WEBVTT - Fareed Zakaria Explains Why Today Is Just Like the 1920s

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>Welcome to Voteronomics, where politics and markets collide. I'm made

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<v Speaker 2>from Woodridge. For my summer reading selection, I've chosen the

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<v Speaker 2>latest release from Fared Zacaria, Age of Revolutions. Freed, of course,

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<v Speaker 2>hosts CNN's flagship international affairs show, fored Zakaria GPS. He

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<v Speaker 2>writes a weekly column for The Washington Post and is

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<v Speaker 2>the author of the Future of Freedom, the Post American World,

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<v Speaker 2>and Ten Lessons for a Post Pandemic World. But as

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<v Speaker 2>I said, this conversation focuses on Age of Revolutions, Progress

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<v Speaker 2>and backlash from sixteen hundred to the present. This is

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<v Speaker 2>really a fascinating book about the rise of the liberal

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<v Speaker 2>order and the possible collapse of that liberal order. For Reid,

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<v Speaker 2>you have a record of taking on read big themes,

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<v Speaker 2>the Future of Freedom, the post American World. But this

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<v Speaker 2>is your biggest theme yet, the Age of Revolutions, Progress

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<v Speaker 2>and Backlash from sixteen hundred to the present. Tell us

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<v Speaker 2>a bit about your argument. What was it that inspired

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<v Speaker 2>this book and what is the main thesis.

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<v Speaker 3>That's a wonderful question, Adrian, What inspired the book, or

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<v Speaker 3>at least triggered the book was that about ten years

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<v Speaker 3>ago I started to notice something that I thought was

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<v Speaker 3>very unusual, which was the rise of the Tea Party.

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<v Speaker 3>And the reason I thought it was unusual was it

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<v Speaker 3>was a kind of grassroots insurgency that was taking over

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<v Speaker 3>or upending, the most hierarchical of the political parties in

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<v Speaker 3>America and one of the most hierarchical in the Western world.

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<v Speaker 3>If you think of the Republican Party, the old saying

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<v Speaker 3>about presidential nominations used to be that the Democrats have

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<v Speaker 3>to fall in love, but Republicans fall in line. And

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<v Speaker 3>if you think about, you know, the Democrat nominating John

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<v Speaker 3>Kennedy and Clinton and Obama, you understand that, whereas the

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<v Speaker 3>Republicans would nominate you know, Nixon and then Nixon and

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<v Speaker 3>then Nixon and then Bush and another Bush. You know,

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<v Speaker 3>it was very hierarchical. You stud your turn. And here

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<v Speaker 3>the Tea Party was upending that bottom up and was

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<v Speaker 3>animated by issues that were not the traditional Republican issues,

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<v Speaker 3>not about economics, cutting budgets, all that stuff. It was

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<v Speaker 3>all cultural immigration, Obama as a black president. And it

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<v Speaker 3>made me just begin to think about how politics was changing.

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<v Speaker 3>And I read a speech by Tony Blair, in which

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<v Speaker 3>he talked about how the old division of left versus

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<v Speaker 3>right on the basis of economics, you know, kind of

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<v Speaker 3>the size of the state was giving way to a

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<v Speaker 3>politics based on your attitude towards a world that was

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<v Speaker 3>open versus closed, you know, globalization, immigration, technology, even and

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<v Speaker 3>that's where it all began. And then in order to

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<v Speaker 3>you know, I found myself asking, if we're going through

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<v Speaker 3>this kind of period of enormous change which is producing

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<v Speaker 3>a backlash, when did this begin? When have we seen

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<v Speaker 3>this before? And I thought about the Industrial Revolution, But

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<v Speaker 3>then that took me back further and I ended up,

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<v Speaker 3>as you know, starting with the Dutch in the seventeenth century.

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<v Speaker 3>The basic argument of the book is that whenever you

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<v Speaker 3>have periods of enormous technological and economic change, it tends

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<v Speaker 3>to transform societies and you also end up getting a

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<v Speaker 3>third revolution, which is a kind of identity revolution. People

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<v Speaker 3>change the way they think of themselves. So when the

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<v Speaker 3>Dutch for the first time became rich, they began to

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<v Speaker 3>think of themselves differently, not as part of the Habsburg Empire,

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<v Speaker 3>not as simply Christians, but as Protestants, and essentially broke

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<v Speaker 3>away from the Habsburg Empire and created the Dutch Republic,

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<v Speaker 3>and then that identity revolution trans most into a political revolution.

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<v Speaker 3>And whenever you have this process that I just described,

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<v Speaker 3>there is almost always a backlash. And how you navigate

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<v Speaker 3>through this forward movement and backlash determines how successfully you

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<v Speaker 3>kind of make your way in the world. The Dutch

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<v Speaker 3>and the British, I argue, in the sixteenth seventeen eighteenth

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<v Speaker 3>centuries handled this largely well. The French, in the French Revolution,

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<v Speaker 3>handled it very badly. And those are in some ways

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<v Speaker 3>the two archetypal examples, one being evolutionary change of bottom

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<v Speaker 3>up these trends of technology, economics to reshaping society and

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<v Speaker 3>politics adapting to it, versus the French, who decide top

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<v Speaker 3>down political elites are going to decree a revolution in

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<v Speaker 3>a transformation of society, and the whole thing explodes.

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<v Speaker 2>So the Dutch, followed by the British, followed presumably by

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<v Speaker 2>the Americans, of the good guys exactly, and the French

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<v Speaker 2>not quite so good is that because they go over

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<v Speaker 2>the top, and then you know, the revolution with all

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<v Speaker 2>its blood leads to Napoleon. Is that the sequence of events.

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<v Speaker 3>Basically, the French get it all wrong in the sense

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<v Speaker 3>that France was not a society that was being transformed

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<v Speaker 3>bottom up by economics and technology. At the time of

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<v Speaker 3>the French Revolution. France was a large agrarian, centralized society.

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<v Speaker 3>It was not particularly urban, the merchants were not particularly dominant.

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<v Speaker 3>So all the forces of kind of modernization and change

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<v Speaker 3>that had been roiling or transforming the Netherlands in Britain

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<v Speaker 3>were absent in France. But the French politically, a certain

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<v Speaker 3>group of Frenchman decide that they want to accelerate change

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<v Speaker 3>and to achieve not quite a merchant republic, but a

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<v Speaker 3>republic nonetheless, and they decreate it from above. And what

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<v Speaker 3>it turns out is that France is still a very

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<v Speaker 3>old fashioned, traditional agrarian society and it doesn't take and

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<v Speaker 3>so the revolution goes, you know, it kind of goes

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<v Speaker 3>helter skelter in various ways. As you know, the story

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<v Speaker 3>of the French orpwe is so complicated. One of the

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<v Speaker 3>great challenges of the book was getting it down to

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<v Speaker 3>forty pages. But basically, the best way to think about

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<v Speaker 3>it is it fails on its own terms. This is

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<v Speaker 3>a revolution that begins with the execution of a monarch

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<v Speaker 3>and it ends with Napoleon crowning himself as monarch. So

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<v Speaker 3>on its own terms, it is unable to achieve the

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<v Speaker 3>political modernization it looks for.

