1 00:00:00,160 --> 00:00:04,920 Speaker 1: Nice broadcasting live from the Abraham Lincoln Radio Studio, the 2 00:00:05,000 --> 00:00:11,040 Speaker 1: George Washington Broadcast Center, Jack Armstrong, Shoe, Katty Armstrong and Jettie. 3 00:00:10,920 --> 00:00:12,080 Speaker 2: And Gee. 4 00:00:14,640 --> 00:00:22,520 Speaker 3: Armstrong and Gaudy Strong. Not live from Studio Sea, not live, Senior. 5 00:00:23,079 --> 00:00:25,320 Speaker 3: We're in a dimly lit room deep with them, the vials. 6 00:00:25,000 --> 00:00:27,840 Speaker 4: Of the Armstrong and Getty Communications Compound on this Monday, 7 00:00:27,960 --> 00:00:30,200 Speaker 4: and we're under the tutelage of our general manager. 8 00:00:30,560 --> 00:00:33,760 Speaker 5: The Christmas season which is well underway. Christmas Day just 9 00:00:33,840 --> 00:00:36,159 Speaker 5: a few days away. Ho ho ho ho ho, and 10 00:00:36,280 --> 00:00:38,960 Speaker 5: our early gift to you, our leftovers so. 11 00:00:39,120 --> 00:00:42,479 Speaker 4: Delicious, So sit back and enjoy the Armstrong and Getty replay. 12 00:00:42,680 --> 00:00:46,040 Speaker 6: The House voted to release the Epstein files and if 13 00:00:46,080 --> 00:00:47,120 Speaker 6: to day couldn't get any. 14 00:00:47,000 --> 00:00:47,560 Speaker 2: Worse for Trump. 15 00:00:47,560 --> 00:00:49,760 Speaker 6: Halfway through the vote there was a performance from Bad 16 00:00:49,800 --> 00:00:55,400 Speaker 6: Bunny on The final vote was four and a twenty 17 00:00:55,440 --> 00:00:59,760 Speaker 6: seven to one. I mean, it just goes the show. 18 00:00:59,800 --> 00:01:05,720 Speaker 6: Every has that one weirdo, you know, charming efforts at humor. 19 00:01:06,720 --> 00:01:10,399 Speaker 5: How the narrative has taken shape that this is bad 20 00:01:10,520 --> 00:01:14,480 Speaker 5: for Trump to the extent that his young liberal audience 21 00:01:14,600 --> 00:01:18,959 Speaker 5: cheered and all Trump is so interesting, mostly through Trump's 22 00:01:20,400 --> 00:01:21,400 Speaker 5: you know, resistance to it. 23 00:01:21,440 --> 00:01:24,520 Speaker 4: I guess yeah, because your your your natural reaction is 24 00:01:25,240 --> 00:01:26,199 Speaker 4: he doesn't want this to happen. 25 00:01:26,200 --> 00:01:28,800 Speaker 2: There must be something back which may not. He never 26 00:01:28,920 --> 00:01:31,480 Speaker 2: offered like a real explanation of why he was against it. 27 00:01:31,560 --> 00:01:35,360 Speaker 2: It's a it's a stupid We'll talk more about that 28 00:01:35,440 --> 00:01:37,200 Speaker 2: an hour four. We talk to a lot about it 29 00:01:37,240 --> 00:01:38,520 Speaker 2: in now or two one end two. 30 00:01:38,920 --> 00:01:41,200 Speaker 4: There's a bunch there and this might be our slide 31 00:01:41,240 --> 00:01:45,640 Speaker 4: into the country being really reality television if this sets 32 00:01:45,640 --> 00:01:47,240 Speaker 4: a precedent, But more on that later. 33 00:01:47,360 --> 00:01:50,280 Speaker 2: One to talk about. First of all this I got 34 00:01:50,360 --> 00:01:51,360 Speaker 2: a text. 35 00:01:51,240 --> 00:01:53,160 Speaker 4: From a friend of mine. I thought this was pretty 36 00:01:53,240 --> 00:01:58,120 Speaker 4: damn funny. She is in her mid forties, an attractive 37 00:01:58,160 --> 00:02:01,120 Speaker 4: woman in her mid forties. She said, I'm going to 38 00:02:01,200 --> 00:02:03,960 Speaker 4: create a website called Older Fans, and it's just me 39 00:02:04,120 --> 00:02:07,000 Speaker 4: telling people what part of my body hurts today and 40 00:02:07,080 --> 00:02:08,520 Speaker 4: what minuscule task I was. 41 00:02:08,560 --> 00:02:14,880 Speaker 2: Doing that coused it. Oh that's priceless, well done. Yeah 42 00:02:14,919 --> 00:02:15,799 Speaker 2: that is really good. 43 00:02:16,480 --> 00:02:16,679 Speaker 5: Yeah. 44 00:02:17,000 --> 00:02:19,040 Speaker 4: You get on there and you're dressed, you know whatever, 45 00:02:19,040 --> 00:02:22,239 Speaker 4: your addressed, sexy, and say today my knee hurts because 46 00:02:22,320 --> 00:02:25,000 Speaker 4: yesterday I had to do something and now I was 47 00:02:25,080 --> 00:02:26,520 Speaker 4: gardening and my knee hurts. 48 00:02:26,960 --> 00:02:29,560 Speaker 5: I walked up four stairs and I hurt my knee 49 00:02:29,639 --> 00:02:32,800 Speaker 5: how I don't know later Faye, Yeah. 50 00:02:32,960 --> 00:02:36,600 Speaker 2: Hanson says he wants to be the first subscriber that's brilliant. 51 00:02:36,680 --> 00:02:38,360 Speaker 2: Ten out of ten, My dear well played. 52 00:02:38,600 --> 00:02:40,280 Speaker 4: So if you haven't found in the stock market, it's 53 00:02:40,280 --> 00:02:42,799 Speaker 4: had a rough week or so and it's almost all AI, 54 00:02:43,000 --> 00:02:46,000 Speaker 4: well allmost all of the growth in the stock market 55 00:02:46,040 --> 00:02:48,679 Speaker 4: over the last couple of years has been AI, and 56 00:02:48,800 --> 00:02:51,320 Speaker 4: so a downturn is around AI, and it's concerned that 57 00:02:51,520 --> 00:02:53,760 Speaker 4: the bubble's about to burst and that sort of stuff. 58 00:02:53,840 --> 00:02:58,000 Speaker 2: Huge day to day. Why in Vidia, which is a 59 00:02:58,040 --> 00:02:59,840 Speaker 2: big chip maker, which. 60 00:02:59,840 --> 00:03:01,919 Speaker 4: The common thing to say in the stock market world 61 00:03:02,040 --> 00:03:05,840 Speaker 4: right now is as goes in video goes the stock market. 62 00:03:06,160 --> 00:03:07,600 Speaker 2: That's how big a deal they are. 63 00:03:08,280 --> 00:03:10,320 Speaker 4: They're going to announce their earnings at the close of 64 00:03:10,360 --> 00:03:14,720 Speaker 4: the bell today, so around four thirty Eastern time, they'll 65 00:03:14,720 --> 00:03:20,120 Speaker 4: put out their earnings and this might shore up this 66 00:03:20,400 --> 00:03:23,560 Speaker 4: concern that it's a bubble, depending on how well they do. 67 00:03:23,720 --> 00:03:25,720 Speaker 2: Where analysts expect. 68 00:03:25,440 --> 00:03:26,000 Speaker 5: To dig this. 69 00:03:26,800 --> 00:03:29,560 Speaker 4: Analysts expect the chip behemoth to show more than a 70 00:03:30,120 --> 00:03:35,400 Speaker 4: fifty percent growth in that income and revenue. 71 00:03:35,920 --> 00:03:42,520 Speaker 2: This quarter. Ooh, corner moving up. Yeah, I would say 72 00:03:42,600 --> 00:03:44,840 Speaker 2: that will shore up the whole This is a bubble 73 00:03:44,920 --> 00:03:50,160 Speaker 2: thing up. There's the stock market. I mean, it still 74 00:03:50,200 --> 00:03:51,800 Speaker 2: could be a bubble, but the bubble ain't about. 75 00:03:51,920 --> 00:03:55,160 Speaker 4: It ain't over yet, except as you've pointed out that 76 00:03:55,320 --> 00:03:56,680 Speaker 4: whole incestuous thing. 77 00:03:57,120 --> 00:04:00,480 Speaker 5: In Vidia's profits mostly came from you know, an AI, 78 00:04:00,600 --> 00:04:03,680 Speaker 5: whose profits mostly came from in video, whose profits mostly 79 00:04:03,760 --> 00:04:06,120 Speaker 5: came from cloud services from Amazon. 80 00:04:05,800 --> 00:04:08,240 Speaker 2: I can veal you, right, and this is from Bloomberg. 81 00:04:08,360 --> 00:04:11,800 Speaker 4: So they're expecting in Vidia to announce a fifty percent 82 00:04:11,920 --> 00:04:13,680 Speaker 4: growth in both net income in revenue. 83 00:04:13,720 --> 00:04:14,720 Speaker 2: It's fiscal third quarter. 84 00:04:14,800 --> 00:04:19,599 Speaker 4: The reason is straightforward, says here, Microsoft, Amazon, Alphabet that's Google. 85 00:04:20,080 --> 00:04:24,320 Speaker 4: That's that's Google, right, and Meta, which is Facebook and Zuckerberg, 86 00:04:25,200 --> 00:04:29,479 Speaker 4: all taken together represent more than forty percent of video's sales. 