Interview with Thomas McQuade

01:03:28
https://www.youtube.com/watch?v=bASYfQWpQzE

Summary

TLDRIn this video, James Allen introduces his mentor, Thomas McCade, who has been pivotal in shaping Allen's understanding of key concepts like decentralization, autonomous organizations, and bottom-up innovation, especially in relation to blockchain and internet computers. McCade, with his rich background in computer science, business, and economics, emphasizes the importance of local solutions, competition, and innovation over relying on centralized political systems. He discusses anarchical capitalism, where market forces rather than government provide security and legal services. Throughout, McCade expresses skepticism about political solutions, advocating for decentralized, competitive models to solve social and economic issues. He highlights the shortcomings of government funding in climate science and argues for the potential of competition to spur innovation. The conversation touches on climate change, economic policy, and the evolving role of blockchain technology in creating decentralized, autonomous organizations (DAOs).

Takeaways

  • 🎯 Mentorship is crucial for growth; Thomas McCade influenced James Allen's understanding of decentralization.
  • 🌐 Blockchain technology embodies principles of decentralization and can reshape industries.
  • 🏛️ McCade warns against looking to political systems for solutions, advocating local and competitive approaches.
  • 💡 Competition fuels innovation, as it compels improvement and efficiency.
  • 🌍 Climate science bias is driven by governmental funding, highlighting a need for balanced research.
  • 🏢 Anarchical capitalism presents a unique system where market forces manage law and security.
  • 🛤️ Bottom-up innovation involves individuals identifying and solving localized problems effectively.
  • 📉 Government handouts are criticized for fostering dependency without addressing underlying issues.
  • 👥 Thomas McCade brings unique insights as a computer scientist, economist, and former businessman.
  • 🔍 Further exploration needed in areas like education and blockchain technology's future impact.

Timeline

  • 00:00:00 - 00:05:00

    James Allen introduces a special day highlighting his mentor, Thomas McCade, and his contribution to topics like decentralization, which align with modern blockchain themes.

  • 00:05:00 - 00:10:00

    Thomas McCade shares his background in computer science, business, and economics, discussing his move from academia to entrepreneurship and his ongoing research.

  • 00:10:00 - 00:15:00

    Thomas's recent work with a longstanding research collaborator is discussed, focusing on social structures, institutions, and Thomas' personal career achievements.

  • 00:15:00 - 00:20:00

    The conversation shifts to political dissatisfaction, alternating between centralized political solutions and local, decentralized problem-solving innovations.

  • 00:20:00 - 00:25:00

    Thomas argues for decentralized solutions, advocating competition and local innovation over centralized government intervention.

  • 00:25:00 - 00:30:00

    The interview delves deeper into the concept of decentralized solutions as a means to foster innovation and avoid governmental monopolies.

  • 00:30:00 - 00:35:00

    Thomas explains that competition in a decentralized environment leads to innovation, touching on the concept of bottom-up innovation.

  • 00:35:00 - 00:40:00

    The discussion transitions to the perceived incapability of political systems to solve individual and local issues effectively.

  • 00:40:00 - 00:45:00

    The conversation critiques political reliance on government to solve economic issues, favoring decentralized and competitive economic systems instead.

  • 00:45:00 - 00:50:00

    The discussion reaches climate change, spotlighting skepticism regarding governmental interventions and the scientific consensus about human impact.

  • 00:50:00 - 00:55:00

    Thomas discusses climate science, emphasizing complexities and limitations of current models while questioning political motives and incentives in climate research.

  • 00:55:00 - 01:03:28

    The discussion concludes on the philosophy of letting systems work out naturally under a free-market regime, with proper check systems like law and security.

Show more

Mind Map

Video Q&A

  • Who is Thomas McCade?

    Thomas McCade is a computer scientist, businessman, and economist who has influenced James Allen's views on decentralization and innovation.

  • What are some key points discussed by Thomas McCade?

    McCade discusses concepts like decentralization, autonomous organizations, local solutions, the failings of political structures, and anarchical capitalism.

  • What is the relationship between blockchain technology and decentralization mentioned in the video?

    The video highlights blockchain technology as a tool for decentralization, allowing for bottom-up innovation and competition.

  • What is Thomas McCade's view on current political solutions?

    McCade expresses skepticism about political solutions, advocating instead for localized and competitive approaches to solving problems.

  • What does McCade suggest about the government's role in climate science?

    He suggests that government funding creates biases in climate science, leading scientists to produce work that aligns with government expectations for grants.

  • How does McCade see competition in relation to innovation?

    He views competition as essential for fostering innovation, as it pushes individuals and businesses to improve and succeed.

  • What is anarchical capitalism according to the discussion?

    Anarchical capitalism is a system where security and legal services are provided through market competition rather than by the state.

  • What is James Allen's involvement with internet computer?

    James Allen is a developer and influencer for internet computer, which builds on concepts of decentralization and blockchain.

  • How does Thomas McCade interpret bottom-up innovation?

    He interprets it as innovation that emerges from individual and community level efforts rather than top-down directives.

  • What are McCade's thoughts on government handouts?

    He criticizes government handouts for fostering dependency and not addressing the root causes of issues.

