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Commenting on Dr. Mike Israetel -- Capitalism, Pharma, Drugs & FDA | Yaron Brook Show · Yaron Brook Show

• 0:02
  Speaker 1: A lot of the fundamental principals of Edos and an
• 0:10
  Speaker 1: individual lots. This is the oh right, everybody welcome daven
• 0:21
  Speaker 1: book show on this Saturday, July eleventh. I think this
• 0:26
  Speaker 1: should be known as football Day. I mean, uh, this
• 0:31
  Speaker 1: is the best day I think in the World Cup
• 0:32
  Speaker 1: because you've got it's the only day with like two
• 0:37
  Speaker 1: really really really really high quality games and super exciting.
• 0:42
  Speaker 1: So I'm looking forward to that. We've got England Norway
• 0:46
  Speaker 1: and I'm not gonna say anything about that game because
• 0:48
  Speaker 1: I don't want to offend Oven. And then we have
• 0:54
  Speaker 1: then we have Argentina Switzerland, which shouldn't be that interesting
• 0:59
  Speaker 1: of a game because Tina's are much better team. But
• 1:01
  Speaker 1: Argentina has made the previous games with much weak at
• 1:06
  Speaker 1: teams like really really interesting games because they haven't won
• 1:10
  Speaker 1: them outright quickly. They've made them suspenseful and therefore they've
• 1:13
  Speaker 1: made them really really cool and interesting games. So I
• 1:17
  Speaker 1: expect on Gentina not to disappoint again, and this should
• 1:28
  Speaker 1: be a phenomenal day. So five o'clock pm East Coast time,
• 1:32
  Speaker 1: we've got no Way England or even I'm sure is
• 1:35
  Speaker 1: staying up until late to see that, and then, and
• 1:40
  Speaker 1: then I think Nikos probably has his alarm clock set
• 1:45
  Speaker 1: so as to catch the what is it a pm,
• 1:51
  Speaker 1: nine pm, nine pm? I think East Coast time, which
• 1:55
  Speaker 1: means in terms of Athens time, what's that hours forward?
• 2:01
  Speaker 1: So that's three am. But my guess is that that
• 2:07
  Speaker 1: that Nico says is a long clock set for three
• 2:09
  Speaker 1: am to catch Messy Orleena is already upset at me.
• 2:12
  Speaker 1: Oh god, you around. I hate football. It's so over
• 2:15
  Speaker 1: valued in comparison to all other sports. People get so
• 2:19
  Speaker 1: unreasonable tribal about football. Why it's insane? Oh, it's a
• 2:23
  Speaker 1: great sport, maybe partially because I played it when I
• 2:26
  Speaker 1: was young. I loved I loved football. I mean the
• 2:29
  Speaker 1: great virtue of foot. Here is the great virtue of football.
• 2:32
  Speaker 1: And what makes football a really a universal sport, a
• 2:38
  Speaker 1: sport that is played and and and loved everywhere around
• 2:44
  Speaker 1: the world. And that is all you need is a ball.
• 2:47
  Speaker 1: I mean, okay, so we used to play football in
• 2:52
  Speaker 1: soccer right in the street. All you need is a
• 2:56
  Speaker 1: is a ball, and the ball can be a variety
• 2:59
  Speaker 1: of different sizes. And then what you need is for rocks.
• 3:04
  Speaker 1: You put them out in the middle of the road.
• 3:05
  Speaker 1: And you set up two goals and you play football
• 3:10
  Speaker 1: and you play soccer and it you know, and it
• 3:14
  Speaker 1: was super dangerous. I now, as an adult look back
• 3:18
  Speaker 1: at it, I don't understand how my parents allowed us
• 3:21
  Speaker 1: to do it. But that was an era where parents
• 3:24
  Speaker 1: were not helicopter parents are not hovering over us, and
• 3:27
  Speaker 1: we played. But you can take any any piece of
• 3:30
  Speaker 1: ground anywhere. You don't need a special basket and a
• 3:33
  Speaker 1: special bouncy ball. You can play soccer with the tennis ball.
• 3:37
  Speaker 1: I mean we were we didn't have a lot of balls.
• 3:39
  Speaker 1: I mean we grew up where having a soccer ball
• 3:43
  Speaker 1: was a luxury. I mean it was it was something
• 3:46
  Speaker 1: the rich kids had. But we didn't know any rich kids.
• 3:49
  Speaker 1: So you know, not that we were poor. We were
• 3:53
  Speaker 1: say middle class, low middle class maybe, but in comparison
• 3:56
  Speaker 1: to life today, we were poor and having a soccer
• 4:00
  Speaker 1: ball was like nobody in the neighborhood. You know, one
• 4:03
  Speaker 1: kid in the neighborhood a socollball. So we will play
• 4:05
  Speaker 1: with tennis balls, we will play with I remember taking
• 4:10
  Speaker 1: paper and clumping it up, a bunch of paper, clumping
• 4:13
  Speaker 1: it up together, and then tying it up, and rubber
• 4:15
  Speaker 1: bands and kicking that around. Uh. And the beauty of
• 4:19
  Speaker 1: it is is you don't need a goal in a
• 4:22
  Speaker 1: sense of a nat and the whole thing. You just
• 4:23
  Speaker 1: need two rocks. Uh. And and anybody can play it,
• 4:27
  Speaker 1: particularly at that level, even if you're not that good,
• 4:32
  Speaker 1: you can you can play it. Uh. It is it's
• 4:37
  Speaker 1: just it's just a it's fun and and you can
• 4:40
  Speaker 1: see it. You can see that. You know, some of
• 4:43
  Speaker 1: the best Brazilian players have come out of the favelas,
• 4:45
  Speaker 1: and the best Argentinian players like Messi grew up good
• 4:49
  Speaker 1: poor and came out of very poor neighborhoods. They didn't
• 4:51
  Speaker 1: play on big soccer fields only only once it became good.
• 4:55
  Speaker 1: That they started out just kicking up all around in
• 4:59
  Speaker 1: on a good patch and setting up a goal again
• 5:02
  Speaker 1: with the rocks. I mean, that's the way we did.
• 5:04
  Speaker 1: Every time a call would come, we'd all collect the
• 5:07
  Speaker 1: ball and Russia and a big tragedy would be if
• 5:09
  Speaker 1: the if the call once in a while ran over
• 5:11
  Speaker 1: the ball and destroyed our ball, and that that was like,
• 5:14
  Speaker 1: that was like horrific. I mean, we're gonna get in
• 5:16
  Speaker 1: another soccer ball. So it was. It was unbelievably unbelievably
• 5:23
  Speaker 1: fun to play it, and and once you play it.
• 5:26
  Speaker 1: And then when I was older and it came to
• 5:28
  Speaker 1: the United States. Actually because in Israel, we played, I
• 5:31
  Speaker 1: mean the best. We played on a basketball field, on
• 5:34
  Speaker 1: a basketball field, you know, and you'd basically maybe have
• 5:38
  Speaker 1: a small goal and you'd play four and four, five
• 5:41
  Speaker 1: on five on a basketball But there were no soccer
• 5:43
  Speaker 1: fields in Israel. There was no space for soccer field.
• 5:46
  Speaker 1: Nobody played on a soccer field except the pros, who
• 5:49
  Speaker 1: are amateurs in those days. But so when I got
• 5:53
  Speaker 1: to the United States and suddenly my my primary school,
• 5:58
  Speaker 1: my eighth grade school, had a soccer field, I thought
• 6:01
  Speaker 1: that was the coolest thing in the world. I could
• 6:04
  Speaker 1: like run, there was space and I and it was
• 6:06
  Speaker 1: good compared to the American players. And it was good
• 6:09
  Speaker 1: because I had space to run and I was fast
• 6:11
  Speaker 1: and I was strong, so I could I could run
• 6:13
  Speaker 1: and knock people over. And uh, you know, I loved, loved,
• 6:19
  Speaker 1: love paying soccer on a real soccer field. For two
• 6:22
  Speaker 1: years in the United States. I played for my for
• 6:25
  Speaker 1: my eighth grade school in middle school team, I played
• 6:29
  Speaker 1: for a high school team, I played for a city team.
• 6:32
  Speaker 1: I played soccer you know, whenever I could, whatever team
• 6:35
  Speaker 1: I could play in I played. I played right wing
• 6:38
  Speaker 1: and I loved it and it was it was a
• 6:40
  Speaker 1: huge amount of fun. And now when when when you
• 6:43
  Speaker 1: know what the game entails, when you know what's involved
• 6:46
  Speaker 1: in it, and then you watch like yesterday Spain, uh Spain,
• 6:51
  Speaker 1: who they play Belgium, and you see somebody like Yamal
• 6:57
  Speaker 1: and you see the board control and you see, oh,
• 7:01
  Speaker 1: almost all of these players can just take a ball
• 7:03
  Speaker 1: out of the air and immediately control it, immediately have
• 7:06
  Speaker 1: it at their disposal, and then you know, use their
• 7:09
  Speaker 1: body in ways that fake people out, or dribble the
• 7:12
  Speaker 1: ball in a particular way, or make a pass that
• 7:16
  Speaker 1: is unbelievably accurate across the field, or I mean, it's
• 7:20
  Speaker 1: just stunning their ability. I mean, I just enjoy seeing
• 7:25
  Speaker 1: human competence and having played it, I know how hard
• 7:29
  Speaker 1: what they're doing is. I could you know, I was
• 7:32
  Speaker 1: never that good and I could never do even anything
• 7:34
  Speaker 1: close to that. But this guy, I mean, Yamal is
• 7:38
  Speaker 1: just you can see Yama of course, Messy is is
• 7:43
  Speaker 1: the all time greatest at this, at his ball control,
• 7:46
  Speaker 1: at what he can do and how he can use
• 7:48
  Speaker 1: that ball I can make the ball do what he wants,
• 7:51
  Speaker 1: which is really difficult. You're just using your feet. Try
• 7:54
  Speaker 1: doing anything with your feet like we're used to with
• 7:57
  Speaker 1: our hands, directing things and being very very accurate in
• 8:01
  Speaker 1: what we do in our hands. We can do very
• 8:03
  Speaker 1: precise movements with the hands. Try doing that with your feet.
• 8:07
  Speaker 1: So the achievement that is to play that game well
• 8:14
  Speaker 1: it is. It is stunning and an amazing and the
• 8:20
  Speaker 1: hard work that they have to go to to get
• 8:21
  Speaker 1: to that level, and the focus and the focus they
• 8:25
  Speaker 1: have to have during the game to be able to
• 8:28
  Speaker 1: control their ball. It's so easy to touch it just
• 8:30
  Speaker 1: a little bit off, and you can see that once
• 8:32
  Speaker 1: in a while somebody will take a cake and he
• 8:34
  Speaker 1: goes well way over there, and people say, oh, I mean,
• 8:36
  Speaker 1: how stupid is that? No, the reality is that getting
• 8:39
  Speaker 1: it right is really really hard. So most of the time,
• 8:42
  Speaker 1: you know, a lot of the time they're going to
• 8:44
  Speaker 1: get it wrong. So it and the good players like
• 8:48
  Speaker 1: MESSI get it more right, you know, at a much
• 8:53
  Speaker 1: higher probability than an average player. So but even there,
• 8:59
  Speaker 1: it's not necessarily most of the time. So it's just
• 9:02
  Speaker 1: I find it amazing to watch. I don't watch soccer
• 9:07
  Speaker 1: or sports regularly. I don't find it that interesting. I
• 9:11
  Speaker 1: watch it either when there's a team that I back,
• 9:14
  Speaker 1: and again there is a why do I back them?
• 9:19
  Speaker 1: For no good reason other than you know, I like
• 9:22
  Speaker 1: them when I was young and I like them now.
• 9:24
  Speaker 1: It's not it's not based on any kind of a
• 9:29
  Speaker 1: great factor reality. But I don't watch my teams when
• 9:32
  Speaker 1: they're losing. I'm not interested only when they're good. I'm
• 9:36
  Speaker 1: definitely a fair weather fan. I watched the World Cup,
• 9:40
  Speaker 1: and I watch the Olympics, and I watched the Olympics,
• 9:43
  Speaker 1: the World Cup, I watched some Winter Olympics, and I
• 9:46
  Speaker 1: watch some basketball when the Celtics are playing. And that's
• 9:51
  Speaker 1: about it. I used to watch some football. I don't
• 9:53
  Speaker 1: like football anymore. It's too violent and the whole concussion
• 9:57
  Speaker 1: thing and the damage that people get from football is
• 10:01
  Speaker 1: too much for me to think about enjoying a play
• 10:04
  Speaker 1: when I know, whoops, there goes five years of his
• 10:06
  Speaker 1: life because he hit he hit his head on the ground.
• 10:10
  Speaker 1: And I used to watch baseball. I used to watch
• 10:13
  Speaker 1: Red Sox baseball. I've just lost patience with baseball, lost
• 10:16
  Speaker 1: the interest in baseball. But I still admire the sports,
• 10:19
  Speaker 1: so anyway, it's it is really really, really really cool.
• 10:26
  Speaker 1: Plato says soccer has the most difficult leg exercises, included
• 10:30
  Speaker 1: Belgium split squats. Huh. I do Belgium suits split squats
• 10:36
  Speaker 1: at least once a week. They're hard, particularly if you're
• 10:40
  Speaker 1: holding a huge amount of weight in your hands as
• 10:43
  Speaker 1: you're doing the Belgium split squats. Doing that with body
• 10:46
  Speaker 1: weight is not that bad, but if you put weight on, god,
• 10:49
  Speaker 1: those are hard. Anyway, I enjoy it and it is
• 10:54
  Speaker 1: a value in my life, and it's fun. And as
• 10:57
  Speaker 1: long as it's not all consuming and it doesn't take
• 10:59
  Speaker 1: a year away from things that are super important more
• 11:02
  Speaker 1: important to you, then embrace it, enjoy it, revel in it.
• 11:07
  Speaker 1: And when you see somebody like Messi, who is the
• 11:10
  Speaker 1: greatest of all time in something like in this case soccer,
• 11:15
  Speaker 1: But when you see somebody like like I, you see
• 11:18
  Speaker 1: I don't know, Federal or whoever you think is the
• 11:21
  Speaker 1: greatest of all time in tennis, Jakovico or Nadal, if
• 11:27
  Speaker 1: you see one of those three playing, I just enjoy
• 11:30
  Speaker 1: standing back and saying wow, I played tennis when I
• 11:33
  Speaker 1: was a kid as well. And when I see them playing.
• 11:36
  Speaker 1: It's like, God, wow, that is so amazing, and it's
• 11:40
  Speaker 1: so amazing that human beings can do that. So I
• 11:43
  Speaker 1: I enjoy sports again in quantity. I could get into
• 11:48
  Speaker 1: watching tennis. It just it just is too much and
• 11:51
  Speaker 1: it's too time consuming. But it's a fabulous game. And
• 11:57
  Speaker 1: what else did I do When I was a kid?
• 11:58
  Speaker 1: I swam, so my three it was swimming, soccer, and tennis,
• 12:03
  Speaker 1: and it probably was best at swimming from a competitive perspective.
• 12:08
  Speaker 1: And I when Michael Phelps was swimming, I love and
• 12:11
  Speaker 1: I still watch. At the Olympics, I watched the swimming.
• 12:13
  Speaker 1: I don't watch swimming other than that it's kind of boring.
• 12:16
  Speaker 1: But in the Olympics it's fun because you can root
• 12:18
  Speaker 1: for somebody and you get to know you get to
• 12:21
  Speaker 1: know the swimmers, particularly when there's somebody like Michael Phelps
• 12:24
  Speaker 1: who's the best of all time. It is thing. It's
• 12:27
  Speaker 1: fun watching the best of all time is something that
• 12:29
  Speaker 1: you do. All right, enough about sports, although hopefully hopefully
• 12:34
  Speaker 1: there's some value to that. Rant thank you Ellen for
• 12:38
  Speaker 1: stimulating that. All right, let's see, so today we're gonna
• 12:44
  Speaker 1: do something a little bit different. Dave Dave Goodman asked
• 12:50
  Speaker 1: me to review some segments of a video of a bodybuilder.
• 12:57
  Speaker 1: A bodybuilder, but you know, Michael is is Rattel is Rattel.
• 13:03
  Speaker 1: It's kind of a unique bodybuilder in that he is, uh,
• 13:08
  Speaker 1: he's super smart. And I'm not saying, you know, but
• 13:12
  Speaker 1: he's extraordin really smart. I think he's funny, and he
• 13:17
  Speaker 1: is and twice to be quite philosophical. That is, he
• 13:20
  Speaker 1: takes on brought u cultural and uh and political issues.
• 13:27
  Speaker 1: He has two I think YouTube channels, one that deals
• 13:31
  Speaker 1: with weightlifting and fitness and nutrition and things like that,
• 13:34
  Speaker 1: and one that's more philosophical. He's also known to be
• 13:37
  Speaker 1: a fan of Iron Rand's and and once in a
• 13:39
  Speaker 1: while he will mention Iron Rand. So so that's why
• 13:43
  Speaker 1: I decided to do this. As you'll see, he's smart,
• 13:49
  Speaker 1: and he's shop. He's no objectivist, but he's smart and
• 13:52
  Speaker 1: sharp and and and very very articulate, very articulate. Uh,
• 13:59
  Speaker 1: And this is why I chose to do it. Now,
• 14:02
  Speaker 1: I don't know how long this will take. I've got
• 14:04
  Speaker 1: three segments. The first is pretty long, so we'll see.