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<v Speaker 2>But you have a great lineage of liberal societies starting

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<v Speaker 2>with the Netherlands, going to Britain and then going to

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<v Speaker 2>the United States with this sort of failed detour with France.

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<v Speaker 2>Can you tell us something about what that means for

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<v Speaker 2>the for the modern world. This is essentially North European

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<v Speaker 2>Anglo Saxon lineage of ideas.

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<v Speaker 3>Yeah, it's actually fascinating when you think about how unusual

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<v Speaker 3>or narrow or serendipitous this path is. You know, you

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<v Speaker 3>have this, this extraordinary breakout in the Netherlands. This is

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<v Speaker 3>the first country to really redefine national power by using

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<v Speaker 3>not agriculture and extraction. That was the old way. The

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<v Speaker 3>only way people countries knew how to get rich was

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<v Speaker 3>you know, your agriculture, which basically produced about the same

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<v Speaker 3>level of wealth per capita for thousands of years, or

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<v Speaker 3>you could go into another country stealer's goal. Those are

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<v Speaker 3>the two way and that and the Dutch basically find

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<v Speaker 3>that they use innovation, they use tech chnological innovation, they

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<v Speaker 3>use financial innovation. Crucially important to Holland's rise is the

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<v Speaker 3>invention of the joint stock company, the invention of the

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<v Speaker 3>Amsterdam stock Market, first grade multinational company in the world,

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<v Speaker 3>the Dutch East Indies Company, and all these things propel

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<v Speaker 3>the Netherlands to become the richest country in Europe, which

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<v Speaker 3>means the richest country in the world. And that part

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<v Speaker 3>of the practices are, you know, an emphasis on an

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<v Speaker 3>egalitarian political and social structure, a republic rather than a monarchy,

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<v Speaker 3>a merchants having an enormous say, political parties for the

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<v Speaker 3>first time rather than a court being the locusts of

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<v Speaker 3>political influence. Tolerance because you discover that tapping human talent

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<v Speaker 3>wherever it is becomes important. So the Dutch, you know,

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<v Speaker 3>are much more tolerant towards Jews, much more tolerant towards

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<v Speaker 3>Protestants and Catholics than any other place in Europe. That

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<v Speaker 3>model moves to England, which had many similar characteristics, also

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<v Speaker 3>very decent centralized part of Europe. Both of these places

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<v Speaker 3>were the farthest provinces of the Roman Empire and were

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<v Speaker 3>therefore the least centrally governed from Rome, and so they

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<v Speaker 3>had developed a kind of autonomy as a result, and

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<v Speaker 3>it is in this cocoon, the Netherlands, in Britain and England,

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<v Speaker 3>really that ideas about individual liberty, individual rights, private property,

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<v Speaker 3>the idea of the dignity of the individual and his

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<v Speaker 3>or her and really his ability to pursue a life

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<v Speaker 3>that he wants freed from monarchical tyranny, church dogma. All

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<v Speaker 3>these ideas sort of take root in this area. And

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<v Speaker 3>then I would argue, because of the inherent virtue of

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<v Speaker 3>these ideas, or certainly the technical superiority of these ideas,

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<v Speaker 3>Britain becomes the most powerful country since Rome, and it

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<v Speaker 3>colonizes parts of the world and globalizes these ideas. So

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<v Speaker 3>a crucial part of that is that Britain ended up

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<v Speaker 3>colonizing North America, which became the next superpower. But also

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<v Speaker 3>important is the fact that Britain spread these ideas to

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<v Speaker 3>all over the world, from India to South Africa to Australia.

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<v Speaker 3>They developed a kind of a broad universe of liberal ideas.

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<v Speaker 3>But I think crucial to the spreading of them was

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<v Speaker 3>the fact that then Britain passes the mantle to the

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<v Speaker 3>United States. So if you think about it for two

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<v Speaker 3>and a half centuries. Now we have lived in a

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<v Speaker 3>world in which the dominant power has been one that

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<v Speaker 3>adopted these very peculiar ideas that grew out of a

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<v Speaker 3>tiny part of northwestern Europe.

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<v Speaker 2>Now this is a very weak liberal interpretation of human history.

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<v Speaker 2>And let me say that I completely agree with it.

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<v Speaker 2>But let me put on my woke cat for a

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<v Speaker 2>moment and saying that what you're doing is celebrating the

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<v Speaker 2>triumph of capitalist imperialism, That these are countries that grew

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<v Speaker 2>rich partly by colonialism, partly by slavery, partly by exploiting

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<v Speaker 2>what they would have regarded as lesser breeds. You're an Indian,

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<v Speaker 2>but you're celebrating that the power of this liberal imperialism.

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<v Speaker 2>How do you respond to them? To the critique which

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<v Speaker 2>is very dominant in America American higher education.

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<v Speaker 3>Now it's a very fair critique, and it's a fair argument.

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<v Speaker 3>It's worth noting that the original opposition to Whig history

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<v Speaker 3>came actually from the right, not from the left. There

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<v Speaker 3>was a much more traditional kind of deep historical school

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<v Speaker 3>of thought in Britain in other places which said this

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<v Speaker 3>whole idea that there is any progress in history is

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<v Speaker 3>the fallacy. The Whigs think that things have gotten better,

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<v Speaker 3>and this is nonsense. Where the history is cyclical, you know,

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<v Speaker 3>morally we have degenerated. This used to be the argument

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<v Speaker 3>against Whig history, and when Herbert Butterfield writes his his

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<v Speaker 3>essay on wik history, that's what he's defending himself against. Today,

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<v Speaker 3>You're absolutely right, the critique comes from the left. And

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<v Speaker 3>look what I would say is, there's no question I'm

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<v Speaker 3>celebrating capitalism and democracy and individual liberty and individual rights

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<v Speaker 3>because I do believe they are in they are fundamentally

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<v Speaker 3>superior to everything that came before them in terms of

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<v Speaker 3>political organization, from the point of view of the rights

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<v Speaker 3>of individuals, which I hold very dear, and everything that

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<v Speaker 3>has come after in terms of challengers, whether it's been fascism, communism,

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<v Speaker 3>Islamic fundamentalism, whatever else you may look at. I regard,

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<v Speaker 3>you know, the social democracy as a variant of of liberalism.