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Subtitles
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  • 00:00:00
    what's going on my misfits this is James
  • 00:00:02
    Allen uh today is a very special day uh
  • 00:00:05
    both for internet computer and for
  • 00:00:07
    myself because uh I feel like a lot of
  • 00:00:09
    you guys uh are getting to know me more
  • 00:00:11
    and more and uh today I get a chance to
  • 00:00:13
    show you guys one of my mentors who uh I
  • 00:00:16
    deeply
  • 00:00:17
    respect and ironically we all know uh
  • 00:00:20
    internet computer is about
  • 00:00:22
    decentralization uh autonomous
  • 00:00:25
    organization bottomup Innovation and
  • 00:00:28
    ironically um my here Thomas McCade uh
  • 00:00:32
    he's thought me about all these things
  • 00:00:33
    even before uh internet computer was
  • 00:00:37
    released so I figured um I'd have uh I'd
  • 00:00:41
    have you hear it from the horse himself
  • 00:00:45
    right because uh I feel like a lot of
  • 00:00:47
    the stuff I tell you guys uh it's
  • 00:00:48
    second-handed from him so why not let
  • 00:00:51
    him tell you directly so I figured the
  • 00:00:54
    best way to start is by uh letting
  • 00:00:56
    Thomas introduce himself he is a
  • 00:00:58
    computer scientist a businessman and an
  • 00:01:01
    economist so quite a triple whammy and
  • 00:01:03
    ironically again it's super relevant for
  • 00:01:06
    everything crypto related because when
  • 00:01:07
    you think about it blockchain is about
  • 00:01:09
    computer science blockchain is about
  • 00:01:11
    business and blockchain is definitely
  • 00:01:14
    about economics given the cryptocurrency
  • 00:01:16
    situation so uh without further Ado uh
  • 00:01:19
    Thomas please introduce yourself I think
  • 00:01:21
    we all want to know about
  • 00:01:23
    you okay well thank you James um I have
  • 00:01:27
    to say this is the first time I've been
  • 00:01:28
    interviewed um I'm much I'm much better
  • 00:01:31
    at writing than in talk than in talking
  • 00:01:34
    so I'm sure you'll jump in when I uh
  • 00:01:36
    start stumbling
  • 00:01:39
    around um well about me um well I was
  • 00:01:43
    born in Ireland grew up in Australia
  • 00:01:45
    went to school there did my uh PhD in
  • 00:01:49
    computer
  • 00:01:50
    science um came to the United States to
  • 00:01:53
    work in uh in a a large computer
  • 00:01:57
    company's uh development uh plants uh in
  • 00:02:02
    California um and uh I was developing
  • 00:02:07
    computer language a computer language
  • 00:02:09
    for uh for systems writing system
  • 00:02:13
    software there but I left that to start
  • 00:02:16
    to uh toh go into a small um company in
  • 00:02:21
    Los Angeles and uh pretty soon after
  • 00:02:24
    that formed uh my own company with a
  • 00:02:27
    friend um to do uh produce software for
  • 00:02:32
    uh ticketing and fundraising
  • 00:02:35
    applications for sports uh
  • 00:02:39
    venues so that uh that company as was
  • 00:02:42
    called pyol and systems it's uh it's
  • 00:02:44
    still in existence 44 years later um I
  • 00:02:48
    sold my uh share of it in 199 it was
  • 00:02:52
    started in 1980 I sold my part in n in
  • 00:02:58
    1990 and uh
  • 00:03:00
    I'd been taking some courses at a uh at
  • 00:03:03
    a private uh school in Los Angeles
  • 00:03:06
    called the free enterprise Institute and
  • 00:03:07
    that got me interested in economics so
  • 00:03:10
    uh so I went back to school um strangely
  • 00:03:14
    in norburn Alabama um to uh to get my
  • 00:03:18
    PhD in
  • 00:03:20
    economics and from there I uh became an
  • 00:03:23
    e economics professor for several years
  • 00:03:26
    and uh I left uh professional Academia
  • 00:03:31
    to be a independent researcher um right
  • 00:03:34
    about 2004 there about uh is it uh was
  • 00:03:39
    it a I think he's still is Senator
  • 00:03:41
    tuberville I think he's uh he's a coach
  • 00:03:43
    at your school uh where you studied uh
  • 00:03:46
    economics well I didn't know him but I I
  • 00:03:49
    certainly probably failed a lot of his
  • 00:03:51
    students
  • 00:03:55
    so oh that's
  • 00:03:58
    hilarious he's a bit of a
  • 00:04:00
    right now Senator duville yeah yeah yeah
  • 00:04:03
    yeah he's a
  • 00:04:05
    politician oh that's hilarious U I'm
  • 00:04:08
    surprised you didn't tell um uh my
  • 00:04:10
    Misfits so my audience their Misfits um
  • 00:04:12
    I'm surprised you didn't tell my Misfits
  • 00:04:13
    that you also thought it NYU I that's
  • 00:04:16
    that's that's a pretty oh yeah um yeah
  • 00:04:18
    when I uh when I got my economics degree
  • 00:04:21
    I went to Trinity College in Connecticut
  • 00:04:24
    as a professor and then to uh then did a
  • 00:04:28
    small a couple of years of visiting
  • 00:04:31
    professorship at uh at NYU in New York
  • 00:04:35
    City and uh from but uh I've I've been a
  • 00:04:41
    research an economics researcher or a
  • 00:04:43
    social science researcher ever you know
  • 00:04:45
    ever since then um I haven't stopped
  • 00:04:48
    doing research work um and uh I usually
  • 00:04:53
    publish with a friend of mine who was
  • 00:04:56
    the professor of Economics to Trinity
  • 00:04:58
    College um
  • 00:05:00
    and uh we've worked together for the
  • 00:05:02
    last 20 years or so 20 well more than 20
  • 00:05:06
    years um and uh last year we published a
  • 00:05:10
    book on our research
  • 00:05:14
    that's systems okay after Frederick
  • 00:05:18
    Hayek yes after Frederick Hayek Research
  • 00:05:21
    into the structure of social interaction
  • 00:05:23
    yeah I should definitely read this I
  • 00:05:24
    didn't know this was out actually um you
  • 00:05:26
    never told
  • 00:05:30
    sorry but yeah it's been night for a
  • 00:05:32
    while yeah what is what is the book
  • 00:05:34
    about that's that's interesting this is
  • 00:05:36
    the first time I'm when was it when was
  • 00:05:37
    it published because I knew you had like
  • 00:05:39
    a a famous research paper about climate
  • 00:05:40
    change climate science but um what is
  • 00:05:42
    this one
  • 00:05:43
    about well that like it's it's about all
  • 00:05:46
    of our research in in social science um
  • 00:05:50
    over a period of about 20 years right um
  • 00:05:53
    and it's about how social um well the
  • 00:05:56
    longlasting
  • 00:05:57
    institutions of social Arrangements like
  • 00:06:01
    markets or science or government it's
  • 00:06:03
    about how they're structured and what
  • 00:06:06
    what those structures have in common if
  • 00:06:08
    anything so just a quick question I
  • 00:06:10
    think a lot of the people watching this
  • 00:06:12
    uh including myself honestly uh want to
  • 00:06:15
    be like you want to become like you so
  • 00:06:17
    from your standpoint from your Viewpoint
  • 00:06:19
    um as a successful uh computer scientist
  • 00:06:21
    you have a PhD in computer science and I
  • 00:06:23
    think you also uh helped uh right create
  • 00:06:26
    a a new programming language uh I
  • 00:06:29
    believe if I was in San Diego at the
  • 00:06:30
    time and a professor had asked you to
  • 00:06:32
    help create this new programming
  • 00:06:34
    language which you just you just did out
  • 00:06:36
    of nowhere uh so as a successful
  • 00:06:38
    computer scientist as a successful
  • 00:06:41
    businessman you you you started a
  • 00:06:42
    company you was President CEO you exited
  • 00:06:44
    you sold it I believe it was the Comcast
  • 00:06:46
    if I believe that was who uh it was it
  • 00:06:50
    wasn't a Comcast I think it might have
  • 00:06:53
    been
  • 00:06:53
    initial initially con Comcast was
  • 00:06:57
    involved but it ended up uh being
  • 00:06:59
    managed by company called learfield okay
  • 00:07:04
    who have they they were a sort of
  • 00:07:06
    umbrella company that the company p and
  • 00:07:08
    systems itself has always been a
  • 00:07:10
    separate entity and it still is I see so
  • 00:07:15
    it's lasted it's lasted in tech for 44
  • 00:07:17
    years which is which is pretty old for a
  • 00:07:20
    phenomenal but but I'm curious okay you
  • 00:07:23
    you've you you're you're successful
  • 00:07:24
    businessman started company had a
  • 00:07:26
    successful exit and then uh you you you
  • 00:07:29
    you got a PhD in economics and you've
  • 00:07:31
    published some papers which definitely
  • 00:07:33
    got some traction you got some books out
  • 00:07:35
    from your standpoint uh as a computer
  • 00:07:38
    scientist businessman economics what do
  • 00:07:41
    what are you most proud of if you were
  • 00:07:43
    to say okay this is what makes me the
  • 00:07:45
    most proud in out of all my achievement
  • 00:07:47
    is is it in computer science is it in
  • 00:07:49
    business is it in economics some
  • 00:07:51
    curse no I think it's all it's just
  • 00:07:55
    uh doing you
  • 00:07:58
    know having sense to do what you love at
  • 00:08:01
    the time
  • 00:08:04
    um you know i' I've I've never really
  • 00:08:07
    known in advance what I wanted to be um
  • 00:08:11
    but I followed what I was interested in
  • 00:08:16
    that's a great
  • 00:08:18
    answer that's a phenomenal answer even
  • 00:08:20
    for me that's just follow what what's
  • 00:08:23
    what's fun at the time you're saying
  • 00:08:24
    yeah yeah yes I've never felt that I
  • 00:08:29
    being at work it's always been at
  • 00:08:33
    fun I think I've seen your your PhD in
  • 00:08:37
    computer science book it was all written
  • 00:08:38
    in Fortran that was fun that looked
  • 00:08:42
    painful oh well I mean no it wasn't for
  • 00:08:45
    it wasn't Fortran it was it Fortran what
  • 00:08:48
    was
  • 00:08:48
    it well I the programs were written in
  • 00:08:51
    in h in
  • 00:08:53
    alol which was a uh European computer
  • 00:08:56
    language but um hm
  • 00:09:01
    uh I you know I did write programs in
  • 00:09:04
    forand um I mean these the these were
  • 00:09:07
    the days when uh when you know a
  • 00:09:10
    computer took up a whole room an air
  • 00:09:13
    conditioned room and didn't have the
  • 00:09:15
