WEBVTT

NOTE Consenting Capitalist Acts: The Tyranny of the Left

1
00:00:00.000 --> 00:00:05.360
It's an honor and a privilege and a pleasure to be addressing this seminar,

2
00:00:05.360 --> 00:00:08.640
despots, left and right, the tyranny of our times.

3
00:00:08.640 --> 00:00:14.160
My own talk is consenting capitalist acts, the tyranny of the left.

4
00:00:14.160 --> 00:00:17.200
I guess we have a little competition going on here.

5
00:00:17.200 --> 00:00:19.200
Lew will be talking about the tyranny of the right,

6
00:00:19.200 --> 00:00:21.280
and other people will be talking about other tyrannies.

7
00:00:21.280 --> 00:00:23.160
I get the left.

8
00:00:23.160 --> 00:00:27.360
Sort of like shooting fish in a barrel, but what the heck?

9
00:00:27.360 --> 00:00:33.360
Tom Woods recently wrote,

10
00:00:33.360 --> 00:00:38.360
Congressman Ron Paul, Republican candidate for president, refuses to play by the rules.

11
00:00:38.360 --> 00:00:45.360
He's a bigger supporter of the free market than anyone else in Congress, but he's also the most consistent opponent of war.

12
00:00:45.360 --> 00:00:50.360
Isn't that crazy that somehow these two things are inconsistent?

13
00:00:50.360 --> 00:00:55.360
That if you're for the free market, you have to favor warmongering imperialism.

14
00:00:55.360 --> 00:01:15.360
I think this comes from the left-right spectrum, you know, on the left you have people who are socialists and against imperialism, and on the right you have people who favor the market and who favor attacking foreign countries who have not first attacked us.

15
00:01:15.360 --> 00:01:22.240
This left-right spectrum is a great problem because who are you going to put on the left?

16
00:01:22.240 --> 00:01:26.800
Well, Mother Teresa is on the left and Stalin is on the left and yet the two of them hardly

17
00:01:26.800 --> 00:01:28.720
have anything in common.

18
00:01:28.720 --> 00:01:30.160
On the other hand, who's on the right?

19
00:01:30.160 --> 00:01:35.280
Well, Murray Rothbard and Ron Paul are on the right and so is Hitler.

20
00:01:35.280 --> 00:01:38.320
You get very strange juxtapositions there.

21
00:01:38.320 --> 00:01:44.760
Surely Hitler and Stalin, left and right, belong in the same place.

22
00:01:44.760 --> 00:01:48.200
One is a National Socialist, the other is an International Socialist, and they've each

23
00:01:48.200 --> 00:01:52.520
killed millions of people for their beliefs.

24
00:01:52.520 --> 00:01:58.620
So the spectrum I like a lot better is a cross, where you have good and bad, the top good

25
00:01:58.620 --> 00:02:04.760
and the bad bottom, and then you can put Stalin on the left if you want, but the key element

26
00:02:04.760 --> 00:02:09.280
is that he's bad, and Hitler on the right, but the key element is that he's bad, and

27
00:02:09.280 --> 00:02:14.760
You can put Rothbard and Mother Teresa and Ron Paul on the good side.

28
00:02:14.760 --> 00:02:16.840
Whether they're right or left is almost unimportant.

29
00:02:16.840 --> 00:02:19.120
The key is whether they're good or bad.

30
00:02:19.120 --> 00:02:25.540
And as a libertarian, my criteria for goodness or badness is, are you advocating things that

31
00:02:25.540 --> 00:02:29.200
are compatible with free enterprise and liberty?

32
00:02:29.200 --> 00:02:34.880
Namely keeping your myths in your pockets and not using them to put around the throats

33
00:02:34.880 --> 00:02:36.300
of other people?

34
00:02:36.300 --> 00:02:43.580
whether in free enterprise criminality like shooting somebody or in, I don't know what,

35
00:02:43.580 --> 00:02:55.900
governmental bad things where they tax you and regulate you to a great degree.

36
00:02:55.900 --> 00:03:02.400
One of the criticisms that I have as the left in terms of tyranny is that they too are warmongers.

37
00:03:02.400 --> 00:03:05.660
They too engage in foreign adventurism.

