that. That's awful. But when it comes to political leaders,
- 23:40Speaker 1: you know, crime generally is okay. I mean, everybody does it.
- 23:44Speaker 1: We all do it, We all kill people, right. You know,
- 23:49Speaker 1: it's no accident that this drug kingpin that he just released,
- 23:53Speaker 1: that he's pardoned, was the former president of a country
- 23:57Speaker 1: that he's suddenly showing a lot of interesting because there's
- 24:00Speaker 1: an election there and he wants his guy to win,
- 24:04Speaker 1: so he releases him. Now, who knows what kind of
- 24:07Speaker 1: back back office deals were made.
- 24:10Speaker 2: I don't know.
- 24:11Speaker 1: Some of Trump's supporters. I was reading some big shots
- 24:15Speaker 1: within the MAGA, like this guy from Hondua's and were
- 24:19Speaker 1: lobbying Roger Stone. I think was lobbying on his behalf.
- 24:23Speaker 1: I mean, think about the way he treated conference MBS
- 24:29Speaker 1: Muhammad bin Suliman, who killed an American reporter, slaughtered him.
- 24:37Speaker 1: That's okay, no big deal. If you're a president who
- 24:41Speaker 1: kills people, that's okay. You're above the law. You shouldn't
- 24:45Speaker 1: go to jail. I mean, he keeps saying Nataniel should
- 24:49Speaker 1: be pardoned in Israel, not because he thinks Antennio is innocent,
- 24:52Speaker 1: but because he's a prime minister. You shouldn't go You
- 24:55Speaker 1: shouldn't be able to go after a president or a
- 24:58Speaker 1: prime minister or a king or you know, you shouldn't
- 25:01Speaker 1: be able to go after these guys. Putin kills, Yeah,
- 25:04Speaker 1: and nobody goes after Putin. He's completely comfortable with, you know,
- 25:14Speaker 1: political leaders doing just horrific stuff. But yeah, kill those
- 25:22Speaker 1: people in the boats don't even show any evidence that.
- 25:27Speaker 2: Anything.
- 25:29Speaker 1: I mean, this guy, this President Hernandez, this is an invigation,
- 25:35Speaker 1: investigation that the Trump administration started against his brother back
- 25:39Speaker 1: in twenty eighteen. His brother was indicted in twenty to
- 25:43Speaker 1: eighteen and convicted in twenty nineteen. And you know that
- 25:49Speaker 1: ultimately led to Hernandez himself, to the president. This is
- 25:55Speaker 1: not some random guy. This is not some conspiracy. This
- 25:59Speaker 1: is these guys, you know, this is this is something
- 26:03Speaker 1: the the justice around pursuit for a long time and
- 26:11Speaker 1: got a conviction. Now again, I'm for legalizing all this stuff,
- 26:15Speaker 1: but got a conviction and put him in jail. And
- 26:17Speaker 1: the accusation was that he was responsible with the smuggling
- 26:20Speaker 1: in of massive quantities of cocaine into the United States.
- 26:27Speaker 1: Doesn't matter.
- 26:27Speaker 2: He's a former president.
- 26:29Speaker 1: He's got friends in high places pardon him to help
- 26:32Speaker 1: with to help with war and drugs. You know, I'll
- 26:36Speaker 1: say that at one side of my mouth, and you
- 26:39Speaker 1: know it's it's a complete disgrace, and it shows how
- 26:44Speaker 1: ridiculous it is. You're going to kill the mules, alleged mules.
- 26:48Speaker 1: You don't even know they all mules. You don't even
- 26:49Speaker 1: know they're carrying drugs with no due process, no due process.
- 26:54Speaker 1: But the drug lord. Let him go. Let him go.
- 27:00Speaker 1: We don't want him in our jails. Let him go.
- 27:05Speaker 1: By the way with this, uh, you know, the the
- 27:07Speaker 1: boat that was bombed and then two people survived and
- 27:11Speaker 1: they held on and a second bomb killed them.
- 27:15Speaker 3: Uh.
- 27:16Speaker 1: The White House spokesling today said that that was done
- 27:20Speaker 1: as an act of self defense.
- 27:26Speaker 2: Yeah, because those.
- 27:27Speaker 1: Two were gonna, I don't know, they were gonna they
- 27:29Speaker 1: were gonna swim to the closest navy I don't know,
- 27:33Speaker 1: frigate and and kill the sailors on board. So they
- 27:37Speaker 1: had to take them out. Otherwise they would have been
- 27:39Speaker 1: a direct threat to America. I mean, it really is.
- 27:46Speaker 1: It really is stunning. Uh, the just the callous way
- 27:51Speaker 1: in which they treat human life. And you know, the
- 27:56Speaker 1: drug smugglers. Okays, when do we in the United States
- 28:01Speaker 1: just execute drug smugglers with no trial, with nothing, just
- 28:07Speaker 1: execute them straight up. I mean it really is a
- 28:12Speaker 1: new low I think for the United States in the past.
- 28:16Speaker 1: By the way, when the Coast Guard stopps boats in
- 28:19Speaker 1: the Caribbean and searches them for drugs, a significant percentage
- 28:23Speaker 1: twenty one percent of the boats stop by the Coast
- 28:26Speaker 1: Guard off the coast of Venezuela, where they thought they
- 28:30Speaker 1: were smuggling drugs, they find no drugs. So there's a
- 28:35Speaker 1: good chance the twenty percent of these boats that the
- 28:37Speaker 1: Navy is blowing out of the water and killing people
- 28:40Speaker 1: for they're not even carrying drugs. They might be just fishermen,
- 28:45Speaker 1: like some of their families are claiming. But this is
- 28:50Speaker 1: the new attitude, This is the new attitude of the
- 28:52Speaker 1: American rate. Life doesn't matter, particularly if that light belongs
- 28:58Speaker 1: to somebody who doesn't look quite like you.
- 29:00Speaker 2: Particularly that life.
- 29:01Speaker 1: Belongs to somebody who lives south of the border who
- 29:04Speaker 1: might one day become a God forbid of a legal immigrant.
- 29:07Speaker 1: Might as well blow them out of the water. Now,
- 29:09Speaker 1: why give them even the opportunity. Again, these boats cannot
- 29:14Speaker 1: reach the United States. They're not smuggling drugs into the
- 29:16Speaker 1: United States, even if they're moving drugs. But even if
- 29:19Speaker 1: they're moving drugs, since when do we summarily execute suspect
- 29:24Speaker 1: their drug dealers. But here's the thing.
- 29:29Speaker 2: I want to show you this. This is Megan Kelly.
- 29:31Speaker 1: I guess this is Megan Kelly. You've got to listen
- 29:34Speaker 1: to this I find it chilling, horrifying. She's talking about
- 29:42Speaker 1: this incident with the boat, and listen to how she
- 29:50Speaker 1: I mean, yeah, just listen to this. I don't know
- 29:54Speaker 1: how to describe it because it's so I find it
- 29:56Speaker 1: so horrifican, you know, making Kelly. This is not techer
- 29:59Speaker 1: call said a point just so though she's friendly with Taka,
- 30:02Speaker 1: this is making Kelly, who used to be pretty mainstream
- 30:05Speaker 1: Fox kind of mainline contributor, and what she says here
- 30:10Speaker 1: is nuts and reveals a really, really, really really doc soul.
- 30:20Speaker 4: So I really do kind of not only want to
- 30:22Speaker 4: see them killed in the water, whether they're on the
- 30:25Speaker 4: boat or in the water, but.
- 30:26Speaker 3: I'd really like to see them suffer.
- 30:28Speaker 4: I would like Trump and Hegseth to make it last
- 30:31Speaker 4: a long time so that they lose a limb and
- 30:33Speaker 4: bleed out a little like, I'm really having a difficult
- 30:36Speaker 4: time ginning up sympathy for these guys who ten seconds
- 30:41Speaker 4: earlier almost got taken out by the initial bomb, but
- 30:45Speaker 4: because they managed to get ejected, you know a little.
- 30:48Speaker 1: Too soon, had to be taken out in the water.
- 30:51Speaker 4: I realized, legally it may make a difference, but truly, Mark,
- 30:53Speaker 4: this is a tough case to really gin up the
- 30:55Speaker 4: sympathies of the American people.
- 30:57Speaker 1: Really, she doesn't want to just see them die. She
- 31:05Speaker 1: wants to see them suffer slowly. She wants to see
- 31:08Speaker 1: them bleed out. Why did they kill her family? Are
- 31:14Speaker 1: these the terrorists who ran the plane into the you
- 31:18Speaker 1: know will Trade center? Are these isis terrorists who have
- 31:23Speaker 1: just decapitated your family members or trying to get themselves
- 31:28Speaker 1: into the United States to kill you know who knows who? Speechless,
- 31:39Speaker 1: I guess she wants to see them bleed them out.
- 31:42Speaker 1: She wants them to suffer. Is it's just you know people, Yeah,
- 31:48Speaker 1: maybe maybe we don't even know this smuggling drugs. So
- 31:54Speaker 1: to your pals, Megan, who are using them? How many
- 31:57Speaker 1: of Megan Kelly's pals used drugs? How many drugs are
- 32:01Speaker 1: used by interns you know in in Congress? How many
- 32:07Speaker 1: drugs are used in Wall Street? How many drugs are
- 32:09Speaker 1: used in Silicon Valley. All these places use drugs, Silicon Valley, LSD,
- 32:15Speaker 1: you know, Wall Street cocaine. But they all use drugs.
