Latest / Yaron Brook Show / AI Luddites & Uses; CEO Fear; Crazy Left; Broken Window; Ballroom; Reparations | Yaron Brook Show

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AI Luddites & Uses; CEO Fear; Crazy Left; Broken Window; Ballroom; Reparations | Yaron Brook Show · Yaron Brook Show

• 0:03
  Speaker 1: A lot of them, the mists of.
• 0:07
  Speaker 2: La little minds and the individual lots. This is the show.
• 0:20
  Speaker 2: Oh right, everybody walk up to here one book show
• 0:22
  Speaker 2: on this Wednesday, October twenty second.
• 0:27
  Speaker 1: A little early earlier than usual.
• 0:30
  Speaker 2: But I have a flight to catch in a little while,
• 0:33
  Speaker 2: so figure better to do it early than not at all.
• 0:39
  Speaker 2: I mean, there's a lot of stuff going on out
• 0:41
  Speaker 2: there in the world. You know, the Americans in Israel
• 0:47
  Speaker 2: trying to trying to get the Nitinio government to compromise
• 0:53
  Speaker 2: over Gaza, the Egyptians. The Egyptians have been there. There
• 0:58
  Speaker 2: seems to be no agreement about international security forces. Is
• 1:02
  Speaker 2: Alos insisting the Turks not to send troops into Gaza.
• 1:07
  Speaker 2: The Egyptians want to send Palestinians that they trained into Gaza,
• 1:12
  Speaker 2: which would really report to the Palestinian authority, which is
• 1:14
  Speaker 2: all doesn't want. And uh Jad Evans is there and
• 1:18
  Speaker 2: with covers there and yeah, it's one big mess and
• 1:25
  Speaker 2: it will continue. So I figu I'm not going to
• 1:27
  Speaker 2: talk much about that. I'm not going to talk about
• 1:28
  Speaker 2: that at all except what I just said, because yeah,
• 1:31
  Speaker 2: nothing's going to be resolved today, no new information really,
• 1:35
  Speaker 2: there's still negotiating. There's really no consensus being built. It's
• 1:39
  Speaker 2: very hard to get a consensus. This is the much
• 1:41
  Speaker 2: tougher part of the negotiation now is kind of what
• 1:45
  Speaker 2: is going to.
• 1:45
  Speaker 1: Be the future of Gaz and how to get there?
• 1:47
  Speaker 2: How did this m Ramas doesn't want to dim how
• 1:50
  Speaker 2: to get this, How to prevent Ramas from playing a
• 1:53
  Speaker 2: role in the governance of Gaza going into the future.
• 1:56
  Speaker 1: Tramas wants such a role.
• 1:58
  Speaker 2: And you've got Qatar and you've got Tuki, who are
• 2:01
  Speaker 2: not honest players in this, who are clearly on the
• 2:04
  Speaker 2: side of Ramas, they're participating in it. So the whole
• 2:07
  Speaker 2: thing's a mess. It will continue to be a mess.
• 2:09
  Speaker 2: Nothing new is happening right now. I'd say the same
• 2:13
  Speaker 2: thing is going on Ukraine Russia. You know, negotiations. I
• 2:20
  Speaker 2: guess Ukraine is trying to figure out how to get
• 2:23
  Speaker 2: a cease fire.
• 2:24
  Speaker 1: That's what Ukraine wants.
• 2:26
  Speaker 2: It doesn't want to find a piece deal because it
• 2:28
  Speaker 2: knows it cannot get its territory back. It wants to
• 2:31
  Speaker 2: cease fire along the current lines. It wants just it
• 2:35
  Speaker 2: wants some time to breathe, and Russia doesn't want that.
• 2:39
  Speaker 2: Russia wants to find a solution that gives it a
• 2:42
  Speaker 2: chunk of Ukraine, and the Oppeans are backing as Zelenski
• 2:49
  Speaker 2: Trump some of the sign backs Putins some of the
• 2:51
  Speaker 2: time packs Zolenski and can't really decide who's who and
• 2:54
  Speaker 2: what's what. Again, nothing new is happening there. It's as
• 2:57
  Speaker 2: if we're we keep going back and forth, we keep
• 3:00
  Speaker 2: well keep circling into the same place. So we're not
• 3:02
  Speaker 2: going to talk about that today, all right, So what
• 3:05
  Speaker 2: we're gonna talk about, Well, for whatever reason, a bunch
• 3:08
  Speaker 2: of AI stories popped into my feed today and I
• 3:11
  Speaker 2: figured we talk about AI a little bit here. Uh
• 3:15
  Speaker 2: it's just the kind of the news aspect of AI
• 3:18
  Speaker 2: and and what's going on with AI and the new
• 3:21
  Speaker 2: the new products in AI and uh. Uh so we'll
• 3:25
  Speaker 2: talk about we'll talk about AI. Uh and then uh
• 3:29
  Speaker 2: you know, we'll we'll see where we go from there.
• 3:31
  Speaker 2: We've got I've got a crazy leftist video kind of
• 3:35
  Speaker 2: just to just to keep you anchored that it's not
• 3:37
  Speaker 2: just uh well it's not even primarily Tucker Coulson and
• 3:41
  Speaker 2: Candice so on. The left has worse and they're actually
• 3:45
  Speaker 2: in Congress. Uh. So we'll talk about we'll talk about uh,
• 3:52
  Speaker 2: you know Rashida teleb Is video. It's it's quite something.
• 3:58
  Speaker 2: And yeah, we'll see where we go from there.
• 4:02
  Speaker 1: Right, we've got a We've got a whole program.
• 4:03
  Speaker 2: We'll talk about Wikipedia and the broken window fallacy and
• 4:08
  Speaker 2: uh the new ballroom, and we'll talk about Trump's demand
• 4:11
  Speaker 2: for reparations. All right, AI, I mean AI is so cool.
• 4:18
  Speaker 2: I mean I have to say, I love technology. I
• 4:21
  Speaker 2: love these advancements. You know, it's it's not the be
• 4:24
  Speaker 2: all end all, but it is incredibly cool. I use
• 4:28
  Speaker 2: it to do I'm using it more and more to
• 4:30
  Speaker 2: do research, uh, to access information. If you ask it
• 4:34
  Speaker 2: the right questions, you can you can get out of
• 4:37
  Speaker 2: it kind of the information you want, uh and need.
• 4:41
  Speaker 2: You can actually even tell it which sources not to use.
• 4:44
  Speaker 2: I was, I was doing something the other day and
• 4:46
  Speaker 2: I said, don't use Wikipedia. It's too leftist biased. Don't
• 4:49
  Speaker 2: use Wikipedia. So it gave me because when you it
• 4:53
  Speaker 2: likes to use Wikipedia. So if you don't want it
• 4:55
  Speaker 2: to use Wikipedia, have to tell anyway, chet you pt.
• 4:58
  Speaker 2: It's just amazing. It really is amazing. And uh, you know,
• 5:05
  Speaker 2: if you're not using in whatever profession you are in
• 5:08
  Speaker 2: if you're not using Checchi put or.
• 5:11
  Speaker 1: One or the other.
• 5:13
  Speaker 2: One of the other AIS, then you're missing You're missing
• 5:16
  Speaker 2: the plot because the reality is that that is that
• 5:20
  Speaker 2: is the future, and you better know how to use it.
• 5:23
  Speaker 1: You might be able to optimize it.
• 5:26
  Speaker 2: Kind of to to make sure that you have a
• 5:30
  Speaker 2: job that you can whips what's going on here, that yeah,
• 5:38
  Speaker 2: that that you're up to speed with where the world
• 5:41
  Speaker 2: is heading. This is where it's heading. UH as an
• 5:45
  Speaker 2: incredible tool. I know programmers everywhere around the world are
• 5:49
  Speaker 2: using it. It can just write the code, but it
• 5:52
  Speaker 2: can write a lot of the code, and then a
• 5:54
  Speaker 2: good programmer can gain go and and and UH fix it,
• 5:58
  Speaker 2: adjust it again. A lot of the quality of the
• 6:01
  Speaker 2: code is going to depend on the quality of the prompts,
• 6:04
  Speaker 2: how you know what it's being asked to do, and
• 6:07
  Speaker 2: how clearly that is. But you know, a lot of
• 6:11
  Speaker 2: programming is gonna be done now by AI directly. It
• 6:14
  Speaker 2: can build a website. You can go in tell tell
• 6:16
  Speaker 2: the AI what kind of website you want, where the
• 6:18
  Speaker 2: content should come from, and it can build a website.
• 6:21
  Speaker 2: And then of course you can then edit it with
• 6:23
  Speaker 2: the help of AI to to adjust you can do.
• 6:26
  Speaker 2: And of course that's just the day to day stuff
• 6:30
  Speaker 2: it can. Of course, we know it can scan UH
• 6:35
  Speaker 2: scan X ray's and MRIs in. In some areas it's
• 6:41
  Speaker 2: far better than humans and other areas not so much.
• 6:45
  Speaker 2: But generally the collaboration between doctors and AI is dramatically
• 6:50
  Speaker 2: improving diagnosis UH in the field of radiology. But but
• 6:58
  Speaker 2: I think that that'll be true of figuring out blood
• 7:01
  Speaker 2: tests and UH cancer screens and a million other medical uses.
• 7:07
  Speaker 2: Even going into the doctor and just giving all the
• 7:10
  Speaker 2: symptoms and putting all the symptoms into an.
• 7:12
  Speaker 1: AI UH in addition to the doctor will give.
• 7:16
  Speaker 2: You just so much more insight into what is going on.
• 7:23
  Speaker 2: AI is also about to is UH. You know, I
• 7:28
  Speaker 2: just read the story where yeah, open AI is brought
• 7:33
  Speaker 2: in a group of finance guys, right, So it's brought
• 7:37
  Speaker 2: in a bunch of people who worked in banks and
• 7:41
  Speaker 2: it basically has asked them to train the AI on
• 7:45
  Speaker 2: what a junior banker does, you know, build basic financial models,
• 7:52
  Speaker 2: criteria for loans, criteria if you structuring companies, even for
• 7:57
  Speaker 2: i pos initial public offerings, and provide the open AI
• 8:04
  Speaker 2: with the tools to be able to do the basic
• 8:07
  Speaker 2: stuff for all of that. So it's basically gone out
• 8:11
  Speaker 2: there and hired former employees of JP Morgan Morgan Stanley,
• 8:15
  Speaker 2: Golden Sachs, and they're sitting there and they're basically writing
• 8:19
  Speaker 2: prompts and building financial models and training the AI to
• 8:25
  Speaker 2: replace themselves when they worked at the bank. But again,
• 8:31
  Speaker 2: this is gonna dramatically enhance productivity. The people who will
• 8:36
  Speaker 2: be very successful in their jobs of people who know
• 8:39
  Speaker 2: how will know how to use the AI to boost
• 8:41
  Speaker 2: their productivity dramatically. And this is an amazing net positive
• 8:48
  Speaker 2: economically for these people because they as productivity goes up,
• 8:52
  Speaker 2: wages go up. And so this is the kind of
• 8:56
  Speaker 2: stuff open ai is doing in the background, which you
• 8:59
  Speaker 2: can imagine and is where their profit is going to
• 9:01
  Speaker 2: come for the future. Because a lot of the talk
• 9:03
  Speaker 2: about AI as a bubble is okay, So we get AI,
• 9:07
  Speaker 2: we get the value, we get that it does all
• 9:09
  Speaker 2: these amazing things, but how do you make money. Well,
• 9:13
  Speaker 2: I mean, if you can lease your AI to Golden
• 9:19
  Speaker 2: Sacks to replace a bunch of workers for a tenth
• 9:23
  Speaker 2: of the price of each of the workers, that is
• 9:26
  Speaker 2: good inco of open AI and a massive saving for
• 9:29
  Speaker 2: Golden Sacks and imagine them doing this to profession after
• 9:34
  Speaker 2: profession after profession.
• 9:36
  Speaker 1: Where I can apply.
• 9:39
  Speaker 2: Open the Eye now has already reached a valuation of
• 9:43
  Speaker 2: close to five hundred billion dollars.
• 9:45
  Speaker 1: It's the world's largest startup.
• 9:48
  Speaker 2: It of course, has no profit, so the valuation is
• 9:52
  Speaker 2: one hundred percent based on expected profit from things like this,
• 9:56
  Speaker 2: From products like this, so super exciting. You know, AI
• 10:00
  Speaker 2: will be able to manipulate spreadsheets and work with Excel programs.
• 10:05
  Speaker 2: Open ai is working with Microsoft to to build a
• 10:09
  Speaker 2: potentially into into Excel.
• 10:12
  Speaker 1: Uh and uh. You know you will see uh AI.
• 10:18
  Speaker 2: Creating your pop porn presentations and then tweaking them based
• 10:23
  Speaker 2: on your inputs. These are the skills each one of
• 10:26
  Speaker 2: you in the workforce are going to have to gain
• 10:29
  Speaker 2: how to work with AI to do this stuff in
• 10:32
  Speaker 2: order to preserve your job and and and and get
• 10:34
  Speaker 2: a you know, get get promoted and get get high
• 10:39
  Speaker 2: higher pay.
• 10:43
  Speaker 1: We will see that.
• 10:45
  Speaker 2: Uh. What will happen is, you know, these junior bankers
• 10:49
  Speaker 2: will use AI to do all the things they don't
• 10:51
  Speaker 2: like to do, and that will give them the mental
• 10:53
  Speaker 2: and time to do the things where you need a
• 10:57
  Speaker 2: human to do.
• 10:59
  Speaker 1: And and you know, increased productivity.
• 11:02
  Speaker 2: Maybe also reduced the fact that you know, some of
• 11:05
  Speaker 2: these junior banking jobs, they work one hundred hours a week.
• 11:08
  Speaker 2: Maybe they'll be able to work sixty hours a week
• 11:11
  Speaker 2: and still do the same amount of work because the
• 11:13
  Speaker 2: AI AI will be supporting it and make the same
• 11:15
  Speaker 2: amount of money.
• 11:26
  Speaker 1: All Right.
