WEBVTT

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The radical fundamental principles of freedom,
rational, self interest and individual wise.

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This is the Yuran Brook show.
Oh right, everybody, welcome you on

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book Shows show. Thanks for joining
me. I know Lanes follows hopefully with

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you and you will enjoy just trying
to create as much content as I have

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as I can before I leave.
I'm going I'm gonna be away for almost

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four weeks starting tomorrow, so we
will do a morning show, but other

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than that, I'll be gone for
three and a half almost four weeks.

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I'll try to do as many shows
as I can from the road. But

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as you know, if you follow
the book show, you know that it's

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it's a challenge. Technology is a
challenge, and then of course my time

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is a challenge, and the time
zone difference is a challenge. So shows

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in the next three and a half
weeks are going to be all over the

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place in terms of time zones,
because I'm going to be seven hours ahead

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of East Coast time starting on Wednesday, and then much of the rest of

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the trip, all of the rest
of the cheap six hours ahead of East

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Coast time. So not going to
be easy to find a good time to

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deliver these shows. But I will
try, and we will do what we

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can, and we will keep having
fun with your book shows. All right,

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So today I want to talk about
China. I'm reading I think,

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I think you guys know. I
read this book called Chip Wars, which

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I really liked and I highly recommended. I did a whole show on the

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whole issue of Chip Wars, which
really focus on on chips and the history

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of micro processes and then relating add
to the conflict between the United States and

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China and their long term prospects for
that of course, the use of chips

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and weapons systems and the real risk
of China having access really because of the

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West, because they buy them for
the West are the most advanced chip technology

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that then they just plug into their
smart bombs and missiles and airplanes and everything

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else, and weib making we're basically
facilitating their super advanced weaponry. Well,

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I'm just about to finish. I'm
close to finishing another book called Wireless Wars.

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So this one is not about chip
war. It's not about micro chips,

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but it's about it's about wireless technology. And while it's true that neither

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the chip war nor the wireless war
is really a war, A big chunk

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of it is related to national security. A big chunk of the competition conflict

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and ultimately the decision making about how
governments will respond is a national security issue.

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And I think that's the partisue this
is not just an issue of straight

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trade. This is not a made
up national security issue like steal or other

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things. Uh. This is potentially, at least potentially a national security issue.

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And I talked about why it was
a national security issue when it came

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to chipwool uh and and let me
try to articulate why it's a national security

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issue when it comes to wireless,
um, when it comes to five G

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communication. But at the end of
the day, what I really want to

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talk about is what do you do
about all this? I mean, what

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do you do? I mean?
One, of course, one answer to

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that is we need industrial policy,
we need a chip back, we need

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the government to invest in in technology, we need to government to invest in

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wireless companies, we need to we
need we need to bring back and build

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in America. And of course I
think that's a nonsense. UM. So

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we'll talk about what I think should
be done about China, about the legitimate

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national security threat that is China.
So put aside, put aside UH economics

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just just for national security, a
real objective national security threat, how do

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we deal with China? So first, let's let's just set the table in

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terms of wireless communication. Wireless communication
now UH is ubiquitous. It's everywhere.

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It connects um it connects everything.
It doesn't just particularly with five G.

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It doesn't just connect our phones.
It doesn't just connect the Internet for us

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to browse through Google. But it
connects us to all things. It connects

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me to my my, my air
conditioning units to set to set the temperature,

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it's connected, Census are connected throughout. We basically live in a world

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that is connected through kind of five
G wireless that from from U product if

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from you know, a product,
the product sense of the sense of phone

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to phone, UH and and and
and through the air to you know,

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in an expanse of ever expanding universe
of smart things that are all connected wirelessly

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and and this is great, it's
fantastic in five G made all possible,

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and it's only going to get better, and it's only going to get more

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and they're only going to be more
things is connected. One of the challenges,

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of course, with with a network
like that way, everything's wireless and

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everything is connected. Is that means
that a lot of things that that have

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national security implications, whips would happened. There are also connected, um so

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there are missile sites, there are
there are a variety of different different military

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installations all over the United States that
use wireless technologies and they are on the

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network. They're connected to everybody else
and everything else that is on the network,

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and if somebody can break into on
any given one point, they potentially

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could have access to real national security
problems. Now it's not that easy,

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of course, to break in,
and it's not that easy to have get

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access to telecommunication terminals and switches and
places where you can hack and access information

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that has national security implications. But
it would be a lot easier for you

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to access that information if the people
who built the equipment, the people who

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are actually built and installed equipment all
around you actually worked potentially for a government

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that wanted to hack. And this
is actually what has happened in telecommunication.

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The number one leading company in the
world today in five G communication for a

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variety of reasons, we can get
into the number one leading telecommunication company in

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the world that builds five G telecommunication
equipment. Is Huawei. It is a

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Chinese company. It is a Chinese
company, where there are lots of reasons

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to believe, lots of reasons to
believe it's a Chinese company with strong ties

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and links to the Chinese government.
There's also evidence to suggest that Huawei,

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when it installs telecommunication equipment all over
the world, and it does all over

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the world, provides back to access
to those that telecommunication equipment to the Chinese

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government, and Waiwei today is banned. American companies are banned from from doing

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business with Huawei, and there are
various restrictions in Huawei installing telecommunication equipment in

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the United States and in much of
Western Europe because it was discovered and because

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you know, it was found out
that they were doing exactly that they were

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using this equipment in order to provide
back channels to Chinese agents, and in

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that sense, they were facilitating spying
directly on Americans, not through some app

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we download that we know the Chinese
own, like TikTok and maybe they get

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some information about the cat videos that
I watch. No, this is telecommunication

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equipment, this is the switches,
this is the this is the backbone of

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the telecommunication infrastructure in the United States
through which a lot of sensitive, top

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secret information travels. Now, Chinese
could just wait until twenty one year olds

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publish a lot of the secret information
online as they downloaded from from from secure

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service. But what the Chinese would
really like is direct access to all that

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information throughout telecommunication network. And it
turns out that way Wei was providing them

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exactly that. The various examples of
situations, for example, the why we

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provided the African Union with all their
telecommunication equipment in their headquarters in I think

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it was like a baba in Ethiopia, And it turned out that at five

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pm every day they would download to
a server in Beijing every piece of communication

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that it traveled through their equipment during
the day. Now, they probably couldn't

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do something that explicit with the US. But from what I understand from Wireless

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Was, and I'm going to read
more about this because I want to be

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sure that this is true. For
one end, Standford wire was it's very

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very difficult to figure out if a
piece of equipment, if a piece of

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telecommunication equipment has a backdoor, if
a piece of telecommunication equipment can be easily

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accessed and can be easily hacked.
That is that there very few people in

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the world who have the capacity and
capabilities are being able to actually guarantee that

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a piece of equipment. And of
course even if you buy one panel or

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one box and it's free of any
bugs and free of any back those,

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do you know that every box that
you buy, you know. One of

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the reasons that Whyway was trying to
in the mid twenty teens trying to sell

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Spent on its telecommunication equipment, which
at the time was the best in the

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world and the cheapest in the world, and Spent turned them down to a

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logic tent because they couldn't guarantee the
network security. They couldn't guarantee that these

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boxes that they were going to buy, this eipment they were going to buy

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from Haiwei was not going to be
used by the Chinese to spy on Americans.

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So there is there is good reason
to ban a company that you suspect

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and you have evidence of. So
it's not an arbitrary suspicion. It's not

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just because they're Chinese, but you
have actual concrete reasons to believe is providing

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information and providing access to telecommunication networks
around the world to the Chinese governments and

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the US the DAD under Trump,
they banned Huawei and then they convinced many

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of the US allies in Western Europe
to do the same within networks. Remember

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Whaiwei has the best five G equipment
in the world and the cheapest five G

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equipment in the world. And to
a large extent, that is a consequence

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of American company is getting lazy,
American companies not in investing, American companies

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making bad decisions, Western companies more
broadly, but American companies included. It

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is also a consequence of UH such
a consequence of bad management, bad investment

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um and and that's that is going
to happen. It's it's a very similar

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story to what happened in the microchipped
environment to Intel. Where is lucned.

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I don't know if you guys remember
Lucin, but Lucent was Ball Labs.

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Beall Labs was one of the most
innovative private laboratory systems in the world.

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They were brilliant and at some point
when ATT was broken up, Bell Labs

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were spun off as loocned. Uh
Loocinned then built and designed the world's leading

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telecommunication equipment for many, many years
and ultimately loosened, uh faded, it

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became non competitive. It's uh,
it became it. Management made bad decisions

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and and Lucent got sold I think
to the French company Alcatel, and today

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really on the West, the companies
that make telecommunication equipment Eriksson and Nokia basically

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and I think Alcatel. But that's
it. But Lucent is gone. A

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great tragedy, I believe, given
how valuable Bill absod. But that's what

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happens in competitive businesses and which you
sold. During the two thousands is the

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rise of Chinese companies, primarily Huawei, to dominate the telecommunication equipment space to

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the point where Western companies just couldn't
compete. Now, part of that was

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quality, part of that was government
subsidies, but whatever, they couldn't compete.