    computing power of a modern iPhone right
  • 00:09:18
    right right phenomenal phenomenal so now
  • 00:09:21
    I think the audience know that you're
  • 00:09:22
    pretty much an OG especially in a crypto
  • 00:09:25
    space where all these three things do
  • 00:09:26
    intertwine business computer science and
  • 00:09:28
    economics uh a lot of the um uh startups
  • 00:09:31
    that I'm seeing from uh coming onto
  • 00:09:33
    internet computer which is the
  • 00:09:35
    blockchain I'm a developer and
  • 00:09:36
    influencer for a lot of these startups
  • 00:09:38
    now have economists economists on their
  • 00:09:40
    board they have economists as in their
  • 00:09:42
    staff something I would have never
  • 00:09:44
    dreamed of seeing you know so understand
  • 00:09:47
    that it's appealing to some economists
  • 00:09:49
    yeah so you intersected all three so I
  • 00:09:51
    think you're the perfect person to ask
  • 00:09:53
    the F following list of questions so
  • 00:09:54
    let's start with the beginning um right
  • 00:09:57
    now uh a lot of people are dissatisfied
  • 00:10:00
    with the country and they believe the
  • 00:10:02
    solution is political uh there there's
  • 00:10:04
    uh a lot of my audience are either
  • 00:10:06
    libertarian or conservative there are
  • 00:10:08
    some liberals but I piss them off a lot
  • 00:10:10
    I hope you're still around the Liberals
  • 00:10:12
    amongst you but a lot of my audience
  • 00:10:14
    they're crazy about Trump and they say
  • 00:10:15
    um Trump will save the country so I'm
  • 00:10:18
    curious like what is your perspective on
  • 00:10:20
    this remark that Trump will save the
  • 00:10:21
    country and uh let's just get Trump in
  • 00:10:25
    power oh well there's a lot to that
  • 00:10:28
    question um but let me give you the
  • 00:10:30
    short answer um voting for Trump won't
  • 00:10:33
    save anything
  • 00:10:37
    um it certainly won't save a republic um
  • 00:10:41
    but I have to say neither we're voting
  • 00:10:43
    for Harris or anyone else right um
  • 00:10:49
    because you know they there the I'm very
  • 00:10:52
    convinced that there is no solution
  • 00:10:55
    coming from the political Arena there's
  • 00:10:57
    a lot of noise there's a lot of uh
  • 00:11:00
    claiming that they know Solutions but
  • 00:11:03
    you know look at the track record um
  • 00:11:06
    things are
  • 00:11:08
    things you know the the mood is getting
  • 00:11:10
    worse and worse um so uh so I you know
  • 00:11:15
    it's a mistake to look for Solutions
  • 00:11:17
    there
  • 00:11:20
    um I
  • 00:11:22
    think
  • 00:11:24
    people tend to I mean feel that they
  • 00:11:27
    have nowhere else to go except
  • 00:11:30
    for for solutions to what's you know
  • 00:11:32
    what they perceive as social
  • 00:11:35
    ills they they they think they have
  • 00:11:37
    nowhere else to go except to politics to
  • 00:11:40
    Pol to politicians to ask for help to
  • 00:11:43
    right ask for
  • 00:11:45
    Solutions but I think that's a major
  • 00:11:49
    conceptual mistake because I think that
  • 00:11:52
    the only way to do anything positive is
  • 00:11:55
    to do it yourself or locally not NE just
  • 00:12:00
    yourself um build build your own local
  • 00:12:04
    Solutions because and you'll have to do
  • 00:12:07
    that despite government because
  • 00:12:09
    government will interfere um with uh
  • 00:12:12
    with anything you do but it's possible
  • 00:12:16
    to to build positive things that don't
  • 00:12:21
    involve government and certainly don't
  • 00:12:24
    involve asking for government help so
  • 00:12:26
    this this brings us to the second
  • 00:12:27
    question um what is the alternative to
  • 00:12:30
    the political structure it seems like
  • 00:12:32
    you're advocating for some sort of
  • 00:12:34
    local uh solution approach why is that
  • 00:12:38
    better than their current political
  • 00:12:40
    structure well see the thing
  • 00:12:43
    is
  • 00:12:45
    the you've got you've got in the
  • 00:12:48
    political structure gives you a very
  • 00:12:51
    centralized um situation you know all
  • 00:12:55
    the power is is concentrated in in a
  • 00:12:58
    very small space ultimately in
  • 00:13:01
    Washington DC that's right right but the
  • 00:13:05
    problems are
  • 00:13:06
    decentralized because everybody has
  • 00:13:09
    individual problems the the the local
  • 00:13:11
    problems are are are vary from place to
  • 00:13:15
    place um there's no way that anybody in
  • 00:13:19
    Washington DC can comprehend all of the
  • 00:13:22
    all of the all of the various nuances of
  • 00:13:25
    problems throughout the country you know
  • 00:13:28
    no way no way at all um so if the
  • 00:13:32
    problem is decentralized you need a
  • 00:13:35
    decentralized solution ah got it and the
  • 00:13:39
    the only way to have a decentralized
  • 00:13:42
    solution is to disperse power because
  • 00:13:46
    once you have a center of power that
  • 00:13:48
    means all the grifters in the world go
  • 00:13:54
    there looking for handouts looking for
  • 00:13:57
    uh you know favors and promising to help
  • 00:14:02
    people with their reelection campaign so
  • 00:14:04
    out of curiosity is is this uh
  • 00:14:06
    decentralized solution do it-yourself
  • 00:14:08
    decentralized solution you're talking
  • 00:14:10
    about is this what you've often told me
  • 00:14:13
    is uh what's called bottomup
  • 00:14:17
    Innovation uh well bottom up bottomup
  • 00:14:21
    Innovation
  • 00:14:23
    is well all pretty much all Innovation
  • 00:14:26
    is is bottom up all all
  • 00:14:29
    successful Innovation the the the best
  • 00:14:33
    produ the best way to produce Innovation
  • 00:14:36
    is
  • 00:14:37
    competition because uh when you know
  • 00:14:40
    when when when when people are
  • 00:14:42
    competing they they have to innovate in
  • 00:14:45
    order in order to success sucessfully
  • 00:14:48
    complete I'm a little lost here what
  • 00:14:50
    does competition have to do with
  • 00:14:51
    bottomup Innovation I'm sort of
  • 00:14:53
    lost well a decentralized system in a
  • 00:14:58
    decentralized
  • 00:15:00
    system people have to compete right
  • 00:15:04
    right so you so you automatically get
  • 00:15:07
    competition when when you disperse power
  • 00:15:10
    you get
  • 00:15:12
    automatically you there there's no one
  • 00:15:15
    on above trying to control the situation
  • 00:15:18
    right there's there there's uh people
  • 00:15:23
    people have to succeed on their own
  • 00:15:26
    right um so economic survival then means
  • 00:15:31
    producing better
  • 00:15:32
    stuff instead of lobbying for
  • 00:15:36
    favors so producing better stuff means
  • 00:15:42
    Innovation okay um well I'm still not
  • 00:15:46
    connecting what's the reference with
  • 00:15:48
    bottom up because when I think bottom up
  • 00:15:50
    I'm thinking um an entrepreneur like
  • 00:15:52
    myself for an example who's going around
  • 00:15:54
    to these stores and trying to sell them
  • 00:15:57
    my app as a solution for them to make
  • 00:15:59
    more money and create social connections
  • 00:16:01
    at their venue uh I I'd like to think
  • 00:16:04
    myself as a bottomup innovator but when
  • 00:16:05
    I think of bottomup innovation I think
  • 00:16:07
    of an entrepreneur like myself who's
  • 00:16:10
    observing a problem locally where he's
  • 00:16:11
    at and uh offering a solution I I don't
  • 00:16:15
    necessarily think of competition is what
  • 00:16:17
    I'm
  • 00:16:17
    saying well you're you're competing
  • 00:16:20
    against other vendors of of uh of the
  • 00:16:24
    same sort of thing that's
  • 00:16:26
    true so uh and and in order to succeed
  • 00:16:30
    you have to do
  • 00:16:31
    better or you know you you have to get
  • 00:16:34
    customers that's correct and you have to
  • 00:16:36
    compete for customers because you know
  • 00:16:39
    customer time and money is
  • 00:16:41
    limited so aren't you are you indirectly
  • 00:16:45
    saying that the state has no
  • 00:16:48
    competitor yes the state is a monopoly
  • 00:16:50
    obviously well what about the local
  • 00:16:53
    municipalities the municipal States and
  • 00:16:55
    the state government art art state
  • 00:16:57
    governments competing for each other for
  • 00:16:59
    Citizens yeah and that's uh that that
  • 00:17:04
    the a system of state governments is
  • 00:17:06
    better than a centralized nation state
  • 00:17:10
    government you know in one place that's
  • 00:17:13
    right yeah but states are very big
  • 00:17:16
    entities
  • 00:17:17
    right a lot there's a lot of room for
  • 00:17:20
    decentralization even in in a state
  • 00:17:23
    that's interesting so you think the
  • 00:17:24
    state level is still too big yes
  • 00:17:29
    um all right so fair question would be
  • 00:17:32
    um what would you consider is a natural
  • 00:17:34
    sphere of interest in where it's not too
  • 00:17:37
    big well that that has to be that that
  • 00:17:41
    is determined by people's interactions
  • 00:17:44
    it's not there is no
  • 00:17:48
    one there is no one given structure the
  • 00:17:51
    structure has to emerge out of people's
  • 00:17:54
    interactions that's fascinating so
  • 00:17:56
    that's bottom up again in a in a way
  • 00:17:57
    that's bottom up yeah H got it I'm
  • 00:18:00
    starting to understand so you're saying
  • 00:18:02
    that as people compete uh because
  • 00:18:06
    there's no hand out there's no welfare
  • 00:18:08
    they have to provide goods and services
  • 00:18:11
    um uh they will yield products that's
  • 00:18:15
    relevant to their sphere of influence
  • 00:18:18
    and as the business grows it will
  • 00:18:22
    dictate the sphere of influence that it
  • 00:18:23
    will ultimately establish as people
  • 00:18:25
    interact with what they're doing that's
  • 00:18:27
    right right right some people will build
  • 00:18:30
    B big
  • 00:18:31
    businesses um they'll big they'll big
  • 00:18:35
    build big social
  • 00:18:37
    Arrangements um condominium complexes
  • 00:18:41
    even like many cities many towns or
  • 00:18:44