• 14:07
  Speaker 1: And I don't know that I'll have something to comment
• 14:09
  Speaker 1: on every twenty seconds like I usually do, but we'll
• 14:12
  Speaker 1: see maybe it will. But again, a lot of the
• 14:16
  Speaker 1: show and how long it takes and what topics we
• 14:18
  Speaker 1: cover will be determined by you and the kind of
• 14:21
  Speaker 1: questions you ask and the way you want to take
• 14:23
  Speaker 1: the show. So please consider doing a super chat support
• 14:27
  Speaker 1: the show, but also ask questions that take the show
• 14:32
  Speaker 1: in the direction you about things that you want me
• 14:34
  Speaker 1: to talk about, and it could be some stuff that
• 14:37
  Speaker 1: comes out of my discussion of what Mike is Hotel says,
• 14:42
  Speaker 1: and it might be stuff that is unrelated. It unrelated.
• 14:48
  Speaker 1: Just don't ask me about no way, because I don't
• 14:50
  Speaker 1: want to upset or even I'm just giving him a
• 14:54
  Speaker 1: hard time. Now, all right, let me just tell you
• 14:56
  Speaker 1: who he is. Michael Isotel has a PhD. So he's
• 15:01
  Speaker 1: a doctor. I guess. He's the co founder and chief
• 15:04
  Speaker 1: content officer of our Peace Strength that's Renaissance periodic disation,
• 15:12
  Speaker 1: Renaissance Periodization something like that, and also the face of
• 15:16
  Speaker 1: our popular Renaissance Periodization YouTube channel. He has a doctorate
• 15:21
  Speaker 1: in sport physiology from Eastern Tennessee State University. He's a
• 15:26
  Speaker 1: seasoned expert in the field of fitness and performance. He's
• 15:28
  Speaker 1: also served as a professor at Lehman College, Temple University,
• 15:31
  Speaker 1: and the University of Central Missouri. We taught a variety
• 15:34
  Speaker 1: of exercise science courses focusing on nutrition, strength, and hypotrophy.
• 15:39
  Speaker 1: And you know, he's done a bunch of other stuff
• 15:43
  Speaker 1: in the Olympic Training Center, both in Johnson City and
• 15:47
  Speaker 1: in Lake Placid. He is not only a bodybuilder, but
• 15:50
  Speaker 1: he's also he does, like almost everybody out there, seems
• 15:55
  Speaker 1: to be a jiu jitsu grappler. I don't know what
• 15:59
  Speaker 1: a Brazilian j you too grappler is versus just Brazilian
• 16:02
  Speaker 1: jiu jypsu regular stuff. But uh, anyway, it's uh it
• 16:09
  Speaker 1: is it is uh interesting again. Uh, you know, I
• 16:15
  Speaker 1: haven't seen a lot of him, but what I've seen
• 16:19
  Speaker 1: he's articulate and and and and smart and funny and
• 16:23
  Speaker 1: but again I haven't seen I haven't seen a lots
• 16:25
  Speaker 1: of no expert on Michael Israel and Uh. Dave asked
• 16:29
  Speaker 1: me to do this, and I figured why not, given
• 16:32
  Speaker 1: given that he's articulate and interesting and he as you
• 16:37
  Speaker 1: will see, he's trying to defend capitalism and his failures
• 16:42
  Speaker 1: I think interesting. So uh and and by the way,
• 16:47
  Speaker 1: this is no, what I'm gonna have. My criticism of
• 16:49
  Speaker 1: his is not a broad criticism. It's a criticism within
• 16:53
  Speaker 1: the context of what he says here, and it's within
• 16:56
  Speaker 1: the context of he's he's not into the professional intellectual,
• 17:00
  Speaker 1: although he does professionally comment on issues out there. This
• 17:06
  Speaker 1: is part of an interview he did with doctor Mike.
• 17:09
  Speaker 1: I don't know who doctor Mike is, but it's a
• 17:11
  Speaker 1: lengthy podcast. The total podcast time of this particular interview
• 17:16
  Speaker 1: I think was like three and a half hours. So
• 17:19
  Speaker 1: I'm just picking segments out of this, but a lot
• 17:24
  Speaker 1: a lot of it. You know. I see you guys
• 17:28
  Speaker 1: out there critiquing him. That's fine. I mean, I'm sure
• 17:31
  Speaker 1: he does stuff that you don't like that I probably
• 17:34
  Speaker 1: wouldn't like. He's known to be politically incorrect, and he
• 17:38
  Speaker 1: probably says things that I would find offensive. Fine, This
• 17:42
  Speaker 1: is not a advertising or commercial for him. It's an
• 17:46
  Speaker 1: opportunity to discuss ideas that he or that raised in
• 17:53
  Speaker 1: this conversation. And he's got some interesting things to say
• 17:57
  Speaker 1: about drug development, about FDA, and about the profit motive,
• 18:01
  Speaker 1: and that's that's the thing I want to focus on.
• 18:05
  Speaker 1: So it's fine. In the chat you want to criticize
• 18:09
  Speaker 1: him for all kinds of ridiculous things, stupid things, emol
• 18:12
  Speaker 1: things that he said on a show. But uh, it's
• 18:16
  Speaker 1: not my focus. This is not an evaluation of Mike Israel.
• 18:21
  Speaker 1: It is uh, it is a you know, an opportunity
• 18:26
  Speaker 1: to take a perspective that he has. I think he's
• 18:28
  Speaker 1: common out there in the world. Uh, and analyze it,
• 18:33
  Speaker 1: all right, And and again, as I said, for better
• 18:37
  Speaker 1: or for worse, he has he has mentioned his h
• 18:41
  Speaker 1: he's at least red ironran uh and and mention some
• 18:45
  Speaker 1: liking him. All right, let's get started. Let's get started.
• 18:48
  Speaker 1: See how far we are. All right here, this is
• 18:52
  Speaker 1: kind of a discussion of pharmaceutical companies. And you know,
• 18:56
  Speaker 1: doctor Mike is pretty conventional, middle of the road, suspicious
• 19:03
  Speaker 1: of the profit motive, even though he's a doctor. He's
• 19:07
  Speaker 1: a medical doctor, suspicious of pharmaceuticial companies, you know, a
• 19:13
  Speaker 1: big fan of the FDA. And is it he pushes
• 19:17
  Speaker 1: back on this, And what I want to see is
• 19:21
  Speaker 1: how he pushes back and what is missing from his pushback,
• 19:25
  Speaker 1: because a lot of it is very good, But what
• 19:29
  Speaker 1: is what is actually missing from what he says, which.
• 19:33
  Speaker 2: After all, just offer at all of that stuff.
• 19:36
  Speaker 1: And also whoops, So that that.
• 19:38
  Speaker 2: Does that's a whole other thing of like profits versus people.
• 19:40
  Speaker 2: It's not a versus like. The profit motive isn't says,
• 19:43
  Speaker 2: the most powerful way to organize society to do good
• 19:46
  Speaker 2: ever tested.
• 19:48
  Speaker 1: So I mean this is great. So it's not profit
• 19:51
  Speaker 1: old people, he says. He says, the profit motive is
• 19:54
  Speaker 1: the best way to organize society to do good ever tested.
• 19:59
  Speaker 1: And of course if you think about that, what is
• 20:02
  Speaker 1: really underlying? Now what does that mean? I mean is
• 20:05
  Speaker 1: that freedom? I mean nobody organizes a society around the
• 20:08
  Speaker 1: profit motive. Nobody says, okay, people, profit motive, that's what
• 20:13
  Speaker 1: I want you to do. I mean, I don't think
• 20:15
  Speaker 1: the founding fathers ever thought in those terms. I don't
• 20:19
  Speaker 1: think almost anybody thought in those terms, except for Adam Smith.
• 20:21
  Speaker 1: And we'll see what Adam Smith meant by it. And
• 20:27
  Speaker 1: so the profit motive, So it's not about organizing society.
• 20:31
  Speaker 1: This is already a remnant of collectivism, a buy into collectivism.
• 20:37
  Speaker 1: But it is true that if you want to be successful,
• 20:39
  Speaker 1: if you want to society qua individuals within society to
• 20:46
  Speaker 1: be successful, then pursuing the profit motive is, you know,
• 20:51
  Speaker 1: the best way. But it's not that you organize society
• 20:53
  Speaker 1: in that way. I mean, in a sense you do.
• 20:55
  Speaker 1: You create property rights, you protect property rights, but that's
• 20:58
  Speaker 1: not in the name of the proper movie motive, like
• 21:03
  Speaker 1: none of the idea of the right to life, libody
• 21:06
  Speaker 1: in pursuit of happiness. That's the foundation of capitalism, and
• 21:09
  Speaker 1: that's what is Hotel unfortunately doesn't talk about rights. But
• 21:14
  Speaker 1: it is true. So the profit motive achieves results if
• 21:19
  Speaker 1: by what you mean by results is progress. By the way,
• 21:23
  Speaker 1: the one other YouTube channel that is Hotel has is
• 21:29
  Speaker 1: just his name Mike is Hotel and this one says
• 21:32
  Speaker 1: doctor Mike chats about all things progress, especially technology, futurism, morality, meaning,
• 21:38
  Speaker 1: and personal growth. So he's commenting on this stuff morality
• 21:43
  Speaker 1: and personal growth, so it is that is interesting. Okay,
• 21:50
  Speaker 1: So he's getting into the profit motive, and I want
• 21:53
  Speaker 1: you to think about where are some of the where
• 21:57
  Speaker 1: are some of the collectivistic premises? Where are some of
• 22:00
  Speaker 1: the where are somebody? Where are some of the collectivistic premises?
• 22:05
  Speaker 1: Where are some of the what do you call it
• 22:09
  Speaker 1: conventional morality? Where's that? Sneaking in to his general passionate
• 22:17
  Speaker 1: defense and articulate. I think defense of the profit motive,
• 22:21
  Speaker 1: but flawed.
• 22:24
  Speaker 2: The most powerful way to organize society to good ever tested?
• 22:27
  Speaker 2: Are their accesses for profits we should be concerned about? Absolutely?
• 22:30
  Speaker 1: Are the excessive profits we should be considered about? I mean,
• 22:34
  Speaker 1: I don't know what he means by that. I certainly
• 22:36
  Speaker 1: don't think absolutely. I think that's granting a conventional premise.
• 22:42
  Speaker 1: Who exactly is excess profiting? And if their excess profits
• 22:46
  Speaker 1: are done, you know, legally and morally and without committing fraud,
• 22:52
  Speaker 1: why is that a bad thing? Does Apple have excess profits?
• 22:54
  Speaker 1: Are sitting on trillions of dollars of money? You know?
• 22:58
  Speaker 2: How?
• 22:58
  Speaker 1: How is that? How is that a concern? And it's concerned?
• 23:05
  Speaker 1: Just something to think about. But again, there's a certain premise,
• 23:09
  Speaker 1: there's a collectivist premise behind this. Organize society. What's good
• 23:13
  Speaker 1: for society? What's a benefit to society of the profit motive?
• 23:17
  Speaker 1: And therefore, if somebody has got excess profits, what could
• 23:20
  Speaker 1: those profits be used by somebody else better? Those are
• 23:23
  Speaker 1: the kind of considerations that you fall into once you
• 23:27
  Speaker 1: accept kind of this collectivistic view of the profit motive
• 23:33
  Speaker 1: is good because it's of society versus the profit motive
• 23:37
  Speaker 1: is good because it's a consequence of freedom, because it's
• 23:40
  Speaker 1: a consequence of protecting rights.
• 23:47
  Speaker 2: Do we want to like shoot the goose that lays
• 23:49
  Speaker 2: the golden Are you crazy?
• 23:51
  Speaker 1: Yeah?
• 23:52
  Speaker 2: The goople versus profits? And everywhere they allow a lot
• 23:55
  Speaker 2: of profits unregulated, the people are doing much better. Last
• 23:58
  Speaker 2: I check, Sweden was way better than North Korea, and
• 24:00
  Speaker 2: North creat doesn't allow profits at all. In Sweden's like, yeah,
• 24:02
  Speaker 2: just pay your taxes and you're good to go. Just
• 24:03
  Speaker 2: make as much money as you like it.
• 24:06
  Speaker 1: Yeah, I mean, just pay your taxes is a big
• 24:09
  Speaker 1: caveat there because because make as much profit as you like,
• 24:12
  Speaker 1: accept the stuff we tax, right, and the more profits
• 24:15
  Speaker 1: you make, the higher the tax weight is. But yeah,
• 24:18
  Speaker 1: it's absolutely right, right, I mean, the profit motive is
• 24:22
  Speaker 1: an expression, a sign of a freedom of being left alone,
• 24:30
  Speaker 1: of the fact that the government is leaving you alone
• 24:36
  Speaker 1: to live your life, to pursue your business, to pursue
• 24:37
  Speaker 1: your values. And what people do when they do that
• 24:41
  Speaker 1: is if the rational semi rational is they pursue profits,
• 24:47
  Speaker 1: and given a decent legal system and protection of property rights,
• 24:52
  Speaker 1: they pursue it in ways that are beneficial to themselves,
• 24:56
  Speaker 1: beneficials themselves. Profit is to self and yeah, other people
• 25:00
  Speaker 1: benefit as well. But what happens when you in vote
• 25:03
  Speaker 1: that what happens when it becomes all about benefiting the
• 25:05
  Speaker 1: other It's all about benefiting quote, society, and the benefit
• 25:10
  Speaker 1: to yourself is sidelined. I think that is where we
• 25:15
  Speaker 1: get into trouble. That's at the end of the day.
• 25:18
  Speaker 1: The problem with Adam Smith is he won't He won't
• 25:23
  Speaker 1: defend self interest other than he won't defend the profit
• 25:28
  Speaker 1: motive in a sense either than it serves as social purpose.
• 25:32
  Speaker 1: Self interest itself in and of itself is not a
• 25:36
  Speaker 1: vote you. It's a vice in some sense. But when
• 25:38
  Speaker 1: you add up all the devices you get a vote you,
• 25:40
  Speaker 1: you get a benefit for society that is a very
• 25:43
  Speaker 1: weak defense that then is easy to attack, and people
• 25:48
  Speaker 1: have been attacking it forever as a consequence. All right,
• 25:53
  Speaker 1: lay's the golden egg? Are you crazy? Like?
• 25:56
  Speaker 2: It's people versus profits? Like man, everywhere they allow a
• 25:58
  Speaker 2: lot of profits. I'm ready later. The people are doing
• 26:01
  Speaker 2: much better. Last I checked, Sweden was way better than
• 26:03
  Speaker 2: North Korea. And North Korea doesn't allow profits at all,
• 26:05
  Speaker 2: and Sweden's like, yeah, just pay your taxes and you're
• 26:07
  Speaker 2: good to go.
• 26:07
  Speaker 1: It's make as much money as you like.
• 26:09
  Speaker 2: It's that whole thing there, that the skepticism of pharmaceutical
• 26:12
  Speaker 2: companies because they make a lot of money. It's like, like,
• 26:15
  Speaker 2: are we skeptical of like Dell computer for making a
• 26:18
  Speaker 2: lot of money making Dell computers? And so you don't
• 26:20
  Speaker 2: want to buy one because I don't know what's in
• 26:22
  Speaker 2: this laptop?
• 26:22
  Speaker 1: They share them. Yeah, I mean that's a great point.
• 26:26
  Speaker 1: By the way, that is a great point. So people,
• 26:28
  Speaker 1: I think this is a response to clip that the
• 26:29
  Speaker 1: guy showed. You know, we shouldn't trust the pharmaceutical companies
• 26:33
  Speaker 1: because they're in it for the profit motive. Who knows
• 26:35
  Speaker 1: what they put in those medications. You know, they might
• 26:39
  Speaker 1: be diluting them, they might be putting something that will
• 26:41
  Speaker 1: cause you to have side effects. Who knows. All they
• 26:43
  Speaker 1: want is profits. They don't care about people, They don't
• 26:45
  Speaker 1: care about you, the individual, They just care about profits.
• 26:49
  Speaker 1: Sou and here good for good for Mike that he
• 26:54
  Speaker 1: is defending pharmaceuticals saying no, I mean, do you not
• 26:57
  Speaker 1: trust Dell computers? Do you say, oh, Della is just
• 27:00
  Speaker 1: trying to make a profits are going to put shitty
• 27:02
  Speaker 1: components aside. No, I mean it's they're tested and you
• 27:06
  Speaker 1: can compare them to other computers, and there's plenty of
• 27:08
  Speaker 1: people kind of testing them out and checking out which
• 27:12
  Speaker 1: computers better and even taking them apart and seeing what
• 27:15
  Speaker 1: components in them. And the same thing is to do
• 27:17
  Speaker 1: with pharmaceuticals. They're constantly being tested, that constantly being examined.