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Now, the problem here is the
national security threat that this opposes the

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fact that these networks, if you
buy them from Huawei again provide access to

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Chinese government. So the question is
what do you do? What do you

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do? How do you deal with
this? How do you deal on the

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one hand, how do you deal
with China with Chinese companies? And another

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hand, how do you spur the
United States to be able to compete with

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China. Now why Way is a
very innovative company, as have been Ali

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Baba and we Chat and other Chinese
companies. Not I think we have less

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the fear from China in terms of
innovation because of in terms of fast innovation

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and dramatic big leaps in innovation,
because the more authority in China becomes,

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the less innovative it will become.
But the challenge we face is that the

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West has become non innovative, particularly
in telecommunications, and as a consequence,

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just to satis Quo makes the Chinese
way ahead, puts the Chinese way ahead

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of that. Now, telecommunications have
a huge implications war. Telecommunications are used

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in war, of course to communicate, it's used for intelligence gathering. The

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fact that China has a better five
G than the United States suggests that in

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a war, China can communicate with
its own people, with its own forces,

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within its own military, far more
effectively than the United States can.

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And of course to the extent that
they can hack into our networks and we

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can't hack into theirs, they have
an enormous intelligence advantage over the United States.

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So again all all reasons why we
should care. But what do we

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do? I mean, the instinctual
response of Democrats and many Republicans is to

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say, well, we need a
mimic what China has done. What we

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need to do is subsidize our businesses. What we need to do is allow

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have some a few five year plans
in the telecommunication space, in the chip

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space. I mean, this is
the logic behind the Chips Act. The

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Chips Actual was passed by Congress bipartisan, with a lot of Republicans voting for

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it, which set aside fifty billion
dollars to subsidize chip manufacturing. It's the

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logic behind bidens. What is it
something Inflation Act which provides massive subsidies for

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I don't know, battery technology and
other technologies and and EV and all this

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other stuff which is not national security
related, but even on the National Security

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Fund? What should be done?
What should be done with things like telecommunication?

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What should be done with things like
chips that have clear national securities issues?

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And here I think we have to
understand why it is that America,

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what makes this country special? Why
is it that the United State States has

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historically had such a massive lead over
the rest of the world, in particularly

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authoritarian states like China, when it
comes to technology innovation, and indeed,

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even in the last twenty years,
almost all the innovations, both in biotech

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but in technology have come to the
United States a significant number. Way this

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proportion and even to the sizes of
American GDP. Indeed, America has been

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and the question is cann continue the
land of innovation. China has been good

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at copying, It's been good at
making these better. It's had some innovators,

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particularly during the period where it left
it's tech companies alone free, which

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happened arguably from the mid nineties into
about the early twenty teens into Cheese presidency,

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but no longer exists. How does
the American compete with China throwing tens

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hundreds of billions of dollars on technologies? How do we keep up? How

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do we how do we get sixty
How do we get the United States to

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developed much better technology? How do
we get the United States to become the

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leader in the world in sixty seven
G A G. I don't know,

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technologies way ahead of the Chinese.
How do we get the United States to

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be in a position to design,
manufacture, and create the best chips in

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the world, semiconductors in the world. By the way, semi conductor dosn't

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need it for five G telecommunications,
you can And is that do we get

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that from the from the from chips, bills, chips acts, UM and

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UH and other type of other type
of government intervention, government peakings, winners

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and losers. And the answer is, of course no. And I like

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Wireless Wars. It's not as good
as the book as Chip War, partially

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just because it's not as well written. The stories that it tells are not

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quite as stimulating and interesting, and
it skips over a lot of stuff,

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and it's just not as good as
good a book. But it has a

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conclusion section which is quite good.
I've just gotten to it now and basically

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the author comes to the same conclusion
I came to. And that is What

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American needs to do is liberate it's
innovators. What American needs to do is

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tap in to its entrepreneurial, innovative
culture. What American needs to do is

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be America. Our private companies could
beat Chinese state run companies any day.

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Our private companies can beat Chinese private
companies guided by the state and subsidized by

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the state any day. What we
need today is to get is the government

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the regulators, and in telecom there
are lots of regulators. To get out

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of the way. Hey, what
we need is to return to what economists

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have called, or commentators are called
a permissionless society, a permissionless innovation.

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We need to encourage entrepreneurs to go
out and break the rules and do new

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stuff. One thing the US could
do is sell its entire wireless spectrum to

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private companies. Just get rid of
the entire wireless spectrum all at once.

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Let private companies figure it out,
let them do whatever the hell they want

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to do with it. Don't sell
Okay, this section is for TV,

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and this section is for wireless,
and this section is for that and that

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section. No sell it all and
let the private market figure out how to

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use the wireless spectrum. Get rid
of government mandates to dictate standards and standardization.

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Get rid of you know, government
dictates that you have to use something

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that the industry is standardized. Encourage
entrepreneurs to think outside of the standards.

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Encourage entrepreneurs to do the new,
something completely new, to really think outside

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of the box. And I'd say, don't provide funding. Don't give subsidies.

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Subsidies and funding stifle in industry,
the regiment in industry. The industry

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then plays to the government. Regulators
plays to the government people who approve the

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grants, and you can guarantee that
if the government is involved, the grants

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will be given to the companies that
are boring, that are doing the same

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old thing, and the revolutionaries,
the crazies, the people who you know.

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The cell phone was invented very early
on, and it was everybody thought

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it was crazy. It was a
crazy idea. It was invented in nineteen

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seventies. I think the first trial
of it at AT and T was done

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in nineteen seventies and people thought it
was crazy Indian who would want to do

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that? And it wasn't until the
nineteen eighties until somebody established a network.

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I think mcgrass cellulo is the first
one, but to others and into the

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nineties when it really became effective that
anybody believed in it and invested the kind

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of capital necessary. Let the markets
work it out, Let the markets figure

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out what the best technology is.
God forbid government. You know the sides

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between VHS and beta, that's the
old guys among you who remember what VHS

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and BEATA is. I mean,
I don't know if you know, but

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the European Union is not dictated that
all cables for all electronic devices have to

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have This is the standard USBC.
If something better than this comes around,

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tough because the government has decided what
the optimal standards. And Apple actually has

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to change from this connector to this
connect the next year because otherwise it can't

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sell products in Europe. So what
we need is to liberate the entrepreneur What

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we need is to get rid of
regimented standards. What we need is to

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get rid of the rules and the
regulations and the constraints on innovation, on

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entrepreneurial creation, on ingenuity we need. We need ingenuity. We need people

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to take ideas and turn them into
products, and take wacky ideas and try

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to turn them into wacky products.
And we need to liberate liberated venture capital

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community and that that is investing in
these kind of things. And my guess

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is that within ten years the taller
communication industry would look completely different than it

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looks today, and we'd be dominated
by American companies, companies that doing things

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that we couldn't even imagine today.
We need innovation, and we know how

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to get innovation lead people alone.
But there's one other aspect to this.

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There's one other aspect to this.
Do you know why one of the reasons

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Huawei has such a big lead in
five G telecommunications, it's because five G

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the original I guess you know,
algorithms or idea around five G was was

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first invented or created by a graduate
students in a graduate student in the United

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States. I think he was Chinese, maybe not, maybe it was European,

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I can't remember. Anyway, he
was a feign graduate student in the

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US university and he developed the first
idea around five g's the first solution for

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five G tailers communication. Yet he
couldn't get hired in the United States because

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he couldn't get a visa. Ultimately, he landed up working for Huawei and

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they got access to this technology before
anybody else. So one of the things

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you know that half of the I
think the fortune five hundred companies in the

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US right now were founded by immigrants
or son's old daughters, children of immigrants.

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What the United States needs to do
is to liberate the innovators, to

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free up the entrepreneurial spirits to eliminate
regulation, to create a permissionless environment,

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and at the same time bring to
this country the visionaries, bring to this

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country the entrepreneurs. And it sounds
like you have to pay them to come.

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All you have to do is say
come, here's the US, or

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stay if you're in school here,
and they will want to stay wide because

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they'll get to participate in this exciting
innovative push. What we need is to

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completely restructure our immigration policy. I
mean it's it's to his credit a Biden

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looks like he's gonna increase immigration significantly
to the United States. But most of

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the immigrants Biden is inviting into the
United States or allowing to stay in the

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United States are refugees, immigrants that
are coming here under some kind of asylum

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laws. Get rid of that.
We don't need asylum seekers. What we

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need a people who work. Change
the immigration law to a brook based system.

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If you can get a job,
then you get a visa. If

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somebody offers your job, you get
a visa. Again. I don't care,

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and we shouldn't say in telecommunication because
we don't know what the next greed

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innovation. The change is telecommunication is
going to come from. We want the

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best and the brightest in this country. We'll get the best and the brightest

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by making it easy for them to
come here. You have capital. Somebody's

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willing to invest in your idea.
Here's a visa. You got a grand

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your degree in a STEM in the
United States, here's a visa. Actually

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for what it's what. You got
a STEM degree anywhere in the world.