    something like that that's right you
  • 00:18:46
    know there's also there's all all sorts
  • 00:18:49
    of outcomes can can happen and and no
  • 00:18:51
    one thing um is is determinative well
  • 00:18:56
    not to get sidetracked here because I do
  • 00:18:57
    have a list of question but I I I recall
  • 00:18:59
    Henry Ford um having his
  • 00:19:02
    own company town or something like that
  • 00:19:06
    and uh Henry Ford was a bit of a tyrant
  • 00:19:09
    a bit of a private Tyrant he would push
  • 00:19:12
    um Christian his Christian religion upon
  • 00:19:16
    his
  • 00:19:17
    employees um he would push his patriotic
  • 00:19:19
    sentiments amongst his employees and he
  • 00:19:21
    was a rabbit anti-semite as you know um
  • 00:19:24
    yeah so how do you I I guess the natural
  • 00:19:26
    question for all the lefties here
  • 00:19:28
    watching is how do you prevent this sort
  • 00:19:29
    of private sphere of influence um from
  • 00:19:32
    going out of control like in the case of
  • 00:19:34
    Henry Ford right you prevented you
  • 00:19:37
    prevented by allowing for competition
  • 00:19:40
    henen Henry Ford will eventually have
  • 00:19:42
    his comp competitors and the fact that
  • 00:19:44
    he the tyrannical aspects of his
  • 00:19:47
    behavior to his employees um they they
  • 00:19:51
    will have opportunities to go elsewhere
  • 00:19:53
    so he's he's he's once he has
  • 00:19:56
    competition he's shooting himself in the
  • 00:19:58
    fo I
  • 00:20:00
    see but but will happen naturally you
  • 00:20:03
    know people people get impatient in that
  • 00:20:06
    you know we need somebody to come down
  • 00:20:07
    with a hammer and knock him on the head
  • 00:20:09
    for his bad views but that's not that
  • 00:20:12
    doesn't solve anything that just gives
  • 00:20:13
    you somebody up there with a hammer to
  • 00:20:15
    knock you on the head
  • 00:20:20
    eventually so it's you know it's really
  • 00:20:22
    not a solution you have to you have to
  • 00:20:25
    let it work out and you know
  • 00:20:29
    people people will feel his
  • 00:20:31
    obnoxiousness but they'll also feel he's
  • 00:20:33
    he paid more than anybody else right so
  • 00:20:37
    you know if you're an employee of Ford
  • 00:20:38
    you have to
  • 00:20:39
    balance is it worth it to take his
  • 00:20:42
    garbage views um or or should I be
  • 00:20:47
    satisfied with his money you know so
  • 00:20:50
    that's interesting you have this
  • 00:20:51
    philosophy of let things work out yes
  • 00:20:55
    let things work out under a regime by
  • 00:20:57
    the way under a regime
  • 00:20:59
    where there is SEC
  • 00:21:01
    security um that is there's prevention
  • 00:21:05
    of theft and
  • 00:21:07
    fraud um and there's a legal system that
  • 00:21:10
    uh that deals with the with that those
  • 00:21:14
    sort of
  • 00:21:16
    things right I mean it's not just free
  • 00:21:18
    freefor all I'm not talking about free
  • 00:21:21
    for all I'm talking about a
  • 00:21:24
    uh an arrangement where free inter
  • 00:21:28
    action is possible because there is
  • 00:21:32
    viable security
  • 00:21:34
    and and an underlying legal um
  • 00:21:38
    Arrangement and you believe in a
  • 00:21:40
    situation like that which which are most
  • 00:21:42
    States most modern States um things will
  • 00:21:45
    eventually sort themselves out as
  • 00:21:47
    competitors uh emerge and people get
  • 00:21:50
    tired of uh the private Tyrant they'll
  • 00:21:52
    leave to the competitor yes but of
  • 00:21:55
    course the thing is the government is
  • 00:21:56
    not going to go away it's not going to
  • 00:21:58
    say oops we're sorry we you know we made
  • 00:22:01
    a mistake we're we're going to go away
  • 00:22:04
    now and let you guys do your thing
  • 00:22:06
    they're not GNA do that well again not
  • 00:22:09
    not to get too sidetracked but what what
  • 00:22:11
    about the fact that many lefties would
  • 00:22:13
    tell you that um what about the
  • 00:22:14
    low-skilled employee so imagine like I'm
  • 00:22:17
    a low-skilled employee and I'm black so
  • 00:22:19
    I don't have any skill and and I have
  • 00:22:21
    discrimination issues so I kind of have
  • 00:22:24
    to put up with Forge [ __ ] so um
  • 00:22:27
    what's what's your remark to that what's
  • 00:22:28
    what her answer to
  • 00:22:29
    that well um form form companies that
  • 00:22:33
    don't have that
  • 00:22:36
    uh so you want me to quit inform my own
  • 00:22:39
    business yeah eventually you'll start
  • 00:22:41
    small um I mean p own system started
  • 00:22:44
    small and now it's uh now it's quite a
  • 00:22:47
    quite a going concern uh we you know we
  • 00:22:53
    uh we attracted uh people because of our
  • 00:22:56
    social policies there
  • 00:22:59
    facted really good people and so we you
  • 00:23:02
    know we were able to innovate and uh be
  • 00:23:05
    some very large competitors right but
  • 00:23:08
    but what about the fact that I'm black
  • 00:23:09
    and I have no skills again these These
  • 00:23:11
    are not nelling my beliefs I'm simply
  • 00:23:13
    giving you the left narrative right so
  • 00:23:14
    I'm black and have no skill can I really
  • 00:23:16
    start my own business if I'm black and I
  • 00:23:17
    have no skills oh absolutely why not but
  • 00:23:22
    you you will get skills very quickly if
  • 00:23:24
    you start your own business that's right
  • 00:23:26
    yeah and you know I'm
  • 00:23:28
    I I don't mean to underestimate the the
  • 00:23:31
    problem it's it's hugely difficult sure
  • 00:23:34
    especially um in in the light of the the
  • 00:23:38
    Monopoly education system that you've
  • 00:23:40
    had to come through right um I mean that
  • 00:23:44
    that that is just one of the most
  • 00:23:45
    shocking things about the uh the country
  • 00:23:47
    is the uh is the education that people
  • 00:23:50
    get and I think we we should do a
  • 00:23:52
    separate episode on that by the way
  • 00:23:53
    because I think you have some
  • 00:23:54
    fascinating views regarding uh the
  • 00:23:56
    education system
  • 00:23:59
    okay um moving on um so question number
  • 00:24:03
    four is something that is really big to
  • 00:24:05
    the audience many people here um are
  • 00:24:07
    believers of climate change uh in fact
  • 00:24:10
    um the uh protocol that um the audience
  • 00:24:13
    watching you is part of is called
  • 00:24:15
    internet computers you know and internet
  • 00:24:17
    computer protocol recently had a project
  • 00:24:19
    called um IC footprint ICP footprint
  • 00:24:22
    something like that IC Footprints I
  • 00:24:23
    believe and it's it's a it's a project
  • 00:24:26
    that is on a blockchain and it's goal is
  • 00:24:28
    to track carbon footprint so that they
  • 00:24:31
    could prevent climate change and I've
  • 00:24:33
    publicly expressed my uh disapproval of
  • 00:24:36
    this this startup and I've gotten a lot
  • 00:24:38
    of flak for it um so I'm curious as
  • 00:24:41
    someone who's written uh a paper on
  • 00:24:44
    climate science that's picked up
  • 00:24:45
    traction you've researched the topic
  • 00:24:47
    you're a scientist yourself uh uh he
  • 00:24:49
    hasn't mentioned this guys but his
  • 00:24:51
    Bachelor is in Quantum quantum chemistry
  • 00:24:53
    I believe right yeah right yes yes
  • 00:24:56
    originally yes right so so he's a
  • 00:24:58
    chemist and a computer scientist I'm
  • 00:25:00
    curious what is what is your whole take
  • 00:25:02
    on climate change um it's a huge topic
  • 00:25:05
    to the audience so please um go go all
  • 00:25:09
    in okay well the the the paper we wrote
  • 00:25:11
    by the way was not about climate science
  • 00:25:14
    as such but it was about
  • 00:25:16
    um uh about the interactions of climate
  • 00:25:21
    scientists it was about the and and also
  • 00:25:25
    the the external influences on climate
  • 00:25:28
    science so it was a it was a a study not
  • 00:25:32
    of the actual results of climate science
  • 00:25:34
    because we're not I'm not a climate
  • 00:25:36
    scientist right so I'm not competent to
  • 00:25:39
    say I mean I did read a lot of the
  • 00:25:42
    science and I think I should say up
  • 00:25:45
    front that it's obvious that the climate
  • 00:25:46
    is changing I agree um it's obvious that
  • 00:25:50
    human activity does have some effect but
  • 00:25:54
    I think despite the certainty that some
  • 00:25:56
    people uh
  • 00:25:59
    I think the uh the question is how much
  • 00:26:02
    influence does it have and I think
  • 00:26:04
    that's a uh it certainly has some
  • 00:26:08
    influence but I don't know how much and
  • 00:26:10
    I don't know that that's a
  • 00:26:12
    settled uh thing in um in climate in
  • 00:26:17
    climate science I mean people talk about
  • 00:26:19
    the science as if as if all scientists
  • 00:26:24
    agree on everything with on this matter
  • 00:26:27
    and they don't and and in fact to talk
  • 00:26:29
    about the science is a is about the most
  • 00:26:32
    unscientific thing I can think of saying
  • 00:26:36
    because there is no there is no the
  • 00:26:38
    science science uh science works by
  • 00:26:42
    competition right right so you know
  • 00:26:45
    science is one of these social
  • 00:26:46
    Arrangements where uh where people
  • 00:26:49
    compete well I remember reading your
  • 00:26:51
    paper uh one of your conclusions correct
  • 00:26:54
    me if I'm correct um correct me if I'm
  • 00:26:56
    wrong sorry uh but one of the things you
  • 00:26:57
    said I remember reading that from you
  • 00:26:59
    from your own words was that uh we don't
  • 00:27:02
    we don't yet have the instruments to uh
  • 00:27:05
    to accurately measure uh what's having
  • 00:27:08
    an effect on on a climate because
  • 00:27:10
    there's so many
  • 00:27:11
    variables yeah yeah a lot of the
  • 00:27:13
    conclusions that are published in
  • 00:27:15
    climate science are the results of uh
  • 00:27:18
    computer
  • 00:27:19
    models and you know the climate is a
  • 00:27:22
    ferociously complex system it's almost
  • 00:27:24
    as complex as an economy Jesus um and uh
  • 00:27:30