• 27:21
  Speaker 1: Docsas prescribing these patients coming back with side effects are
• 27:26
  Speaker 1: not for side effects, results not results. People know what's happening.
• 27:30
  Speaker 1: This is not a massive mystery as to what's in
• 27:34
  Speaker 1: these drugs and what are they doing to us, just
• 27:38
  Speaker 1: because I mean the profit motive.
• 27:40
  Speaker 2: It makes a lot of money making these things. Like
• 27:42
  Speaker 2: what but it's a good laptop, Like right, well, shut up, maya.
• 27:46
  Speaker 3: There is this new push against success that has happened
• 27:50
  Speaker 3: on social media where if you create something and you
• 27:52
  Speaker 3: make money, it's like, why did you just give it
• 27:54
  Speaker 3: to society for free?
• 27:55
  Speaker 1: Yeah?
• 27:58
  Speaker 2: It's yes, very easy to refuse because the amount of
• 28:02
  Speaker 2: motivation that people have to do amazing things at their
• 28:05
  Speaker 2: own expense scales typically with the amount of reward that
• 28:09
  Speaker 2: they're going to receive.
• 28:10
  Speaker 1: So notice here this is something typical that the defenders
• 28:13
  Speaker 1: of capitalism do and defenders of freedom do, and they
• 28:16
  Speaker 1: go to the incentive structure. And it's true. I mean,
• 28:20
  Speaker 1: it's true as far as it goes. The fact is
• 28:23
  Speaker 1: that you know, capitalism freedom profit motive because it leaves
• 28:30
  Speaker 1: people free. People then get to be rewarded based on
• 28:35
  Speaker 1: how much they create, and the more they create, the
• 28:38
  Speaker 1: more values that they create, the more profit they get.
• 28:43
  Speaker 1: And that provides them with a huge incentive to work harder,
• 28:48
  Speaker 1: to think harder, to innovate more, to create values because
• 28:54
  Speaker 1: they're going to be rewarded for it. So there's the
• 28:56
  Speaker 1: recrelations between incentives and behavior. And it's true. I mean,
• 28:59
  Speaker 1: if you, as you'll say in a minute, if you
• 29:02
  Speaker 1: take all that money away from them, they won't work
• 29:04
  Speaker 1: as hard. What's missing from this, as we'll see, is
• 29:13
  Speaker 1: the idea that I created it as mind, the idea
• 29:18
  Speaker 1: that people have a right to their own life, and
• 29:21
  Speaker 1: by having a right to their own life, they have
• 29:23
  Speaker 1: a right a right to the rewards of their actions,
• 29:31
  Speaker 1: to the consequence of their actions, both downside and upside.
• 29:39
  Speaker 1: So you know, in his case, so he's using kind
• 29:44
  Speaker 1: of the conventional economist, non philosophical none self interested kind
• 29:52
  Speaker 1: of addvacy. So people people are motivated by money. If
• 29:56
  Speaker 1: you let them keep their money, that will call it.
• 29:57
  Speaker 1: They'll create more, they'll produce more, they'll make more. We
• 30:00
  Speaker 1: all benefit from the fact that they'll create more and
• 30:02
  Speaker 1: mat and look as far as it goes incentives to
• 30:06
  Speaker 1: some extent, do work, do work to some extent. I
• 30:09
  Speaker 1: Man gives the example though, of that in some countries
• 30:14
  Speaker 1: you can increase the incentive, like, for example, you can
• 30:16
  Speaker 1: tell people if you make more stuff, right, we'll pay
• 30:22
  Speaker 1: you by how much you make. And if you become
• 30:25
  Speaker 1: more productive and make more, you'll get more. And what
• 30:28
  Speaker 1: happens is some cultures is they just they make the
• 30:30
  Speaker 1: same out as they did before, just in a shorter
• 30:32
  Speaker 1: period of time, and then they walk away because they
• 30:35
  Speaker 1: don't want more. They have no ambition. So you have
• 30:38
  Speaker 1: to have a culture of ambition. You have to have
• 30:41
  Speaker 1: a culture of people wanting self improvement. It's not automatic.
• 30:46
  Speaker 1: In economics, there's an assumption that it's always people always
• 30:49
  Speaker 1: want more, that people automatically will work harder or longer,
• 30:54
  Speaker 1: or or more productively if there's going to be a
• 30:56
  Speaker 1: reward for them at the end. That is not the case.
• 30:59
  Speaker 1: This certain cultures where people settle. I just like life
• 31:04
  Speaker 1: the way it is right now, and if you're willing
• 31:06
  Speaker 1: to pay me more, if I work longer, you know,
• 31:10
  Speaker 1: short time period but hard to find. Now, I'll spend
• 31:12
  Speaker 1: most time at the beach. It's not the American culture.
• 31:17
  Speaker 1: It's not a culture of ambition, but there are cultures
• 31:20
  Speaker 1: like that. So incentives are not enough. You have to
• 31:23
  Speaker 1: have a culture of ambition, in other words, a culture
• 31:27
  Speaker 1: of people wanting to make the most of their lives.
• 31:30
  Speaker 1: You want to have a culture of real, real, long
• 31:36
  Speaker 1: term rational self interest, people really thinking about what's good
• 31:40
  Speaker 1: for me in the long run. And it's very difficult
• 31:45
  Speaker 1: to I think it's impossible at the end of the
• 31:48
  Speaker 1: day to defend capitalism just on the basis of and
• 31:52
  Speaker 1: we'll see the comeback in a minute, just on the
• 31:54
  Speaker 1: basis of it provides incentives, because we'll see what doctor
• 31:59
  Speaker 1: Mike in a minute comes back.
• 32:02
  Speaker 2: To that, like if I'm told that if I do
• 32:06
  Speaker 2: a real good job at work, I can make ten
• 32:09
  Speaker 2: times the money I might do crazy shit like let
• 32:13
  Speaker 2: work eat into the rest of my social life, stay
• 32:15
  Speaker 2: long hours, wake up in the middle of the night,
• 32:18
  Speaker 2: scribbling down ideas if I am not allowed to make
• 32:22
  Speaker 2: any more than a very nice but small amount of
• 32:25
  Speaker 2: money at work, and then my probability of going over
• 32:28
  Speaker 2: time for work falls super low. And you know, I'm
• 32:32
  Speaker 2: not a part of the story. Who cares about me?
• 32:34
  Speaker 2: Like rich people are rich either way? The real question
• 32:36
  Speaker 2: is what.
• 32:37
  Speaker 1: Rich people are rich either way? Really, I don't even
• 32:40
  Speaker 1: get that right. Rich people are people who create values
• 32:42
  Speaker 1: to create wealth. That's what makes them rich. And they
• 32:46
  Speaker 1: do that by doing the kind of stuff you just mentioned,
• 32:48
  Speaker 1: by by doing the kind of Look.
• 32:51
  Speaker 2: The fact does incentivizing people with megaprofits have on the
• 32:55
  Speaker 2: output of society overall versus if we can't clamp those
• 32:58
  Speaker 2: profits down. Modern economics hasn't debated this point for like
• 33:02
  Speaker 2: seventy years. Like, if typically a high degree of free
• 33:05
  Speaker 2: enterpriors you allow people to correct collect huge upside profits,
• 33:08
  Speaker 2: they just innovate like crazy in the standard of living
• 33:10
  Speaker 2: rises and they invent tons of medications, then isn't it interesting?
• 33:13
  Speaker 3: Though?
• 33:14
  Speaker 1: And this is the point again that the incentive, the
• 33:18
  Speaker 1: incentive stuff, particularly financial incentive, doesn't really capture. Why is
• 33:22
  Speaker 1: if Bezos still starting companies and working and investing and
• 33:27
  Speaker 1: working hard and failing, like like the rocket that exploded
• 33:32
  Speaker 1: in Blue Origin. But he just started an AI company
• 33:35
  Speaker 1: and he works hard. And a lot of these entrepreneurs
• 33:37
  Speaker 1: they work and work and work. Think about Steve Jobs
• 33:39
  Speaker 1: who worked until basically he died and he knew he
• 33:43
  Speaker 1: was dying, and yet he still went to work, or
• 33:45
  Speaker 1: he still worked from his home. He was still working.
• 33:47
  Speaker 1: Why do they work? They have enough money. It's not
• 33:50
  Speaker 1: about money. So that's the other thing that I think
• 33:53
  Speaker 1: this diminishes. When you leave people free, they get to
• 33:57
  Speaker 1: pursue their values. They get to pursue what they love
• 34:01
  Speaker 1: to do. They get to pursue their life, their values,
• 34:12
  Speaker 1: their passion, and that's fun. And you know, the money
• 34:18
  Speaker 1: is is a trivial part of that. Once you get
• 34:21
  Speaker 1: to a certain amount. The money is just a measure of
• 34:24
  Speaker 1: whether you're being successful or not. Money is a thumbs
• 34:28
  Speaker 1: up or thumbs down from the market. But it's not
• 34:31
  Speaker 1: like you're checking a bank account to see how much
• 34:33
  Speaker 1: is it's going up because you know how you're going
• 34:35
  Speaker 1: to pay for groceries tomorrow. So you know, again, monetary incentives, yeah,
• 34:42
  Speaker 1: they matter, but they're not everything. They're far from everything.
• 34:49
  Speaker 1: They're far, far from everything. And to defend the feedoale
• 34:52
  Speaker 1: pharmaceutical companies, to defend Dell, to defend all this, to
• 34:58
  Speaker 1: defend the profit motive based on incentive is again collectivistic.
• 35:04
  Speaker 1: And the idea of this is good for society, which
• 35:09
  Speaker 1: it keeps point returning to, is collectivistic. So it's very
• 35:13
  Speaker 1: and I'll just know it's because it's worth worth noticing
• 35:18
  Speaker 1: in your own thinking. It's very difficult to escape collectivism
• 35:23
  Speaker 1: and altruism in our own thinking because we were raised
• 35:27
  Speaker 1: with them. We've never known anything else. Everybody around us
• 35:32
  Speaker 1: talks in these terms, our concepts in a sense where
• 35:38
  Speaker 1: you know, discovered by by people who have this perspective,
• 35:41
  Speaker 1: So it's very difficult for us to get away from it.
• 35:44
  Speaker 1: It actually requires monitoring your own thinking and your own
• 35:49
  Speaker 1: speaking to make sure you don't fall into the collectivistic trap.
• 35:57
  Speaker 2: In tons of technologies, they make processes that typically or
• 36:00
  Speaker 2: reserved for luxury people normal like the people that like
• 36:03
  Speaker 2: founded and ran Uber and Lyft in all these car companies,
• 36:06
  Speaker 2: like they brought the black car to the regular person
• 36:08
  Speaker 2: because just anyone can afford to a car to come
• 36:11
  Speaker 2: pick them up and droped off.
• 36:12
  Speaker 1: That's crazy.
• 36:12
  Speaker 2: Do you remember the nineties, that was like only rich
• 36:15
  Speaker 2: people could do that, Like rich, rich people like the
• 36:17
  Speaker 2: guy who owned the mansion could maybe do that. Now
• 36:19
  Speaker 2: everyone does that, Like what push these uber people to
• 36:22
  Speaker 2: do this sort of thing? Like you know they have
• 36:24
  Speaker 2: a multi billion dollar company, So passion inspiration for sure,
• 36:28
  Speaker 2: Well that's good.
• 36:28
  Speaker 1: Did he mention his passionate inspiration? Because those those are
• 36:31
  Speaker 1: important and we have to remember those. But yeah, they
• 36:35
  Speaker 1: made a lot of money.
• 36:36
  Speaker 2: But also like a concomittant reward that like, don't worry
• 36:39
  Speaker 2: if you toast your life for all of this, you
• 36:42
  Speaker 2: will give you so much money that it'll be worth it.
• 36:44
  Speaker 2: That's a big deal. And again, those people they get
• 36:46
  Speaker 2: money either way, it's not it's not a concern for them.
• 36:49
  Speaker 2: If we set up massive incentives, how good is it
• 36:52
  Speaker 2: for people that Imagine we had an Olympics where we
• 36:55
  Speaker 2: paid no one any money for it. We didn't give
• 36:57
  Speaker 2: out medals because it was kind of cross to rank people.
• 37:00
  Speaker 2: We didn't pay for people to show up. How much
• 37:02
  Speaker 2: of the beauty of competitive sport and humans at their
• 37:04
  Speaker 2: best would we see at the Olympics. Broh, the wouldn't
• 37:06
  Speaker 2: even be an Olympics. It would be like some in Cincinnati,
• 37:08
  Speaker 2: O Hi a no offense. Cincinnati's great place, and no
• 37:11
  Speaker 2: one would care about it. But because the Olympics are
• 37:13
  Speaker 2: given so much praise and so many gold medals and
• 37:17
  Speaker 2: money and contracts and sponsors, then man athletes will grind
• 37:21
  Speaker 2: their entire lives for one medal. We want to see
• 37:23
  Speaker 2: that because we benefit as consumers of entertainment, sport and so.
• 37:27
  Speaker 2: Just the same way, the profit motive in medicine, I think,
• 37:29
  Speaker 2: is like an enormous thing. We want as much profit
• 37:32
  Speaker 2: in medicine as possible.
• 37:33
  Speaker 1: That is a great line. I love that, right, We
• 37:36
  Speaker 1: want as much profit in medicine as possible. That's absolutely
• 37:40
  Speaker 1: the case. Note that most people who come from a
• 37:44
  Speaker 1: benefit to society collectivistic approach will never say something like that.
• 37:48
  Speaker 1: That is fantastic. So again, mixed pharmacies, lots of mixed premises.
• 37:53
  Speaker 1: We want as much profit in medicine as possible. Yeah,
• 37:57
  Speaker 1: that means there's a lot of innovation going on. That
• 37:59
  Speaker 1: means there's a lot of new stuff happening. That's means
• 38:04
  Speaker 1: you know, that creating enormous value. Enormost value. Think about
• 38:10
  Speaker 1: the amount of profit that has been created around gyp ones. Yeah,
• 38:17
  Speaker 1: I mean at some point I think that that what
• 38:20
  Speaker 1: was it nov disk, which was the company out in Denmark,
• 38:24
  Speaker 1: It's profit was larger than like the GDP of Denmark
• 38:26
  Speaker 1: or something like that. It is it is pretty pretty amazing,
• 38:35
  Speaker 1: pretty amazing how much profit you can make when you
• 38:40
  Speaker 1: innovate and you bring out a new product that is
• 38:44
  Speaker 1: life changing, like the gop ones have been.
• 38:48
  Speaker 2: You want as little abuse and dereliction as possible. That
• 38:51
  Speaker 2: is absolutely tractable to get both of those things at
• 38:54
  Speaker 2: the same time. You want the upside to be like, hey,
• 38:56
  Speaker 2: make amazing medicines, make health care better for everyone, make
• 38:59
  Speaker 2: it cheaper, take a bock load of money, and also
• 39:03
  Speaker 2: no abuse, no fraud, none of that. That just requires
• 39:06
  Speaker 2: really good regulation. Minimal but good regulation, massive transparency, and
• 39:10
  Speaker 2: a lot of really good oversight.
• 39:12
  Speaker 1: Yeah, basically I mean regulation here he's implying no fraud, right,
• 39:18
  Speaker 1: and uh and that is uh, that.
• 39:21
  Speaker 2: Is that is good. But we will, we will, And
• 39:27
  Speaker 2: then you liberate the free market to do its thing.
• 39:29
  Speaker 2: I think you start clipping the wings off the free market.
• 39:31
  Speaker 2: You get like more and more to France, and then
• 39:33
  Speaker 2: you keep clipping and you get more and more to Greece,
• 39:35
  Speaker 2: and you keep clipping, and you get more more to
• 39:38
  Speaker 2: Latin America, and you keep clipping, and you get to
• 39:39
  Speaker 2: North Korea at some point, which really.
• 39:41
  Speaker 1: Sucks, you know. And I think and I think he's right, right,
• 39:43
  Speaker 1: So he's defending the free market. But again, nowhere is
• 39:48
  Speaker 1: my right to my life. I produced it, I created it.
• 39:51
  Speaker 1: Keep your hands off of it. Now this that idea
• 39:56
  Speaker 1: is implied, and some of the stuff we'll see later
• 39:58
  Speaker 1: on U. But here he's defending the profit motive. It
• 40:02
  Speaker 1: should have been. It should have been first and foremost.
• 40:04
  Speaker 1: That would be a better, more appropriate the phone.
• 40:07
  Speaker 3: So what's your take on the fact that when Jonash
• 40:09
  Speaker 3: Sulk was asked why he didn't patent the vaccine, he said,
• 40:12
  Speaker 3: you can't patent the Sun, so I shouldn't patten the
• 40:14
  Speaker 3: vaccine and he let forego billions of dollars.
• 40:20
  Speaker 1: Well, I mean, I'll tell you how I would answer it.
• 40:23
  Speaker 1: First of all, I'd say, a vaccine is not the Sun.
• 40:27
  Speaker 1: A vaccine is man made. And uh, Jonathan Sulk, you
• 40:32
  Speaker 1: you under underappreciate your own value, you undermine your own achievement.