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Here's a visa. Please come to
the United States and start your businesses.

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Yet, please come to the United
States. We won't tell you what business

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is. To start, start your
business, raise the capital, find the

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team, and put it together.
If America returns to its entrepreneurial essence,

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if America returns to the idea of
freedom and free markets. For America returns

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the idea of a permissionless innovation,
permissionless business, i e. With no

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regulations and constraints and limitations. There
was no limit to what we can do.

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We beat the Chinese hands down,
We create more wealth, we grow

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the economy faster, and national security
becomes a non issue. We have the

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best chips in the world, we
have the best telecommunication companies in the world,

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and the Chinese become irrelevant. Now
in the same time, we should

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bar equipment that is used for chief
for spine. We should bar giving them

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chips that they use in military technologies. We should be absolutely, unequivocally self

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interested in place America first in a
meaningful way, not in the kind of

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slow gneering, nonsensical way that Donald
Trump used it, but to indicate that

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we will pursue America's interest and America's
interest from a national security perspective, not

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from a mystical collectivist perspective. And
from a national security perspective, we should

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00:29:18.599 --> 00:29:23.039
not be selling weapons to our enemies
Sardi Arabia comes to mind, but certainly

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00:29:23.079 --> 00:29:29.359
not advanced chips that can use the
those weapons to China. And we should

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00:29:29.359 --> 00:29:34.720
not be allowing equipment can be used
to spy on us to be installed in

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our own country. So, you
know, let's continue trading with China,

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00:29:45.319 --> 00:29:49.920
Let's continue to get their subsidized goods, Let's continue to watch videos from TikTok,

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Let's continue to buy Oh you know, I think, well, ultimately,

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if, if, if the gods
in Washington allow, if we ever

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00:29:59.240 --> 00:30:06.079
do have a electric vehicle revolution,
we will be driving Chinese cause all good,

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because none of that has national security
implications. When it comes to national

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security, Let's cut them off.
Let's draw a clear right line of what

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is allowed and what is not allowed. And then, much more importantly,

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let's fuel innovation on entrepreneurship in the
United States. On the military front,

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America is and must be a naval
superpower. It is a country with a

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long coast, both on the east
and on the west. It is a

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country dedicated to economic growth, economic
prosperity, and therefore to free trade.

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It is a country, therefore that
should commit it its military to protecting the

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sea lanes of the world. We
should rebuild our navy, and we should

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make it the best in the world, not by a little bit, but

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by so much that no other country
would even dare to compete with us.

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We should frogily, and I think
we can the Chinese in terms of innovation

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00:31:11.079 --> 00:31:15.839
and in terms of the kind of
navy that we can build, and we

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00:31:15.839 --> 00:31:23.200
should command disease. We have no
real need for a massive land army.

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00:31:25.319 --> 00:31:29.279
There is no imminent war in the
United States. Nobody's invading the United States

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00:31:29.319 --> 00:31:34.279
with tanks. There is no need
for US to send our troops to Europe.

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00:31:34.359 --> 00:31:40.599
The Europeans are rich enough to be
able to field a ground military by

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00:31:40.599 --> 00:31:45.200
themselves to deal with whatever threat they
faced. The primary threat I think is

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00:31:45.319 --> 00:31:51.480
Russia, but that is also true
of the Middle East. I don't see

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00:31:52.079 --> 00:31:56.599
circumstances in which the United States will
once to engage in a land war in

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00:31:56.640 --> 00:32:00.400
Asia. Taiwan is too small to
engage a big tank battles on Taiwan.

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00:32:00.839 --> 00:32:06.319
Taiwan will ultimately be determined in the
sea, well ultimately determined in the ocean,

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00:32:06.559 --> 00:32:10.359
will ultimately determined in the straits of
Taiwan. It will not primarily be

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00:32:10.680 --> 00:32:15.240
a ground ward not a ground ward
that the United States participates in. Taiwan

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00:32:15.400 --> 00:32:21.640
should invest in ground troops for their
own self defense. But the United States

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00:32:21.960 --> 00:32:25.839
should dominate the oceans. The United
States should dominate the sea lanes. The

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00:32:25.920 --> 00:32:32.880
United States should dominate the trade routes. Doesn't require using that force. That's

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00:32:32.920 --> 00:32:37.799
the beauty of having a navy.
Nobody else can compete with. Put it

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00:32:37.839 --> 00:32:45.039
out there, nobody's going to challenge
you. And what you do is secure

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00:32:45.039 --> 00:32:54.119
American prosperity, not only by internally
allowing innovation, allowing technology, allowing ingenuity,

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00:32:54.200 --> 00:32:58.279
but then securing the ability of Americans
to trade with the rest of the

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00:32:58.319 --> 00:33:04.079
world, to buy goods from other
countries and to have other countries buy goods

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from the US. And even when
it comes to telecommunication infrastructure chips, it's

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not necessary to build the chips in
the US. It's not necessary to have

355
00:33:14.000 --> 00:33:19.119
a fab in the US. You
can have the fab in Taiwan and South

356
00:33:19.200 --> 00:33:22.279
Korea as long as you have a
navy that protects the ability to get the

357
00:33:22.359 --> 00:33:27.359
chips to the US. Maybe have
a fab in Europe, Maybe have a

358
00:33:27.400 --> 00:33:37.880
fab in Mexico wherever it's economic to
build those wherever it's economic, which means

359
00:33:37.880 --> 00:33:45.079
wherever they are skilled engineers and the
ability to build such manufacturing plants and then

360
00:33:45.119 --> 00:33:50.920
to produce the stuff. Do it
anywhere in the world that we as Americans

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00:33:50.920 --> 00:33:53.400
can secure passage to US. We
don't have to do here. We don't

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00:33:53.440 --> 00:34:00.240
have to have manufacturing plants in the
United States. When it's sense sea of

363
00:34:00.359 --> 00:34:04.440
national security. Make sure that the
manufacturing plants and countries that are friendly.

364
00:34:05.440 --> 00:34:10.000
Make sure that it manufacturing plants and
countries the we can defend. And maybe

365
00:34:10.039 --> 00:34:15.079
a certain amount of supply. Like
some of the very sophisticated chips in the

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00:34:15.079 --> 00:34:19.000
world, maybe some of those should
be produced in the United States for used

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00:34:19.039 --> 00:34:25.000
in the military just in case Taiwan
gets wiped out. Now we still have

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00:34:25.320 --> 00:34:29.920
today, by far the best navy
in the world. Nobody comes close,

369
00:34:30.360 --> 00:34:36.679
but the Chinese a gaining ground and
the United States has not invested as much

370
00:34:36.679 --> 00:34:42.880
as it could, as much as
it should in preserving it's military. It's

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00:34:42.960 --> 00:34:47.719
it's lead in navy technology. Troy, thank you. Troy just came in

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00:34:49.119 --> 00:34:53.039
with five hundred Australian dollars. Thank
you. You've got us much much closer

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to our goals. So we're now
only two hundred dollars away from our six

374
00:34:58.079 --> 00:35:01.119
and fifty goal for today and hopefully
we can make it. And trying to

375
00:35:01.119 --> 00:35:06.519
make up for all the shows I
didn't do in earlier in the month,

376
00:35:06.880 --> 00:35:08.119
trying to make up by doing a
lot of shows now. But that also

377
00:35:08.159 --> 00:35:13.960
creates kind of a lot of pressure
financially and raising the money quickly, and

378
00:35:14.280 --> 00:35:20.119
I know that puts strain on some
of you guys, So thank you Troy

379
00:35:20.159 --> 00:35:23.880
for making it easier easier. By
the way, Australia is a key player

380
00:35:24.360 --> 00:35:31.320
when it comes to China because Australia
obviously feels threatened by China. Australia is

381
00:35:31.360 --> 00:35:37.719
within reach of China Australia is an
island. Again, for Australia, it

382
00:35:37.840 --> 00:35:46.119
is essential and necessary to have a
navy. It's why Australia joint forces with

383
00:35:46.239 --> 00:35:51.960
you, with the United Kingdom and
the United States to form an alliance around

384
00:35:52.000 --> 00:35:55.880
submarines and around naval capacity. I
mean, in my view, the United

385
00:35:55.880 --> 00:36:00.320
States should lead an effort to combine
the force of the United States, South

386
00:36:00.440 --> 00:36:08.920
Korea, Japan, and Australia,
maybe New Zealand in a naval alliance,

387
00:36:09.599 --> 00:36:15.760
and combine the forces of those countries
to defend free trade and to defend all

388
00:36:15.800 --> 00:36:22.559
of those specific countries an alliance from
any kind of Chinese or North Korean aggression.