• 11:30
  Speaker 2: You remember how, just not that long ago, we talked
• 11:33
  Speaker 2: about this on the show, Google was sued as a
• 11:36
  Speaker 2: monopoly because it had a monopolized It dominated the search,
• 11:41
  Speaker 2: the browser market, and because it dominates the bowser market,
• 11:44
  Speaker 2: dominates ad market, and it was accused I found guilty
• 11:47
  Speaker 2: of being a monopolist. And at the time I said, uh, uh,
• 11:52
  Speaker 2: I mean AI is going to completely replace Google. It's
• 11:55
  Speaker 2: going to replace Chrome. You know, the real competition is
• 11:59
  Speaker 2: going to come from me. It doesn't replace it, but
• 12:01
  Speaker 2: it's certainly going to compete with it. Well, I mean
• 12:05
  Speaker 2: AI Open Ai has launched a browser. It's it's launched
• 12:09
  Speaker 2: what it's called an Atlas browser, which is in direct
• 12:14
  Speaker 2: competition to Google Chrome. Uh and uh, it'll be it'll
• 12:19
  Speaker 2: be interesting to see and of course it'll try to
• 12:23
  Speaker 2: take ad revenue again, take that ad revenue from Google,
• 12:27
  Speaker 2: but also create a revenue stream for open AI through
• 12:30
  Speaker 2: through advertising.
• 12:33
  Speaker 1: The Atlas.
• 12:34
  Speaker 2: The Atlas browser integrates directly into chat GBT. Uh. It
• 12:38
  Speaker 2: had a sideboard, a side ball window people can use
• 12:41
  Speaker 2: to ask chatbut questions about the web pages they visit,
• 12:45
  Speaker 2: and it has an AI agent. They can click around
• 12:48
  Speaker 2: and complete tasks on your behalf. So this is the future.
• 12:52
  Speaker 2: I'm sure Chrome already features an a I Google's AI
• 12:57
  Speaker 2: at the top of the page for many of the
• 12:59
  Speaker 2: quay as you ask it. But it's gonna increase integration
• 13:04
  Speaker 2: of AI into into the browser itself in a in
• 13:08
  Speaker 2: a much more intense way. But it's great to see. Yeah,
• 13:12
  Speaker 2: I mean there is massive competition for these things. That
• 13:17
  Speaker 2: the whole the whole field of monopoly, the whole area
• 13:23
  Speaker 2: of antitrust. It's such a bogus area. It's such a
• 13:27
  Speaker 2: these are such bogus claims. Uh and uh so you
• 13:34
  Speaker 2: know this is a great example Google dominates browsers. Well
• 13:39
  Speaker 2: maybe not, we'll see what happens and new competition that
• 13:43
  Speaker 2: came out of noway, nobody two three years ago would
• 13:46
  Speaker 2: have expected this. Uh So, Yeah, Now I have read
• 13:56
  Speaker 2: here's my cautionary point. I have read that there are
• 13:59
  Speaker 2: some security issues with the new open Eye browser that
• 14:04
  Speaker 2: allows hackers to get into your computer, So beware, don't
• 14:07
  Speaker 2: rush to get in. But you know it's gonna improve.
• 14:10
  Speaker 2: You know they're gonna they're gonna plug those holes. The
• 14:13
  Speaker 2: beautiful thing about Silicon Valley is they're willing to put
• 14:16
  Speaker 2: out products out there that maybe are not yet perfected,
• 14:19
  Speaker 2: and perfect them on on the go. So uh uh,
• 14:24
  Speaker 2: beware of security issues with the new open a Eye browser,
• 14:29
  Speaker 2: but I'm sure those will be plugged and those will
• 14:32
  Speaker 2: be solved soon soon. Uh.
• 14:37
  Speaker 1: One more. One more in terms of AI users, and
• 14:40
  Speaker 1: that's of course robots.
• 14:42
  Speaker 2: Uh. Robots are amazing, and robots powered by AI are
• 14:48
  Speaker 2: going to be going to hance.
• 14:51
  Speaker 1: Productivity in places like ports.
• 14:52
  Speaker 2: I showed you that video of the port of Long Island,
• 14:56
  Speaker 2: Long Beach, Sorry in California, where everything's automated. The crane's automators,
• 15:00
  Speaker 2: the trucks are automated, everything runs independent of human interference,
• 15:05
  Speaker 2: and it's amazing. Again, increased productivity and enhances enhances human
• 15:13
  Speaker 2: well being and ultimately will drive up wages.
• 15:16
  Speaker 1: Well.
• 15:16
  Speaker 2: Amazon is now looking at basically bringing robots into it
• 15:23
  Speaker 2: two warehouses, and you know Amazon's workforce in the United
• 15:27
  Speaker 2: States alone, there's tripled since twenty eighteen and now stands
• 15:32
  Speaker 2: at one point two million people. Many of those people
• 15:36
  Speaker 2: work in warehouses. Well, Amazon's automation team, you know, expects
• 15:42
  Speaker 2: that they can avoid hiring an extra one hundred and
• 15:45
  Speaker 2: sixty thousand people, which is what they would need to
• 15:48
  Speaker 2: keep up with demand between now and twenty twenty seven,
• 15:52
  Speaker 2: and replace them with robots.
• 15:55
  Speaker 1: Replace them with robots that you know, that.
• 16:00
  Speaker 2: Stack the materials but also find them, take them, pack them,
• 16:05
  Speaker 2: and ship them. If you know, for every every robot
• 16:09
  Speaker 2: they put in, they they save a huge amount of money.
• 16:13
  Speaker 2: Robots can walk twenty four to seven, they don't take
• 16:15
  Speaker 2: bathroom breaks, they they're more efficient, they make few mistakes,
• 16:21
  Speaker 2: you know, they they get the job done.
• 16:23
  Speaker 1: And they believe that if.
• 16:24
  Speaker 2: They can they can replace their workforce in the warehouses
• 16:30
  Speaker 2: with robots. They could save thirty percent on each item, picking, packing, delivering,
• 16:39
  Speaker 2: and that that would be that would be huge And
• 16:41
  Speaker 2: of course those are the cost savings that over time
• 16:45
  Speaker 2: will be passed on to consumers. Competition will drive there.
• 16:50
  Speaker 2: So automation is coming. It's coming to bankers who are
• 16:56
  Speaker 2: going to be replaced. Some of them are going to
• 16:58
  Speaker 2: replaced by AI or their jobs enhanced by AI. And
• 17:02
  Speaker 2: it's definitely going to happen in warehouses where robots are
• 17:07
  Speaker 2: going to replace many of those warehouse jobs and those
• 17:14
  Speaker 2: workers are going to have to find other jobs. By
• 17:18
  Speaker 2: twenty thirty three, they believe that robots will basically replace
• 17:25
  Speaker 2: six hundred thousand people who Amazon will not have hired.
• 17:29
  Speaker 2: That is, from now until twenty thirty three. They're not
• 17:31
  Speaker 2: talking about laying people off yet, but this is just
• 17:34
  Speaker 2: instead of people, they're going to introduce robots. They would
• 17:38
  Speaker 2: hire six hundred thousand over the next eight years. Instead
• 17:41
  Speaker 2: of that, they're gonna put in robots, save the six
• 17:44
  Speaker 2: hundred thousand I mean. And the reality is people say, oh,
• 17:50
  Speaker 2: but what happens to those people?
• 17:52
  Speaker 1: What would they do?
• 17:53
  Speaker 2: The reality is that the added wealth that we all
• 17:56
  Speaker 2: have because our products in Amazon costs less, they added
• 17:59
  Speaker 2: wealth we all have because finance is more efficient, more effective,
• 18:03
  Speaker 2: added wealth that we all have because the world out
• 18:06
  Speaker 2: there is more efficient, more productive, productivity is increased. That
• 18:10
  Speaker 2: wealth drives employment because that you know, the capital that's
• 18:16
  Speaker 2: saved on all these expenditures goes into building other stuff,
• 18:20
  Speaker 2: It goes into creating new stuff. Right now, you know,
• 18:25
  Speaker 2: there's a huge amount of jobs in for the uh
• 18:29
  Speaker 2: server farms, for these massive complexes. They're going to have
• 18:34
  Speaker 2: to pouse all the servers to generate AI. So jobs
• 18:44
  Speaker 2: are going to change. Bet I bet anybody anything. Then
• 18:49
  Speaker 2: in ten years there are more jobs than there are today.
• 18:53
  Speaker 2: It just are going to be very different. And you're
• 18:55
  Speaker 2: going to have to be very alert to the shifting
• 18:58
  Speaker 2: nature of jobs, young, because you're gonna have to be
• 19:03
  Speaker 2: willing to shift with them. Uh So, Yeah, robots are coming,
• 19:14
  Speaker 2: lots of different types of robots. I know, if you've
• 19:16
  Speaker 2: seen I mean there's a warehouse like robots. So but
• 19:19
  Speaker 2: but I don't know if you've seen the per million China.
• 19:22
  Speaker 2: They have these the humanoid robots that we'll be able to,
• 19:26
  Speaker 2: uh do the housework and and and you know, clean
• 19:30
  Speaker 2: your place and uh do amazing you know, amazing stuff.
• 19:36
  Speaker 2: You know. Maybe be I don't think you need to
• 19:38
  Speaker 2: show for because're gonna have self to any cause. I mean,
• 19:40
  Speaker 2: life is going to become if technology is allowed to advance,
• 19:44
  Speaker 2: and we'll get to that in a minute. If technology
• 19:46
  Speaker 2: is allowed to advance, life is going to stop becoming
• 19:50
  Speaker 2: so much easier and better.
• 19:53
  Speaker 1: And more prosperous and richer because of this new technology.
• 20:00
  Speaker 1: That is what is at stake. It's a real dramatic
• 20:03
  Speaker 1: increase in the quality and standard of living. But don't worry.
• 20:07
  Speaker 2: There are people out there on both the left and
• 20:11
  Speaker 2: the right who are committed for that day.
• 20:14
  Speaker 1: Never account. There is.
• 20:20
  Speaker 2: A letter going around, I guess a statement going around
• 20:26
  Speaker 2: that a statement to prevent the creation of what they
• 20:31
  Speaker 2: call super intelligence. Now nobody exactly can define what super
• 20:34
  Speaker 2: intelligence is. They say it's more intelligent than most humans.
• 20:38
  Speaker 1: What does that mean?
• 20:41
  Speaker 3: You know?
• 20:42
  Speaker 2: Intelligence defined? How there's something unique about human beings. Language
• 20:51
  Speaker 2: models are not thinking. Large language models don't exhibit intelligence.
• 21:00
  Speaker 2: What they're doing is manipulating symbols, and they're driven by
• 21:04
  Speaker 2: statistical algorithms, but they're not doing any thinking. They can't induce.
• 21:12
  Speaker 2: You can teach them deductive rules, but they can't come
• 21:15
  Speaker 2: up with new knowledge because they can't induce, and as
• 21:22
  Speaker 2: a consequence, that can't be creative. They have no creativity.
• 21:28
  Speaker 2: And then they're just not thinking. They're just manipulating stuff,
• 21:32
  Speaker 2: and we do not, as human beings manipulate stuff. They
• 21:35
  Speaker 2: have no free will, they have a no ability to
• 21:37
  Speaker 2: initiate the process. So what does superintelligence actually mean? Nobody
• 21:44
  Speaker 2: really knows. But what we do know is these people afraid.
• 21:49
  Speaker 2: They're very, very very afraid. I mean, this is a
• 21:52
  Speaker 2: superintelligence that's going to kill us all. We'd be told
• 21:55
  Speaker 2: that over and over again. And eight hundred people, including
• 22:00
  Speaker 2: AI scientists, politicians, celebrities, and release leaders, have signed this
• 22:05
  Speaker 2: statement basically asking governments all around the world to ban
• 22:12
  Speaker 2: AI advancement because we don't want AI to become more
• 22:18
  Speaker 2: intelligent than the way he is here. This is from
• 22:21
  Speaker 2: the statement. We call for a prohibition on the development
• 22:24
  Speaker 2: of super intelligence, not lifted before there is a broad
• 22:29
  Speaker 2: scientific consensus that it will be done safely and controllably
• 22:35
  Speaker 2: in strong public buy in, because we have to have
• 22:38
  Speaker 2: public bank because we know the public bought in to
• 22:41
  Speaker 2: every technological advance we've had. Otherwise, god, what would have happened.
• 22:46
  Speaker 2: I mean, I'm sure Thomas Edison polled people before the
• 22:52
  Speaker 2: electric light bulb and before electrifying cities and so on.
• 22:56
  Speaker 2: I'm sure that he went by the polls of this
• 23:00
  Speaker 2: include the godfathers of AI, Jeffrey Hinton and Joshua Benigo,
• 23:05
  Speaker 2: who are very afraid of what AI might bring. Former
• 23:09
  Speaker 2: Ireland President Mary Robinson and Prince Harry. Well, if Prince
• 23:14
  Speaker 2: Harry signed it, you know this is serious, because it's
• 23:17
  Speaker 2: not just Prince Harry signed Megan.
• 23:19
  Speaker 1: Megan Markel also signed it. Now you're not serious.
• 23:23
  Speaker 2: But you know you got people from the right Stephen Bannon.
• 23:28
  Speaker 2: Steve Bannon signed us. And you've got people on the left,
• 23:32
  Speaker 2: Stephen Frye signed it. You know, comedians, very funny comedians,
• 23:37
  Speaker 2: but comedians nonetheless.
• 23:39
  Speaker 1: Are worried about all this.
• 23:43
  Speaker 2: Of course, remember there was a statement way back. There
• 23:48
  Speaker 2: was even signed by a lone mosque in March of
• 23:51
  Speaker 2: twenty twenty three after chechipt first launch, you know, saying
• 23:56
  Speaker 2: we need a six month moratorium. Since then, un muskers
• 24:00
  Speaker 2: go all into x Ai and into the competition around
• 24:05
  Speaker 2: Ai and trying to develop the smartest Ai possible and
• 24:08
  Speaker 2: going full in. Uh. But yeah, even some Chinese scientists
• 24:14
  Speaker 2: have signed the statement, including Andrew Yao and Yack quin Zhong,
• 24:19
  Speaker 2: who is the former president of Baidu.
• 24:22
  Speaker 1: We've got former government officials.
• 24:25
  Speaker 2: From the BI from Obama administration and from the Bush administration.
• 24:31
  Speaker 1: Uh and uh.
