1 00:00:00,040 --> 00:00:02,520 Speaker 1: Hello, and welcome back to another episode of The Mark 2 00:00:02,600 --> 00:00:05,640 Speaker 1: Moss Show, where we talk about the decentralized revolution each 3 00:00:05,680 --> 00:00:08,360 Speaker 1: and every week, the way the world is changing, swinging 4 00:00:08,400 --> 00:00:12,360 Speaker 1: from decentralization to or from centralization to decentralization. We look 5 00:00:12,400 --> 00:00:14,880 Speaker 1: at it through the lens of politics, finance, and technologist. 6 00:00:14,880 --> 00:00:17,439 Speaker 1: We get this holistic view and we can take things 7 00:00:17,440 --> 00:00:21,160 Speaker 1: into context of what they are. If you watch any 8 00:00:21,160 --> 00:00:23,560 Speaker 1: of my content, which I put out a lot of, 9 00:00:24,079 --> 00:00:26,159 Speaker 1: I'm on YouTube. You can search me on YouTube, just 10 00:00:26,320 --> 00:00:29,360 Speaker 1: search Mark Moss. Um all these podcasts, you can watch 11 00:00:29,400 --> 00:00:33,280 Speaker 1: them on YouTube. Just search Market Disruptors there Um obviously 12 00:00:33,280 --> 00:00:35,720 Speaker 1: the podcast, the radio show, all the guest appearances I 13 00:00:35,720 --> 00:00:38,839 Speaker 1: do on a weekly basis, et cetera. And then you 14 00:00:38,880 --> 00:00:40,280 Speaker 1: probably know if you're watch any of that, then you know. 15 00:00:40,280 --> 00:00:42,120 Speaker 1: I also love to use a lot of history, and 16 00:00:42,440 --> 00:00:46,840 Speaker 1: I think history gives us this Um, his history tells 17 00:00:46,880 --> 00:00:50,320 Speaker 1: what's gonna happen. If I touch a burning hot stove 18 00:00:50,400 --> 00:00:53,599 Speaker 1: and burn my hand, then history would tell me that 19 00:00:53,680 --> 00:00:56,880 Speaker 1: if I touch a burning hot stove again, I probably 20 00:00:56,880 --> 00:01:01,520 Speaker 1: burned my hand again. So if Einstein's definition of insanity 21 00:01:01,600 --> 00:01:04,280 Speaker 1: is that doing the same thing but expecting a different result, 22 00:01:04,319 --> 00:01:05,400 Speaker 1: if you do the same thing, you're gonna get the 23 00:01:05,400 --> 00:01:10,160 Speaker 1: same results what we know. But yet we Uh. There's 24 00:01:10,160 --> 00:01:11,840 Speaker 1: the other quote that says those who don't know history 25 00:01:11,840 --> 00:01:13,520 Speaker 1: are bound to repeat it, and those sense people I 26 00:01:13,520 --> 00:01:15,080 Speaker 1: guess don't know history, then I guess we just have 27 00:01:15,120 --> 00:01:18,720 Speaker 1: to repeat it over and over. So it's better to 28 00:01:18,800 --> 00:01:21,960 Speaker 1: learn from other other people's history, Like I'd rather learn that, Well, 29 00:01:22,000 --> 00:01:23,640 Speaker 1: you touch the hot stove and you burned your hands, 30 00:01:23,640 --> 00:01:25,760 Speaker 1: so I don't want to do that, right, That'd be 31 00:01:25,760 --> 00:01:27,160 Speaker 1: a much better way than me having to do that 32 00:01:27,240 --> 00:01:30,959 Speaker 1: myself and figure it out. But but yet we don't 33 00:01:31,080 --> 00:01:33,440 Speaker 1: seem to get that, or maybe we do, and maybe 34 00:01:33,440 --> 00:01:37,880 Speaker 1: it's being done intentionally. And I'm gonna leave it up 35 00:01:37,920 --> 00:01:40,400 Speaker 1: to you to figure that out. I'd love for you 36 00:01:40,400 --> 00:01:42,000 Speaker 1: to hit me up on social media and tell me 37 00:01:42,040 --> 00:01:44,320 Speaker 1: what you think. But I want to tell you what's 38 00:01:44,360 --> 00:01:47,920 Speaker 1: going on big big news in the United States, and 39 00:01:47,960 --> 00:01:49,760 Speaker 1: it's happening all over the world's happen the United States, 40 00:01:49,800 --> 00:01:53,320 Speaker 1: And then I'm gonna go into a historical example, and 41 00:01:53,360 --> 00:01:57,360 Speaker 1: I want to talk about what's going on specifically in 42 00:01:57,480 --> 00:02:02,000 Speaker 1: um California, specifically in in Francisco, Los Angeles as well 43 00:02:02,000 --> 00:02:06,320 Speaker 1: we're gonna talk about San Francisco though today UM. And 44 00:02:06,320 --> 00:02:10,239 Speaker 1: then we're gonna talk about a historical example and we'll 45 00:02:10,320 --> 00:02:14,959 Speaker 1: understand that, UM. And then we'll talk about that and 46 00:02:15,080 --> 00:02:18,280 Speaker 1: we'll see if maybe there's something we can learn about that. 47 00:02:18,600 --> 00:02:27,280 Speaker 1: So let's jump in. UM. So San Francisco, San Francisco. 48 00:02:27,360 --> 00:02:29,320 Speaker 1: San Francisco has been running to the ground for a 49 00:02:29,320 --> 00:02:34,720 Speaker 1: long time by UM their district attorney Gascon, and Gascon 50 00:02:34,800 --> 00:02:37,040 Speaker 1: has now made his way to Los Angeles and he's 51 00:02:37,080 --> 00:02:39,520 Speaker 1: doing the same thing in Los Angeles that happened in 52 00:02:39,680 --> 00:02:44,359 Speaker 1: San Francisco. Now, people can take a lot of abuse. 53 00:02:44,520 --> 00:02:45,959 Speaker 1: I talk about this all the time. A lot of 54 00:02:46,000 --> 00:02:47,560 Speaker 1: people like, oh, you know, as soon as this happens, 55 00:02:47,560 --> 00:02:49,240 Speaker 1: the people are going to stand up and revolt. It's like, no, 56 00:02:49,280 --> 00:02:51,960 Speaker 1: they're not, No, they're not. People can take a lot 57 00:02:52,000 --> 00:02:54,320 Speaker 1: of abuse, but there a few things they won't tolerate. 58 00:02:54,400 --> 00:02:56,720 Speaker 1: One the biggest thing all throughout history, thousands of yews 59 00:02:56,760 --> 00:02:58,200 Speaker 1: of history. The one thing is that when they can't eat, 60 00:02:58,240 --> 00:03:00,399 Speaker 1: when they can't afford to feed their families or themselves, 61 00:03:00,800 --> 00:03:03,600 Speaker 1: than than all bet thro off. But the other thing 62 00:03:03,680 --> 00:03:07,120 Speaker 1: is that, UM, people don't want to be around lawlessness, 63 00:03:08,639 --> 00:03:10,839 Speaker 1: one of the things, not just one of the things, 64 00:03:10,880 --> 00:03:13,959 Speaker 1: probably the most important thing that's made America great, and 65 00:03:14,000 --> 00:03:15,840 Speaker 1: the reason why immigrants from all over the world come 66 00:03:15,840 --> 00:03:19,360 Speaker 1: to America is because America has a rule of law. 67 00:03:20,160 --> 00:03:22,840 Speaker 1: Other nations don't have the same rule of law, and 68 00:03:22,880 --> 00:03:25,480 Speaker 1: so someone could just come steal my land, or take 69 00:03:25,560 --> 00:03:27,760 Speaker 1: my business, or shut me down or throw me in 70 00:03:27,840 --> 00:03:30,760 Speaker 1: jail or whatever, but not the United States. We have 71 00:03:30,800 --> 00:03:33,200 Speaker 1: a constitution. We have a rule of law, and that 72 00:03:33,320 --> 00:03:35,800 Speaker 1: rule of law is set in stone and it's known 73 00:03:35,840 --> 00:03:39,960 Speaker 1: by everybody, and it protects me. The constitution that I 74 00:03:40,000 --> 00:03:43,120 Speaker 1: say is does not give us freedom. It limits what 75 00:03:43,160 --> 00:03:47,160 Speaker 1: the government can do. And that rule of law allows 76 00:03:47,200 --> 00:03:50,440 Speaker 1: me to build my life because I know what the 77 00:03:50,520 --> 00:03:53,600 Speaker 1: rules are and I know people can't just come change them. 78 00:03:53,640 --> 00:03:59,400 Speaker 1: In a lawless environment, a lawless nation, nobody wants to 79 00:03:59,440 --> 00:04:02,120 Speaker 1: live there because nobody can save, nobody can plan for 80 00:04:02,160 --> 00:04:04,120 Speaker 1: the future, nobody knows what's gonna happen. And so people 81 00:04:04,200 --> 00:04:07,119 Speaker 1: leave lawless nations all the time, or where there's weak 82 00:04:07,320 --> 00:04:08,680 Speaker 1: rules of long to come to the United States with 83 00:04:08,720 --> 00:04:10,800 Speaker 1: a strong rule of law. But that rule of law 84 00:04:10,840 --> 00:04:12,840 Speaker 1: is being taken down everywhere. Now, what does that have 85 00:04:12,880 --> 00:04:16,440 Speaker 1: to do with the decentralized revolution. Mark, Well, this is 86 00:04:17,000 --> 00:04:20,200 Speaker 1: one of the big catalysts that's driving this change. This 87 00:04:20,320 --> 00:04:24,120 Speaker 1: is one of the big castle is driving this change. Um, 88 00:04:24,200 --> 00:04:26,720 Speaker 1: I want to go into USA. I'm gonna jump into history. 