389
00:36:22.079 --> 00:36:25.000
I think that would be a game
changer. I think it would be

390
00:36:25.000 --> 00:36:30.760
a game change in the Pacific Ocean. And with combined resource, Japan probably

391
00:36:30.800 --> 00:36:37.039
has the second or third best navy
in the world. And again, Japan

392
00:36:37.440 --> 00:36:44.559
has also committed to doubling their defense
spending over the next five years. So

393
00:36:44.719 --> 00:36:50.119
Japan is going to be a significant
force in the Pacific. We want to

394
00:36:50.119 --> 00:36:52.840
make sure they're on outside. We
want to make sure we have an alliance.

395
00:36:53.280 --> 00:36:57.440
The Philippines could be part of it, although Philippine governments in the past,

396
00:36:57.519 --> 00:37:00.280
I mean so wacky and crazy that
it's harder alliance on the Philippines.

397
00:37:00.360 --> 00:37:06.119
But we do have now four new
bases in the Philippines for the US Navy,

398
00:37:06.239 --> 00:37:08.360
So the Philippines could certainly be a
part of this. And ultimately you

399
00:37:08.440 --> 00:37:15.199
could imagine Indonesia and Malaysia joining in, and oh, I forgot Taiwan.

400
00:37:15.199 --> 00:37:17.360
Taiwan would be a key to this. Right, So you have South Korea,

401
00:37:17.679 --> 00:37:24.159
Japan, Taiwan, Philippines, Malaysia, Indonesia, Australia, New Zealand.

402
00:37:24.320 --> 00:37:30.760
You basically have China surrounded without firing
a bullet. The Chinese threat goes

403
00:37:30.800 --> 00:37:38.960
to zero. But it's all doable. That is all doable, building the

404
00:37:39.039 --> 00:37:44.679
navy, creating that alliance, encouraging
our alliance to build their own navies and

405
00:37:44.719 --> 00:37:50.960
their own military forces, making sure
we have the anti ship laser technology to

406
00:37:51.000 --> 00:37:55.239
shoot down their missiles, the Chinese
missiles that are targeting our ships. There's

407
00:37:55.239 --> 00:37:58.840
a bunch of stuff that can be
done. We've talked about much of it

408
00:38:00.159 --> 00:38:01.599
on the show, but there's a
bunch of stuff that can be done,

409
00:38:01.599 --> 00:38:07.119
should be done, and China stops
being a threat because they can't compete with

410
00:38:07.199 --> 00:38:10.679
us. The reality is China is
a relatively on a pickapita GDP basis,

411
00:38:10.679 --> 00:38:16.559
a relatively poor country, and the
more resource that allocates the military, the

412
00:38:16.599 --> 00:38:22.039
more resources that it has to take
from its own citizens, the poorer its

413
00:38:22.079 --> 00:38:30.039
own citizens becomes become. The reality
is that a free America, that a

414
00:38:30.719 --> 00:38:37.840
deregulated America, an innovative America,
an entrepreneurial America, cannot be matched by

415
00:38:37.840 --> 00:38:44.000
any country in the world. And
it's not that difficult to do. Even

416
00:38:44.079 --> 00:38:46.920
if you only want to restrict the
permission of society, just the technology,

417
00:38:47.039 --> 00:38:52.159
just the crucial technologies for national defense. I mean, this would also create

418
00:38:52.199 --> 00:38:57.440
and you could also use this to
create real competition within defense contractors. Today,

419
00:38:57.760 --> 00:39:02.599
the three four or five defense contractors
dominate everything. Well, let's move

420
00:39:02.639 --> 00:39:08.599
that around. Let's make the US
Navy, YOMY, Air Force far more

421
00:39:08.639 --> 00:39:16.519
technologically savvy and therefore far more interested
in high quality technology for which you don't

422
00:39:16.599 --> 00:39:22.679
need to have massive, big companies
building stuff for you, and you can

423
00:39:22.719 --> 00:39:30.920
have smaller entrepreneurial companies. So again, the solution to China is more freedom

424
00:39:30.920 --> 00:39:39.119
for America. The solution to China
is American strength, is American capacity to

425
00:39:39.199 --> 00:39:46.039
defend itself. Unequivocally an American innovation. An American innovation comes from American liberty,

426
00:39:46.039 --> 00:39:51.000
American freedom, American government getting out
of the way, American government leaving

427
00:39:51.159 --> 00:39:55.960
entrepreneurs free of regulations and controls and
subsidies and preferences, and central planning.

428
00:39:59.360 --> 00:40:04.159
To make great products, to build
great products, and then to trade with

429
00:40:04.199 --> 00:40:07.079
the world, keep the sea lanes
open. Massive free trade should be our

430
00:40:07.079 --> 00:40:12.280
mission. We should lower tariffs to
zero, and then we should allow American

431
00:40:12.400 --> 00:40:15.639
entrepreneurs to compete with the world.
And if American entrepreneurs are allowed to compete

432
00:40:15.639 --> 00:40:22.039
with the world without restrictions, without
subsidies, without governing interference one way or

433
00:40:22.039 --> 00:40:31.039
the other, American wins. China
becomes irrelevant. All right, That is

434
00:40:31.079 --> 00:40:36.079
my answer or what to do about
China. Hopefully, hopefully that was a

435
00:40:36.199 --> 00:40:38.920
value. All right, Um,
we have a lot of we have a

436
00:40:38.920 --> 00:40:45.480
few super check questions. I would
really like to be able to to get

437
00:40:45.559 --> 00:40:47.280
us to the target today. It's
it's I think pretty important before I leave

438
00:40:47.760 --> 00:40:52.400
that we kind of do well,
do well financially and put the show on

439
00:40:52.480 --> 00:40:54.559
good financial terms. So we are
one hundred and sixty nine dollars short.

440
00:40:55.360 --> 00:40:59.480
Please do twenty dollars questions. We've
got a lot of ten dollars questions here,

441
00:40:59.480 --> 00:41:01.960
with one option from Michael, twenty
dollars we did get. Troy came

442
00:41:02.000 --> 00:41:06.480
in with five hundred Stralian dollars,
and let's see, Mike came in with

443
00:41:06.480 --> 00:41:10.800
fifty American dollars, and together they've
really pushed us. Steven Stephen contributed and

444
00:41:12.639 --> 00:41:15.679
others have contributed. So please,
if everybody wants you right now, does

445
00:41:15.679 --> 00:41:21.519
five dollars? Well, no,
two dollars. We're done. And if

446
00:41:21.559 --> 00:41:23.519
a few of you ask twenty dollars
questions and a few of you do some

447
00:41:23.519 --> 00:41:28.440
stickers for ten, twenty fifty,
one hundred dollars, will be over the

448
00:41:28.480 --> 00:41:31.639
six hundred and fifty mark very very
quickly. All right, So let's let's

449
00:41:31.679 --> 00:41:37.400
move on to the super chat question. Let me start with questions about China,

450
00:41:37.679 --> 00:41:44.800
and Liam liam says, I don't
think China is a threat to anyone.

451
00:41:45.360 --> 00:41:47.880
It will have a bumpy road to
shake off it's authoritarianism, but China

452
00:41:47.920 --> 00:41:52.280
will ultimately keep getting richer until it
becomes first world. In Weston, so

453
00:41:52.360 --> 00:41:57.159
I hope you're right. I always
thought that and always hoped that that was

454
00:41:57.199 --> 00:42:01.639
true, because I love China.
I've visited China many times. I find

455
00:42:01.719 --> 00:42:07.920
in an exciting, thrilling place,
and the Chinese people very engaging and very

456
00:42:07.039 --> 00:42:14.840
entrepreneurial and very motivated. And I'd
like but over the last ten years,

457
00:42:15.199 --> 00:42:21.920
she has slow slowly, slowly,
not slowly slowly, and systematically move China

458
00:42:21.960 --> 00:42:28.360
and authoritarian direction. And I'm hopeful
that the Chinese people will ultimately rebel against

459
00:42:28.400 --> 00:42:34.639
them, that the Chinese people will
ultimately want to liberate themselves and throw off

460
00:42:34.679 --> 00:42:38.840
the shackles of authoritarianism. And I
agree with you completely that a free China

461
00:42:39.079 --> 00:42:45.639
is not a threat to anybody.
But what scares me is that it's becoming

462
00:42:45.719 --> 00:42:49.519
less fee now. As it becomes
less free, it will also grow less

463
00:42:49.599 --> 00:42:54.440
fast. As it becomes less free, it will also it will also be

464
00:42:55.159 --> 00:43:00.119
much less of a threat to the
United States or to anybody else's. So

465
00:43:00.159 --> 00:43:05.679
I'd like it to become more free. So it's a robust, amazing trading

466
00:43:05.719 --> 00:43:10.239
partner. It would be amazing if
America can benefit from the entrepreneurial spirit that

467
00:43:10.440 --> 00:43:15.960
all of us as individuals on America
can benefit from. The entrepreneurs spirit would

468
00:43:15.960 --> 00:43:22.039
be unleashed if China freed up its
citizens I mean, Chinese amazing entrepreneurs and