• 24:33
  Speaker 2: Basically across the board, you've got people signing in we
• 24:37
  Speaker 2: want government to dictate the pace of innovation in AI,
• 24:42
  Speaker 2: instead of government looking at the ways in which AI
• 24:46
  Speaker 2: could violate property rights, could be a threat to human life,
• 24:52
  Speaker 2: and there's no reason to believe it can't be a threat.
• 24:54
  Speaker 1: It can be, and then passing laws to resfixt.
• 24:59
  Speaker 2: Its ability to be a threat to individual rights, be
• 25:02
  Speaker 2: a threat to human life and human property.
• 25:04
  Speaker 1: That's what the government should do instead.
• 25:07
  Speaker 2: What these Ludites, these modern Luddites, are both left and
• 25:10
  Speaker 2: right and center and every way.
• 25:12
  Speaker 1: What they want you to do is.
• 25:17
  Speaker 2: They want the government to shut it down at least
• 25:19
  Speaker 2: for a while, freeze it where it is, just like
• 25:22
  Speaker 2: the border between Ukraine and Russia. Freeze it where it is,
• 25:26
  Speaker 2: and then only when the governments, government experts agree that
• 25:32
  Speaker 2: it's safe to continue, because we trust coming experts so much,
• 25:35
  Speaker 2: because they're so reliable, they know what they're doing. Of course,
• 25:41
  Speaker 2: even in the United States agreed to do this. It's
• 25:44
  Speaker 2: China would I mean, we can almost guarantee that China wouldn't.
• 25:48
  Speaker 2: The whole thing is just absobed. It's a typically Luodite
• 25:51
  Speaker 2: fear based fear driven the computers will all wake up
• 25:55
  Speaker 2: and kill us all and uh, you know, and they
• 26:03
  Speaker 2: might kill us all because they betrayed by XAI, I
• 26:06
  Speaker 2: guess by Ellen musk to to to be Nazis and
• 26:10
  Speaker 2: they're going to take over the world and slaughter us. All.
• 26:12
  Speaker 2: I mean, that kind of fantasies all over the place. Now,
• 26:16
  Speaker 2: it's true, AI can't be dangerous. It would be bad
• 26:20
  Speaker 2: if if AI could be used to build biological weapons
• 26:24
  Speaker 2: or chemical weapons, or by non state actors, by anybody
• 26:28
  Speaker 2: out there, it would be it would be sad if
• 26:31
  Speaker 2: AI could be used to hack into the most into
• 26:35
  Speaker 2: computers and and uh where property could be destroyed and
• 26:39
  Speaker 2: so on. There's all kinds of stuff like that that
• 26:42
  Speaker 2: all bad outcomes from AI. That is where the government
• 26:48
  Speaker 2: should be focused on on on building protections from things
• 26:52
  Speaker 2: like that, you know, maybe banning even certain uh you know,
• 26:57
  Speaker 2: queries like how do I build a nuclear bomb, how
• 26:59
  Speaker 2: do build a chemical whatever? You know, somebody would have
• 27:03
  Speaker 2: to really think deeply about what those would be. But
• 27:09
  Speaker 2: the idea of stopping at all because I don't know,
• 27:12
  Speaker 2: because the economic danger, the the you know, the the
• 27:19
  Speaker 2: fact that it would wake up and kill us all.
• 27:23
  Speaker 1: I mean, here's what they write about.
• 27:26
  Speaker 2: This loss of control over the AI is something that
• 27:30
  Speaker 2: is viewed as a national security threat, both by the
• 27:33
  Speaker 2: West and in China. They will be against it for
• 27:37
  Speaker 2: their own self interest, so they don't need to trust
• 27:40
  Speaker 2: each other at all. So the idea is, let's get
• 27:45
  Speaker 2: China and the United States focused on this band.
• 27:49
  Speaker 1: You know, but this, if this is a.
• 27:50
  Speaker 2: Real issue that somehow AI can cause destruction at any level,
• 27:58
  Speaker 2: then deal with that.
• 28:00
  Speaker 1: That's where the energy and the focus should be.
• 28:06
  Speaker 2: The problem is that epistemology, a lot of the people
• 28:08
  Speaker 2: who think about this, a lot of people who debate
• 28:12
  Speaker 2: this and discuss this, don't really understand what AI actually does,
• 28:17
  Speaker 2: and give it way too much power and efficaciousness. They
• 28:21
  Speaker 2: give them, They give it life, they give it consciousness,
• 28:24
  Speaker 2: they give it choice. And that's where it becomes dangerous,
• 28:29
  Speaker 2: because they want to regulate something that they don't really understand.
• 28:33
  Speaker 2: Because they don't understand human consciousness, they don't understand life,
• 28:37
  Speaker 2: they don't understand the relationship between life, consciousness, and free will.
• 28:41
  Speaker 2: And because they don't understand this metaphysically and epistemologically, they
• 28:45
  Speaker 2: attribute stuff to AI that doesn't exist. All right, just
• 28:57
  Speaker 2: to lighten the mood, I guess, just to give you
• 28:59
  Speaker 2: a sense of how bad Rashida the lib Is. I mean,
• 29:06
  Speaker 2: I know you all know she she's she's awful. This
• 29:08
  Speaker 2: she's a congresswoman.
• 29:10
  Speaker 1: So view this.
• 29:12
  Speaker 2: I'm gonna show you this video first of all. This
• 29:13
  Speaker 2: this just this, this picture is worth a thousand words.
• 29:17
  Speaker 2: She's got the Kafia on. And this is the People's
• 29:22
  Speaker 2: Conference for Palestine. This issue of Palestine brings out the
• 29:25
  Speaker 2: worst in all of them. Uh and uh and and
• 29:29
  Speaker 2: just watch how crazy she is, how anti American, how
• 29:35
  Speaker 2: hateful she is.
• 29:37
  Speaker 1: Uh and and and what her agenda is.
• 29:50
  Speaker 2: Uh twenty forty six says, you are not sure if
• 29:52
  Speaker 2: it's because they don't understand what Ai he does. I mean,
• 29:55
  Speaker 2: it's a yeah. He says, it's because they don't understand consciousness.
• 30:01
  Speaker 2: If you think consciousness is computational.
• 30:03
  Speaker 1: Yeah, I agree with that. That's basically what I said.
• 30:05
  Speaker 2: I think I said, they don't understand the relationship between
• 30:07
  Speaker 2: life and consciousness and choice. They don't understand the epistemological
• 30:11
  Speaker 2: and metaphysical nature, and then they attribute as a consequence,
• 30:17
  Speaker 2: because they don't understand these things, they attribute to lamb
• 30:20
  Speaker 2: things they're incompatible with consciousness.
• 30:26
  Speaker 1: And choice and so on.
• 30:28
  Speaker 2: So I think we're saying the same thing anyway, This
• 30:30
  Speaker 2: is teleib a congresswoman and love of HARAMASU and hater
• 30:39
  Speaker 2: of America and hata of Western civilization. And you can
• 30:44
  Speaker 2: tell that just by watching her and listen to this.
• 30:51
  Speaker 3: Look at this room's motherfuckers, we are going anywhere.
• 30:55
  Speaker 2: I mean, just the language. I'm not a prude, but
• 30:58
  Speaker 2: she's a congresswoman and.
• 31:01
  Speaker 1: That's the way you talk. Just pathetic and yeah, anyway,
• 31:07
  Speaker 1: that's the least about problems.
• 31:11
  Speaker 3: Political structures that I have to work in that we
• 31:14
  Speaker 3: are surrounded by was built on slavery and genocide and
• 31:18
  Speaker 3: rape and oppression.
• 31:20
  Speaker 2: So America is a country built on genocide, rape, oppression,
• 31:25
  Speaker 2: is built on slavery. Those were not aberrations from the
• 31:30
  Speaker 2: fact that it was built on the constitution of.
• 31:33
  Speaker 1: Declaration dependence, the principle of individual rights.
• 31:35
  Speaker 2: Those are the absence. According to lib that is the
• 31:38
  Speaker 2: core of what America is. That is the essence of
• 31:42
  Speaker 2: Western civilization, America being representative of it. There is no
• 31:46
  Speaker 2: America without rape and genocide and slavery. I mean, this
• 31:52
  Speaker 2: is the evil of sixteen nineteen. But you know they've
• 31:56
  Speaker 2: never given up in sixteen nineteen. But this is much
• 31:58
  Speaker 2: worse than just sixteen nineteen. This because this is uh,
• 32:03
  Speaker 2: you know, this is a dramatic extension of it with
• 32:06
  Speaker 2: with political model implications, but it's built on the same foundations.
• 32:12
  Speaker 2: America is built on sin. Western civilization is built on sin.
• 32:16
  Speaker 2: You know, the goodness, the value is outside of Western civilization,
• 32:21
  Speaker 2: outside of America. Again, she's a congresswoman. And this one
• 32:26
  Speaker 2: of the differents between the left and the right is
• 32:28
  Speaker 2: that the wacky, crazy, insane left it is now has
• 32:36
  Speaker 2: been for a long time now in Congress. Now the crazy, racist,
• 32:44
  Speaker 2: insane right is in the executive branch. Well, and it's
• 32:49
  Speaker 2: also in Congress. What am I talking about? It's not say,
• 32:51
  Speaker 2: in Congress, we've got Majie Taylor Green, We've got some
• 32:53
  Speaker 2: other of these. Yeah, they're all in Congress. But here
• 32:56
  Speaker 2: this is this is an example of the insanity of
• 33:00
  Speaker 2: the left. Real change, real change, does it.
• 33:02
  Speaker 3: Come from the powers and poormongers in Congress.
• 33:06
  Speaker 2: It comes from up the streets.
• 33:07
  Speaker 3: It comes from all of us mobilizing and seizing the
• 33:10
  Speaker 3: power to resist and fight.
• 33:11
  Speaker 2: Back, seizing the power, seizing the power, mobilizing and seizing
• 33:17
  Speaker 2: the power. So this is not about you know, working
• 33:21
  Speaker 2: through Congress, voting people in It's about seizing that.
• 33:24
  Speaker 3: Is the compass in this country.
• 33:27
  Speaker 2: Gaza is the compass. Gaza tells you who's the good
• 33:32
  Speaker 2: guys and who the bad guys. Now I agree, Actually,
• 33:34
  Speaker 2: I actually agree with the lip. Gaza is the compass.
• 33:38
  Speaker 2: Gaza is the compass. The people who are pro Gaza,
• 33:42
  Speaker 2: the people who Wikafia's, the people who defend Hamas, the
• 33:45
  Speaker 2: people who hate Israel, you know, are representative and are
• 33:53
  Speaker 2: spokesman for evil evil. Now she thinks this the other
• 33:57
  Speaker 2: way out. She thinks is exactly the other way around.
• 34:01
  Speaker 2: She thinks that Gaza is the standard. Those who support Gaza,
• 34:06
  Speaker 2: those of Ramas, those support great pellage genocide by Ramas
• 34:10
  Speaker 2: are the good guys, and those who support Israel evil.
• 34:17
  Speaker 2: And that includes other people in democratic establishment, the people
• 34:20
  Speaker 2: in obviously in the Trump administration, but everybody, including you know,
• 34:30
  Speaker 2: those evil, nasty, really really nasty and evil Zionists. That
• 34:35
  Speaker 2: is right. I mean, she literally said, Gaza is Gaza
• 34:40
  Speaker 2: is the compass. Now again I agree, It's just my
• 34:43
  Speaker 2: compass is exactly the reverse of hers, exactly the reverses.
• 34:46
  Speaker 1: Who and.
• 34:50
  Speaker 2: She is and would be a support of Ramas. Of course,
• 34:53
  Speaker 2: she wouldn't like what Haramas does to her, she wouldn't
• 34:58
  Speaker 2: like living under Hamas government, and just like she wouldn't
• 35:03
  Speaker 2: want to give up on all the wonders that Western
• 35:06
  Speaker 2: civilationszation has brought us in order to return to whatever
• 35:10
  Speaker 2: primitive utopia she believes exists out there. But this is
• 35:18
  Speaker 2: the idea that you know, civilization is rotten to the core.
• 35:23
  Speaker 2: This is this is what's his name, Hussau.
• 35:27
  Speaker 1: Brought to life today. Civilization is rotten to the core.
• 35:32
  Speaker 1: What is good? What is virtuous? What is noble? What
• 35:34
  Speaker 1: is true? What is what is the assence of goodness?
• 35:40
  Speaker 1: Other barbarians?
• 35:42
  Speaker 2: Gause, people who lived in America before America, people who
• 35:47
  Speaker 2: lived in Africa, they're the good guys. Western civilization because
• 35:52
  Speaker 2: of civilization, because of its virtues, because it's produced wealth,
• 35:56
  Speaker 2: because it's created great industry and and and improved human
• 36:02
  Speaker 2: life and created great wealth and eliminated poverty. Because of
• 36:08
  Speaker 2: those things, Western civilization must be condemned and must be denounced,
• 36:15
  Speaker 2: and all its achievements much we handed over.
• 36:17
  Speaker 1: To the savages.
• 36:19
  Speaker 2: And yes, I call the the uh Hamas and the
• 36:24
  Speaker 2: people who support them, which is a significant portion of
• 36:28
  Speaker 2: the Palestinians savages, barbarians, because that's exactly what they are
• 36:34
  Speaker 2: compass in this country.
• 36:39
  Speaker 3: Not everybody's true in Congress and we're every corner of
• 36:43
  Speaker 3: the United States.
• 36:46
  Speaker 2: Yeah, yeah, she makes a big deal of Now we're
• 36:49
  Speaker 2: in Congress and we're every corner and we're gonna take over.
• 36:52
  Speaker 1: We're taking over. Be aware, watch us.
• 36:56
  Speaker 2: And this is the this is the horror of modern
• 36:58
  Speaker 2: American politics. You know, evil to the left of me,
• 37:03
  Speaker 2: evil to the right of me, evil every way. I look,
• 37:08
  Speaker 2: where is their sanity? Where is there any goodness out there?
• 37:15
  Speaker 2: Because really, when you start going out into the left
• 37:22
  Speaker 2: and right, as we know, they are very similar. They're
• 37:26
  Speaker 2: very similar economically, They're very similar with regard to the
• 37:29
  Speaker 2: Middle East, They're very similar with regard to Western civilization.