89 00:04:26,760 --> 00:04:29,240 Speaker 1: We're gonna talk about this story real quick, a story 90 00:04:29,279 --> 00:04:33,000 Speaker 1: that probably a lot of you don't know. And uh, 91 00:04:33,080 --> 00:04:35,880 Speaker 1: this is a story. We're gonna go back in time 92 00:04:35,960 --> 00:04:38,720 Speaker 1: to the sixties, not that far back. Um, this is 93 00:04:38,800 --> 00:04:42,000 Speaker 1: recent history. So at the time we had and then 94 00:04:42,000 --> 00:04:45,240 Speaker 1: I say that the president was President Lyndon Johnson. And 95 00:04:45,320 --> 00:04:49,440 Speaker 1: Lyndon Johnson had this idea. He wanted to create an experiment, 96 00:04:49,560 --> 00:04:52,560 Speaker 1: and he wanted to create an experiment to produce the 97 00:04:52,640 --> 00:04:57,599 Speaker 1: best urban planning. So he wanted to centrally central planning 98 00:04:57,600 --> 00:05:01,280 Speaker 1: always fails. He wanted to centralize or planning. And what 99 00:05:01,320 --> 00:05:05,279 Speaker 1: he decided to do was get um a nine square 100 00:05:05,360 --> 00:05:10,880 Speaker 1: mile section of the city. Um, so we're talking about Detroit. 101 00:05:11,000 --> 00:05:12,840 Speaker 1: We're talking about so there's a story of Detroit. Most 102 00:05:12,839 --> 00:05:13,920 Speaker 1: of you probably don't know. I don't know if I 103 00:05:13,960 --> 00:05:15,880 Speaker 1: said that, this is a story of Detroit. So President 104 00:05:15,920 --> 00:05:18,320 Speaker 1: Lynn Johnson wanted to want to create this centralized urban 105 00:05:18,320 --> 00:05:21,080 Speaker 1: planning and so he decided that Detroit would be the 106 00:05:21,200 --> 00:05:23,960 Speaker 1: model city that the rest of the nation would be 107 00:05:24,000 --> 00:05:26,039 Speaker 1: modeled after. So we're gonna make it work there, and 108 00:05:26,040 --> 00:05:27,440 Speaker 1: then once we prove it there, we're gonna take to 109 00:05:27,440 --> 00:05:29,800 Speaker 1: the rest of the country. Well, it is being taken 110 00:05:29,800 --> 00:05:31,720 Speaker 1: to the rest of the country, but I don't think 111 00:05:31,720 --> 00:05:33,640 Speaker 1: it ever worked. Let's dig into that. So they took 112 00:05:33,680 --> 00:05:36,400 Speaker 1: a nine square mile section of the city had about 113 00:05:36,440 --> 00:05:39,240 Speaker 1: a hundred and thirty four thousand residents at the time, 114 00:05:40,160 --> 00:05:42,760 Speaker 1: and they created what I again as the model city. 115 00:05:42,800 --> 00:05:44,719 Speaker 1: So we're gonna create this mossily, we're gonna export the 116 00:05:44,720 --> 00:05:48,880 Speaker 1: rest of the country. They spent four hundred million, which 117 00:05:49,080 --> 00:05:51,840 Speaker 1: in nineteen sixty was a lot of money. I didn't 118 00:05:51,839 --> 00:05:54,760 Speaker 1: do the math, but it's probably, you know, a billion, 119 00:05:54,800 --> 00:05:57,200 Speaker 1: a few billion now, um, And they spent a lot 120 00:05:57,240 --> 00:06:00,440 Speaker 1: of mine to do this. Now, in nineteen sixty one, 121 00:06:01,279 --> 00:06:06,240 Speaker 1: Detroit had their very last Republican mayor. Now, I don't 122 00:06:06,279 --> 00:06:08,400 Speaker 1: like labels. I don't like to I don't like to 123 00:06:08,400 --> 00:06:10,360 Speaker 1: talk about left or right, a Republican and Democrat. I 124 00:06:10,360 --> 00:06:12,640 Speaker 1: don't like to do that. But it's important I think 125 00:06:12,680 --> 00:06:15,279 Speaker 1: for this, this study the story, to look at the facts. 126 00:06:15,440 --> 00:06:19,799 Speaker 1: This is the fact. So one was the last Republican mayor. 127 00:06:20,320 --> 00:06:27,320 Speaker 1: In came this new Democrat, Jerome Kavanaugh. And Jerome Kavanaugh, Um, 128 00:06:27,400 --> 00:06:31,800 Speaker 1: he had ran on um Lyndon Johnson's task force, and 129 00:06:32,000 --> 00:06:34,160 Speaker 1: he had a lot of support. And of course he 130 00:06:34,200 --> 00:06:36,920 Speaker 1: had a lot of support because he was on the 131 00:06:36,960 --> 00:06:40,960 Speaker 1: president's task force, so the entire political apparatus came behind 132 00:06:41,040 --> 00:06:45,360 Speaker 1: him to push him up. So he had this massive support, 133 00:06:45,560 --> 00:06:50,720 Speaker 1: and he was also massively corrupt. So anybody who is 134 00:06:50,760 --> 00:06:53,000 Speaker 1: on the task force and has all the as all 135 00:06:53,040 --> 00:06:56,159 Speaker 1: the benefit the support from the political apparatus is also 136 00:06:56,240 --> 00:06:58,320 Speaker 1: probably on the take. If you're not on the take, 137 00:06:58,360 --> 00:06:59,920 Speaker 1: you're not gonna make it very long in politics. And 138 00:07:00,080 --> 00:07:03,000 Speaker 1: so um, he was so corrupt that he actually served 139 00:07:03,000 --> 00:07:07,960 Speaker 1: ten years in prison afterwards. So um, he found his 140 00:07:08,040 --> 00:07:10,240 Speaker 1: day in court and he found his time in prison 141 00:07:10,320 --> 00:07:12,680 Speaker 1: on top of that. But what what what Kavina did? 142 00:07:12,720 --> 00:07:17,040 Speaker 1: Kavanaugh was a white was a was a white mayor. 143 00:07:17,480 --> 00:07:19,720 Speaker 1: Uh And it's probably just relevant just because Detroit was 144 00:07:19,760 --> 00:07:22,400 Speaker 1: mostly black at the time. And what he did is 145 00:07:22,400 --> 00:07:25,120 Speaker 1: he went and he pandered to all the black voters. Um, 146 00:07:25,200 --> 00:07:26,960 Speaker 1: you know, he said, Hey, I'm here for you, and 147 00:07:27,160 --> 00:07:28,640 Speaker 1: I wanna I want to. I want to I want 148 00:07:28,680 --> 00:07:30,520 Speaker 1: to bring you up out of poverty, and I really 149 00:07:30,560 --> 00:07:33,120 Speaker 1: want to work for the black community. At the time, 150 00:07:33,560 --> 00:07:35,360 Speaker 1: you know, he was just a big huckster, right and 151 00:07:35,440 --> 00:07:37,560 Speaker 1: at the time he went he marched with M. L. 152 00:07:37,680 --> 00:07:41,040 Speaker 1: K Um, which was probably the right thing to do 153 00:07:41,120 --> 00:07:43,800 Speaker 1: regardless of what race you were at that time. But 154 00:07:43,840 --> 00:07:45,760 Speaker 1: he was, really, like I said, huckster trying to pander 155 00:07:45,800 --> 00:07:48,400 Speaker 1: to these people. Uh. He said he was gonna be very, 156 00:07:48,520 --> 00:07:51,120 Speaker 1: very aggressive on affirmative action, and he did. He put 157 00:07:51,120 --> 00:07:53,400 Speaker 1: all types of policies in place in the city. Remember 158 00:07:53,400 --> 00:07:55,840 Speaker 1: that the city was going to be centrally planned, so 159 00:07:55,880 --> 00:07:58,560 Speaker 1: it's gonna be basically think of it like a communist 160 00:07:58,640 --> 00:08:00,760 Speaker 1: city right there. The government's going control everything in this 161 00:08:00,760 --> 00:08:02,800 Speaker 1: little model city area. So we put in all these 162 00:08:02,800 --> 00:08:06,040 Speaker 1: super aggressive affirmative action things that gave a lot of 163 00:08:06,040 --> 00:08:09,560 Speaker 1: benefits to the minorities. Um. And of course he expanded 164 00:08:09,600 --> 00:08:12,160 Speaker 1: the role of the government. So again the government was 165 00:08:12,200 --> 00:08:15,160 Speaker 1: going to control everything, so we had to greatly expand 166 00:08:15,160 --> 00:08:17,000 Speaker 1: the role of the government, the powers they had, and 167 00:08:17,040 --> 00:08:21,400 Speaker 1: so forth. The thing is is that this expanded role 168 00:08:21,440 --> 00:08:24,040 Speaker 1: of government and their their job or their goal of 169 00:08:24,080 --> 00:08:27,760 Speaker 1: creating this model city had to enforce things that maybe 170 00:08:27,800 --> 00:08:29,680 Speaker 1: some people didn't want to do, right, so they had 171 00:08:29,720 --> 00:08:32,960 Speaker 1: to tell people they had to force this change. People 172 00:08:33,000 --> 00:08:35,280 Speaker 1: didn't want to do it, and you know, on their 173 00:08:35,280 --> 00:08:37,679 Speaker 1: own they maybe didn't even know what the plan was. 174 00:08:37,920 --> 00:08:40,360 Speaker 1: So so the government, like a communist country, had to 175 00:08:40,400 --> 00:08:42,120 Speaker 1: tell people what they had to force the change. So 176 00:08:42,120 --> 00:08:44,679 Speaker 1: they had to tell people where they could live, They 177 00:08:44,679 --> 00:08:47,280 Speaker 1: had to tell people what to build, what they could build, 178 00:08:47,320 --> 00:08:50,040 Speaker 1: what they couldn't build. They had to tell people, um, 179 00:08:50,080 --> 00:08:52,439 Speaker 1: you know, what businesses that they were allowed to open 180 00:08:52,720 --> 00:08:57,280 Speaker 1: or what businesses had to be closed? Um they uh. 181 00:08:57,320 --> 00:08:59,920 Speaker 1: And then and then the people in exchange received they 182 00:09:00,080 --> 00:09:03,800 Speaker 1: received cash, they received training, they received education, they received 183 00:09:03,800 --> 00:09:06,200 Speaker 1: healthy care. So they they forced ever wanted to do, 184 00:09:07,000 --> 00:09:09,080 Speaker 1: what to build, what business they could have, where to live. 185 00:09:09,280 --> 00:09:11,720 Speaker 1: And then in exchange, they gave the money, training, education, 186 00:09:11,760 --> 00:09:13,760 Speaker 1: and healthcare. You don't want to miss out this story 187 00:09:13,800 --> 00:09:15,880 Speaker 1: on the Detroit and then we'll bring it back the 188 00:09:15,920 --> 00:09:18,000 Speaker 1: current time. But you have to understand this historical reference. 