38
00:03:05.660 --> 00:03:11.980
For example, the Vietnam War was really a JFK and a Johnson war. Nixon got into it later,

39
00:03:11.980 --> 00:03:19.940
but it was a left war. Then there was Clinton in Bosnia. Now the Democrats, they're sort

40
00:03:19.940 --> 00:03:25.280
of semi-against the war in Iraq, but instead of wanting to bring the troops home, they

41
00:03:25.280 --> 00:03:30.100
want to send them over to Afghanistan or other countries. So it doesn't seem that the left

42
00:03:30.100 --> 00:03:37.660
is really great on war, although maybe a little bit better than the right.

43
00:03:37.660 --> 00:03:42.580
The way I'd like to approach leftist tyranny is through a whole bunch of hypocrisies.

44
00:03:42.580 --> 00:03:43.900
Why hypocrisies?

45
00:03:43.900 --> 00:03:50.460
Because they're imposing stuff on us, whether laws or culture or what have you, that even

46
00:03:50.460 --> 00:03:55.660
they themselves cannot abide by because they're so onerous.

47
00:03:55.660 --> 00:03:59.300
Now it's true that there are hypocrisies on the right.

48
00:03:59.300 --> 00:04:04.180
You have a drug-snorting Rush Limbaugh, you have fornicating ministers, you have child

49
00:04:04.180 --> 00:04:09.500
molesting priests. But usually these people apologize. Don Imus now is apologizing to

50
00:04:09.500 --> 00:04:16.340
whoever will listen to him. Not so the lefties. The lefties don't apologize. They're proud

51
00:04:16.340 --> 00:04:21.180
of what they do, even though it's totally hypocritical. Let me give you a few examples.

52
00:04:21.180 --> 00:04:26.740
In the lexicon we have the term limousine liberal. These liberals ride around in limousines.

53
00:04:26.740 --> 00:04:36.960
We have BMW Bolsheviks, we have Champagne Socialists, Engels row to hounds as befitting a gentleman,

54
00:04:36.960 --> 00:04:41.060
the Soviet Commissar had country estates plus limousines.

55
00:04:41.060 --> 00:04:45.040
So on the one hand they advocate a certain policy, on the other hand they really can't

56
00:04:45.040 --> 00:04:47.340
keep up with it.

57
00:04:47.340 --> 00:04:52.260
Michael Moore is against the stock market because it's morally wrong and yet he has

58
00:04:52.260 --> 00:04:58.500
shares in Halliburton, Boeing, Merck, Swizer, Sonico, Tenant Healthcare, Ford, General Electric,

59
00:04:58.500 --> 00:05:08.500
McDonald's and many HMOs. So here you have a man who talks anti-investment and invests.

60
00:05:08.500 --> 00:05:13.260
In his book, Michael Moore goes on and on about how racist the society is and yet he

61
00:05:13.260 --> 00:05:19.720
lives in a town, a small town in Michigan, 2500 people, in which there's not a single

62
00:05:19.720 --> 00:05:31.720
So why did he move to Harlem? Well, he's a hypocrite. There's also questions about his record in terms of hiring minority members.

63
00:05:31.720 --> 00:05:41.720
In his films, there's been a calculation out of 134 employees, two of them were blacks, so this is not a good record for an anti-racist.

64
00:05:41.720 --> 00:05:50.240
Ralph Nader, while calling for the elimination of Microsoft or at least the severe punishment

65
00:05:50.240 --> 00:05:56.200
of Microsoft, owned shares in Microsoft's rivals. He owned shares in Goodyear while

66
00:05:56.200 --> 00:06:02.800
fighting Firestone. He purchased shares in an airbag manufacturer allied chemical before

67
00:06:02.800 --> 00:06:10.720
and while promoting airbags. He owned Stockin Ford while campaigning against GM. He fired

68
00:06:10.720 --> 00:06:28.680
Noam Chomsky is a bitter opponent of property rights, and yet he sets up a trust. He is

69
00:06:28.680 --> 00:06:34.000
a socialist who practices capitalism and an anti-militarist who has made millions of dollars

70
00:06:34.000 --> 00:06:43.280
from Pentagon Contracts. Bono, our buddy Bono, favorite musician of ours, I'm sure, reduced

71
00:06:43.280 --> 00:06:51.240
his taxes to Ireland while talking about everyone paying a fair share. A student of mine, Bedrin

72
00:06:51.240 --> 00:06:57.920
Vuk, who writes regularly for the LewRockwell.com, has found out that the monkey that caused

73
00:06:57.920 --> 00:07:03.600
AIDS was on the endangered species list. You get that? I don't know if you get the

74
00:07:03.600 --> 00:07:14.240
The reason I got into environmentalism, which is one of my fields, is my daughter, aged

75
00:07:14.240 --> 00:07:19.240
about six or seven or eight or so, came home one day and said, daddy, daddy, you're being

76
00:07:19.240 --> 00:07:21.160
environmentally incorrect.