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<v Speaker 3>On the imperialism part, it's a it's a harder one,

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<v Speaker 3>it's it's entire It's absolutely true that part and parcel

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<v Speaker 3>of this process was the exploitation of people who were

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<v Speaker 3>considered second class citizens, lesser breeds and such. I would

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<v Speaker 3>argue that was not inherent in the project. I don't

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<v Speaker 3>think you can make the case that Britain only gained

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<v Speaker 3>its strength from colonies, so that they did help. You

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<v Speaker 3>can look at I mean, I go through this as

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<v Speaker 3>you know in the book Japan had you know, is

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<v Speaker 3>a good contrast because they both had textile industries. Japan

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<v Speaker 3>had no colonies, Britain had colonies. You know, it's it's

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<v Speaker 3>not it's not easy to make the case in my

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<v Speaker 3>view that Britain only advanced because of the because of

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<v Speaker 3>the colonies. And much more importantly, what you can see

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<v Speaker 3>the power of these ideas by the fact that it

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<v Speaker 3>is these ideas that caused Europe to decolonize. And it

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<v Speaker 3>is only in Europe that you begin you got the

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<v Speaker 3>anti slavery movement. There's slavery all over the world, but

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<v Speaker 3>what caused Europe to be come the locusts classics of

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<v Speaker 3>anti slavery. It was these liberal ideas. So I think

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<v Speaker 3>there's something to it, and it's it's probably worth always

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<v Speaker 3>remembering that the rise of these liberalism and industrialization did

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<v Speaker 3>come along with an enormous exploitation of other countries. You know,

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<v Speaker 3>as as somebody who grew up in India. I'm well

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<v Speaker 3>aware of it, and you know, we lived it. I

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<v Speaker 3>mean I saw it more from my father's generation. But

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<v Speaker 3>my father was very attracted to British ideas of liberalism

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<v Speaker 3>and in his case, kind of Fabian socialism as well,

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<v Speaker 3>but always also aware that for Britain they came coupled

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<v Speaker 3>with a certain kind of pretty unvarnished racism. There was

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<v Speaker 3>the reality that Britain was, in a sense the tutor

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<v Speaker 3>for so much of the Indian kind of political elite,

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<v Speaker 3>and yet the same political elite were jailed by the

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<v Speaker 3>British and in trials that were not free and fair.

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<v Speaker 3>They walk past clubs and buildings which said which had

0:15:03.000 --> 0:15:07.120
<v Speaker 3>signs which said dogs and Indians not allowed. You know,

0:15:07.200 --> 0:15:09.920
<v Speaker 3>my father once pointed out a couple of places where

0:15:09.920 --> 0:15:13.000
<v Speaker 3>there used to be that sign. So that is the

0:15:13.040 --> 0:15:17.040
<v Speaker 3>mixed legacy of the Enlightenment, and you can't get away

0:15:17.040 --> 0:15:19.480
<v Speaker 3>from it. But I think it was a historical fact,

0:15:19.840 --> 0:15:21.120
<v Speaker 3>not a logical fact.

0:15:21.520 --> 0:15:24.640
<v Speaker 2>But when Kipling says take up the white man's burden,

0:15:25.040 --> 0:15:28.560
<v Speaker 2>he's talking to the United States, and this mixed legacy

0:15:28.680 --> 0:15:31.400
<v Speaker 2>is even stronger in the United States, I think than Britain,

0:15:31.440 --> 0:15:33.920
<v Speaker 2>because it has the institution of slavery, and it has

0:15:34.000 --> 0:15:38.160
<v Speaker 2>the institutions of Jim Crow, right, you know, and voting

0:15:38.200 --> 0:15:41.000
<v Speaker 2>discrimination and things like that right up to the nineteen sixties.

0:15:41.160 --> 0:15:43.520
<v Speaker 2>It does seem to be extraordinary that you can have

0:15:44.520 --> 0:15:50.320
<v Speaker 2>liberal values and those very very anti liberal values coexisting

0:15:50.440 --> 0:15:53.960
<v Speaker 2>within this global hegemon, which is the United States. How

0:15:54.000 --> 0:15:54.960
<v Speaker 2>can we explain that?

0:15:56.080 --> 0:15:58.320
<v Speaker 3>Yeah, it's a very good point, and I think it's

0:15:58.360 --> 0:16:01.720
<v Speaker 3>a point that tells us something about the present as well,

0:16:01.760 --> 0:16:06.760
<v Speaker 3>which is tribalism and tribal affiliation is one of the

0:16:06.880 --> 0:16:12.200
<v Speaker 3>deepest social organizing factors of life. The ability to think

0:16:12.520 --> 0:16:16.640
<v Speaker 3>about your tribe as separate, distinct better than the other

0:16:16.760 --> 0:16:21.720
<v Speaker 3>tribe is the oldest form of politics, really, and what

0:16:21.880 --> 0:16:25.080
<v Speaker 3>you see with liberalism is that it is not able

0:16:25.120 --> 0:16:30.840
<v Speaker 3>to completely overcome that, and that it rests uneasily alongside

0:16:30.960 --> 0:16:36.040
<v Speaker 3>that reality. And in the American case, think of Jefferson

0:16:37.080 --> 0:16:40.280
<v Speaker 3>as such an interesting example, right, because of course he's

0:16:40.320 --> 0:16:43.960
<v Speaker 3>a slaver owner, but as so many of the biography's

0:16:43.960 --> 0:16:47.640
<v Speaker 3>point out, he was tortured by this. Yeah, quite not

0:16:47.720 --> 0:16:50.920
<v Speaker 3>so tortured that he freed his own flags, but you know,

0:16:51.680 --> 0:16:54.320
<v Speaker 3>it was tortured by it, and ultimately what gets rid

0:16:54.400 --> 0:16:58.600
<v Speaker 3>of slavery is the you know, those same liberal ideals,

0:16:58.400 --> 0:17:02.240
<v Speaker 3>as a Lincoln points out that we're in the Declaration,

0:17:03.000 --> 0:17:05.679
<v Speaker 3>you know that were that were in there and in

0:17:05.720 --> 0:17:08.919
<v Speaker 3>a sense have to be have to triumph over the

0:17:08.960 --> 0:17:12.720
<v Speaker 3>tribalism that says white sou superior to blacks. And then

0:17:12.800 --> 0:17:17.159
<v Speaker 3>what makes Jim Crow disappear is again those same ideals.

0:17:17.200 --> 0:17:20.240
<v Speaker 3>You know, Martin Luther King talks about how the Declaration

0:17:20.320 --> 0:17:25.080
<v Speaker 3>of Independence was a promisory note to blacks, in other words, saying,

0:17:25.359 --> 0:17:28.800
<v Speaker 3>you know, we are using those same ideas to break

0:17:28.840 --> 0:17:34.560
<v Speaker 3>through the irrational tribalism that has kept us down. And

0:17:35.280 --> 0:17:38.760
<v Speaker 3>even now, you know, we see that the return to

0:17:38.880 --> 0:17:42.600
<v Speaker 3>tribalism is very easy. And whether you look in the

0:17:42.680 --> 0:17:45.480
<v Speaker 3>United States, whether you look in Europe, you see that

0:17:46.000 --> 0:17:48.560
<v Speaker 3>it doesn't take a lot to get us back to

0:17:48.600 --> 0:17:50.119
<v Speaker 3>a kind of tribal way of thinking.

0:17:50.960 --> 0:17:54.160
<v Speaker 2>Now, I'm quite convinced by your wig interpretation of history.

0:17:54.200 --> 0:17:57.320
<v Speaker 2>I share it quite strongly. I'm less convinced by this

0:17:57.480 --> 0:18:02.240
<v Speaker 2>notion of the open versus the closed, which is something

0:18:02.280 --> 0:18:06.439
<v Speaker 2>that Tony Blair embraced and you embraces in this book,

0:18:07.280 --> 0:18:11.199
<v Speaker 2>that liberals are essentially open to the world, open to change,

0:18:11.240 --> 0:18:17.320
<v Speaker 2>open to immigration, open to globalization, and nonliberals, conservatives, reactionaries,

0:18:17.359 --> 0:18:19.600
<v Speaker 2>whatever you want to call them, are much more closed.