469
00:43:22.079 --> 00:43:27.519
they have the capacity to really change
the world if they are free from the

470
00:43:27.559 --> 00:43:32.599
constraints placed on them by the government. Thank you, Liam Right, Richard

471
00:43:32.639 --> 00:43:37.920
says, I look forward to the
day China is free. I will see

472
00:43:37.079 --> 00:43:39.880
it in my lifetime, and I
believe it will happen in the next twenty

473
00:43:39.920 --> 00:43:44.519
years. Chinese people yearn for freedom, but there was no moral leadership by

474
00:43:44.599 --> 00:43:49.760
US. One president with a mall
backbone could end CCP rule. I think

475
00:43:49.800 --> 00:43:55.119
that might be true, but you
need that one American president, and unfortunately,

476
00:43:55.159 --> 00:44:00.000
even that one American president, I
don't know where he is. And

477
00:44:00.639 --> 00:44:06.000
uh, you know, it's not
so much that we need to see in

478
00:44:06.000 --> 00:44:08.199
my lifetime of free China. What
we really need to see in our lifetime

479
00:44:08.239 --> 00:44:14.119
as a free America. Maybe not
as free as my ideal, maybe not

480
00:44:14.159 --> 00:44:17.599
as capitalist as complete separation of state
from economics, but freer than it is

481
00:44:17.639 --> 00:44:22.000
today, free as it used to
be. If America can become free again,

482
00:44:22.039 --> 00:44:27.559
if America can can can turn on
and it can liberate it's such an

483
00:44:27.800 --> 00:44:34.400
entrepreneur, it's can liberate its innovators. There's no It's very difficult to stop

484
00:44:34.880 --> 00:44:37.320
the United States, and if America
can open up its borders, that's super

485
00:44:37.400 --> 00:44:45.679
important. I mean, I don't
think people realize how big of a headwind

486
00:44:45.760 --> 00:44:52.519
we face, because over the last
five or so years we've more than that.

487
00:44:52.679 --> 00:44:57.400
You know, since the twenty sixteen
seventeen we have restricted immigration, and

488
00:44:57.440 --> 00:45:00.880
primarily we've restricted the best from coming
to America. I mean, why are

489
00:45:00.920 --> 00:45:06.400
we not issuing visas to Russian engineers? Why are we not issuing visas to

490
00:45:06.559 --> 00:45:10.880
Chinese engineers who want to leave their
countries. Imagine if we told the Chinese

491
00:45:12.480 --> 00:45:15.760
entrepreneurial class, yeah, you probably
can't get done stuff done in China right

492
00:45:15.800 --> 00:45:20.639
now because it's so regulated and controlled
and your government is sowthalitarian. Come to

493
00:45:20.679 --> 00:45:24.599
the United States is a visa.
Can you imagine the flow of people,

494
00:45:24.719 --> 00:45:30.960
talent, brain power, and capital. They bring their money with them too.

495
00:45:31.480 --> 00:45:36.320
All right, let's see quickly other
China questions. Michael says, the

496
00:45:36.320 --> 00:45:40.519
future economy growth from China maybe what
keeps the West alive long enough objectives to

497
00:45:40.639 --> 00:45:44.960
ideas to really get out there.
I don't think so, because, as

498
00:45:44.960 --> 00:45:49.639
I said, as China becomes more
authoritarian, China's economy will grow slower,

499
00:45:49.920 --> 00:45:57.599
will grow slower. Right. What
American needs, what China needs, what

500
00:45:57.639 --> 00:46:00.800
any country in the world needs in
order to grow, to become wealthy is

501
00:46:00.840 --> 00:46:07.320
capitalism. And and uh, if
you negate capitalism, you negate economic growth.

502
00:46:07.440 --> 00:46:12.400
You you you destroy the capacity to
grow free markets or drive economics.

503
00:46:12.920 --> 00:46:17.079
Uh. You know, government attempts
to regulate control, socialist attempts to regulating

504
00:46:17.119 --> 00:46:28.079
control always always, and in disaster
an economic failure. All right, Um,

505
00:46:28.199 --> 00:46:30.400
wow, West, thank you.
West just came in with one hundred

506
00:46:30.400 --> 00:46:34.880
dollars, got us over the limit. Thank you guys, really really appreciate

507
00:46:34.920 --> 00:46:38.360
it. This is super helpful.
You can keep asking twenty dollars questions.

508
00:46:38.679 --> 00:46:45.079
Um, all right, let's Richard
h less China. Okay, let's let's

509
00:46:45.119 --> 00:46:49.719
take Owen. First of all,
great show today you're on. Thanks,

510
00:46:49.719 --> 00:46:52.840
oh, and really appreciate the support
those twenty dollars. Michael asks, you

511
00:46:52.880 --> 00:46:58.320
say, objective answers are not obvious, but a cons explanation and answers any

512
00:46:58.320 --> 00:47:04.920
more obvious. D can's answer make
people more comfortable while people create discomfort,

513
00:47:04.960 --> 00:47:08.360
So impetus to evade his great No. I mean, look, I don't

514
00:47:08.360 --> 00:47:14.639
think you quite get it right.
So Conscian says are not easy, but

515
00:47:14.880 --> 00:47:22.920
consconsas are compatible with the dominant way
of people were thinking that as Christianity content

516
00:47:23.039 --> 00:47:28.599
Christianity are bedfellows. They lived together
really really well. Indeed, part of

517
00:47:28.639 --> 00:47:32.039
why Kant was motivated to provide those
answers was because he wanted to save Christianity.

518
00:47:32.079 --> 00:47:38.239
He found the Enlightenment. So Kan
didn't come across as as much of

519
00:47:38.239 --> 00:47:45.199
a revolutionary as objectivism is. Objectivism
is an upheaval of their ideas. And

520
00:47:45.239 --> 00:47:49.440
then, of course when Khan came
out with his ideas, many of the

521
00:47:49.559 --> 00:47:58.920
intellectuals around him were impressed, supported
those ideas and embraced them and then started

522
00:47:58.960 --> 00:48:05.719
teaching them all modified them to suit
their needs. Hagel didn't teach Kant,

523
00:48:05.719 --> 00:48:09.639
but Hegel's philosophy is imbued with Kant. And once you get a Hagel,

524
00:48:09.639 --> 00:48:14.320
then you get a Mark Suit takes
Hago's ideas and abuse them with another dimension,

525
00:48:14.679 --> 00:48:17.000
turned it into Marxism. So ideas
built, and ideas built, and

526
00:48:17.119 --> 00:48:22.960
ideas all off of this Kanti in
base, and those ideas were picked up

527
00:48:22.960 --> 00:48:27.719
by intellectuals and spread and taught and
integrated into people's lives. They don't know

528
00:48:27.760 --> 00:48:30.440
its Kant, They've never heard of
Amanuel kant they don't know exists that it

529
00:48:30.480 --> 00:48:36.800
doesn't matter what they get are the
final ideas, the final outcomes of those

530
00:48:36.880 --> 00:48:44.480
kantient ideas presented two hundred plus years
ago, but then integrated by intellectual left

531
00:48:44.519 --> 00:48:53.599
intellectual left intellectual and reshaped and changed
into a million different things. Now,

532
00:48:53.599 --> 00:48:59.679
objectivism doesn't have that. We don't
have the multitude of intellectuals. We won't

533
00:48:59.719 --> 00:49:06.079
picked by the culture and by its
intellectual elite, and that makes it far

534
00:49:06.239 --> 00:49:09.159
more difficult. We have to create
an intellectual elite. We have to replace

535
00:49:09.239 --> 00:49:16.800
the existing intellectual elite, and that
is a lot more difficult. So it's

536
00:49:19.159 --> 00:49:22.440
our answers are not obvious, and
they're not embraced by the intellectuals. They're

537
00:49:22.440 --> 00:49:27.960
not embraced by the people who then
perpetuate ideas out there into the culture.

538
00:49:30.320 --> 00:49:35.400
Richard, underneath the US freedom not
in my backyard rules banning cell towers are

539
00:49:35.400 --> 00:49:38.440
so effing annoying, so many dropped
calls, so much bad reception and lost

540
00:49:38.480 --> 00:49:43.280
activity because of this, not to
mention immigration restriction open boats. Now,

541
00:49:43.599 --> 00:49:46.440
yes, no, I mean not
in my backyard. You know, cell

542
00:49:46.519 --> 00:49:50.599
towers are just a beginning. What
about all the industry that can't be built,

543
00:49:50.920 --> 00:49:54.199
the refining capacity that's shrinking because you
can't build new refineries, and on

544
00:49:54.280 --> 00:49:59.320
and on and on you go,
the non in by backyard, the housing

545
00:49:59.320 --> 00:50:07.280
that is not being increase, massive
challenges and massive problems, massive challenges and

546
00:50:07.320 --> 00:50:19.800
massive problems for growth, for economic
success, for economic prospality. Theme Aster

547
00:50:19.920 --> 00:50:22.440
says, what can be done to
help improve the epistemology of American people?