• 40:39
  Speaker 1: You did something amazing. Now, whether you want to get
• 40:42
  Speaker 1: rewarded for it in dollars or not. That's a separate question.
• 40:46
  Speaker 1: But it's not the sun. The Sun is just a given.
• 40:48
  Speaker 1: The Sun just appears. The Sun is just there. Nobody
• 40:51
  Speaker 1: had a nobody had to invent the sun. Nobody didn't
• 40:53
  Speaker 1: any work to discover the sun. The Sun was just there.
• 41:00
  Speaker 1: And the reality is that So had to discover this
• 41:09
  Speaker 1: figure it out, work hunt and he was not believed originally.
• 41:15
  Speaker 1: And I mean this was an achievement, a human achievement.
• 41:19
  Speaker 1: This is the difference between the metaphysical and man made.
• 41:21
  Speaker 1: Man makes this point some things a metaphysical existence of sun,
• 41:24
  Speaker 1: that's metaphysical. You're not going to get rewarded for the metaphysical.
• 41:27
  Speaker 1: But the man made is man made. Vaccines a man
• 41:30
  Speaker 1: made They're not metaphysical. So that's the first thing I
• 41:33
  Speaker 1: would say about this, right, that's the first thing I
• 41:35
  Speaker 1: would say about it. The second is, I mean, So
• 41:39
  Speaker 1: can do what he wants. It's his no. He had
• 41:42
  Speaker 1: the option to patent, a not to patent, to profit
• 41:45
  Speaker 1: from the vaccine, or not to profit from it. He
• 41:47
  Speaker 1: chose not to. It could be a legitimate choice. But
• 41:52
  Speaker 1: that idea that it's just like the sun and sadly
• 41:56
  Speaker 1: is doesn't get at this at all. That is the
• 42:03
  Speaker 1: meaning of human effort, of human reason, and that human
• 42:09
  Speaker 1: effort in human reason is the basis for why you
• 42:13
  Speaker 1: should keep the profits, why profits are legitimate. And so
• 42:20
  Speaker 1: is wrong. He's just wrong now to say he's wrong,
• 42:23
  Speaker 1: I mean, people love this statement by him because he's
• 42:26
  Speaker 1: so selfless. He's soltruistic because in this at least that's
• 42:32
  Speaker 1: how it's perceived. Right, But is that good? No, that's
• 42:38
  Speaker 1: not good. And he's wrong in terms of comparing it
• 42:41
  Speaker 1: to this, to his achievement to the son. That's a
• 42:44
  Speaker 1: major error that has diminished the value of scientists and
• 42:49
  Speaker 1: the farmer industry since then because people use it the
• 42:52
  Speaker 1: way the doctor Mike just used it is struggling with
• 42:58
  Speaker 1: this one approach.
• 43:01
  Speaker 2: So patents are a really great example of a trade
• 43:03
  Speaker 2: off system. If you have a situation where you say
• 43:09
  Speaker 2: there's not a lot of patent any idea, everyone who's
• 43:12
  Speaker 2: creating new medicines knows that as soon as they publish
• 43:14
  Speaker 2: the IU pack chemical structure, someone's just going to take
• 43:17
  Speaker 2: it and just produce an at scale. That does reduce
• 43:20
  Speaker 2: people's incentives to make really big strides towards really innovative cures.
• 43:26
  Speaker 2: On the other hand, if you have a patent structure
• 43:28
  Speaker 2: that says like the seal teams will shoot everyone to
• 43:32
  Speaker 2: death in your lab. If you try to make this
• 43:33
  Speaker 2: drug for cheaper and the patent lasts for fifty years
• 43:38
  Speaker 2: and it's exclusive to one person or one company, then
• 43:42
  Speaker 2: you're really enhancing the kind of innovation that goes on
• 43:45
  Speaker 2: a different route and makes a different kind of drug.
• 43:47
  Speaker 2: But you can take a whole drug class and deaden
• 43:49
  Speaker 2: all of the innovation because you just patented the entire
• 43:52
  Speaker 2: drug class or something. And so patent law ends up
• 43:55
  Speaker 2: playing at a trade off between these two extremes. And
• 43:58
  Speaker 2: I think there's probably in many cases some kind of
• 44:02
  Speaker 2: legal structure that goes somewhere down the middle. I don't
• 44:05
  Speaker 2: want to say patent homeostasis, Yeah, su sure, and that
• 44:08
  Speaker 2: could be dynamically adjusted and stuff like that. Yeah, one
• 44:10
  Speaker 2: of the most important things.
• 44:12
  Speaker 1: In So I'm glad to see defending patents. There's a
• 44:15
  Speaker 1: lot of people out there, libertarians and economists who won't
• 44:18
  Speaker 1: defend patents. So is it all gets it? It gets
• 44:22
  Speaker 1: why patents are important. So that's a good thing. Again,
• 44:27
  Speaker 1: you don't hear from him this idea of property rights.
• 44:30
  Speaker 1: Somebody created it. It belongs to them. You know, obviously
• 44:35
  Speaker 1: the problems with making it unlimited, But the fundamental is
• 44:40
  Speaker 1: a property right, because rights on a fundamental team at
• 44:43
  Speaker 1: least not in his thinking here.
• 44:46
  Speaker 2: In encouraging innovation and encouraging mass scale production is dependable
• 44:51
  Speaker 2: laws that are like a law. So you had a
• 44:57
  Speaker 2: general patent for this drug for three years. After that,
• 45:01
  Speaker 2: you get some kind of way more diluted patent for
• 45:03
  Speaker 2: another three years after that's out. It's just like anyone
• 45:06
  Speaker 2: does their thing. But all the companies that make drugs
• 45:09
  Speaker 2: know that ahead of time they can make decisions on
• 45:12
  Speaker 2: what drugs to make, what drugs not to make, et cetera.
• 45:14
  Speaker 2: I think that what's happening now with biotech advancement powered
• 45:18
  Speaker 2: by AI makes patents like kind of almost irrelevant because
• 45:23
  Speaker 2: the pace of innovation is so insane that like you
• 45:26
  Speaker 2: can patent like, so imagine patenting some ma aglatide. Right, Okay,
• 45:30
  Speaker 2: what's yours upetite is better in that.
• 45:32
  Speaker 1: He might be right about this. He might be right
• 45:34
  Speaker 1: that the pace of innovation in certain areas is so
• 45:36
  Speaker 1: big that patents become irrelevant. You can still patent them,
• 45:39
  Speaker 1: but they become irrelevant because competition is going to rise
• 45:42
  Speaker 1: so quickly a variance of what you've done, and semegulartide
• 45:46
  Speaker 1: is a GP one, and of course there's so many
• 45:50
  Speaker 1: GP ones. Now you're not going to be able to
• 45:53
  Speaker 1: patent the new one because or you can, but you're
• 45:57
  Speaker 1: not going to get the benefits from it because the
• 45:59
  Speaker 1: competition is just gonna is just going to crush you
• 46:01
  Speaker 1: in every conceivable way.
• 46:02
  Speaker 2: Your patent would have been cool for like three years,
• 46:05
  Speaker 2: and then t Receptite comes out and everyone's like, I
• 46:07
  Speaker 2: don't shit, is shoot or drug is patented. I'm never
• 46:09
  Speaker 2: buying any unerstanding there with patent that means nothing. So
• 46:12
  Speaker 2: I think patenting is getting more and more pointless as
• 46:16
  Speaker 2: we go on. But some degree of insurance that someone
• 46:19
  Speaker 2: can't just copy or drug might have some element of kind.
• 46:24
  Speaker 3: Of Yeah, my question wasn't about the patent as much
• 46:26
  Speaker 3: as it is. Jonahs Hall created this wonderful thing that
• 46:30
  Speaker 3: changed humanity in many ways, and yet it wasn't with
• 46:33
  Speaker 3: this capitalistic mindset of.
• 46:35
  Speaker 1: Yeah, he's trying to get an altruism right, He's trying
• 46:38
  Speaker 1: to get away from the patent issue and trying to
• 46:40
  Speaker 1: get Israel to actually address the issue of altruism. Jonathans
• 46:45
  Speaker 1: soul did it out of a love of humanity, out
• 46:48
  Speaker 1: a sacrifice. He sacrificed promise. I don't know why he
• 46:50
  Speaker 1: did it. We'd have to go back and figure out
• 46:52
  Speaker 1: why he did it. But you know, Isotel is not
• 46:56
  Speaker 1: willing to go there, not willing to defend the self
• 46:59
  Speaker 1: into the profit motive costs self interest quite right, and
• 47:04
  Speaker 1: he's not willing to attack an altruistic premise.
• 47:08
  Speaker 3: I'm grinding because I want the financial reward. I'll say
• 47:12
  Speaker 3: something really up because this makes for good clips. Jenna
• 47:17
  Speaker 3: Saul himself delivered zero vaccines to zero people. Industrial capacity
• 47:20
  Speaker 3: to that.
• 47:21
  Speaker 1: This is pretty this is a really point scale. Can
• 47:24
  Speaker 1: do that?
• 47:25
  Speaker 2: So the hidden heroes behind every vaccine that's ever saved
• 47:28
  Speaker 2: lives are the people in the labs figuring out how
• 47:30
  Speaker 2: do we make this an industrial scale and how do
• 47:32
  Speaker 2: we close the delivery pipeline, because like vaccines, you can't
• 47:35
  Speaker 2: just leave him out in the sun and shit like that.
• 47:37
  Speaker 2: You can't just put them in pills and have them
• 47:39
  Speaker 2: just sit on shelves. So the people that do the logistics,
• 47:42
  Speaker 2: the pipeline, all the dynamics of delivering that vaccine at
• 47:46
  Speaker 2: scale and at a price that can sustain that infrastructure. Man,
• 47:49
  Speaker 2: they're the ones like, you know, having a great idea
• 47:51
  Speaker 2: Jona living a deceased God, because there's no debate about that.
• 47:57
  Speaker 2: But having a cool idea and making a cool molecules,
• 48:00
  Speaker 2: it's dope. It's not the entire picture. And so I
• 48:02
  Speaker 2: think when people make things for the benefit of all
• 48:05
  Speaker 2: mankind and don't want money in return, I think that's awesome.
• 48:08
  Speaker 1: He thinks that's awesome. He's not going to criticize the motivation,
• 48:11
  Speaker 1: and he's not going to figure out the motivation. He's
• 48:12
  Speaker 1: not going to talk about altoism visus egoism in any
• 48:16
  Speaker 1: kind of sense. He's not an all philosopher. So fine,
• 48:19
  Speaker 1: but it's a weakness. It's a weakness and argument. If
• 48:24
  Speaker 1: they want money in return, I think that's awesome. The
• 48:27
  Speaker 1: only money they're ever going to get is the amount
• 48:28
  Speaker 1: of money people are going to pay them. But I
• 48:30
  Speaker 1: think it's also important.
• 48:31
  Speaker 2: To ask questions about, like, well, how does that actually work
• 48:34
  Speaker 2: in the real world, getting actual things to real people.
• 48:36
  Speaker 2: Then there's a whole bunch of capitalist machinery that has
• 48:39
  Speaker 2: to be plugged in. Otherwise the thing just never happens.
• 48:41
  Speaker 1: That is a great point. I've never heard of anybody actually
• 48:43
  Speaker 1: make that point. If well Man makes it right, what
• 48:47
  Speaker 1: is the old of the businessman? The old of the
• 48:49
  Speaker 1: businessman is to take the science and turn it into
• 48:52
  Speaker 1: something that is a value to all of us, to
• 48:54
  Speaker 1: turn it into scale, to turn it into something on
• 48:57
  Speaker 1: the store sheelf that we can and we can then
• 49:01
  Speaker 1: enjoy and benefit from. And so it's not that I've
• 49:04
  Speaker 1: never heard anybody say it, but that was really good.
• 49:06
  Speaker 1: It's rare that people recognize the value of the businessman,
• 49:13
  Speaker 1: the person who didn't invent the vaccine, but the person
• 49:15
  Speaker 1: who takes a vaccine and industrializes it and brings it
• 49:19
  Speaker 1: at scale, and takes it and puts it into a form,
• 49:24
  Speaker 1: a form that can then be distributed on a massive
• 49:28
  Speaker 1: scale and change people's lives. That I think Israel is
• 49:34
  Speaker 1: completely right, that that is something that is underappreciated, really underpreciated.
• 49:41
  Speaker 1: In our world. We often recognize the innovator, we often
• 49:44
  Speaker 1: recognize the scientist. Do we recognize the businessman who makes
• 49:48
  Speaker 1: that innovation a marketable product.
• 49:55
  Speaker 3: I feel like whether or not he gets paid, those
• 49:57
  Speaker 3: companies that are delivering those vaccines will ultimately still be paid.
• 50:01
  Speaker 2: Yeah, that's why the vaccines go where they need it,
• 50:04
  Speaker 2: just because those companies get paid. Yeah.
• 50:05
  Speaker 3: Like, the only thing I'm trying to challenge, it's really
• 50:08
  Speaker 3: putting it on the alteration is the idea that people
• 50:11
  Speaker 3: grind and work harder at work because of this financial incentive.
• 50:16
  Speaker 1: Yeah, people grinding and work harder it work because they
• 50:18
  Speaker 1: love it, because it's a passion, and because of financial incentive.
• 50:22
  Speaker 1: It's a combination of the things. Some people are more
• 50:24
  Speaker 1: motivated by finance, some people are more motivated by passion.
• 50:28
  Speaker 1: But ultimately, what's the key here is the self interested motive.
• 50:33
  Speaker 3: But you're saying and that they're grinding so much that
• 50:36
  Speaker 3: they're giving up their social life in order to do that.
• 50:39
  Speaker 3: Is that a net win for society that you have
• 50:41
  Speaker 3: less of a social life, that you're grinding harder, you're
• 50:44
  Speaker 3: making more advancements.
• 50:45
  Speaker 1: Or net win for society? How do you measure that
• 50:49
  Speaker 1: the net win for society? Where is the society that
• 50:52
  Speaker 1: we can measure whether somebody working hard it's good for society,
• 50:56
  Speaker 1: or working less would be good for society.
• 50:57
  Speaker 2: Or is it better to have some sort of balance.
• 51:01
  Speaker 1: For society. It's a net win by like a huge
• 51:03
  Speaker 1: fraction society is a net win. How do we know that? Well,
• 51:06
  Speaker 1: what if the society loves I don't know, poverty, loves
• 51:14
  Speaker 1: cathedrals and hates progress. So you can't answer that question
• 51:19
  Speaker 1: like this. You have to challenge the premise. You have
• 51:23
  Speaker 1: to question the premise and reject the premise. Once you
• 51:27
  Speaker 1: start answering this question, you completely accept the collectivism as
• 51:33
  Speaker 1: the standards. You com accepted his You don't know what
• 51:37
  Speaker 1: society wants a society of altruists. I mean, you can
• 51:42
  Speaker 1: say it's a win materially maybe, but what if they
• 51:45
  Speaker 1: don't value material goods? Again, it's the same thing about
• 51:50
  Speaker 1: with incentives. Some societies, people respond to incentives. In some societies,
• 51:55
  Speaker 1: people don't respond to society to incentives.
• 51:58
  Speaker 2: Depending on their values for the individual grinding, is it
• 52:03
  Speaker 2: in that personal win? It depends on how much they
• 52:05
  Speaker 2: value being a beneficent force in society.
• 52:08
  Speaker 1: Is that it how much they value being beneficent force
• 52:11
  Speaker 1: in society? Maybe it's how much they enjoy the grinding?
• 52:15
  Speaker 1: Maybe how much? I mean, really, is that what motivates
• 52:17
  Speaker 1: these people? I mean here again, he's buying completely into
• 52:20
  Speaker 1: the collectivistic notion. Businessmen work hard because they want to
• 52:24
  Speaker 1: be a benevolent source in society. You know, I don't
• 52:27
  Speaker 1: think so. I don't think so. I am going to
• 52:35
  Speaker 1: put cop or whatever his name is on time out.
• 52:47
  Speaker 1: You just don't come to my chat and dominate it
• 52:49
  Speaker 1: with BS. I mean, it's fine you disagree with a
• 52:52
  Speaker 1: lot of what's said here. It's fine you want to
• 52:55
  Speaker 1: argue with everybody. But it's just a distraction to have
• 52:57
  Speaker 1: you constantly got instantly post uh, you know, without without stop.
• 53:06
  Speaker 1: So time out for twenty four hours, cool down when
• 53:10
  Speaker 1: you come back post less. Just don't dominate the chat.
• 53:18
  Speaker 1: It's not an interesting You're repetitive, and it's a distraction
• 53:22
  Speaker 1: everybody in the chat and to me, so the standard
• 53:26
  Speaker 1: and the reason people will caught is not because they're
• 53:29
  Speaker 1: benefiting society. It's because they're enjoying it. Because they're getting
• 53:33
  Speaker 1: rewarded financially and they're getting rewarded spiritually.
• 53:36
  Speaker 2: They are then like sweet, here, how do we cultivate
• 53:39
  Speaker 2: that having people like want to do good.
• 53:42
  Speaker 1: For society more?