189 00:09:18,160 --> 00:09:21,160 Speaker 1: You're listening to the Mark Moa show talking about the 190 00:09:21,240 --> 00:09:23,520 Speaker 1: decentralized revolution each and every week. Of course through the 191 00:09:23,600 --> 00:09:26,160 Speaker 1: lens of politics, finance, and technology. You don't want to 192 00:09:26,160 --> 00:09:28,240 Speaker 1: miss this story. It's fascinating. I'll be back with that 193 00:09:28,320 --> 00:09:30,120 Speaker 1: and more in a minute. Don't go away, all right, 194 00:09:30,120 --> 00:09:32,280 Speaker 1: welcome back. You're listening to the Markma Show. We're talking 195 00:09:32,280 --> 00:09:34,880 Speaker 1: about the decentralized Revolution, the way the world's changing from 196 00:09:34,920 --> 00:09:39,520 Speaker 1: centralization to decentralization, and we look at it through the 197 00:09:39,600 --> 00:09:43,479 Speaker 1: lens of politics, finance, and technology. This is definitely politics, 198 00:09:43,600 --> 00:09:46,840 Speaker 1: maybe a little bit of finance. Um, we'll get to 199 00:09:46,840 --> 00:09:48,480 Speaker 1: the technology piece and a little bit, but we're going 200 00:09:48,480 --> 00:09:50,760 Speaker 1: through this history lesson and then we're gonna pull it 201 00:09:50,760 --> 00:09:52,360 Speaker 1: back to current day. But I want you to understand 202 00:09:52,360 --> 00:09:55,360 Speaker 1: this historical reference so we can understand where policies today 203 00:09:55,440 --> 00:09:58,600 Speaker 1: lead us. And so we're back in the sixties in Detroit. 204 00:09:58,720 --> 00:10:02,800 Speaker 1: So Kavanaugh was elected. He was he was a white mayor. 205 00:10:03,160 --> 00:10:07,959 Speaker 1: He was the last uh he uh. He was a Democrat. Um, 206 00:10:08,000 --> 00:10:10,199 Speaker 1: he was the first Democrat. The last Republica mayor was 207 00:10:10,240 --> 00:10:12,640 Speaker 1: in nineteen sixty one. And so anyway, he came in 208 00:10:12,800 --> 00:10:14,920 Speaker 1: UM and they expanded the role of government. The government 209 00:10:14,920 --> 00:10:16,880 Speaker 1: now told everybody what to do, where they could live, 210 00:10:16,880 --> 00:10:18,679 Speaker 1: what they could build, what business to open, what business 211 00:10:18,720 --> 00:10:20,920 Speaker 1: had to close, And they gave people money. They gave 212 00:10:20,960 --> 00:10:23,400 Speaker 1: people training, they get people education and healthcare. Right, So, 213 00:10:23,559 --> 00:10:26,439 Speaker 1: like any socialist or communist country, we're going to give 214 00:10:26,440 --> 00:10:29,480 Speaker 1: you everything you need and you're gonna do everything we say. 215 00:10:29,880 --> 00:10:33,040 Speaker 1: So it works, right. Uh, that's what I tell my kids. Hey, 216 00:10:33,040 --> 00:10:34,320 Speaker 1: since I gave you the place to live, and I 217 00:10:34,320 --> 00:10:35,320 Speaker 1: give you all the food and I give you all 218 00:10:35,320 --> 00:10:36,800 Speaker 1: the money, you gotta do what I say. And that's 219 00:10:36,840 --> 00:10:40,680 Speaker 1: basically what they did. The problem is that, well, besides 220 00:10:40,679 --> 00:10:44,520 Speaker 1: the fact that socialism always fails, it is because adults, 221 00:10:44,920 --> 00:10:48,040 Speaker 1: most people don't really like being told what to do. 222 00:10:49,480 --> 00:10:51,720 Speaker 1: So it kind of works for a minute, but even 223 00:10:51,760 --> 00:10:54,080 Speaker 1: after a while people are over it. My kids they've 224 00:10:54,080 --> 00:10:56,760 Speaker 1: gotten old enough and they don't really like being told 225 00:10:56,800 --> 00:10:59,240 Speaker 1: to do anymore. Adults certainly don't want to be told 226 00:10:59,280 --> 00:11:04,800 Speaker 1: what to do. They don't like being plundered by the government, right, 227 00:11:05,360 --> 00:11:08,920 Speaker 1: they don't like losing their jobs because of just a 228 00:11:08,960 --> 00:11:12,160 Speaker 1: government policy like this aggressive affirmative actually put into place. 229 00:11:12,200 --> 00:11:15,040 Speaker 1: So people were losing their jobs because of race. For example, 230 00:11:15,400 --> 00:11:18,160 Speaker 1: you're not a minority, you can't have that job. And 231 00:11:18,200 --> 00:11:21,160 Speaker 1: so as a result of that, it always fails. These 232 00:11:21,160 --> 00:11:23,080 Speaker 1: policies won't work. Like, we need people who do the 233 00:11:23,080 --> 00:11:25,720 Speaker 1: best job, regardless of what race they are. We need 234 00:11:25,800 --> 00:11:28,760 Speaker 1: people who have incentive, people that want to work on 235 00:11:28,760 --> 00:11:31,320 Speaker 1: their own motivations, and so it always fails. But let's 236 00:11:31,320 --> 00:11:33,040 Speaker 1: dig into let's dig into what happened. So this this 237 00:11:33,080 --> 00:11:34,720 Speaker 1: has been going on for about five years. So now 238 00:11:34,800 --> 00:11:37,240 Speaker 1: we're let's fast forward to nineteen sixty six. So for 239 00:11:37,280 --> 00:11:40,040 Speaker 1: about five years they've been building up this tension because 240 00:11:40,080 --> 00:11:42,800 Speaker 1: of these really aggressive affirmative action policies that have been 241 00:11:42,840 --> 00:11:46,000 Speaker 1: put into place, by pandering to, you know, the minority group, 242 00:11:46,000 --> 00:11:47,959 Speaker 1: the black people at the time, by giving them lots 243 00:11:47,960 --> 00:11:50,480 Speaker 1: of money, firing the white people, because affirmat action, all 244 00:11:50,480 --> 00:11:52,040 Speaker 1: these things. Then things that have kind of been building. 245 00:11:52,080 --> 00:11:56,400 Speaker 1: Here we are nineteen sixty six. Um By by nineteen 246 00:11:56,440 --> 00:11:59,880 Speaker 1: sixty six, within five years, more than twenty two thousand 247 00:12:00,120 --> 00:12:02,679 Speaker 1: middle and upper class residents have left. So there was 248 00:12:02,720 --> 00:12:06,280 Speaker 1: about a hundred and thirty thousand at the time, hundred 249 00:12:06,360 --> 00:12:10,120 Speaker 1: thirty four thousand, So two thousand of the hundred four thousand, 250 00:12:10,360 --> 00:12:15,040 Speaker 1: a considerable chunk had left permanently and within five years. 251 00:12:15,080 --> 00:12:16,439 Speaker 1: Why Because, like I said, people just don't like to 252 00:12:16,440 --> 00:12:19,360 Speaker 1: be told to do. They don't like that. The next 253 00:12:19,480 --> 00:12:24,400 Speaker 1: year in the model City. A party um broke out 254 00:12:25,120 --> 00:12:28,840 Speaker 1: and it was at this bar and there was you know, 255 00:12:28,880 --> 00:12:30,520 Speaker 1: in the black area of town and was a bar, 256 00:12:31,000 --> 00:12:34,760 Speaker 1: and the police moved in to break it up. And 257 00:12:34,920 --> 00:12:38,640 Speaker 1: it turned into be the worst race riot of the sixties. 258 00:12:39,000 --> 00:12:41,040 Speaker 1: So for that decade, it was the worst race riots 259 00:12:41,040 --> 00:12:44,160 Speaker 1: in the United States. It left more than forty people 260 00:12:44,320 --> 00:12:49,760 Speaker 1: dead and more than five thousand people homeless. Stores all 261 00:12:49,760 --> 00:12:52,040 Speaker 1: in the area in the Model City were looted, they 262 00:12:52,040 --> 00:12:54,280 Speaker 1: were burned to the ground. Right. We see this happening 263 00:12:54,280 --> 00:12:56,840 Speaker 1: still today, right, you see it all over um. So 264 00:12:56,960 --> 00:12:59,280 Speaker 1: forty people died, five thousand people were left homeless, stores 265 00:12:59,320 --> 00:13:01,680 Speaker 1: were looted, store as were burned to the ground. It 266 00:13:01,840 --> 00:13:04,400 Speaker 1: got so bad, but the mayor was afraid to move 267 00:13:04,400 --> 00:13:06,800 Speaker 1: in with force because it was a race, right, and 268 00:13:06,800 --> 00:13:09,760 Speaker 1: he was afraid of making it even worse. So finally 269 00:13:09,920 --> 00:13:13,199 Speaker 1: President Johnson had to do something. And so the President 270 00:13:13,360 --> 00:13:15,480 Speaker 1: moved in, which we don't see this today, and he 271 00:13:15,600 --> 00:13:19,160 Speaker 1: sent in two divisions of paratroopers into the Model City 272 00:13:19,160 --> 00:13:24,960 Speaker 1: in Detroit. Over the next eighteen months, a hundred and 273 00:13:25,160 --> 00:13:30,200 Speaker 1: forty thousand upper in middle class tax pain will say 274 00:13:30,440 --> 00:13:35,720 Speaker 1: residents left. So things are going downhill really quick. People 275 00:13:35,720 --> 00:13:38,760 Speaker 1: don't like it. People are leaving the middle the upper 276 00:13:38,760 --> 00:13:41,240 Speaker 1: and middle class people, the tax paying people are leaving. 