77
00:07:21.160 --> 00:07:22.880
And I was like this.

78
00:07:22.880 --> 00:07:27.160
I was about ready to give her the white four and my wife said, shut up, shut up, because

79
00:07:27.160 --> 00:07:32.760
if you convince her of free market environmentalism, all of her student colleagues and teachers

80
00:07:32.760 --> 00:07:42.760
So I was very frustrated. I couldn't take it out on my poor little girl, so instead I had to take it out on you people in terms of writing about it.

81
00:07:42.760 --> 00:07:46.760
Which leads me to Al Gore's use of energy.

82
00:07:46.760 --> 00:07:55.760
One of the things I loved about the global warming, they were having a global warming conference in New York City and they had to cancel it due to the frost.

83
00:07:55.760 --> 00:07:59.760
Don't you just love that?

84
00:07:59.760 --> 00:08:10.760
He owns a toxin-spewing mine. Barbara Streisand has an annual water bill of $22,000 a year to keep her grass green.

85
00:08:10.760 --> 00:08:17.760
Nancy Pelosi, another favorite of ours, won the Cesar Chavez Award. He's another favorite of mine.

86
00:08:17.760 --> 00:08:23.760
I mean, Cesar Chavez is almost pure evil. I mean, on the one hand, he's supposed to be for the downtrodden,

87
00:08:23.760 --> 00:08:36.760
and yet he did everything he could to make sure that the Mexican workers couldn't come to California to get much higher salaries because he was trying to unionize the Mexican-American workers to keep them out and yet he is an icon on the left.

88
00:08:36.760 --> 00:08:44.760
In any case, Nancy Pelosi won this award and yet she uses non-union workers in her Napa Valley vineyards.

89
00:08:44.760 --> 00:08:58.760
She's received a lot of money from the Hotel Employees and Restaurant Employees Union and yet, you'll never guess, she has a restaurant chain called Piatti which has 900 employees and guess what, it's a non-union shop.

90
00:08:58.760 --> 00:09:03.760
No, I'm not against non-union shops, believe me, I'm against unions so I'm certainly in favor of that.

91
00:09:03.760 --> 00:09:10.760
But here's Nancy Pelosi who's talking a certain talk and not walking that walk.

92
00:09:10.760 --> 00:09:18.760
Ted Kennedy has dozens of trusts to protect his family fortune. He's against gun usage, and yet he has bodyguards with guns.

93
00:09:18.760 --> 00:09:22.760
Similarly, Rosie O'Donnell has a bodyguard with a gun.

94
00:09:22.760 --> 00:09:28.760
One of my favorite bumper stickers was Chappic. How many people died at Chappiquiddick?

95
00:09:28.760 --> 00:09:31.760
One. How many died at Three Mile Island?

96
00:09:31.760 --> 00:09:35.760
Zero. This was during the time of Three Mile Island.

97
00:09:35.760 --> 00:09:47.760
Another bumper sticker that I really like is, I remember once there was a parade against the war in Vietnam, this was a couple of years ago, and all the lefties had signs, you know, U.S. out of Vietnam.

98
00:09:47.760 --> 00:09:53.760
There was a small libertarian contingent, and guess what their sign was? U.S. out of the Bronx.

99
00:09:53.760 --> 00:10:07.760
The Clintons are always lecturing people about their need to pay more taxes while finding lucrative tax shelters and taking outrageous tax deductions.

100
00:10:07.760 --> 00:10:13.760
Another favorite leftist of all of ours, I'm sure, is Peter Singer. Peter Singer's mother has...

101
00:10:13.760 --> 00:10:17.760
You know what Peter Singer stands for, that animals have more...

102
00:10:17.760 --> 00:10:47.760
not only that animals have rights, but they have more rights than we do and you know we're speciesists, sort of like racists and sexist speciesists, in any case his mother has Alzheimer's, so if he were consistent with his philosophy he would have, I don't know what, poisoned her or shot her or something, got rid of her because she's you know a burden on society, instead he hired health care workers to look after her, which I think we can all applaud, namely we can applaud his actions of taking care of his mother,

103
00:10:47.760 --> 00:10:53.760
even though we can't applaud his philosophy, which is the direct contradiction of that.

104
00:10:53.760 --> 00:11:01.760
Speaking of getting rid of people, I was once in a debate on environmentalism and there were a bunch of...