548
00:50:23.280 --> 00:50:30.039
Well, I think one it's the
model good epistemology. It's that makes arguments

549
00:50:30.519 --> 00:50:36.719
using good epistemology. I think you'll
have less success in teaching epistemology explicitly.

550
00:50:37.199 --> 00:50:39.880
What you want is to model it, to show people how to present arguments,

551
00:50:40.559 --> 00:50:44.000
how to deal with reality, how
to deal with facts, what does

552
00:50:44.079 --> 00:50:49.320
reason look like in terms of its
application. That's one. The second is,

553
00:50:49.360 --> 00:50:53.000
of course, you've got to improve
the epistemology of the intellectual leadership of

554
00:50:53.000 --> 00:50:58.760
the country. You've got to make
the intellectual leaders be people who model this

555
00:50:58.840 --> 00:51:05.639
good epistemology and who write books based
on the epistemology, and then find ways

556
00:51:06.079 --> 00:51:13.920
to simplify it and to teach it
in schools, to teach a proper way

557
00:51:13.920 --> 00:51:22.079
of thinking, a proper way of
engaging with the world. Two children too.

558
00:51:22.159 --> 00:51:27.440
High school is primarily and to college
students, that's the revolution. So

559
00:51:27.559 --> 00:51:34.199
you need again, you need hundreds
of intellectuals translating all of these abstract ideas

560
00:51:36.599 --> 00:51:40.719
both into the way they communicate,
so modeling it, and into actual tools

561
00:51:40.760 --> 00:51:47.519
that people can use without having to
understand the deep source of every epistemological principle

562
00:51:52.840 --> 00:51:55.519
Shasba. Do you think that the
first Moon colony would be more capitalist in

563
00:51:55.559 --> 00:51:59.440
the US? Would you move there? If it was? It would be

564
00:51:59.440 --> 00:52:07.000
easier on your back at least.
Um, I don't know if the first

565
00:52:07.000 --> 00:52:08.800
Moon colony it would be more capitalist
in the United States. I mean,

566
00:52:08.800 --> 00:52:14.960
it's it's it's really hard to tell. Um what kind of principles would guide

567
00:52:15.000 --> 00:52:17.679
it. It would probably be a
kind of a corporate structure. It could

568
00:52:17.920 --> 00:52:22.480
very well be top down. Um, it's hard to tell. I mean,

569
00:52:22.480 --> 00:52:24.960
I wish it was, like I
don't know if you guys have read

570
00:52:25.000 --> 00:52:29.920
The Moon as a Harsh Mistress by
Robert Handlin, a where he describes a

571
00:52:29.960 --> 00:52:36.599
revolution on the Moon that establishes a
free political political system on the Moon,

572
00:52:37.360 --> 00:52:39.760
but then even it deteriorates, so
the hero is then often a spaceship to

573
00:52:39.800 --> 00:52:45.159
the next colony. Um, I
don't know. It really depends on who

574
00:52:45.320 --> 00:52:49.119
establishes it is at the US,
is it China? Is it a corporation?

575
00:52:49.639 --> 00:52:52.519
Is it is it? Is it
alone musk So I don't know.

576
00:52:52.559 --> 00:52:57.320
Would I move there? Probably not. It strikes me it's quite claustrophour weeks

577
00:52:57.400 --> 00:53:00.559
after where the space suit all the
time. I kind of like Earth.

578
00:53:00.599 --> 00:53:02.639
I like gravity. Um, it
would be easy on my back. But

579
00:53:02.679 --> 00:53:06.639
I'm hoping that once we can build
colonies in the moon, we can also

580
00:53:06.679 --> 00:53:12.880
replace my back or or reinvigorate it
with uh, with stem cells, or

581
00:53:12.880 --> 00:53:15.800
maybe we can have the nano nano
particles that you put into the back and

582
00:53:15.840 --> 00:53:20.239
they they fix everything. You know, who knows what technology is going to

583
00:53:20.320 --> 00:53:23.920
bring to cure problems like my back
problems. I truly believe it's going to

584
00:53:24.000 --> 00:53:29.199
happen. I mean, the last
surgery I had was cleaning up and stem

585
00:53:29.199 --> 00:53:34.679
cells and it's it's it's been amazing, and that was done. That was

586
00:53:34.719 --> 00:53:42.639
done um, kind of in the
stealth because it's it's not completely officially permitted

587
00:53:42.639 --> 00:53:45.719
by the FDA. Say, imagine
once these things are permitted and or we

588
00:53:45.760 --> 00:53:49.960
go to permissionless society and you don't
have to ask permission. You can ask

589
00:53:49.960 --> 00:53:55.559
for forgiveness afterwards. Yeah, I
have titanium in my spines, so um,

590
00:53:57.320 --> 00:54:00.400
you know it would be nice if
I don't think I could ever get

591
00:54:00.480 --> 00:54:04.239
rid of the titanium in my spine. But it hasn't living to be too

592
00:54:04.320 --> 00:54:07.400
much, the titanium in the spine. I'm still in pretty good shape.

593
00:54:07.840 --> 00:54:15.599
Um. But yeah, I mean
I'm excited about medical innovation anyway, So

594
00:54:15.719 --> 00:54:17.840
I'm not. No, I'm not
that curious about living on the moon.

595
00:54:21.400 --> 00:54:24.159
Let me let me stay on Earth. I mean, imagine, imagine the

596
00:54:24.239 --> 00:54:30.480
latency and and the internet connection problems
I would have on the moon. I

597
00:54:30.519 --> 00:54:35.440
mean I have them in Puerto Rico. Imagine on the moon. You're on

598
00:54:35.519 --> 00:54:39.360
the terminator. I literally have titanium
in my back. I mean big screws

599
00:54:39.840 --> 00:54:45.679
and you know, whole structure.
It's a pity cool bionic You're on,

600
00:54:46.039 --> 00:54:50.679
all right, Richard says. Israeli
friends of mine have spent time in China.

601
00:54:50.760 --> 00:54:52.920
They say Chinese idealized Jews and books
like how do you invest like a

602
00:54:53.000 --> 00:54:58.599
Jew? Did you encounter these sorts
of positive depictions of Jewish stereotypes in your

603
00:54:58.639 --> 00:55:02.599
visits? Yes, Primari Israeli stereotypes
more than Jewish stereotypes. They love Israel.

604
00:55:02.639 --> 00:55:07.119
They think Israel is amazing. They
they they adore the innovation, the

605
00:55:07.440 --> 00:55:14.280
entrepreneurship, um, the the technology
that comes out of Israel. I think

606
00:55:14.320 --> 00:55:17.320
a lot of technology. The China
has. Unfortunately a lot of technology that

607
00:55:17.320 --> 00:55:22.760
I think probably China uses in the
military comes from Israel. But but they

608
00:55:22.280 --> 00:55:27.360
really do adore Israel. They think
Israel is amazing and um, and there

609
00:55:27.480 --> 00:55:32.800
is something about um. There is
a certain really deep respect for people who

610
00:55:34.159 --> 00:55:38.280
describe themselves as Jews over there.
So I have noticed that I have encountered

611
00:55:38.320 --> 00:55:43.400
that many times in my travels in
China. Uh that as a phenomenon.

612
00:55:45.320 --> 00:55:51.079
All right, let's see Richard says
we're losing ground to China on stem cell

613
00:55:51.199 --> 00:55:57.119
research, one of the most obvious
problems caused by by Christian Christian stick worship,

614
00:55:57.639 --> 00:56:02.840
um, stick shoving leutism might must
end. Yes, I mean,

615
00:56:02.880 --> 00:56:07.360
look, no question, Um,
we're losing. I mean, luckily Europe

616
00:56:07.480 --> 00:56:13.280
is not quite as obsessed as America
is with Christianity, so there's a lot

617
00:56:13.280 --> 00:56:15.480
of stem cell innovation going on in
Europe. You know, it was the

618
00:56:15.480 --> 00:56:19.920
cloning of the sheep you remember the
cloning of the sheep that happened in the

619
00:56:20.039 --> 00:56:22.440
UK because the UK did not have
restrictions and cloning, which the United States

620
00:56:22.480 --> 00:56:28.840
did. There's a lot of stem
cell innovation going on in Europe that is

621
00:56:28.880 --> 00:56:31.440
not going on in the US.
A lot of research going on in Europe

622
00:56:31.480 --> 00:56:37.320
over over stem cells and some treatments
in places like Switzerland. Um in in

623
00:56:37.320 --> 00:56:40.400
in the America as you see,
um, you're starting to see real medical

624
00:56:40.440 --> 00:56:46.039
tourism. I know people who are
going to Panama, to Mexico, to

625
00:56:46.159 --> 00:56:52.159
Colombia to get stem cell treatments.
But would mean would it be amazing for

626
00:56:52.360 --> 00:56:58.920
unleashed the innovative, the American innovative
innovatives, the American entrepreneurs on stem cells

627
00:56:58.960 --> 00:57:04.199
and and American labs on stem cells
and provided them with the incentives to go

628
00:57:04.400 --> 00:57:08.639
full blown on stem cells and the
incentives of COURSA to be able to make

629
00:57:08.679 --> 00:57:15.760
money off of it. With the
FDA supporting stem cells, you know,

630
00:57:15.039 --> 00:57:20.239
doing a way with the FDA,
wouldn't that be amazing? So yes,

631
00:57:20.320 --> 00:57:22.719
we're definitely losing ground to the rest
of the world. In China is innovating

632
00:57:22.800 --> 00:57:30.519
like crazy and biotech they realize biotech
is an important feature of technology in the

633
00:57:30.519 --> 00:57:34.239
future. But again, a lot
of those Chinese we could get to move

634
00:57:34.280 --> 00:57:37.360
to the US. We could get
them to come here and do their research

635
00:57:37.360 --> 00:57:40.360
over here, if only we had
the right visa structure, if we only

636
00:57:40.360 --> 00:57:46.199
had the right immigration policy. The
only thing keeping them over there is one

637
00:57:47.159 --> 00:57:53.079
some belief that they have which is
based on some reality that Americans are anti

638
00:57:53.159 --> 00:57:59.000
Chinese and anti you know, in
a racist way. They're racist against Chinese.