87 00:04:30,480 --> 00:04:32,200 Speaker 2: So they're buying the chips for AI. 88 00:04:32,680 --> 00:04:32,920 Speaker 3: Yeah. 89 00:04:33,360 --> 00:04:37,440 Speaker 4: Yeah, And they're projected to increase their combined AI spending 90 00:04:37,560 --> 00:04:42,719 Speaker 4: by thirty four percent over the next year. They've been 91 00:04:42,800 --> 00:04:47,080 Speaker 4: throwing money at AI like crazy, and those companies that 92 00:04:47,160 --> 00:04:48,800 Speaker 4: I all just mentioned are going to increase it by 93 00:04:48,839 --> 00:04:54,680 Speaker 4: a third over the next twelve months. It's expected Holy crap, 94 00:04:55,880 --> 00:05:00,040 Speaker 4: it's a gold Russian. Nobody's sure there's gold. So I 95 00:05:00,080 --> 00:05:01,600 Speaker 4: was talking to yesterday about how much I read and 96 00:05:01,680 --> 00:05:06,360 Speaker 4: listened to about AI. Joe was asking why. For me, 97 00:05:06,560 --> 00:05:08,600 Speaker 4: it's I think it might be the biggest thing that's 98 00:05:08,600 --> 00:05:10,360 Speaker 4: ever happened on planet Earth, so I would like to 99 00:05:10,440 --> 00:05:11,200 Speaker 4: know as much about. 100 00:05:11,040 --> 00:05:11,679 Speaker 2: It as possible. 101 00:05:12,120 --> 00:05:14,159 Speaker 5: And the reason I asked was, it seems like uncertainty 102 00:05:14,240 --> 00:05:16,880 Speaker 5: piled on uncertainty, and it's just at some point you 103 00:05:17,000 --> 00:05:17,800 Speaker 5: get okay, we're not. 104 00:05:17,839 --> 00:05:19,600 Speaker 2: Sure, boy, I highly recommend. 105 00:05:19,680 --> 00:05:21,840 Speaker 4: Steve Hayes of The Dispatch did an interview with a 106 00:05:21,920 --> 00:05:24,880 Speaker 4: podcast guy the other day that broke it down, like 107 00:05:25,040 --> 00:05:27,560 Speaker 4: really long conversations into about an hour, so if you're 108 00:05:27,600 --> 00:05:31,000 Speaker 4: interested in it. All he had on the guy from 109 00:05:31,160 --> 00:05:35,200 Speaker 4: the podcast The Last Invention, which I've gotten into now. 110 00:05:35,680 --> 00:05:36,640 Speaker 2: It's really good. 111 00:05:36,720 --> 00:05:38,920 Speaker 4: It gets into the history of all this, which is 112 00:05:38,960 --> 00:05:40,799 Speaker 4: what I was going to talk about now. The history 113 00:05:40,839 --> 00:05:43,440 Speaker 4: of AI. AI got a really big start in the 114 00:05:43,600 --> 00:05:46,520 Speaker 4: fifties and we got to jump on it and had 115 00:05:46,960 --> 00:05:51,600 Speaker 4: almost all your sci fi and projections of flying cars 116 00:05:51,680 --> 00:05:53,919 Speaker 4: and all that sort of stuff that if you're older 117 00:05:54,000 --> 00:05:57,800 Speaker 4: you grew up with all came out of this rush 118 00:05:57,839 --> 00:06:01,920 Speaker 4: toward AI in the fifties and it just got stuck 119 00:06:02,080 --> 00:06:04,400 Speaker 4: for some reason. And I haven't heard an explanation for that. 120 00:06:05,200 --> 00:06:08,960 Speaker 4: I suspect it's just computing power wasn't there. Just Plane 121 00:06:09,440 --> 00:06:12,279 Speaker 4: didn't have the computing power at the time to pull 122 00:06:12,360 --> 00:06:15,560 Speaker 4: off their ideas behind AI. And then with Moore's law, 123 00:06:15,640 --> 00:06:20,679 Speaker 4: with computer power computing computing power doubling roughly every eighteen 124 00:06:20,760 --> 00:06:23,040 Speaker 4: months over the last many and many decades, we've gotten 125 00:06:23,080 --> 00:06:25,919 Speaker 4: to point now that chips are so fast and processing 126 00:06:26,040 --> 00:06:28,359 Speaker 4: speeds are so great that they can do the stuff 127 00:06:28,400 --> 00:06:31,360 Speaker 4: that they thought about a very long time ago, which 128 00:06:31,400 --> 00:06:37,800 Speaker 4: is interesting. Now I'm a doomer in the three camps 129 00:06:37,839 --> 00:06:42,040 Speaker 4: that that particular podcast talks about. The real polar opposites 130 00:06:42,080 --> 00:06:44,039 Speaker 4: are the doomers like me that think this is going 131 00:06:44,120 --> 00:06:46,720 Speaker 4: to be the end of mankind. It's going to be 132 00:06:46,760 --> 00:06:48,479 Speaker 4: the worst thing that ever happened to us. It's coming, 133 00:06:48,520 --> 00:06:51,000 Speaker 4: whether we like it or not. How quickly it ends 134 00:06:51,040 --> 00:06:53,560 Speaker 4: is I don't know, in my lifetime or not. 135 00:06:53,720 --> 00:06:54,880 Speaker 2: I don't know. We'll find out. 136 00:06:55,000 --> 00:06:58,160 Speaker 4: And then you got the accelerators he calls them, or 137 00:06:58,200 --> 00:06:59,560 Speaker 4: the people that say this is going to be the 138 00:06:59,600 --> 00:07:03,000 Speaker 4: greatest thing that ever happened to mankind. Well, it's split 139 00:07:03,120 --> 00:07:06,400 Speaker 4: between two crowds, the accelerators. I think I mentioned this yesterday. 140 00:07:06,600 --> 00:07:08,159 Speaker 4: You've got the this is going to be the greatest 141 00:07:08,160 --> 00:07:10,080 Speaker 4: thing for mankind. We're going to cure all the diseases. 142 00:07:10,360 --> 00:07:12,200 Speaker 4: We're going to live to be one hundred and fifty, 143 00:07:12,520 --> 00:07:14,320 Speaker 4: nobody's going to have to work. It's going to be 144 00:07:14,680 --> 00:07:17,600 Speaker 4: the like Heaven on Earth. Everybody is hoped for since 145 00:07:17,600 --> 00:07:21,160 Speaker 4: the dawn of time. Half the accelerators believe that. The 146 00:07:21,240 --> 00:07:23,200 Speaker 4: other half the accelerators think no, no, no, I think 147 00:07:23,200 --> 00:07:25,559 Speaker 4: it's going to be the worst thing that ever happened. 148 00:07:25,720 --> 00:07:28,600 Speaker 4: But better that we get it first rather than the Chinese. 149 00:07:29,000 --> 00:07:31,680 Speaker 4: So that's why I'm all for plowing forward as fast 150 00:07:31,720 --> 00:07:34,760 Speaker 4: as we can. But as listening to this podcast guy 151 00:07:34,880 --> 00:07:39,240 Speaker 4: yesterday from the Last Invention talk about how safety ism 152 00:07:39,440 --> 00:07:41,760 Speaker 4: is what's driving the doomers. He was just presenting the 153 00:07:41,800 --> 00:07:46,640 Speaker 4: different arguments, and there's no doubt that we have a 154 00:07:46,720 --> 00:07:51,200 Speaker 4: safetyism problem in our culture, no doubt whatsoever. The entire 155 00:07:51,280 --> 00:07:54,360 Speaker 4: Western world. Yeah, the entire Western world. We don't let 156 00:07:54,480 --> 00:07:57,640 Speaker 4: kids play tag at school. We put rubber bumpers on 157 00:07:57,720 --> 00:08:00,360 Speaker 4: the corner of our tables when our kids are little. 158 00:08:00,640 --> 00:08:02,440 Speaker 4: I mean, just all these different things that we do. 159 00:08:02,640 --> 00:08:07,000 Speaker 4: We won't let our kids play outside there's a park, 160 00:08:07,080 --> 00:08:09,040 Speaker 4: on their own whatever. Yeah, we've got a millions of 161 00:08:09,080 --> 00:08:11,600 Speaker 4: examples of this. And the guy was talking about how 162 00:08:11,720 --> 00:08:14,000 Speaker 4: we didn't used to be like that culturally. When the 163 00:08:14,160 --> 00:08:18,760 Speaker 4: automobile was first invented and then started to become mass 164 00:08:18,800 --> 00:08:21,440 Speaker 4: produced and going, we didn't get seat belts into what 165 00:08:22,680 --> 00:08:25,000 Speaker 4: They didn't put seat belts in cars at all for 166 00:08:25,040 --> 00:08:26,960 Speaker 4: a very very very long time, and then they weren't 167 00:08:27,040 --> 00:08:29,200 Speaker 4: mandated in this country until what the nineties. 