277 00:13:41,280 --> 00:13:45,000 Speaker 1: Who's left the poor people on the government payroll. That's 278 00:13:45,000 --> 00:13:49,000 Speaker 1: who's left. So that would seem like a failure to me, 279 00:13:49,320 --> 00:13:52,160 Speaker 1: And I would think, well, we tried it. Turns out 280 00:13:52,200 --> 00:13:55,920 Speaker 1: telling people what to do UM, treating people differently, unfairly 281 00:13:56,400 --> 00:14:00,320 Speaker 1: and over taxing people UM apparently doesn't work. And people 282 00:14:00,320 --> 00:14:02,720 Speaker 1: don't like that. And everyone, everyone that was productive moved away, 283 00:14:02,760 --> 00:14:04,160 Speaker 1: and now all we have left is a bunch of 284 00:14:04,200 --> 00:14:06,440 Speaker 1: unproductive people we have to pay. So that failed. I 285 00:14:06,440 --> 00:14:08,160 Speaker 1: guess let's try something different. No, but that's not what 286 00:14:08,160 --> 00:14:11,760 Speaker 1: the government does. The government wants to double down. So shoot, 287 00:14:11,880 --> 00:14:13,600 Speaker 1: well it didn't work because we didn't try it hard enough. 288 00:14:13,640 --> 00:14:15,719 Speaker 1: If we do twice as hard, maybe it'll work next time. 289 00:14:15,720 --> 00:14:18,800 Speaker 1: And that's exactly what the government did. So in four 290 00:14:19,800 --> 00:14:22,560 Speaker 1: they expanded the program into something called the Community Development 291 00:14:22,600 --> 00:14:26,800 Speaker 1: Block Grant program. And so basically what that did is 292 00:14:26,800 --> 00:14:31,240 Speaker 1: it groups. Uh, it creates groups and individuals who would 293 00:14:31,280 --> 00:14:34,080 Speaker 1: receive more money from the government. Remember, because the taxpaying 294 00:14:34,080 --> 00:14:37,840 Speaker 1: people left, so the government has to pay even more people. UM. 295 00:14:37,880 --> 00:14:40,200 Speaker 1: On top of that, it continued to continue to try 296 00:14:40,240 --> 00:14:43,240 Speaker 1: to expand expand expanded. Remember, Detroit was the automobile capital 297 00:14:43,280 --> 00:14:47,200 Speaker 1: of the world. So then the big three automakers, Ford, Chrysler, 298 00:14:47,200 --> 00:14:51,880 Speaker 1: and GM gave about half a billion dollars to the 299 00:14:51,880 --> 00:14:56,200 Speaker 1: city for the program, and it still didn't work. Now, 300 00:14:56,240 --> 00:15:01,840 Speaker 1: since then, every single mayor of Detroit since ninetistic one 301 00:15:01,840 --> 00:15:05,760 Speaker 1: has been a Democrat. Every single mayor of Detroit since 302 00:15:05,920 --> 00:15:11,240 Speaker 1: nineteen seventy four has been black and the and they 303 00:15:11,320 --> 00:15:13,680 Speaker 1: have been The city has been the major recipient of 304 00:15:13,840 --> 00:15:19,000 Speaker 1: every single major social program since the sixties. They've received 305 00:15:19,200 --> 00:15:25,160 Speaker 1: hundreds of billions of dollars in government grants, loans, and programs. 306 00:15:25,200 --> 00:15:28,760 Speaker 1: But yet where is Detroit today. Detroit is one of 307 00:15:28,800 --> 00:15:34,040 Speaker 1: the poorest, most violent cities in the United States still today. 308 00:15:34,120 --> 00:15:37,240 Speaker 1: I mean, just listen to Eminem, right, he can tell 309 00:15:37,240 --> 00:15:40,600 Speaker 1: you about the Detroit streets and what happened. Well, the 310 00:15:40,720 --> 00:15:43,240 Speaker 1: centralized planning failed. People didn't want to be told what 311 00:15:43,320 --> 00:15:45,480 Speaker 1: to do. People didn't want to lose their jobs. The 312 00:15:45,600 --> 00:15:49,120 Speaker 1: people with money left, The upper and middle classes left, 313 00:15:49,160 --> 00:15:52,200 Speaker 1: but the poor they didn't have the option to leave. 314 00:15:52,400 --> 00:15:55,280 Speaker 1: Some some did as well. During that time, from the 315 00:15:55,320 --> 00:15:58,360 Speaker 1: sixties to the nineties, over thirty years, the Model city 316 00:15:58,440 --> 00:16:03,960 Speaker 1: lost sixty three percent of the population of the population left, 317 00:16:04,120 --> 00:16:06,240 Speaker 1: that's how much they liked the model city. And they 318 00:16:06,360 --> 00:16:10,360 Speaker 1: also lost forty five of the housing. That's how well 319 00:16:10,400 --> 00:16:13,320 Speaker 1: it did. Now I tell you that story, because um, 320 00:16:13,360 --> 00:16:14,880 Speaker 1: they were supposed to create the model city that was 321 00:16:14,880 --> 00:16:15,920 Speaker 1: gonna be so great, and then they were going to 322 00:16:15,960 --> 00:16:18,520 Speaker 1: do it in the rest of the country. Well, um, 323 00:16:18,640 --> 00:16:20,160 Speaker 1: they did do it in the rest of the country. 324 00:16:20,360 --> 00:16:24,400 Speaker 1: The problem is it never worked back then and it's 325 00:16:24,440 --> 00:16:28,640 Speaker 1: certainly not working today. So jumping forward, let's talk back 326 00:16:28,680 --> 00:16:33,640 Speaker 1: about San Francisco. So San Francisco is on the verge 327 00:16:33,800 --> 00:16:40,160 Speaker 1: of an economic reckoning. Why, well, same thing. San Francisco 328 00:16:40,240 --> 00:16:45,800 Speaker 1: has been ground zero for progressives, progressive ideology, ground zero 329 00:16:45,880 --> 00:16:49,480 Speaker 1: for socialist movements within the United States. Um, they've all 330 00:16:49,520 --> 00:16:54,680 Speaker 1: gone to San Francisco, you know, Berkeley, et cetera. All right, now, Um, 331 00:16:54,840 --> 00:16:57,080 Speaker 1: l A also used to be a shining city. Now 332 00:16:57,120 --> 00:16:59,240 Speaker 1: we talked about how the d A left San Francisco 333 00:16:59,320 --> 00:17:01,840 Speaker 1: to come to l A. That's a different story. But 334 00:17:02,080 --> 00:17:04,320 Speaker 1: l A lost a lot of its glitz and glamor 335 00:17:04,400 --> 00:17:08,919 Speaker 1: in the seventies. Why because crime rates started to skyrocket. 336 00:17:08,920 --> 00:17:12,760 Speaker 1: That's the key pieces crime rates. What happened in Detroit 337 00:17:13,320 --> 00:17:18,040 Speaker 1: crime rates, right, it all started with that, that the 338 00:17:18,040 --> 00:17:20,040 Speaker 1: fight at the bar, which then led into the race war. 339 00:17:20,480 --> 00:17:24,159 Speaker 1: People don't want to be around violence. I want to 340 00:17:24,240 --> 00:17:27,679 Speaker 1: live somewhere I feel safe. If I don't feel safe, 341 00:17:27,840 --> 00:17:30,080 Speaker 1: I am going to leave. Nobody wants to be terrifed 342 00:17:30,119 --> 00:17:33,119 Speaker 1: terrorized by that. So when crime skyrocket in l A, 343 00:17:33,160 --> 00:17:35,920 Speaker 1: people left. San Francisco was able to hold onto its 344 00:17:35,960 --> 00:17:39,320 Speaker 1: affluent image for longer, and it was once considered one 345 00:17:39,320 --> 00:17:41,640 Speaker 1: of the greatest cities in the US. But you won't 346 00:17:41,640 --> 00:17:44,199 Speaker 1: believe what's happened to San Francisco. I got the stats, 347 00:17:44,240 --> 00:17:47,880 Speaker 1: the charts to back it up, and uh, it's not good. 348 00:17:47,920 --> 00:17:49,920 Speaker 1: It's probably gonna end up just like Detroit. I'm gonna 349 00:17:49,960 --> 00:17:51,720 Speaker 1: be back with that and more in a minute. You're 350 00:17:51,720 --> 00:17:54,400 Speaker 1: listening to the Markmas Show talking about the decentralized revolution, 351 00:17:54,400 --> 00:17:56,680 Speaker 1: talking about the way the world is changing through the 352 00:17:56,760 --> 00:18:01,080 Speaker 1: lens of politics, finance, and technology. And we're talking specifically, uh, 353 00:18:01,119 --> 00:18:03,040 Speaker 1: taking a historical lesson and looking at it in the 354 00:18:03,080 --> 00:18:05,280 Speaker 1: lens of today to see how this is going to 355 00:18:05,359 --> 00:18:09,160 Speaker 1: change things, how the the US will decentralize even more. 356 00:18:09,320 --> 00:18:10,560 Speaker 1: We'll be back with that and more in a minute. 357 00:18:10,600 --> 00:18:12,919 Speaker 1: Don't go away, all right, welcome back. You are listening 358 00:18:12,960 --> 00:18:15,960 Speaker 1: to the Markmas Show. We're talking about the decentralized Revolution. 