105
00:11:01.760 --> 00:11:05.760
My opponent said that we had an overpopulation problem.

106
00:11:05.760 --> 00:11:09.760
So I went first and then toward the end of my speech I said, well, here's my opponent.

107
00:11:09.760 --> 00:11:13.760
He's going to come up to the podium soon. He's going to tell you we have too many people.

108
00:11:13.760 --> 00:11:20.520
Well, he has it within his power to reduce the size of the population by one.

109
00:11:20.520 --> 00:11:25.960
And yet, here he is standing there, which shows that he hasn't taken advantage of this.

110
00:11:25.960 --> 00:11:30.220
This was a hostile audience, so I was roundly booed and condemned, but here it's a much

111
00:11:30.220 --> 00:11:35.120
friendlier audience, so you can get the principle.

112
00:11:35.120 --> 00:11:37.040
Gloria Steinem got married.

113
00:11:37.040 --> 00:11:41.440
Now, this alone, so who cares if some woman got married?

114
00:11:41.440 --> 00:11:47.440
The point is that she, for years as a super-duper feminist, an elite feminist, has been preaching

115
00:11:47.440 --> 00:11:52.000
against marriage and she gets married.

116
00:11:52.000 --> 00:12:01.160
Now we have to talk about Don Imus, he used the word ho.

117
00:12:01.160 --> 00:12:06.640
By the way, Lew Rockwell tells me that Santa Claus will now be banned from Christmas because

118
00:12:06.640 --> 00:12:18.280
The point is that poor Don just used words that the rappers use in BET, black entertainment,

119
00:12:18.280 --> 00:12:22.480
television or something. They're just full of this stuff, which is sort of a tyranny of

120
00:12:22.480 --> 00:12:26.520
the left because you really can't use certain words, or rather only certain people can use

121
00:12:26.520 --> 00:12:31.400
words and other people can't. For example, I can't use the n-word. I can only say n-word

122
00:12:31.400 --> 00:12:36.160
because if I spelled it out and said it, who knows? There's tape recordings here and you

123
00:12:36.160 --> 00:12:41.200
You know, maybe I get fired or sued or something or I have to apologize, but that's sort of

124
00:12:41.200 --> 00:12:47.520
an indication of how far down the road to serfdom, to follow Hayek or the road to tyranny

125
00:12:47.520 --> 00:12:49.720
to follow what we're talking about today.

126
00:12:49.720 --> 00:12:56.820
We've come, thanks to the left, there are certain words that you just can't use.

127
00:12:56.820 --> 00:13:01.760
Another inconsistency is the abortion and the baby seals question, and some wag once

128
00:13:01.760 --> 00:13:10.760
Just think of the fetus as a baby seal. And then, you know, we'll take a different point.

129
00:13:10.760 --> 00:13:15.760
Another tyranny of the left is there are certain words other than the n-word or the h-o-word,

130
00:13:15.760 --> 00:13:21.760
ho, which are problematic, which have been taken away from us.

131
00:13:21.760 --> 00:13:28.760
For example, I often write mankind or he, and I find that when the article is published,

132
00:13:28.760 --> 00:13:34.160
When it's published, it's got person kind or he or she or something like that.

133
00:13:34.160 --> 00:13:38.360
Even authors such as myself that don't want to be politically correct are politically

134
00:13:38.360 --> 00:13:43.400
corrected by editors who won't allow certain words to be used.

135
00:13:43.400 --> 00:13:46.160
You have to keep inclusive language.

136
00:13:46.160 --> 00:13:50.960
Here's a great sentence that I read from one of my readings, quote, he or she must ask

137
00:13:50.960 --> 00:13:56.020
himself or herself whether his or her sense of style could ever allow himself or herself

138
00:13:56.020 --> 00:14:05.020
to write like this. That's what language would sound like if people were to follow this stuff.

139
00:14:05.020 --> 00:14:19.020
Then there are all sorts of words that have been stolen from us, liberal. I mean, liberal, classical liberal used to mean someone who was for free enterprise and personal liberties and against the foreign military aggression, and now it almost means the opposite.

140
00:14:19.020 --> 00:14:25.020
Even the word socialism has been taken from us, I understand, from experts in this field.

141
00:14:25.020 --> 00:14:27.020
Social justice.

142
00:14:27.020 --> 00:14:33.020
What is social justice? Well, social justice seems to be egalitarianism, so they're capturing two very good words.