168 00:08:29,320 --> 00:08:30,760 Speaker 2: I don't even know when that happened. It was a 169 00:08:30,840 --> 00:08:31,280 Speaker 2: long time. 170 00:08:32,480 --> 00:08:35,679 Speaker 4: And he makes the point that everybody wasn't pushing back 171 00:08:35,720 --> 00:08:37,760 Speaker 4: on the automobile. You know, how many people are going 172 00:08:37,840 --> 00:08:40,200 Speaker 4: to die from this? And what about all the jobs 173 00:08:40,240 --> 00:08:42,400 Speaker 4: that are going to be lost from people that farm 174 00:08:42,480 --> 00:08:44,880 Speaker 4: with horses and this and that and all these different things. 175 00:08:44,920 --> 00:08:48,120 Speaker 2: It's going to destroy these interesting No, we just plowed ahead. 176 00:08:47,840 --> 00:08:50,319 Speaker 4: With this new invention that was super cool and it 177 00:08:50,400 --> 00:08:52,720 Speaker 4: was the latest technology, and we just full steam ahead. 178 00:08:52,880 --> 00:08:55,480 Speaker 4: For example, on the danger of it, the peak of 179 00:08:55,559 --> 00:08:57,679 Speaker 4: highway deads. I did the research on this yesterday. It 180 00:08:57,800 --> 00:08:59,920 Speaker 4: was in nineteen seventy. I think it was about FI 181 00:09:00,000 --> 00:09:03,320 Speaker 4: fifty eight thousand deads. With a much smaller population, that'd 182 00:09:03,360 --> 00:09:07,920 Speaker 4: be the equivalent of ninety five thousand highway deaths today. 183 00:09:09,000 --> 00:09:12,000 Speaker 4: We were willing to put up with in nineteen seventy 184 00:09:12,640 --> 00:09:15,319 Speaker 4: because we just thought the technology was important enough, it 185 00:09:15,480 --> 00:09:17,520 Speaker 4: changed our lives enough in a positive way. 186 00:09:18,240 --> 00:09:21,199 Speaker 2: We were just plowing forward. That's the way we used 187 00:09:21,200 --> 00:09:21,880 Speaker 2: to look at things. 188 00:09:22,520 --> 00:09:24,720 Speaker 5: Yeah, I'm tempted to go off on a tangent about 189 00:09:24,720 --> 00:09:28,320 Speaker 5: SAFETYSM and how our acceptance that humans live and then 190 00:09:28,400 --> 00:09:32,120 Speaker 5: they die and perhaps there's a better place afterward has 191 00:09:32,200 --> 00:09:34,760 Speaker 5: given way too. We've got to prolong our lives as 192 00:09:34,920 --> 00:09:39,160 Speaker 5: long as possible, no matter what it costs culturally speaking. 193 00:09:39,280 --> 00:09:41,640 Speaker 4: But back to you, But here was an invention that 194 00:09:41,800 --> 00:09:44,400 Speaker 4: was clearly going to kill lots of people, and the 195 00:09:44,520 --> 00:09:46,640 Speaker 4: data was there right in front of us that it 196 00:09:46,800 --> 00:09:47,920 Speaker 4: was killing lots of people. 197 00:09:48,200 --> 00:09:50,000 Speaker 2: For a long time. I mean, there were lots of 198 00:09:50,080 --> 00:09:52,600 Speaker 2: highway deaths in the fifties and the sixties. We kept 199 00:09:52,679 --> 00:09:56,439 Speaker 2: moving forward or faster and more powerful callers, and it wasn't. 200 00:09:57,800 --> 00:09:59,840 Speaker 4: People afraid to get in them. And then, like I said, 201 00:10:00,360 --> 00:10:02,560 Speaker 4: what will this do to society blah blah. I mean, 202 00:10:02,559 --> 00:10:04,720 Speaker 4: there were those articles, you can find them. 203 00:10:04,720 --> 00:10:05,480 Speaker 2: They're hilarious. 204 00:10:06,640 --> 00:10:09,160 Speaker 4: But we plowed forward and then a lot of the 205 00:10:09,880 --> 00:10:13,360 Speaker 4: naysaying about AI now fits in with our safetyism. I 206 00:10:13,400 --> 00:10:15,400 Speaker 4: don't know if I fully buy this argument, because I 207 00:10:15,440 --> 00:10:18,640 Speaker 4: think AI is going to doom us and it'll be 208 00:10:18,720 --> 00:10:20,360 Speaker 4: the end of society and the end of mankind and 209 00:10:20,400 --> 00:10:22,840 Speaker 4: all these different sorts of things. But there's no doubt 210 00:10:22,880 --> 00:10:26,960 Speaker 4: we have a safetyism problem in the country, and any 211 00:10:27,200 --> 00:10:29,360 Speaker 4: modern invention now, if you tried to get the car, 212 00:10:29,559 --> 00:10:33,120 Speaker 4: for instance, going now, there'd be so much pushback around 213 00:10:33,160 --> 00:10:35,480 Speaker 4: the danger and the changes to our economy and we 214 00:10:35,559 --> 00:10:38,880 Speaker 4: probably shouldn't. We're more of a probably shouldn't society now 215 00:10:39,480 --> 00:10:40,640 Speaker 4: than we were back in the day. 216 00:10:41,040 --> 00:10:41,959 Speaker 2: There's no doubt about it. 217 00:10:42,480 --> 00:10:48,120 Speaker 5: My favorite saying safety, third, innovation, adventure, then safety. 218 00:10:49,040 --> 00:10:51,280 Speaker 4: I look forward to listening to the episode of the 219 00:10:51,400 --> 00:10:55,000 Speaker 4: podcast from the Last Invention where it gets to the accelerators, 220 00:10:55,880 --> 00:10:58,240 Speaker 4: not the ones that think we need to accelerate just 221 00:10:58,280 --> 00:11:00,480 Speaker 4: to stay ahead of China, but the accelerate that think 222 00:11:00,480 --> 00:11:03,120 Speaker 4: it's going to bring about the greatest time in human history. 223 00:11:03,480 --> 00:11:08,720 Speaker 4: I think those people are nuts, I mean, like crazy crazy, 224 00:11:09,240 --> 00:11:13,400 Speaker 4: don't understand human nature at all, nuts so that they 225 00:11:13,480 --> 00:11:17,280 Speaker 4: think nobody's gonna have to work is going to lead 226 00:11:17,520 --> 00:11:18,640 Speaker 4: up to a positive outcome. 227 00:11:18,720 --> 00:11:19,440 Speaker 3: I couldn't. 228 00:11:20,480 --> 00:11:21,440 Speaker 2: I couldn't disagree with you. 229 00:11:21,600 --> 00:11:26,000 Speaker 5: Not specifically address that concern about human nature and idle 230 00:11:26,040 --> 00:11:27,839 Speaker 5: hands and the rest of it, then they need to 231 00:11:27,880 --> 00:11:28,360 Speaker 5: go to hell. 232 00:11:28,679 --> 00:11:29,600 Speaker 2: I mean, that's ridiculous. 233 00:11:29,640 --> 00:11:31,800 Speaker 5: It's like rent control, which you were talking about earlier, 234 00:11:32,080 --> 00:11:35,640 Speaker 5: not addressing the constriction of supply. If you don't, if 235 00:11:35,640 --> 00:11:37,920 Speaker 5: you don't address that, you're a crackpot. I'm not going 236 00:11:37,960 --> 00:11:39,719 Speaker 5: to waste ten seconds listening to you. 237 00:11:40,000 --> 00:11:41,839 Speaker 2: Yeah, they they just don't believe it. 238 00:11:42,040 --> 00:11:46,319 Speaker 4: So it's you've used this example before among like some 239 00:11:46,480 --> 00:11:50,240 Speaker 4: of your super smart libertarians. The reason they think they're 240 00:11:50,760 --> 00:11:53,600 Speaker 4: their version of government would work is they think everybody's 241 00:11:53,760 --> 00:11:57,199 Speaker 4: like them. They think everybody's super smart, motivated to do 242 00:11:57,320 --> 00:11:59,079 Speaker 4: the right thing, et cetera, et cetera. 243 00:11:59,240 --> 00:12:02,280 Speaker 5: If everybody's like you're motivated, they'll always stay busy and 244 00:12:02,440 --> 00:12:04,960 Speaker 5: go get it, because that's how human beings behave. 245 00:12:05,240 --> 00:12:07,360 Speaker 4: And I think a lot of the AI accelerators they 246 00:12:07,440 --> 00:12:09,880 Speaker 4: have that problem too well. I if I had more 247 00:12:09,960 --> 00:12:12,160 Speaker 4: free time, I would learn to play the piano. I 248 00:12:12,160 --> 00:12:14,199 Speaker 4: would travel the world, I would write a symphony. I 249 00:12:14,200 --> 00:12:16,360 Speaker 4: would do all these different sorts of things. That's not 250 00:12:16,600 --> 00:12:19,480 Speaker 4: the average person. Maybe you would if you had lots 251 00:12:19,480 --> 00:12:21,600 Speaker 4: of free time. The average person's going to sit around, 252 00:12:21,880 --> 00:12:23,160 Speaker 4: get fat and do drugs. 