0:18:20.160 --> 0:18:23.240
<v Speaker 2>And let me say why, I'm a bit skeptical about this.

0:18:24.080 --> 0:18:27.399
<v Speaker 2>It strikes me that it's rather the victor's propaganda, and

0:18:27.440 --> 0:18:31.400
<v Speaker 2>that many liberals, though they claim to be open, are

0:18:31.400 --> 0:18:34.920
<v Speaker 2>actually very good at protecting themselves. They protect themselves through

0:18:35.080 --> 0:18:40.560
<v Speaker 2>educational credentials, through various sorts of certificates, licenses to operate.

0:18:40.760 --> 0:18:43.679
<v Speaker 2>For example, barristers in this country don't let solicitors go

0:18:43.720 --> 0:18:46.560
<v Speaker 2>into courts. If you go to university towns, they seem

0:18:46.560 --> 0:18:51.040
<v Speaker 2>to be well defended against change. And if you look

0:18:51.080 --> 0:18:54.320
<v Speaker 2>at the service sector, it's much much less globalized than

0:18:54.359 --> 0:18:58.119
<v Speaker 2>the manufacturing sector. If you look at immigration, openness to immigration,

0:18:58.280 --> 0:19:02.440
<v Speaker 2>the's so called disupposedly troglodite people who are opposed to

0:19:02.480 --> 0:19:06.160
<v Speaker 2>immigration actually a people who are badly affected by immigration.

0:19:06.280 --> 0:19:09.960
<v Speaker 2>They lose jobs, they see their wages decline, whereas most

0:19:10.040 --> 0:19:13.600
<v Speaker 2>liberals benefit from immigration. They get cheap servants, they get

0:19:13.680 --> 0:19:17.000
<v Speaker 2>cheap cheap services and things like that. Isn't this a

0:19:17.040 --> 0:19:19.280
<v Speaker 2>bit of a liberal illusion that they open.

0:19:19.800 --> 0:19:24.399
<v Speaker 3>Yeah, So let me first explain in the broadest sets

0:19:24.480 --> 0:19:26.520
<v Speaker 3>what I meant I mean by that, and in a

0:19:26.560 --> 0:19:28.679
<v Speaker 3>way you can see it in the transformation of the

0:19:28.720 --> 0:19:33.600
<v Speaker 3>Republican Party. The old model, the Republican Party was basically

0:19:33.680 --> 0:19:37.879
<v Speaker 3>a free market party, believed in low taxes, low regulation,

0:19:38.119 --> 0:19:44.040
<v Speaker 3>low tariffs, welcomed immigration. Ronald Reagan famously signed the eighty

0:19:44.080 --> 0:19:47.119
<v Speaker 3>six amnesty Bill, So it was, you know, it was

0:19:47.440 --> 0:19:51.479
<v Speaker 3>arrayed largely along the kind of free market orientation. And

0:19:51.520 --> 0:19:55.040
<v Speaker 3>what has happened to the Republican Party now it's essentially

0:19:55.119 --> 0:19:59.760
<v Speaker 3>almost entirely transformed itself. It is now largely skeptical of

0:20:00.400 --> 0:20:02.879
<v Speaker 3>In fact, it is the most protectionist major party, I

0:20:02.880 --> 0:20:06.520
<v Speaker 3>would argue in the Western world these days. It has

0:20:06.600 --> 0:20:11.760
<v Speaker 3>become much more uneasy about even things like fiscal conservatism.

0:20:11.880 --> 0:20:17.760
<v Speaker 3>You know, Trump was a big spender. The degree to

0:20:17.800 --> 0:20:21.040
<v Speaker 3>which it has completely try and reversed itself on immigration

0:20:22.040 --> 0:20:27.119
<v Speaker 3>is striking. So it's become a party more comfortable with

0:20:27.200 --> 0:20:31.040
<v Speaker 3>the idea of a society that's more closed, more protected,

0:20:31.160 --> 0:20:35.560
<v Speaker 3>more culturally chauvinistic, more nationalistic. Now, when you get to liberals,

0:20:35.840 --> 0:20:39.240
<v Speaker 3>you're right, they have a slightly more uneasy relationship. In general,

0:20:39.280 --> 0:20:41.359
<v Speaker 3>I would say they are more comfortable with the world

0:20:41.440 --> 0:20:46.280
<v Speaker 3>that's open and things like that. In theory, they are

0:20:46.280 --> 0:20:50.320
<v Speaker 3>in favor of meritocracy. You are right that they preach

0:20:50.480 --> 0:20:55.160
<v Speaker 3>more meritocracy than they practice, and that they quietly managed

0:20:55.200 --> 0:20:58.680
<v Speaker 3>to find some ways to protect themselves. But I recall

0:20:58.880 --> 0:21:05.120
<v Speaker 3>a wonderful book Meritocracy by ade Reinvolridge that basically concludes,

0:21:05.600 --> 0:21:09.680
<v Speaker 3>look for all its problems, there is no other solution,

0:21:10.480 --> 0:21:13.520
<v Speaker 3>and the answer to the problems of meritocracy is surely

0:21:13.720 --> 0:21:17.359
<v Speaker 3>more meritocracy. In other words, you're absolutely right that there

0:21:17.400 --> 0:21:20.560
<v Speaker 3>are places where they do this. But just as you know,

0:21:20.960 --> 0:21:25.080
<v Speaker 3>Martin Luther King used liberalism to push out the illiberal

0:21:25.119 --> 0:21:29.200
<v Speaker 3>features of life, I think one could effectively use liberalism.

0:21:29.280 --> 0:21:31.440
<v Speaker 3>And it is as you know, there is now pressure

0:21:31.560 --> 0:21:36.040
<v Speaker 3>on universities, for example, not to have legacy admissions in

0:21:36.080 --> 0:21:38.919
<v Speaker 3>that sense. Most people don't realize this, but Oxford and

0:21:38.920 --> 0:21:42.680
<v Speaker 3>Cambridge are much more meritocratic than Harvard and Yale. Oxford

0:21:42.680 --> 0:21:45.600
<v Speaker 3>and Cambridge just have a you know, essentially an entrance

0:21:45.640 --> 0:21:49.719
<v Speaker 3>exam these professions, though they would argue they're trying to

0:21:49.800 --> 0:21:53.000
<v Speaker 3>maintain a certain kind of standards, but those standards again

0:21:53.040 --> 0:21:56.320
<v Speaker 3>should be more meritocratic. But I think that to me,

0:21:56.600 --> 0:22:01.360
<v Speaker 3>the question is is politics becoming more about these two

0:22:01.440 --> 0:22:06.199
<v Speaker 3>poles not so much? Are liberals always consistently open or

0:22:06.240 --> 0:22:11.000
<v Speaker 3>consistently closed. I think in all politics there's a certain

0:22:11.000 --> 0:22:14.440
<v Speaker 3>amount of hypocrisy and all that. What I would ask

0:22:14.520 --> 0:22:17.760
<v Speaker 3>you is, isn't it fair to say that the old

0:22:17.840 --> 0:22:20.800
<v Speaker 3>left right divide has gone away largely because the two

0:22:20.840 --> 0:22:24.080
<v Speaker 3>parties are relatively close to one another. You can see

0:22:24.119 --> 0:22:27.119
<v Speaker 3>this in Britain where the Labor Party has come in

0:22:27.119 --> 0:22:30.800
<v Speaker 3>to barn this seemingly revolutionary election and said, oh, by

0:22:30.840 --> 0:22:32.639
<v Speaker 3>the way, we're not going to change anything that the

0:22:32.680 --> 0:22:36.600
<v Speaker 3>Conservatives have done on economic policy. The battleground is now

0:22:36.680 --> 0:22:42.320
<v Speaker 3>immigration and so called woke woke ideology and assimilation and culture.