- 32:20Speaker 1: But the people who deliver the drugs not even to
- 32:23Speaker 1: the United States, probably from you know, Venezuela to somewhere
- 32:27Speaker 1: in Central America or to one of the islands, or somewhere.
- 32:31Speaker 1: They deserve a slow, tortuous death. I mean, Magan Kelly,
- 32:36Speaker 1: if she had a way, I guess she would introduce
- 32:39Speaker 1: torture into the American justice system. Of course, we you know,
- 32:44Speaker 1: why call it a justice system. This is mainstream, right,
- 32:50Speaker 1: this is just standard. Right. She's a psycho, I mean, yeah,
- 33:03Speaker 1: but this is this is them. They just hate they hate.
- 33:08Speaker 1: These people are dark skinned. Uh and uh, they come
- 33:12Speaker 1: from Venezuela, a shithole country, and they don't deserve to live.
- 33:16Speaker 1: They just don't deserve to live, and they deserve somehow, somehow,
- 33:20Speaker 1: they deserve to die solely. I mean, there's a if
- 33:24Speaker 1: there was hell, you know, sadly there isn't, I guess.
- 33:27Speaker 1: But if there was hell, there's a special place for
- 33:30Speaker 1: people like Megan Kelly in Hell. And it's and it's
- 33:34Speaker 1: in one of those lower rungs, very low rungs. It's
- 33:39Speaker 1: just disgusting. And again, this is making Kelly. It's not
- 33:44Speaker 1: fuint As or somebody. All right. Uh, let's see Hong Kong.
- 33:52Speaker 1: So there's a horrific fire in Hong Kong, in a
- 33:56Speaker 1: in a a an apartment complex was several buildings, and
- 34:02Speaker 1: the fire jump from building to building burned down I
- 34:07Speaker 1: think about five buildings overall. Over at least one hundred
- 34:10Speaker 1: and fifty one people have been killed from this fire,
- 34:15Speaker 1: and there's still a lot of people missing, and so
- 34:21Speaker 1: the number is probably going to increase. Just powable, I
- 34:25Speaker 1: mean for the people living there and the people who've
- 34:28Speaker 1: lost relatives. Anyway, this is going to be and is
- 34:31Speaker 1: already an excuse for people to say, see capitalism. This
- 34:36Speaker 1: is all about contractors who are trying to save money.
- 34:40Speaker 1: This is what happens when you have a place like
- 34:42Speaker 1: Hong Kong where you have less fair capitalism and you
- 34:45Speaker 1: have freedom and all of this stuff. Because it turns
- 34:48Speaker 1: out that the netting they were doing renovations in the
- 34:51Speaker 1: building and the netting they put outside some of it,
- 34:55Speaker 1: most of it was fire retarded, but some of them
- 34:57Speaker 1: it was not supposedly to save money, and it caught
- 35:02Speaker 1: fire and then expanded from netting to netting and took
- 35:05Speaker 1: down the buildings. A number of people have already been
- 35:08Speaker 1: arrested because of this as part of the negligence. Associated
- 35:13Speaker 1: with this criminal negligence, there were inspections there were officials
- 35:22Speaker 1: carried out sixteen inspections of their innovations since July twenty
- 35:26Speaker 1: twenty four. They had warned the contractors supposedly multiple times
- 35:30Speaker 1: in writing that they had to meet fire safety requirements.
- 35:36Speaker 1: Of course, there's an investigation now. The one thing they're
- 35:38Speaker 1: not investigating is the actual government or the government inspectors
- 35:43Speaker 1: or the owners of the buildings. Because what is interesting is,
- 35:49Speaker 1: you know, Hong Kong's loves a fair and almost every
- 35:53Speaker 1: sector except one. There's only one sect in Hong Kong
- 35:56Speaker 1: that is not at all, you know, loves effeir, and
- 36:01Speaker 1: that is housing. I don't know if you knew this,
- 36:06Speaker 1: but the fact is that all the land in Hong Kong,
- 36:09Speaker 1: all the land in Hong Kong is owned by the
- 36:11Speaker 1: government and always has been. Property is not sold. It's
- 36:18Speaker 1: provided on lease to developers. The leases are typically fifty
- 36:22Speaker 1: to ninety nine years. The state controls all the land
- 36:27Speaker 1: auctions and all the land leases, so it sets the
- 36:32Speaker 1: land supply. It influences land prices directly. And you know,
- 36:40Speaker 1: prices of Hong Kong real estate have always been horrifically
- 36:43Speaker 1: high because they've been kept that way by the government.
- 36:46Speaker 1: So Hong Kong is a free market economy built on
- 36:50Speaker 1: a state land monopoly which limits the supply of land.
- 36:57Speaker 1: In addition to that, and this is interesting, forty five
- 37:04Speaker 1: to fifty percent of the population live in public rental
- 37:09Speaker 1: housing or in subsidized home ownership schemes, although you don't
- 37:14Speaker 1: really own your home. The Hong Kong Housing Authority provides
- 37:20Speaker 1: rental housing and sub subsidies for apartment sales, and the
- 37:26Speaker 1: Hong Kong Housing Society different from the Authority, which also
- 37:30Speaker 1: provides housing programs. Not surprising, these buildings that burned down
- 37:38Speaker 1: were owned by the Hong Kong Housing Authority. These were
- 37:44Speaker 1: government built houses, renovations funded by the government. You know,
- 37:51Speaker 1: contractors are hired by the government. This is a government project.
- 37:58Speaker 1: This is not an example of las fak capitalism in
- 38:00Speaker 1: any shape or form. And you know, housing in Hong
- 38:09Speaker 1: Kong amazingly you know, run by the government, run by
- 38:14Speaker 1: the government. So again I.
- 38:18Speaker 2: Note that Hong Kong's laws a fait.
- 38:22Speaker 1: Pretty much in every other realm except I mean, they've
- 38:27Speaker 1: got regulations in a bunch of different places, but relatively minor,
- 38:31Speaker 1: except in housing, where they control not only supply of land,
- 38:35Speaker 1: but they build and own and run and subsidize fifty
- 38:39Speaker 1: percent of all the housing in Hong Kong. So don't
- 38:43Speaker 1: let anybody tell you when there's a housing issue in
- 38:45Speaker 1: Hong Kong that it's an example of Las fait gone crazy.
- 38:51Speaker 1: It's not. It's another example of government intervention and the
- 38:55Speaker 1: government role in the economy makes things crazy. All right.
- 39:00Speaker 1: Let me just remind you before we talk about failure.
- 39:04Speaker 1: Let me just remind you of our super chat and
- 39:08Speaker 1: the need to meet targets and the way in which
- 39:12Speaker 1: you can set the content of the show by asking
- 39:16Speaker 1: questions and me answering them. So please feel free to
- 39:20Speaker 1: jump in with questions or with stickers, or any way
- 39:24Speaker 1: any other way you would like to. Yeah, those are
- 39:27Speaker 1: the two ways to support the show. Questions are great
- 39:31Speaker 1: because that way you also guide the topics.
- 39:33Speaker 2: And the content of the show.
- 39:36Speaker 1: We do have targets two hundred and fifty an hour.
- 39:39Speaker 1: We're still on the first hour, you know, and so
- 39:43Speaker 1: we've got two hundred dollars to go just to make
- 39:45Speaker 1: the first hour, and we're ready forty minutes into it.
- 39:48Speaker 1: So we've got twenty minutes to raise two hundred dollars.
- 39:53Speaker 1: And today is Giving Tuesday for whatever that means giving Tuesday.
- 40:00Speaker 1: Don't give me out of charity, give me out of
- 40:02Speaker 1: value for value as a trade. All right, last week
- 40:12Speaker 1: I think he was Let's see when was this When
- 40:14Speaker 1: was this story? Yeah, November twenty seven, So last week
- 40:19Speaker 1: there were a couple of stories, one in the Wall
- 40:20Speaker 1: Seat Journal and one in Router's that described the constant
- 40:28Speaker 1: failure of and and and duels and Duell is a
- 40:35Speaker 1: what is it. It's a high tech defense contractor a
- 40:39Speaker 1: run owned created by Palmer Lucky the young billionaire. Anyway,
- 40:46Speaker 1: describing all the failures then Anderill has gone through Andreill.
- 40:52Speaker 2: You know, producers drones, It produces.
- 40:57Speaker 1: Unmanned boats, onmanned submarines, all these things. And and it's
- 41:00Speaker 1: just the whole article is just a description of all
- 41:02Speaker 1: the ways in which they, you know, the technology uh
- 41:07Speaker 1: keeps failing. And it's it's really critical of of all
- 41:12Speaker 1: these failures uh in uh in the tech. And it's
- 41:21Speaker 1: really sad to see because and the all is really
- 41:28Speaker 1: and the Earl is really just practicing what Silicon Valley does.
- 41:33Speaker 1: It's just practicing kind of the ethos of Silicon Valley,
- 41:38Speaker 1: the ethos of you know, SpaceX, but really of the value.
- 41:42Speaker 1: In general, you don't put out products that are perfect.
- 41:49Speaker 1: You expect a certain level of failure. You learn for
- 41:53Speaker 1: that failure, you respond quickly to that failure, You fix
- 41:56Speaker 1: that failure, and.
- 41:57Speaker 4: You go on.
- 42:01Speaker 2: And you can't. You can't.