    you know the economists have uh have
  • 00:27:35
    uh simulations of of the of the
  • 00:27:38
    macroeconomy which are actually give
  • 00:27:41
    terrible results
  • 00:27:44
    um they can't even they can hardly even
  • 00:27:47
    predict the past let alone the future
  • 00:27:49
    right
  • 00:27:51
    um so climate science is in the same way
  • 00:27:54
    I mean they are very smart people
  • 00:27:56
    working on building these uh
  • 00:27:58
    um computer models but
  • 00:28:01
    they they're in their early days yet
  • 00:28:04
    right I agree it's crawling as a science
  • 00:28:07
    yeah and uh to to put the conclusions of
  • 00:28:13
    models as if they were
  • 00:28:15
    data if they were if they were you
  • 00:28:19
    know results of
  • 00:28:21
    of you know scientific results that's
  • 00:28:25
    not right it's they're they're
  • 00:28:27
    projections
  • 00:28:29
    and
  • 00:28:30
    uh and of course you know it's not all
  • 00:28:33
    of the scientist's fault the the this
  • 00:28:35
    gets out into the uh you know outside
  • 00:28:39
    the science and the
  • 00:28:41
    U uh newspapers and whatnot of a very
  • 00:28:45
    good news for nose for a story and you
  • 00:28:49
    know the more catastrophic the results
  • 00:28:53
    you know the worst case results of some
  • 00:28:54
    of these models are quite scary
  • 00:28:58
    and
  • 00:28:59
    uh and so that they're the results that
  • 00:29:02
    get published I see one other thing I
  • 00:29:04
    remember you mentioned uh in your paper
  • 00:29:08
    if I recall uh and again correct me if
  • 00:29:10
    I'm wrong you said in your paper that um
  • 00:29:13
    there's a huge political incentive um
  • 00:29:16
    for climate scientists to to write sort
  • 00:29:19
    of worst case scenario papers because
  • 00:29:21
    they get grants and funding uh from Big
  • 00:29:24
    Daddy government and the universities
  • 00:29:26
    for such narrative is that this was
  • 00:29:29
    actually the the main point of the paper
  • 00:29:31
    was we investigated where the funding
  • 00:29:34
    for climate science was coming from and
  • 00:29:37
    it was almost entirely from government
  • 00:29:39
    entities
  • 00:29:41
    wow
  • 00:29:44
    and um government government for when a
  • 00:29:48
    scientist uh applies for a grant from
  • 00:29:51
    government um it
  • 00:29:54
    uh they have to say what they're working
  • 00:29:56
    on and what they expect to find
  • 00:29:59
    right and it's almost inevitable that
  • 00:30:05
    the the person who's granting the
  • 00:30:08
    money will grant it to people whose
  • 00:30:11
    views match their match their own
  • 00:30:14
    expectations that's right that's correct
  • 00:30:18
    so scientists if they want the money
  • 00:30:21
    they have to at least pretend to be um
  • 00:30:26
    you know uh following the party line
  • 00:30:29
    absolutely uh recently uh in Germany uh
  • 00:30:32
    a couple of climate scientists glued
  • 00:30:34
    themselves to uh Airport runway uh in
  • 00:30:38
    order to uh stop the airline from taking
  • 00:30:41
    off as a protest because we're still
  • 00:30:43
    using um uh
  • 00:30:45
    hydrocarbons and it was it was excuse me
  • 00:30:49
    yeah well scientists are human I mean
  • 00:30:51
    that they can do stupid things as
  • 00:30:53
    anybody else they they weren't
  • 00:30:55
    scientists they were just activists okay
  • 00:30:57
    well they they're stupid they're human
  • 00:31:00
    beings too and
  • 00:31:03
    they're they're not fully informed so I
  • 00:31:06
    watch the interiew very emotional and
  • 00:31:08
    committed I'd have to say right I I I
  • 00:31:11
    actually watched the interview uh on DW
  • 00:31:14
    which is a German public broadcast of
  • 00:31:16
    these activists and they asked why did
  • 00:31:18
    you do such a dangerous Act of gluing
  • 00:31:20
    yourself to the runway you delayed so
  • 00:31:24
    many people's travel plans you've you've
  • 00:31:26
    destroyed people's lives
  • 00:31:28
    essentially and they said why did you do
  • 00:31:30
    that and her answer was because we want
  • 00:31:33
    the government to do something about
  • 00:31:35
    climate
  • 00:31:36
    change yeah there wasn't even a solution
  • 00:31:38
    proposed it was we want the government
  • 00:31:40
    to do something about yeah do something
  • 00:31:43
    yeah no matter no matter the effects of
  • 00:31:46
    of the doing
  • 00:31:48
    um well the
  • 00:31:52
    um the government you getting back to
  • 00:31:54
    the paper the government is the is the
  • 00:31:57
    almost the sole
  • 00:31:58
    of climate science and and the
  • 00:32:01
    government various government
  • 00:32:03
    departments have a a vested interest
  • 00:32:08
    in promoting this sort of behavior
  • 00:32:12
    because that that you know the call for
  • 00:32:14
    government action is fits you know it's
  • 00:32:19
    fits right in people who people who
  • 00:32:21
    promise government action on this matter
  • 00:32:23
    get elected that's true so let's take a
  • 00:32:27
    step back a little bit do you remember
  • 00:32:28
    when you first met me um how socialist I
  • 00:32:31
    was I believe in the Venus Project I
  • 00:32:33
    kind of showed you a documentary of the
  • 00:32:35
    free Society with no resource with no uh
  • 00:32:37
    money and you kind of slapped me with a
  • 00:32:40
    harsh reality check on I mean I give me
  • 00:32:42
    some credit I mean we were all socialist
  • 00:32:43
    at one point uh but and anybody who's
  • 00:32:47
    not is not you know doesn't have a hurt
  • 00:32:50
    but you you know you you have to grow up
  • 00:32:53
    at some point and re and realize that
  • 00:32:56
    you know there are conse consquences to
  • 00:32:59
    your uh idealism that's right um do you
  • 00:33:02
    have any advice for young people sort of
  • 00:33:06
    caught in that idealism about climate
  • 00:33:08
    change just like you kind of woke me up
  • 00:33:09
    from the Socialist idealism do you have
  • 00:33:11
    any tips for the people watching you
  • 00:33:14
    that are perhaps caught in a climate
  • 00:33:15
    change political uh
  • 00:33:18
    narrative well um if if you're
  • 00:33:22
    scientifically inclined look at the look
  • 00:33:24
    at the science yourself look at you know
  • 00:33:26
    there there are plenty of there's plenty
  • 00:33:28
    of contention within climate science and
  • 00:33:32
    you can as there is within any science
  • 00:33:35
    true and and you can you can look and
  • 00:33:37
    see where the contention is what it's
  • 00:33:40
    about and and that will give you a much
  • 00:33:43
    more balanced view of where the science
  • 00:33:46
    is and where the unknowns are and the
  • 00:33:49
    second thing is look at the government's
  • 00:33:52
    track record in fixing stuff right it's
  • 00:33:56
    AB it's absolutely abysmal if you if if
  • 00:33:58
    you rely on the government to fix the
  • 00:34:01
    climate that is probably the worst
  • 00:34:04
    possible move that you could you could
  • 00:34:06
    make because the
  • 00:34:10
    government people in government their
  • 00:34:12
    incentive is not to help you it is to
  • 00:34:17
    get reelected so they can maintain power
  • 00:34:20
    that's right they they they may they go
  • 00:34:23
    to Washington and these various
  • 00:34:26
    places very idealistic and thinking they
  • 00:34:29
    can help change the
  • 00:34:31
    world um but when they get there they
  • 00:34:35
    find that the only way they can survive
  • 00:34:37
    there is doing deals with
  • 00:34:39
    other legislators to get them elected
  • 00:34:43
    and to get themselves elected that's
  • 00:34:46
    that's that's really the whole
  • 00:34:47
    interaction that goes on in the
  • 00:34:50
    legislature right and I remember you
  • 00:34:53
    wrote a paper and maybe we should cover
  • 00:34:54
    that paper one day you you wrote a paper
  • 00:34:56
    about how the government
  • 00:34:58
    has no real connection to reality
  • 00:35:01
    whatsoever they live their feedback
  • 00:35:03
    mechanism is completely detached from
  • 00:35:05
    The Real World and it's completely
  • 00:35:06
    dependent on ideology was was that was
  • 00:35:09
    that correct well it's yeah sort of it's
  • 00:35:13
    uh it's there is like science science
  • 00:35:18
    has a real connection to
  • 00:35:20
    the to the world right um if if
  • 00:35:24
    scientific ideas in the long run don't
  • 00:35:27
    match
  • 00:35:28
    what people what what other scientists
  • 00:35:31
    see as happening you know they they they
  • 00:35:34
    investigate they find data does the does
  • 00:35:37
    the do the hypothesis match the data or
  • 00:35:40
    not you know hypotheses that don't match
  • 00:35:43
    data May survive for a while if there's
  • 00:35:46
    nothing better but they won't survive in
  • 00:35:48
    the long run
  • 00:35:49
    [Music]
  • 00:35:51
    right uh that's uh you know that that's
  • 00:35:56
    harder in in cases like climate science
  • 00:35:59
    because the the system is so complex
  • 00:36:01
    it's hard to know what the what the
  • 00:36:03
    actual data is telling you that's and
  • 00:36:05
    it's even harder in economics because
  • 00:36:08
    social systems are very very much uh
  • 00:36:12
    harder than than than uh much more
  • 00:36:15
    complex than uh the sort of stuff you
  • 00:36:19
    you deal with in physics or chemistry
  • 00:36:22
    right but I remember your paper said
  • 00:36:23
    that the government rather didn't look
  • 00:36:25
    for empirical data uh to confirm its uh
  • 00:36:29
    hypothesis it looks for it runs by
  • 00:36:32
    ideology completely there's no um well
  • 00:36:36
    it it the the main input to government
  • 00:36:40
    is from from uh people either voters
  • 00:36:45
    once in a while okay or from uh people
  • 00:36:50
    who are lobbying the government um
  • 00:36:52
    lobbying the legislature or lobbying the
  • 00:36:55
    bureaucracies or
  • 00:36:58
    well basically for to help them and to
  • 00:37:01
    hurt other people right right I I think
  • 00:37:04
    that's worth repeating guys that real
  • 00:37:07
    quick let me just repeat that the main