0:22:43.119 --> 0:22:46.000
<v Speaker 2>I'm skeptical about it. I'm willing to be skeptical about it.

0:22:46.080 --> 0:22:48.040
<v Speaker 2>Is when you talk about the rise of the rest

0:22:48.480 --> 0:22:52.000
<v Speaker 2>and the relative decline of America, which you do in

0:22:52.520 --> 0:22:55.160
<v Speaker 2>this book towards the end, is it true that we're

0:22:55.160 --> 0:22:57.320
<v Speaker 2>seeing the rise of the rest and the relative decline

0:22:57.359 --> 0:23:01.639
<v Speaker 2>of America? Or is America pretty constant? You know, twenty

0:23:01.680 --> 0:23:05.480
<v Speaker 2>five percent of GDP in nineteen ninety twenty five percent

0:23:05.520 --> 0:23:08.800
<v Speaker 2>of GDP now a big chunk of the most highly

0:23:08.880 --> 0:23:12.520
<v Speaker 2>valued companies in the world now American. Isn't it really

0:23:12.600 --> 0:23:16.680
<v Speaker 2>what we're seeing the decline of Europe, American maintaining its position,

0:23:16.800 --> 0:23:20.720
<v Speaker 2>the rest certainly rising, particularly India and obviously China. But really,

0:23:20.800 --> 0:23:22.960
<v Speaker 2>isn't it a story of the decline of this chunk

0:23:23.000 --> 0:23:25.479
<v Speaker 2>of the West that is Europe that we're saying at

0:23:25.480 --> 0:23:25.879
<v Speaker 2>the moment.

0:23:27.280 --> 0:23:29.959
<v Speaker 3>Yeah, it's a very good question, because it's The answer

0:23:30.040 --> 0:23:32.480
<v Speaker 3>is I think complicated, and I tried to explain it

0:23:32.600 --> 0:23:35.200
<v Speaker 3>better in I think in my book The Post American World,

0:23:35.280 --> 0:23:38.359
<v Speaker 3>Which is the reason I talk about the decline of

0:23:38.400 --> 0:23:41.800
<v Speaker 3>America in a post American world, is that the most

0:23:41.840 --> 0:23:45.959
<v Speaker 3>important shift that's taken place is the decline in American influence,

0:23:46.400 --> 0:23:49.760
<v Speaker 3>not American power. You're absolutely right, American heart power has

0:23:49.800 --> 0:23:53.320
<v Speaker 3>stayed constant. In fact, you could argue on some levels, Adrian,

0:23:53.359 --> 0:23:56.639
<v Speaker 3>as I'm sure you would agree, American power has grown.

0:23:56.720 --> 0:24:00.840
<v Speaker 3>American technological dominance of the world is probably today than

0:24:00.880 --> 0:24:03.480
<v Speaker 3>it's ever been. I looked it up to see what

0:24:03.600 --> 0:24:06.920
<v Speaker 3>were the top top ten technology companies in nineteen eighty nine.

0:24:07.280 --> 0:24:11.600
<v Speaker 3>Only four were American, four were Japanese, and two were European. Today,

0:24:11.680 --> 0:24:14.320
<v Speaker 3>ten out of ten out of ten are American. So

0:24:15.320 --> 0:24:18.760
<v Speaker 3>American power has stayed at least constant, if not increased,

0:24:19.000 --> 0:24:22.080
<v Speaker 3>but American influence has declined. And what I mean by

0:24:22.119 --> 0:24:24.320
<v Speaker 3>that is and this is why the rise of the

0:24:24.359 --> 0:24:29.000
<v Speaker 3>rest becomes important. Take a country like Turkey. Forty years ago,

0:24:29.160 --> 0:24:33.960
<v Speaker 3>Turkey was a basket case economy with a military junta

0:24:34.080 --> 0:24:38.920
<v Speaker 3>that ruled it and was absolutely reliably pro American and

0:24:40.040 --> 0:24:44.000
<v Speaker 3>did whatever Washington told it to do. Today, the Turkish

0:24:44.040 --> 0:24:47.080
<v Speaker 3>economy is about four times bigger, or maybe five times

0:24:47.119 --> 0:24:49.800
<v Speaker 3>bigger than it was forty years ago. It has a

0:24:49.840 --> 0:24:54.120
<v Speaker 3>stable political system with a very powerful, charismatic leader who

0:24:54.200 --> 0:24:57.760
<v Speaker 3>routinely tells the United States to go to hell when

0:24:57.800 --> 0:25:02.199
<v Speaker 3>America asks it what to do. That pattern recurs with India,

0:25:02.440 --> 0:25:06.919
<v Speaker 3>because of course with China and with Russia, but with Indonesia,

0:25:06.960 --> 0:25:10.800
<v Speaker 3>with Vietnam, with Brazil. And that's what I was trying

0:25:10.840 --> 0:25:13.320
<v Speaker 3>to get across, which was that the United States had

0:25:13.320 --> 0:25:17.800
<v Speaker 3>a certain kind of extraordinary political influence after the end

0:25:17.840 --> 0:25:22.120
<v Speaker 3>of the Cold War. It literally set the terms for

0:25:22.160 --> 0:25:26.439
<v Speaker 3>the rest of the world. And that influences waning because

0:25:26.440 --> 0:25:29.760
<v Speaker 3>you have a lot of uppity middle powers who are

0:25:29.800 --> 0:25:31.960
<v Speaker 3>willing to say, we're just going to do our own thing.

0:25:32.000 --> 0:25:34.080
<v Speaker 3>And look at India and the way it's handling the

0:25:34.200 --> 0:25:38.800
<v Speaker 3>Ukraine War. You know, it is happy to be courted

0:25:38.800 --> 0:25:43.320
<v Speaker 3>by Washington and sometimes agrees with Washington when it serves

0:25:43.359 --> 0:25:47.040
<v Speaker 3>its own India's purposes, for example, the anti Chinese element

0:25:47.080 --> 0:25:50.200
<v Speaker 3>to Indian policy. But at the same time, it happily

0:25:50.200 --> 0:25:54.080
<v Speaker 3>buys oil from Russia, trades with Russia, consorts with Russia,

0:25:54.359 --> 0:25:57.240
<v Speaker 3>buys weapons from Russia because that helps it on its

0:25:57.240 --> 0:26:00.879
<v Speaker 3>own defense independence line. So that's the reality of the

0:26:00.880 --> 0:26:03.359
<v Speaker 3>world today. And I couldn't I couldn't think of a

0:26:03.359 --> 0:26:07.600
<v Speaker 3>better term than post American because it's not a Chinese word.