143
00:14:33.020 --> 00:14:37.020
My response to that is, well, there are two kinds of social justice.

144
00:14:37.020 --> 00:14:43.020
One is socialism or communism or egalitarianism, and the other is justice applied to social issues,

145
00:14:43.020 --> 00:14:47.020
so you can take whatever position you want on that matter.

146
00:14:47.020 --> 00:14:53.020
My own school, Loyola University, New Orleans, calls itself Social Justice University.

147
00:14:53.020 --> 00:14:56.020
They even have a sweatshirt that says Social Justice University.

148
00:14:56.020 --> 00:14:59.020
Does that mean we should all teach egalitarianism and socialism?

149
00:14:59.020 --> 00:15:05.020
Well, if so, then the school is in even greater trouble than it has been because of Katrina.

150
00:15:05.020 --> 00:15:10.020
Environmentalism is another word that they've captured.

151
00:15:10.020 --> 00:15:17.020
Some of my colleagues say, well, let them have it. They're environmentalists. We're against environmentalism.

152
00:15:17.020 --> 00:15:24.020
But I like to try to capture these words back and say, well, they're coercive environmentalists. We're free market environmentalists.

153
00:15:24.020 --> 00:15:27.020
Just the way of trying to say you're an environmentalist.

154
00:15:27.020 --> 00:15:35.020
I remember one time some buddy of mine at a conference introduced me to a sister, and he said that she was a socialist, and she said that she was.

155
00:15:35.020 --> 00:15:41.020
And my response to her is, well, are you a voluntary socialist or a coercive socialist?

156
00:15:41.020 --> 00:15:49.020
And she never quite thought about it in that way. So at least I had a way of trying to engage her.

157
00:15:49.020 --> 00:15:53.020
Whereas if I would have said I'm against socialism, I think I would have lost her.

158
00:15:53.020 --> 00:16:00.020
What do I mean by voluntary socialism? You know, the kibbutz, the monastery, the nunnery.

159
00:16:00.020 --> 00:16:08.020
Even the average American family believes in one socialist tenet, namely, from each according to his ability into each according to his need.

160
00:16:08.020 --> 00:16:14.020
Certainly the six-year-old girl doesn't eat in accordance with her ability to produce, but rather in accordance with her need.

161
00:16:14.020 --> 00:16:17.020
So there's nothing wrong with this, provided it's done voluntarily.

162
00:16:17.020 --> 00:16:22.020
It's only bad if it's done coercively, which a lot of things are bad if they're done coercively.

163
00:16:22.020 --> 00:16:26.020
Gay used to be a perfectly good word. I'm a gay young blade.

164
00:16:26.020 --> 00:16:31.260
Now, if I said that, you know, my wife might wonder what's happening.

165
00:16:31.260 --> 00:16:33.300
Positive rights is another case, you know.

166
00:16:33.300 --> 00:16:37.140
Yes, we have a right not to be murdered, raped and stolen from, but we also have a right

167
00:16:37.140 --> 00:16:38.960
to food, clothing and shelter.

168
00:16:38.960 --> 00:16:40.100
But that's not a right.

169
00:16:40.100 --> 00:16:44.740
That's a privilege or a wealth or a demand for property redistribution.

170
00:16:44.740 --> 00:16:45.740
That's not a right.

171
00:16:45.740 --> 00:16:47.220
It's a very different kind of a right.

172
00:16:47.220 --> 00:16:51.020
Because my right not to be murdered implies that you just don't murder me.

173
00:16:51.020 --> 00:16:52.020
Negative rights.

174
00:16:52.020 --> 00:16:55.180
Whereas my right to food means that you've got to give me food or whatever it is that

175
00:16:55.180 --> 00:16:57.860
that I have a positive right toward.

176
00:16:57.860 --> 00:16:59.120
Diversity.

177
00:16:59.120 --> 00:17:01.740
This is something very popular in college campuses.

178
00:17:01.740 --> 00:17:03.460
We have to have diversity.

179
00:17:03.460 --> 00:17:08.700
We have to have blacks and whites and people with different skin colors and genders and

180
00:17:08.700 --> 00:17:09.940
sexual preferences.

181
00:17:09.940 --> 00:17:14.300
The only kind of diversity that you don't really need in a university is intellectual

182
00:17:14.300 --> 00:17:22.700
diversity because as long as we have a black, lesbian, disabled socialist and a white socialist,

183
00:17:22.700 --> 00:17:23.700
that's fine.

184
00:17:23.700 --> 00:17:28.700
I don't need anything else because we don't need intellectual diversity.