253 00:12:23,679 --> 00:12:25,160 Speaker 2: The Armstrong and Getty Show. 254 00:12:25,360 --> 00:12:28,640 Speaker 1: Yeah, mar Jahn, your show, podcasts and our hot links. 255 00:12:31,679 --> 00:12:32,280 Speaker 2: Well everybody. 256 00:12:32,360 --> 00:12:35,120 Speaker 6: This week, everyone's been sharing their Spotify raft. 257 00:12:35,320 --> 00:12:36,120 Speaker 2: You know what I'm talking about. 258 00:12:36,559 --> 00:12:36,679 Speaker 7: Now. 259 00:12:37,160 --> 00:12:39,400 Speaker 6: That's when Spotify puts together the little recap of your 260 00:12:39,480 --> 00:12:42,040 Speaker 6: listening stats for the whole year. But Spotify isn't the 261 00:12:42,120 --> 00:12:43,160 Speaker 6: only app that does this. 262 00:12:43,400 --> 00:12:45,440 Speaker 2: Oh now, check out what people got in their phones 263 00:12:45,440 --> 00:12:48,640 Speaker 2: earlier today. Your calculator raft is ready. You had a 264 00:12:48,720 --> 00:12:49,319 Speaker 2: busy year. 265 00:12:49,640 --> 00:12:52,920 Speaker 8: You calculated restaurant tips eighty six times because you can't 266 00:12:52,960 --> 00:12:56,480 Speaker 8: do basic mat You accidentally opened the app seventeen times 267 00:12:56,520 --> 00:12:58,120 Speaker 8: when you meant to open the one next to it. 268 00:12:58,440 --> 00:13:01,720 Speaker 8: You're in the top one percent who typed boobs upside down. 269 00:13:02,040 --> 00:13:04,040 Speaker 8: You typed sixty seven and showed your son in a 270 00:13:04,120 --> 00:13:07,840 Speaker 8: desperate attempt to connect three times. You accidentally tightened six 271 00:13:08,000 --> 00:13:09,720 Speaker 8: thirty when you were drunk and trying to set an 272 00:13:09,760 --> 00:13:12,960 Speaker 8: alarm for work. Twice and you calculated how much more 273 00:13:13,000 --> 00:13:15,720 Speaker 8: money you need to quit your job forty five, six 274 00:13:15,840 --> 00:13:18,520 Speaker 8: hundred and seventy one times. Wow, don't forget to share 275 00:13:18,520 --> 00:13:19,120 Speaker 8: with your friends. 276 00:13:20,920 --> 00:13:21,199 Speaker 2: Wow. 277 00:13:24,320 --> 00:13:26,520 Speaker 4: This made me sad for some reason. I'm thankful that 278 00:13:26,600 --> 00:13:28,439 Speaker 4: I did not have a job where I every day 279 00:13:28,559 --> 00:13:30,679 Speaker 4: calculated how many more days do I have to do this? 280 00:13:31,320 --> 00:13:35,320 Speaker 4: Because I've had jobs like that. Oh yeah, it sucks. 281 00:13:36,000 --> 00:13:41,240 Speaker 4: I'm glad I wasn't betting on Turkish soccer. This is 282 00:13:41,360 --> 00:13:46,800 Speaker 4: fairly corrupt. The bust this week of a massive betting 283 00:13:46,880 --> 00:13:50,439 Speaker 4: investigation into Turkish professional soccer. It's the biggest sport in 284 00:13:50,520 --> 00:13:52,640 Speaker 4: that country, as it is in most countries around the 285 00:13:52,679 --> 00:13:54,040 Speaker 4: world that aren't the United States. 286 00:13:54,840 --> 00:13:57,040 Speaker 2: Over one thousand. 287 00:13:56,800 --> 00:14:00,319 Speaker 4: Players have been suspended, including top tier players from the 288 00:14:00,400 --> 00:14:01,160 Speaker 4: major clubs. 289 00:14:02,360 --> 00:14:04,960 Speaker 2: How many players are there in this league? One hundred 290 00:14:04,960 --> 00:14:08,120 Speaker 2: and forty nine referees? Oh boy. 291 00:14:08,880 --> 00:14:11,880 Speaker 4: Arrest warrants have been issued for dozens of individuals, including 292 00:14:12,040 --> 00:14:17,679 Speaker 4: club presidents, referees, and commentators. So you had you had 293 00:14:17,840 --> 00:14:22,160 Speaker 4: soccer matches where the president of the club is corrupt, 294 00:14:22,840 --> 00:14:26,240 Speaker 4: the players are corrupt, the referees corrupt, and then the. 295 00:14:26,280 --> 00:14:31,200 Speaker 5: Guy announcing the game is corrupt. I'm at a loss 296 00:14:31,320 --> 00:14:35,040 Speaker 5: for how they guy announcing the game. Maybe maybe he 297 00:14:35,240 --> 00:14:38,080 Speaker 5: just has to be bought off, not to say, you know, 298 00:14:38,600 --> 00:14:40,960 Speaker 5: keeper clearly let that ball in. Wait a minute, what 299 00:14:41,160 --> 00:14:43,720 Speaker 5: just happened here? Or you want him on the tape that. 300 00:14:43,920 --> 00:14:46,240 Speaker 2: Wasn't a foul? What the hell are you talking about? 301 00:14:46,840 --> 00:14:46,960 Speaker 3: Right? 302 00:14:47,120 --> 00:14:51,960 Speaker 2: They just don't want that right to what extent? Was 303 00:14:52,000 --> 00:14:52,840 Speaker 2: it real at all? 304 00:14:52,960 --> 00:14:55,400 Speaker 4: If the owner and the player, the ref and the 305 00:14:55,480 --> 00:14:58,520 Speaker 4: guy announcing it are all in on the on the fix, 306 00:14:58,600 --> 00:15:00,960 Speaker 4: it's really w at that point. 307 00:15:01,520 --> 00:15:03,360 Speaker 5: Yeah, For all I know, the fans are getting ten 308 00:15:03,440 --> 00:15:05,920 Speaker 5: bucks apiece to keep their mouths shut, sheer or boo 309 00:15:06,120 --> 00:15:10,480 Speaker 5: at the right time, right, yeah, yeah, wow, Wow. 310 00:15:10,720 --> 00:15:12,360 Speaker 4: How long would it take to turn that around and 311 00:15:12,440 --> 00:15:14,520 Speaker 4: have anybody believe it's reel and continue to bet. 312 00:15:14,720 --> 00:15:16,680 Speaker 2: But obviously people were betting. 313 00:15:18,440 --> 00:15:21,000 Speaker 4: To the extent that it was worth paying off a 314 00:15:21,120 --> 00:15:24,160 Speaker 4: thousand players and owners and referees and announcers and everything 315 00:15:24,280 --> 00:15:29,720 Speaker 4: like that. The scandal has caused serious disruption. Lower division 316 00:15:29,760 --> 00:15:33,360 Speaker 4: matches have been postponed. There's a growing concern over integrity 317 00:15:33,400 --> 00:15:37,120 Speaker 4: in Turkish and European football, broadly just because the owners 318 00:15:37,160 --> 00:15:39,840 Speaker 4: of the players, the refs, and the announcers were all 319 00:15:39,920 --> 00:15:40,400 Speaker 4: on the take. 320 00:15:42,280 --> 00:15:46,640 Speaker 5: It's guy mowing the field on the up and up right. Yeah, wow, 321 00:15:46,840 --> 00:15:47,760 Speaker 5: growing concern. 322 00:15:48,040 --> 00:15:51,320 Speaker 4: Yeah, it ought to be guy out there parking the 323 00:15:51,520 --> 00:15:53,040 Speaker 4: cars in the furthest away a lot. 324 00:15:53,240 --> 00:15:55,840 Speaker 2: You You got to back end well, back in he's 325 00:15:55,920 --> 00:15:56,360 Speaker 2: on the take. 326 00:15:57,240 --> 00:16:00,520 Speaker 5: If I had the time, I would love to study 327 00:16:01,320 --> 00:16:06,040 Speaker 5: Turkish culture and politics more there at the nexus between 328 00:16:06,120 --> 00:16:11,080 Speaker 5: the European world and the Muslim world really really interesting 329 00:16:11,160 --> 00:16:14,280 Speaker 5: and Airdwan is half a dictator and it's just really 330 00:16:14,480 --> 00:16:16,680 Speaker 5: really good stuff. Oh, which reminds me I heard some 331 00:16:17,160 --> 00:16:22,200 Speaker 5: really really thought provoking talk about the nature of Islam 332 00:16:22,280 --> 00:16:24,360 Speaker 5: in Europe that I'd love to get to next hour. 333 00:16:24,440 --> 00:16:26,400 Speaker 2: If you don't get next hour, you got to go somewhere. 