 What Ayn Rand does is she challenges that monocode. I think that's a great contribution Ayn Rand says The monocode says that I should live for other people But not just help other people not just make other people better off because business does that the best What the monocode actually says the modern monocode in the last two thousand years at least says is that I should suffer for the people I should sacrifice myself for other people. I should make myself worse off for other people And she asked a simple question Why? Why should anybody live like that for somebody else? Because it's written in a book Because some philosopher told us But what is his reasoning? And there is no answer for the why other than we have decided We have accepted So but why is dying for other people a good why in morality do we view that as good So is a lot of things in life are hard Yeah, but why is why is morality about what's hot What is it about morality which says the good versus evil good versus bad? This is what you should do versus. This is what you shouldn't do. Why should you do what's hot? What is the value of hardness for whom is the value of hardness? Religious You know, there's no question that the source of the morality is religion Ultimately Christ dies the most horrific death possible for whom Yes, since that he committed for sins all of us committed From somebody else's sins he dies, right? So the source is ultimately religion But it still begs the question of why Red would argue I would argue that there is no logical rational reality-based reason Then at the end of the day what morality should be is what Aristotle view morality is morality for Aristotle was not About how to suffer for other people. It's not how to sacrifice yourself. It's not how to Inflict to do something hard for the sake of doing something hard morality for Aristotle was a guy to how to live How to live the best life you could live How to achieve what he called you domineer, which is I know I'm butchering the You know how I'm pronouncing it, but it meant happiness flourishing Living a full life as a human being living the best life that you could for you comes to the same conclusion morality It's not about he starts with a fundamental question How should I live other animals have a genetically coded would they know exactly what to do? They know when to do it how to do it. We don't say that's immoral to an animal because they have no choice They're programmed they're coded we need to choose We have the ability to guide our lives. What's good for us? I mean, we still don't know even materially what's good for us. We don't know what food to eat I mean depends which doctor which nutritionist you talk to right is fat good for us a bit fat bad for us I'm on the good first this month. I don't know about next month. I'll read another study and I'll convince me that Even at the level of a material survival is so complicated that we are not sure what to eat and what not to eat But in terms of ideas what in terms of action in terms of what we should do on a day-to-day basis What leads to goodness and what leads to that? What is going to result in a flourishing successful life and what is going to result in a horrible Offering so that is the fundamental choice that we have is to live or not to live Morelle should be ethics should be a science in Aristotle's sense of Figuring out what are the actions? What are the values and virtues that we should adopt that lead to a successful Flourishing prosperous successful life as a human being and that's the project ran Engages and she Proposes some ideas, right? What's that? What's the most important thing we should be pursuing as human beings and don't deliver successful life? What is it that makes everything around us possible? What is it that makes entrepreneurs possible? Freedom is a consequence vote before freedom freedom to do what? Well, no, it's the ability to think it's our ability to use our minds Yes, you have to have the right to do it, but that's politics. That's way downstream from morality You have to start with what makes it possible for us as individuals to live and what makes it possible for us as individuals to live Is a capacity to reason a capacity to know the world to know reality to apply reason to rearrange it for a benefit? To figure I mean to entrepreneurship starts with an idea and with a solution all that requires the application of human reason To a problem, you know, it's not just the thinking it's then We got to do something with the thinking to be productive. We got to apply the thinking we got an exit act on the thinking So for ran for her idea Her idea of morality is an idea of egoism of self-interest It's an idea of the purpose of life The purpose of morality is to help me live the best life I could have to provide me the principles To live the best life I can live for myself Starting with thinking with reason Acting to sustain my life, which means productive activity means being productive Now she has other virtues that include honesty and integrity and others But those two are key for the discussion we have on entrepreneurs because what are entrepreneurs do? They're thinkers They're rational to the extent that they're successful. They're using reason. They're observing reality. They're integrating the facts They coming up with new ideas. They have to think for themselves. If they just copy other people They're not gonna make a lot of money. They're not gonna be successful. They're not gonna build successful businesses They can only build successful businesses by coming up with original ideas that are theirs It is and manifest them in reality and execute and build and create for recognition They are all They're the good guys They're the mother traces They're the ones who should be sainted They're the ones who are ultimately the bad factors of mankind for the culture the suspicious Because they're self-interested and what do we know about self-interest? What do we be taught again since we were this small about self-interest? It's bad It's a sin and what behaviors are associated with what do we associate with self-interest? They limit the cost of others absolutely they lie steal cheat they exploit they take advantage of people They'll do anything to get their way and they don't trade with others. They exploit others. They take advantage of others They don't sacrifice for the people they expect other people to sacrifice for them Now if that not think of that That's the bucket the fire, you know in our mind with fire folders the file that has on itself ish Or self-interested or egoist says lying cheating stealing living at the expense of others Then we have a file called businessman or entrepreneurs and in that file. It says egoist self-interested Which means? lying cheating stealing living at the expense of others Now what do we do to people that we think are gonna lie steal a cheater gonna live at the expense of others Well, we want to control We want to make sure we want to catch them. We want to we have to regulate them We have to look over their shoulders. We have to know everything that they do because we know They can be cheating. They can be lying. They can be stealing Everybody remember Fox News used to have this guy called bill O'Reilly bill O'Reilly is pretty famous internationally is obnoxious interviewer So I remember 2002 I was on the show and he wanted to fire every CEO in America Why? Because there were a few crooks that will cause you remember and Ron and world calm There were a few of these scandals and he said well, of course. He said all CEOs of crooks Because they were all self-interested and We should fire them all preemptively. We know that crooks just fire and everybody Because that's we're conditioned to that that we associate business entrepreneur with self-interest We associate self-interest with lying stealing cheating. That's what you get. We have to because we know we know That if we don't have food inspectors McDonald's is gonna poison us We know that if you don't have elevating expectors all those elevators gonna drop and kill us Because we know that they live by exploiting other people and As much as we teach people about economics we teach people about trade we teach people about win-win transactions We can't get underneath which is where the ethics are which is more morality is where they don't trust They don't trust the system. They don't trust the people They don't trust entrepreneur because it's unethical because we were taught since we were very little that it's a sin So I would argue to all of us in the kind of a free-market world trying to change the world Then we're gonna have to challenge these ethical beliefs to get anywhere It's not enough to do the economics and the politics We also have to challenge these beliefs about morality these beliefs about self-interest if we're going to be successful The world the world today presents us with two alternatives in morality. You can either sacrifice Suffer that live fathers or you could be a lying cheating stealing SOV I Suggest as a third alternative And that is that your rational productive Egoist who is focused on his own happiness But doing so by producing by creating by building and by making the world a better place Not because that's your intention, but because that's the outcome because nobody will trade with you otherwise because trade is a win-win and The more we maximize trade the more everybody wins And then that's what egoists do And I think if we can change that more paradigm then of your entrepreneurs of your capitalism and of your freedom We'll shift this one Thank you What we need today what I called in new intellectual would be any man or woman who is willing to think Meaning any man or woman who knows that man's life must be guided by reason By the intellect not by feelings wishes women's or mystic revelations Any man or woman who values his life and who does not get want to give in to today's of the spare cynicism and impotence and does not intend to give up the world to the dark ages and to the role of the collectivist Using the super chat and I noticed yesterday when I appealed for support for the show many of you step forward and actually Supported the show for the first time. 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