- 42:06Speaker 1: Succeed unless you're willing to accept failure as part of
- 42:11Speaker 1: the process, unless you're willing to accept how many times
- 42:15Speaker 1: did the rockets explode? For Musk before they got a
- 42:22Speaker 1: perfect launch. Every time it exploded, they learned something new
- 42:31Speaker 1: and got closer to making it work. And indeed, that's
- 42:38Speaker 1: how you learn the problem with the American defense industry
- 42:42Speaker 1: is that they try to make perfect products. They try
- 42:45Speaker 1: to produce the ultimate, and as a consequence, it takes
- 42:51Speaker 1: them forever to produce anything. They go way over budget,
- 42:57Speaker 1: and of course they're never perfect. Andrew is trying to
- 43:04Speaker 1: change the way that defends the bug works. It's putting
- 43:09Speaker 1: products into play, into real combat situations, for example in Ukraine,
- 43:15Speaker 1: or into real trials, for example in navy exercises in
- 43:20Speaker 1: order to test the technology, find the bugs and fix them.
- 43:25Speaker 1: For example, some of its boats you know failed in
- 43:29Speaker 1: this naval attempt. There was a bug in the soft
- 43:32Speaker 1: way they fix the bug three days later, they redeployed,
- 43:40Speaker 1: worked perfectly. You want to fix the bug now, not
- 43:46Speaker 1: when you're using them against the Chinese Navy and suddenly
- 43:49Speaker 1: it all fails. But this is the whole attitude of
- 43:55Speaker 1: Silicon vality. You build, build, build, and you constantly fix.
- 44:00Speaker 2: And this used to be the way other fence contractors
- 44:04Speaker 2: used to work. You know, when they first tested.
- 44:10Speaker 1: What would become the ICBM, the Intercontinental Ballistic Missile problem program.
- 44:17Speaker 1: When they first when they first tested these missiles, the
- 44:23Speaker 1: missiles often exploded on the launch pad. It took them
- 44:31Speaker 1: a long time to get it right. You know. THO,
- 44:36Speaker 1: which was the initial intermediate range ballistic missile, you know,
- 44:42Speaker 1: it blew up after rising eighteen inches off the ground.
- 44:48Speaker 1: And the response was not, oh my god, this company
- 44:52Speaker 1: is a failure. They don't know what they're doing. Fire
- 44:54Speaker 1: the guy in charge of it, you know, bring on
- 44:57Speaker 1: somebody new, you know, don't stop following, you know, stop
- 45:02Speaker 1: stop the project. It was the opposite. Everybody is that
- 45:06Speaker 1: this is what was going to be required. They learned
- 45:10Speaker 1: from this. They kept on working, they kept on trying,
- 45:13Speaker 1: they kept on failing, and they succeeded. Indeed, the guy
- 45:20Speaker 1: responsible for the failure wasn't fired, he was celebrated, and
- 45:28Speaker 1: he ultimately is the guy responsible for an entire intercontinental
- 45:33Speaker 1: ballistic missile program that the United States has.
- 45:35Speaker 2: His name was his name was Schweiver.
- 45:38Speaker 1: Schweiver. They actually, you know, he is known as the
- 45:46Speaker 1: founder of ICBMs, and I guess his name is emblazoned
- 45:54Speaker 1: on the Space Force base in Colorado Springs. So you know,
- 46:03Speaker 1: it used to be a time when we understood that, yeah,
- 46:06Speaker 1: you're gonna try stuff, you're gonna fail. And this goes
- 46:11Speaker 1: to the whole attitude I think in America today a safetysm,
- 46:15Speaker 1: safety ism, attitude, and attitude that celebrates safety and emphasize
- 46:20Speaker 1: the safety. We'll get to this again at the end
- 46:22Speaker 1: of at the end of the segment when we talk
- 46:24Speaker 1: about WEIMO instead of risk taking, instead of embracing failure,
- 46:30Speaker 1: embracing the idea that things will fail. And indeed, you
- 46:36Speaker 1: know in life you're going to fail in life. You're
- 46:38Speaker 1: going to fail in life. Embrace that, build on it,
- 46:42Speaker 1: learn from it so that you can be successful. There
- 46:45Speaker 1: is no success without failure. So when you read these
- 46:49Speaker 1: stories that are just long lists of all the things
- 46:51Speaker 1: that have gone wrong, be skeptical. Be skeptical. All right,
- 47:05Speaker 1: let's talk quickly about NATO. You know, Uh, there's a
- 47:10Speaker 1: big meeting today of of NATO foreign ministers, the meeting
- 47:17Speaker 1: in Brussels. It's an annual thing and you know, Americans
- 47:22Speaker 1: always show up. America is the number one member of NATO.
- 47:29Speaker 1: This year a secondary Rubio decided not to go, and uh,
- 47:36Speaker 1: you know there's an empty chair there with with no America. Basically,
- 47:41Speaker 1: the US is saying to Europe, you're on your own,
- 47:45Speaker 1: good luck.
- 47:47Speaker 4: Uh.
- 47:48Speaker 1: In the meantime, with cough and and and uh, his
- 47:52Speaker 1: buddy Putin are sitting down and negotiating a deal without
- 47:58Speaker 1: bringing in the Europeans or the Ukrainians to figure this out.
- 48:02Speaker 1: You know now, because Ukraine has some input into this deal.
- 48:06Speaker 1: Over the weekend, Russia wasn't happy with what they're proposed
- 48:10Speaker 1: by Wikoff. So we're still not close to the deal.
- 48:12Speaker 1: But one thing is clear. Europe is being cut out, police,
- 48:18Speaker 1: cut out by the Trump administration, and who knows what
- 48:21Speaker 1: the attitude will be in with future administrations. Europe continues
- 48:27Speaker 1: to buy F thirty five's in the United States. So
- 48:29Speaker 1: what when the United States doesn't approve of a European
- 48:32Speaker 1: War and cuts back on their support for those f
- 48:35Speaker 1: thirty fives. I think Europe is more and more and
- 48:40Speaker 1: more it's already realized this, but it's more and more realizing,
- 48:43Speaker 1: and I think today was kind of a wake up
- 48:44Speaker 1: call for them again. They're on their own, and they're
- 48:48Speaker 1: going to be on their own Visa v. Russia because
- 48:50Speaker 1: America is not helping, not even sure America will arm them,
- 48:55Speaker 1: never mind sens troops to help them. And you know,
- 48:59Speaker 1: maybe the long term is for the better, but there
- 49:04Speaker 1: are way better ways to do this than this kind
- 49:06Speaker 1: of stab your ally in the back method that the
- 49:11Speaker 1: Trump administration is engaging in. So yeah, I mean, Russian
- 49:22Speaker 1: and phil shials are saying that, you know, there's a
- 49:27Speaker 1: lot of work ahead in terms of the peace talks,
- 49:30Speaker 1: and it's constructive and we're working in the right direction,
- 49:34Speaker 1: but clearly the Russian is not Russia is not interested
- 49:36Speaker 1: in compromise. It's just not interested in compromise. Ukraine keeps
- 49:42Speaker 1: giving a little bit more and a little bit more
- 49:44Speaker 1: under pressure from the United States, and Russia keeps saying, no,
- 49:48Speaker 1: we want to go back to what we originally demanded.
- 49:50Speaker 1: We're not going to compromise. The Russians have been clear
- 49:57Speaker 1: that no, you know, they will not compromise. They found
- 50:01Speaker 1: no deal. And Trump keeps trying because he loves Putin
- 50:06Speaker 1: and yeah, and because I mean we talked about this,
- 50:10Speaker 1: I think the other day.
- 50:11Speaker 2: Because she's been promised.
- 50:13Speaker 1: Vast I mean, huge, humongous economic opportunities if he signs
- 50:21Speaker 1: off of this, including by some accounts, a very juicy
- 50:25Speaker 1: real estate deal right across from the Kremlin on Red
- 50:30Speaker 1: Square itself, Trump Tower, mall. Who knows what to be
- 50:36Speaker 1: to be determined? Right, Yeah, the most corrupt government in
- 50:43Speaker 1: American history does not does not disappoint all right, Let's see, Yeah,
- 50:52Speaker 1: you know the Swiss, the Swiss.
- 50:55Speaker 2: Amazing. So there was a leftist group in Switzerland.
- 51:01Speaker 1: Decided, like a lot of europe decided that they that
- 51:05Speaker 1: it was time to start taxing the rich to a
- 51:08Speaker 1: lot of rich people in Switzerland, and they wanted to
- 51:10Speaker 1: impose a inheritance and gift tax of fifty percent on estates. Right,
- 51:18Speaker 1: so on estates if anything over what is it forty
- 51:26Speaker 1: seven million pounds or let's say fifty million dollars, it's
- 51:31Speaker 1: more than fifty million dollars, but anything over that, anything
- 51:34Speaker 1: over that they wanted a fifty percent tax. And in Switzerland,
- 51:39Speaker 1: in order to get things like this approved, you have
- 51:42Speaker 1: to go through a referendum where everybody gets to vote.
- 51:46Speaker 1: The entire public gets to vote. Even the government was
- 51:50Speaker 1: opposed to this, but this was proposed by a far
- 51:52Speaker 1: left Young Socialist party. A lot of people were worried
- 51:55Speaker 1: because of the kind of the populist winds blowing through
- 51:58Speaker 1: Europe that would affect Switzerland and you know, take money
- 52:02Speaker 1: from the rich and redistributed, and England's trying to do that,
- 52:06Speaker 1: and all the people left, and there was a real
- 52:09Speaker 1: risk that, I mean, this was a reality. If Switzerland
- 52:13Speaker 1: had passed this, rich people would have left, and people
- 52:17Speaker 1: were preparing for this. Federal government lobbied against it because
- 52:22Speaker 1: they would oppose the initiative.
- 52:23Speaker 3: It.
- 52:25Speaker 2: You know, Switzerland's want of swisslm's big appeal.