• 37:32
  Speaker 1: They want to go back to different things.
• 37:36
  Speaker 2: You know, someone want to go back to the barbarism
• 37:39
  Speaker 2: and primitivism or primitivism of the maybe Native Americans. Other
• 37:43
  Speaker 2: want to go back to the Native to the barbarism
• 37:46
  Speaker 2: and primitivism of the Christian Middle Ages or Dark Ages.
• 37:51
  Speaker 1: But they all want to go backwards. Just just horrific.
• 37:58
  Speaker 2: The state of our politics today, the state of our
• 38:00
  Speaker 2: world today, it really is, it really is stunning. And
• 38:05
  Speaker 2: the voices who are better, are constantly being pushed to
• 38:11
  Speaker 2: accommodate the wackos because the wackos are where the passion is.
• 38:16
  Speaker 2: The wackos are where the bases are. The wackos are
• 38:19
  Speaker 2: the people who bring out the voters. They're the ones
• 38:22
  Speaker 2: who vote in the primaries. They're the ones who kind
• 38:27
  Speaker 2: of dictate the direction of the political party. And if
• 38:31
  Speaker 2: you don't think that techer Cars has political power, here's
• 38:35
  Speaker 2: a men's political power. He's still besties with eight Evans. It's,
• 38:49
  Speaker 2: you know, really really really horrible state about political culture. Sorry,
• 39:02
  Speaker 2: I just something called my eye on Twitter, but it's gone.
• 39:15
  Speaker 2: H here's a here's a good one from from kind
• 39:18
  Speaker 2: of the right. Uh anyway, all right, no, we'll skip that.
• 39:28
  Speaker 2: Let's see where we're going.
• 39:32
  Speaker 1: Yeah, I mean, uh oh, I skipped I skipped this one.
• 39:40
  Speaker 2: I skipped this one. So uh yeah, I mean this
• 39:43
  Speaker 2: is a headline in Fortune magazine and and uh online,
• 39:47
  Speaker 2: and it kind of symbolizes the kind of world that
• 39:53
  Speaker 2: we're moving into the world around us. It's it's it's
• 39:56
  Speaker 2: a little scary. Here's the here's the headline. Fear sweeps
• 40:01
  Speaker 2: the c suite companies pull millions into security as threats
• 40:07
  Speaker 2: against executives surge. So of course we all remember the
• 40:11
  Speaker 2: shocking murder of United Healthcare CEO Brian Thompson in December
• 40:16
  Speaker 2: of twenty twenty four, which was celebrated by many on
• 40:21
  Speaker 2: the left and by some.
• 40:24
  Speaker 1: On the right. And since then, of course we've had
• 40:30
  Speaker 1: other violence.
• 40:31
  Speaker 2: We've had the guy who went up and killed two
• 40:33
  Speaker 2: executives a Blackstone, even though he wasn't quite meaning to
• 40:37
  Speaker 2: kill them specifically, they still got killed. And then of
• 40:42
  Speaker 2: course you got the killing of Charlie Cooke. But there
• 40:45
  Speaker 2: was fear among CEOs and business leaders, primarily because of
• 40:49
  Speaker 2: the increasing and ongoing hostility towards business.
• 40:54
  Speaker 1: I played your video yesterday of JD.
• 40:57
  Speaker 2: Vans just laying into or basically accepting the fact that
• 41:05
  Speaker 2: the enemy is big business. So it's not just a
• 41:11
  Speaker 2: left anymore, saying that he sympathizes with Bernie Sanders and
• 41:17
  Speaker 2: Elizabeth warn So now again both left and right, you've
• 41:22
  Speaker 2: got both left and right antagonistic to business leaders, and
• 41:28
  Speaker 2: as a consequence, business is scared. And the response to
• 41:32
  Speaker 2: the killing of the United Health CEO to Bian Thompson's
• 41:36
  Speaker 2: and kind of the vitrio expressed by so many people,
• 41:41
  Speaker 2: including this administration against pharmaceutical companies and against big tech
• 41:47
  Speaker 2: and against other companies.
• 41:48
  Speaker 1: Although the rhetoric about.
• 41:50
  Speaker 2: Big tech is being moderated a little bit now they're
• 41:52
  Speaker 2: big tech has become as basically supported Trump. Now I
• 41:58
  Speaker 2: think they're more favorable towards me team, but they're still
• 42:00
  Speaker 2: suing them in anti trust. So now you've got companies
• 42:04
  Speaker 2: investing huge amounts of money in bodyguards, security, security cameras,
• 42:10
  Speaker 2: UH security during travel. Uh. They're making it mandatory for example,
• 42:14
  Speaker 2: I mean, this is tough for the CEO, but mandatory
• 42:17
  Speaker 2: for CEOs to travel on private jets because they can
• 42:20
  Speaker 2: control the they can control the UH security on private jets.
• 42:27
  Speaker 1: Uh.
• 42:27
  Speaker 2: But you know, basically you're gonna get business teams, security
• 42:35
  Speaker 2: teams traveling and and and being with CEOs and other
• 42:40
  Speaker 2: senior senior executives NonStop. And they're spending big bucks on this,
• 42:46
  Speaker 2: millions of dollars on this. I mean, uh, it's it's.
• 43:01
  Speaker 1: It's so sad and so tragic that.
• 43:06
  Speaker 2: The people who drive this economy, most productive people in
• 43:10
  Speaker 2: our economy, the people who really make America what it is,
• 43:18
  Speaker 2: they're the people who feel the most threatened right now.
• 43:22
  Speaker 2: They're the people who are spending the most on security.
• 43:29
  Speaker 2: I mean, America was the land of business, the land
• 43:33
  Speaker 2: of entrepreneurs, the land of businessmen, small businesses, medium sized businesses,
• 43:38
  Speaker 2: big businesses too. We admired CEOs, we respected them. And
• 43:44
  Speaker 2: now all we hear here is is hatred and vitrio
• 43:48
  Speaker 2: and no surprise that certain wackos, certain crazies, and look,
• 43:53
  Speaker 2: no normal person goes up in murders.
• 43:56
  Speaker 1: A ceo.
• 43:59
  Speaker 2: These people have been radicalized by the far left and
• 44:04
  Speaker 2: the far right, by their vitriol, by the hatred by
• 44:09
  Speaker 2: you know, by by the ideas and the language and
• 44:13
  Speaker 2: the emotion that drives the hatred of the best within us.
• 44:19
  Speaker 1: The best among us.
• 44:23
  Speaker 2: It's a really, really, really sad day for America when
• 44:26
  Speaker 2: it's CEOs have to have to worry about their security,
• 44:32
  Speaker 2: and after there's a question that they have to We
• 44:34
  Speaker 2: saw that with the killing of the United Health CEO.
• 44:42
  Speaker 2: I mean, I saw the cidy called in Bloomberg today
• 44:46
  Speaker 2: and it's like, I don't even know, I don't know
• 44:48
  Speaker 2: what to do, right, I mean Bloomberg, it's a financial publication.
• 44:53
  Speaker 2: You'd think they know something about economics, and the headline
• 44:59
  Speaker 2: of of the article is a disaster recovery is big business,
• 45:03
  Speaker 2: which is absolutely true. There you know, there's a lot
• 45:06
  Speaker 2: of money that goes into disaster recovery, rebuilding.
• 45:11
  Speaker 1: Uh, that's always been the case.
• 45:13
  Speaker 2: Uh and uh, but here's the thing. Disaster spending is
• 45:19
  Speaker 2: becoming a key driver of the economy. So disaster spending
• 45:25
  Speaker 2: is becoming a key driver of the economy.
• 45:28
  Speaker 1: So when we go and we.
• 45:32
  Speaker 2: Rebuild what already existed because it's being destroyed by a storm,
• 45:39
  Speaker 2: that is driving the economy, that is growing the economy.
• 45:46
  Speaker 2: There's some statistic about here about the percentage of GDP
• 45:50
  Speaker 2: that is now driven by uh, you know, by disaster recovery.
• 45:59
  Speaker 2: And and god Besty I wrote about this over will
• 46:05
  Speaker 2: over one hundred years ago. Here's the United States economy
• 46:15
  Speaker 2: has gone twenty trillion dollars since two thousand to twenty
• 46:20
  Speaker 2: nine trillion dollars last year. About seven point seven trillion
• 46:25
  Speaker 2: of that, or thirty six percent of all growth in
• 46:28
  Speaker 2: GDP is spending relating to recovering from or preparing for disasters.
• 46:36
  Speaker 2: Let's just focus on the recovering from, I mean the
• 46:41
  Speaker 2: fallacy there is called the broken window fallacy, the broken
• 46:44
  Speaker 2: window fellasy.
• 46:46
  Speaker 1: And hey, this is amazing. If we can grow GDP.
• 46:51
  Speaker 2: By because of disasters, then why don't we have more disasters.
• 46:57
  Speaker 2: We don't have to wait for the storms to knock
• 46:59
  Speaker 2: down the buildings. We can knock them down ourselves. We
• 47:03
  Speaker 2: don't have to wait for the storms, you know, for
• 47:07
  Speaker 2: flood recovery. We can pretend there was a flood and
• 47:09
  Speaker 2: just just go do the building ourselves. But this is insane,
• 47:17
  Speaker 2: by the way, The whole idea here is that this
• 47:20
  Speaker 2: is this is all caused by climate change and in
• 47:27
  Speaker 2: climate spending now, which is what this is called, which
• 47:32
  Speaker 2: is nonsense, right, this we've always had. This is a
• 47:36
  Speaker 2: huge percentage of GDP, and we should we should acknowledge that.
• 47:40
  Speaker 2: But what would have happened if we'd had no disasters
• 47:44
  Speaker 2: during the twenty years, during the twenty five years that
• 47:48
  Speaker 2: are covered from two thousand and on. What would have
• 47:51
  Speaker 2: happened to the US economy if we wouldn't have spent
• 47:56
  Speaker 2: seven point seven trillion on recovering from disasters? I mean,
• 48:06
  Speaker 2: think of a how many jobs were created by the
• 48:08
  Speaker 2: seven point seven trillion? Think of how many you know,
• 48:12
  Speaker 2: how much income was generated by it? So what would
• 48:18
  Speaker 2: have happened if we didn't spend it on recovery. And
• 48:23
  Speaker 2: this is the broken window fallacy. Broken window fallacy says
• 48:27
  Speaker 2: the way to create economic growth is to give children
• 48:30
  Speaker 2: a rock and tell them to go out there. Tell
• 48:33
  Speaker 2: them to go out there and break a bunch of windows.
• 48:36
  Speaker 2: Because once the windows are broken, people have to replace them.
• 48:40
  Speaker 2: To replace them, they have to hire glazier. The galizia
• 48:44
  Speaker 2: then has to buy all material to make the glass.
• 48:48
  Speaker 2: He might have to hire extra workers to make the
• 48:50
  Speaker 2: extra load of glass, and then he has to hire
• 48:54
  Speaker 2: an installer to go and install the glass. So by
• 48:59
  Speaker 2: breaking the windows, we've created massive economic activity. But as
• 49:07
  Speaker 2: Bastiat explained, and as has that explains that economics in
• 49:12
  Speaker 2: one lesson, which is a book you should all read,
• 49:16
  Speaker 2: that's ridiculous that assumes the money was not going to
• 49:20
  Speaker 2: be used for other purposes, because at the end of
• 49:23
  Speaker 2: the day, all you get after recovering is the same
• 49:26
  Speaker 2: as what you have before. Now maybe it's newer, maybe
• 49:28
  Speaker 2: it's a little bit better, maybe there's some added value,
• 49:32
  Speaker 2: but overall you're just recovering. You're just replacing what you
• 49:37
  Speaker 2: already had. What would have happened to the seven point
• 49:43
  Speaker 2: seven trillion dollars if they hadn't gone for this kind
• 49:47
  Speaker 2: of work. That seven point seven trillion dollars would have
• 49:52
  Speaker 2: been invested in new stuff, in better stuff, and expanding
• 49:58
  Speaker 2: in something that bore a return on investment, rather than
• 50:03
  Speaker 2: just giving us what we had before. So you know,
• 50:10
  Speaker 2: if you break the window of the baker and now
• 50:13
  Speaker 2: he has to spend money on the window, he can't
• 50:15
  Speaker 2: buy another oven to grow his capacity, or he can't
• 50:18
  Speaker 2: invest put the money in a bank, and then the
• 50:21
  Speaker 2: bank doesn't it doesn't have that money to lend it
• 50:24
  Speaker 2: out to some new small business that.
• 50:26
  Speaker 1: Wants to start. So seven point seven trillion dollars without
• 50:35
  Speaker 1: the disasters would have been larger. So it doesn't add
• 50:43
  Speaker 1: to growth in GDP.
• 50:45
  Speaker 2: Not if you understand you see problem is GDP is
• 50:49
  Speaker 2: calculated as consumption is what we spend money on. GDP
• 50:53
  Speaker 2: is not a very good number in that sense. It's
• 50:56
  Speaker 2: the best we have that's generally accessible, but it's not
• 51:00
  Speaker 2: a good number. So you know, spending is not a
• 51:09
  Speaker 2: sign of economic prosperity. If you're just spending to recoup
• 51:18
  Speaker 2: what you already had, then it's just you're back to
• 51:22
  Speaker 2: zero and the money you could have spent to invest
• 51:27
  Speaker 2: to grow something new to bring into the world, new wealth,
• 51:33
  Speaker 2: new technology, new products, new buildings, that is not wasted.
• 51:39
  Speaker 1: I'm just getting us back to the same place we
• 51:40
  Speaker 1: will before.
• 51:46
  Speaker 2: So I had to highlight that because it's such a
• 51:48
  Speaker 2: classic broken window fallacy thing. Disaster recovery does not enhance
• 51:54
  Speaker 2: economic growth. It just gets us the way we will
• 51:59
  Speaker 2: and that money much better spent on other things. So
• 52:02
  Speaker 2: disasters are not good economically, you know. It suggests that
• 52:06
  Speaker 2: somehow that is good economically, it's not at all. All right,
• 52:13
  Speaker 2: two quick stories on Trump. I think we've covered everything. Yeah,
• 52:17
  Speaker 2: two quick stories on Trump. So you know, the government
• 52:22
  Speaker 2: shut down. I don't know if you've noticed, but the
• 52:23
  Speaker 2: government has shut down, and a lot of workers are
• 52:28
  Speaker 2: being laid off, a lot of them are not getting paid,
• 52:30
  Speaker 2: they're followed.