334 00:16:26,440 --> 00:16:26,800 Speaker 2: That's fine. 335 00:16:26,840 --> 00:16:29,680 Speaker 5: Subscribe to our podcast Armstrong and Getty on demand. You 336 00:16:29,720 --> 00:16:30,760 Speaker 5: can listen to it later. 337 00:16:30,920 --> 00:16:34,040 Speaker 4: Oh man, your leisures you're driving around all weekend shopping 338 00:16:34,120 --> 00:16:37,240 Speaker 4: for Christmas and everything like that. Imagine the pleasures you 339 00:16:37,280 --> 00:16:39,800 Speaker 4: can enjoy your favorite segments over and over with the 340 00:16:39,880 --> 00:16:40,760 Speaker 4: kids in the backseat. 341 00:16:41,240 --> 00:16:43,880 Speaker 2: Huh. That's some good stuff Armstrong and Getty. Under that 342 00:16:44,840 --> 00:16:49,280 Speaker 2: Jack Armstrong and Joe sty The Armstrong and Getty Show. 343 00:16:51,360 --> 00:16:55,800 Speaker 7: When the phrase six seven exploded online this year. He 344 00:16:56,040 --> 00:16:59,720 Speaker 7: was fueled by Generation Alpha kids fifteen and younger who 345 00:17:00,080 --> 00:17:03,920 Speaker 7: and forging a dictionary's worth of often baffling vocabulary. 346 00:17:04,400 --> 00:17:07,000 Speaker 2: Still it's lingoed that's burst into classrooms. 347 00:17:07,040 --> 00:17:10,280 Speaker 7: Like Amy wargoes, how often are you hearing phrases like 348 00:17:10,400 --> 00:17:11,160 Speaker 7: this every day? 349 00:17:11,400 --> 00:17:15,119 Speaker 2: Why do you think that's about having something to actually 350 00:17:15,200 --> 00:17:15,960 Speaker 2: bring them together? 351 00:17:16,280 --> 00:17:19,280 Speaker 7: Many younger Gen Alpha kids started school during the isolation 352 00:17:19,480 --> 00:17:22,760 Speaker 7: of the pandemic. Wargo says that attachment to the virtual 353 00:17:22,840 --> 00:17:26,120 Speaker 7: world remains in a way that differentiates them from Gen 354 00:17:26,240 --> 00:17:27,520 Speaker 7: Z previous kids. 355 00:17:27,600 --> 00:17:31,480 Speaker 2: It was fidget spinners and bottle flipping. Now it's anything they. 356 00:17:31,480 --> 00:17:36,440 Speaker 4: Hear on TikTok, a shared experience which we just don't 357 00:17:36,480 --> 00:17:37,000 Speaker 4: have anymore. 358 00:17:37,080 --> 00:17:37,960 Speaker 2: So whether it was. 359 00:17:39,800 --> 00:17:43,040 Speaker 4: You know, the pandemic's hurrying it along, it was going 360 00:17:43,080 --> 00:17:46,119 Speaker 4: to happen anyway because we just don't have shared experiences anymore. 361 00:17:46,720 --> 00:17:54,440 Speaker 5: Yeah, Yeah, how interesting. Apparently Peter thiel I wrote a 362 00:17:54,480 --> 00:18:00,679 Speaker 5: piece recently about how capitalism the free market is failing millennials. 363 00:18:01,560 --> 00:18:04,920 Speaker 4: He's an interesting dude, that Peter Theil. He is PayPal 364 00:18:05,080 --> 00:18:08,000 Speaker 4: mafia billionaire duty that has gone out there and do 365 00:18:08,040 --> 00:18:10,440 Speaker 4: all different kinds of stuff he's all over the map politically. 366 00:18:10,560 --> 00:18:13,320 Speaker 2: Sometimes I agree with him vehemently and sometimes I don't. 367 00:18:13,920 --> 00:18:17,040 Speaker 5: Yeah, he's behind Pallanteer too, which is doing amazing work 368 00:18:17,080 --> 00:18:20,399 Speaker 5: and really patriotic anyway. But he was reaching out to 369 00:18:20,480 --> 00:18:23,920 Speaker 5: Facebook executives of all people. But he said, when seventy 370 00:18:23,920 --> 00:18:26,520 Speaker 5: percent of millennials say they are pro socialist, we need 371 00:18:26,600 --> 00:18:28,639 Speaker 5: to do better than simply dismiss them by saying that 372 00:18:28,720 --> 00:18:31,200 Speaker 5: they are stupid or entitled or brainwashed. We should try 373 00:18:31,240 --> 00:18:36,560 Speaker 5: and understand why, which is absolutely true. Then the free 374 00:18:36,640 --> 00:18:40,760 Speaker 5: press is Sean Fisher sat down with Thiel to talk 375 00:18:40,800 --> 00:18:43,959 Speaker 5: about what he saw in twenty twenty that made him 376 00:18:43,960 --> 00:18:47,480 Speaker 5: write that more recently and just a super quick summary. 377 00:18:47,760 --> 00:18:50,920 Speaker 5: Capitalism is not working for young people, Fel said, citing 378 00:18:51,000 --> 00:18:54,280 Speaker 5: burdensome student debt regulations putting home ownership out of reach 379 00:18:54,359 --> 00:18:57,800 Speaker 5: for many. Quote people assume everything still works, but objectively 380 00:18:57,880 --> 00:19:01,240 Speaker 5: it doesn't. If you proletarianize the young people, you shouldn't 381 00:19:01,240 --> 00:19:05,240 Speaker 5: be surprised if they eventually become communists. Now, I wish 382 00:19:05,320 --> 00:19:07,680 Speaker 5: I had more of the piece in front of me. 383 00:19:07,720 --> 00:19:09,879 Speaker 5: I don't I could have grabbed it. But what the 384 00:19:09,960 --> 00:19:12,680 Speaker 5: free press did was they ran a bunch of reactions 385 00:19:12,760 --> 00:19:17,520 Speaker 5: to it from people both you know, people you may 386 00:19:17,560 --> 00:19:20,359 Speaker 5: have heard of, and some you didn't. I love this 387 00:19:20,520 --> 00:19:23,119 Speaker 5: one from Blake Shole, who's the founder and CEO of 388 00:19:23,240 --> 00:19:26,560 Speaker 5: something called Boom Supersonic, which I have no idea what 389 00:19:26,680 --> 00:19:29,840 Speaker 5: that means. It might be a dance video platform, it 390 00:19:29,960 --> 00:19:33,359 Speaker 5: might be an airplane, it might be a drug or 391 00:19:33,400 --> 00:19:37,960 Speaker 5: a social network. Anyway, perhaps Katie could endeavor to figure 392 00:19:37,960 --> 00:19:40,959 Speaker 5: out what Boom Supersonic is, just to amuse me if 393 00:19:40,960 --> 00:19:41,520 Speaker 5: you don't mind. 394 00:19:42,680 --> 00:19:47,240 Speaker 2: But what he said was really cool, any idea not yet? Okay, 395 00:19:47,560 --> 00:19:50,720 Speaker 2: were getting there? Okay, here's what he said. 396 00:19:51,640 --> 00:19:55,640 Speaker 5: If you insert enough socialist elements into a capitalist system, 397 00:19:56,200 --> 00:20:00,280 Speaker 5: when the socialist elements inevitably cause problems, people will blame 398 00:20:00,440 --> 00:20:04,240 Speaker 5: the capitalism ah and then turn socialist. That's what's happened 399 00:20:04,240 --> 00:20:06,879 Speaker 5: in New York City, for example, where Mamdani voters are 400 00:20:06,960 --> 00:20:10,080 Speaker 5: motivated by high rents and crippling student debts. Even the 401 00:20:10,320 --> 00:20:14,960 Speaker 5: rent control drives up housing prices, and government subsidies for. 402 00:20:15,040 --> 00:20:17,920 Speaker 2: Higher education encourage universities. 403 00:20:17,400 --> 00:20:21,120 Speaker 4: To raise tuition, you know, because I can wait, there's 404 00:20:21,320 --> 00:20:25,600 Speaker 4: more real quick. Likewise, you insert enough capitalist elements into 405 00:20:25,680 --> 00:20:29,320 Speaker 4: a socialist system, the system sort of begins to work, 406 00:20:29,600 --> 00:20:31,520 Speaker 4: and people think socialism works. 407 00:20:31,840 --> 00:20:32,960 Speaker 2: That's what happened in China. 