- 52:27Speaker 1: One of the things that carries its economy is the
- 52:30Speaker 1: fact that it's a pretty good place for rich people
- 52:32Speaker 1: to go live and they're going to be taxed at
- 52:34Speaker 1: a pretty low rate. This would have killed that. Places
- 52:39Speaker 1: like Dubai, Abu Dhabi, Hong Kong, Singapore. I'm making huge
- 52:43Speaker 1: text concessions to get rich families to move over there.
- 52:47Speaker 1: Switzerland does not want to, and a lot of them
- 52:50Speaker 1: have from London, for example. Switzerland does not want to
- 52:54Speaker 1: be anyway. The vote was held this weekend on Sunday,
- 52:58Speaker 1: and it wasn't close. It wasn't he been close. Seventy
- 53:00Speaker 1: nine of the Swiss public objected rejected the initiative. Forty
- 53:09Speaker 1: of the population participated, seventy nine percent voted against, and
- 53:15Speaker 1: people were worried about a very narrow defeat. If it
- 53:17Speaker 1: had been close, maybe they would have come back with
- 53:20Speaker 1: something like only a twenty five percent tax or fifty
- 53:23Speaker 1: percent on people with one hundred and fifty millions, that
- 53:26Speaker 1: fifty million, they would have changed it. But a defeat
- 53:29Speaker 1: like this basically makes it now for sure that they're
- 53:32Speaker 1: just not going to come back with another referendum like this, right,
- 53:38Speaker 1: So no inheritance stacks of fifty percent in Switzerland. Switzerland
- 53:43Speaker 1: usually comes through on these things. And that's good. That's good,
- 53:53Speaker 1: all right, let's see yeah quickly. On Costco, Costco is
- 54:00Speaker 1: sued sued the Trump administration over tariffs. Even though the
- 54:08Speaker 1: case is not in front of the Supreme Court, a
- 54:11Speaker 1: bunch of companies are suing the government because they're afraid
- 54:17Speaker 1: that if they don't sue the government and the Supreme
- 54:20Speaker 1: Court rules that the tariffs are illegal, then they will
- 54:26Speaker 1: not get the money back. That is, only companies that
- 54:33Speaker 1: are in the pipeline with lawsuits against the government over
- 54:36Speaker 1: the tariffs will be deemed eligible for a refund of
- 54:40Speaker 1: the tariffs. So a bunch of companies, mostly small to
- 54:47Speaker 1: medium sized companies, have sued in trade court to get
- 54:52Speaker 1: their tariffs back while everybody waits for the Supreme Court
- 54:55Speaker 1: to decide. And today it was announced that Costco is
- 55:00Speaker 1: is trying to do is trying to do the same.
- 55:05Speaker 1: You know, usually companies wait for a quote ruling, but
- 55:09Speaker 1: here everybody's worried that the way it will be interpreted
- 55:13Speaker 1: will exclude them, and so they are suing in advance.
- 55:17Speaker 1: And of course the stakes are huge. We're talking about
- 55:19Speaker 1: billions of dollars of tariffs from the bottom line of
- 55:23Speaker 1: these companies, and so far Costco is the biggest name,
- 55:26Speaker 1: although companies like Revlin and Kawasaki, Mogatas and others have
- 55:30Speaker 1: also filed.
- 55:32Speaker 4: Uh.
- 55:32Speaker 2: And yeah, you know, we will see, we will see
- 55:36Speaker 2: what happened.
- 55:37Speaker 1: My guess is that you won't get ruling on these
- 55:41Speaker 1: lawsuits until the Supreme Court rules on the lawsuit in
- 55:46Speaker 1: front of them, which is the lawsuit that declare that
- 55:50Speaker 1: about whether the law the Trump used to impose the
- 55:54Speaker 1: tariffs is appropriate it is does the other constitution authority
- 56:00Speaker 1: to do it given that law? And uh, some indications
- 56:05Speaker 1: are that the serping Court is going to rule against Trump.
- 56:11Speaker 1: I'm hoping you can't you can't tell what this quote,
- 56:15Speaker 1: but they are hopeful signs that the court will actually
- 56:17Speaker 1: rule against Trump and and deem many of his tabis,
- 56:21Speaker 1: most of his tasks, not all of them, but most
- 56:23Speaker 1: of his tasks basically illegal and violating of the law.
- 56:27Speaker 1: That would be pretty amazing, pretty amazing, all right, all.
- 56:40Speaker 4: Right, So.
- 56:42Speaker 2: God, I'm going to show you a clip Offuentis.
- 56:46Speaker 1: I don't like showing you a Clipperfuentis, but you know,
- 56:50Speaker 1: I feel like we need to because he's in the news,
- 56:52Speaker 1: he's everywhere. We've talked about him a little bit, and
- 56:55Speaker 1: he is doing a masterful job. I have to say.
- 56:59Speaker 1: What he does is on his show on Rumble, he
- 57:05Speaker 1: is viciously anti Semitic, racist, horrific views of women, just
- 57:15Speaker 1: a just unbelievably horrific when I say he is a fascist,
- 57:21Speaker 1: that he that he admires Hitler and all these things,
- 57:25Speaker 1: people go, you know, it's.
- 57:28Speaker 2: From the show.
- 57:29Speaker 1: You can find clips of him exactly saying all that
- 57:32Speaker 1: he wants to kill Jews. You know, he is clearly antisemitic,
- 57:37Speaker 1: racist and a hit led Meyer. But when he goes
- 57:41Speaker 1: on these big podcasts like Tucker Cousins, but also others,
- 57:45Speaker 1: there's a bunch of them he's been on lately. He
- 57:48Speaker 1: was on what's his name, Patrick Bin David, He's been
- 57:50Speaker 1: on a bunch of others. He comes across and he says,
- 57:53Speaker 1: you know, I don't hate anybody. I'm not a racist,
- 57:56Speaker 1: I don't hate the Jews, I don't hate the Muslims.
- 57:58Speaker 1: I don't hate these people, and and and he just
- 58:02Speaker 1: plays it. And if that's all you see, then you know,
- 58:07Speaker 1: you could be fooled into thinking, well, okay, what's so
- 58:10Speaker 1: bad about I've seen people say I watched this techner
- 58:12Speaker 1: calls and interview. He's not that bad. Yeah, I don't
- 58:15Speaker 1: like him, but he's not that bad. He didn't let
- 58:18Speaker 1: it slip that he likes Stalin. That's bad, but liking
- 58:21Speaker 1: a communist is not as bad as liking Hitler. You
- 58:24Speaker 1: get a lot more, a lot more leeway on on
- 58:27Speaker 1: the communism side than you would on the on the
- 58:30Speaker 1: on the Hitler fascism side, So people people just don't
- 58:34Speaker 1: take him serious. I thought I'd take a clip from
- 58:36Speaker 1: the show that's not him being antisemitic or racist. This
- 58:44Speaker 1: is a clip that actually deals with his philosophy, his
- 58:52Speaker 1: actual political philosophy. What is thing for it to actually
- 58:55Speaker 1: think in terms of politics? And I think this is
- 59:00Speaker 1: very revealing, and everything else is an outcome of this.
- 59:03Speaker 1: Everything else is a consequence of this, not directly, but
- 59:06Speaker 1: is a consequence of this. And I think if you
- 59:09Speaker 1: watch this clip, I think what comes across clearly is
- 59:14Speaker 1: that he's a fascist. And you know, this is who
- 59:23Speaker 1: he is. This is who these people are platforming, supporting,
- 59:28Speaker 1: covering four, you know, giving given the opportunity to spout
- 59:33Speaker 1: all this horrific stuff. But again, when he goes on
- 59:37Speaker 1: the mainstream shows, he's you know, he's a well dressed
- 59:40Speaker 1: young man, very articulate, obviously smart, knows his stuff, says
- 59:45Speaker 1: stuff that's wrong, but nothing you know, horrifically outrageous. So
- 59:52Speaker 1: let's see what he's about. If you can't stomach for intice,
- 59:57Speaker 1: now's the time to I don't know, go do something else. Oops?
- 1:00:04Speaker 1: Where did that move?
- 1:00:10Speaker 4: All?
- 1:00:10Speaker 1: Right? Play?
- 1:00:12Speaker 3: The problem with libertarianism is that liberty is not the
- 1:00:15Speaker 3: highest political virtue. The highest political virtue is order, the.
- 1:00:21Speaker 1: Highest political order, highest political you know virtue. The highest
- 1:00:26Speaker 1: political principle is order. That's straight out of the fascist playbook. Right,
- 1:00:32Speaker 1: it's not about liberty, it's not about freedom, it's about order.
- 1:00:38Speaker 1: That's straight out fascism. Who gets this dem what order is?
- 1:00:42Speaker 1: Of course, it's whoever is in power.
- 1:00:45Speaker 3: That is the greatest ordering principle. That is the greatest
- 1:00:49Speaker 3: governing principle. Order, order comes from.
- 1:00:53Speaker 1: Order comes first. He knows exactly what he's saying. He
- 1:00:55Speaker 1: understands what this means and what this implies. You know,
- 1:01:02Speaker 1: you want order in the streets, and you want order
- 1:01:06Speaker 1: in terms of people's behavior and what people say, and.
- 1:01:13Speaker 2: You do not want outliers first.
- 1:01:15Speaker 3: Liberty comes second, and liberty is second.