• 52:32
  Speaker 1: You know, there's a lot of.
• 52:35
  Speaker 2: Programs that are shut down, a lot of money's not
• 52:37
  Speaker 2: going out. But a few things that are definitely happening,
• 52:40
  Speaker 2: and Trump passes priorities straight. And one of those things
• 52:43
  Speaker 2: that is definitely happening is the construction of a ballroom
• 52:50
  Speaker 2: on the White House grounds. And part of constructing the
• 52:53
  Speaker 2: ballroom is demolition a part of the east wing of
• 52:57
  Speaker 2: the White House.
• 53:00
  Speaker 1: People are pissed off. They're pissed off at.
• 53:05
  Speaker 2: Wait a minute, why are we spending two hundred and
• 53:11
  Speaker 2: fifty million dollars to build a ballroom when we're bankrupt
• 53:15
  Speaker 2: or should be bankrupt or we're losing a lot of money,
• 53:19
  Speaker 2: We're in a huge amount of debt. Why are we
• 53:22
  Speaker 2: building it, and why are we building it in spite
• 53:26
  Speaker 2: of the fact that the Governm's locked down?
• 53:27
  Speaker 1: Why is this the priority now?
• 53:35
  Speaker 2: Because people are not happy with this, The White House
• 53:40
  Speaker 2: has put out a memo saying as construction proceeds on
• 53:44
  Speaker 2: the White House grounds, employees should refrain from taking and
• 53:47
  Speaker 2: sharing photos of the grounds to include the East Wing
• 53:51
  Speaker 2: without prior approval.
• 53:52
  Speaker 1: From the Office of Public Affairs.
• 53:56
  Speaker 2: So they don'tant photos going out. They want to hide
• 53:58
  Speaker 2: the fact that they're demolishing a piece of the White
• 54:01
  Speaker 2: House and building this ballroom while the gunment shuts it down.
• 54:06
  Speaker 2: So a lot of people are not getting paid, a
• 54:08
  Speaker 2: lot of people are not getting what they promised, a
• 54:11
  Speaker 2: lot of people not getting their wages. But the ballroom
• 54:14
  Speaker 2: is going up because that's what Trump likes.
• 54:16
  Speaker 1: He likes the ballroom.
• 54:17
  Speaker 2: He thinks the ball move's cool. He thinks the ball
• 54:19
  Speaker 2: move is important. So that's what's going up, that's what
• 54:22
  Speaker 2: we're spending, that's what your tax money is being spent on. Anyway,
• 54:34
  Speaker 2: and they want to hide it somehow, they want to
• 54:36
  Speaker 2: hide it. The ballroom, by the way, will be at
• 54:38
  Speaker 2: least ninety thousand square feet. It has the capacity of
• 54:43
  Speaker 2: more than six hundred seats, whereas the current events space
• 54:51
  Speaker 2: in the White House, the largest only has two hundred seats.
• 54:55
  Speaker 2: So this will be more than three times larger. And yeah,
• 55:02
  Speaker 2: it's kind of crazy. It's kind of crazy. And you know,
• 55:08
  Speaker 2: Trump wrote for more than one hundred and fifty years,
• 55:10
  Speaker 2: every president is dreamt about having a ballroom at the
• 55:13
  Speaker 2: White House to accommodate people for grand parties, state visits,
• 55:17
  Speaker 2: et cetera. I am honored to be the first president
• 55:19
  Speaker 2: finally get this much needed project underway. I you know,
• 55:25
  Speaker 2: I don't recollect reading about Lincoln's dreams about the ballroom
• 55:29
  Speaker 2: or other presidents dreaming.
• 55:31
  Speaker 1: About a ballroom.
• 55:33
  Speaker 2: You know, I'm sure some of them wanted something bigger
• 55:37
  Speaker 2: so that they could expand their invitation list beyond two
• 55:40
  Speaker 2: hundred to six hundred and fifty. But this is just nuts,
• 55:46
  Speaker 2: just nuts, all right. And finally, talk about nuts, and
• 55:54
  Speaker 2: add corruption to nuts. In this one, it turns out
• 55:59
  Speaker 2: that Trump is demanding that the Justice Department, in other words,
• 56:04
  Speaker 2: you guys, anybody who pays taxes hand over to him
• 56:09
  Speaker 2: two hundred and thirty million dollars as compensation for all
• 56:16
  Speaker 2: the lawsuits that they filed against him during the Biden administration.
• 56:21
  Speaker 1: Yep, yep.
• 56:23
  Speaker 2: President Trump is demanding that the Justice Artoment pay him
• 56:26
  Speaker 2: about two hundred and thirty million in compensation for the
• 56:29
  Speaker 2: federal investigations into him.
• 56:34
  Speaker 1: Now, this would be a settlement even though there's no lawsuit.
• 56:38
  Speaker 1: And who's going to prove this. Who is in the.
• 56:42
  Speaker 2: Justice Department to approve whether they pay their boss to
• 56:46
  Speaker 2: two hundred thirty million dollars. Well, most of people in
• 56:49
  Speaker 2: those positions are actually his defense lawyers when he wasn't president,
• 56:57
  Speaker 2: are now in the Justice Department. So his own lawyers
• 57:00
  Speaker 2: are now going to approve that the government government doesn't
• 57:04
  Speaker 2: have any money. So you all of you guys pay
• 57:07
  Speaker 2: Donald Trump two hundred and thirty million dollars. And by
• 57:11
  Speaker 2: the way, cases that by all accounts had a real
• 57:16
  Speaker 2: shot at actually finding him guilty if they'd ever gone
• 57:21
  Speaker 2: to trial. Now this, you know, this goes back. I
• 57:30
  Speaker 2: guess to the investigation into the Russian election tampering and
• 57:37
  Speaker 2: also into the you know, Mobologo search. We had confidential
• 57:45
  Speaker 2: information and try to hide it classified documents and try
• 57:48
  Speaker 2: to hide them too.
• 57:50
  Speaker 1: Is trying to Tampa with the election results and all
• 57:53
  Speaker 1: of that two hundred and thirty million dollars.
• 57:56
  Speaker 2: I mean, he's already squeezed the media and continues to
• 57:59
  Speaker 2: try to squeeze them media. He squeezed law firms, they
• 58:02
  Speaker 2: all wrote checks to him. Now he's squeezing us, the taxpayers.
• 58:12
  Speaker 2: I mean, how do you How does anybody defend that?
• 58:17
  Speaker 2: How does anybody defend that?
• 58:21
  Speaker 1: It really is? It really is nuts?
• 58:27
  Speaker 2: All right, I'm going to end quickly with a positive
• 58:29
  Speaker 2: story and then we'll go to questions. Although god, this
• 58:32
  Speaker 2: is like the fewest questions I've gotten on a new
• 58:35
  Speaker 2: show maybe ever. So I don't know what's happening to
• 58:38
  Speaker 2: you guys, No questions anymore. I've answered all your questions.
• 58:42
  Speaker 2: We should get rid of super chats because you've asked
• 58:45
  Speaker 2: all the questions.
• 58:45
  Speaker 1: They are in the world and.
• 58:47
  Speaker 2: None exist anymore. I don't know, I don't know. This
• 58:53
  Speaker 2: is about nuclear power, so you know, the US is
• 58:57
  Speaker 2: trying to encourage the development of nuclear energy. And one
• 59:05
  Speaker 2: of the problems that the United States has in terms
• 59:07
  Speaker 2: of nuclear energy is that the uranium uranium, the fuel
• 59:11
  Speaker 2: that it gets, the fuel that it gets is basically
• 59:16
  Speaker 2: comes from Russia. See the United States is today importing
• 59:21
  Speaker 2: uranium from Russia and paying Russia a lot of money
• 59:23
  Speaker 2: for that uranium.
• 59:27
  Speaker 1: So in order to.
• 59:29
  Speaker 2: At least change that a little bit, the US is
• 59:32
  Speaker 2: now offering a nuclear energy in a sense, you know,
• 59:38
  Speaker 2: a new radioactive material.
• 59:42
  Speaker 1: From war era warheads, Cold War era warheads.
• 59:46
  Speaker 2: So plutonium that they've taken out of the warheads that
• 59:49
  Speaker 2: is makeing a nuclear waste. At this point, they are
• 59:52
  Speaker 2: now offering it to nuclear power companies who might be
• 59:58
  Speaker 2: able to use it in order to put u new
• 1:00:00
  Speaker 2: power instead of the uranium instead of buying the stuff
• 1:00:03
  Speaker 2: from China. The idea is to try to break the
• 1:00:06
  Speaker 2: Russian stranglehold over the uranium supply chain. Of course, these
• 1:00:10
  Speaker 2: uranium in the United States, we could mine it here,
• 1:00:13
  Speaker 2: We could refine it here, if if we got rid
• 1:00:16
  Speaker 2: of all those laws that ban mining, if we we
• 1:00:20
  Speaker 2: got rid of or loosen the environmental regulation to make
• 1:00:24
  Speaker 2: make building factories to refine it impossible the same thing
• 1:00:28
  Speaker 2: with the.
• 1:00:28
  Speaker 1: Real earth material.
• 1:00:31
  Speaker 2: So Energy Department said that it's being that it's selected
• 1:00:36
  Speaker 2: to receive the it's the Energy round said they're being
• 1:00:40
  Speaker 2: selected to receive the plutonium.
• 1:00:43
  Speaker 1: This could help.
• 1:00:44
  Speaker 2: This is plutonium. This could help companies secure fast approval
• 1:00:48
  Speaker 2: for Nuclear Regulatory Commission license.
• 1:00:50
  Speaker 1: So if you sign up for.
• 1:00:52
  Speaker 2: The plutonium program where you get the plutonium rather than uranium,
• 1:00:56
  Speaker 2: they will fast track. You're up location for a for
• 1:01:02
  Speaker 2: a nuclear facility, which is what this con bee needs.
• 1:01:05
  Speaker 2: We need lots of nuclear pop plants. At least two
• 1:01:08
  Speaker 2: companies are Klo, which is backed by open AI's Sam Altman,
• 1:01:14
  Speaker 2: and France's new Cleo Nucleo, are expected to apply to
• 1:01:19
  Speaker 2: access the government's plutonium stockpile. This is I'm reading from
• 1:01:23
  Speaker 2: the Financial Times. The move is the latest in the
• 1:01:26
  Speaker 2: trumpet deministrations attempt to boost the nuclear industry as electricity
• 1:01:30
  Speaker 2: demand grows for the first time in decades, and of
• 1:01:34
  Speaker 2: course because of the AI Power Centers Silver centers, while
• 1:01:41
  Speaker 2: util these scale nuclear pop plants in Michigan and Pennsylvania
• 1:01:43
  Speaker 2: said to start operation within the next two years, and
• 1:01:46
  Speaker 2: billions are being poured into the development of smaller nuclear reactors,
• 1:01:51
  Speaker 2: fuel bottomnecks remain a key constraint on the industry's growth SMRs.
• 1:01:57
  Speaker 1: Those are small nuclear reactors which.
• 1:01:59
  Speaker 2: Could put up to three hundred and mega what's a power,
• 1:02:02
  Speaker 2: typically require a high essay low enriched uranium fuel. So
• 1:02:08
  Speaker 2: what they're doing is the US has a bunch of plutonium.
• 1:02:11
  Speaker 2: They're trying to encourage people to shift to plutonium. Now,
• 1:02:15
  Speaker 2: experts of rates concerned about commercial use of plutonium and
• 1:02:18
  Speaker 2: the risk of the material falling into the wrong hands
• 1:02:20
  Speaker 2: because it's used to be part of a nuclear bomb.
• 1:02:25
  Speaker 2: But you gotta you know, these people know what they're doing,
• 1:02:28
  Speaker 2: right And anyway, Nucleo and Ocalo have a joint venture
• 1:02:37
  Speaker 2: where they're investing in this.
• 1:02:39
  Speaker 1: And this is all good news.
• 1:02:40
  Speaker 2: I mean anything that means growth in nuclear pop plants
• 1:02:44
  Speaker 2: and growth in nuclear energy and breaking the Russian bottleneck
• 1:02:48
  Speaker 2: is good news. This is the kind of stuff happening
• 1:02:50
  Speaker 2: at the Energy Department that we don't hear a lot about.
• 1:02:54
  Speaker 2: This is kind of the better side, the only so
• 1:03:00
  Speaker 2: on the few plus sites the Trump administration. He's got
• 1:03:03
  Speaker 2: a really good energy secretary is Alex Epstein, reminds us often,
• 1:03:09
  Speaker 2: and the Energy Secretary these are kind of things that
• 1:03:11
  Speaker 2: they're doing, you know, to loosen and in order to
• 1:03:13
  Speaker 2: make possible the development of a nuclear power industry in
• 1:03:18
  Speaker 2: the United States. These are long term things. Takes a
• 1:03:20
  Speaker 2: long time. But maybe this is the beginning. Nate, you
• 1:03:28
  Speaker 2: were learning wrong. All right, Let's see too much simp
• 1:03:36
  Speaker 2: you know, over simplification in the world in which we exist.
• 1:03:42
  Speaker 2: All right, so let's just pitt super chats. This is
• 1:03:45
  Speaker 2: a way to support the show. I have a hot
• 1:03:48
  Speaker 2: stop in about half an hour, but we'll try to
• 1:03:50
  Speaker 2: do as many.
• 1:03:51
  Speaker 1: We'll do all the superchats.
• 1:03:53
  Speaker 2: Please consider doing twenty dollars fifty dollars super chats to
• 1:03:56
  Speaker 2: get us to our target. We're about one hundred dollars
• 1:03:58
  Speaker 2: short of the first hour. We're ready into the second hour,
• 1:04:04
  Speaker 2: which the target to our show is five hundred dollars.
• 1:04:07
  Speaker 2: Really really need to get to the two hundred and
• 1:04:10
  Speaker 2: fifty dollars an hour from super chat and stickers.
• 1:04:14
  Speaker 1: That is kind of the.