• 53:44
  Speaker 2: This is the all chosen Like the expert on that,
• 53:47
  Speaker 2: I'll say that, well that that was a nice line. Yeah,
• 53:50
  Speaker 2: just I'm an expert on almost nothing. Actually, the just
• 53:55
  Speaker 2: just to address the point there's no valid claim aim
• 54:00
  Speaker 2: to say that the only motive that makes people do good.
• 54:02
  Speaker 1: Things is the profit motive. That is good.
• 54:05
  Speaker 2: Plenty of people do really hard work and sacrifice for
• 54:07
  Speaker 2: society without any profit mode.
• 54:08
  Speaker 1: Stop the sacrificing for society. Nobody goes to work for society.
• 54:15
  Speaker 1: They go to work for the values that they're building.
• 54:18
  Speaker 1: They go to work to satisfy you know, certain people,
• 54:21
  Speaker 1: they go to work to enjoy, to be fun, to
• 54:26
  Speaker 1: make a living, to lots of reasons. But how many
• 54:29
  Speaker 1: people really go to work to sacrifice a society and
• 54:32
  Speaker 1: they're not sacrificing. They're gaining more than they're giving. That's
• 54:37
  Speaker 1: part of what the profit motive is all about. But
• 54:39
  Speaker 1: you see how you buy into the language of the culture,
• 54:43
  Speaker 1: that buy into the concept of the culture, the mental
• 54:46
  Speaker 1: attitude of the culture. In Accetts, we need to be
• 54:49
  Speaker 1: a lot more politically incorrect than israel Is. We need
• 54:53
  Speaker 1: to challenge the very basis, the very basis of what
• 55:02
  Speaker 1: this culture holds. You're not going to work the sacrifice society.
• 55:06
  Speaker 1: Bill Gates are not sacrifice society. Steve Jobs do not
• 55:09
  Speaker 1: sacrifice so society. And if you put it in those terms,
• 55:12
  Speaker 1: then people think, yeah, right, you know, you don't need
• 55:16
  Speaker 1: if the purpose of their work is to sacrifice society,
• 55:18
  Speaker 1: they don't need to make so much money. They should
• 55:20
  Speaker 1: make less money. So, I mean, this is a great
• 55:28
  Speaker 1: lesson in don't buy into the concepts in the culture
• 55:33
  Speaker 1: that are prevalent out there.
• 55:36
  Speaker 2: All right, let's see, the profit motive is just a
• 55:39
  Speaker 2: massive ROI. It is a huge average uplift to how
• 55:43
  Speaker 2: much actual, real good things get made in the world,
• 55:45
  Speaker 2: in part because it fuels motivation, inspiration, persistence, in part
• 55:48
  Speaker 2: because it like smooths out the incentive structure from one
• 55:51
  Speaker 2: corporation to another to another. If you have a profit motive,
• 55:54
  Speaker 2: like it's really easy to get the pipe pads.
• 55:55
  Speaker 1: In the I mean, this isn't all that, but what
• 55:57
  Speaker 1: about I mean, if you're going to do the economic
• 55:59
  Speaker 1: stuff from motive is a signal that you're creating value.
• 56:02
  Speaker 1: It's a signal for where the market should be investing more.
• 56:06
  Speaker 1: You know, prices or prices including profits, signals that are
• 56:10
  Speaker 1: that are valuable to a marketplace. You take the profit away,
• 56:13
  Speaker 1: how do you invest, where do you invest? How do
• 56:14
  Speaker 1: you know what's good and what's not. It's true that
• 56:17
  Speaker 1: it's also a way to cut you know, competition over
• 56:21
  Speaker 1: the problem. It encourages competition. But that's what place.
• 56:26
  Speaker 2: There is so much more basically almost impossible. So and
• 56:29
  Speaker 2: the profit motive costs quote unquote society, like.
• 56:33
  Speaker 1: It doesn't cost society anything. It's all in that positive.
• 56:36
  Speaker 1: There's no cost here to a society. Society doesn't pay anything.
• 56:40
  Speaker 1: There is no such thing as society. You got to
• 56:43
  Speaker 1: reject this idea of talking about society in any kind
• 56:46
  Speaker 1: of generalized sense. Who does it cost? Doesn't cost anybody?
• 56:51
  Speaker 1: When I buy an iPhone, Apple's making a huge profit
• 56:54
  Speaker 1: off of me. Does it cost me anything now? Because
• 56:58
  Speaker 1: I'm getting something of greater value than what I gave up,
• 57:01
  Speaker 1: So it's a win win. The nature of the profit motive,
• 57:04
  Speaker 1: the nature of trade, the nature of trade in a
• 57:06
  Speaker 1: free society is win win. And I was there's no sacrifice,
• 57:09
  Speaker 1: there's no cost in the in the sense that he's
• 57:12
  Speaker 1: talking about you.
• 57:13
  Speaker 2: Know whatever average seven percent per year. That there's then
• 57:16
  Speaker 2: that profit of the like because it's not.
• 57:19
  Speaker 1: A cost of society. That is something the business created.
• 57:23
  Speaker 1: It didn't exist before the business did it. It can't
• 57:26
  Speaker 1: be a cost to other people. And it's only possible
• 57:32
  Speaker 1: because the people who are buying the product believe that
• 57:35
  Speaker 1: the products are with more than the pain win win.
• 57:38
  Speaker 1: There's no there's no loss here, there's no cost to society.
• 57:42
  Speaker 1: This is zero sum thinking there's a pie and seven
• 57:46
  Speaker 1: percent is a profit that goes to the corporation. No,
• 57:51
  Speaker 1: the seven percent is is the growth in the pie.
• 57:54
  Speaker 1: It's the growing of the pie if there's of course
• 57:56
  Speaker 1: there's no pie to begin with. Yeah, this is really sloppy.
• 58:03
  Speaker 2: Capitalist to USA at this point. But the benefit has
• 58:06
  Speaker 2: been calculated by various economists to be less orders of
• 58:09
  Speaker 2: magnitude higher than that, and so it's kind of like, okay,
• 58:11
  Speaker 2: so profit on average is great.
• 58:13
  Speaker 1: That doesn't mean every Yeah, so it's true that the
• 58:16
  Speaker 1: profit that the business receives is a fraction something like
• 58:20
  Speaker 1: two percent of the total value that it creates. So
• 58:24
  Speaker 1: it's going to pine up by seven percent, it's going
• 58:27
  Speaker 1: to puy by by by fifty percent, and it's getting
• 58:30
  Speaker 1: that sliver that's seven percent. But that's again not a
• 58:34
  Speaker 1: cost because it's all additive. It's all additional, and it's
• 58:38
  Speaker 1: not owned by society and then distributed to their businesses
• 58:42
  Speaker 1: as profit. Literally it is created by the businessman didn't
• 58:48
  Speaker 1: exist before. Really really important to get this sequence right
• 58:53
  Speaker 1: because otherwise, again you're buying into zero sum. You're buying
• 58:56
  Speaker 1: into a collective ownership of everything you're buying into. Society
• 59:00
  Speaker 1: is something that exists and has will, and has values
• 59:03
  Speaker 1: and has things that it wants. None of that is
• 59:08
  Speaker 1: individual only acts in profits.
• 59:10
  Speaker 2: Some people will just like for nothing at all, will
• 59:12
  Speaker 2: grind away all their lives. How do we encourage people
• 59:16
  Speaker 2: to do more sacrifice? I think one way is do
• 59:20
  Speaker 2: we want people to sacrifice? Why when the alternative is
• 59:23
  Speaker 2: to trade, well an alternative. Why is lose win better
• 59:28
  Speaker 2: than win win?
• 59:29
  Speaker 1: Why is sacrifice so noble where one putty is losing,
• 59:34
  Speaker 1: isn't win win much better than lose win? You know
• 59:38
  Speaker 1: this is again straight out of Christianity. The essence of Christianity.
• 59:42
  Speaker 1: You must lose in order to be virtuous.
• 59:48
  Speaker 2: The economic systems so they can get paid up the ass.
• 59:51
  Speaker 2: If you know that if you become an NBA player
• 59:54
  Speaker 2: and you make like one hundred million dollars over a career,
• 59:57
  Speaker 2: sure does not hurt your chances of having hoop dreams.
• 1:00:00
  Speaker 2: If you want to become a person who creates medicines
• 1:00:03
  Speaker 2: for people, in the third world, and you also know
• 1:00:05
  Speaker 2: there's an option there that'll make you a hundred millionaire.
• 1:00:08
  Speaker 2: My god, like, you are way more likely to do
• 1:00:10
  Speaker 2: that on average, or really persist at it than otherwise.
• 1:00:14
  Speaker 2: So I think I think first of all, is like
• 1:00:16
  Speaker 2: and that people do good for society. There's some way
• 1:00:18
  Speaker 2: to monetize that so they get paid. The other way
• 1:00:21
  Speaker 2: is maybe having a discussion. And I do this on
• 1:00:26
  Speaker 2: my other mic isratel YouTube channel, which is like philosophy
• 1:00:29
  Speaker 2: and progress and stuff like that. Is looking at the
• 1:00:32
  Speaker 2: world more like one giant team, one giant society, one
• 1:00:36
  Speaker 2: giant civilization. As a globalist, as a globalist, and being
• 1:00:41
  Speaker 2: do you consider yourself a global Well, I'm Jewish, so
• 1:00:43
  Speaker 2: of course a globalist.
• 1:00:44
  Speaker 1: That's a great line. By the way, that line is
• 1:00:47
  Speaker 1: worth watching this for. I'm Jewish, and of course I'm
• 1:00:50
  Speaker 1: a globalist. He's buying into all of that.
• 1:00:53
  Speaker 2: And I'm relatively wealthy, so obviously I'm actually technically a
• 1:00:57
  Speaker 2: lizard person.
• 1:00:58
  Speaker 1: I'd pull my skin off.
• 1:00:59
  Speaker 2: It'd be weird. Lights that lism skin. You know this,
• 1:01:01
  Speaker 2: they're also wizard prospers. Let's get this lights. So there's
• 1:01:06
  Speaker 2: a term globalist. I'm entirely sure. It's such a pejorative.
• 1:01:10
  Speaker 2: I'm not sure what it means. In technical terms.
• 1:01:12
  Speaker 1: It doesn't mean anything. It means somebody who advocates to
• 1:01:16
  Speaker 1: one one government. But nobody I know actually advocates. Almost
• 1:01:20
  Speaker 1: nobody I know advocates for one world government. So it's
• 1:01:22
  Speaker 1: it's it's bullshit. It's it's a cross between. It's an
• 1:01:25
  Speaker 1: attacking globalization and free trade without without saying globalization of
• 1:01:31
  Speaker 1: free trade globalist sounds more jewish, I guess, more more conspiratorial.
• 1:01:36
  Speaker 1: All right, let me see. We got two more segments
• 1:01:39
  Speaker 1: that I promised to do. I think the shorter one eight.
• 1:01:42
  Speaker 1: Let's go to them and see what's there, and we'll
• 1:01:44
  Speaker 1: see how long we go. One forty one, one forty two.
• 1:01:49
  Speaker 1: There we go. Okay, it's almost forty eight. But let's
• 1:01:52
  Speaker 1: let's see what this is. We'll comment on this, and
• 1:01:55
  Speaker 1: then we'll skip to one fifty three and we'll comment
• 1:01:57
  Speaker 1: in that, and then we'll go to your questions. We're
• 1:02:02
  Speaker 1: doing really well in terms of I'm just going to
• 1:02:04
  Speaker 1: raise the goal because we've done so well. What the
• 1:02:06
  Speaker 1: hell We've done really well, primelily because Liam came in
• 1:02:10
  Speaker 1: with Liam Miller came in with three hundred bucks. Thank you. Liam.
• 1:02:14
  Speaker 1: There's a question there. We'll get to that question in
• 1:02:15
  Speaker 1: a minute or a comment more like a comment, but
• 1:02:18
  Speaker 1: let's let's let's check this out all right. Here we go.
• 1:02:22
  Speaker 2: Part doesn't concern me nearly as much. What concerns me
• 1:02:26
  Speaker 2: is that we have this insane system of first, do
• 1:02:29
  Speaker 2: no harm through the FDA drug approval process.
• 1:02:33
  Speaker 1: So here he's going to go after the FDA drug
• 1:02:35
  Speaker 1: approval process and the idea of do no harm. And
• 1:02:38
  Speaker 1: he's actually really really good here right again, I think
• 1:02:41
  Speaker 1: he could be clear almost a synct and we'll focused
• 1:02:44
  Speaker 1: on on on individualism in a sense and in individual's
• 1:02:50
  Speaker 1: right to take whatever risks he wants with his own
• 1:02:53
  Speaker 1: with himself.
• 1:02:54
  Speaker 2: But he's really good on this. And it takes somewhere
• 1:02:57
  Speaker 2: between five and fifteen years to approved. Absolutely, and we
• 1:03:01
  Speaker 2: count all of the lives saved by the drugs after
• 1:03:03
  Speaker 2: they come out, We count all of the lives not
• 1:03:06
  Speaker 2: harmed by the downsides of these drugs when.
• 1:03:07
  Speaker 1: They have downsides.
• 1:03:09
  Speaker 2: We never count the lives that we're not saving because
• 1:03:11
  Speaker 2: these drugs aren't here earlier to say absolutely absolutely lives.
• 1:03:16
  Speaker 2: And so if we had a more open and free system.
• 1:03:19
  Speaker 2: We're consenting voluntary adults could sign the waiver with their
• 1:03:23
  Speaker 2: doctor and get any drug they want, no matter the
• 1:03:26
  Speaker 2: degree of clinical precision on saying what this drug is
• 1:03:28
  Speaker 2: doing for now, I think we have the best of
• 1:03:30
  Speaker 2: all worlds.
• 1:03:31
  Speaker 1: Absolutely, absolutely. I mean it reminded me of the COVID
• 1:03:34
  Speaker 1: vaccine where why couldn't we get the covid vaccine in
• 1:03:36
  Speaker 1: the summer when it was already being produced and where
• 1:03:40
  Speaker 1: it was already shown not to be harmful stage one
• 1:03:45
  Speaker 1: and it's efficaciousness was questioned. So if you were willing
• 1:03:50
  Speaker 1: to just do it in order to get on with life,
• 1:03:53
  Speaker 1: given lockdowns and anything else, why couldn't you go and
• 1:03:56
  Speaker 1: get it? Then? I mean, why couldn't old people get it?
• 1:03:59
  Speaker 1: There's no downside, and they might be an upside and
• 1:04:01
  Speaker 1: it might have saved a lot of lives, particularly if
• 1:04:04
  Speaker 1: people over seventy five. Let's say, why couldn't they just
• 1:04:07
  Speaker 1: get it as soon as the drug was ready? Why
• 1:04:09
  Speaker 1: did they have to wait for efficaciousness trials? And you know,
• 1:04:13
  Speaker 1: and and that was speed it up. That was a
• 1:04:16
  Speaker 1: sped up process. Why can't we speed it up even
• 1:04:20
  Speaker 1: more by letting people sign a wave of saying they
• 1:04:23
  Speaker 1: recognize the risks and are willing to take it and
• 1:04:29
  Speaker 1: it was safe and effective. You know, somebody is questioning
• 1:04:33
  Speaker 1: the safe and effective COVID vaccines were safe.
• 1:04:35
  Speaker 2: And effective because the people that are brave enough and
• 1:04:37
  Speaker 2: risk hollerant enough, they act like massive scientists for the
• 1:04:41
  Speaker 2: rest of us because look.
• 1:04:42
  Speaker 3: Like I don't I don't compare those people.
• 1:04:46
  Speaker 1: Doctor Mike really doesn't like this scientist. Well, they're not,
• 1:04:50
  Speaker 1: I want to disrespect.
• 1:04:50
  Speaker 3: Well, that's like the people that are on bodybuilding dot
• 1:04:53
  Speaker 3: com forms that don't have a degree, that never studied
• 1:04:57
  Speaker 3: the way you studied, and they compare themselve as they go,
• 1:05:00
  Speaker 3: I'm the same as doctor Mike's PhD.
• 1:05:02
  Speaker 2: I know, the same.
• 1:05:04
  Speaker 1: Let me clarify my point. They're not the same.
• 1:05:07
  Speaker 2: It's a different point because a different different process because
• 1:05:11
  Speaker 2: they function as testing via drugs, absolutely, and they give
• 1:05:15
  Speaker 2: us a marginal amount of information that is higher than
• 1:05:17
  Speaker 2: zero every time they take the drugs.
• 1:05:19
  Speaker 1: Absolutely. I mean he's you know, Israchel is completely right
• 1:05:25
  Speaker 1: on this. Imagine you know, right now we do trials
• 1:05:29
  Speaker 1: and we should continue to do trials, right, but imagine
• 1:05:32
  Speaker 1: if now you had a whole cohort, uh that was
• 1:05:34
  Speaker 1: taking a particular anti cancer drug and outside of the trial,
• 1:05:40
  Speaker 1: and you would get so much more information from them
• 1:05:42
  Speaker 1: as long as they doctors will monitoring and you got
• 1:05:44
  Speaker 1: you got information about side effects, but whether they worked
• 1:05:48
  Speaker 1: though it didn't work. Now in addition to the real
• 1:05:52
  Speaker 1: rigorous trial, this would be a incredible trove of additional data.