  • 00:37:08
    input for the government is voters
  • 00:37:10
    periodically every four years or two
  • 00:37:11
    years depending on what state level
  • 00:37:13
    you're talking about and lobbyists th
  • 00:37:16
    those are the two main input for
  • 00:37:17
    government not real data not empirical
  • 00:37:20
    or data from natural phenomenon but yeah
  • 00:37:22
    sorry to cut you off I just wanted to
  • 00:37:23
    reiterate that because that's such a
  • 00:37:25
    phenomenal point I think we miss that
  • 00:37:26
    sometimes
  • 00:37:30
    all right so um another thing I I think
  • 00:37:34
    um because we were just on that topic uh
  • 00:37:36
    and it's in the list
  • 00:37:39
    um you when we first met um I I I grew
  • 00:37:43
    up um under this idea that
  • 00:37:47
    um the state the government um should
  • 00:37:50
    should help people in need um I grew up
  • 00:37:54
    really poor so that was kind of like a
  • 00:37:55
    Prevail prevailing uh
  • 00:38:00
    revealing myth I suppose you know and
  • 00:38:03
    and I remember you dismantled that um of
  • 00:38:05
    course I I don't think we're going to
  • 00:38:06
    get into it completely in just one video
  • 00:38:09
    but can you tell us overall why why is
  • 00:38:11
    government
  • 00:38:12
    handouts so bad you know because because
  • 00:38:15
    I think a lot of people miss that point
  • 00:38:17
    including myself when before I met you
  • 00:38:20
    okay well I mean govern government
  • 00:38:23
    handouts are loved by both liberals and
  • 00:38:26
    conservatives is not a uh this is not an
  • 00:38:30
    ideological divide here the
  • 00:38:34
    uh because you know simply handouts are
  • 00:38:38
    a necessary part of getting elected and
  • 00:38:40
    staying in power and that that applies
  • 00:38:42
    to both anybody in in in in
  • 00:38:46
    government
  • 00:38:48
    now Democrats and Republicans they favor
  • 00:38:52
    different groups give the hand outes to
  • 00:38:54
    although of course there's a lot of
  • 00:38:55
    overlap because you know you need to you
  • 00:38:58
    need to have wide appeal more than 50%
  • 00:39:01
    right appeal get
  • 00:39:03
    elected um
  • 00:39:06
    but I think in in in
  • 00:39:10
    understanding understanding this issue
  • 00:39:13
    there's there's a mental problem that a
  • 00:39:15
    mental um assumption that people
  • 00:39:18
    make um when they're when they're
  • 00:39:21
    considering this sort of problem and
  • 00:39:22
    that's that it's the it's the metaphor
  • 00:39:27
    of of the nation as a
  • 00:39:29
    family okay we sort of think that we're
  • 00:39:32
    one big family um in a in a sort of
  • 00:39:36
    weird way um and families have uh
  • 00:39:41
    families have fathers and they have
  • 00:39:43
    mothers right right and so people on the
  • 00:39:46
    left tend to emphasize the uh the ideal
  • 00:39:49
    of government as as sort of the caring
  • 00:39:51
    mother right right um this I mean I'm
  • 00:39:55
    not saying they they think this exactly
  • 00:39:57
    but it's it's it's sort of an ideal in
  • 00:39:59
    the back of the of the Mind the caring I
  • 00:40:02
    agree and they Institute bureaucracies
  • 00:40:05
    to do the caring and there is nothing
  • 00:40:07
    more soulless or capable of casual
  • 00:40:10
    cruelty than a
  • 00:40:12
    bureaucracy um so it doesn't really work
  • 00:40:18
    well um there's there's lots of money
  • 00:40:22
    poured into handouts and and if you and
  • 00:40:25
    if you look at the results
  • 00:40:29
    it doesn't you know it doesn't come
  • 00:40:30
    close to matching the the effort and
  • 00:40:34
    money that's put that's plowed into it
  • 00:40:37
    still ju just to give you a concrete
  • 00:40:39
    example um not too long ago I had a
  • 00:40:41
    friend who um he applied for uh for
  • 00:40:46
    rental assistance um I I I live in
  • 00:40:49
    Minneapolis and that's something we
  • 00:40:50
    actually have we have rent assistance
  • 00:40:52
    where uh the government will pay three
  • 00:40:54
    months of your rent no question to ask
  • 00:40:57
    and I asked him well why does why
  • 00:40:59
    doesn't he um why does he um get a job
  • 00:41:03
    and his own rant and he said um all the
  • 00:41:07
    taxes the government takes like I I I
  • 00:41:08
    deserve that money um I said nothing
  • 00:41:12
    else after that but I'm curious what is
  • 00:41:14
    what is your remark to to to this
  • 00:41:17
    situation because I feel like from what
  • 00:41:19
    I'm seeing now people expect hand out
  • 00:41:22
    they even get upset if it's not given to
  • 00:41:23
    them so so what is your um well my you
  • 00:41:27
    see one of the first laws of Economics
  • 00:41:32
    is that uh you don't look at the you you
  • 00:41:36
    you certainly you certainly look at the
  • 00:41:38
    the immediate um effects of a policy or
  • 00:41:41
    an
  • 00:41:42
    action okay definitely look at the
  • 00:41:45
    immediate effects but you also look at
  • 00:41:47
    the at the downstream effects right and
  • 00:41:50
    you don't look just at the benefits you
  • 00:41:51
    look at the costs as well as the
  • 00:41:54
    benefits and but but but what that
  • 00:41:57
    people don't easily do is look at the
  • 00:41:59
    downstream effect and see what costs and
  • 00:42:02
    benefits there are Downstream of this uh
  • 00:42:06
    this action forgive my but why why does
  • 00:42:09
    that create this entitlement Behavior
  • 00:42:11
    because I actually don't know why it's
  • 00:42:13
    that
  • 00:42:14
    happening well when when when when
  • 00:42:17
    something is available to other
  • 00:42:19
    people
  • 00:42:20
    it's it's natural to think it's fair
  • 00:42:23
    that it's available to you
  • 00:42:25
    too right it's just it's just a matter
  • 00:42:27
    of fairness okay
  • 00:42:30
    so but what's but people don't but they
  • 00:42:34
    don't they don't see what's happening to
  • 00:42:36
    themselves and that they're getting
  • 00:42:39
    dependent and that's and that that's
  • 00:42:43
    that's the most character destroying
  • 00:42:44
    thing you can
  • 00:42:46
    imagine why is becoming dependent
  • 00:42:48
    character
  • 00:42:49
    destroying well because you you you lack
  • 00:42:53
    incentive to do better
  • 00:42:57
    the only way to to get out of being poor
  • 00:43:00
    is to do is to do better better yeah
  • 00:43:04
    yeah now I can understand that people
  • 00:43:06
    need that that uh people get can get
  • 00:43:10
    into situations where they need help to
  • 00:43:12
    get out of the immediate situation right
  • 00:43:15
    and that's
  • 00:43:16
    that's personal charity used to cover
  • 00:43:19
    that church charity by churches and and
  • 00:43:24
    organiz you know private organizations
  • 00:43:26
    and so forth but the government has
  • 00:43:28
    monopolized
  • 00:43:29
    charity and so the the only
  • 00:43:34
    source um is government and and it's a
  • 00:43:38
    government bureaucracies who are
  • 00:43:40
    actually are not you know they're not
  • 00:43:42
    caring I mean individual people in those
  • 00:43:45
    bureaucracies may be carrying people but
  • 00:43:48
    they get overwhelmed and they they get
  • 00:43:52
    numbed because they have such you know
  • 00:43:54
    since they've taken over everything they
  • 00:43:56
    have
  • 00:43:58
    enormous um stuff to amount of stuff to
  • 00:44:02
    do it's it's it's just a very badly
  • 00:44:05
    designed um Arrangement and it's it's
  • 00:44:09
    just destroying the characters of the
  • 00:44:10
    people who are supposed to be the
  • 00:44:13
    beneficiaries um last question before we
  • 00:44:15
    get to Sid cracked on that subject um
  • 00:44:18
    why don't you feel entitled
  • 00:44:20
    to um these goodies right I mean just
  • 00:44:23
    like my friend said well you know I pay
  • 00:44:25
    all these taxes well they should pay my
  • 00:44:27
    rent for three months you damnn right so
  • 00:44:29
    why don't you share a similar Senate
  • 00:44:32
    it's available to everyone else right
  • 00:44:34
    because you said I'm just using your own
  • 00:44:35
    words against you kind of right you said
  • 00:44:37
    if it's available to some to people if
  • 00:44:40
    it's available to John it should be
  • 00:44:42
    available to me too right that's fair so
  • 00:44:44
    why don't you feel like it's fair for
  • 00:44:45
    you to get three months of your rent PID
  • 00:44:48
    yeah because I I can see the long-term
  • 00:44:52
    consequences you know I know that if um
  • 00:44:54
    if I um
  • 00:44:58
    uh fell for that I I would uh I would be
  • 00:45:02
    less of a you know it would it would
  • 00:45:05
    give me less incentive to do what I to
  • 00:45:07
    do what I
  • 00:45:09
    do
  • 00:45:13
    it that's a strong
  • 00:45:17
    discipline strong discipline yeah I
  • 00:45:19
    guess I guess so but it's it's a matter
  • 00:45:21
    of being real
  • 00:45:23
    um I mean the taxes I mean I've paid a
  • 00:45:26
    lot of tax Texas in my time and uh and
  • 00:45:30
    it was not voluntary you know
  • 00:45:33
    I I I resent paying those taxes the uh I
  • 00:45:39
    was I'm paying taxes to fund things that
  • 00:45:41
    I absolutely am
  • 00:45:43
    horrified um that that are done they
  • 00:45:46
    don't represent me so it's just you know
  • 00:45:49
    it's it's actually it's actually a form
  • 00:45:52
    of slavery right to make me work for
  • 00:45:55
    someone that I don't want to work for
  • 00:45:58
    right right you how old were you when
  • 00:46:00
    Vietnam was happening just curious
  • 00:46:02
    because I'm sure your tax dollars funded
  • 00:46:03
    that too yeah I I almost ended up there
  • 00:46:07
    um Jesus
  • 00:46:08
    Christ because I grew up in I grew up in
  • 00:46:11
    Australia and uh and they were sending
  • 00:46:13
    troops over that's a
  • 00:46:16
    nightmare yeah so fortunately I didn't
  • 00:46:19
    go do you remember how old you were just
  • 00:46:21
    just for
  • 00:46:23
    fun oh I would have been about 20 or so
  • 00:46:26
    oh boy yeah 22 maybe that's how to State
  • 00:46:29
    like them for the
  • 00:46:32
    me yeah I know all right so get back