185
00:17:28.700 --> 00:17:31.140
Then this is red states and blue states.

186
00:17:31.140 --> 00:17:35.260
I always used to think red was commie and blue wasn't and now it's sort of reversed.

187
00:17:35.260 --> 00:17:39.180
So anytime anyone says that I have to sort of take five seconds out to realize what they're

188
00:17:39.180 --> 00:17:41.160
talking about.

189
00:17:41.160 --> 00:17:44.100
Another perversion of language.

190
00:17:44.100 --> 00:17:45.100
Get something for nothing.

191
00:17:45.100 --> 00:17:50.420
Somehow that's bad but entrepreneurship is an attempt to get something for nothing.

192
00:17:50.420 --> 00:17:52.580
What's wrong with getting something for nothing?

193
00:17:52.580 --> 00:17:56.380
It's wrong if you do it at the point of a gun or the point of a tax collector who has

194
00:17:56.380 --> 00:18:00.180
a gun, but it's not bad if it's done in voluntary trade.

195
00:18:00.180 --> 00:18:05.060
Every time two people trade something, they each get something for nothing, namely they

196
00:18:05.060 --> 00:18:11.080
make a profit because what they get is valued more by them than what they give up, otherwise

197
00:18:11.080 --> 00:18:14.060
they wouldn't make the trade.

198
00:18:14.060 --> 00:18:18.300
Another one is filthy rich, which seems to be a redundancy.

199
00:18:18.300 --> 00:18:19.300
If you're rich, you're filthy.

200
00:18:19.300 --> 00:18:21.500
The only way to get rich is through filth.

201
00:18:21.500 --> 00:18:29.580
Privileged. I love that word. He's privileged. It's a synonym for rich. But the only people

202
00:18:29.580 --> 00:18:34.020
that are really privileged are people that get privileges from the government. Whereas

203
00:18:34.020 --> 00:18:38.140
if you earn it honestly on the market, you're not privileged, you're just rich. And I resent

204
00:18:38.140 --> 00:18:45.340
the making of these two words, synonyms, privileged and rich. Unearned income. Only

205
00:18:45.340 --> 00:18:49.180
labor is an earned income. And if you invest, you're not earning something, you're not producing

206
00:18:49.180 --> 00:18:55.180
Well, this is part of the leftist culture with regard to language.

207
00:18:55.180 --> 00:18:59.180
Why do we have profiteers and not wageeers?

208
00:18:59.180 --> 00:19:03.180
We don't have wageeers. I guess nobody is greedy when they want to get a raise.

209
00:19:03.180 --> 00:19:06.180
But if you make too many profits, then there's developing countries.

210
00:19:06.180 --> 00:19:10.180
A lot of these countries aren't developing. They're retrogressing.

211
00:19:10.180 --> 00:19:17.180
Why can't we call them something accurate as opposed to, you know, wishful thinking?

212
00:19:17.180 --> 00:19:31.180
tax subsidies, the government is subsidizing you by not taxing you, this implies that they really own everything, and by allowing you to keep some of your own stuff, they're giving you your own stuff, which means that they really own it, which is crazy.

213
00:19:31.180 --> 00:19:38.500
Egalitarianism is another area over which the left exercises tyranny and they're always

214
00:19:38.500 --> 00:19:41.980
talking about we have to take money from rich and give it to the poor because then they

215
00:19:41.980 --> 00:19:46.620
draw you some sort of downward sloping marginal utility curve for those of you into economics

216
00:19:46.620 --> 00:19:53.100
which just means that a dollar, the last dollar that Bill Gates has he values much less than

217
00:19:53.100 --> 00:19:57.600
the last dollar some poor guy has so if you take a thousand bucks from Bill Gates you

218
00:19:57.600 --> 00:20:01.400
You heard him very little bit. If you give a thousand bucks to a starving guy, you help

219
00:20:01.400 --> 00:20:07.000
them to a great amount and therefore we should have redistribution of income.

220
00:20:07.000 --> 00:20:13.440
Well there are a lot of fallacies with this idea. Certainly interpersonal comparisons

221
00:20:13.440 --> 00:20:18.040
of utility. I mean this poor guy might be a bum and just spend it on more booze and be

222
00:20:18.040 --> 00:20:24.100
better off without it. You can't say for sure. But the attempt that I try with my friends

223
00:20:24.100 --> 00:20:29.000
on the left is a reductio ad absurdum. I say, okay, sure, sure, we want to redistribute

224
00:20:29.000 --> 00:20:34.960
from rich to poor, but why money? Money is not that important. Why not IQ points? If

225
00:20:34.960 --> 00:20:40.420
we had a machine and we took 15 IQ points from you smart lefty and gave it to some poor

226
00:20:40.420 --> 00:20:46.120
person in IQ, would you favor that? And that makes him hem and haw.