0:26:07.960 --> 0:26:12.400
<v Speaker 3>Dominated world certainly, but it's not quite the American dominance

0:26:12.440 --> 0:26:15.439
<v Speaker 3>that you had now Europe, I think just the coda

0:26:15.520 --> 0:26:18.679
<v Speaker 3>to I would say to Europe is, in my view,

0:26:19.080 --> 0:26:21.440
<v Speaker 3>you're absolutely right by the way, of course Europe has

0:26:21.480 --> 0:26:25.080
<v Speaker 3>declined and China's rise in India's rise has all come out.

0:26:25.160 --> 0:26:28.040
<v Speaker 3>You know, if you're trying to think about Europe, Yeah,

0:26:28.920 --> 0:26:31.520
<v Speaker 3>who declined so that China could rise? It was Europe.

0:26:32.119 --> 0:26:36.879
<v Speaker 3>But Europe was never politically powerful, unified and strategic in

0:26:36.920 --> 0:26:40.600
<v Speaker 3>the first place. So the economic decline of Europe has

0:26:40.640 --> 0:26:45.120
<v Speaker 3>not actually had that much geopolitical effect, because Europe has

0:26:45.160 --> 0:26:47.919
<v Speaker 3>never been united as a geopolitical player.

0:26:48.680 --> 0:26:51.159
<v Speaker 2>One wrinkle to the argument that strikes me is it

0:26:51.280 --> 0:26:54.680
<v Speaker 2>used to be the case that America was influential because

0:26:54.720 --> 0:26:58.520
<v Speaker 2>it exported its best features, like good governance, like the

0:26:58.600 --> 0:27:03.600
<v Speaker 2>charisma of of Kennedy, like the commitment of the liberal

0:27:03.640 --> 0:27:06.360
<v Speaker 2>democratic order. Now it seems as America is getting better

0:27:06.359 --> 0:27:09.920
<v Speaker 2>at exporting its worst features, which you know, to some

0:27:09.960 --> 0:27:14.399
<v Speaker 2>extent is wocism, to some extent is polarization, and to

0:27:14.440 --> 0:27:18.400
<v Speaker 2>some extent is a sort of technology that exacerbates anger

0:27:18.640 --> 0:27:23.679
<v Speaker 2>and angst. America is. People around the world are obsessed

0:27:23.720 --> 0:27:26.280
<v Speaker 2>by America, but they no longer see it on as

0:27:26.280 --> 0:27:28.120
<v Speaker 2>a shining city on the hill. They quite often see

0:27:28.119 --> 0:27:29.919
<v Speaker 2>it as a sort of version of hell. Actually it

0:27:29.920 --> 0:27:33.639
<v Speaker 2>doesn't stop them being obsessed, but they're still fixated, but

0:27:33.800 --> 0:27:37.240
<v Speaker 2>not fixated in an admiring way. America is treated as

0:27:37.280 --> 0:27:41.240
<v Speaker 2>an example of politics we don't want to imitate, as

0:27:41.280 --> 0:27:44.720
<v Speaker 2>an example of an administrative system we don't want to imitate,

0:27:45.000 --> 0:27:47.080
<v Speaker 2>and in an example is a healthcare system that we

0:27:47.119 --> 0:27:49.359
<v Speaker 2>don't want to imitate. It's a very different sort of

0:27:49.359 --> 0:27:51.760
<v Speaker 2>influence from the nineteen sixties influence.

0:27:52.359 --> 0:27:54.280
<v Speaker 3>Yeah, I would agree with that, and I think that

0:27:54.280 --> 0:27:57.360
<v Speaker 3>that's part of what has caused the decline in American influence.

0:27:57.640 --> 0:27:59.239
<v Speaker 3>As you know, in the book, I argue there's sort

0:27:59.280 --> 0:28:02.600
<v Speaker 3>of there were three bloss to American influence. One, the

0:28:02.640 --> 0:28:08.439
<v Speaker 3>Iraq War damaged America's military credibility. The economic crisis of

0:28:08.480 --> 0:28:13.400
<v Speaker 3>oaight damaged its economic credibility. And the rise of populism

0:28:13.440 --> 0:28:16.080
<v Speaker 3>and the paralysis that came out of that damaged its

0:28:16.160 --> 0:28:20.480
<v Speaker 3>political credibility. And those three things together, I think you

0:28:20.520 --> 0:28:23.400
<v Speaker 3>put it very well. I would actually even border it's

0:28:23.440 --> 0:28:25.960
<v Speaker 3>not just the healthcare system, I think, and you may

0:28:25.960 --> 0:28:29.480
<v Speaker 3>be more uncomfortable with this as I am as well,

0:28:29.480 --> 0:28:34.320
<v Speaker 3>but most of the world sees Europe's social market as

0:28:34.440 --> 0:28:39.280
<v Speaker 3>much more attractive than America's kind of laissez faire, you know,

0:28:39.280 --> 0:28:42.280
<v Speaker 3>And I would argue highly inefficiently say fair system, because

0:28:42.280 --> 0:28:45.240
<v Speaker 3>as you know, we do plenty of government spending, it's

0:28:45.360 --> 0:28:48.200
<v Speaker 3>just very badly done. And you know, we have our

0:28:48.240 --> 0:28:51.880
<v Speaker 3>own weird welfare state which mostly coddles the middle class

0:28:52.000 --> 0:28:55.840
<v Speaker 3>and it miserates the poor. I saw a poll recently

0:28:55.880 --> 0:28:59.040
<v Speaker 3>that ipsisted as I recall twenty four thousand people thirty

0:28:59.040 --> 0:29:02.640
<v Speaker 3>one countries. Most people were still very admiring of or

0:29:02.680 --> 0:29:06.160
<v Speaker 3>not admiring, thought that America did more good in the

0:29:06.200 --> 0:29:09.520
<v Speaker 3>world than China or Russia by far. But when asked

0:29:09.560 --> 0:29:14.120
<v Speaker 3>what model people liked, Europe was number one, America was

0:29:14.200 --> 0:29:17.600
<v Speaker 3>number two. In a way, Europe has done something very extraordinary,

0:29:17.600 --> 0:29:20.200
<v Speaker 3>even as it has declined in terms of raw power,

0:29:20.880 --> 0:29:24.960
<v Speaker 3>it has shown that past a certain level of economic wealth,

0:29:26.520 --> 0:29:31.360
<v Speaker 3>what matters is not just sheer economic wealth. What matters

0:29:31.400 --> 0:29:35.000
<v Speaker 3>is quality of life. What matters a certain level of

0:29:35.040 --> 0:29:37.360
<v Speaker 3>equality and things like that. You know the Europeans have.