• 1:04:17
  Speaker 2: Amount necessary to keep the show going at the level
• 1:04:22
  Speaker 2: that we are doing it, the frequency that we're doing it.
• 1:04:25
  Speaker 2: You're buying my time, my effort, the research I do,
• 1:04:29
  Speaker 2: so my time with that, and of course I really
• 1:04:33
  Speaker 2: really appreciate the support so you can make it possible
• 1:04:36
  Speaker 2: for me to do this that I enjoy and love
• 1:04:39
  Speaker 2: so much. You can also become a monthly supporter through
• 1:04:41
  Speaker 2: Patreon or through PayPal. Just check your on book show
• 1:04:45
  Speaker 2: on Patreon or PayPal and sign up a monthly contribution.
• 1:04:50
  Speaker 2: All right, let's check some of these questions. Let's start
• 1:04:52
  Speaker 2: with andrew a theory on Trump's attitude towards Putin. It
• 1:04:56
  Speaker 2: grows from the social hierarchy view secondhandedness. Trump views Putin
• 1:05:02
  Speaker 2: as superior, maybe because he's a dictator and thus feels
• 1:05:06
  Speaker 2: it's wrong to be adversarial thoughts.
• 1:05:09
  Speaker 1: I mean, I certainly think that's part of it. I
• 1:05:11
  Speaker 1: think he admires Putsin.
• 1:05:13
  Speaker 2: I don't. I don't think it's just that he views
• 1:05:15
  Speaker 2: Putin as superior. I think he admires him. I think
• 1:05:18
  Speaker 2: he respects him. Putin is strong and powerful and sticks
• 1:05:22
  Speaker 2: to his guns in a way that Trump can'ts and
• 1:05:25
  Speaker 2: never does.
• 1:05:27
  Speaker 1: Putin is is. I think it.
• 1:05:33
  Speaker 2: Exhibits the kind of masculinity that maga In Trump love,
• 1:05:39
  Speaker 2: and I don't think Trump really has. I mean, Putin
• 1:05:43
  Speaker 2: can ride about on a horse, you know, bit chested,
• 1:05:47
  Speaker 2: Putin unleashes his war machine on Ukraine, on Georgia. He
• 1:05:52
  Speaker 2: kills his opponents left and right with no qualms, that
• 1:05:56
  Speaker 2: kind of militaristic. I do whatever the hell I want.
• 1:05:59
  Speaker 2: I am in control, I dominate everybody. Trump loves that,
• 1:06:05
  Speaker 2: and in that sense, yeah, I think he thinks Putin
• 1:06:08
  Speaker 2: is superior at least has achieved a superior position, and
• 1:06:15
  Speaker 2: views him as as better than him, as more than him,
• 1:06:20
  Speaker 2: or at least there's something he wants, he aspires to,
• 1:06:22
  Speaker 2: he wishes he could do. He Look, it's not all psychology.
• 1:06:31
  Speaker 2: I mean, I know Trump is not exactly ideological, but
• 1:06:35
  Speaker 2: if you think about what Trump wants. Trump wants to
• 1:06:39
  Speaker 2: be an authoritarian. Putin is already there. Trump wants everybody
• 1:06:42
  Speaker 2: to get up when he walks into a room. Putin
• 1:06:45
  Speaker 2: already has that. Trump wants to be respected. Everybody respects
• 1:06:50
  Speaker 2: Trump Putin because they have no choice. They go to
• 1:06:52
  Speaker 2: jail if they don't. Trump wants what Putin has, and
• 1:06:58
  Speaker 2: of course Putin what the right loves. He has, you know,
• 1:07:03
  Speaker 2: the backing of religion, and he presents himself as a
• 1:07:06
  Speaker 2: religious leader. He has the Christian Orthodox, he has a
• 1:07:09
  Speaker 2: collectivistic vision, he has empire's goal. I think Trump doesn't
• 1:07:15
  Speaker 2: understand any of that, but admires it nonetheless because of
• 1:07:18
  Speaker 2: what feeds Putin's ability to be so unbending and uncompromising.
• 1:07:24
  Speaker 2: Is that is those ideas. I mean, Trump wants a ballroom.
• 1:07:30
  Speaker 2: He wants to build ugly stuff. And the ballroom is
• 1:07:33
  Speaker 2: going to be ugly by the way. I mean, by
• 1:07:35
  Speaker 2: my standards. It's going to be beautiful by the standards
• 1:07:38
  Speaker 2: of the eighteenth and nineteenth century and ugly by the
• 1:07:40
  Speaker 2: standards of the twenty first century. Our aesthetics should evolve,
• 1:07:45
  Speaker 2: they should change when it comes to things like architecture
• 1:07:52
  Speaker 2: and into your design, furniture and chandeliers, and you know,
• 1:07:59
  Speaker 2: what is beautiful changes with technology. It changes with what's
• 1:08:04
  Speaker 2: possible a big amazing You know, shandalier makes sense when
• 1:08:11
  Speaker 2: it's all.
• 1:08:13
  Speaker 1: Candles, but when you have.
• 1:08:16
  Speaker 2: Led light you or you have you know, electricity, Shandali's
• 1:08:20
  Speaker 2: don't make sense anymore anyway, you know, go, yeah, yes,
• 1:08:25
  Speaker 2: gold plated on the White House.
• 1:08:27
  Speaker 1: Those are the things he cares about.
• 1:08:28
  Speaker 2: It's the material manifestation, the external manifestations of glamor and
• 1:08:33
  Speaker 2: wealth that he thinks will cause people to admire and
• 1:08:39
  Speaker 2: respect him. And he thinks symbols a power. Thank you, Andrew.
• 1:08:49
  Speaker 2: Let me just thank some of the stickers. Mary Allen,
• 1:08:51
  Speaker 2: thank you, Enrick, thank you, Jonathan, thank you, Mary Aleen again,
• 1:09:00
  Speaker 2: and thank you Jacob.
• 1:09:02
  Speaker 1: Thank you.
• 1:09:04
  Speaker 2: Yeah, I mean today, for those of you who don't
• 1:09:07
  Speaker 2: regularly support the show, and we're listening in our live
• 1:09:11
  Speaker 2: and you know, today's a great day to support the
• 1:09:13
  Speaker 2: show and try to get us to our targets. Given
• 1:09:15
  Speaker 2: that we're so far behind today, your dollars count more.
• 1:09:20
  Speaker 2: So please consider doing a sticker. If you're watching live.
• 1:09:24
  Speaker 2: You know I'm going to be traveling the next few weeks,
• 1:09:26
  Speaker 2: so there's going to be fewer shows. But the shows
• 1:09:31
  Speaker 2: that we do have, we need to raise the right
• 1:09:35
  Speaker 2: amount of money. All right, let's see, Michael just came
• 1:09:38
  Speaker 2: in with fifty dollars. Thank you, Michael.
• 1:09:40
  Speaker 1: Let's see.
• 1:09:40
  Speaker 2: And a question you've viewsed around suicide are very refreshing.
• 1:09:45
  Speaker 2: When training in psychology, they emphasize always directing patients away
• 1:09:49
  Speaker 2: from suicide, as though it's intrinsically wrong or it would
• 1:09:54
  Speaker 2: be taking advantage of someone while in a vulnerable position. Yeah,
• 1:09:59
  Speaker 2: I mean, look, there's some truth to that. Let's not
• 1:10:01
  Speaker 2: completely reject that because it is true that some people
• 1:10:05
  Speaker 2: contemplate suicide when suicide is not their best option, when
• 1:10:09
  Speaker 2: they're very vulnerable, vulnerable emotionally, and you know, suicide is death.
• 1:10:16
  Speaker 2: Suicide is the end. Suicide is not where you want
• 1:10:18
  Speaker 2: to be. Suicide should always be an option when life
• 1:10:26
  Speaker 2: is unbearable for whatever reason, life is unbearable, Suicide should
• 1:10:31
  Speaker 2: be a legitimate option. But too many people, you know,
• 1:10:38
  Speaker 2: not jump to the conclusion of life is unbearable when
• 1:10:42
  Speaker 2: it might not be.
• 1:10:44
  Speaker 1: See, you want to.
• 1:10:45
  Speaker 2: Give life as many opportunities as possible, you want to
• 1:10:49
  Speaker 2: try as many things as possible to be able to
• 1:10:52
  Speaker 2: keep going. And then if you come to the conclusion, no,
• 1:10:56
  Speaker 2: it's unbearable and there's no way to mitigate the unbearability
• 1:10:59
  Speaker 2: of it, then suicide should be one hundred percent viable option.
• 1:11:04
  Speaker 1: But it's it's a last option. It's not a first.
• 1:11:08
  Speaker 2: I'm depressed, Okay, I'll kill myself. No, I mean the
• 1:11:11
  Speaker 2: first option is how do you get out of the depression?
• 1:11:13
  Speaker 2: How do you solve that? So suicide is the last
• 1:11:20
  Speaker 2: but it is definitely an option. It's definitely something that
• 1:11:24
  Speaker 2: needs to be on the table and it needs to
• 1:11:25
  Speaker 2: be considered, and it's wrong for mental health professionals not
• 1:11:29
  Speaker 2: to acknowledge that again, not to make it your first option,
• 1:11:34
  Speaker 2: but certainly.
• 1:11:36
  Speaker 1: An option, all right, thank you, Michael.
• 1:11:40
  Speaker 2: Michael also asks, while objectivism holds man's mind and potential
• 1:11:45
  Speaker 2: in high esteem, given the popularity and success of Trump
• 1:11:49
  Speaker 2: and that types and movies of movies and music that
• 1:11:53
  Speaker 2: are popular, is it fair to say most people today
• 1:11:56
  Speaker 2: are idiots? Well, in me, it depends what you mean
• 1:12:01
  Speaker 2: by an idiot. I mean, I think it's absolutely true
• 1:12:04
  Speaker 2: to say that most people today are are not using
• 1:12:13
  Speaker 2: the rational faculty consistently. They're not using the rational faculty
• 1:12:17
  Speaker 2: anyway close to the potential that they have. They're not
• 1:12:22
  Speaker 2: using their minds is fully full potential and that they
• 1:12:25
  Speaker 2: lack and that they really do lack self esteem. So
• 1:12:29
  Speaker 2: we can say people in the world today lack self
• 1:12:31
  Speaker 2: esteem and are not anywhere near being rational enough and
• 1:12:37
  Speaker 2: not applying rationality consistently in their lives and certain areas
• 1:12:41
  Speaker 2: in their life, notre applying grationality at all. And it's
• 1:12:44
  Speaker 2: because they don't apply the rationality that's why they don't
• 1:12:47
  Speaker 2: have the self esteem. Idiots is just I don't know
• 1:12:52
  Speaker 2: what that means. Does that means they're born without the capacity.
• 1:12:55
  Speaker 2: Does that mean they're not applying themselves? Does that mean
• 1:12:58
  Speaker 2: they're not being rational? That I mean they're just stupid.
• 1:13:01
  Speaker 1: I mean.
• 1:13:03
  Speaker 2: I don't like those terms stupid idiots. I prefer the
• 1:13:07
  Speaker 2: term of are you rational?
• 1:13:08
  Speaker 1: Are you not?
• 1:13:10
  Speaker 2: Are you using what you have, whatever your capacity, whatever
• 1:13:14
  Speaker 2: your ability is, are you using it and using it
• 1:13:20
  Speaker 2: by the principles of reason? Are you applying logic? And
• 1:13:26
  Speaker 2: most people are not, at least when they leave their work.
• 1:13:35
  Speaker 2: Silvano's thank you, Silvano's fifty dollars. Really appreciate that. Hi,
• 1:13:39
  Speaker 2: you Ron being busy. Would you agree there's a risk
• 1:13:43
  Speaker 2: of fatigue to support support Israel in the face of
• 1:13:48
  Speaker 2: constant struggle in Gaza? Do objectives face losing ground in
• 1:13:52
  Speaker 2: the continued defense of Israel? I agree completely. I do
• 1:13:56
  Speaker 2: think this fatigue and you know, and given that the
• 1:14:01
  Speaker 2: real passion is on the other side, they're going away
• 1:14:07
  Speaker 2: because to them, as to lib.
• 1:14:10
  Speaker 1: Said, this is this is a lithmatist, this is a compass.
• 1:14:15
  Speaker 1: This is the issue.
• 1:14:16
  Speaker 2: And they have symbols, They wear their kafeas, and they
• 1:14:20
  Speaker 2: have their chance, and they have their imagery, and they
• 1:14:23
  Speaker 2: march and they're active, and they're engaged.
• 1:14:26
  Speaker 1: There's a lot more passion on that side.
• 1:14:29
  Speaker 2: We're like all on the side of we're just defending
• 1:14:31
  Speaker 2: Western civilization, that's all we're doing. And you know, we're
• 1:14:37
  Speaker 2: to try to chase something down. They are out to
• 1:14:41
  Speaker 2: tear something down, to destroy, And for whatever reason, that
• 1:14:46
  Speaker 2: elicits a lot more passion and consistency than people just
• 1:14:49
  Speaker 2: saying no, we want to build, just leave us alone.
• 1:14:55
  Speaker 2: So you're going to have a lot fewer rallies, a
• 1:14:57
  Speaker 2: lot fewer demonstrations. And because there's not a lot of
• 1:15:01
  Speaker 2: energy in the cause, it's really easy to drift off
• 1:15:04
  Speaker 2: and live your life. Got other things to do, I
• 1:15:08
  Speaker 2: can I've got a job to do, I've got a
• 1:15:10
  Speaker 2: family to take care of. How much of this pro
• 1:15:12
  Speaker 2: Israel stuff can I do? And yeah, I devoted a
• 1:15:15
  Speaker 2: year of my life to it. Okay, now what's next now.
• 1:15:19
  Speaker 2: I will say that the more vicious the Left becomes
• 1:15:25
  Speaker 2: on this issue, the easier it is to maintain focus
• 1:15:29
  Speaker 2: and lose a Naza for fatigue in the support of Israel.