• 1:05:58
  Speaker 1: The whole way in which they if the functions it
• 1:06:02
  Speaker 1: is ridiculous and absurd, and it's it's it's this idea
• 1:06:05
  Speaker 1: of the based on the precautionary principle uh and ultra
• 1:06:09
  Speaker 1: conservative and ultra fearful and ultra oriented towards not approving
• 1:06:14
  Speaker 1: a drug vest rather than an orientation towards approving drugs. Uh.
• 1:06:19
  Speaker 1: And and they improved way too few drugs and uh
• 1:06:22
  Speaker 1: they're way too cautious about these things. And they were
• 1:06:24
  Speaker 1: way too cautious. Uh you know, even abound again even
• 1:06:29
  Speaker 1: about the COVID vaccine. So and that was that was
• 1:06:32
  Speaker 1: a supercharge in terms of timing. So I agree completely
• 1:06:35
  Speaker 1: with Israel here FDA could be abolished. You could have
• 1:06:39
  Speaker 1: private labs doing the rigorous UH testing while doctors and
• 1:06:47
  Speaker 1: patients make choices about which drugs to use in which
• 1:06:50
  Speaker 1: not and uh, and patients being willing to waver because
• 1:06:53
  Speaker 1: of particular drug hadn't passed the testing of these private
• 1:06:57
  Speaker 1: labs that we're doing. We're doing in these private labs,
• 1:07:01
  Speaker 1: unlike the FDA, would also be liable for the results.
• 1:07:04
  Speaker 1: You could sue them if it turned out they said no,
• 1:07:06
  Speaker 1: this is safe and it wasn't safe. They could potentially
• 1:07:09
  Speaker 1: be liable for it. So and so could the pharmaceutical company.
• 1:07:15
  Speaker 1: There would be lots of mechanisms by which to prevent harm.
• 1:07:18
  Speaker 1: But if you wanted to take the drug early before
• 1:07:23
  Speaker 1: the lab had tested it, or before they tested it
• 1:07:28
  Speaker 1: for ficaciousness, but after they've tested it for safety, which
• 1:07:31
  Speaker 1: I think is what makes sense, then why not be
• 1:07:34
  Speaker 1: able to sign a waiver out with your doctor and
• 1:07:36
  Speaker 1: try it out and see what happens. This is this
• 1:07:40
  Speaker 1: is this is really really uh, this is really really
• 1:07:44
  Speaker 1: good stuff. Oh let me check switch to one fifty three.
• 1:07:47
  Speaker 1: See what he says there, because I think this is
• 1:07:49
  Speaker 1: where he just delves into this and he argues a
• 1:07:51
  Speaker 1: little bit with the other guy about this. And again,
• 1:07:54
  Speaker 1: one thing that's missing is the individual's right to put
• 1:07:58
  Speaker 1: his life at risk. My life, don't tell me what
• 1:08:01
  Speaker 1: drugs I can I cannot take all. Right, let's try.
• 1:08:06
  Speaker 2: It totally as affair something like ninety ten. I don't
• 1:08:10
  Speaker 2: think the answer is in the middle. I don't think
• 1:08:11
  Speaker 2: the answer for how to do AI drug policy because
• 1:08:14
  Speaker 2: here's the big downside. Let me just make the real
• 1:08:15
  Speaker 2: big point here, Mike. When you have a drug that's
• 1:08:19
  Speaker 2: already ready to save lives, yeah, and you wait ten
• 1:08:22
  Speaker 2: years to give it to any realsus outside of three
• 1:08:25
  Speaker 2: hundred people in a clinical trial, you're murdering people.
• 1:08:28
  Speaker 1: Yep.
• 1:08:29
  Speaker 2: Yeah.
• 1:08:30
  Speaker 3: I think historically your point is very wrong. I think
• 1:08:35
  Speaker 3: if all of these drugs that had ninety nine percent
• 1:08:37
  Speaker 3: promise before they went to clinical trials that ended up
• 1:08:40
  Speaker 3: harming people, if we gave them to people, we would
• 1:08:43
  Speaker 3: have caused a lot.
• 1:08:44
  Speaker 2: Of Yes, but how many drugs did we wait and
• 1:08:47
  Speaker 2: not give to people and how many people die? Because
• 1:08:50
  Speaker 2: there's always a cost, the cost is way better.
• 1:08:52
  Speaker 3: You have to decide what your barometer for creating harmony?
• 1:08:55
  Speaker 1: Who is you?
• 1:08:56
  Speaker 2: It should be the society, be the person.
• 1:08:58
  Speaker 1: Yeah, this is good. So so notice here here he
• 1:09:02
  Speaker 1: discovers his individualism, and here he discovers his individualism and
• 1:09:06
  Speaker 1: is rejecting the collectivism. Implied by by doctor Mike. Right,
• 1:09:12
  Speaker 1: so let me just I lost the point. I mean, ohops,
• 1:09:19
  Speaker 1: what did it? Where is it? Oh right, let's uh,
• 1:09:24
  Speaker 1: let's listen to this.
• 1:09:26
  Speaker 2: This is this is yep is very wrong.
• 1:09:29
  Speaker 3: I think if all of these drugs that had ninety
• 1:09:31
  Speaker 3: nine percent promise before they went to clinical trials that
• 1:09:34
  Speaker 3: ended up harming people, if we gave them to people,
• 1:09:37
  Speaker 3: we would have caused a lot.
• 1:09:38
  Speaker 2: Of Yes, but how many drugs did we wait and
• 1:09:42
  Speaker 2: not give to people? And how many people died?
• 1:09:44
  Speaker 1: Because now so far this is still people generally kind
• 1:09:48
  Speaker 1: of society implied. But there's a good cost. The cost
• 1:09:52
  Speaker 1: is way better.
• 1:09:53
  Speaker 3: If you have to decide what your barometer for creating harmony,
• 1:09:56
  Speaker 3: who is you?
• 1:09:56
  Speaker 2: It should be the society, but to be the person.
• 1:09:58
  Speaker 2: There's no such things society. That's an esoteric thing, doesn't it.
• 1:10:01
  Speaker 1: Yeah, there's no such thing as society. But earlier he
• 1:10:05
  Speaker 1: talked about society as if it was a thing all
• 1:10:07
  Speaker 1: the time. So here the remnants of Anevande is coming,
• 1:10:11
  Speaker 1: and this is an issue he's passionate about, and he
• 1:10:13
  Speaker 1: remembers his individualism right, and he says the individual should
• 1:10:16
  Speaker 1: decide there's no such thing as society. That's an esoteric thing,
• 1:10:19
  Speaker 1: whatever the hell that means. But that is really good. Now,
• 1:10:23
  Speaker 1: if he'd taken this point and brought it in early
• 1:10:26
  Speaker 1: around the profit motive, ah, that would have been amazing.
• 1:10:30
  Speaker 1: That would have been perfect. That's that's what we should
• 1:10:35
  Speaker 1: be striving towards. That's the kind of augmentation we should
• 1:10:38
  Speaker 1: be striving. Ran.
• 1:10:39
  Speaker 2: Society does not make decisions. Its institutions are individuals. So
• 1:10:42
  Speaker 2: who should make the choice of I gain, I say.
• 1:10:45
  Speaker 3: The government of the United States. To me, that's representative
• 1:10:47
  Speaker 3: of society.
• 1:10:48
  Speaker 1: So you want you.
• 1:10:49
  Speaker 2: Want Bobby Kennedy deciding like who gets what drug want me?
• 1:10:52
  Speaker 2: I hope not, But that's literally the case.
• 1:10:54
  Speaker 1: I know.
• 1:10:54
  Speaker 2: That's why I hate it. Right, So there's a better mechanism,
• 1:10:57
  Speaker 2: I agree, well, and replace with maybe somebody even more insane.
• 1:11:04
  Speaker 2: You could have said that when the Biden people around,
• 1:11:06
  Speaker 2: and they would have been correct about him. You could
• 1:11:08
  Speaker 2: have said, oh, there's one who I don't know, I
• 1:11:12
  Speaker 2: don't know, somebody crazy, someone someone could have someone almost
• 1:11:15
  Speaker 2: certainly called that person crazy, and then we got Bobby
• 1:11:17
  Speaker 2: Kennedy instead. So your assumption that will get better people
• 1:11:19
  Speaker 2: through government is certainly does not do well in historical amount.
• 1:11:23
  Speaker 2: I'll tell you what does if you look back at
• 1:11:25
  Speaker 2: all of the drugs that had looked good in trials
• 1:11:30
  Speaker 2: but were released early or would have been released early,
• 1:11:33
  Speaker 2: they looked good early in trials, later in trials looked bad.
• 1:11:36
  Speaker 2: If we had released all those drugs to the populace,
• 1:11:39
  Speaker 2: my contention is they would have done an order magnitude
• 1:11:42
  Speaker 2: less harm than simply gatekeeping the drugs that were already
• 1:11:45
  Speaker 2: good that we weren't releasing to people those with the
• 1:11:47
  Speaker 2: silent deaths. So like trzepetide, we now know the GLP
• 1:11:51
  Speaker 2: get straight up, individual some capacity were around in the
• 1:12:00
  Speaker 2: early nineties, but they just kind of like and want
• 1:12:03
  Speaker 2: to release them. And part of that burden is massive
• 1:12:05
  Speaker 2: regulatory structure that you gotta pay like a billion dollars
• 1:12:07
  Speaker 2: to take a drug through trials. So that would have
• 1:12:10
  Speaker 2: saved like tens of millions of people. Had we have
• 1:12:12
  Speaker 2: those drugs in the nineties, it would have prevented a
• 1:12:13
  Speaker 2: large fraction of the obesity epidemic straight up. I mean,
• 1:12:16
  Speaker 2: it could have saved like fifty million lives or something
• 1:12:18
  Speaker 2: like that over the course of that time.
• 1:12:20
  Speaker 3: Like this, it's just an ai universe that you're living
• 1:12:22
  Speaker 3: in it, and it's not real life. It just it's
• 1:12:24
  Speaker 3: not real life. Like the conversations that you're saying that
• 1:12:27
  Speaker 3: doctor can just have with his patients. It's just it's
• 1:12:29
  Speaker 3: not real man. Like no one comes in as like
• 1:12:32
  Speaker 3: I'm fifteen percent comfortable taking a risk, Like no one
• 1:12:35
  Speaker 3: talks like that. That's not how a real patient encounter works.
• 1:12:38
  Speaker 3: It's just it's not tied to reality. It's just I
• 1:12:42
  Speaker 3: wish it was. I wish it was as simple as like, Okay,
• 1:12:44
  Speaker 3: let's accelerate, let's get good research, let's get this drug
• 1:12:47
  Speaker 3: out there.
• 1:12:47
  Speaker 1: It's just like that's not how it happens.
• 1:12:49
  Speaker 2: It should happen better, yep, okay, but it's just like it's.
• 1:12:53
  Speaker 1: Not because individuals should make decisions for themselves. I right,
• 1:12:59
  Speaker 1: I think I've cover with everything that they've wanted me
• 1:13:02
  Speaker 1: to cover, you know, I think I think it's a
• 1:13:05
  Speaker 1: it's a fascinating conversation. He's good on the drug stuff,
• 1:13:09
  Speaker 1: he's good on the FDA. He even Wow, he made
• 1:13:13
  Speaker 1: the point to society doesn't really exist. That is a
• 1:13:16
  Speaker 1: huge upside, right, huge upside. And God, the people the
• 1:13:25
  Speaker 1: people in the chat who are anti anti science in
• 1:13:28
  Speaker 1: interesting ways. Yep I after comment on it, so Leone
• 1:13:38
  Speaker 1: says humans have survived without sunscreen for hundreds and thousands
• 1:13:43
  Speaker 1: of years. It is not many kill advice simply in
• 1:13:45
  Speaker 1: my opinion, Yeah, what was life expectancy for hundreds of
• 1:13:49
  Speaker 1: thousands of years? I mean, yeah, if you only get exposed,
• 1:13:54
  Speaker 1: expose yourself into your thirties, you're not going to get
• 1:13:56
  Speaker 1: skin cancer. It's exposing yourself all the way into your
• 1:14:00
  Speaker 1: fifties or sixties where you're going to get to skin cancer.
• 1:14:02
  Speaker 1: Cancer generally is a disease of old age. It's not
• 1:14:05
  Speaker 1: a disease of youth. So yeah, you know, some people
• 1:14:09
  Speaker 1: did die of skin cancer without sunscreen, but those were
• 1:14:14
  Speaker 1: the very few who actually made it to that age.
• 1:14:17
  Speaker 1: Most people never made it to that age, so we
• 1:14:19
  Speaker 1: never discovered. So all these arguments about what primitive man
• 1:14:24
  Speaker 1: did or didn't do, and how he lived or how
• 1:14:26
  Speaker 1: he didn't live, and how long he did and what
• 1:14:27
  Speaker 1: diseases they got, I don't buy it. Don't buy it.
• 1:14:35
  Speaker 1: And we can see that you know, plenty of people
• 1:14:38
  Speaker 1: with light skin who go on into the sun, spend
• 1:14:40
  Speaker 1: a lot of time out the sun. The probability that
• 1:14:42
  Speaker 1: they get without sunscreen, they get skin scancer is much
• 1:14:45
  Speaker 1: higher than dark skinned people doing the same thing, or
• 1:14:48
  Speaker 1: of light skin people don't go into the sun that much,
• 1:14:50
  Speaker 1: or people who use sunscreen. I mean, it's testable. It's
• 1:14:53
  Speaker 1: not that hard. It's science. You test it. And sunscreen
• 1:14:57
  Speaker 1: actually is good for you, not completely. You want some
• 1:15:00
  Speaker 1: itam and you want some sun exposure because you want
• 1:15:02
  Speaker 1: the vitamin D and the other benefits to sun exposure.
• 1:15:05
  Speaker 1: But you wanna you want to balance because you're gonna
• 1:15:09
  Speaker 1: live into your nineties hopefully. Anyway. That also is not
• 1:15:16
  Speaker 1: many color of ice. That's just my opinion. Okay, let's
• 1:15:22
  Speaker 1: thank you doctor Israel for providing us with interesting content.
• 1:15:25
  Speaker 1: I think that was really interesting and the good and
• 1:15:29
  Speaker 1: the and the and they're not so good. Uh And
• 1:15:33
  Speaker 1: thank you Dave forgetting me to uh to do that.
• 1:15:36
  Speaker 1: That was that was fun. All right. What do I
• 1:15:40
  Speaker 1: want to remind you of? I want to remind you
• 1:15:42
  Speaker 1: that we're still raising money for my series of videos
• 1:15:45
  Speaker 1: that I that I'm going to do in London, high
• 1:15:47
  Speaker 1: quality videos to increase subscribers to try to get them
• 1:15:50
  Speaker 1: to go to try to get them to uh go viral.
• 1:15:54
  Speaker 1: We're gonna spend some money also, and and and getting
• 1:15:57
  Speaker 1: on marketing and and getting these things up more kud it. Well,
• 1:16:00
  Speaker 1: but they're going to beautifully produced, you will see. And
• 1:16:04
  Speaker 1: we're going to do this in September. We've raised we're
• 1:16:07
  Speaker 1: trying to raise fifteen thousand dollars. We've raised just over twelve,
• 1:16:12
  Speaker 1: so thirteen three thousand dollars is what we're what we're
• 1:16:16
  Speaker 1: short of as of a few minutes ago. So please
• 1:16:20
  Speaker 1: consider doing something. It should be that hard to get
• 1:16:24
  Speaker 1: three thousand dollars in the next few days. We'll talk
• 1:16:25
  Speaker 1: about this again tomorrow with Nikos, because Nicos is involved
• 1:16:29
  Speaker 1: in the project. He will be coming to London. He
• 1:16:31
  Speaker 1: will be he will be interviewing me. Some of the
• 1:16:35
  Speaker 1: money is at least to come sate Nicos for his
• 1:16:38
  Speaker 1: travel expenses and again he'll be interviewing me and as
• 1:16:44
  Speaker 1: part of this documentary. It should be it should be
• 1:16:47
  Speaker 1: a lot, a lot of a lot more fun. So
• 1:16:54
  Speaker 1: I have to address this as well. So Lloyance says,
• 1:16:57
  Speaker 1: our ancestors lived long live, but infant mortality was high.
• 1:17:01
  Speaker 1: It is a complete myth that we died at age thirty. Yeah, okay,
• 1:17:06
  Speaker 1: but if you made it to age twenty what was
• 1:17:09
  Speaker 1: life expectancy a thousand years ago, ten thousand years ago,
• 1:17:13
  Speaker 1: if you lived to age twenty, it's still dramatically shorter
• 1:17:19
  Speaker 1: than it is today. Well, let's say you reached age ten.
• 1:17:28
  Speaker 4: What was life expect to see one thousand years ago?
• 1:17:41
  Speaker 1: So it was fifty, it was fifty. If you made
• 1:17:44
  Speaker 1: it to age ten, you probably lived to reach fifty.