0:29:37.720 --> 0:29:41.320
<v Speaker 3>As you know, for most of history, a kind of

0:29:41.600 --> 0:29:45.760
<v Speaker 3>general quality of life was closely correlated with wealth. The

0:29:45.880 --> 0:29:49.680
<v Speaker 3>richer you were, the better. And what's happened in the

0:29:49.720 --> 0:29:52.320
<v Speaker 3>most in the richest countries in the world is that

0:29:52.360 --> 0:29:55.800
<v Speaker 3>has now gotten decoupled. I think most people would say

0:29:55.840 --> 0:29:59.600
<v Speaker 3>that they would prefer to live as an average person

0:29:59.640 --> 0:30:02.080
<v Speaker 3>in your Europe than they would in Americas. It's so

0:30:02.280 --> 0:30:06.000
<v Speaker 3>great to be rich in America, probably better than anywhere else.

0:30:06.040 --> 0:30:09.040
<v Speaker 3>But for the average person, I think Europe is the model.

0:30:09.520 --> 0:30:12.320
<v Speaker 2>Absolutely, And this brings me on to the final thing

0:30:12.320 --> 0:30:14.959
<v Speaker 2>I want to talk about, which is the notion of

0:30:15.120 --> 0:30:20.680
<v Speaker 2>a liberal hegimen. That since about eighteen hundred we've pretty

0:30:20.720 --> 0:30:24.600
<v Speaker 2>much always had a liberal hegimen, starting off with Britain, which,

0:30:24.640 --> 0:30:27.000
<v Speaker 2>for all its faults, is wedded to a certain set

0:30:27.040 --> 0:30:30.880
<v Speaker 2>of liberal values and a certain set of liberal norms

0:30:30.920 --> 0:30:34.120
<v Speaker 2>about how to run into national affairs. America takes over

0:30:34.160 --> 0:30:36.960
<v Speaker 2>that position. It's a bit of a messy handover. But

0:30:37.160 --> 0:30:40.560
<v Speaker 2>even during the sort of the messiest part of the handover,

0:30:40.560 --> 0:30:43.600
<v Speaker 2>the nineteen twenties and nineteen thirties, America is essentially a

0:30:43.600 --> 0:30:46.960
<v Speaker 2>liberal power which is in a state of retrenchment. And

0:30:47.000 --> 0:30:50.360
<v Speaker 2>then of course after forty five America takes up the

0:30:50.360 --> 0:30:54.880
<v Speaker 2>burden and becomes the great liberal hegimen. We are now,

0:30:55.440 --> 0:30:57.680
<v Speaker 2>as far as I can see, in danger of having

0:30:57.960 --> 0:31:01.160
<v Speaker 2>a hegeman which is not a liberal power. I mean

0:31:01.200 --> 0:31:04.800
<v Speaker 2>by that that Trump and JD. Vance are not liberals.

0:31:05.200 --> 0:31:07.840
<v Speaker 2>They will be in charge of the world's most powerful country,

0:31:08.080 --> 0:31:10.040
<v Speaker 2>but wedded to a set of policies and a set

0:31:10.080 --> 0:31:14.600
<v Speaker 2>of assumptions which we haven't seen in two hundred years.

0:31:15.280 --> 0:31:17.120
<v Speaker 2>Is that true? And if so, does it worry you?

0:31:17.680 --> 0:31:21.240
<v Speaker 3>It worries me deeply. So there are two problems. One

0:31:21.520 --> 0:31:24.520
<v Speaker 3>I think is exactly what you say with Trump and Vance,

0:31:24.600 --> 0:31:29.640
<v Speaker 3>who fundamentally reject that kind of open liberal internationalism that

0:31:29.760 --> 0:31:34.280
<v Speaker 3>really has been practiced by every American administration since FDR.

0:31:35.000 --> 0:31:37.840
<v Speaker 3>I think what we are watching historically, I mean, it

0:31:37.880 --> 0:31:41.400
<v Speaker 3>comes straight out of my book, is that the period

0:31:41.440 --> 0:31:47.160
<v Speaker 3>of high open globalization immigration led to a backlash in

0:31:47.200 --> 0:31:49.960
<v Speaker 3>the twenties, as you note, and you know, the United

0:31:49.960 --> 0:31:53.880
<v Speaker 3>States ended up very closed with the immigration policy much

0:31:53.920 --> 0:31:59.080
<v Speaker 3>more restrictive than anything Trump or Vance as proposing. And

0:31:59.320 --> 0:32:03.960
<v Speaker 3>maybe we're watching a similar kind of retreat or turning back.

0:32:04.840 --> 0:32:07.160
<v Speaker 3>But there's a you know, the optimist in me hopes,

0:32:07.320 --> 0:32:11.000
<v Speaker 3>just as the twenties didn't last forever, that that will

0:32:11.000 --> 0:32:13.040
<v Speaker 3>be reversed. I hope it doesn't take a world war

0:32:13.120 --> 0:32:17.120
<v Speaker 3>to do that. But I think that there's a I'm

0:32:17.240 --> 0:32:21.840
<v Speaker 3>still I still believe that the larger liberal project is

0:32:21.920 --> 0:32:25.200
<v Speaker 3>so it benefits so many countries, it benefits so many

0:32:25.280 --> 0:32:29.120
<v Speaker 3>human beings around the world, that ultimately, you know, we

0:32:29.160 --> 0:32:32.040
<v Speaker 3>will come to we will come to realize that. For example,

0:32:32.280 --> 0:32:34.800
<v Speaker 3>I don't think Europe will go in that direction if

0:32:34.840 --> 0:32:37.160
<v Speaker 3>America goes in that direction. I don't think this is

0:32:37.200 --> 0:32:40.000
<v Speaker 3>a case you know, for one thing, other countries can't

0:32:40.080 --> 0:32:42.920
<v Speaker 3>become as protectionists as America because they don't have the option.

0:32:43.640 --> 0:32:46.160
<v Speaker 3>The US is a huge internal market. You know, there

0:32:46.160 --> 0:32:48.400
<v Speaker 3>are only two countries that can really thrive in this

0:32:48.480 --> 0:32:52.160
<v Speaker 3>kind of America first World, ironically, and that's America and China,

0:32:52.600 --> 0:32:55.520
<v Speaker 3>the two vast internal markets. But for a country like

0:32:55.560 --> 0:33:00.000
<v Speaker 3>Britain or Germany, where trade is almost half the economy,

0:33:00.120 --> 0:33:03.080
<v Speaker 3>you can't, you know, you can't succeed. So I think

0:33:03.160 --> 0:33:06.280
<v Speaker 3>that there will be a kind of self limiting quality

0:33:06.320 --> 0:33:08.720
<v Speaker 3>to it. I think the fact that half of America

0:33:08.760 --> 0:33:12.280
<v Speaker 3>doesn't agree with what Trump and Vans agree with helps enormously.

