 Why'd you just yell I don't know I don't know I mean the best kind of arguments arguments like this way, you know stuff happens and people suffer and stuff will happen and people will suffer and that's life The idea that life is riskier under capitalism. I Mean what we've exchanged in our modern society is we've exchanged growth and and I think prosperity and a lot of things for a safety net a vast safety net that keeps us all comfortably mediocre and And doesn't challenge us to do any better. So I think I you know, so I think it's it's yeah capitalism is riskier Capitalism you you rise and you fall faster Right people change people who are poor can become rich people are rich can become poor very quickly Relatively speaking in the 19th century used to be said from from short sleeves to short sleeves in In two generations right first generation makes it the second generation loses it And then within one generation often people made lost made lost and more than once because it was a real dynamic capitalistic But and there is no example. I mean, I don't know of any really don't know of any There's no planned managed economy in the world all in all of human history that's been successful and There's no free market where property rights were properly protected that has been a failure It just hasn't happened. I Mean to me it's like the law of gravity It just is right. It just is now granted a different species might have different system But we as a species that where we are designed with reason Requiring what is the enemy of reason? What's the thing that that that constrains? One's ability to think No ideologies a framework for reasoning it might be good. It might be bad But what really stops thinking in what sense do you think over time? Oh, you don't have enough time Yeah, well, yes, but what would what would make the time so narrow what really? If I put a gun to the back of your head you can't think There's no point in thinking you have to do what I tell you it's you follow my orders or else I pull the trigger And in order to live you stop thinking you can't think and that's true of all authority Right if you're living in the 15th century and you want to do science you can't You can't think about science because the consequence of any science is boning at the stake Or if you're lucky house arrest in gala Lewis case So there's an authority with a gun placed at the back of your head. So you don't think To have progress to have success what we need is to remove the gun and Let reason flowy so as long as reason is the tool by which we know the world Then we have to have freedom. There's just no alternative Yeah, you want to follow up sure. I mean this is voodoo economics at best. I don't know You know it's complete nonsense What drives an economy? What drives any kind what resulted in the spike up right more consumers? I mean Is there any ever a problem if you had money in your pocket to get you to consume? Consumption is easy consumption is never the problem. What happened that drove wealth that way production The the primary in economics is the producer. It's the entrepreneur. It's the businessman. It's making and building stuff How do you consume? one you have to work first or Somebody has to work so we can steal his money and give it to you But somebody has to create the values for you to consume and then what are you consuming stuff that somebody made? So on both sides of the transactions is stuff that production Consumption is the minor part of the economy this this idea that consumption is 70% of the economy is bizarre Yes, I understand the math that they get to that, but it's not real. It's always actually so So let's take from this group and give to this group and encourage them to consume How does that work? How does that increase? How does that make us better of the stimulus packages? Right, we take this group give to it's it's all nonsense the core if you want economic growth It's to encourage entrepreneurship and business investment Consumption always follows consumption is never a problem. You get money in my pocket. I'm out there buying stuff But how do I get money in my pocket? By producing something by creating something and selling it trading So I have to produce in order to consume It's a it's it's in my view. It's a huge mistake to put the consumer as primary in economics It's the producer who's the primary in economics You know did I know I wanted an iPhone? Before I got one people talk about job-satisfied consumer demand. There was no consumer demand for the iPhone zero. I Challenge you to find somebody who even imagined that this existed could exist and would want it if it existed No, one Steve Jobs made it and showed it to me. I went whoa. I want one of those But first he had to make it and show it to me So if you want to get economic growth going you have to support the producer It's not about the consumer and just printing money and handing it to people that's not real right that is Prices will rise and nothing will happen. You haven't created anything. You've printed pieces of paper That's not wealth wealth is not pieces of paper By the way, if anybody has an objection to capitalism, I'm eager to hear it