• 1:17:47
  Speaker 1: All right, let's put ten thousand years ago. You probably
• 1:17:53
  Speaker 1: lived to age thirty, maybe forty. Ten thousand years ago
• 1:17:58
  Speaker 1: Paleolithic Neo period, around ten thousand years ago. You probably
• 1:18:03
  Speaker 1: reached twenty or thirty years And it could be that
• 1:18:05
  Speaker 1: you died because of violence, but it doesn't matter why
• 1:18:09
  Speaker 1: you died. The point is that you didn't reach the
• 1:18:11
  Speaker 1: point where cancer became an issue, became a problem. So again,
• 1:18:16
  Speaker 1: even of reaching ten, take away child mortality, take away
• 1:18:19
  Speaker 1: child mortality reaching ten, life is still you know, fifty
• 1:18:23
  Speaker 1: was old. Fifty was really really really old. That's a
• 1:18:29
  Speaker 1: thousand years ago, ten thousand egos years ago. Forty was
• 1:18:32
  Speaker 1: really really really old. So it's a myth that our
• 1:18:40
  Speaker 1: ancient ancestors live long, healthy lives. They didn't. They didn't
• 1:18:46
  Speaker 1: particularly live long, and they didn't particularly live healthy lives.
• 1:18:50
  Speaker 1: There's no reason to believe that they were healthy, that
• 1:18:54
  Speaker 1: they didn't have athritis, and they didn't have you know,
• 1:18:56
  Speaker 1: many of the diseases we suffer from today, plus other
• 1:18:59
  Speaker 1: ones that today we can use medications to get rid of.
• 1:19:03
  Speaker 1: So no, not buying it. But you know that's what
• 1:19:08
  Speaker 1: you have signs for, all right, So I want to
• 1:19:11
  Speaker 1: remind you of that. What else did? I want to
• 1:19:12
  Speaker 1: remind you Those of you live who would like to
• 1:19:15
  Speaker 1: come to Phoenix, Arizona in order to participate in my
• 1:19:21
  Speaker 1: in one of my courses, either the course on Iron
• 1:19:24
  Speaker 1: Rand or on Venture Capital and Private Equity, you can
• 1:19:31
  Speaker 1: you can actually sign up for the class. Now I
• 1:19:34
  Speaker 1: need to I need to figure out where that is.
• 1:19:38
  Speaker 1: You can sign up to come to their class. I
• 1:19:41
  Speaker 1: hope some of you do. The more people in the audience,
• 1:19:44
  Speaker 1: the more fun it is for me. So I'm certainly
• 1:19:47
  Speaker 1: hoping that we get a large turnout. But Brooke dot
• 1:19:51
  Speaker 1: pay per form one word pay per form dot co,
• 1:19:56
  Speaker 1: Brook dot payperform dot co. I'll put this in the chat.
• 1:20:00
  Speaker 1: How you sign up to be a member of the
• 1:20:03
  Speaker 1: audience A member of the audience at the Peterson Academy
• 1:20:08
  Speaker 1: for my courses on what do you call it? On
• 1:20:13
  Speaker 1: Ironman eight hour course on Ironman, or on private equity
• 1:20:18
  Speaker 1: and venture capital. The Ironman one is twenty fourth and
• 1:20:21
  Speaker 1: twenty fifth of July. The venture Capital one is twenty
• 1:20:24
  Speaker 1: sixth and twenty seventh of July. And let's see what
• 1:20:34
  Speaker 1: else do we want to talk about? Remind you, Yeah,
• 1:20:40
  Speaker 1: let's remind you that the Innman Institute is has a
• 1:20:48
  Speaker 1: conference in Austin, Texas, primarily focused at primarily focused at students,
• 1:21:01
  Speaker 1: but really open for anybody, and students can get scholarships.
• 1:21:06
  Speaker 1: And yeah, I mean, I think this is this is
• 1:21:10
  Speaker 1: going to be an exciting conference. I think that the
• 1:21:14
  Speaker 1: the uh you know, September eleventh to thirteenth, eleven to thirteenth,
• 1:21:20
  Speaker 1: you're gonna it's three days. You're gonna spend it with
• 1:21:23
  Speaker 1: top objectivist thinkers in the hub of Austin's intellectual renaissance,
• 1:21:28
  Speaker 1: right and the place where the iran Issitute headquarters Iron
• 1:21:32
  Speaker 1: Center is going to be built. You know, the lectures,
• 1:21:37
  Speaker 1: I don't think we have a list of lectures yet,
• 1:21:40
  Speaker 1: but you know, there'll be lectures on the pursuit of happiness,
• 1:21:44
  Speaker 1: on the virtue of selfishness, morality, of capitalism, reason versus faith, building,
• 1:21:48
  Speaker 1: a career you love, and many more. I won't be there,
• 1:21:52
  Speaker 1: but others like like to that it's funny and on car
• 1:21:54
  Speaker 1: and I guess Greg and others will be there, so
• 1:21:57
  Speaker 1: check it out. Let's see scholarships. The issued is offering
• 1:22:01
  Speaker 1: generous scholarship for students and young professionals who are under
• 1:22:05
  Speaker 1: thirty five. Anybody under thirty five, and these scholarships often
• 1:22:09
  Speaker 1: include transportation to Austin. So a lot of scholarships, generous scholarships,
• 1:22:16
  Speaker 1: you can get them. You can go to Ian Oak
• 1:22:19
  Speaker 1: slash ybs, Iinman slash ybs and apply for scholarships. So
• 1:22:23
  Speaker 1: they want young people under thirty five. They also want
• 1:22:26
  Speaker 1: older people, but older people to expect to pay. But
• 1:22:31
  Speaker 1: lots of scholarship for young people. Check it out. It
• 1:22:34
  Speaker 1: should be, it should be. It's going to be a
• 1:22:36
  Speaker 1: lot of fun and and it's Austin, Texas, which is
• 1:22:41
  Speaker 1: great city. Great city, all right. Alex Epstein is the
• 1:22:49
  Speaker 1: world leading authority on things like energy and fossil fuels
• 1:22:55
  Speaker 1: and also environmental regulations and in that prevent growth in
• 1:22:59
  Speaker 1: now in the world do which we live economic growth,
• 1:23:02
  Speaker 1: So check him out. Check out ex sps sign out
• 1:23:04
  Speaker 1: Alex Epstein substec dot com for great articles, great talking
• 1:23:09
  Speaker 1: points on all of these topics and much more. He's
• 1:23:12
  Speaker 1: also getting into the whole AI issue and and and
• 1:23:15
  Speaker 1: fighting against the anti anti AI centers, the tendency that
• 1:23:23
  Speaker 1: is out there these days. All right, let's jump in
• 1:23:28
  Speaker 1: remind you all that this show couldn't be possible without
• 1:23:33
  Speaker 1: support from you. The best way to support the show,
• 1:23:35
  Speaker 1: particularly for those of you are not live on the
• 1:23:37
  Speaker 1: show right now, is to go to Patreon dot com
• 1:23:40
  Speaker 1: or to PayPal dot com and become a regular monthly subscriber.
• 1:23:44
  Speaker 1: Sign up, put some dollars behind your values, trade with me,
• 1:23:49
  Speaker 1: and become a monthly supporter. It's the best way. Uh,
• 1:23:53
  Speaker 1: and uh, it's predictable for me. And I know we've
• 1:23:57
  Speaker 1: got a lot of new subscribers over the last a
• 1:24:00
  Speaker 1: few weeks, over one thousand, some of you, some of
• 1:24:04
  Speaker 1: you new subscribers, will consider going and and supporting the
• 1:24:11
  Speaker 1: show and going to Patreon and making making this show possible.
• 1:24:15
  Speaker 1: Couldn't couldn't survive without you guys. All right, let's let's
• 1:24:20
  Speaker 1: start with the three hundred dollars from Liam. Thank you Liam. Wow,
• 1:24:24
  Speaker 1: I'm so glad you're doing a reaction to this. I
• 1:24:27
  Speaker 1: had watched this interview and was thinking about what your
• 1:24:29
  Speaker 1: response would be. Thank you to whoever sponsored this three
• 1:24:32
  Speaker 1: hundred dollars. The really appreciate that. And yes, Dave Dave
• 1:24:37
  Speaker 1: sponsored this, so thank you Dave as well. That is great.
• 1:24:41
  Speaker 1: All right, Molten Splendor says for your class nine man,
• 1:24:43
  Speaker 1: consider addressing her admiration of the businessman quote. Businessmen are
• 1:24:47
  Speaker 1: the one group the distinguishes the distinguishes capitalism from the
• 1:24:52
  Speaker 1: American and the American way of life from the tatalitarian
• 1:24:57
  Speaker 1: statism that is swallowing the rest of the world. Absolutely,
• 1:25:01
  Speaker 1: that is going to be a big chunk of both
• 1:25:04
  Speaker 1: my discussion of capitalism, but also my discussion of kind
• 1:25:08
  Speaker 1: of uh you know, the impact she's had on the
• 1:25:11
  Speaker 1: world and uh and who cultural kind of commentary on
• 1:25:18
  Speaker 1: the world, which will be kind of the last session. Michael,
• 1:25:23
  Speaker 1: It seems altruism spearheads people's motivations, pointing to reality and
• 1:25:29
  Speaker 1: cause and effect relationship doesn't sway them. Are they adamant
• 1:25:34
  Speaker 1: about alleviating their own guilt more than anything else? Well,
• 1:25:38
  Speaker 1: a lot of it, yes, But think of it. Think
• 1:25:40
  Speaker 1: of it this way. People who are thinking, who are
• 1:25:47
  Speaker 1: still at the conceptual level, who are willing to consider
• 1:25:50
  Speaker 1: new ideas. They're going to be swayed by cause and
• 1:25:53
  Speaker 1: effect relationships, and they're the ones you're really speaking to.
• 1:25:58
  Speaker 1: The people who don't respond to the car An effect.
• 1:26:00
  Speaker 1: They're not interested in reality. They're interested in what happens
• 1:26:04
  Speaker 1: in their own mind really, in their own feelings. They're
• 1:26:07
  Speaker 1: much more about alleviating guilt. They're much more about appeasement.
• 1:26:10
  Speaker 1: They're much more about stuff like that than they are
• 1:26:13
  Speaker 1: about anything real in the real world. And they're not
• 1:26:17
  Speaker 1: really your audience because they've given up on reality in
• 1:26:20
  Speaker 1: a sense. So it's not that nobody cares about cause
• 1:26:24
  Speaker 1: and effect, it's that you will discover who doesn't who
• 1:26:27
  Speaker 1: doesn't based on how they respond to questions and facts
• 1:26:34
  Speaker 1: around cause and effect relationships, and those who don't don't
• 1:26:41
  Speaker 1: and just walk away. It's just the reality, okay. Michael
• 1:26:46
  Speaker 1: also says seems like the lefty interviewer wasn't interacting with
• 1:26:50
  Speaker 1: what Mike was saying. He didn't understand economics and was
• 1:26:54
  Speaker 1: frustrated by Mike's lack of altruism and now viewing people
• 1:26:57
  Speaker 1: as hapless children that need to be taken care of.
• 1:27:00
  Speaker 1: I don't know if that's completely true. I mean, it's
• 1:27:02
  Speaker 1: some true to that, but I also think he just disagrees,
• 1:27:07
  Speaker 1: you know, but he is raising I think objections that
• 1:27:12
  Speaker 1: anybody listened to Mike would raise. I think it's what
• 1:27:17
  Speaker 1: about soul statement? I think is a a good response,
• 1:27:21
  Speaker 1: and you know, Israel didn't have a response to that.
• 1:27:25
  Speaker 1: So he's picking up on weaknesses. The whole framing of
• 1:27:29
  Speaker 1: incentives around what's good for society. That's a weakness. And
• 1:27:33
  Speaker 1: the interviewer picked up on that and asked about it.
• 1:27:35
  Speaker 1: So I thought he was a good interviewer. I thought
• 1:27:38
  Speaker 1: he was responding. I actually thought he was responding to Israel.
• 1:27:41
  Speaker 1: But he was responding to Israel's weakness. So the way
• 1:27:47
  Speaker 1: Israel defended his economic ideas was wrong. And the consequence
• 1:27:55
  Speaker 1: of that is he opened himself up to the kind
• 1:27:58
  Speaker 1: of questions that the you had. So I don't I
• 1:28:01
  Speaker 1: don't think the interviewer is weak. I mean, obviously, particularly
• 1:28:04
  Speaker 1: when you get the FDA, you you see how resistant
• 1:28:09
  Speaker 1: he is. But I really I think you you overestimate
• 1:28:16
  Speaker 1: Israel's the how convincing his arguments were, and you're underestimating
• 1:28:26
  Speaker 1: the quality of the interviewer himself. Thank you, Michael. All right,
• 1:28:32
  Speaker 1: how about Campbell? How do people go through life where
• 1:28:36
  Speaker 1: truth is not a category for them? I don't know
• 1:28:40
  Speaker 1: if that's true. I don't know if people do go
• 1:28:42
  Speaker 1: through life where truth is not a category for them.
• 1:28:45
  Speaker 1: It's just truth isn't something that they're constantly looking for,
• 1:28:51
  Speaker 1: and it's not an important category for them, and they're
• 1:28:54
  Speaker 1: willing to accept stuff is true based on faith rather
• 1:28:58
  Speaker 1: than based on reason. It's not that they don't think
• 1:29:01
  Speaker 1: there is such a thing as true. There's some people, postmodernists, freaks,
• 1:29:05
  Speaker 1: but most people, most normal people, believe there's such a
• 1:29:08
  Speaker 1: category as truth. But they they they use it to
• 1:29:16
  Speaker 1: categorize things based on something that is not a measure
• 1:29:21
  Speaker 1: of truth. Could be faith, it could be other people's opinion,
• 1:29:24
  Speaker 1: second handedness. Right, So the truth is indeed universal, it
• 1:29:29
  Speaker 1: is I mean with regard to universal things, it is universal.
• 1:29:34
  Speaker 1: You know, this is an iPhone is truth and it
• 1:29:37
  Speaker 1: is universal. And people choose to believe a lot of
• 1:29:40
  Speaker 1: things based on non objective for non objective reasons. So
• 1:29:44
  Speaker 1: it's not that they don't hold the category. It's that
• 1:29:47
  Speaker 1: they it's that they misapply it. They don't know how
• 1:29:53
  Speaker 1: to use it. Not you have as algorithm. When you
• 1:29:57
  Speaker 1: get old enough to the point where you can't take
• 1:30:00
  Speaker 1: care of yourself, is the rational choice to off yourself
• 1:30:04
  Speaker 1: or have a care taker to assist you in basic
• 1:30:07
  Speaker 1: daily life. I mean, I don't think there's one answer
• 1:30:12
  Speaker 1: to this. I don't think that this is where there's
• 1:30:14
  Speaker 1: one way of doing. This depends on your values and
• 1:30:18
  Speaker 1: depends on you. If you really can't take care of yourself,
• 1:30:22
  Speaker 1: I would prefer to off myself. I bet I can
• 1:30:27
  Speaker 1: understand why people would prefer not to. And it also
• 1:30:31
  Speaker 1: depends on the level of not being able to take
• 1:30:33
  Speaker 1: care of yourself, what does that entail and so on.
• 1:30:38
  Speaker 1: So the more incapacitate you are, the more it makes
• 1:30:43
  Speaker 1: sense to commit suicide in my view. Noah Solomon Nelson
• 1:30:51
  Speaker 1: did an interview on Mike's PhD and showed how sloppy
• 1:30:55
  Speaker 1: and full of errors it was. Mike tried to fabricate
• 1:30:57
  Speaker 1: a PhD where all errors were fixed, but he was
• 1:31:01
  Speaker 1: caught in the act. He is a liar, a clown
• 1:31:04
  Speaker 1: in the industry. Okay, I didn't know that, don't know that,
• 1:31:09
  Speaker 1: don't know that. You know you'd have to I'd have
• 1:31:12
  Speaker 1: to go and figure out if this Nelson guy what
• 1:31:15
  Speaker 1: he did was true and so on. I just don't know.
• 1:31:19
  Speaker 1: Live on Mike is Hotel was the first Domino piece
• 1:31:24
  Speaker 1: that led me to you on book show? Wow, how
• 1:31:26
  Speaker 1: did that happen? Would be amazing if you could bring
• 1:31:28
  Speaker 1: him on as a guest, and big thanks to have
• 1:31:31
  Speaker 1: a sponsored tonight. That's interesting. So obviously Noah and Levon
• 1:31:35
  Speaker 1: did not agree on the value that Mike Isel presents,
• 1:31:39
  Speaker 1: But I wonder what the other Domino pieces were. I'm
• 1:31:42
  Speaker 1: curious how you went from Isabel to me. What were
• 1:31:46
  Speaker 1: the intermediary steps that would be interesting? Ryan? In your
• 1:31:52
  Speaker 1: last show you talked about left and right in terms
• 1:31:55
  Speaker 1: of terror and murder, et cetera. Why would anyone place
• 1:31:58
  Speaker 1: radical Muslims on the left? A group that wants world
• 1:32:03
  Speaker 1: domination is leftist? Yeah, I mean communism wandered the world
• 1:32:07
  Speaker 1: domination and that was leftist. I don't think muslim is left.
