 It's not because of city ordinances. It's primarily because of the self-interest of the builders, the self-interest of the insurance companies, the self-interest of the people who live in these buildings. Nobody has, nobody has an incentive to watch one of these buildings collapse, to be in one of these buildings as they collapse. So first we have to realize how rare an occasion this is, how rare of an occurrence this is and how unusual it is. And before we start asserting responsibility and blaming the system and blaming contractors and insurance companies and landlords and tenants and all of this stuff. The first thing you have to do is observe how unusual this is and how the system, in terms of building safe buildings, works pretty well, works pretty well. Buildings that we live in are unbelievably safe. And the fact that we all take their safety for granted, even though we might go up in New York in the 60s, 70s story building and we don't think twice about it, is a testament to modern, to what's left of capitalism and freedom and the fact that we have a high level of trust in our society, which is what you get in freedom. In freedom you have a high level of trust. What you're trusting is the self-interest of the other party. What you're trusting in is the good, the fundamental goodwill that people have that fundamentally people are not about cheating, cutting corners and not caring about consequences. That's not what most people are about. Even as many people on the left assume that about them. Now let's look at what actually happened in Florida. I know we don't have all the details and it's going to be interesting to monitor the story and see what happens. It looks like about three years ago, an engineer warned the Condo Association that there was significant damage in the foundations around the pool area and in the garage. Now, actually before we get to that, how are these buildings? Who owns these buildings? I mean, who owns the building? Well, the people who own the building in Florida people who own the building that I live in in Puerto Rico are the tenants, other people who live there or at least the people who own the apartments, the condos there. So you buy a condo and part of the price you're paying is you're paying for the shared space in the condo and you pay an association fee. And my association fee in Puerto Rico is very, very high. It's much higher. It's 20 times, almost 20 times higher than what I paid the association fee in a gated community in California. And the reason for that is in the gated community, first of all, the gated community was massive. So there were a lot of people paying a small amount and that was enough to take care of the roads and to take care of the common spaces. A condo is relatively small. There are far fewer units. So the cost of maintenance is sped over a few people and therefore the cost is high. But part of what you pay when you buy a condo is for that common space. And then on a monthly basis, you're paying for its maintenance and upkeeping and for insurance. The building has insurance and for any fixing, any structural damage that might occur to the common areas. What are the common areas? Well, it's the lobby is placed like that. But more fundamentally, what are the common areas? More fundamentally, the common areas are the foundations. Are the foundations of the building, the garage, the columns, the things that everybody in the building relies on, rely on to keep the building up. So that's who owns the building. It's the you know, I got accused of it's the accusation was I said that. Well, we'll get to what I said in a minute. Anyway, so the condo association is usually a board that the owners of the condo vote and appoint people to this board and this board manages the common areas. And when there's an important decision to be made about spending money or about new policies, by the way, our condo buildings as a pretty thick, you know, guides and policies, what you can do, what you can do. The board, for example, in our building has decided you have to work, you know, that you're covered you have to wear a mask in the common areas. And they decide kind of on pool hours and how they how the gym is run. And they, you know, the money that we pay monthly pays for the gym and all and pays for the cleaning and pays for all of that. So the board is elected by the owners and the owners of the condominiums are the ones that are responsible now for the maintenance of the entire building. Three years ago, the owners of the building, the board was told that there was significant structural damage in the foundations of the building. And they were given an estimate of what it would cost to fix it. That estimate would it was it was significantly higher than the amount of money that the condo association actually had on reserve. Most condo associations have reserves to cover kind of regular maintenance issues. So they would have had to have a special assessment. They would basically had gone to every condo there and you would have had to write a ten thousand dollar check or whatever it would have been to the association. They would have pulled all the money and use that money to fix the building. Now, during that same time that I guess this this construction engineer told them that that there was a that there were these foundational problems. The there was also a government inspector. I read this and I, you know, again, I don't know how accurate this is. The government inspector who told them, well, but it's safe for now. Don't worry, it's safe. Now, Sam Seder, during the interview, said to me, they were warned by both the government's inspector and private inspectors that there was structural damage. And I said, if they were worn, why didn't they do anything about it? And if they didn't do anything about it, then aren't they the ones responsible for what happened? And don't you want the people who are making the decision? The owners, they should be at the cost. Right. The cost financial. And if they don't do the action, then they bear the cost. And in this case, tragically in lives. So what happened? You had people who they basically decided not to act, not to act. They decided to not fix the problem. Or they decided to delay and they got into arguments. How much should they pay? Who should do the work? Which condo should pay how much? Now, it's not true that most of the apartments in this condo building will rent us. Most of the people in the condo building own their condos. They were the ones fighting it out. They were the ones disagreeing. They were the ones who delayed fixing the building. So who's responsible? And how do you fix that? Well, I know you fix it by cursing them, forcing them. Or maybe what you could do is the government could pay for fixing the building. And the government could just pay for fixing all buildings. Or maybe you could force them to fix the building. What if what if one of the condos doesn't have the money to pay for it? Well, then you I don't know. You force them into bankruptcy or something. So Sam Saydo and the left's attitude towards this is it just shows that we don't force people to take care of themselves enough. And my attitude is this is this is tragic. It's a consequence of the inaction of the building owners. They paid the price, the ultimate price, as horrific and as sad, as horrible as that is. They paid the price. If there were some renters there who weren't aware of what was happening, it's sad, it's tragic that they died. The fault is on the owners who didn't fix, who didn't do the fixing, who argued and debated instead of acting. But the solution is not government. The solution is for all of us to learn the lesson. If somebody tells you there's a problem with your building, it's structural. And it might, you know, then do something about act, fix it. Don't put yourself into a position where you will die. Or people you rent apartment to will die. Nobody wants the renters to die. So there's a lesson learned here and the lesson learned here. Don't procrastinate about things that are crucial to life. Don't procrastinate about your health. When a doctor tells you you have to do XYZ, don't procrastinate about any aspect of your life. Make the most of it. And to do that, you have to act. And so the people who died for the most part, again, there were children there. They were innocent completely. But you know what? Children suffer the consequences of the bad behavior of their parents. And most of the people who died are owners who participated in this debacle, who are part of the problem in a sense that they didn't solve the structural issue. They didn't commit to paying the money that they needed to do it. I don't know why that's so controversial. And the solution is not more government regulation. What we need today, what I called a 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, whims or mystic revelations. Any man or woman who values his life and who does not want to give in to today's cult of despair, cynicism and impotence and does not intend to give up the world to the dark ages and to the role of the collectivist broods. All right, before we go on, reminder, please like the show. 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