- 1:01:18Speaker 1: Note that we believe as objectivist the liberty politically individual
- 1:01:23Speaker 1: rights come first. That means the individual comes first. We'll
- 1:01:26Speaker 1: get to that in a minute. Rights come first, and
- 1:01:29Speaker 1: rights just a cognition of freedom. So for objectivism, liberty,
- 1:01:33Speaker 1: freedom politically do come first? Absolutely, come first.
- 1:01:40Speaker 3: Order has to be maintained by a powerful state. Yeah,
- 1:01:44Speaker 3: it has to be maintained by authority. And where does
- 1:01:48Speaker 3: authority proceed from? Force? Guns? Overwhelming force, power that comes
- 1:01:55Speaker 3: out of the end of a rifle.
- 1:01:58Speaker 1: Overwhelming force and power that comes out of the end
- 1:02:02Speaker 1: of a rifle. That is where order comes from. He's
- 1:02:06Speaker 1: absolutely right. Order requires authority. Authority is established to force
- 1:02:13Speaker 1: through the through the use of the guns. Again, he's
- 1:02:18Speaker 1: not hiding anything. This is his basic fundamental political philosophy.
- 1:02:24Speaker 1: He is fundamentally anti liberty and everything that employs and legitimacy.
- 1:02:31Speaker 3: The people have to believe in the authority of the state.
- 1:02:35Speaker 2: People have to believe in the authority of the state.
- 1:02:38Speaker 1: Right, So you want to brainwash the people, they have
- 1:02:41Speaker 1: to march, they have to hire all together, they have
- 1:02:44Speaker 1: to do They have to express.
- 1:02:48Speaker 2: Uniformity in ideas. They have to give.
- 1:02:54Speaker 1: The authorities a mandate to.
- 1:02:58Speaker 2: Use the gun establish order.
- 1:03:06Speaker 3: And if these things are being undermined by freedom, by liberty,
- 1:03:09Speaker 3: then you don't get liberty.
- 1:03:11Speaker 1: So if these things are being undermined by freedom and liberty,
- 1:03:13Speaker 1: you don't get liberty. If that isn't fascism. I don't
- 1:03:17Speaker 1: know what is so you don't get liberty if you
- 1:03:22Speaker 1: know the authority of the state is undermined, or the
- 1:03:25Speaker 1: uniformity the the you know, the support of the people
- 1:03:30Speaker 1: for the state is undermined.
- 1:03:32Speaker 3: And people like to say that Ben Franklin, about liberty
- 1:03:35Speaker 3: and safety, liberty and safety. It's about order and disorder.
- 1:03:38Speaker 3: Forget about safety and liberty.
- 1:03:42Speaker 1: And note that order is not equal to safety. He's
- 1:03:47Speaker 1: smart enough to reject that. What is not about safety?
- 1:03:51Speaker 1: What is about order? It's about doing the things you're
- 1:03:55Speaker 1: supposed to do. It's about doing them in a way
- 1:03:58Speaker 1: that you're told to do them. It's about reducing uncertainty,
- 1:04:04Speaker 1: it's about eliminating outliers. It's about everybody falling into place
- 1:04:11Speaker 1: into place.
- 1:04:17Speaker 3: It's about order and disorder. And what Hobbs writes is
- 1:04:21Speaker 3: that even a bad order is better than disorder.
- 1:04:25Speaker 1: Yeah, Hobbs was an authoritarian and advocated for an authoritarian
- 1:04:29Speaker 1: for a king, for a strong authoritarian state, because you know,
- 1:04:36Speaker 1: bad order is better than disorder. But you see, that
- 1:04:38Speaker 1: is a false economy. You know, this is an argument
- 1:04:42Speaker 1: against anarchy. Anarchy is the worst.
- 1:04:45Speaker 2: And I agree with that.
- 1:04:46Speaker 1: Disorder anarchy is the worst, most violent, most horrific state
- 1:04:52Speaker 1: of living. Bad order is better than complete disorder, complete anarchy.
- 1:05:01Speaker 1: Liberty and freedom. Liberty and freedom are not disorder. Liberty
- 1:05:05Speaker 1: and freedom are not chaos. This is why you know
- 1:05:13Speaker 1: a state protecting the individual rights is necessary, why we're
- 1:05:16Speaker 1: not advocates of anarchy. But he creates a false dichotomy.
- 1:05:20Speaker 1: It's either order or disorder. It's either order or anarchy.
- 1:05:23Speaker 1: And look, it's exactly what Hitler said, It's exactly what
- 1:05:28Speaker 1: Mussalini said. It's whatever dictator says. If not for me,
- 1:05:33Speaker 1: there'll be chaos, they'd be anarchy, and nobody wants anarchy
- 1:05:36Speaker 1: and chaos.
- 1:05:40Speaker 3: Then chaos. Then a war of all against all, a
- 1:05:43Speaker 3: total collapse of authority.
- 1:05:45Speaker 1: That's anarchy. A war of all against war all, that's anarchy.
- 1:05:49Speaker 1: And that's why OBJECTIVESM rejects anarchy and rejects this false
- 1:05:52Speaker 1: dichotomy created by Hobbes.
- 1:05:55Speaker 3: Because do you know what happens when the power goes out? Rape? Okay, rape, murder, looting, pillage, marauding, barbarism,
- 1:06:06Speaker 3: an orgy of the crowds, an orgy of violence and
- 1:06:10Speaker 3: chaos and hatred and anger.
- 1:06:14Speaker 1: Okay, and all of that, all of that because everybody
- 1:06:20Speaker 1: hates that. Nobody wants rape and pillage except the supporters
- 1:06:23Speaker 1: or fromas.
- 1:06:24Speaker 2: Nobody wants that.
- 1:06:26Speaker 1: The solution to that is not a constitutional government. It's
- 1:06:30Speaker 1: not liberty and freedom right. It's order. It's authority. It's
- 1:06:37Speaker 1: a bowel of a gun. It's a aunuthoritarianism. It's fascism.
- 1:06:41Speaker 1: It's the state imposing its will on us, not.
- 1:06:47Speaker 2: Just doing policing.
- 1:06:49Speaker 1: Like America has not had a you know, pillaging and
- 1:06:53Speaker 1: rape being and all this stuff going on, and we
- 1:06:56Speaker 1: haven't had order either. Our city isn't a particularly ordered
- 1:07:00Speaker 1: we don't have central planning around everything. And yet liberty
- 1:07:08Speaker 1: properly understood, freedom properly understood eliminates the chaos, the.
- 1:07:13Speaker 2: Anarchy, the rape and the pillage. But you see fearm hungering,
- 1:07:17Speaker 2: is that the kik of all fascists.
- 1:07:20Speaker 1: If not for my authority, there would be anarchy in
- 1:07:24Speaker 1: the streets, and that we cannot have. We cannot have.
- 1:07:32Speaker 3: It's like the kinds of war crimes in Abu Grabe. Okay,
- 1:07:37Speaker 3: it's like the kinds of war crimes.
- 1:07:38Speaker 1: He's not gonna say Hamas on October seventh, No, he's
- 1:07:42Speaker 1: gonna take Abu Grabe, you know, which was not that bad.
- 1:07:45Speaker 2: In the big thing of things, nothing is compared to
- 1:07:47Speaker 2: October seventh.
- 1:07:48Speaker 1: He's going to use able grade because that's anti American, right,
- 1:07:52Speaker 1: Abu Grade was committed by Americans, and these people all
- 1:07:55Speaker 1: want to use examples that make America look bad.
- 1:07:59Speaker 3: He's committed to Vietnam in Iraq, when you have a
- 1:08:02Speaker 3: total order, you get things that it's beyond human comprehension.
- 1:08:08Speaker 1: No did all of those things Abu Grabe, Iraq, Vietnam
- 1:08:13Speaker 1: were all done by the state, by the authorities in
- 1:08:20Speaker 1: a system government, military, which is about order. So the
- 1:08:30Speaker 1: biggest violators of rights, the ones who commit the most
- 1:08:34Speaker 1: rape and pellage and murder, are states that are concerned
- 1:08:40Speaker 1: with order.
- 1:08:41Speaker 3: So this is a very free country. This is one
- 1:08:44Speaker 3: of the freest countries to ever exist. And the problem
- 1:08:48Speaker 3: is that those things are starting to become undermined. The authority,
- 1:08:53Speaker 3: the force, and the legitimacy that founds the authority of
- 1:08:58Speaker 3: the state, which holds the country together, which enforces the laws,
- 1:09:02Speaker 3: and libertarians that have a little bit too much faith
- 1:09:04Speaker 3: in people and a little bit too much faith in
- 1:09:06Speaker 3: the individual. I don't believe in the individual.
- 1:09:08Speaker 1: There it is, that's his philosophy. He does not believe
- 1:09:12Speaker 1: in the individual. I do not believe in the individual, and.
- 1:09:16Speaker 3: I'm individualistic, but I'm not an individualist.
- 1:09:19Speaker 1: That doesn't make any sense. Of course, I mean individualistic,
- 1:09:23Speaker 1: but I'm not an individualist. Doesn't make any sense.
- 1:09:25Speaker 3: Individualism only makes sense in a white Christian patriarchal society.
- 1:09:30Speaker 1: Individualism only makes sense in a white patriotical society, right
- 1:09:36Speaker 1: Christian society. I mean, think of how mixed up, completely
- 1:09:40Speaker 1: screwed up that is, and how racist it is. So
- 1:09:48Speaker 1: that is a philosophy of political philosophy of nik Foantis.
- 1:09:52Speaker 1: He is not an individualist. He doesn't believe in individualism.