408 00:20:38,800 --> 00:20:41,080 Speaker 4: But I can see how I've even done that. I've 409 00:20:41,119 --> 00:20:43,119 Speaker 4: talked about this many times over the years. I just 410 00:20:43,200 --> 00:20:45,879 Speaker 4: did a few minutes ago. Since we do live in 411 00:20:45,920 --> 00:20:48,720 Speaker 4: a welfare state, then I think the government should be 412 00:20:48,800 --> 00:20:53,600 Speaker 4: able to do this. I don't justify the uh, you know, 413 00:20:53,720 --> 00:20:57,560 Speaker 4: more socialism so much, but the more government control aspect 414 00:20:57,640 --> 00:21:00,200 Speaker 4: of it. If you're going to allow if if some 415 00:21:00,320 --> 00:21:02,640 Speaker 4: of my money is going to go feed people who 416 00:21:02,720 --> 00:21:05,520 Speaker 4: lose all of their money gambling, then I think society 417 00:21:05,560 --> 00:21:07,879 Speaker 4: ought to be able to outlaw gambling, which just you know, 418 00:21:08,080 --> 00:21:12,000 Speaker 4: just is an argument towards bigger government making more decisions 419 00:21:12,080 --> 00:21:15,320 Speaker 4: for us. So, yeah, you inject a little bit of 420 00:21:15,400 --> 00:21:18,600 Speaker 4: socialism because I don't care if people just use staying 421 00:21:18,640 --> 00:21:22,119 Speaker 4: on this example, I don't care at all if somebody 422 00:21:22,440 --> 00:21:25,040 Speaker 4: spends their life savings on gambling and runs out of 423 00:21:25,080 --> 00:21:28,640 Speaker 4: money and less at the end of that story, when 424 00:21:28,680 --> 00:21:30,640 Speaker 4: you and your kids are hungry, you take my money. 425 00:21:31,040 --> 00:21:34,000 Speaker 4: Now all of a sudden, I care. So you've injected 426 00:21:34,080 --> 00:21:37,159 Speaker 4: some socialism because we do do that, I said, doodoo, 427 00:21:37,960 --> 00:21:40,359 Speaker 4: we feed the hungry so now I'm feeding you with 428 00:21:40,520 --> 00:21:42,600 Speaker 4: my money. Now I get to decide whether or not 429 00:21:42,720 --> 00:21:45,440 Speaker 4: you gamble, which is kind of an element of big 430 00:21:45,480 --> 00:21:46,440 Speaker 4: government socialism. 431 00:21:46,960 --> 00:21:49,359 Speaker 5: And getting back to Blake shol the founder and CEO 432 00:21:49,400 --> 00:21:52,880 Speaker 5: of Boomster Personic, which is the largest chain of car 433 00:21:53,200 --> 00:21:55,360 Speaker 5: wash centers across America. 434 00:21:55,920 --> 00:21:58,200 Speaker 2: Or I don't know what is it, Katie, Have we 435 00:21:58,240 --> 00:21:58,760 Speaker 2: figured that out? 436 00:21:58,920 --> 00:22:01,760 Speaker 4: Yeah, it's a company that's aiming to make commercial supersonic 437 00:22:01,880 --> 00:22:03,000 Speaker 4: flights more accessible. 438 00:22:03,520 --> 00:22:07,760 Speaker 5: Oh, okay, okay, interesting anyway, so he goes on, At 439 00:22:07,760 --> 00:22:09,879 Speaker 5: the root of this, at the root of this terrible 440 00:22:09,920 --> 00:22:12,480 Speaker 5: confusion is a failure of our education system and our 441 00:22:12,560 --> 00:22:15,439 Speaker 5: media to give the next generation a proper history education. 442 00:22:15,760 --> 00:22:19,000 Speaker 5: Today's problems of affordability almost exclusively come from our most 443 00:22:19,080 --> 00:22:23,600 Speaker 5: socialist institutions, such as are heavily regulated, subsidized in centrally 444 00:22:23,720 --> 00:22:27,919 Speaker 5: planned healthcare and education systems. By contrast, the freer, more 445 00:22:28,000 --> 00:22:32,440 Speaker 5: capitalist industries such as electronics and computing have driven enormous 446 00:22:32,480 --> 00:22:35,600 Speaker 5: improvements across the board in real world standards of living. 447 00:22:35,960 --> 00:22:38,480 Speaker 5: The closer we get to capitalism, the more everyone is 448 00:22:38,560 --> 00:22:41,480 Speaker 5: better off in real terms. The closer we get to socialism, 449 00:22:41,600 --> 00:22:45,000 Speaker 5: the more death and suffering result, we can't let capitalism 450 00:22:45,119 --> 00:22:48,320 Speaker 5: be socialism's fall guy, fall guy. It's on us to 451 00:22:48,359 --> 00:22:51,159 Speaker 5: help the next generation separate the capitalist weite from the 452 00:22:51,240 --> 00:22:53,640 Speaker 5: socialist chaff so we can all enjoy. 453 00:22:53,520 --> 00:22:57,480 Speaker 4: A freer and more prosperous future. That's my social answer, 454 00:22:57,640 --> 00:23:01,480 Speaker 4: the socialist noise from the capitalists, as people like to 455 00:23:01,520 --> 00:23:02,240 Speaker 4: say nowadays. 456 00:23:02,720 --> 00:23:03,480 Speaker 2: Yeah, yeah. 457 00:23:04,359 --> 00:23:09,280 Speaker 5: Interestingly, a couple of my other favorites were all about 458 00:23:09,680 --> 00:23:10,480 Speaker 5: life choices. 459 00:23:11,359 --> 00:23:14,760 Speaker 4: That is really good. So just to do dwell on 460 00:23:14,840 --> 00:23:17,040 Speaker 4: that second before you get to the life choices. So 461 00:23:17,240 --> 00:23:21,439 Speaker 4: you have a socialist society, you do a little capitalism 462 00:23:21,560 --> 00:23:24,000 Speaker 4: like that in China, which helped them make a lot 463 00:23:24,040 --> 00:23:26,840 Speaker 4: of money, and you credit socialism. 464 00:23:26,680 --> 00:23:29,720 Speaker 5: Right, And if you insert enough socialist elements into a 465 00:23:29,800 --> 00:23:34,000 Speaker 5: capitalist system, when the socialist elements inevitably cause problems, people 466 00:23:34,160 --> 00:23:36,920 Speaker 5: blame the capitalism and then turn socialist. 467 00:23:37,480 --> 00:23:39,440 Speaker 2: That's unfortunate. It is good. 468 00:23:40,440 --> 00:23:43,960 Speaker 5: So there's a lot of stuff about personal choice, and 469 00:23:44,200 --> 00:23:45,480 Speaker 5: we talked about this earlier. 470 00:23:46,280 --> 00:23:46,720 Speaker 3: It is. 471 00:23:48,320 --> 00:23:52,720 Speaker 5: The eight hundred pound gorilla, you know, in a pet 472 00:23:52,800 --> 00:23:54,399 Speaker 5: store full of little kittens. 473 00:23:55,080 --> 00:23:58,040 Speaker 2: In terms of how people's lives turn out, we'll clean 474 00:23:58,160 --> 00:23:58,880 Speaker 2: up on out five. 475 00:24:00,040 --> 00:24:05,280 Speaker 5: There is there there are a number of different things 476 00:24:05,320 --> 00:24:08,840 Speaker 5: that can affect your life in a material way, from 477 00:24:09,640 --> 00:24:12,399 Speaker 5: your your upbringing, to your genetics, to your race, to 478 00:24:12,680 --> 00:24:17,480 Speaker 5: a whole bunch of stuff. But the idea that personal choices, 479 00:24:18,040 --> 00:24:22,480 Speaker 5: your life choices aren't listed as the king of the hill, 480 00:24:23,200 --> 00:24:25,359 Speaker 5: aren't not just not listed as the king of the hill. 481 00:24:25,480 --> 00:24:26,800 Speaker 2: They're not disgusted at all. 482 00:24:27,280 --> 00:24:27,320 Speaker 1: No. 483 00:24:27,560 --> 00:24:29,399 Speaker 2: In fact, it's frowned upon if you look at them. 484 00:24:30,160 --> 00:24:31,640 Speaker 2: It's it's that is an excuse. 485 00:24:32,200 --> 00:24:35,919 Speaker 5: That's what I would call governmentalism, the idea that government 486 00:24:35,920 --> 00:24:37,119 Speaker 5: should solve all of our problems. 487 00:24:37,119 --> 00:24:40,359 Speaker 2: You're shaming people if you're going to take exactly right. 488 00:24:41,000 --> 00:24:43,080 Speaker 5: Yeah, But I thought it was interesting that so many 489 00:24:43,160 --> 00:24:46,880 Speaker 5: really brilliant and persuadis of people wrote about. 490 00:24:48,760 --> 00:24:55,040 Speaker 2: About personal choices. Jim, uh, the gorilla is in the 491 00:24:55,119 --> 00:25:01,920 Speaker 2: kit nile. Oh not again, Okay, say no more. 492 00:25:03,640 --> 00:25:06,400 Speaker 5: And the other thing that they talk about is over 493 00:25:06,520 --> 00:25:09,920 Speaker 5: regulation and how and oh man, I just came a 494 00:25:09,960 --> 00:25:13,639 Speaker 5: craze across a great example of this. And most people 495 00:25:13,920 --> 00:25:16,200 Speaker 5: don't know this. I didn't know it until fairly late 496 00:25:16,240 --> 00:25:24,000 Speaker 5: in life. A lot of regulations are attempting to stifle competition. 