  • 00:46:36
    getting back on handouts I don't want to
  • 00:46:38
    be uh uh going off at off at the left
  • 00:46:43
    because the right loves his handouts too
  • 00:46:47
    only you know they
  • 00:46:50
    um they're the Father Figure right the
  • 00:46:53
    the right the protect the protective
  • 00:46:56
    father right
  • 00:46:57
    and uh so they
  • 00:47:00
    um they hand out uh they give handouts
  • 00:47:04
    to big business in uh um for their
  • 00:47:07
    protection right
  • 00:47:10
    military uh they oh yeah military
  • 00:47:12
    industrial complexes way you know they
  • 00:47:15
    fund That Way Beyond any rational
  • 00:47:19
    defensive
  • 00:47:21
    needs um I believe our defense budget is
  • 00:47:24
    over $800 billion now per year would
  • 00:47:27
    wouldn't be
  • 00:47:28
    surprised that's nearly a trillion yeah
  • 00:47:31
    well the and the other thing about hand
  • 00:47:33
    D is they what they do they trans all
  • 00:47:36
    they do at base the government doesn't
  • 00:47:38
    make doesn't create money doesn't create
  • 00:47:41
    new value um but hand outs transfer the
  • 00:47:45
    money from one group to another without
  • 00:47:48
    the source's permission right right and
  • 00:47:50
    this is why stuff like cryptocurrency
  • 00:47:52
    exists is to sort of prev that yeah
  • 00:47:55
    which we will have to get into uh we'll
  • 00:47:57
    have to have like a special episode
  • 00:47:59
    where I ask you nothing but crypto
  • 00:48:02
    questions not like in a sense that I
  • 00:48:04
    expect you to answer them and know about
  • 00:48:05
    them but your thoughts on them because I
  • 00:48:07
    want to present to you how internet
  • 00:48:09
    computer is addressing this issues and
  • 00:48:12
    I'm just curious to what your thoughts
  • 00:48:13
    on these on their approach are like what
  • 00:48:16
    your remark on them are now let's let's
  • 00:48:18
    get into the meat of stuff and perhaps
  • 00:48:21
    I'm a little guilty of introducing this
  • 00:48:23
    question so late but I I feel like we're
  • 00:48:24
    going to spend a lot of time on this
  • 00:48:26
    topic can you introduce us to the idea
  • 00:48:28
    of aaral capitalism because you
  • 00:48:29
    introduced it to me and it never left me
  • 00:48:32
    uh I do think um the level of maturity
  • 00:48:34
    required for a population to be run by
  • 00:48:39
    such system is much higher than what
  • 00:48:41
    than our current population have right
  • 00:48:42
    now but our audience I think is very
  • 00:48:46
    sophisticated very smart very mature
  • 00:48:48
    emotionally mature and I think they
  • 00:48:50
    there would be ready for something like
  • 00:48:51
    anarco capitalism so can you introd
  • 00:48:53
    introduce us to that concept because I
  • 00:48:54
    never heard of it until I met you
  • 00:48:57
    okay all right um well first first we
  • 00:49:00
    need to get straight what capitalism is
  • 00:49:03
    okay um and it's it's the free exchange
  • 00:49:06
    of goods and services produced in the
  • 00:49:08
    regime of um of private property right
  • 00:49:12
    right simple simple as that it
  • 00:49:15
    relies it's not a it's not a
  • 00:49:17
    free-for-all it it relies on
  • 00:49:20
    a competent system of security and and
  • 00:49:24
    to prevent theft and force and fraud
  • 00:49:28
    um and it relies on a competent legal
  • 00:49:30
    system to uh to deal with these and any
  • 00:49:33
    other antisocial acts got it so it's not
  • 00:49:37
    it's not it's not just uh you know
  • 00:49:40
    everything anything goes it's it's um
  • 00:49:44
    free exchange within a regime of private
  • 00:49:47
    property security and law that I'm I'm
  • 00:49:51
    so happy you said that because um I I I
  • 00:49:54
    feel that the left when they speak of
  • 00:49:55
    capitalism they we speak of an anything
  • 00:49:57
    goes type of system yeah yeah well it's
  • 00:50:00
    not it's not not that it but it does
  • 00:50:03
    differ markedly from what is called
  • 00:50:06
    crony capitalism and crony capitalism is
  • 00:50:09
    what we have in this country and most
  • 00:50:11
    developed most you know allegedly free
  • 00:50:15
    countries um and that's uh that's uh a
  • 00:50:21
    system which is sort of has capitalism
  • 00:50:24
    bubbling away there which is the only
  • 00:50:26
    thing that saves it um but it has the
  • 00:50:30
    had it has the government in control
  • 00:50:33
    regulating um often in favor of its
  • 00:50:36
    preferred cronies right so that's why
  • 00:50:38
    you call it CR crony
  • 00:50:41
    capitalism so now most people assume
  • 00:50:44
    that um even they were talking about
  • 00:50:46
    capitalism and not crony capitalism
  • 00:50:48
    they're talking um they're they're
  • 00:50:51
    assuming that it's government that that
  • 00:50:53
    provides the necessary security and
  • 00:50:56
    legal systems Okay police and and courts
  • 00:51:00
    and and so forth anac capitalism is
  • 00:51:04
    capitalism in which security and low are
  • 00:51:07
    provided in the market right it's
  • 00:51:09
    products um that that you pay for and
  • 00:51:14
    that that the producers compete with
  • 00:51:16
    each
  • 00:51:17
    other meaning the security companies and
  • 00:51:20
    the legal companies companies and the
  • 00:51:22
    courts and what have you are all
  • 00:51:25
    producers of
  • 00:51:27
    services and they compete or customers
  • 00:51:30
    for those services so this this is where
  • 00:51:33
    I think is is what's fascinating about
  • 00:51:35
    Narco capitalism because um from my
  • 00:51:38
    understanding this the the the
  • 00:51:40
    arrangement that was always that always
  • 00:51:41
    existed on a planet was the state being
  • 00:51:43
    the sole Arbiter of force and you're
  • 00:51:46
    bringing this New Concept called orar
  • 00:51:48
    capitalism where there isn't a sole
  • 00:51:50
    Arbiter of course of force you have
  • 00:51:52
    multiple security companies competing um
  • 00:51:55
    to provide security for individuals can
  • 00:51:57
    you explain to us how that works that's
  • 00:51:59
    that's so
  • 00:52:00
    fascinating well I mean it works I mean
  • 00:52:04
    how does how does the production of milk
  • 00:52:06
    work um it works competitively and
  • 00:52:10
    people buy what they want uh well how
  • 00:52:13
    would that work in security for an
  • 00:52:14
    example um let's just say there's no
  • 00:52:16
    police um and and there's a bunch of
  • 00:52:19
    thugs outside waiting to rob me H how do
  • 00:52:21
    I get
  • 00:52:23
    protection well you've already you're
  • 00:52:25
    probably having a kind with a security
  • 00:52:27
    company already um if you'd be sensible
  • 00:52:31
    you'd be silly not to um and uh you
  • 00:52:36
    press your little buzzer and uh I don't
  • 00:52:40
    know the the actual mechanism of how
  • 00:52:43
    this works out would have to be worked
  • 00:52:45
    out competitively in the in in a market
  • 00:52:47
    type situation right I mean you you
  • 00:52:50
    can't one one of one of the difficulties
  • 00:52:52
    about promoting these ideas is that they
  • 00:52:57
    one one of the implications is that you
  • 00:53:00
    don't know how exactly it's all going to
  • 00:53:02
    work out you know the the you know the
  • 00:53:05
    basic parameters but you don't know
  • 00:53:08
    exactly you know just like you don't
  • 00:53:09
    know what the technology is going to be
  • 00:53:11
    discovered next week that's true you
  • 00:53:14
    don't know what security technology is
  • 00:53:16
    going to come up with next week or legal
  • 00:53:18
    technology that's true don't know that
  • 00:53:21
    but if you have a competitive
  • 00:53:23
    Arrangement chances
  • 00:53:25
    are better things will come along um as
  • 00:53:28
    techn as te technology in
  • 00:53:31
    those um social technology in those
  • 00:53:35
    areas improves well I guess the main
  • 00:53:37
    concern people have when they hear such
  • 00:53:39
    concept is okay how do you prevent a
  • 00:53:40
    security company from they have all the
  • 00:53:43
    guns um from becoming a racket and
  • 00:53:45
    extorting its population right so how do
  • 00:53:47
    you prevent a security company from
  • 00:53:49
    going rogue and enslaving its population
  • 00:53:51
    with all its weapons and its goons okay
  • 00:53:54
    well they they they would have to grow
  • 00:53:56
    very big in order to do that right and a
  • 00:53:59
    security company that mistreats its
  • 00:54:01
    customers is not likely to grow very big
  • 00:54:03
    if the if if it relies on voluntary
  • 00:54:06
    customers okay it it has competitors you
  • 00:54:10
    see competition is
  • 00:54:12
    essential and uh and what the government
  • 00:54:15
    does is prevent competition that's right
  • 00:54:18
    because I have no choice but to be U
  • 00:54:20
    yeah provided safety by the police even
  • 00:54:23
    though they could be a harm to me a lot
  • 00:54:25
    of the times
  • 00:54:27
    if you want if you want to read more
  • 00:54:28
    about this anaka capitalism there's uh
  • 00:54:32
    there's some a couple of very good books
  • 00:54:33
    one I think is uh uh David fredman it's
  • 00:54:38
    called the Machinery of Freedom
  • 00:54:40
    Machinery of Freedom yeah and another
  • 00:54:42
    one is by uh my friend Edward Stringham
  • 00:54:47
    um it's called Anarchy and the
  • 00:54:49
    law the political economy of choice I'm
  • 00:54:53
    going to have both these books uh in a
  • 00:54:55
    link uh ALS Al uh do you have a a a link
  • 00:55:00
    to uh your paper on climate science
  • 00:55:02
    because I remember printing it and
  • 00:55:03
    having a copy but the audience they
  • 00:55:06
    might want to take a look at it is there
  • 00:55:08
    somewhere um where they could find your
  • 00:55:10
    paper yeah well I can send you I can
  • 00:55:12
    send you a PDF of it and you can link
  • 00:55:14
    that if you want okay got it uh last
  • 00:55:16
    question um what are the safety
  • 00:55:19
    mechanism and in checks and balances in
  • 00:55:22
    such a system an Aral capitalist system
  • 00:55:24