- 1:10:00Speaker 1: That individualism makes any sense. It only makes sense in
- 1:10:03Speaker 1: a white Christian patriarchal society. In other words, you need
- 1:10:08Speaker 1: to keep women down. My nowity's down. Anybody who looks
- 1:10:13Speaker 1: definitely than you down, and you, the elite white patriarchs man,
- 1:10:18Speaker 1: you can now, I don't know, be individualistic, whatever the
- 1:10:21Speaker 1: hell that means. He's such a bullshit. I mean, he
- 1:10:29Speaker 1: is ignorant and he's smart, but he is philosophically and
- 1:10:38Speaker 1: ideologically nothing just nothing. He just spouts stuff that means
- 1:10:46Speaker 1: absolutely nothing like that bit about individualistic, but I'm not
- 1:10:51Speaker 1: an individualist. What the hell? This is a rotten human being.
- 1:10:58Speaker 1: This is somebody to stay away from. Don't buy into
- 1:11:02Speaker 1: his moderate interviews. If you want to see the real
- 1:11:04Speaker 1: nique for intest, watch his show where he contradicts himself
- 1:11:08Speaker 1: all the time, but where he also spouts his vile, racist,
- 1:11:14Speaker 1: anti Semitic, anti women, you know, anti sex garbage, really
- 1:11:22Speaker 1: really really horrible human being. The fact that he has
- 1:11:26Speaker 1: millions of followers it is more an indictment of the
- 1:11:29Speaker 1: state of the world than anything else I can think of.
- 1:11:34Speaker 1: All Right, finally, finally a positive story. This is an editorial.
- 1:11:42Speaker 1: You know, we talked about way more yesterday and then
- 1:11:44Speaker 1: I saw this in the New York Times today Today's
- 1:11:47Speaker 1: editorial in the New York Times.
- 1:11:49Speaker 3: Uh.
- 1:11:50Speaker 1: This is written by a guy named Jonathan Slotkin. Jonathan
- 1:11:56Speaker 1: Scotland Slotkin is a newoen a brain surgeon, a neurosurgeon.
- 1:12:04Speaker 1: And the up d is the title is the data
- 1:12:09Speaker 1: on self driving cause is clear we have to change course.
- 1:12:15Speaker 1: And what is this data? You know, I'm going to
- 1:12:22Speaker 1: read you this paragraph. Self driving car company Weymo recently
- 1:12:24Speaker 1: released data covering nearly one hundred million driverless miles in
- 1:12:29Speaker 1: four American cities through June twenty twenty five, the biggest
- 1:12:33Speaker 1: trove of information released so far about safety. I spent
- 1:12:38Speaker 1: weeks analyzing the data.
- 1:12:41Speaker 2: The results were impressive.
- 1:12:43Speaker 1: When compared to human drivers on the same roads, weimo's
- 1:12:48Speaker 1: self driving cars were involved in ninety one percent fewer
- 1:12:53Speaker 1: serious injury or worse crashes and eighty percent fewer crashes
- 1:12:58Speaker 1: causing any injury. It showed a ninety six percent lower
- 1:13:02Speaker 1: rate of injury causing crashes and intersections, which are some
- 1:13:07Speaker 1: of the deadliest so far. Other autonomous vehicle companies don't
- 1:13:14Speaker 1: report to report incomplete data way more By contrast, published
- 1:13:18Speaker 1: everything I needed to analyze the data crash statistics with
- 1:13:21Speaker 1: miles driven that allow accurate comparison to human drivers in
- 1:13:25Speaker 1: the same locations. If weay MOOS results indicative of the
- 1:13:30Speaker 1: broader future of autonomous vehicles, we may be on the
- 1:13:34Speaker 1: path through eliminating traffic deaths as a leading cause of
- 1:13:39Speaker 1: mortality in the United States. While many see this as
- 1:13:43Speaker 1: a text story, I view it as a public health breakthrough. Well,
- 1:13:48Speaker 1: I mean, public health is a questionable concept. The reason
- 1:13:52Speaker 1: autonomous vehicles are safe US straightforward. A system that follows rules,
- 1:13:56Speaker 1: avoids distractions, seas in all directions, and prevents high speed
- 1:14:01Speaker 1: conflicts will avert deadly collisions much more often. These vehicles
- 1:14:08Speaker 1: aren't perfect. A passenger heading to the airport was recently
- 1:14:13Speaker 1: struck stuck inside a Weimo that looped the parking lot
- 1:14:17Speaker 1: round about for five minutes. Waimo issued a recall last
- 1:14:21Speaker 1: year to update the software on its vehicles after one
- 1:14:24Speaker 1: hit a utility poll at low speed while pulling over,
- 1:14:29Speaker 1: and there have been two fatalities and one serious injury,
- 1:14:32Speaker 1: and crashes involving Waymo vehicles. In all three cases, however,
- 1:14:37Speaker 1: human driven vehicles caused the collision, so you know, he
- 1:14:47Speaker 1: says again, this is in his term.
- 1:14:50Speaker 2: He says, in medical research.
- 1:14:52Speaker 1: There's a practice of ending a study early when the
- 1:14:56Speaker 1: results are too striking to ignore. We stop when there
- 1:15:01Speaker 1: is unexpected harm. We also stop for overwhelming benefit. When
- 1:15:08Speaker 1: a treatment is working so well that it would be
- 1:15:11Speaker 1: unethical to continue giving anyone at placebo. We stop it
- 1:15:18Speaker 1: when an intervention works as clearly, you change what you do.
- 1:15:23Speaker 1: There's a public health imperative to quickly expand the adoption
- 1:15:26Speaker 1: of autonomous vehicles. More than thirty nine thousand Americans died
- 1:15:31Speaker 1: in motor vehicle crashes last year, more than homicide, plane crashes,
- 1:15:35Speaker 1: and natural disasters combined. Crashes are the number two cause
- 1:15:40Speaker 1: of death for children and young adults. But death is
- 1:15:43Speaker 1: only part of the story. These crashes are also the
- 1:15:47Speaker 1: leading cause of spinal cord injury. We surgeons see the
- 1:15:51Speaker 1: aftermath of ten thousand crash victims that come to emergency
- 1:15:54Speaker 1: rooms every day. Every day. God they combine economic and
- 1:15:59Speaker 1: quality of life life told exceeds one trillion dollars annually,
- 1:16:04Speaker 1: more than the entire US military or medicare budget. So
- 1:16:11Speaker 1: you know, he says, this is not a cultural replace
- 1:16:13Speaker 1: every vehicle tomorrow, but because it's you know, it's expensive
- 1:16:18Speaker 1: and you wouldn't be able to.
- 1:16:19Speaker 4: Do it, but.
- 1:16:21Speaker 1: You know it needs a whole attitude towards these cause
- 1:16:25Speaker 1: needs to change completely. He says, this certain different translation
- 1:16:32Speaker 1: will this transformation will happen. We can guide it towards
- 1:16:35Speaker 1: a safer, more equitable future, or let it enoughfold haphazardly
- 1:16:39Speaker 1: around us, or we can put barriers, as many cities do,
- 1:16:42Speaker 1: to prevent it from happening.
- 1:16:43Speaker 2: So even the New York Times Now is coming out.
- 1:16:47Speaker 1: I guess at least one editorial in it coming out
- 1:16:50Speaker 1: in favor of autonomous cause that bodes well for the
- 1:16:54Speaker 1: future of the technology. Let's hope the government doesn't get
- 1:16:58Speaker 1: too involved other then to allow this to progress, to
- 1:17:01Speaker 1: allow it to be successful. All right, guys, that is
- 1:17:06Speaker 1: the news for this December second, and we will move
- 1:17:13Speaker 1: to the super chats, and before that.
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- 1:19:07Speaker 1: going to Patreon and signing up. Caesar Vida, thank you
- 1:19:12Speaker 1: for the sticker, CP Milk and I think that Jonathan Honing,
- 1:19:17Speaker 1: thank you for the more than one sticker, several stickers.
- 1:19:21Speaker 1: Natural Observer, thank you for the sticker that was your
- 1:19:24Speaker 1: tenth super Chat. Thank you, and let's see who else
- 1:19:28Speaker 1: do we have? You know, we have Catherine, thank you,
- 1:19:33Speaker 1: so thank you guys. I appreciate it. And if you've
- 1:19:36Speaker 1: never been never done super Chat, it's really easy clicking
- 1:19:39Speaker 1: that dollar sign underneath the chat and you make a
- 1:19:42Speaker 1: contribution with a credit card and I am you know
- 1:19:46Speaker 1: you We become traders, We become traders. All right. Let's
- 1:19:52Speaker 1: see I want to remind you of rams Day Weekend
- 1:19:56Speaker 1: Objective's Confidence. It's happening January thirtieth to February second in
- 1:20:00Speaker 1: Fort Maya's Flaweda's gathering of objectivists and to come and
- 1:20:06Speaker 1: and and and listen to a few Objectives speakers. You know,
- 1:20:10Speaker 1: it's a lot of fun. You get to interact with
- 1:20:12Speaker 1: a lot of people. You get to interact with the speakers.
- 1:20:14Speaker 1: It tends to be relatively small, relatively intimate, so you
- 1:20:18Speaker 1: get real quality time with people. Have you been swing
- 1:20:21Speaker 1: and will be there. I will be there, Ellen Kenna,
- 1:20:24Speaker 1: Shoshana Milgrim, Geen Maroney, Peter Schwartz, and Don Watkins will
- 1:20:29Speaker 1: be there. We'll also have a panel in addition to talks,
- 1:20:33Speaker 1: there'll be a panel discussion with me and and Howie
- 1:20:36Speaker 1: and Peter Schwartz. Uh and uh there'll be trivia and
- 1:20:40Speaker 1: and just time to hang out and and enjoy the
- 1:20:43Speaker 1: company of other objectivists. So please consider coming. You could
- 1:20:47Speaker 1: be in worse places in the world. At the end
- 1:20:50Speaker 1: of January early February, the weather is going to be gorgeous.