497 00:25:24,960 --> 00:25:29,880 Speaker 5: The big guys figure, all right, compliance with these complex 498 00:25:29,960 --> 00:25:34,119 Speaker 5: regulations will cost us three percent of our revenue. But 499 00:25:34,320 --> 00:25:38,119 Speaker 5: a plucky startup with good ideas that wants to come 500 00:25:38,200 --> 00:25:42,159 Speaker 5: and take our market share, that'll be like fifteen percent 501 00:25:42,240 --> 00:25:45,520 Speaker 5: of their revenues and they could never afford it. So 502 00:25:45,680 --> 00:25:50,960 Speaker 5: we will quash any competition with regulations that sound like 503 00:25:51,040 --> 00:25:54,320 Speaker 5: they're protecting the consumer or the environment or whatever, but 504 00:25:54,520 --> 00:25:59,400 Speaker 5: they were. They lobbied, the big guys lobbied to regulate 505 00:25:59,480 --> 00:26:01,960 Speaker 5: their own industry to crush competition. 506 00:26:02,280 --> 00:26:04,760 Speaker 2: Did you know that's a thing. It's a thing, folks. 507 00:26:05,680 --> 00:26:06,359 Speaker 2: And finally, this. 508 00:26:08,040 --> 00:26:12,320 Speaker 5: Love Jason Riley Wall Street Journal, and he wrote a 509 00:26:12,480 --> 00:26:18,600 Speaker 5: great piece about this incredible school, Pineywood School in Mississippi. 510 00:26:19,240 --> 00:26:26,000 Speaker 5: It is again, yet again, the classic educational success story. 511 00:26:26,200 --> 00:26:28,639 Speaker 5: A lot of poor kids, a lot of black kids 512 00:26:28,960 --> 00:26:33,280 Speaker 5: doing amazing things, achieving, learning, getting into college, the rest 513 00:26:33,359 --> 00:26:40,080 Speaker 5: of it. Why, high standards, strictly enforced discipline and high 514 00:26:40,160 --> 00:26:44,159 Speaker 5: expectations of the kids, and the kids love it and 515 00:26:44,240 --> 00:26:46,320 Speaker 5: they excel like crazy. 516 00:26:46,520 --> 00:26:49,560 Speaker 2: Sounds like white supremacy to me, Oh my lord. Jason 517 00:26:49,640 --> 00:26:50,960 Speaker 2: Riley with a great piece about that. 518 00:26:51,200 --> 00:26:53,680 Speaker 5: But I was going to use that to introduce another 519 00:26:53,720 --> 00:26:58,040 Speaker 5: one of my favorite black thinkers, Roland Fryer, who's writing 520 00:26:58,080 --> 00:27:01,639 Speaker 5: about the economics of culture, which we were just talking 521 00:27:01,640 --> 00:27:06,840 Speaker 5: about life choices. People from cultures that emphasize productive habits 522 00:27:06,960 --> 00:27:07,880 Speaker 5: tend to advance. 523 00:27:08,160 --> 00:27:09,600 Speaker 2: The reverse is also true. 524 00:27:10,880 --> 00:27:14,080 Speaker 5: I mean, that's one of the most self evidently obvious 525 00:27:14,119 --> 00:27:15,280 Speaker 5: things you could possibly say. 526 00:27:15,600 --> 00:27:18,359 Speaker 2: But man, that is strict for boten on the left 527 00:27:18,760 --> 00:27:19,480 Speaker 2: to say that. 528 00:27:20,160 --> 00:27:24,440 Speaker 5: That is why you hear those idiotic things like punctuality 529 00:27:24,520 --> 00:27:28,200 Speaker 5: is white supremacy, and trying hard is white supremacy and 530 00:27:29,280 --> 00:27:35,040 Speaker 5: exceptionalism or what's the you promote people based on their excellence? 531 00:27:36,119 --> 00:27:42,959 Speaker 5: Is white supremacy meritocracy? Meritocracy? Yeah, exactly. But Roland writes, 532 00:27:43,040 --> 00:27:46,359 Speaker 5: and you may know, he was the guy who came 533 00:27:46,400 --> 00:27:50,760 Speaker 5: out with a carefully constructed study early in his career 534 00:27:51,320 --> 00:27:54,320 Speaker 5: that said, no, young black men are not disproportionately shot 535 00:27:54,400 --> 00:27:58,040 Speaker 5: and shot dead in America by police. It's not true, 536 00:27:58,960 --> 00:28:02,359 Speaker 5: and it was honest, salable research. But the left essentially 537 00:28:02,400 --> 00:28:06,320 Speaker 5: made him a propriet. But anyway, he writes, culture is 538 00:28:06,359 --> 00:28:09,360 Speaker 5: one of the most underrated ideas in economics. For decades, 539 00:28:09,480 --> 00:28:12,320 Speaker 5: economists avoided invoking cultures. 540 00:28:12,800 --> 00:28:16,320 Speaker 2: The shared value you are you are scratching the biggest 541 00:28:16,400 --> 00:28:20,560 Speaker 2: itch I've got this. This is Wow. Really, my this 542 00:28:20,760 --> 00:28:23,200 Speaker 2: is my thing right here. I'm loving putting aside the 543 00:28:23,280 --> 00:28:25,640 Speaker 2: highly troubling metaphor. I'm glad to be doing. 544 00:28:27,280 --> 00:28:27,320 Speaker 3: So. 545 00:28:27,640 --> 00:28:34,399 Speaker 5: For decades, economists avoid invoking culture the shared values, norms, beliefs, preferences, 546 00:28:34,520 --> 00:28:38,440 Speaker 5: and behaviors of a group as an explanation for economic outcomes. 547 00:28:38,680 --> 00:28:42,880 Speaker 5: It seemed too intangible to measure and too messy to model. 548 00:28:43,760 --> 00:28:46,920 Speaker 5: Thomas Sowell, Oh my god. Two of my favorite thinkers 549 00:28:46,960 --> 00:28:49,400 Speaker 5: happened to be black men. Quoted in the same thing, 550 00:28:49,640 --> 00:28:53,040 Speaker 5: whose legacy was celebrated recently at Stanford's Hoover Institution changed that. 551 00:28:53,360 --> 00:28:56,000 Speaker 5: He was among the first economists to treat culture as 552 00:28:56,040 --> 00:28:59,800 Speaker 5: an important economic variable. Mister sol has argued that both 553 00:29:00,080 --> 00:29:04,160 Speaker 5: human capital and culture drive mobility, more so in his view, 554 00:29:04,240 --> 00:29:09,000 Speaker 5: than discrimination or external barriers. Groups that develop productivity enhancing 555 00:29:09,080 --> 00:29:12,840 Speaker 5: traits such as skills, an orientation toward education and work, 556 00:29:13,120 --> 00:29:17,280 Speaker 5: and thriftiness tend to advance. Those whose cultures don't emphasize 557 00:29:17,360 --> 00:29:20,320 Speaker 5: these things tend to fall behind. In mister Sowell's view, 558 00:29:20,440 --> 00:29:24,000 Speaker 5: culture is a form of capital, an accumulation of habits 559 00:29:24,040 --> 00:29:28,520 Speaker 5: and know how that powerfully influences a group's project progress 560 00:29:29,320 --> 00:29:34,200 Speaker 5: could not be truer, and you know, I'd like to 561 00:29:34,240 --> 00:29:37,800 Speaker 5: read this whole thing because it is so incredibly important. 562 00:29:38,040 --> 00:29:40,440 Speaker 2: I'll bet he goes into a bunch of different studies. 563 00:29:40,480 --> 00:29:44,479 Speaker 4: Go ahead, I'll bet that the reason it's so recent 564 00:29:44,760 --> 00:29:48,040 Speaker 4: that anybody talked about it, wrote about it, is that 565 00:29:49,000 --> 00:29:51,600 Speaker 4: we just were all in agreement up until fairly recently 566 00:29:52,120 --> 00:29:56,440 Speaker 4: mid ish twentieth century that yeah, of course, being thrifty 567 00:29:56,480 --> 00:29:59,560 Speaker 4: and working hard is a good idea and everybody. 568 00:29:59,160 --> 00:30:01,240 Speaker 2: Should do it is mostly in agreement. 569 00:30:01,320 --> 00:30:04,360 Speaker 4: It wasn't until we started to well, you know, I 570 00:30:04,480 --> 00:30:07,080 Speaker 4: get back to Elvis and the Beatles and the devolving 571 00:30:07,120 --> 00:30:07,719 Speaker 4: of our culture. 