0:33:12.760 --> 0:33:16.240
<v Speaker 3>The second problem, though, is harder, which is this decline

0:33:16.240 --> 0:33:21.160
<v Speaker 3>of American influence. We've never had a world, a liberal

0:33:21.240 --> 0:33:26.480
<v Speaker 3>world without a liberal hegemon. And if the liberal hegemon

0:33:26.560 --> 0:33:29.720
<v Speaker 3>is getting weaker in influence of not in raw power,

0:33:30.400 --> 0:33:33.160
<v Speaker 3>how do you sustain that. My hope is that you

0:33:33.200 --> 0:33:37.000
<v Speaker 3>can have a kind of coalition of liberal powers Europe,

0:33:37.120 --> 0:33:42.640
<v Speaker 3>the United States, Japan, Australia, countries like Singapore, even countries

0:33:42.680 --> 0:33:45.040
<v Speaker 3>like Saudi Arabia. At the end of the they want

0:33:45.040 --> 0:33:49.360
<v Speaker 3>an open international system. But would that work, you know,

0:33:49.480 --> 0:33:54.480
<v Speaker 3>We've never had power that way shared that way. You've

0:33:54.520 --> 0:33:58.400
<v Speaker 3>never we've never had the world run by committee, and

0:33:58.520 --> 0:34:01.440
<v Speaker 3>that is a real puzzle. But we are going to

0:34:01.520 --> 0:34:05.960
<v Speaker 3>run this experiment, both experiments. You know, probably if you

0:34:06.000 --> 0:34:09.640
<v Speaker 3>assume Trump wins, we have to try the experiment of

0:34:09.680 --> 0:34:13.160
<v Speaker 3>a coalition of liberal powers, and in a way, that's

0:34:13.200 --> 0:34:15.799
<v Speaker 3>a more stable you know, in the long term, you

0:34:15.840 --> 0:34:17.879
<v Speaker 3>can't just hope that you're always going to have one

0:34:18.040 --> 0:34:21.839
<v Speaker 3>enormous liberal hegemon. Maybe you have to hope that enough

0:34:21.840 --> 0:34:24.680
<v Speaker 3>of the world is converted to this idea because it

0:34:24.760 --> 0:34:27.000
<v Speaker 3>really does help everyone. You know. That's why at the

0:34:27.120 --> 0:34:30.279
<v Speaker 3>end of the day, I'm an optimist, because I do

0:34:30.360 --> 0:34:33.080
<v Speaker 3>believe that these are better values.

0:34:33.760 --> 0:34:35.920
<v Speaker 2>But that means Europe stepping up a bit more in

0:34:36.000 --> 0:34:39.279
<v Speaker 2>terms of defense spending, in terms of acting on the

0:34:39.320 --> 0:34:43.760
<v Speaker 2>global stage, of course, but it's very hard for Europe

0:34:43.760 --> 0:34:47.239
<v Speaker 2>to do that at a time when America is treating

0:34:47.440 --> 0:34:50.560
<v Speaker 2>and embracing a set of values which sometimes look like

0:34:50.840 --> 0:34:53.080
<v Speaker 2>more like the values of autocracies than they do like

0:34:53.120 --> 0:34:55.080
<v Speaker 2>liberal powers. I mean, even if you go back to

0:34:55.120 --> 0:34:58.200
<v Speaker 2>the nineteen twenties and thirties, you know, the Harding and

0:34:58.280 --> 0:35:02.279
<v Speaker 2>Coolidge sort of seem half liberal and half not. I mean,

0:35:02.320 --> 0:35:07.600
<v Speaker 2>both Trump and Vance do seem to be very hostile

0:35:08.080 --> 0:35:09.680
<v Speaker 2>to the liberal project.

0:35:10.160 --> 0:35:14.279
<v Speaker 3>There's a possibility that that actually spurs the Europeans to

0:35:14.360 --> 0:35:18.280
<v Speaker 3>do more absolutely for example, on you know, on defense,

0:35:18.640 --> 0:35:22.359
<v Speaker 3>they realize they have no option and they do it. Look,

0:35:22.400 --> 0:35:26.920
<v Speaker 3>it's it's back to that ageal struggle between tribalism and liberalism.

0:35:27.000 --> 0:35:29.880
<v Speaker 3>Because in a way, the Europeans talk a good game,

0:35:30.320 --> 0:35:32.200
<v Speaker 3>but at the but at the end of the day,

0:35:32.320 --> 0:35:35.400
<v Speaker 3>you know, the Paris wants to make French foreign policy

0:35:35.880 --> 0:35:38.600
<v Speaker 3>and Berlin wants to make German foreign policy, and they

0:35:38.680 --> 0:35:43.440
<v Speaker 3>talk about delegating and having a unified strategic European foreign policy.

0:35:43.480 --> 0:35:45.840
<v Speaker 3>But you know, they don't want to give up the

0:35:45.960 --> 0:35:50.440
<v Speaker 3>national chauvinism and you know, so so maybe this is

0:35:50.560 --> 0:35:54.839
<v Speaker 3>a bit more of a spur for it happening. I

0:35:54.920 --> 0:35:58.879
<v Speaker 3>also do think that maybe I'm wrong about this, but

0:35:59.040 --> 0:36:03.319
<v Speaker 3>the trumpad clash is, you know, it's not the wave

0:36:03.400 --> 0:36:05.520
<v Speaker 3>of the future. I mean, look at the people who

0:36:05.600 --> 0:36:09.480
<v Speaker 3>vote for Trump. They're older, they're wider, they're they're you know,

0:36:09.560 --> 0:36:12.080
<v Speaker 3>this is the part of America that is fading, and

0:36:12.320 --> 0:36:15.640
<v Speaker 3>it might take a while to fade. But there is

0:36:15.680 --> 0:36:19.920
<v Speaker 3>a demographic reality to the change that's taking place, so

0:36:20.760 --> 0:36:22.120
<v Speaker 3>you know it can't go on forever.

0:36:22.400 --> 0:36:24.120
<v Speaker 2>I think the's truth in that, but I also think

0:36:24.160 --> 0:36:29.640
<v Speaker 2>that liberalism needs to examine itself and reform itself and

0:36:29.840 --> 0:36:33.600
<v Speaker 2>defend both the liberal cause but also the interests of

0:36:33.680 --> 0:36:36.239
<v Speaker 2>ordinary working, working people a bit better than it has.

0:36:36.760 --> 0:36:39.080
<v Speaker 2>But Freed, thank you, thank you very much for everything

0:36:39.080 --> 0:36:40.160
<v Speaker 2>you've said and for being here.

0:36:40.440 --> 0:36:42.680
<v Speaker 3>Arian's a huge pleasure to have this conversation.

0:36:42.840 --> 0:36:49.759
<v Speaker 2>Thank you, thanks for listening to this week's Photonomics from Bloomberg.

0:36:50.160 --> 0:36:53.719
<v Speaker 2>This episode was hosted by me Adrian Woodridge. It was

0:36:53.760 --> 0:36:58.680
<v Speaker 2>produced by Samasadi, with booking support from Chris Martleau, production

0:36:58.800 --> 0:37:02.800
<v Speaker 2>support and sound design from Moshus and m Random. Francis

0:37:02.920 --> 0:37:06.680
<v Speaker 2>Newnham is our executive producer. Sage Bowman is Head of

0:37:06.760 --> 0:37:11.400
<v Speaker 2>Podcasts Special thanks to Farid Zacaria. Please subscribe, rate, and

0:37:11.520 --> 0:37:14.520
<v Speaker 2>review highly wherever you listen to our podcasts.