639
00:57:59.360 --> 00:58:04.960
And the second is just an absolute, unbelievable difficulty of getting an immigrant

640
00:58:05.039 --> 00:58:09.239
an immigration visa to the US.
It's one of the biggest political issues out

641
00:58:09.280 --> 00:58:15.079
there. We need to have more
immigrants. All right. A bunch of

642
00:58:15.119 --> 00:58:19.440
you were asking me about Tacker,
Carson and Lemon, who is fired from

643
00:58:19.599 --> 00:58:22.840
CNN. I saw that this morning. I actually talked about it quite a

644
00:58:22.840 --> 00:58:25.239
bit on my morning show, so
you can go back. It's called Taka

645
00:58:25.320 --> 00:58:29.039
Carson and then some other things.
I talked about it back then. But

646
00:58:29.119 --> 00:58:34.880
let's quickly go over these questions.
Michael Laite says Lemon and Carson have been

647
00:58:35.000 --> 00:58:37.800
let go from the media networks at
roughly at the same time. Thoughts do

648
00:58:37.840 --> 00:58:42.880
you think there will be replaced by
people better was, so I think that'll

649
00:58:42.920 --> 00:58:46.519
be replaced by people who are better. I think CNN has engaged over the

650
00:58:46.639 --> 00:58:52.280
last few months in a real effort
to try to move the network to the

651
00:58:52.320 --> 00:59:00.199
center. I think the new CEO
is trying to trying to base. He

652
00:59:00.360 --> 00:59:05.440
changed the perception of CNN from best
end of the left to what it was

653
00:59:05.480 --> 00:59:08.440
when it first came out, kind
of a news network for everybody, twenty

654
00:59:08.440 --> 00:59:15.760
four to seven news, and and
and and and centrist balanced. So I

655
00:59:15.800 --> 00:59:20.679
do think they'll get somebody better than
Lemon at Fox. UM. I think

656
00:59:20.719 --> 00:59:22.760
Carson was a problem. It was
a problem with dominion. He was a

657
00:59:22.800 --> 00:59:28.000
problem with the other lawsuits that Fox
is still facing. He was a problem

658
00:59:28.039 --> 00:59:30.719
in terms of his attitude, but
he was also a problem in the sense

659
00:59:30.719 --> 00:59:34.679
that he was feeding the worst elements
on the right. I think what they

660
00:59:34.760 --> 00:59:40.840
will get is somebody again better.
How much better, I don't know,

661
00:59:42.000 --> 00:59:47.960
but somebody who is more UM,
I don't know, a easy to control,

662
00:59:49.039 --> 00:59:54.840
probably from the corporate perspective, but
also UM. Somebody who maybe UM

663
00:59:58.159 --> 01:00:02.000
is more to the sent that may
be more balanced, but not too anti

664
01:00:02.000 --> 01:00:06.519
Trump because they can't afford to piss
off his audience. So It'll be interesting

665
01:00:06.559 --> 01:00:09.199
to see where they replace him with. But but but they but they they

666
01:00:09.239 --> 01:00:15.599
can't afford to just cata to the
worst conspiracy theory elements on the right,

667
01:00:15.639 --> 01:00:21.880
which is what Tucker Carson did.
Um Tyler says, can you believe the

668
01:00:21.880 --> 01:00:24.840
news about Tucker Carson? I was, I'm ecstatic. I'm really happy.

669
01:00:24.960 --> 01:00:30.039
Couldn't happen to a nicer person.
Um, I'm glad to see Tucker Carson

670
01:00:30.119 --> 01:00:35.440
go. He was a bad influence
on America, a bad influence on I

671
01:00:35.480 --> 01:00:37.079
think the rights, or a bad
influence on the on the on the people

672
01:00:37.079 --> 01:00:40.960
who watched Fox News. I think
he was a really, really, really

673
01:00:42.000 --> 01:00:45.760
corrupting influence on America. So I'm
glad to see him go. I hope

674
01:00:45.760 --> 01:00:50.039
he's marginalized somewhere and we don't see
much of him in the future. I

675
01:00:50.039 --> 01:00:52.880
don't think that will happen. I
said, that was my hope. Uh,

676
01:00:53.079 --> 01:00:58.000
let me see. There was some
other Hopper Campbell asks, will Tucker

677
01:00:58.039 --> 01:01:01.400
Carson fade into obscurity like Stephen Stephan
Mall and you after he was canceled.

678
01:01:01.599 --> 01:01:06.400
Um, I don't know. All
I can say is I hope so,

679
01:01:07.599 --> 01:01:12.000
But I really don't know. I
mean Techocoston was obviously a lot bigger than

680
01:01:12.000 --> 01:01:17.039
Stephan Malling you and had a much
stronger base. It's hard to know where

681
01:01:17.039 --> 01:01:21.559
those two point two million people who
watched every one of his episodes go,

682
01:01:22.079 --> 01:01:23.639
and it's obviously more than three point
two because it's not the same three point

683
01:01:23.679 --> 01:01:30.880
two every night, So I don't
know where he goes, all right.

684
01:01:31.239 --> 01:01:37.199
Some unrelated questions, this one from
yesterday by Michael I had a professor tell

685
01:01:37.280 --> 01:01:42.400
me Affrica is poor because of capitalism
and imperialism. What economic system do African

686
01:01:42.400 --> 01:01:52.800
countries actually operate under? Well,
they operate under autocratic, authoritarian, corrupt

687
01:01:52.960 --> 01:02:00.400
economic system where the government basically the
authoritarian charge basically sucks all the wealth out

688
01:02:00.440 --> 01:02:07.199
of the economy and puts it into
a Swiss bank accounts where you know,

689
01:02:07.360 --> 01:02:14.239
Wagner Group exploits much of those resources
by enslaving in a sense of slaving or

690
01:02:14.239 --> 01:02:20.039
exploiting Africans to mine products that then
they sell on the open market. It

691
01:02:20.199 --> 01:02:27.079
is a It is basically a economic
system based on violence, and based on

692
01:02:27.119 --> 01:02:34.079
authoritarianism and based on central planning.
The few countries in Africa that have a

693
01:02:34.199 --> 01:02:37.920
semblance of private property and and and
free markets. Other it's just other ones

694
01:02:37.960 --> 01:02:45.360
that are growing the fastest, like
somewhat Rwanda, Botswana, UM and Botswana

695
01:02:45.519 --> 01:02:49.800
and um. It was one of
the country that I can't remember right now.

696
01:02:50.239 --> 01:02:55.679
Africa needs capitalism, it needs property
rights. When property rights implemented,

697
01:02:57.400 --> 01:03:02.239
Africa will be rich. Michael asks
why did White Rose and other anti Nazi

698
01:03:02.280 --> 01:03:07.360
movements in the nineteen thirty Germany proved
completely impotent. It shows morality and good

699
01:03:07.400 --> 01:03:14.320
ideas can't overpower evil intellectuals who control
academia. Um. It's not clear that

700
01:03:14.360 --> 01:03:19.280
the Nazis controlled academia early on,
but because the White Rose didn't and they

701
01:03:19.280 --> 01:03:29.199
have other anti Nazi movements didn't have
a moral and real ideological um argument against

702
01:03:29.280 --> 01:03:34.360
Nazism. They were also contient and
they were also influenced by German philosophy.