359 00:18:16,240 --> 00:18:18,680 Speaker 1: We're talking about the way the world changes from centralization 360 00:18:18,680 --> 00:18:22,760 Speaker 1: to decentralization. And that's exactly what we talked about each 361 00:18:22,760 --> 00:18:23,880 Speaker 1: and every week. We look at it through the lens 362 00:18:23,880 --> 00:18:25,840 Speaker 1: of politics, finance, and technology. You need to have this 363 00:18:26,040 --> 00:18:29,080 Speaker 1: you know, holistic view to put everything into context today 364 00:18:29,600 --> 00:18:32,080 Speaker 1: and over the last you know, hundred years, two hundred years. 365 00:18:32,119 --> 00:18:34,040 Speaker 1: In the United States, we've had a lot of centralization. 366 00:18:34,080 --> 00:18:36,760 Speaker 1: People have moved to the cities. It wasn't enough just 367 00:18:36,760 --> 00:18:38,240 Speaker 1: to be in the United States. You couldn't be another 368 00:18:38,240 --> 00:18:39,600 Speaker 1: parts of world. You to come to the United States. 369 00:18:39,720 --> 00:18:40,919 Speaker 1: But you couldn't just be in the United States. Had 370 00:18:40,960 --> 00:18:41,840 Speaker 1: to be in the city, had to be in New 371 00:18:41,920 --> 00:18:45,919 Speaker 1: York or Chicago, or Detroit or San Francisco. You had 372 00:18:45,960 --> 00:18:49,159 Speaker 1: to be in a city. But now it's decentralizing. Now 373 00:18:49,160 --> 00:18:51,240 Speaker 1: people are moving all over the United States, which is 374 00:18:51,240 --> 00:18:54,879 Speaker 1: why uh real estate in Colorado and Wyoming and Montana 375 00:18:54,960 --> 00:18:58,080 Speaker 1: is blowing up. But not just they're also in uh Plaido, 376 00:18:58,160 --> 00:19:02,199 Speaker 1: karm in Mexico or Floridapolis, Brazil, and so it's going 377 00:19:02,240 --> 00:19:05,119 Speaker 1: to continue to decentralize. And we're talking about part of 378 00:19:05,119 --> 00:19:06,919 Speaker 1: the reason why we're talking about this mass exit of 379 00:19:06,960 --> 00:19:10,040 Speaker 1: the city's If you miss the historical story of Detroit, 380 00:19:10,280 --> 00:19:12,199 Speaker 1: go back and check out the podcast on that. But 381 00:19:12,280 --> 00:19:14,679 Speaker 1: here we are talking about San Francisco. So San Francisco 382 00:19:14,760 --> 00:19:19,239 Speaker 1: has been UM. It's been this uh, this place that 383 00:19:19,359 --> 00:19:23,560 Speaker 1: progressives wanted to go to. People who are so progressive, 384 00:19:23,560 --> 00:19:26,560 Speaker 1: they want to be so lax on all these things. 385 00:19:26,880 --> 00:19:29,920 Speaker 1: But the problem is that people don't want to live 386 00:19:30,359 --> 00:19:32,399 Speaker 1: where they're told what to do. People don't want to 387 00:19:32,400 --> 00:19:37,600 Speaker 1: be taken advantage of. People don't want to be UM. 388 00:19:37,760 --> 00:19:40,280 Speaker 1: They want to live around crime. People want to be safe, 389 00:19:41,000 --> 00:19:45,120 Speaker 1: and that's a big thing. So back to San Francisco. UM. 390 00:19:45,160 --> 00:19:48,480 Speaker 1: It was once UM. It was once considered one of 391 00:19:48,480 --> 00:19:50,920 Speaker 1: the greatest cities in the US, but the past decade 392 00:19:50,960 --> 00:19:54,479 Speaker 1: in particular, has not been so kind to the Bay Area. 393 00:19:55,240 --> 00:19:59,560 Speaker 1: The free market mentality of the business used to keep 394 00:19:59,600 --> 00:20:04,360 Speaker 1: the sanity of the San Francisco left ideology, ideologies and check. 395 00:20:04,720 --> 00:20:07,760 Speaker 1: So because there was enough business going on the free 396 00:20:07,800 --> 00:20:11,320 Speaker 1: markets UM, they were able to kind of counterbalance this 397 00:20:11,320 --> 00:20:16,000 Speaker 1: this heavy central control ideologies that were there, that were pervasive. 398 00:20:16,359 --> 00:20:21,560 Speaker 1: But now the corporate world has joined the ideologies of 399 00:20:21,600 --> 00:20:26,520 Speaker 1: the left and they're engaging in activism right alongside everybody else. 400 00:20:27,680 --> 00:20:30,120 Speaker 1: And that is the problem. So the city is now 401 00:20:30,240 --> 00:20:34,960 Speaker 1: famous for its depravity and decline and this is factual. 402 00:20:35,880 --> 00:20:37,879 Speaker 1: Just look it up on YouTube. You can find all 403 00:20:37,880 --> 00:20:41,280 Speaker 1: the videos. Just go onto your favorite app store on 404 00:20:41,320 --> 00:20:44,879 Speaker 1: your phone and you'll see there's multiple apps made to 405 00:20:45,080 --> 00:20:49,520 Speaker 1: track poop. That's right, the track poop. Why it helps 406 00:20:49,600 --> 00:20:53,119 Speaker 1: residents avoid stepping in human fecal matter that's piled up 407 00:20:53,119 --> 00:20:56,120 Speaker 1: on the sidewalks as well as entire neighborhoods and street 408 00:20:56,160 --> 00:20:59,000 Speaker 1: corners that are overrun with homeless people and fentinol addicts. 409 00:20:59,680 --> 00:21:03,000 Speaker 1: They say that San Francisco is the only city where 410 00:21:03,000 --> 00:21:08,440 Speaker 1: a dog would accidentally step in human feces. That's how 411 00:21:08,440 --> 00:21:10,399 Speaker 1: bad it is. Then they have the multiple app to 412 00:21:10,400 --> 00:21:11,920 Speaker 1: back it up. Look, this isn't mean this is what 413 00:21:12,280 --> 00:21:16,119 Speaker 1: it is all right, um. Much like l A and 414 00:21:16,119 --> 00:21:19,440 Speaker 1: the city of Portland, wherever the political left takes full control, 415 00:21:19,640 --> 00:21:22,000 Speaker 1: these are the kinds of unfortunate scenes you're likely to 416 00:21:22,000 --> 00:21:25,959 Speaker 1: witness on a regular basis in San Francisco. Recent estimates 417 00:21:25,960 --> 00:21:31,359 Speaker 1: project at least twenty thousand homeless people reside in the 418 00:21:31,400 --> 00:21:35,040 Speaker 1: city this year. It says that the social implosion, along 419 00:21:35,080 --> 00:21:38,840 Speaker 1: with the draconian COVID mandates, caused hundreds of thousands of 420 00:21:38,840 --> 00:21:42,760 Speaker 1: people to flee the state. Again, the social implosion. People 421 00:21:42,840 --> 00:21:45,040 Speaker 1: don't want to be around this. You don't want to 422 00:21:45,080 --> 00:21:48,520 Speaker 1: walk out of your house and see fecal matter all 423 00:21:48,560 --> 00:21:52,440 Speaker 1: over and homeless people everywhere and trash everywhere. Thanks to Gascon, 424 00:21:52,560 --> 00:21:54,920 Speaker 1: the district attorney in in San Francisco at the time 425 00:21:54,960 --> 00:21:57,440 Speaker 1: now in his in l A. He decriminalized theft under 426 00:21:57,480 --> 00:22:02,240 Speaker 1: a thousand dollars. He decriminalized drug usee decriminalized resisting arrest. 427 00:22:02,400 --> 00:22:04,160 Speaker 1: So what do you think is gonna happen, Well, they 428 00:22:04,200 --> 00:22:07,119 Speaker 1: steal and they resist arrest. In San Francisco, you can 429 00:22:07,160 --> 00:22:09,399 Speaker 1: find countless videos of this. They show up and they 430 00:22:09,440 --> 00:22:11,600 Speaker 1: just go into like the cvs and just steal everything 431 00:22:12,000 --> 00:22:14,800 Speaker 1: because there's no crime. But what happens The store can't 432 00:22:14,800 --> 00:22:16,720 Speaker 1: stay and business not all the stores had to shut down. 433 00:22:17,160 --> 00:22:18,959 Speaker 1: The restaurants couldn't stay open because people go in there 434 00:22:19,000 --> 00:22:20,399 Speaker 1: order all this food and then get up and just 435 00:22:20,480 --> 00:22:22,160 Speaker 1: leave and say, what are you gonna do. Call it police. 436 00:22:22,160 --> 00:22:24,760 Speaker 1: It's not even illegal. So the business is shut down. 437 00:22:25,119 --> 00:22:29,240 Speaker 1: People will not put up with that. They won't. They 438 00:22:29,280 --> 00:22:31,639 Speaker 1: won't deal with the draconian COVID mandates. Why would they 439 00:22:31,680 --> 00:22:33,920 Speaker 1: live unfree when they can go live free somewhere else. 440 00:22:33,920 --> 00:22:35,840 Speaker 1: Thousands of people left the state. San Francisco saw a 441 00:22:35,880 --> 00:22:40,840 Speaker 1: six percent population decline just last year. Sales tax revenues 442 00:22:40,920 --> 00:22:44,560 Speaker 1: dropped by fifty percent. Fifty percent of their sales tax 443 00:22:44,600 --> 00:22:46,399 Speaker 1: has dropped. Where are they gonna get the money to 444 00:22:46,440 --> 00:22:47,800 Speaker 1: stay in business? Where they're gonna get the mony to 445 00:22:47,840 --> 00:22:50,159 Speaker 1: pay for all these people? Just like the story of 446 00:22:50,200 --> 00:22:53,760 Speaker 1: Detroit Um. The most visible signals of collapse are in 447 00:22:53,800 --> 00:22:56,560 Speaker 1: the real estate market. For now, residential homes have created 448 00:22:56,640 --> 00:22:59,960 Speaker 1: by about but the real damage is in the commerce. 