• 1:32:11
  Speaker 1: The only reason to put them on the left is
• 1:32:13
  Speaker 1: because the left allies with them, the leftist pro Islamism,
• 1:32:20
  Speaker 1: you know, mostly but as that candidate for the Senate said,
• 1:32:25
  Speaker 1: I'm not a socialist, I'm a Muslim. So the Islamists
• 1:32:29
  Speaker 1: don't think of themselves as leftists at all. There's no
• 1:32:34
  Speaker 1: reason to associate the two. I think Islam is I
• 1:32:38
  Speaker 1: mean o left and right categories, as have many said
• 1:32:40
  Speaker 1: many times, bogus. And it's not the only alternative. There
• 1:32:44
  Speaker 1: is left, right, Muslim and probably many other and religion
• 1:32:48
  Speaker 1: generally is on the right, not on the left. But
• 1:32:51
  Speaker 1: they're all collectivists, and collectivists commit, you know, the violence
• 1:32:57
  Speaker 1: in our society. Individualists very commit violence, very rarely initiate
• 1:33:03
  Speaker 1: for us. All right, Neil, thanks for caring about the
• 1:33:11
  Speaker 1: soccer schedule for once. It's usually the opposite. Yeah, I
• 1:33:15
  Speaker 1: care about the soccer schedule because I like watching it.
• 1:33:17
  Speaker 1: Actually thought the game was a three pm e Skoods time,
• 1:33:20
  Speaker 1: so I started to show at one. If I'd realized
• 1:33:23
  Speaker 1: it was at five, I might have started it later.
• 1:33:26
  Speaker 1: But by the time I realized that I was wrong,
• 1:33:28
  Speaker 1: I'd already announced the show. But it worked out. Okay,
• 1:33:31
  Speaker 1: it worked out, okay, Noah. In the Wealth of Nations,
• 1:33:35
  Speaker 1: did Adam Smith say that you need government regulations to
• 1:33:39
  Speaker 1: stop monopolies conspiracy contrive to raise profits? Yes, I mean
• 1:33:43
  Speaker 1: he He suggests that he suggests a role of government
• 1:33:48
  Speaker 1: to prevent monopolies. I mean you also suggest the role
• 1:33:50
  Speaker 1: of government to have a central bank. So you know,
• 1:33:55
  Speaker 1: Adams Smiths was not allows a f a capitalist. It
• 1:33:57
  Speaker 1: was great and important I think for economics perspective, but
• 1:34:02
  Speaker 1: he was not a Luzzi Fay economist. Luzza fe came later,
• 1:34:09
  Speaker 1: came later, And he was not a great moral theorist,
• 1:34:15
  Speaker 1: which a lot of the libertarian types, A lot of
• 1:34:17
  Speaker 1: the libertarian types and the conservative types too, like Adam
• 1:34:21
  Speaker 1: smith and you know, hail him as a conserv as
• 1:34:23
  Speaker 1: a as an ethic a giant of ethics, and he's not.
• 1:34:27
  Speaker 1: He's super conventional when he comes to ethics. And again
• 1:34:30
  Speaker 1: he's one of these people as many philosophers were in
• 1:34:33
  Speaker 1: the eighteenth, eighteenth and some extend nineteenth century, trying to
• 1:34:37
  Speaker 1: save Christian ethics, trying to put it into a secular frame,
• 1:34:42
  Speaker 1: trying to make it sound more sophisticated than it really is.
• 1:34:47
  Speaker 1: All right, not Javis algorithm. Do you wear sunscreen daily?
• 1:34:53
  Speaker 1: I've been told it's necessary even when it's not sunny. No,
• 1:34:56
  Speaker 1: I very rarely wear sunscreen. I wear sunscreen when I
• 1:34:59
  Speaker 1: go with the when my tie body is exposed for
• 1:35:02
  Speaker 1: long periods of time to the sun. But when I
• 1:35:05
  Speaker 1: go for a walk, I could go for a walk
• 1:35:06
  Speaker 1: for an hour. I don't wete sunscreen. I mean, I'm covered,
• 1:35:09
  Speaker 1: most of my body's covered. My legs are not. Doesn't
• 1:35:11
  Speaker 1: wear shorts and my arms are not. Doesn't wear my
• 1:35:13
  Speaker 1: shorts sleeve. And that's fine. Your body can handle and
• 1:35:17
  Speaker 1: it's actually good for your body to have a suddain
• 1:35:19
  Speaker 1: amount of sunshine. But if I go to the beach
• 1:35:22
  Speaker 1: and I'm in a bathing suit and my body is
• 1:35:26
  Speaker 1: exposed to the sun, you know, for a long stretch
• 1:35:29
  Speaker 1: of time, that's when I wear sunscreen. But I don't
• 1:35:33
  Speaker 1: do it daily and at all. Right, Even says we're
• 1:35:41
  Speaker 1: gonna get in trouble. Even and I are going to
• 1:35:43
  Speaker 1: get into trouble. I can see it coming. I'm sorry.
• 1:35:47
  Speaker 1: On tonight we will take out England and next up
• 1:35:50
  Speaker 1: is you and Nikos's beloved Messy. Don't you know what
• 1:35:54
  Speaker 1: Chinese year it is? It is the year of the Viking.
• 1:36:00
  Speaker 1: We will see Ivan, I mean, join me and Nikos
• 1:36:03
  Speaker 1: tomorrow for the show and we'll see. There's both a
• 1:36:07
  Speaker 1: game today that Messy is in and a game today
• 1:36:10
  Speaker 1: that Norway is in, and we will see who wins.
• 1:36:13
  Speaker 1: The more you egg me on, the more motivated am
• 1:36:17
  Speaker 1: to root for a particular team in the game. But
• 1:36:22
  Speaker 1: let's see what happens. Whatever happens, it should be a
• 1:36:27
  Speaker 1: great game. We've got two of the best strikers in
• 1:36:29
  Speaker 1: the world on the pitch between you know, between Norway
• 1:36:34
  Speaker 1: and England. I just think the rest of the team
• 1:36:38
  Speaker 1: England is far bat I think Bellingham. There's just nobody
• 1:36:41
  Speaker 1: like Bellingham on any team really. I mean, I think
• 1:36:44
  Speaker 1: he's a phenomenal player as a midfielder and he just
• 1:36:47
  Speaker 1: he just is. The amount of work he does on
• 1:36:49
  Speaker 1: the field and the amount of kind of the way
• 1:36:53
  Speaker 1: he manages, if you will, the field is pretty amazing.
• 1:36:57
  Speaker 1: But whatever happens, it should be. It should be a
• 1:37:00
  Speaker 1: great game. And again, two of the best strikers in
• 1:37:04
  Speaker 1: the world, and so the question really is going to
• 1:37:07
  Speaker 1: be how good is everybody else around them? Uh, we'll
• 1:37:11
  Speaker 1: find out. Uh. You don't win You don't win soccer
• 1:37:16
  Speaker 1: games on in the chat. You don't win soccer games
• 1:37:19
  Speaker 1: on paper. You don't win soccer games by listing players.
• 1:37:23
  Speaker 1: You win soccer games on the pitch. We're gonna go
• 1:37:26
  Speaker 1: on the pitch or the god is in the same
• 1:37:33
  Speaker 1: bracket as Bellingham. Okay, we'll find out. Uh is Catholicism,
• 1:37:41
  Speaker 1: this is Michelle. It's Catholicism the religion that wants the
• 1:37:46
  Speaker 1: more to control society in my life. Or is it Islam?
• 1:37:52
  Speaker 1: I mean right now in the world today, it is Islam.
• 1:37:55
  Speaker 1: There's no question in its origin and it's fundamentalist manifestation.
• 1:38:07
  Speaker 1: There's not a lot of difference between them. And arguably
• 1:38:13
  Speaker 1: Catholicism is more anti life and Christianity generally more anti
• 1:38:19
  Speaker 1: life than Islam. And one attitude towards that it is
• 1:38:24
  Speaker 1: just is each one's attitude towards sex. You know, I
• 1:38:28
  Speaker 1: don't think Islam has original sin. Judaism doesn't have original sin.
• 1:38:32
  Speaker 1: Only Christianity as original sin, and original sin is nasty.
• 1:38:36
  Speaker 1: It's really, really, really bad. So but again Christians don't
• 1:38:40
  Speaker 1: take it too seriously so in the way they manifest today,
• 1:38:43
  Speaker 1: even among the Catholics. It's not that harmful. It is,
• 1:38:49
  Speaker 1: but it's it's not at the level of Islam, which
• 1:38:51
  Speaker 1: which is really a disastrous religion and leads people to
• 1:38:56
  Speaker 1: violence right now and to oppression and to treat women horribly.
• 1:39:02
  Speaker 1: You know, it's not like Christianity teats women. Well, if
• 1:39:05
  Speaker 1: you all Christians at least, I think about this preacher
• 1:39:09
  Speaker 1: in the US who is a strong advocate not allowing
• 1:39:12
  Speaker 1: women to vote. That's just the beginning of I think
• 1:39:16
  Speaker 1: their attitude towards women. Right, it starts with don't let
• 1:39:19
  Speaker 1: them vote? But what else does it entail? But yeah,
• 1:39:23
  Speaker 1: there's a I mean, you can do a whole show
• 1:39:26
  Speaker 1: on the differences between the religions, but you have to
• 1:39:30
  Speaker 1: separate out the religions as they were conceived, whatever the
• 1:39:33
  Speaker 1: hell that means, and as they are practiced today. And
• 1:39:37
  Speaker 1: Islam is much worse than Christianity as its practice today,
• 1:39:42
  Speaker 1: no question about that. Matt. Whoops, what is going on here?
• 1:39:51
  Speaker 1: Matt says, Mayran pipeline was straight from Lex Friedman. Now
• 1:39:55
  Speaker 1: you've broken and fixed my brain to such a degree
• 1:39:58
  Speaker 1: I can no longer watch Lex m all right, I
• 1:40:03
  Speaker 1: I I love hearing about your pipelines, guys. I love
• 1:40:06
  Speaker 1: hearing about how you got to the round book show. Uh, so,
• 1:40:12
  Speaker 1: Lion says intermediary Domino steps of is to YBS, Mike
• 1:40:17
  Speaker 1: did a video about Brian Kaplan. Wow, Mike did a
• 1:40:23
  Speaker 1: video about Brian Kaplan. Uh That led to so formed
• 1:40:28
  Speaker 1: debate of me and Brian Kaplan. You're on debating YBS fan. WHOA, Wow,
• 1:40:36
  Speaker 1: that's amazing. But I didn't realize that Brian Kaplan was
• 1:40:43
  Speaker 1: part of a domino to get to me. That's great.
• 1:40:50
  Speaker 1: Why hasn't is it all done? Any shows about me?
• 1:40:57
  Speaker 1: He does one on Brian Kaplan, but not about me.
• 1:40:59
  Speaker 1: I'm I'm aggrieved. I'm vindick, Vindick, Vendez or whatever it says.
• 1:41:09
  Speaker 1: I got to you. I ran through Ben Shapiro seven
• 1:41:11
  Speaker 1: years ago or so years ago, that's right, Yeah, Matt says,
• 1:41:24
  Speaker 1: give me only say over Bellingham any day of the week. Yeah.
• 1:41:28
  Speaker 1: I mean, look, Fans is probably Frans has the best team,
• 1:41:30
  Speaker 1: There's no question. We'll see how they do against Spain,
• 1:41:34
  Speaker 1: because I think the one team that can challenge Fans
• 1:41:37
  Speaker 1: is Spain and and and the only you know, the
• 1:41:42
  Speaker 1: only other team that can beat France in my view
• 1:41:45
  Speaker 1: is Argentina. Not because Argentina is better, but because Argentina
• 1:41:50
  Speaker 1: has Messi, who throws the whole game. You know, is
• 1:41:55
  Speaker 1: a can change an entire dynamic of a game. So
• 1:42:01
  Speaker 1: I really think this is about Spain, France or Argentina.
• 1:42:06
  Speaker 1: Ultimately we'll see right game game by game, and France
• 1:42:10
  Speaker 1: is the best team right over a long period of time.
• 1:42:15
  Speaker 1: It's likely France wins more games. I don't think Noway
• 1:42:19
  Speaker 1: will win and uh again, Spain. Spain played beautiful football
• 1:42:26
  Speaker 1: yesterday and and they're a very talented team. They just
• 1:42:29
  Speaker 1: don't have as many weapons as Fans does. I mean,
• 1:42:31
  Speaker 1: the France front four unmatched in the world, and they
• 1:42:35
  Speaker 1: have a great defense, I mean across the board. It's
• 1:42:38
  Speaker 1: just it's just a great team. And those two teams,
• 1:42:42
  Speaker 1: France and Spain just on a on a on a
• 1:42:45
  Speaker 1: team basis, and there's a number of superstars they have.
• 1:42:48
  Speaker 1: There's no team in the world that matches those two teams.
• 1:42:51
  Speaker 1: That is going to be a great semi final. Spain
• 1:42:55
  Speaker 1: Spain France. That is going to be the game I'm
• 1:42:58
  Speaker 1: really looking forward to because they are so good, both
• 1:43:01
  Speaker 1: those teams and so explosive. And you got on one side,
• 1:43:04
  Speaker 1: and you got your Mien on the other side, your
• 1:43:07
  Speaker 1: Meal on the other side, and you've got you've got
• 1:43:11
  Speaker 1: what's his name only say, uh the financial Ali say
• 1:43:17
  Speaker 1: on the French side, and you know it's yeah. I mean,
• 1:43:19
  Speaker 1: those are just that is just a great, a great,
• 1:43:23
  Speaker 1: a great team. Yep. Anyway, we're gonna find out, right
• 1:43:31
  Speaker 1: or eved Is going to find out either this round
• 1:43:34
  Speaker 1: or next round. At some point he's going to find out.
• 1:43:36
  Speaker 1: Whether you don't know where he can actually win the
• 1:43:39
  Speaker 1: World Cup. I doubt it. Uh yeah. They also have
• 1:43:45
  Speaker 1: them ballet who's really good. They have a lot of
• 1:43:49
  Speaker 1: I mean, Francis is overwhelming. It's just just this overwhelming
• 1:43:52
  Speaker 1: intermerce of a number of good players they have. Remember
• 1:43:56
  Speaker 1: Francis Spain played in the European Final, Spain one. This
• 1:44:00
  Speaker 1: last time. I think Fans has won. I mean, since
• 1:44:02
  Speaker 1: twenty ten, Fancis Pain have been the two dominant teams
• 1:44:06
  Speaker 1: in the world. All Right, Ryan says, I'm reading Hanania's Castocracy.
• 1:44:15
  Speaker 1: Will you thanks to objectivism? I can see his mixed
• 1:44:18
  Speaker 1: of pistemology, but it's still interesting to read his views. Yeah,
• 1:44:21
  Speaker 1: I mean, I just actually just put it on my
• 1:44:23
  Speaker 1: wish list. I got, you know, the next few weeks,
• 1:44:28
  Speaker 1: the next two weeks, I just dominated I've literally got
• 1:44:31
  Speaker 1: to do a show for you guys. Every day I'm
• 1:44:33
  Speaker 1: doing a seminar with Don in Austin for Business on Capitalism,
• 1:44:38
  Speaker 1: eight hour seminar with Don, and then I'm doing two
• 1:44:42
  Speaker 1: courses eight hours each for Peterson Academy that I have
• 1:44:46
  Speaker 1: to prepare for. I have to create these courses. I've
• 1:44:48
  Speaker 1: never done these courses before. That is all consuming. So
• 1:44:52
  Speaker 1: I'm not gonna do Hanania until after that. But it
• 1:44:55
  Speaker 1: is on my reading list to do basically after Peterson
• 1:44:59
  Speaker 1: Academy while I'm in Europe. That would be a good
• 1:45:03
  Speaker 1: book to read, all right, And Matt says, and I
• 1:45:10
  Speaker 1: was at the Soho Forum debate excellent. So Matt was
• 1:45:15
  Speaker 1: also at the sol Forum debate, which I won shockingly.
• 1:45:18
  Speaker 1: I didn't think I would win that one, but I
• 1:45:20
  Speaker 1: won that one.
• 1:45:20
  Speaker 3: All right.
• 1:45:25
  Speaker 1: I will see you guys tomorrow where we can discuss
• 1:45:29
  Speaker 1: with Nikos the events of today, or even can come
• 1:45:34
  Speaker 1: and gloat or not, as the case may be. We
• 1:45:37
  Speaker 1: will find out and we'll see, we'll see, all right, guys,
• 1:45:47
  Speaker 1: have a great rest of your weekend. I hope you
• 1:45:51
  Speaker 1: enjoyed the show today. Don't forget to go to Patreon
• 1:45:53
  Speaker 1: and support the show, particularly those of you are not
• 1:45:54
  Speaker 1: live and yeah, I have a great those of you
• 1:45:59
  Speaker 1: like football soccer, have a great rest of your day.
• 1:46:02
  Speaker 1: I mean, these are gonna be two great games no
• 1:46:05
  Speaker 1: matter who wins. They're gonna be. I think they're gonna
• 1:46:07
  Speaker 1: be really really good games, so I'm excited. Bye everybody,