227
00:20:46.120 --> 00:20:52.660
And then there's, of course, follicle injustice. You know, some of us have more than our fair

228
00:20:52.660 --> 00:20:57.520
Dear share of hair follicles, gentlemen right here, this one here who needs, you know, we

229
00:20:57.520 --> 00:21:03.920
should transfer. That doesn't get them too much, but the IQ is better. Another one is

230
00:21:03.920 --> 00:21:08.440
a two-eyed person and a blind person. You take the eye out of one person and all you

231
00:21:08.440 --> 00:21:13.340
cost them is depth perception. Whereas the other guy, it's the difference between being

232
00:21:13.340 --> 00:21:17.580
totally blind and being able to see with one eye. And you ask them, well, would you give

233
00:21:17.580 --> 00:21:22.180
up your, how come you have two eyes, by the way? Why don't you give one of them away?

234
00:21:22.180 --> 00:21:23.180
How about your kids?

235
00:21:23.180 --> 00:21:26.340
Are you going to take an eye from your kid and give it to someone who's blind?

236
00:21:26.340 --> 00:21:34.240
And that sort of catches them, because that shows the logic of their argument.

237
00:21:34.240 --> 00:21:38.040
Another phrase that bugs me that comes from the left is that Bill Gates is now giving

238
00:21:38.040 --> 00:21:43.140
something back, because he's setting up charitable organizations.

239
00:21:43.140 --> 00:21:48.340
Well, that's true, but the implication is that when he was making his millions or billions

240
00:21:48.340 --> 00:21:50.380
or zillions, that he wasn't giving something back.

241
00:21:50.380 --> 00:21:58.900
He was giving something back then too. He was helping make the whole country have computers.

242
00:21:58.900 --> 00:22:05.580
And every time he did, he uplifted people. He sold someone a computer for 500 bucks.

243
00:22:05.580 --> 00:22:09.220
That means that the person valued it more than 500 bucks. Otherwise, why is he spending

244
00:22:09.220 --> 00:22:14.200
500 bucks? So every penny that you make as an honest businessperson is giving something

245
00:22:14.200 --> 00:22:19.780
back to society. You don't have to do your charity. That's nice. I'm not against private

246
00:22:19.780 --> 00:22:24.020
Charity. I'm in favor of private charity and some of it should be directed to the organizers

247
00:22:24.020 --> 00:22:29.940
of this conference, the Mises Institute. Hint, hint. But the point is I'm not against charity.

248
00:22:29.940 --> 00:22:34.520
I'm just against saying that only charity is giving something back. Business, commerce

249
00:22:34.520 --> 00:22:41.600
is giving something back to the community. Here are ways to be a good lefty. You have

250
00:22:41.600 --> 00:22:46.580
to be against capital punishment but support abortion on demand. You have to believe that

251
00:22:46.580 --> 00:22:50.860
You have to believe that business creates oppression and governments create prosperity. You have

252
00:22:50.860 --> 00:22:57.500
to believe that there was no art before federal funding. You have to believe that global temperatures

253
00:22:57.500 --> 00:23:01.340
are less affected by cyclical changes in the Earth's climate and more affected by soccer

254
00:23:01.340 --> 00:23:08.340
moms driving SUVs. By the way, the temperature of other planets is now rising. Neptune, Uranus,

255
00:23:08.820 --> 00:23:15.700
Mars. I guess they've got a lot of SUVs out there. You have to believe that AIDS virus

256
00:23:15.700 --> 00:23:20.260
is spread by the lack of federal funding. You have to believe that the same teacher

257
00:23:20.260 --> 00:23:24.180
who can't teach fourth graders how to read is somehow qualified to teach these kids about

258
00:23:24.180 --> 00:23:31.060
sex. These are all indications, I mean, these things are so deeply embedded in our culture

259
00:23:31.060 --> 00:23:35.660
that some of us, when we're not thinking, we say, yeah, yeah, that's right, but it's

260
00:23:35.660 --> 00:23:40.100
not right. This is lefty hooliganism or intellectual hooliganism.