449 00:23:00,000 --> 00:23:04,240 Speaker 1: Actual real estate space bids for office space and downtown 450 00:23:04,359 --> 00:23:08,720 Speaker 1: San Francisco are down sixty to seventy percent. Let's break 451 00:23:08,760 --> 00:23:11,480 Speaker 1: that down a little bit. So in the commercial real 452 00:23:11,600 --> 00:23:15,760 Speaker 1: estate space, UM, it's really bad. Um it's so bad 453 00:23:15,800 --> 00:23:18,160 Speaker 1: as a matter of fact, that the entire downtown core 454 00:23:18,520 --> 00:23:22,440 Speaker 1: that used to be San Francisco's gdp uh seventy percent 455 00:23:22,960 --> 00:23:27,680 Speaker 1: of San Francisco sales tax revenue came from the downtown 456 00:23:28,000 --> 00:23:32,320 Speaker 1: and fort of the jobs. The problem is all the 457 00:23:32,400 --> 00:23:37,639 Speaker 1: businesses have left, big tech employers, Yelp, Airbnb, they're gone. 458 00:23:38,640 --> 00:23:42,600 Speaker 1: All the companies they've left, even Meta left, they're all leaving. 459 00:23:42,960 --> 00:23:47,080 Speaker 1: That it's led to massive office office vacancies. A recent 460 00:23:47,119 --> 00:23:50,600 Speaker 1: report from the Urban Displacement Program Project ranked the city's 461 00:23:50,600 --> 00:23:55,600 Speaker 1: downtown recovery as dead last among more than sixty cities 462 00:23:55,640 --> 00:24:01,000 Speaker 1: across North America. Dead last. UM And so now there's 463 00:24:01,080 --> 00:24:05,040 Speaker 1: these zombie buildings all over downtown San Francisco. The risk 464 00:24:05,080 --> 00:24:08,960 Speaker 1: of San Francisco's real estate collapse is here. It says 465 00:24:09,000 --> 00:24:13,560 Speaker 1: that per Dan McNamara, New York hedge fund group, who 466 00:24:13,560 --> 00:24:17,320 Speaker 1: buys up real estate that's under under duress, he doesn't 467 00:24:17,359 --> 00:24:20,560 Speaker 1: even want San Francisco real estate. He said. We've had 468 00:24:20,600 --> 00:24:22,520 Speaker 1: all these tech companies that have been driving office space 469 00:24:22,560 --> 00:24:25,240 Speaker 1: huges for the past twenty years. But we believe that's 470 00:24:25,480 --> 00:24:30,840 Speaker 1: changed forever. Building owners are asking this today to please 471 00:24:30,920 --> 00:24:33,240 Speaker 1: cut their tax bills on the grounds of their buildings 472 00:24:34,240 --> 00:24:37,320 Speaker 1: don't have any people paying and they've lost all their value. Hey, 473 00:24:37,359 --> 00:24:39,760 Speaker 1: we can't afford it. Can you lower our property taxes? 474 00:24:40,080 --> 00:24:44,600 Speaker 1: But because of prop thirteen in California. San Francisco has 475 00:24:44,640 --> 00:24:48,200 Speaker 1: protection from the property taxes going down. So this old 476 00:24:48,280 --> 00:24:51,960 Speaker 1: law limits when properties can be a reassess for tax purposes. 477 00:24:52,000 --> 00:24:54,399 Speaker 1: So even the property values have dropped by sixty or 478 00:24:54,400 --> 00:24:58,520 Speaker 1: sev and they have no tenants paying, the building owners 479 00:24:58,560 --> 00:25:01,800 Speaker 1: still have to pay the same old rates from when 480 00:25:01,800 --> 00:25:05,640 Speaker 1: those buildings were worth full values. Older buildings, even ones 481 00:25:05,680 --> 00:25:08,160 Speaker 1: worth tens of millions at market prices, have to pay 482 00:25:08,200 --> 00:25:13,080 Speaker 1: taxes based on the old valuations. But they can't afford it. 483 00:25:14,200 --> 00:25:17,960 Speaker 1: So what's gonna happen. You have all these buildings, they 484 00:25:17,960 --> 00:25:22,480 Speaker 1: have none renting. They're not coming back. They're being assessed 485 00:25:22,640 --> 00:25:25,240 Speaker 1: taxes on this old valuation, even though the valuations they're 486 00:25:25,240 --> 00:25:30,120 Speaker 1: down sixty or seventy. The cities has put these policies place. 487 00:25:30,160 --> 00:25:35,080 Speaker 1: They've driven everyone away. People with money have left, businesses 488 00:25:35,080 --> 00:25:38,040 Speaker 1: have left. Now they have no income. How do they 489 00:25:38,080 --> 00:25:41,360 Speaker 1: pay for all the homeless people? And now all these 490 00:25:41,400 --> 00:25:44,320 Speaker 1: building owners are gonna lose their buildings because they can't 491 00:25:44,320 --> 00:25:46,040 Speaker 1: afford to keep up with the property taxes that can't 492 00:25:46,040 --> 00:25:50,040 Speaker 1: come down because of laws put in place. See how 493 00:25:50,040 --> 00:25:54,280 Speaker 1: that works? Now, let's see here. Um two thirds of 494 00:25:54,280 --> 00:25:56,480 Speaker 1: responding say the city has gone downhill since they first 495 00:25:56,520 --> 00:26:00,720 Speaker 1: moved there. Seventy percent of the people saying it pulled 496 00:26:00,720 --> 00:26:03,240 Speaker 1: there said is unlikely the conditions will improve over the 497 00:26:03,280 --> 00:26:08,240 Speaker 1: next three years. It won't improved. Forty of San Franciscan 498 00:26:08,359 --> 00:26:11,920 Speaker 1: say they will move out of the city within that 499 00:26:11,960 --> 00:26:16,479 Speaker 1: time are going to leave. Those most likely to leave 500 00:26:16,520 --> 00:26:18,400 Speaker 1: the city are between ages of eighteen and thirty four, 501 00:26:18,880 --> 00:26:23,440 Speaker 1: fifty percent saying they're preparing now to leave the city. 502 00:26:25,200 --> 00:26:33,680 Speaker 1: UM between April of residents in their twenties left the city, 503 00:26:33,720 --> 00:26:38,400 Speaker 1: and homelessness was ranked as the top problem with respondents, 504 00:26:38,440 --> 00:26:44,040 Speaker 1: with public safety placing second. Remember, people won't live somewhere 505 00:26:44,240 --> 00:26:49,880 Speaker 1: where it's not safe. People don't want that. The numbers 506 00:26:49,880 --> 00:26:53,880 Speaker 1: show it. Of the people say they will move out 507 00:26:53,960 --> 00:26:56,760 Speaker 1: of this they're preparing to move out of the city. 508 00:26:57,280 --> 00:26:59,240 Speaker 1: I don't know how much more we can say that. Now, 509 00:26:59,280 --> 00:27:01,960 Speaker 1: this is not unique to San Francisco. As I said, 510 00:27:01,960 --> 00:27:04,360 Speaker 1: the destrict attorney that created this problem in San Francisco 511 00:27:04,440 --> 00:27:06,400 Speaker 1: is now in Los Angeles. He's doing the same thing 512 00:27:06,840 --> 00:27:09,760 Speaker 1: we saw this week that they're doing now the same 513 00:27:09,800 --> 00:27:14,560 Speaker 1: thing in Illinois. UM with this new UM what do 514 00:27:14,640 --> 00:27:17,280 Speaker 1: they call it, safe t act is what they're calling 515 00:27:17,280 --> 00:27:21,840 Speaker 1: a safe t act eliminating cash Bell. The Illinois mayor 516 00:27:21,840 --> 00:27:24,720 Speaker 1: sad the alarment. How dangerous a state law that eliminates cash. 517 00:27:24,720 --> 00:27:27,040 Speaker 1: Bell will be arguing communities will be left with more 518 00:27:27,680 --> 00:27:31,360 Speaker 1: vulnerable victims of crimes, and the victims will lose their 519 00:27:31,359 --> 00:27:36,080 Speaker 1: constitutional rights. Mhm more crime, Why, because we're not going 520 00:27:36,119 --> 00:27:38,640 Speaker 1: to punish it. If you take away the punishments, you're 521 00:27:38,640 --> 00:27:40,520 Speaker 1: gonna get more crime. You're listen to the Mark Mars Show. 522 00:27:40,600 --> 00:27:42,680 Speaker 1: I'm gonna be back with that and more in a minute. 