572 00:30:07,720 --> 00:30:10,840 Speaker 2: I think it all fits together. Actually, so again we're 573 00:30:10,880 --> 00:30:11,600 Speaker 2: pressed for time. 574 00:30:11,720 --> 00:30:14,640 Speaker 5: But so he goes into his research in his academic background, 575 00:30:15,000 --> 00:30:17,920 Speaker 5: and he talks about cultural differences across racial and ethnic 576 00:30:18,000 --> 00:30:22,960 Speaker 5: groups are unmistakable. And then he talks about various shows 577 00:30:23,000 --> 00:30:27,160 Speaker 5: and how popular they are among cultures. But for social scientists, 578 00:30:27,200 --> 00:30:29,040 Speaker 5: the hardest part of studying culture is trying to find 579 00:30:29,080 --> 00:30:31,200 Speaker 5: a way to measure it. And in the early to 580 00:30:31,280 --> 00:30:33,360 Speaker 5: mid two thousand, Stephen Levitt and I tried to ease 581 00:30:33,440 --> 00:30:36,040 Speaker 5: from the freakonomics guy try to answer that question by 582 00:30:36,080 --> 00:30:38,880 Speaker 5: focusing on one small but revealing expression of cultures, the 583 00:30:38,960 --> 00:30:43,280 Speaker 5: names parents give their children. Man, it's long and interesting, 584 00:30:43,360 --> 00:30:48,400 Speaker 5: but here's the most revealing part of this. They went 585 00:30:48,480 --> 00:30:53,160 Speaker 5: into other parts of the world, other countries with cultures 586 00:30:53,280 --> 00:30:57,320 Speaker 5: you know nothing about, and you had two groups of 587 00:30:57,360 --> 00:31:01,600 Speaker 5: people that look just like this, just the same, similar religions, 588 00:31:01,640 --> 00:31:06,640 Speaker 5: et cetera. But over here they valued hard work, savings, education, 589 00:31:06,720 --> 00:31:09,920 Speaker 5: et cetera. Over there, they didn't guess what the first 590 00:31:09,960 --> 00:31:12,640 Speaker 5: group did way way better than the other ones. And 591 00:31:12,760 --> 00:31:15,400 Speaker 5: it wasn't white supremacy because there weren't any damn white people. 592 00:31:15,800 --> 00:31:17,960 Speaker 2: They refer to the fact that and what's the number. 593 00:31:17,960 --> 00:31:22,560 Speaker 5: I wish I could find it that Pakistani Americans. 594 00:31:22,440 --> 00:31:28,320 Speaker 2: Earned sixty cents on the dollar to Indian Americans because 595 00:31:28,320 --> 00:31:33,920 Speaker 2: of what white racism? Are you kidding me? No cultural norms. 596 00:31:34,000 --> 00:31:36,160 Speaker 2: It's like the most important thing in the world, and 597 00:31:36,240 --> 00:31:38,520 Speaker 2: nobody wants to talk about it because I chickens, But 598 00:31:38,600 --> 00:31:42,040 Speaker 2: I don't care. I'll talk about it. Their chickens armstrong 599 00:31:42,120 --> 00:31:44,240 Speaker 2: and getty, Oh strong and. 600 00:31:46,200 --> 00:31:47,640 Speaker 7: Strong and get. 601 00:31:57,480 --> 00:31:59,000 Speaker 5: You know what I hadn't realized un till I came 602 00:31:59,040 --> 00:32:03,320 Speaker 5: across an article about today was that high school football 603 00:32:03,960 --> 00:32:09,200 Speaker 5: they're highlighting southern California high school football is now full 604 00:32:09,280 --> 00:32:13,960 Speaker 5: on the nil money thing, with boosters paying big money 605 00:32:14,080 --> 00:32:16,720 Speaker 5: to little kids to come to their high schools. 606 00:32:17,040 --> 00:32:20,560 Speaker 2: Wow to play football. Wow, I know a little bit 607 00:32:20,600 --> 00:32:22,280 Speaker 2: about that. Yeah, that's interesting. 608 00:32:23,000 --> 00:32:25,160 Speaker 5: Well, in this one kid that they highlight, who's now 609 00:32:25,480 --> 00:32:27,400 Speaker 5: he's going to be playing in the Big Ten championship 610 00:32:27,440 --> 00:32:29,000 Speaker 5: game for Ohio State, a receiver. 611 00:32:30,040 --> 00:32:32,280 Speaker 2: The story opens with him tearfully calling. 612 00:32:32,120 --> 00:32:35,600 Speaker 5: His grandmother begging her to come get him because his 613 00:32:35,840 --> 00:32:38,880 Speaker 5: drug addict mother had sold him to a team oh 614 00:32:39,640 --> 00:32:45,600 Speaker 5: in southern California to go play receiver there. Unbelievable, speaking 615 00:32:45,640 --> 00:32:50,440 Speaker 5: of the evils of modern society. A couple of days ago, 616 00:32:50,600 --> 00:32:53,680 Speaker 5: Massachusetts voters took a major step to repeal the legalization 617 00:32:53,840 --> 00:32:58,760 Speaker 5: of recreational marijuana in the state. The Coalition for a 618 00:32:58,800 --> 00:33:02,280 Speaker 5: Healthy massachusettsmitted more than seventy four thousand signatures required to 619 00:33:02,320 --> 00:33:04,560 Speaker 5: put the question on the twenty twenty six state ballot. 620 00:33:06,080 --> 00:33:08,480 Speaker 5: Once certified, the measure will go to the state legislature 621 00:33:08,520 --> 00:33:11,520 Speaker 5: for consideration. If they declined to pass it, organizers must 622 00:33:11,560 --> 00:33:14,320 Speaker 5: collect more signatures to put it to a statewide vote 623 00:33:14,360 --> 00:33:17,520 Speaker 5: next year, but Massachusetts is in alone in Idaho, where 624 00:33:17,560 --> 00:33:22,360 Speaker 5: marijuana is currently Italy illegal, a measure to block future 625 00:33:22,440 --> 00:33:25,400 Speaker 5: voter initiatives the legalize the drug is on the ballot 626 00:33:25,480 --> 00:33:26,920 Speaker 5: for twenty twenty six. 627 00:33:27,200 --> 00:33:29,480 Speaker 2: So what led them to want to do this? 628 00:33:29,680 --> 00:33:31,800 Speaker 4: What were they thinking was going to happen when it 629 00:33:31,840 --> 00:33:35,040 Speaker 4: was legalized that hasn't occurred or the reverse. 630 00:33:35,080 --> 00:33:41,640 Speaker 5: I guess there are a bunch of unforeseen effects. Number One, 631 00:33:42,560 --> 00:33:44,760 Speaker 5: it was believed by a lot of people that the 632 00:33:44,920 --> 00:33:48,360 Speaker 5: rate of marijuana use wouldn't change much. It would just 633 00:33:48,440 --> 00:33:50,360 Speaker 5: be out in the open and could be regulated and 634 00:33:50,360 --> 00:33:53,800 Speaker 5: blah blah blah, but freely legal weed and the fact 635 00:33:53,840 --> 00:33:57,520 Speaker 5: that it's practically laughable, the idea that the cops would 636 00:33:58,040 --> 00:34:00,200 Speaker 5: talk to somebody who has marijuana to make sure it's 637 00:34:00,240 --> 00:34:02,800 Speaker 5: legal weed or whatever. And in the legalized states, it's 638 00:34:02,840 --> 00:34:04,920 Speaker 5: just it's not happening. So lots and lots of more 639 00:34:04,960 --> 00:34:09,440 Speaker 5: people are smoking pot. The promised tax revenues have not materialized. 640 00:34:09,719 --> 00:34:13,759 Speaker 5: The black market for pot hasn't gone anywhere, because the 641 00:34:14,120 --> 00:34:18,440 Speaker 5: like in California, it's so taxed and regulated, it's it's legal. 642 00:34:18,520 --> 00:34:21,960 Speaker 5: Pot is pretty expensive and though plenty of people consume it, 643 00:34:22,080 --> 00:34:23,800 Speaker 5: a lot of people just keep going to their neighborhood 644 00:34:23,840 --> 00:34:24,960 Speaker 5: dealer they've always gone to. 645 00:34:25,239 --> 00:34:27,520 Speaker 4: But so back to the conversation of you know, well, 646 00:34:27,520 --> 00:34:29,880 Speaker 4: and it's really really bad for kids' brains. Eighty to 647 00:34:29,920 --> 00:34:32,759 Speaker 4: one hundred thousand people die from drinking every year. So 648 00:34:33,239 --> 00:34:34,480 Speaker 4: is pot worse than drinking? 649 00:34:37,239 --> 00:34:37,640 Speaker 2: I don't know. 650 00:34:38,760 --> 00:34:42,520 Speaker 4: I think that's probably an unanswerable question. Our drinking just 651 00:34:42,600 --> 00:34:45,000 Speaker 4: got grandfathered in and it doesn't need to make sense. 652 00:34:45,040 --> 00:34:45,640 Speaker 2: It's just the thing. 653 00:34:47,160 --> 00:35:00,759 Speaker 4: It's the arm Strong in Getty Show, Armstrong Inetting, Armstrong 654 00:35:00,880 --> 00:35:01,400 Speaker 4: and Getty