• 1:15:36
  Speaker 2: But I do think there's going to be fatigue. I
• 1:15:39
  Speaker 2: do think that there's a challenge. I mean, I was
• 1:15:41
  Speaker 2: thinking today, should I talk about Gaza. And my guess
• 1:15:45
  Speaker 2: is you guys are a little fatigued by Gaza. I mean,
• 1:15:48
  Speaker 2: what you do I really have to say. I could
• 1:15:50
  Speaker 2: do another rah rah thing about the evil of the
• 1:15:53
  Speaker 2: Hamas and how good Israel is in comparison and why
• 1:15:57
  Speaker 2: you used to support Israel. Okay, I've done that like
• 1:15:59
  Speaker 2: a thousand times. I need another one. Like so, I
• 1:16:04
  Speaker 2: think you guys are probably fatigued by the topic side.
• 1:16:06
  Speaker 2: It said, Okay, today I'm going to take a break
• 1:16:08
  Speaker 2: from Gaza because because there's nothing breaking and there's no
• 1:16:11
  Speaker 2: big deals, we'll take a break from it. But yeah,
• 1:16:15
  Speaker 2: I think there's definitely fatigue. And it's not just objectivists, right,
• 1:16:19
  Speaker 2: objectives are tiny voice within the pro Israel side. There's
• 1:16:24
  Speaker 2: there's a vast number of people defending is well, and
• 1:16:28
  Speaker 2: I think I think they are, but they're all people
• 1:16:32
  Speaker 2: who have lives versus the Kafia wearing people who are
• 1:16:36
  Speaker 2: you know, they have organization behind them. There's no organization
• 1:16:39
  Speaker 2: behind the pro Israel side.
• 1:16:43
  Speaker 1: And of course.
• 1:16:45
  Speaker 2: There's also no funding behind the poor Israel side, where
• 1:16:47
  Speaker 2: there's huge amount of funding. Kata Kata writes big checks
• 1:16:53
  Speaker 2: to public figures to be pro Palestinian pojamas.
• 1:16:59
  Speaker 1: Thanks of honors. I appreciate the support, all right.
• 1:17:05
  Speaker 2: I know you're busy, so I appreciate that, all right, Jacob.
• 1:17:12
  Speaker 2: For robots, initial CAPACX is usually higher and maintenance supposed
• 1:17:16
  Speaker 2: to a pit cost a higher than Dummer lines. The
• 1:17:22
  Speaker 2: financial math needs to be valid. Automation is not a
• 1:17:27
  Speaker 2: good in and of itself from my experience. I mean absolutely,
• 1:17:30
  Speaker 2: But do you have any doubt, Jacob, that the cost
• 1:17:35
  Speaker 2: the cap BAX is going to come down, the cost
• 1:17:37
  Speaker 2: of maintenance to come down, the robots are going to
• 1:17:39
  Speaker 2: get better, and all of that is just going to
• 1:17:42
  Speaker 2: improve over time. I have no doubt that that's the fact.
• 1:17:45
  Speaker 2: The future is robots. It might not be tomorrow because
• 1:17:48
  Speaker 2: they're not quite good enough yet, they're not quite cheap
• 1:17:50
  Speaker 2: enough yet, but they're gonna get cheaper, they're gonna get
• 1:17:53
  Speaker 2: more efficient, they're going to get more productive, and it
• 1:17:57
  Speaker 2: is the future. And if Amazon is investing now, I
• 1:18:00
  Speaker 2: assume hundreds of millions billions of dollars into robots. They're
• 1:18:05
  Speaker 2: not doing it because it's the cool thing. They're doing
• 1:18:08
  Speaker 2: it to save money.
• 1:18:09
  Speaker 1: They're doing it.
• 1:18:09
  Speaker 2: Because it's profitable. So you know, their robots up are
• 1:18:14
  Speaker 2: going to be better. So while it's true that robots
• 1:18:19
  Speaker 2: are not the end in itself, of course they're not.
• 1:18:22
  Speaker 2: We know how technology gets introduced. First it's too expensive.
• 1:18:27
  Speaker 2: Then only some people use it because you know, for
• 1:18:33
  Speaker 2: particular tasks where it can be somewhat productive. But then
• 1:18:37
  Speaker 2: it keeps getting cheaper and cheaper and more efficient and better,
• 1:18:41
  Speaker 2: and finally everybody uses it. And that's what's gonna happen
• 1:18:45
  Speaker 2: with robots. I mean, the same thing happened with computers. Initially,
• 1:18:48
  Speaker 2: it was like, what are we going to use this for.
• 1:18:51
  Speaker 2: It's like you're putting a computer on their desk for
• 1:18:52
  Speaker 2: what just as a typewriter. And if you look at
• 1:18:57
  Speaker 2: productivity numbers, productivity when computers were first introduced in the
• 1:19:02
  Speaker 2: late seventies and into the eighties, productivity did not increase.
• 1:19:06
  Speaker 2: Work of productivity in the United States did not increase.
• 1:19:09
  Speaker 2: Only in the nineties, But ten years after it was
• 1:19:13
  Speaker 2: introduced did people finally figure out and people start using
• 1:19:17
  Speaker 2: computers in ways that actually enhance productivity. Same thing will
• 1:19:21
  Speaker 2: happen with robots. The same thing will happen in AI. Jeremy,
• 1:19:31
  Speaker 2: the Microsoft Edge browser has its own AI fund end
• 1:19:35
  Speaker 2: called Copilot built in I think it uses shy Pete
• 1:19:40
  Speaker 2: at least partially interesting. So yeah, I mean that's the
• 1:19:42
  Speaker 2: direction they're all going to move. I haven't seen if
• 1:19:45
  Speaker 2: Safari has it, but I assume part of the Apple
• 1:19:49
  Speaker 2: intelligence that they're touting will be added to Safari. But yeah,
• 1:19:55
  Speaker 2: I mean, look, AI is going to dominate search. It's
• 1:20:00
  Speaker 2: built for that. It's going to be part of your browser.
• 1:20:03
  Speaker 2: It's going to be part of your experience interacting with
• 1:20:07
  Speaker 2: the knowledge that's out there. Thank you, Jeremy Roland. Ah,
• 1:20:13
  Speaker 2: Now I get Trump's genius five D chess strategy. He's
• 1:20:16
  Speaker 2: trying to cause an economic disaster in to stimulate the economy.
• 1:20:20
  Speaker 1: Oh that's good.
• 1:20:22
  Speaker 2: I like that, Roland.
• 1:20:23
  Speaker 1: I hadn't thought of that.
• 1:20:24
  Speaker 2: But yeah, maybe maybe is one big broken window. He's
• 1:20:31
  Speaker 2: trying to make the US one big broken window. That
• 1:20:34
  Speaker 2: is quite possible. Paul, thank you for the sticker. Let's
• 1:20:38
  Speaker 2: see who else did amid business Blend? Thank you for
• 1:20:41
  Speaker 2: the sticker. And Mary Elaine. I think I got Mary
• 1:20:45
  Speaker 2: Elaine before.
• 1:20:45
  Speaker 1: Yeah, all right, Michael invests.
• 1:20:50
  Speaker 2: Interesting you mentioned muscle mass and longevity in preventing deadly
• 1:20:54
  Speaker 2: falls when you're older. I recently found out Dennis Praga
• 1:20:58
  Speaker 2: is now a paraplege from a fall in his house.
• 1:21:01
  Speaker 1: Yeah, I mean it doesn't you know.
• 1:21:03
  Speaker 2: I didn't know that about Dennis, and that's sad.
• 1:21:06
  Speaker 1: But look, falling is one of.
• 1:21:11
  Speaker 2: The things that cause the most health problems among elder
• 1:21:15
  Speaker 2: elder elderly people. You know. It's not just the big
• 1:21:21
  Speaker 2: muscles that you lose, but you lose a lot of
• 1:21:23
  Speaker 2: the muscles you need for balancing. And that's why a
• 1:21:26
  Speaker 2: lot of physical therapists and a lot of exercise people
• 1:21:30
  Speaker 2: they do a lot of balance work with older adults.
• 1:21:35
  Speaker 2: But you should really be starting in your forties to
• 1:21:38
  Speaker 2: enhance the small muscles they're responsible for balancing. And then
• 1:21:42
  Speaker 2: there is strength. If you trip, Your ability to recover
• 1:21:47
  Speaker 2: and stand depends on a variety of different muscles. Depends
• 1:21:51
  Speaker 2: on your coat, on your glutes, on your leg muscles
• 1:21:55
  Speaker 2: and their ability to recover from a trip or something
• 1:21:59
  Speaker 2: like that, you know. And then of course, your bones
• 1:22:03
  Speaker 2: are more fragile when you're older. So if you fall
• 1:22:07
  Speaker 2: a fall that a baby would take and just get
• 1:22:09
  Speaker 2: up and walk away, you're not gonna be able to
• 1:22:12
  Speaker 2: get up. You're probably going to break a bone. And
• 1:22:16
  Speaker 2: now bones are actually strengthened by weight training. There the
• 1:22:23
  Speaker 2: more weights you lift, the more weight you carry around
• 1:22:28
  Speaker 2: with you, the stronger your bones will be. And of
• 1:22:32
  Speaker 2: course if you have strong muscles, then the muscles absorb
• 1:22:38
  Speaker 2: some of the you know, a shock of what happens,
• 1:22:42
  Speaker 2: rather than the bone absorbing it all and breaking. So,
• 1:22:47
  Speaker 2: you know, as you get older, one of the most
• 1:22:50
  Speaker 2: important things to do is to focus on strength. Balance,
• 1:22:58
  Speaker 2: you know, so you know, and a lot of strength stuff.
• 1:23:01
  Speaker 2: Not in terms of how much can I bench press?
• 1:23:04
  Speaker 2: I mean, who cares. It's you know, your ability to
• 1:23:08
  Speaker 2: use your core and your muscles to move things. Uh,
• 1:23:11
  Speaker 2: you know, they do things like farmer walks. Right, you
• 1:23:14
  Speaker 2: put a heavy weight in each arm and walk, just walk,
• 1:23:18
  Speaker 2: maybe even walk upstairs, and this will strength that all
• 1:23:21
  Speaker 2: the muscles that you will need one day to be
• 1:23:24
  Speaker 2: able to carry groceries up a couple of flights of stairs,
• 1:23:28
  Speaker 2: or carry a grandchild in your arms and and and
• 1:23:32
  Speaker 2: and up the stairs or anything like that. So a
• 1:23:36
  Speaker 2: lot of this is core and and and legs and
• 1:23:40
  Speaker 2: the smaller muscles that are stabilizing you.
• 1:23:43
  Speaker 1: So there's a there's a whole bunch.
• 1:23:44
  Speaker 2: Of of exercises that are you know, just focused on that,
• 1:23:49
  Speaker 2: on on on the muscles that you're going to need
• 1:23:52
  Speaker 2: in your day to day.
• 1:23:53
  Speaker 1: Now.
• 1:23:53
  Speaker 2: You know, having a good up upper body strength is
• 1:23:56
  Speaker 2: important to you, but you've got to have the whole back.
• 1:24:01
  Speaker 2: You've got to have the cohole package some of its
• 1:24:03
  Speaker 2: compound exercises, but doesn't have to be it. It just
• 1:24:06
  Speaker 2: means that you're you're doing a combination of things. And again,
• 1:24:11
  Speaker 2: hire a physical therapist, hire a trainer, and do it.
• 1:24:14
  Speaker 2: And everybody should start. Everybody should be starting. I'm really
• 1:24:18
  Speaker 2: bought into this repdata. Everybody should be starting on weight
• 1:24:21
  Speaker 2: training in their thirties. And then you should be doing
• 1:24:26
  Speaker 2: some form of high intensity interval training on a bicycle
• 1:24:32
  Speaker 2: or on a on a treadmill or something like that
• 1:24:35
  Speaker 2: to increase your view tu max, to increase your.
• 1:24:38
  Speaker 1: Your lung capacity.
• 1:24:39
  Speaker 2: And if you start in your thirties and you make
• 1:24:41
  Speaker 2: it a habit and you do it, it won't necessarily
• 1:24:45
  Speaker 2: make you live longer, but it certainly will make you
• 1:24:49
  Speaker 2: live better in those final years.
• 1:24:51
  Speaker 1: So I think it's it's.
• 1:24:54
  Speaker 2: Worthwhile investing in your thirties and forties and fifties and sixties,
• 1:25:00
  Speaker 2: investing the time to make your seventies and eighties, much more,
• 1:25:04
  Speaker 2: much better, much more pleasant, disease free and pain free
• 1:25:10
  Speaker 2: and so on. So I wish I had done it.
• 1:25:13
  Speaker 2: I wish I'd started working out on a regular basis.
• 1:25:16
  Speaker 2: I've always done something and always dabbled, but I wish
• 1:25:19
  Speaker 2: I'd done it on a more regular basis. I wish
• 1:25:22
  Speaker 2: i'd start in my thirties. It would be a lot
• 1:25:24
  Speaker 2: easier to do today, and and that'd be in much
• 1:25:29
  Speaker 2: better shape. All right, anyway, So yes, huge and falls,
• 1:25:34
  Speaker 2: big deal, I mean, and I did a host so
• 1:25:37
  Speaker 2: on PTA's book. Highly encourage reading Pata and subscribing to
• 1:25:41
  Speaker 2: his YouTube channel.
• 1:25:43
  Speaker 1: He's very, very informative and.
• 1:25:44
  Speaker 2: Not not a religionists, not a religionist when it comes
• 1:25:49
  Speaker 2: to diet and it comes to any particular you know thing.
• 1:25:54
  Speaker 1: He's he's really makes a real effort, real effort to
• 1:26:03
  Speaker 1: be objective.
• 1:26:10
  Speaker 2: So yeah, go out there, lift weights, and all kinds
• 1:26:15
  Speaker 2: of weights, and all kinds of programs and all kinds
• 1:26:17
  Speaker 2: of machines, all kinds of ways to do it. But
• 1:26:20
  Speaker 2: the heavier heavy weights, lift heavy weights, particularly when you're young,
• 1:26:24
  Speaker 2: lift very heavy weights, and.
• 1:26:28
  Speaker 1: Uh, you know, and and and you know, the everybody
• 1:26:34
  Speaker 1: recommends this.
• 1:26:34
  Speaker 2: I mean, you shold the problem, need problems, all of that,
• 1:26:38
  Speaker 2: All of that is solved by building up the muscles
• 1:26:40
  Speaker 2: around them.