523 00:27:42,680 --> 00:27:44,920 Speaker 1: Don't go away, all right, welcome back. You were listening 524 00:27:44,920 --> 00:27:48,159 Speaker 1: to the Mark ma Show. We're talking about the decentralized Revolution. Uh. 525 00:27:48,240 --> 00:27:50,040 Speaker 1: We talked about the way the world is swinging from 526 00:27:50,040 --> 00:27:53,639 Speaker 1: centralization to decentralization. Today we're talking about specifically how this 527 00:27:53,720 --> 00:27:55,320 Speaker 1: is working in the United States, but it's happening all 528 00:27:55,359 --> 00:27:57,640 Speaker 1: over the world. UM, and in the United States. UM, 529 00:27:57,680 --> 00:27:59,960 Speaker 1: there was this centralization of the last hundred years where 530 00:28:00,160 --> 00:28:02,399 Speaker 1: he moved to the cities, so you had to be 531 00:28:02,440 --> 00:28:05,000 Speaker 1: in New York or Chicago, or Detroit, or San Francisco 532 00:28:05,119 --> 00:28:08,320 Speaker 1: or Los Angeles. But today everyone's fleeing the cities and 533 00:28:08,320 --> 00:28:10,720 Speaker 1: they're moving to rural areas and moving to Montana and 534 00:28:10,720 --> 00:28:14,280 Speaker 1: Ido in Colorado, but they're also moving to Mexico or 535 00:28:14,359 --> 00:28:17,119 Speaker 1: Central America. They're awesome moving those places. And part of 536 00:28:17,160 --> 00:28:20,280 Speaker 1: the reason why is because of the laws that are 537 00:28:20,320 --> 00:28:22,240 Speaker 1: being put into place in the cities that are driving 538 00:28:22,240 --> 00:28:24,639 Speaker 1: people away. So we're kind of diving down into a 539 00:28:24,720 --> 00:28:26,760 Speaker 1: rabbit hole. So you can understand at this level, and 540 00:28:26,760 --> 00:28:29,359 Speaker 1: then you can understand from a bigger level. We talked 541 00:28:29,359 --> 00:28:32,400 Speaker 1: about the historical reference to the city of Detroit, which 542 00:28:32,480 --> 00:28:35,080 Speaker 1: was um set up by the government by the United States, 543 00:28:35,080 --> 00:28:38,160 Speaker 1: by the President to be quote unquote a model city 544 00:28:38,240 --> 00:28:39,400 Speaker 1: and then it was gonna be spread to the rest 545 00:28:39,400 --> 00:28:41,120 Speaker 1: of the country. Well, it turned out the model city 546 00:28:41,120 --> 00:28:42,520 Speaker 1: was a bomb, but they still spread it to the 547 00:28:42,520 --> 00:28:45,120 Speaker 1: rest of the country. We talked about in San Francisco, 548 00:28:45,840 --> 00:28:49,000 Speaker 1: where fort of residents say they will leave within the 549 00:28:49,040 --> 00:28:54,040 Speaker 1: next three years have already left. The real the commercial 550 00:28:54,080 --> 00:28:56,600 Speaker 1: real estate market has completely created and the city is 551 00:28:56,600 --> 00:28:59,240 Speaker 1: going to be out of revenue. Now like this is 552 00:28:59,280 --> 00:29:02,440 Speaker 1: falling apart super super fast. But of course the now 553 00:29:02,520 --> 00:29:05,000 Speaker 1: San Francisco is doing it in l A. But it's 554 00:29:05,000 --> 00:29:08,120 Speaker 1: even happening in Illinois as well, And we're talking about 555 00:29:08,160 --> 00:29:11,520 Speaker 1: this new bill they put into place and said, uh, 556 00:29:11,600 --> 00:29:16,239 Speaker 1: I can't oak. Orlans Park Mayor Keith Pecoo said at 557 00:29:16,240 --> 00:29:18,120 Speaker 1: a town hall meeting, quote, I can't even begin to 558 00:29:18,120 --> 00:29:24,600 Speaker 1: tell you how dangerous this act is. In quote UM, 559 00:29:24,720 --> 00:29:28,120 Speaker 1: the Safety Act will restrict who can be arrested, increase 560 00:29:28,160 --> 00:29:31,760 Speaker 1: eligibility for probation for people convicted with some drug crimes, 561 00:29:31,800 --> 00:29:35,880 Speaker 1: among among other changes to policing and police training. Supporters 562 00:29:35,880 --> 00:29:37,840 Speaker 1: of the law says, it will make it more fair. 563 00:29:38,440 --> 00:29:40,480 Speaker 1: It's more fair if we don't punish people for their crimes, 564 00:29:40,520 --> 00:29:45,440 Speaker 1: I suppose. But Keith Pacas says that by abolishing the 565 00:29:45,520 --> 00:29:48,680 Speaker 1: cash Bell, it creates a massive threat to residents, so 566 00:29:48,840 --> 00:29:52,680 Speaker 1: it eliminates UM the the the need for r says. 567 00:29:52,720 --> 00:29:55,160 Speaker 1: The press release from Orland Park Villages states the abolishing 568 00:29:55,200 --> 00:29:58,760 Speaker 1: cash Bell will affect almost every offense, including kidnapping, arm robbery, 569 00:29:58,800 --> 00:30:02,600 Speaker 1: secondary murder, regonduced thomas ide, aggravated d UI, threatened to 570 00:30:02,600 --> 00:30:07,719 Speaker 1: public official, aggravating, fleeing, of eluding UM. The town leadership 571 00:30:07,720 --> 00:30:09,640 Speaker 1: also argued that victims of crimes will be denied their 572 00:30:09,720 --> 00:30:15,120 Speaker 1: quote constitutional rights to denounced. How offenders released on electronic 573 00:30:15,160 --> 00:30:16,920 Speaker 1: monitoring devices will need to be in violation of their 574 00:30:16,960 --> 00:30:20,880 Speaker 1: prole for forty eight hours before police can act. And 575 00:30:21,040 --> 00:30:24,320 Speaker 1: police will no longer be able to remove trespassers from 576 00:30:24,360 --> 00:30:29,400 Speaker 1: my residents or a business. So if police aren't able 577 00:30:29,440 --> 00:30:31,959 Speaker 1: to remove a trespasser from a business or a house, 578 00:30:34,120 --> 00:30:37,760 Speaker 1: so what do you do then? So I have a house, 579 00:30:37,960 --> 00:30:40,840 Speaker 1: I have a family, I got little girls at my house. 580 00:30:41,520 --> 00:30:44,360 Speaker 1: If a trespasser came to my house, I would probably 581 00:30:44,400 --> 00:30:47,160 Speaker 1: want to call the police. But now the police are 582 00:30:47,160 --> 00:30:49,800 Speaker 1: no longer able to remove a trespasser from my house. 583 00:30:51,040 --> 00:30:53,720 Speaker 1: If that started happening in my neighborhood and I started 584 00:30:53,720 --> 00:30:56,880 Speaker 1: hearing about this happening, you would be sure that I'm 585 00:30:56,920 --> 00:30:59,360 Speaker 1: going to move away from there as fast as possible. 586 00:31:00,040 --> 00:31:02,560 Speaker 1: I would never put my family in jeopardy of something 587 00:31:02,640 --> 00:31:09,400 Speaker 1: like that. Who would remember? People need to feel safe. 588 00:31:10,040 --> 00:31:12,880 Speaker 1: If we can't feel safe, we are not going to 589 00:31:12,960 --> 00:31:17,560 Speaker 1: live there, says the legislation of nearly a hunter pages 590 00:31:17,600 --> 00:31:20,080 Speaker 1: was drafted poorly and passed in the middle of the night, 591 00:31:20,200 --> 00:31:23,520 Speaker 1: with little to no public debate or review, and contained 592 00:31:23,640 --> 00:31:29,800 Speaker 1: various reactionary requirements inconsistent with long standing and sound jurisprudence. Now, look, 593 00:31:30,720 --> 00:31:34,480 Speaker 1: this doesn't this doesn't take a genius to figure this out, right, 594 00:31:36,600 --> 00:31:38,320 Speaker 1: That doesn't take a genius to figure it out. We 595 00:31:38,400 --> 00:31:42,880 Speaker 1: have the historical precedents. We see what happens when you 596 00:31:42,920 --> 00:31:47,200 Speaker 1: centrally plan economies. We've seen it happen in countless places 597 00:31:47,240 --> 00:31:48,840 Speaker 1: all around the world for the last hundred years. We've 598 00:31:48,840 --> 00:31:50,959 Speaker 1: seen it happened in Russia through the Bolshef Revolution. We've 599 00:31:50,960 --> 00:31:52,560 Speaker 1: seen it happened in Germany. We've seen it happened in 600 00:31:52,600 --> 00:31:55,480 Speaker 1: China through the Mouth mau is a greatly forward. We've 601 00:31:55,520 --> 00:31:57,360 Speaker 1: seen it happen in smaller nations all over the place. 602 00:31:57,360 --> 00:31:59,520 Speaker 1: We've seen it happen in the United States when the 603 00:31:59,520 --> 00:32:02,760 Speaker 1: President United States Lyndon Johnson created what he called the 604 00:32:02,800 --> 00:32:05,280 Speaker 1: Model City and tried to do their best with massive 605 00:32:05,280 --> 00:32:07,400 Speaker 1: amounts of stimulus and telling people what to do, and 606 00:32:07,440 --> 00:32:10,080 Speaker 1: they couldn't do it. And the reason why, it's because 607 00:32:10,080 --> 00:32:13,320 Speaker 1: the human drive for freedom, the human drive for ingenuity, 608 00:32:13,400 --> 00:32:16,960 Speaker 1: the human uh drive that we have in eight into 609 00:32:17,040 --> 00:32:21,280 Speaker 1: us and our own incentives and motivations that drive us 610 00:32:21,280 --> 00:32:25,040 Speaker 1: and propel us to be great. When you tell people 611 00:32:25,080 --> 00:32:27,520 Speaker 1: what to do, when you take away those incentive structors, 612 00:32:28,040 --> 00:32:31,640 Speaker 1: then you get the opposite. And again at the end 613 00:32:31,680 --> 00:32:34,480 Speaker 1: of the day, if I can't feel safe, if I 614 00:32:34,560 --> 00:32:37,400 Speaker 1: can't grow, if I can't strive to be better, to 615 00:32:37,480 --> 00:32:40,400 Speaker 1: get more, to get more prosperity for myself and my family, 616 00:32:41,360 --> 00:32:45,200 Speaker 1: and more importantly, if I can't feed myself and my family, 617 00:32:46,000 --> 00:32:49,000 Speaker 1: then I'm gonna leave. And even more importantly, if my 618 00:32:49,200 --> 00:32:52,640 Speaker 1: if I'm not safe, if there's no rule of law there, 619 00:32:53,080 --> 00:32:56,560 Speaker 1: then I'm going to leave. Which is why the people 620 00:32:56,640 --> 00:33:01,080 Speaker 1: left the Model City, which is why businesses have fled 621 00:33:01,200 --> 00:33:06,160 Speaker 1: out of San Francisco, which is why the respondents of 622 