    again I think we'll get into these
  • 00:55:25
    things later but but can you give us a
  • 00:55:27
    preview of some of the safety mechanism
  • 00:55:28
    that would be in place in such a
  • 00:55:31
    system okay well I mean read read those
  • 00:55:34
    books and you'll I'll go into that but
  • 00:55:37
    uh uh that's pretty much the subject
  • 00:55:39
    matter it's the you know it's the
  • 00:55:40
    question on everybody's mind really yeah
  • 00:55:44
    what's uh but uh the essential
  • 00:55:47
    underpinnings are free competition as I
  • 00:55:50
    said over and over um and also um
  • 00:55:55
    something that's not talked about a
  • 00:55:56
    whole lot um but is extremely important
  • 00:55:59
    is uh
  • 00:56:01
    Insurance
  • 00:56:02
    um and insurance is vital in a free
  • 00:56:06
    Society for the protection of the weak
  • 00:56:08
    against the strong and
  • 00:56:10
    Wealthy um if you have an by
  • 00:56:14
    yourself you're you're you're you could
  • 00:56:17
    be vulnerable to somebody who's got a
  • 00:56:19
    lot more money than you or a lot more
  • 00:56:21
    power than you right but if you have an
  • 00:56:23
    insurance company on your side
  • 00:56:26
    and you think you've been defrauded it's
  • 00:56:28
    not you that goes up against the
  • 00:56:30
    defrauder it's the insurance
  • 00:56:33
    company I see so so insurance is a very
  • 00:56:38
    big part of
  • 00:56:40
    ensuring the working of an anaka
  • 00:56:43
    capitalist Society well isn't these
  • 00:56:45
    insurance companies private companies
  • 00:56:46
    and therefore um susceptible to bribery
  • 00:56:48
    by the security
  • 00:56:50
    companies he yes of course they're all
  • 00:56:54
    private companies but they're all Inc
  • 00:56:56
    competition and as long as you have uh
  • 00:57:00
    competition with voluntary
  • 00:57:02
    customers uh you will get bad eggs
  • 00:57:07
    and they they will uh they will
  • 00:57:10
    eventually lose
  • 00:57:13
    business well that's it that's it for uh
  • 00:57:16
    for now I think I think we've we've
  • 00:57:17
    touched on the be the beginnings of what
  • 00:57:20
    we're going to cover I think you know
  • 00:57:22
    they're going to love you I can't wait
  • 00:57:23
    to see the comment section but um couple
  • 00:57:25
    of episodes that um I definitely want to
  • 00:57:29
    uh back on is
  • 00:57:31
    education I I definitely think uh the
  • 00:57:33
    audience would love your perspective on
  • 00:57:34
    education and the blockchain situation
  • 00:57:37
    with internet computer creating
  • 00:57:38
    something called a dow decentralized
  • 00:57:41
    autonomous organization now you might
  • 00:57:43
    not know what that is or you do or have
  • 00:57:45
    you heard of
  • 00:57:46
    that um only only by you mentioning it
  • 00:57:51
    okay I can understand decentralized
  • 00:57:54
    organizations I think that's a that's
  • 00:57:57
    that is an interesting concept I think
  • 00:57:59
    you know I've written a paper on
  • 00:58:01
    firms um and the conclusion there is
  • 00:58:05
    that they need to be more de
  • 00:58:06
    decentralized even within the firm right
  • 00:58:09
    precisely precisely and and Dows are
  • 00:58:12
    basically introducing that concept where
  • 00:58:13
    even companies themselves are
  • 00:58:15
    decentralizing the decision-making
  • 00:58:18
    through the voters the coin holders the
  • 00:58:20
    token holders and decentralizing
  • 00:58:23
    basically everything from from a company
  • 00:58:24
    to an HOA for for an example a DA could
  • 00:58:27
    be used for a condominium we'll get into
  • 00:58:30
    it um when the episode comes because I
  • 00:58:33
    do think um the audience will one love
  • 00:58:35
    you and two they would want you back for
  • 00:58:37
    more because I I think I think we need
  • 00:58:40
    you back for a few more episodes because
  • 00:58:43
    um you have a lot to share with with
  • 00:58:45
    people like me and um hopefully the
  • 00:58:47
    younger generation watching as well so
  • 00:58:50
    um that's it in terms of my question do
  • 00:58:52
    you have anything else you want to add
  • 00:58:53
    or you want to sort of mention any any s
  • 00:58:56
    notes no I'll mean in any any new new
  • 00:59:02
    interviews I'll I'll I'll certainly let
  • 00:59:04
    you know when I'm not competent to say
  • 00:59:06
    about uh about certain things you know
  • 00:59:09
    I'm not going to spite off on things I
  • 00:59:10
    know nothing about
  • 00:59:13
    right right I I think in the crypto
  • 00:59:16
    space um just your just your reaction
  • 00:59:19
    alone would would be totally amazing
  • 00:59:22
    because um I I feel like just your vast
  • 00:59:25
    experience
  • 00:59:27
    uh gives you authority to to sort of
  • 00:59:30
    rate or or measure how effective you
  • 00:59:34
    think these approaches are because this
  • 00:59:36
    is a new territory the whole crypto
  • 00:59:38
    space and the whole Space of blockchain
  • 00:59:40
    and decentralizing businesses and um
  • 00:59:42
    even I'm not sure if you're aware
  • 00:59:44
    there's even discussions of um putting
  • 00:59:46
    the voting ballot on a blockchain so
  • 00:59:48
    that uh there's no voting fraud and you
  • 00:59:52
    know the vote could be tied to a single
  • 00:59:54
    identity and essentially making
  • 00:59:56
    communities neighborhoods themselves a
  • 00:59:58
    dow basically neighborhoods govern
  • 01:00:00
    themselves through a voting process
  • 01:00:01
    that's done on a blockchain so it it's
  • 01:00:04
    sort of like a decentralization
  • 01:00:05
    happening uh as you sort of recommended
  • 01:00:09
    but it seems like you you're you're
  • 01:00:12
    caught in your um work I'm not sure what
  • 01:00:14
    kind of work you're doing now it seems
  • 01:00:15
    like you're still caught in the social
  • 01:00:16
    sciences and you sort of missed a boat
  • 01:00:18
    on what's going on in the crypto space
  • 01:00:20
    so I think it would be phenomenal to
  • 01:00:22
    sort of give you an update on what's
  • 01:00:23
    going on and just see your pure reaction
  • 01:00:25
    it doesn't to be formal it I I I just
  • 01:00:28
    think getting the chance to just see
  • 01:00:30
    your reaction and hear your thoughts on
  • 01:00:32
    these things is just a privilege for
  • 01:00:34
    like the younger generation to just like
  • 01:00:35
    soak that in and some of it will be good
  • 01:00:38
    some of it might be bad you might not
  • 01:00:39
    like some of the stuff I I show
  • 01:00:41
    you right
  • 01:00:44
    um it's uh it's usual for old people
  • 01:00:48
    like me to gripe
  • 01:00:52
    and but uh yeah I still you know I hope
  • 01:00:56
    I have still retained some common sense
  • 01:00:58
    and be able to say sensible things about
  • 01:01:01
    about these things oh I I I think I
  • 01:01:04
    think they're gonna love you I'm loving
  • 01:01:06
    it right now in fact uh one of the
  • 01:01:07
    things I've noticed um and we we have to
  • 01:01:09
    end this because we're we're out of time
  • 01:01:11
    but one of the things I've actually
  • 01:01:12
    noticed is and I'm just curious to your
  • 01:01:14
    thoughts on this is uh I I'm noticing
  • 01:01:16
    that there's U there's a disconnect
  • 01:01:20
    between like Generations your generation
  • 01:01:22
    and my generation they're not
  • 01:01:24
    necessarily talking to each other Mage
  • 01:01:26
    they should and what I've realized is
  • 01:01:29
    that because there's this like this sort
  • 01:01:31
    of age
  • 01:01:33
    separation uh there's knowledge gaps
  • 01:01:36
    knowledge is not being passed on so to
  • 01:01:38
    say right um and one of the ways I think
  • 01:01:42
    U knowledge is passed on is through
  • 01:01:44
    interviews like that by talking to
  • 01:01:45
    experienced people like yourself and you
  • 01:01:47
    get to give your perspective on on these
  • 01:01:50
    things that knowledge is not lost
  • 01:01:52
    because like you know it's happening
  • 01:01:54
    through a forum and it's available for
  • 01:01:56
    everyone to see as opposed to in the
  • 01:01:57
    past I think this this used to happen
  • 01:01:59
    more privately I think in the past
  • 01:02:01
    people used to speak to their elders and
  • 01:02:03
    they would get like the inside scoop and
  • 01:02:05
    like but it would be it would be like
  • 01:02:07
    more intimate but unfortunately because
  • 01:02:08
    of like modern society it's not
  • 01:02:10
    happening as
  • 01:02:12
    much yeah and and unfortunately it's
  • 01:02:14
    it's also
  • 01:02:17
    U I don't I don't know about typical but
  • 01:02:19
    often happens that uh older people
  • 01:02:22
    disparage younger people me they say
  • 01:02:25
    they're you know they're idealistic
  • 01:02:28
    and you know don't know what they're
  • 01:02:30
    doing and it's not what it was like in
  • 01:02:33
    my day right or they're [ __ ] or you
  • 01:02:35
    guys are [ __ ] that's that's
  • 01:02:37
    unfortunate instead of getting excited
  • 01:02:39
    about the new developments they tend to
  • 01:02:42
    poo poo them but it's true that's true
  • 01:02:46
    but there's people like you though so
  • 01:02:48
    that's it guys that's it um anything
  • 01:02:50
    else Thomas or um we're good for for
  • 01:02:52
    this episode not for me all right so I
  • 01:02:55
    don't know what the next episode will be
  • 01:02:57
    or when it will be uh but let's just
  • 01:03:00
    flow it life and see how things unfold
  • 01:03:03
    leave your thoughts in the comment
  • 01:03:04
    section I'd love to hear your thoughts
  • 01:03:06
    on this concept I know you guys are
  • 01:03:07
    going to push back on this araral
  • 01:03:08
    capitalism stuff but we'll get into it
  • 01:03:10
    much deeper don't worry have your
  • 01:03:12
    questions in the comment section and
  • 01:03:13
    I'll go check out those books that he
  • 01:03:16
    recommended uh that's it for this
  • 01:03:18
    episode don't forget to press that like
  • 01:03:20
    button and support me on Patron I see
  • 01:03:22
    you next time
Tags
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