• 1:26:41
  Speaker 1: Uh.
• 1:26:42
  Speaker 2: You, your tensons are going to function better if if,
• 1:26:45
  Speaker 2: if you're strong. It's the lack of exercise that usually
• 1:26:49
  Speaker 2: results in, uh, these kind of problems. I need problems
• 1:26:53
  Speaker 2: for a long time, really knee pain.
• 1:26:55
  Speaker 1: And the more I the more I do, the more.
• 1:26:58
  Speaker 2: I strengthen my leg muscles, the less I feel my knees.
• 1:27:01
  Speaker 2: I had back problems for decades, and now that I'm
• 1:27:05
  Speaker 2: exercising on a much more regular basis and lifting heavy
• 1:27:08
  Speaker 2: weights and strengthening my core dramatically, my back is the
• 1:27:13
  Speaker 2: best it's been in decades, in decades, So yeah, go
• 1:27:26
  Speaker 2: go exercise, Michael Will this be known as the era
• 1:27:32
  Speaker 2: of the troll. We have a president with the maturity
• 1:27:35
  Speaker 2: of a nihilist twelve year old in the White House.
• 1:27:38
  Speaker 2: As if Nick Fouantis is pulling the strings of the culture. Yeah,
• 1:27:42
  Speaker 2: I mean, I do think trolling is a big part
• 1:27:44
  Speaker 2: of the culture in which we live. A president trolls
• 1:27:47
  Speaker 2: people all the time. You should have seen the AI
• 1:27:49
  Speaker 2: videos you put out over the weekend. You know, Michael
• 1:27:53
  Speaker 2: Malice and a lot of a lot of the people
• 1:27:56
  Speaker 2: who have large followings online got those law following online
• 1:28:01
  Speaker 2: because the good at trolling and trolling is is a
• 1:28:05
  Speaker 2: big part of the culture in which we live, and
• 1:28:07
  Speaker 2: I think trolling is made for social media. So a
• 1:28:12
  Speaker 2: culture that is dominated by social media is also going
• 1:28:15
  Speaker 2: to have a lot of trolling. All right, Michael says,
• 1:28:23
  Speaker 2: what will be a soft dictator What will a soft
• 1:28:26
  Speaker 2: dictator ship look like? Well, I mean, look at Hungry,
• 1:28:29
  Speaker 2: look at Aubon, look at Russia. Ultimately, right, look at
• 1:28:33
  Speaker 2: the evolution of Russia. Now it's a it's more of
• 1:28:37
  Speaker 2: a hard dictatorship, but Putsin hardened it over time.
• 1:28:41
  Speaker 1: But a soft dictatorship basically.
• 1:28:45
  Speaker 2: Doesn't bother you in most of your day to day activity, uh,
• 1:28:50
  Speaker 2: you know, even free speech for the most part you
• 1:28:52
  Speaker 2: have as an individual. But the media is completely controlled.
• 1:28:57
  Speaker 2: The media is uh is run by the government in
• 1:29:02
  Speaker 2: one way or another. So the news that you're getting
• 1:29:05
  Speaker 2: is basically dominated by the messaging the government wants you
• 1:29:09
  Speaker 2: to get.
• 1:29:11
  Speaker 1: A lot of the a lot of the u.
• 1:29:16
  Speaker 2: The leading businessmen of Crony's so oligogs, the cronies, they're
• 1:29:21
  Speaker 2: in bed with the government. It's very difficult to make
• 1:29:24
  Speaker 2: a fortune without getting in bed with the government.
• 1:29:28
  Speaker 1: So entrepreneurship is down.
• 1:29:29
  Speaker 2: Particularly big business entrepreneurship, you know, like Open AI going
• 1:29:33
  Speaker 2: from nothing to five hundred billion. That's way down. But
• 1:29:38
  Speaker 2: a lot of people's day to day lives are not
• 1:29:41
  Speaker 2: that affected. Maybe they and maybe there's less crime, and
• 1:29:43
  Speaker 2: maybe it's a little quieter and and some people like it. Right,
• 1:29:48
  Speaker 2: they can't they can't fully express their abilities and they
• 1:29:51
  Speaker 2: and they they can't fully express uh, they can't fully
• 1:29:59
  Speaker 2: manifest abilities. They can't live a full life. But it
• 1:30:05
  Speaker 2: doesn't completely diminish the capacity to to uh to live.
• 1:30:10
  Speaker 2: And that's why you know, they tolerated like Russians tolerated.
• 1:30:14
  Speaker 2: Putin Americans, it would be harder because Americans are used to,
• 1:30:18
  Speaker 2: you know, uh being free and having a complete free
• 1:30:22
  Speaker 2: speech and all of that.
• 1:30:23
  Speaker 1: But this is what Trump is doing, and this is
• 1:30:26
  Speaker 1: what will happen.
• 1:30:27
  Speaker 2: It's slowly, slowly, you know, uh, you know, they condition us,
• 1:30:35
  Speaker 2: they condition us. So you know, look at look at
• 1:30:41
  Speaker 2: Russia over the last ten years, and look at look
• 1:30:44
  Speaker 2: at hungry Michael. Is the deregulation Trump's doing creating more
• 1:30:48
  Speaker 2: good in the economy than his talents are undermining the
• 1:30:51
  Speaker 2: economy how to tell? The economy is still growing, so
• 1:30:58
  Speaker 2: maybe the argument is yes, but the economy is going
• 1:31:00
  Speaker 2: before Trump.
• 1:31:00
  Speaker 1: So I don't know. I don't know how you would
• 1:31:04
  Speaker 1: even calculate that.
• 1:31:07
  Speaker 2: Jacob Any thought on HBO's The Gilded Age recently started
• 1:31:11
  Speaker 2: watching it. I think it's mixed in its sense of life,
• 1:31:14
  Speaker 2: but also shows a lot of the appreciation businessmen, even
• 1:31:18
  Speaker 2: if it tries not to. Yeah, I mean, it's certainly mixed.
• 1:31:22
  Speaker 2: It certainly mixed. It certainly does have respect for some
• 1:31:24
  Speaker 2: of these businessmen. It also undermines that by showing a
• 1:31:28
  Speaker 2: sleazy a side to almost all of them, even even
• 1:31:31
  Speaker 2: the ones that it is most sympathetic towards. And you know,
• 1:31:36
  Speaker 2: the wife of the businessman is a complete secondhander who
• 1:31:39
  Speaker 2: just wants social mobility at the cost and anything else,
• 1:31:42
  Speaker 2: including the happiness.
• 1:31:43
  Speaker 1: Of her daughter.
• 1:31:45
  Speaker 2: I mean, I like watching the show because I think
• 1:31:47
  Speaker 2: it's interesting and the characters are well developed. But it's
• 1:31:50
  Speaker 2: not a positive portrayal of the Gilded Age, and of
• 1:31:54
  Speaker 2: course the Gilded Age was not uniformly and equivocally positive.
• 1:32:00
  Speaker 2: Secondhanded behavior did exist there some of the business and
• 1:32:03
  Speaker 2: way indeed mixed. Uh, And it's it's so it's it's
• 1:32:07
  Speaker 2: in that sense, it's very naturalistic. Uh.
• 1:32:10
  Speaker 1: It is not a romantic show.
• 1:32:12
  Speaker 2: It's it's not presenting how things could be, and it's
• 1:32:15
  Speaker 2: not presenting the best. It's not presenting the best.
• 1:32:21
  Speaker 1: So I enjoy it.
• 1:32:24
  Speaker 2: I like watching it, but it's mixed. It's definitely mixed ideologically,
• 1:32:31
  Speaker 2: all right. Uh, Michael, how can it be that altruism
• 1:32:35
  Speaker 2: has gotten more popular since the publication about Atlas Shrugg. Well,
• 1:32:39
  Speaker 2: I don't know that altruism has gotten more popular. There's
• 1:32:42
  Speaker 2: no way to say that, and and and don't forget
• 1:32:44
  Speaker 2: that Altruism. It's not a question of autuism becoming more popular. Altruism,
• 1:32:49
  Speaker 2: for the last two thousand years is the only moral
• 1:32:53
  Speaker 2: code that's been taught, the only one. So I don't
• 1:32:57
  Speaker 2: think altruism is more popular today. What you're seeing is
• 1:33:03
  Speaker 2: the implications of altruism and less of an influence of
• 1:33:06
  Speaker 2: the Enlightenment have made altruism more I don't know, more
• 1:33:17
  Speaker 2: in in the public sphere and the political sphere than
• 1:33:21
  Speaker 2: ever before. But I don't think it's more popular. I
• 1:33:23
  Speaker 2: think it's it's always been super popular because it's the
• 1:33:28
  Speaker 2: It really is the only moral code that anybody has
• 1:33:31
  Speaker 2: ever been taught. Michael Trump is dominimo. He can only
• 1:33:39
  Speaker 2: do so much. The people around him are smart anymore
• 1:33:42
  Speaker 2: A dangerous combination. Yes, I've always told you people like JD.
• 1:33:45
  Speaker 2: Van's are much more dangerous than Trump because they're smart.
• 1:33:51
  Speaker 2: Business Bland. How you on, Great Senior in Scottsdale the
• 1:33:54
  Speaker 2: other month? I got an up ed in the heill recently.
• 1:33:58
  Speaker 2: Love your thoughts. Washington created the doctor shortage. That's how
• 1:34:02
  Speaker 2: to end it and how to end it. He does
• 1:34:04
  Speaker 2: how to end it by Matthew Blakeley. Great, I mean,
• 1:34:07
  Speaker 2: and absolutely right they did. Washington did create the doctor shortage.
• 1:34:11
  Speaker 2: So congratulations on the op ed. I'll check it out, Gail.
• 1:34:16
  Speaker 2: How is it Trump isn't bothered by dictators killing their
• 1:34:20
  Speaker 2: own people? Why should he be? I mean, he doesn't care.
• 1:34:26
  Speaker 2: I mean his response to Putin killing journalists when he
• 1:34:31
  Speaker 2: was confronted with this fact. You know, in twenty sixteen,
• 1:34:35
  Speaker 2: he said, everybody kills I mean, we kill a people too.
• 1:34:38
  Speaker 2: Ebie Gumman does that. He thinks that's what power means.
• 1:34:42
  Speaker 2: And look right now he's killing people in the Caribbean Sea.
• 1:34:46
  Speaker 2: Venezuelan's Colombians Ecuadorians. He's killing them, no due process, nothing,
• 1:34:51
  Speaker 2: just shooting them out of the sky and blowing them
• 1:34:53
  Speaker 2: up their ships.
• 1:34:54
  Speaker 1: It's seriously unbelievable.
• 1:34:59
  Speaker 2: Unbelievable that America is now just killing people in the
• 1:35:04
  Speaker 2: high seas with no accountability. So why should it be
• 1:35:08
  Speaker 2: bothered by dictators doing it? Load Dose says, you changed
• 1:35:16
  Speaker 2: my life. Love you, Thank you. Load Dose really appreciate that.
• 1:35:19
  Speaker 2: It's great to know having had an impact on some
• 1:35:23
  Speaker 2: of your guys' life. Adam Given two thousand and eight
• 1:35:27
  Speaker 2: and more recently tried Color's bankruptcy.
• 1:35:30
  Speaker 1: Why are these rating agencies so.
• 1:35:32
  Speaker 2: Terrible at their job? I mean they were terrible The
• 1:35:36
  Speaker 2: job wa before two thousand and eight. I mean Orange
• 1:35:38
  Speaker 2: County in California went bankrupt in I think it was
• 1:35:42
  Speaker 2: nineteen ninety four, and what a few weeks before bankruptcy
• 1:35:47
  Speaker 2: they still had a triple A rating. Look, rating credit
• 1:35:52
  Speaker 2: is hard. It's a hard job, and you need the
• 1:35:57
  Speaker 2: market to discipline you. So if you get it wrong
• 1:36:02
  Speaker 2: more than once, you used to go bankrupt and new
• 1:36:06
  Speaker 2: players enter the field with better tools, better capabilities, who
• 1:36:09
  Speaker 2: do a better job.
• 1:36:11
  Speaker 1: So in order to make sure that the credit agencies
• 1:36:15
  Speaker 1: do a good job.
• 1:36:15
  Speaker 2: They need to face real competition, and they need to
• 1:36:18
  Speaker 2: be what shroompted a called creative destruction. You need to
• 1:36:21
  Speaker 2: be able to bring in new tools and and and
• 1:36:24
  Speaker 2: replace existing in the incumbents and and have a dynamic industry.
• 1:36:28
  Speaker 2: And that doesn't exist in the credit rating agencies. I
• 1:36:31
  Speaker 2: mentioned this the other day. They are the credit agencies
• 1:36:35
  Speaker 2: are approved by the SEC. They get they get approved
• 1:36:40
  Speaker 2: by it from the SEC, and they get approved by
• 1:36:47
  Speaker 2: the SEC. And there's sudden institutional investors that have to
• 1:36:53
  Speaker 2: use the credit agencies. They have to use the ratings
• 1:36:58
  Speaker 2: the credit agencies produce only. So you basically created an
• 1:37:03
  Speaker 2: insular industry with a few players don't face competition and
• 1:37:08
  Speaker 2: it's all of us out the regulations. So the more
• 1:37:11
  Speaker 2: regulated in industry is, the more protected it is from
• 1:37:13
  Speaker 2: competition by the regulators, the more incompetent it becomes. And
• 1:37:17
  Speaker 2: that's why you've got incompetent eng agencies. It's very simple.
• 1:37:21
  Speaker 2: It's not capitalism, it's not markets. It's the antithesis of both.
• 1:37:28
  Speaker 2: All Right, thank you everybody. I appreciate it. Thanks thanks
• 1:37:34
  Speaker 2: for joining me. Thanks to all the super chatters and
• 1:37:36
  Speaker 2: the stickers. I will see you all maybe tomorrow. It
• 1:37:41
  Speaker 2: really depends on my travel. If not, we're probably looking
• 1:37:45
  Speaker 2: at Saturday. Saturday from London, all right, by everybody. Hopefully
• 1:37:53
  Speaker 2: I'll see some of you as I travel around, so
• 1:37:56
  Speaker 2: that would be great.
• 1:37:58
  Speaker 1: Bye guys,