00:33:06,160 --> 00:33:08,240 Speaker 1: of this pool in San Francisco said they are planning 623 00:33:08,280 --> 00:33:12,680 Speaker 1: to leave the city within the next three years. It's 624 00:33:12,720 --> 00:33:15,560 Speaker 1: the same reason why they're going to be fleeing out 625 00:33:15,600 --> 00:33:21,280 Speaker 1: of Illinois, the same reason why I would leave now. Um, this, 626 00:33:21,480 --> 00:33:23,760 Speaker 1: this situation in California is a little close, a little 627 00:33:23,800 --> 00:33:26,719 Speaker 1: close for comfort. And I can certainly tell you that 628 00:33:26,760 --> 00:33:28,640 Speaker 1: if I am in a situation where I feel unsafe, 629 00:33:28,680 --> 00:33:33,400 Speaker 1: I will leave now. When we have so much historical 630 00:33:33,920 --> 00:33:38,760 Speaker 1: um precedent, when we can see how it worked in 631 00:33:38,800 --> 00:33:41,360 Speaker 1: the Model City, when we can see how it worked 632 00:33:41,360 --> 00:33:45,240 Speaker 1: out in San Francisco, And wouldn't common sense just tells 633 00:33:45,320 --> 00:33:47,840 Speaker 1: us how this works out. Look, come on, if you 634 00:33:48,040 --> 00:33:51,560 Speaker 1: if if you remove, if you remove the crime, and 635 00:33:51,640 --> 00:33:54,040 Speaker 1: you make it legal for people to steal less than 636 00:33:54,080 --> 00:33:56,160 Speaker 1: a thousand bucks, and you make it legal to resist 637 00:33:56,200 --> 00:33:58,000 Speaker 1: the rest, and you make it legal to do drugs 638 00:33:58,000 --> 00:33:59,800 Speaker 1: on the street, what do you think is going to happen. 639 00:34:00,640 --> 00:34:03,560 Speaker 1: People are gonna steal, people are going to resist the rest, 640 00:34:04,000 --> 00:34:05,880 Speaker 1: people are going to do drugs on the street. That's 641 00:34:05,880 --> 00:34:08,960 Speaker 1: what's going to happen. It doesn't take a genius. You 642 00:34:09,000 --> 00:34:11,399 Speaker 1: don't even need to look through history to see this. 643 00:34:12,360 --> 00:34:15,279 Speaker 1: Charlie Munger, Warm Buffet's partner says, show me the incentives. 644 00:34:15,320 --> 00:34:18,000 Speaker 1: I'll show you the outcome. If I can go into 645 00:34:18,000 --> 00:34:20,239 Speaker 1: any restaurant I want order nine with the food and 646 00:34:20,320 --> 00:34:22,480 Speaker 1: leave and that's not a crime. And I can go 647 00:34:22,520 --> 00:34:24,839 Speaker 1: into best Buy or CBS and get nine out dollars 648 00:34:24,880 --> 00:34:26,560 Speaker 1: worth of goods and leave and that's not a crime, 649 00:34:27,200 --> 00:34:29,879 Speaker 1: then people are gonna do it. And they certainly are 650 00:34:29,920 --> 00:34:32,480 Speaker 1: in Los Angeles, they're having these things they used to 651 00:34:32,480 --> 00:34:34,560 Speaker 1: be flat they're there. They're still flash mobs. But the 652 00:34:34,600 --> 00:34:37,320 Speaker 1: flash mobs used to be where like people would coordinate 653 00:34:37,360 --> 00:34:39,680 Speaker 1: on social media and randomly they'd show up, like in 654 00:34:39,719 --> 00:34:41,520 Speaker 1: a like a town square or something, and they like 655 00:34:41,560 --> 00:34:43,560 Speaker 1: all bust out, like into a dance or something like that, 656 00:34:43,600 --> 00:34:45,400 Speaker 1: and you'd see them all across social media. It was 657 00:34:45,440 --> 00:34:48,360 Speaker 1: kind of funny and kind of cute and entertaining whatever. Today, 658 00:34:48,400 --> 00:34:50,160 Speaker 1: what they're doing in Los Angeles is they're still doing 659 00:34:50,160 --> 00:34:52,840 Speaker 1: flash mobs, but what they do now is they coordinate 660 00:34:52,880 --> 00:34:54,520 Speaker 1: somehow on social media and they all show up at 661 00:34:54,560 --> 00:34:57,319 Speaker 1: a store at the same time, and instead of doing 662 00:34:57,360 --> 00:35:01,479 Speaker 1: like a cute song and dance routine, now they a loot. Yeah, 663 00:35:01,640 --> 00:35:04,120 Speaker 1: it's pretty good. Not only do they loot, they commit 664 00:35:04,200 --> 00:35:08,400 Speaker 1: acts of violence to anybody who's caught in their way. Now, 665 00:35:08,520 --> 00:35:10,200 Speaker 1: let's say that my daughter wanted to go out and 666 00:35:10,200 --> 00:35:12,040 Speaker 1: get some ice cream. So we leave at nine o'clock 667 00:35:12,080 --> 00:35:14,040 Speaker 1: at night, we run down to the seven eleven where 668 00:35:14,040 --> 00:35:16,200 Speaker 1: they've been doing these types of things, and we run 669 00:35:16,200 --> 00:35:17,960 Speaker 1: in there to buy ice cream, and next thing you know, 670 00:35:18,040 --> 00:35:19,800 Speaker 1: fifty people show up to start looting and tearing the 671 00:35:19,960 --> 00:35:21,799 Speaker 1: store down, and I'm caught in the crossfire of that. 672 00:35:22,800 --> 00:35:25,239 Speaker 1: I'm certainly not gonna want that. I'm certainly not gonna 673 00:35:25,280 --> 00:35:26,600 Speaker 1: want my daughter to be in that situation. I'm not 674 00:35:26,640 --> 00:35:27,960 Speaker 1: gonna want to be in the situation. I'm not gonna 675 00:35:27,960 --> 00:35:30,440 Speaker 1: want my daughter in the situation, and I would never 676 00:35:32,040 --> 00:35:36,279 Speaker 1: ever put my family in that type of situation. So 677 00:35:36,360 --> 00:35:38,600 Speaker 1: if those types of things are happening around me and 678 00:35:38,280 --> 00:35:40,279 Speaker 1: the police are doing nothing about it to stop him, 679 00:35:40,480 --> 00:35:42,680 Speaker 1: then I'm going to leave, as everybody else is. So 680 00:35:42,680 --> 00:35:46,560 Speaker 1: I'll ask you the question. It seems so obvious. We 681 00:35:46,640 --> 00:35:49,640 Speaker 1: have historical precedents for it. We know the incentives equal 682 00:35:49,640 --> 00:35:55,080 Speaker 1: the outcomes. Is this being done on purpose or is 683 00:35:55,120 --> 00:35:58,759 Speaker 1: it being done on an ignorance? You can you can 684 00:35:58,760 --> 00:36:00,480 Speaker 1: tell me. I'd love to hear from you. I'd love 685 00:36:00,480 --> 00:36:01,960 Speaker 1: it if you hit me up on social media. You 686 00:36:01,960 --> 00:36:03,760 Speaker 1: can find me on any of the social media platforms 687 00:36:03,800 --> 00:36:06,120 Speaker 1: at one Mark Boss, or you can go to my 688 00:36:06,120 --> 00:36:08,480 Speaker 1: website at one Mark Moss dot com and you'll find 689 00:36:08,520 --> 00:36:10,200 Speaker 1: all my stuff linked there. Hit me up on me 690 00:36:10,400 --> 00:36:13,640 Speaker 1: let me know. Are they doing it at ignorance? Are 691 00:36:13,640 --> 00:36:16,960 Speaker 1: they doing it on purpose? And if they're doing it 692 00:36:17,000 --> 00:36:21,240 Speaker 1: on purpose, what is the purpose? What's the purpose? Now 693 00:36:21,520 --> 00:36:23,319 Speaker 1: I'm talking about the way the world is moving from 694 00:36:23,360 --> 00:36:27,239 Speaker 1: centralization to decentralization. This is one of the many catalysts 695 00:36:27,320 --> 00:36:29,719 Speaker 1: for this. I believe this trend will only continue to 696 00:36:29,719 --> 00:36:31,960 Speaker 1: play out. Of course, it's also being led by technology. 697 00:36:32,160 --> 00:36:33,839 Speaker 1: It's not just that people are leaving the cities because 698 00:36:33,880 --> 00:36:36,120 Speaker 1: they're unsafe. It's also because now I can do my 699 00:36:36,200 --> 00:36:38,520 Speaker 1: job from anywhere. And if I can do my job 700 00:36:38,600 --> 00:36:40,279 Speaker 1: from anywhere, why would I live in the city when 701 00:36:40,320 --> 00:36:41,880 Speaker 1: I can just go live in the woods, out on 702 00:36:41,960 --> 00:36:45,080 Speaker 1: the mountains somewhere beautiful, And of course I would. So 703 00:36:45,160 --> 00:36:48,399 Speaker 1: technology is always the driver of this as well. Um, 704 00:36:48,400 --> 00:36:50,400 Speaker 1: but these laws that are being put into place by 705 00:36:50,440 --> 00:36:55,680 Speaker 1: a dying centralized nation state are only going to lead 706 00:36:55,719 --> 00:36:59,800 Speaker 1: to this catalyst even further. Anyway, you're listening to the 707 00:36:59,800 --> 00:37:02,839 Speaker 1: Mark Show talking about the decentralized revolution, talking about how 708 00:37:02,880 --> 00:37:06,200 Speaker 1: it's evolving, how it's developing, play by play by play. 709 00:37:06,320 --> 00:37:08,120 Speaker 1: That's what I got through today. Hopefully you enjoyed it. 710 00:37:08,120 --> 00:37:09,839 Speaker 1: Like I said, hit me up on social media at 711 00:37:09,880 --> 00:37:12,400 Speaker 1: one Mark Moss let me know. I'd love to hear 712 00:37:12,400 --> 00:37:13,680 Speaker 1: from you. And that's what I got here today. Thanks 713 00:37:13,680 --> 00:37:14,080 Speaker 1: for listening.