703
01:03:35.119 --> 01:03:39.880
They didn't have a philosophical argument against
them. They they they were like conservatives

704
01:03:39.880 --> 01:03:44.400
today, They who can't argue with
the left because they can't they can't challenge

705
01:03:44.440 --> 01:03:49.559
their altruism. So ultimately the left
has to win in in that context,

706
01:03:50.000 --> 01:03:52.239
either through the right winning and just
implementing the left policies, or the left

707
01:03:52.280 --> 01:03:55.679
winning in the short run. So
that's why the Nazis won the Nazi one

708
01:03:55.679 --> 01:04:01.719
because they faced no real intellectual philosophical
position. There was no principal opposition to

709
01:04:01.840 --> 01:04:08.960
them. There was just practical,
pragmatic opposition and maybe socialist communist opposition,

710
01:04:09.280 --> 01:04:13.639
which which obviously is not going to
effective. You can't fight fascism with communism

711
01:04:13.920 --> 01:04:16.039
or communism with fascism, which is
what the right is trying to do today

712
01:04:16.039 --> 01:04:23.639
in America. Richard said it gave
a presentation to Department of Justice officials today

713
01:04:23.679 --> 01:04:27.519
about the supply chains. I was
pleasantly surprised by how receptive they were to

714
01:04:27.559 --> 01:04:31.679
my argument to deregulation and immigration reform
essential financial security thoughts. I mean,

715
01:04:31.719 --> 01:04:35.559
that's great. I do think there
are better people out there. I do

716
01:04:35.679 --> 01:04:41.440
think there are people even in government
who understand these ideas. I think a

717
01:04:41.599 --> 01:04:46.519
problem is the American people and politicians
we elect. I think once we have

718
01:04:46.719 --> 01:04:55.239
better people, we can Once we
have better politicians, it won't be that

719
01:04:55.280 --> 01:04:59.320
difficult to turn things around. But
we need to have better politicians. We

720
01:04:59.360 --> 01:05:05.719
need to have better Americans, better
people to elect better politicians. So I

721
01:05:05.719 --> 01:05:10.320
think it's fantastic, and I think
the more people like you present to them,

722
01:05:10.599 --> 01:05:14.320
the more they hear this. The
more they hear that it's important,

723
01:05:14.360 --> 01:05:17.599
the more likely it is that they
resist the stuff coming from Washington. The

724
01:05:17.679 --> 01:05:24.639
more likely it is that they propose
better and better policies. We elected these

725
01:05:24.679 --> 01:05:29.280
politicians. Robert says, Amy and
Owre just back from a ten day trip

726
01:05:29.320 --> 01:05:34.519
to Japan. Cool Tokyo and Kyoto
and I had a yen to hear the

727
01:05:34.639 --> 01:05:41.360
un Brook show for your information.
Ayumi and Yoshi of the Iron Man Center

728
01:05:41.440 --> 01:05:45.039
Japan send their greetings. Oh aren't
they wonderful? I mean, both of

729
01:05:45.159 --> 01:05:48.719
Ui and Yoshi just amazing people.
I love those guys and it's great.

730
01:05:49.400 --> 01:05:53.880
It's great to do stuff with them. I've had some fantastic dinners with them

731
01:05:53.920 --> 01:05:58.880
and had some fantastic events that we've
scheduled together. So it really inspiring to

732
01:05:58.920 --> 01:06:05.440
see object everywhere includes Japan and actively
engage in appticativity involved. So yes,

733
01:06:05.679 --> 01:06:10.519
glad you got to meet them,
Robert. All right, last question for

734
01:06:10.599 --> 01:06:15.519
the night. James says, you've
got to be consistent with your shows even

735
01:06:15.559 --> 01:06:19.000
while traveling or super Chat, revenue
and viewership will keep suffering. Consistency is

736
01:06:19.079 --> 01:06:25.320
key. Problem is consistency is impossible. I can do shows at two am.

737
01:06:25.360 --> 01:06:28.039
On the road. When I have
to do stuff at eight am on

738
01:06:28.079 --> 01:06:30.960
the road, it's just undoable.
So you're just gonna have to suffer through

739
01:06:31.000 --> 01:06:35.440
my inconsistency, and I realize that
revenue will suffer. That's just part of

740
01:06:35.480 --> 01:06:40.639
the deal. Luckily, most of
the time when I travel, I'm also

741
01:06:41.000 --> 01:06:45.199
making money by giving talks and things
like that. This trip not so much

742
01:06:45.280 --> 01:06:48.480
because this trip is mostly vacation.
Although I am going to give talks in

743
01:06:48.480 --> 01:06:50.679
Israel. I'm going to do quite
a few things in Israel. I think

744
01:06:51.079 --> 01:06:56.960
I'm going to be debating a somebody
from the government from these raided government on

745
01:06:57.400 --> 01:07:01.679
the judicial reforms. So I think
we're gonna have a minister from the government

746
01:07:01.679 --> 01:07:05.280
and I'm going to debate him on
the proposed due to siover films. We'll

747
01:07:05.280 --> 01:07:09.639
see if that happens, but I
think that's part of the plan. Daniel

748
01:07:09.639 --> 01:07:14.199
says, I'm writing an article on
industrial base in regards to military China.

749
01:07:14.400 --> 01:07:16.159
You once said it takes four and
a half years to build a factory because

750
01:07:16.199 --> 01:07:19.239
of the Clean Air Act. Do
you have a source? Please? No

751
01:07:19.360 --> 01:07:26.039
luck finding this so far? Oh
god, Um, I mean I would

752
01:07:26.039 --> 01:07:29.800
look for Cato. I don't know
if I said four and a half years,

753
01:07:29.800 --> 01:07:33.000
that sounds that sounds short. Uh, you know, but look at

754
01:07:33.039 --> 01:07:39.000
Cato. Look at that economist I
really like at Cato. Lindsey Com.

755
01:07:39.320 --> 01:07:43.800
Lindseycom has a lot of information like
that, and I think I probably got

756
01:07:43.800 --> 01:07:46.159
it from one of his articles.
I would definitely check out Scott Lindsey Coomb.

757
01:07:46.199 --> 01:07:51.159
I think it's Scott for information like
that at the Cato Institute. He

758
01:07:51.199 --> 01:07:56.320
has also his own sub stack where
you can find all his articles. All

759
01:07:56.400 --> 01:08:00.679
right, everybody, it's a really
late at night. Thank you for joining

760
01:08:00.719 --> 01:08:04.079
me for the second show. Thank
you for getting us way over the target.

761
01:08:04.639 --> 01:08:10.400
You know, this helps keeps everything
going and it compensate for the fact

762
01:08:10.400 --> 01:08:14.719
that we got almost nothing yesterday.
So it all balances out in the end,

763
01:08:14.719 --> 01:08:16.800
and you guys are great. Richard
has one final question. I have

764
01:08:16.960 --> 01:08:24.439
sources an answer to the question.
Google environmental impact studies take an average of

765
01:08:24.520 --> 01:08:29.039
four and a half years. You'll
find plenty. Just google that sentence,

766
01:08:30.000 --> 01:08:33.279
hopefully, Daniel hood that just google
environmental impact studies take an average of four

767
01:08:33.319 --> 01:08:36.800
and a half years. Thank you, Richard, and Fenn Harpa has another

768
01:08:36.880 --> 01:08:45.279
question. I mentioned to you doctor
Stone before while Live on AMA New Development

769
01:08:45.279 --> 01:08:49.760
and the show they introduced The Greediest
Man Alive. It's a good way.

770
01:08:49.880 --> 01:08:54.000
It's a good in a good it's
in a good way. Though he wants

771
01:08:54.039 --> 01:08:58.640
everyone to raise so he can trade
with them, win win. Character.

772
01:08:58.800 --> 01:09:00.760
That's great and we need all of
that. It's reminds you of that Patrick

773
01:09:00.800 --> 01:09:08.920
Ben Davide Bait David that I did
yesterday about selfishness. I mean, there's

774
01:09:08.960 --> 01:09:14.239
an element that's good in there and
in the way he uses selfishness. We

775
01:09:14.359 --> 01:09:17.840
just need to clean it up dramatically, but clean it up all right,

776
01:09:17.840 --> 01:09:23.439
everybody, Thank you. I really
appreciate the support. We've done phenomenally well

777
01:09:23.479 --> 01:09:30.279
today and I will see you all
tomorrow. I'm gonna plan to do a

778
01:09:30.279 --> 01:09:34.039
show I think at noon that will
be a new show. What won't be

779
01:09:34.079 --> 01:09:36.079
a noon? What am I talking
about? Way to say noon, I've

780
01:09:36.119 --> 01:09:39.800
got I've got a meeting at noon, so I think it'll be have to

781
01:09:39.800 --> 01:09:46.600
be at um, yeah, tomorrow
at one o'clock, one o'clock. I

782
01:09:46.680 --> 01:09:50.159
might have to push it to two
maybe two o'clock. Anyway, sometime tomorrow

783
01:09:50.159 --> 01:09:56.239
afternoon one or two o'clock. Well, we'll have a show and I will

784
01:09:56.279 --> 01:10:00.000
see you all then buy everybody and
thanks again for all the super Chattis.

785
01:10:00.079 --> 01:10:08.359
You are great today. Thank you
Troy from Australia for the five hundred stillion dollars M