- 1:20:53Speaker 1: Fort Maya's is amazing in terms of weather. There are
- 1:20:56Speaker 1: lots of restaurants in the area. Join us.
- 1:20:58Speaker 2: It'll be a fabulous weekend.
- 1:21:00Speaker 1: And uh and there's a If you sign up before
- 1:21:02Speaker 1: the end of December, there's a significant discount, so make
- 1:21:06Speaker 1: sure to sign up. You can find the information and
- 1:21:08Speaker 1: signing up on the website rans day Con all one
- 1:21:13Speaker 1: word ransday Con dot the b v H t H
- 1:21:19Speaker 1: E b v H dot com and uh, yeah, go
- 1:21:23Speaker 1: go to that website. Read more about it, check out
- 1:21:27Speaker 1: the talks.
- 1:21:29Speaker 2: Sign sign up. I want to see you there.
- 1:21:34Speaker 1: All right, we have uh you know what what did
- 1:21:41Speaker 1: what did they want? Uh?
- 1:21:45Speaker 5: Sorry, I'm just uh, I'm just looking for something, see
- 1:21:52Speaker 5: if I can find it. No, yeah, I'm not sure.
- 1:22:01Speaker 1: All right, So a few things remind everybody. The Iman
- 1:22:08Speaker 1: Instry is holding a conference in Porto, Portugal. Porto, Portugal,
- 1:22:13Speaker 1: beautiful place, and.
- 1:22:17Speaker 2: I'm gonna be there. Uncle will be there, and.
- 1:22:21Speaker 1: Ben Bear and tats Fani and Nikos, famous nikos will
- 1:22:26Speaker 1: be there, and you should be there. And you know,
- 1:22:31Speaker 1: you can sign up for this conference by going to
- 1:22:34Speaker 1: ironmand dot org. Slas's start here. Those of you under
- 1:22:38Speaker 1: thirty four can apply there for a scholarship which will
- 1:22:42Speaker 1: pay a lot of your expenses, maybe even all of
- 1:22:44Speaker 1: your expenses.
- 1:22:46Speaker 2: So sign up, join us for this conference. It'll be
- 1:22:51Speaker 2: a lot of fun.
- 1:22:52Speaker 1: In Porto is an amazing really an amazing city, in
- 1:22:56Speaker 1: a beautiful city. One more thing, Yeah, so, Michael Williams
- 1:23:02Speaker 1: is a sponsor of the show Defenders of Capitalism Defenders
- 1:23:06Speaker 1: Offcapitalism dot com. Michael's a friend and we work together
- 1:23:10Speaker 1: on Defenders of Capitalism. I have lectured for Defenders of Capitalism.
- 1:23:14Speaker 1: I lecture every year, several times a year for them
- 1:23:17Speaker 1: in Colorado at the leadership program of the Rockies. You guys,
- 1:23:20Speaker 1: you guys should check him out Defenders of Capitalism dot com.
- 1:23:24Speaker 1: We also have Alex Epstein who is a sponsor Alex
- 1:23:30Speaker 1: Epstein dot substack dot com. And Alex of course is
- 1:23:34Speaker 1: the leading authority on all things for example, environment environmental
- 1:23:38Speaker 1: related and power energy related, and you should check out
- 1:23:41Speaker 1: his substack and his talking points. All right, one final thing.
- 1:23:47Speaker 1: I mentioned this the other day. My son is looking
- 1:23:50Speaker 1: for a job and he is a software engineer, has
- 1:23:55Speaker 1: worked for Amazon for several years.
- 1:23:58Speaker 2: And is now looking for a new job.
- 1:24:00Speaker 1: If if you are interested in hiring a software engineer,
- 1:24:05Speaker 1: it would have to be either in the Los Angeles
- 1:24:08Speaker 1: area or a remote job. But if, if, if you
- 1:24:14Speaker 1: look at somebody in the LA area in California, or
- 1:24:18Speaker 1: somebody who could work remote for you, then check him out.
- 1:24:23Speaker 2: Neve Brooke and I V.
- 1:24:25Speaker 1: Brooke. You can find his details on LinkedIn and or
- 1:24:30Speaker 1: you can drop me an email. I know one of
- 1:24:33Speaker 1: you know some of you have already. You can drop
- 1:24:35Speaker 1: me an email and I'll put you in touch with
- 1:24:36Speaker 1: Neive and you guys can communicate and see if there's
- 1:24:39Speaker 1: a there's a match. He's a good guy, good good guy.
- 1:24:42Speaker 1: He's not a kid anymore. He's in his thirties. He's
- 1:24:44Speaker 1: a good guy. And I I I yeah, I'm biased,
- 1:24:48Speaker 1: but I think I'm not biased objectively. He would you would?
- 1:24:52Speaker 1: You would? You would do good bye by hiring him?
- 1:24:55Speaker 1: All right, let's let's run down these which had questions,
- 1:25:01Speaker 1: not a lot of them, so this won't take long.
- 1:25:05Speaker 1: You can ask ask away if you'd like to that
- 1:25:09Speaker 1: doodle Bunny says. You say you don't view Ein Rand
- 1:25:14Speaker 1: sleeping with another man while married as a mal failing.
- 1:25:17Speaker 1: I highly doubt Frank felt the same way. He may
- 1:25:20Speaker 1: have let it go because he wanted to continue to
- 1:25:23Speaker 1: be supported by Rand financially. How do you know this?
- 1:25:27Speaker 1: I mean, I love it when people who never met
- 1:25:29Speaker 1: Frank don't know anything about Frank, you know, basically transporting
- 1:25:37Speaker 1: their own insecurities to other people. I mean, that's how
- 1:25:40Speaker 1: I see it. You don't know that Frank felt that way.
- 1:25:44Speaker 1: He was not a shy person to express his opinion,
- 1:25:47Speaker 1: and he was a unusual and extraordinary guy.
- 1:25:55Speaker 2: And you have no clue as to what he thought.
- 1:25:58Speaker 1: I felt about the whole thing, and to pretend that
- 1:26:02Speaker 1: you do is a little ridiculous. She loved him, and
- 1:26:08Speaker 1: I'm pretty sure that if he had really objected, she
- 1:26:12Speaker 1: wouldn't have done it. And the idea that he did
- 1:26:14Speaker 1: it and ought to be supported by her like some
- 1:26:16Speaker 1: kind of parasite is really the meaning to both Frank
- 1:26:20Speaker 1: Anti ein Rand and I don't think eve either one
- 1:26:22Speaker 1: of them deserve it. Andrew Rand said, a morally good
- 1:26:31Speaker 1: person may evade. Sometimes some may disagree, but I think
- 1:26:38Speaker 1: that reflects defining by essentials and emotional understanding and be
- 1:26:44Speaker 1: emotionally understanding, and that one may really feel acute fear
- 1:26:48Speaker 1: that cripples one's thinking. Yeah, I mean, I think that's right,
- 1:26:54Speaker 1: whether it's feo or what it exactly is. She recognized
- 1:26:59Speaker 1: that you could fould sometimes, you can make a mistake,
- 1:27:02Speaker 1: you can you can do something that is wrong sometimes,
- 1:27:06Speaker 1: I mean, particularly if it's on a relatively more minor issue,
- 1:27:13Speaker 1: you know. So she she she recognized how prevalent evasion
- 1:27:18Speaker 1: is and that you know, making you know, doing it
- 1:27:27Speaker 1: in cerdent circumstances is not wiping out all the good
- 1:27:30Speaker 1: things that you do. Being immol particularly some immoralities, does
- 1:27:35Speaker 1: not wipe out all the all the thinking that you do,
- 1:27:38Speaker 1: all all all the positives. So while she was very moralistic, uh,
- 1:27:44Speaker 1: you know, she she definitely recognized that people have a
- 1:27:48Speaker 1: psychology and that that that people do indeed evade because
- 1:27:53Speaker 1: of fear, because of second handedness, because of all kinds
- 1:27:56Speaker 1: of things, all kinds of emotions that we pick up
- 1:28:00Speaker 1: when we're younger, and that's I mean, fear probably being
- 1:28:02Speaker 1: the dominant one that make it very difficult to undo.
- 1:28:14Speaker 1: So I agree, Liam, as much as people hate the left,
- 1:28:18Speaker 1: as Americans are getting a taste of real fascism from
- 1:28:22Speaker 1: Trump and his thugs, they will vote to reverse course.
- 1:28:26Speaker 1: I think that's probably true, particularly if they Democrats can
- 1:28:31Speaker 1: field candidates that are not, you know, total crazy leftists.
- 1:28:36Speaker 1: So if they learned the wrong lesson from Mamdani's victory
- 1:28:40Speaker 1: in New York, if they think that's the future of
- 1:28:42Speaker 1: the party, then they might lose to the thugs on
- 1:28:46Speaker 1: the right. But if they can put up more call
- 1:28:49Speaker 1: them moderates, then yes, I think they can beat the
- 1:28:52Speaker 1: Republicans and there will be a backlash against the thuggishness
- 1:28:59Speaker 1: of this administration. Harper Campbell, do you agree with Harry
- 1:29:04Speaker 1: Binswinger that if Democrats win big in the mid terms,
- 1:29:06Speaker 1: Trump will not serve in the power. Well, I mean,
- 1:29:09Speaker 1: I don't think. I don't think Harry said that he wouldn't.
- 1:29:12Speaker 1: He said he fears and he worries that he wouldn't,
- 1:29:15Speaker 1: and I do too. That is, I don't think Harry
- 1:29:18Speaker 1: said that it was a certain te or even a
- 1:29:20Speaker 1: high likelihood. He said it's possible, and I think it's
- 1:29:23Speaker 1: definitely possible. How probable it is, I don't know. It's
- 1:29:26Speaker 1: a fifty to fifty ninety ten in which direction. I
- 1:29:32Speaker 1: think it's probable. You know, there's possible, sorry, possible. It's
- 1:29:36Speaker 1: probably less than fifty percent. But can you even imagine
- 1:29:40Speaker 1: contemplating that possibility in any other administration. So even if
- 1:29:48Speaker 1: it's only twenty percent, that's a lot. Even if it's
- 1:29:52Speaker 1: only ten percent, it's a lot. So you know, I'm
- 1:30:01Speaker 1: with Harry as it being a concern. It's not an
- 1:30:04Speaker 1: issue of giving up power his seat. It's an issue
- 1:30:06Speaker 1: of letting Democrats come in and be sworn in as
- 1:30:09Speaker 1: members rather than basically shutting down Congress or engage, you know,
- 1:30:15Speaker 1: dragging Congress the elections through the courts, litigating every single
- 1:30:22Speaker 1: one of the places where he lost and trying. I
- 1:30:24Speaker 1: don't think that's going to happen. I think he's going
- 1:30:26Speaker 1: to accept the defeat, but it's hard to tell. So
- 1:30:32Speaker 1: I think there's a positive probability he doesn't. But notice
- 1:30:39Speaker 1: Harry didn't say it was even probable, never mind certainty.
- 1:30:44Speaker 1: High doctor books should the next president in case he
- 1:30:47Speaker 1: is willing to use law fair to try and imprison
- 1:30:51Speaker 1: Trump for everything he's done in the last ten years,
- 1:30:53Speaker 1: or should they aspire to be unifying figure in the
- 1:30:56Speaker 1: United States. I answered this question exactly the same question
- 1:31:00Speaker 1: days ago. You literally literally the exact same phrasings. It's
- 1:31:04Speaker 1: humans from you. I said at the time that the
- 1:31:08Speaker 1: priorities should be justice, and I think the only way
- 1:31:13Speaker 1: to unify the country is to, you know, clearly, objectively
- 1:31:19Speaker 1: go after people when they break the law. So to
- 1:31:22Speaker 1: the extent that they are clear cases in which Trump
- 1:31:24Speaker 1: has violated the law, not the kind of law fair
- 1:31:27Speaker 1: that brought some of the stupid cases in Manhattan, but
- 1:31:30Speaker 1: real things that he did that violated the law, then yes,
- 1:31:34Speaker 1: he should go to jail for that. You know, it's
- 1:31:37Speaker 1: important to engage in justice.
- 1:31:42Speaker 3: Uh.
- 1:31:42Speaker 1: And and you're not going to unify the guy the
- 1:31:44Speaker 1: country by by by pretending otherwise, right. I think you
- 1:31:49Speaker 1: need to do both. You need to figure out a
- 1:31:51Speaker 1: way to unify the country, and that's hard enough by
- 1:31:56Speaker 1: hopefully hearkening back to you know, the purpose of the
- 1:32:01Speaker 1: American government and the founding principles. And at the same time,
- 1:32:05Speaker 1: you will need to prosecute him for real crimes, and
- 1:32:08Speaker 1: you'd have to think about what is straightforward, what is
- 1:32:12Speaker 1: unequivocal that he's done. I wouldn't do marginal stuff. I
- 1:32:16Speaker 1: wouldn't go after him for little stuff. I'd only go
- 1:32:18Speaker 1: after if you can actually prove he violated the law
- 1:32:22Speaker 1: in a big way where the Supreme Court would uphold it. Now,
- 1:32:26Speaker 1: note the Supreme Court has given a lot of latitude
- 1:32:29Speaker 1: to presidents, kind of a lot of leeway to do
- 1:32:35Speaker 1: illegal things, and as long as it's done in the
- 1:32:37Speaker 1: capacity as president, it's okay. She'd have to be very
- 1:32:40Speaker 1: careful that you were objective and you can easily prove
- 1:32:43Speaker 1: the claims that you're making. Lincoln a perfect context of
- 1:32:48Speaker 1: ambition versus safety. Safety America was how astronaut deaks was
- 1:32:53Speaker 1: seen as necessary casualties to get to the Moon. In contrast,
- 1:32:58Speaker 1: after challenging explosion, we needed to shut down the entire
- 1:33:02Speaker 1: space exploration for years, while the experts hate on those
- 1:33:07Speaker 1: with ambitious goals. Yes, I think you're absolutely right. I
- 1:33:11Speaker 1: think the NASA is a great example of the real
- 1:33:16Speaker 1: dangers and evil of safetyism. Lincoln Trump Casinos now opening
- 1:33:24Speaker 1: in Moscow, Doha, Riad featuring musical performer Taylor Swift in
- 1:33:30Speaker 1: proper booker attire, of course, cuying to a casino near you,
- 1:33:39Speaker 1: I like numbers. Should builders use materials lasting fifty years
- 1:33:43Speaker 1: plus years? I mean, it depends on what you're building,
- 1:33:46Speaker 1: but for almost for most things, yes, for most things, yes,
- 1:33:52Speaker 1: and buyers should be concerned to ask the questions about
- 1:33:57Speaker 1: what is the quality of the materials being used for
- 1:33:59Speaker 1: the building. I would asque who should who should be
- 1:34:06Speaker 1: selling producing hard mind altering drugs in an objective of
- 1:34:10Speaker 1: society when it's not life enhancing? Who would be selling
- 1:34:15Speaker 1: I don't know, Uh, people who are not particularly high
- 1:34:20Speaker 1: self esteem, uh, ambitious producers that every culture is going
- 1:34:24Speaker 1: to have. That an objective of society doesn't mean everybody
- 1:34:28Speaker 1: is a high self esteem objectivist. They're They're going to
- 1:34:33Speaker 1: be all kinds of people, even in a rational objective
- 1:34:37Speaker 1: of society, and they will be the kind of people
- 1:34:40Speaker 1: who sell drugs, willing to sell drugs even in that world.
- 1:34:44Speaker 5: You know.
- 1:34:46Speaker 1: So, yeah, it doesn't worry me. There's always going to
- 1:34:50Speaker 1: be those kind of people. Lincoln. In other news, the
- 1:34:57Speaker 1: White House is picking a fight with a pupstar today
- 1:35:00Speaker 1: over use of a song in an ice video. Typically
- 1:35:04Speaker 1: immature White House response. Yeah, I mean the singer was
- 1:35:08Speaker 1: picking a fight with Ice because they said, you use
- 1:35:12Speaker 1: my song inappropriately, and the White House is lashing out
- 1:35:16Speaker 1: at them, as is immature.
- 1:35:18Speaker 2: Behavior of this White House.
- 1:35:21Speaker 1: Lincoln, I've noticed a high level of overlap between objectivists
- 1:35:24Speaker 1: and Asperger's syndrome. Do you think there is anything about
- 1:35:27Speaker 1: Asperger's that draws those with it to the philosophy of objectivism.
- 1:35:31Speaker 1: I have no clue. I really just don't know. I
- 1:35:34Speaker 1: don't know if the colliation is there. I don't know
- 1:35:37Speaker 1: if that's true. I don't know much about Asperger's, so
- 1:35:40Speaker 1: I just don't know. Andrew, whoops, What did I do? Andrew?
- 1:35:47Speaker 1: Do you view empiricism as leading to rationalism or that
- 1:35:50Speaker 1: they are essentially disconnected opposites. No, I mean there are opposites,
- 1:35:55Speaker 1: but they play off of each other, neither one of them.
- 1:36:00Speaker 1: I mean, irrationalists can't completely ignore reality, and when, or
- 1:36:06Speaker 1: put it this way, when people realize no, rationalism doesn't
- 1:36:09Speaker 1: make any sense. It's completely ignows reality, they swing to
- 1:36:12Speaker 1: the other extreme, where they go only data, no generalizations.
- 1:36:16Speaker 1: But of course, even in parisis can't really hold that
- 1:36:18Speaker 1: because you have to generalize sometimes about your data, so
- 1:36:23Speaker 1: you know, it's a swing, you know, in terms of
- 1:36:26Speaker 1: fashions between the two. So they play off of each other,
- 1:36:29Speaker 1: but they don't lead in one particular direction as far
- 1:36:31Speaker 1: as I know, As far as I can tell, Viles
- 1:36:39Speaker 1: Leveyo rants exposing fuentes, please create short clips of them.
- 1:36:43Speaker 1: He's such an idiot. I don't understand his appeal. Yeah,
- 1:36:46Speaker 1: he's a Volga sleazy whiny. I mean, I guess by
- 1:36:52Speaker 1: some standard he's funny, but he's such a whining weasel
- 1:36:56Speaker 1: that Yeah, I don't understand it either. He said things
- 1:37:00Speaker 1: that outrageous and people attracted to outrageous stuff.
- 1:37:04Speaker 2: All right, guys, I will see.
- 1:37:06Speaker 1: You tomorrow thanks to the super chatos. And yep, see
- 1:37:11Speaker 1: you tomorrow. Not exactly what time, but it'll probably be
- 1:37:14Speaker 1: in the early afternoon. Bye, everybody,