261
00:23:40.100 --> 00:23:46.340
A lot of times when I watch a TV show like West Wing, which is a total left-ish sort

262
00:23:46.340 --> 00:23:51.240
of a thing, if I'm going to enjoy it at all, I have to spend my judgment.

263
00:23:51.240 --> 00:23:57.480
I have to say, you know, sort of think along the lines of those Democrat politicians.

264
00:23:57.480 --> 00:24:00.520
And I think that that's what we have to do sometimes with language.

265
00:24:00.520 --> 00:24:05.360
If we want to be part of the culture, we have to allow ourselves to take part in it, which

266
00:24:05.360 --> 00:24:13.160
which is insidious because it undermines our own more correct views.

267
00:24:13.160 --> 00:24:17.000
You have to believe that the NRA is bad because it supports certain parts of the Constitution

268
00:24:17.000 --> 00:24:22.000
while the ACLU is good because it supports other parts of the Constitution.

269
00:24:22.000 --> 00:24:26.040
You have to believe that taxes are too low but ATM fees are too high.

270
00:24:26.040 --> 00:24:28.400
I love that one.

271
00:24:28.400 --> 00:24:34.080
Another way to indicate tyranny of the left is from light bulb jokes, so please indulge

272
00:24:34.080 --> 00:24:39.600
How many socialists does it take to change a light bulb?

273
00:24:39.600 --> 00:24:43.120
One to petition the Ministry of Light for a bulb, 50 to establish the state production

274
00:24:43.120 --> 00:24:48.200
quota, 200 militia to force the factory unions to allow production of the bulb, and one to

275
00:24:48.200 --> 00:24:56.580
surreptitiously dial an 800 number and order an American light bulb.

276
00:24:56.580 --> 00:24:59.080
How many Bill Clintons does it take to change a light bulb?

277
00:24:59.080 --> 00:25:00.080
He doesn't.

278
00:25:00.080 --> 00:25:10.080
How many lefties does it take to screw in a lightbulb? None. They just thought of coping with darkness support group.

279
00:25:10.080 --> 00:25:20.080
How many feminists does it take to change a lightbulb? That's not funny.

280
00:25:20.080 --> 00:25:29.080
Let me read a quote or two from my buddy Hillary. Don't even have to say what her last name is. Here she is.

281
00:25:29.080 --> 00:25:36.080
The unfettered free market has been the most radically destructive force in American life in the last generation.

282
00:25:36.080 --> 00:25:41.080
What free enterprise in the last generation? It's been mixed economy.

283
00:25:41.080 --> 00:25:45.080
We just can't trust the American people to take these types of decisions regarding health care.

284
00:25:45.080 --> 00:25:49.080
Government has to make these choices for people.

285
00:25:49.080 --> 00:25:53.080
Well, that's Hillary. If we get Hillary, government will choose for you.

286
00:25:53.080 --> 00:25:58.080
You don't have to worry about things. Government will take care of everything.

287
00:25:58.080 --> 00:26:01.080
We can't afford to have that money go to the private sector.

288
00:26:01.080 --> 00:26:07.080
The money has to go to the federal government because the federal government will spend that money better than the private sector will spend it.

289
00:26:07.080 --> 00:26:11.080
Isn't that tyrannical that they know how to spend it better than us?

290
00:26:11.080 --> 00:26:13.080
It's very paternalistic.

291
00:26:13.080 --> 00:26:17.080
They know how better to spend the money for us than we do.

292
00:26:17.080 --> 00:26:23.080
Well, if they know so much, why are they entrusting us with the vote in the first place?

293
00:26:23.080 --> 00:26:27.080
I mean, how are we smart enough to vote if we're not smart enough to spend our own money?

294
00:26:27.080 --> 00:26:31.080
It's a little bit of an incompatibility.

295
00:26:31.080 --> 00:26:35.080
Let me, what time do I go until?

296
00:26:35.080 --> 00:26:39.080
So I've got ten minutes. Let me just very briefly mention

297
00:26:39.080 --> 00:26:43.080
two other things that are sort of pet peeves of mine with regard to the left.

298
00:26:43.080 --> 00:26:47.080
One is unions and the other is minimum wages.

299
00:26:47.080 --> 00:26:51.080
Now, it's theoretically possible to have a

300
00:26:51.080 --> 00:26:55.080
legitimate union. If the union limited itself

301
00:26:55.080 --> 00:26:58.080
of two en masse quits, or the threat thereof.

302
00:26:58.080 --> 00:27:01.080
And my view is that if you have a right to do something, you have a right to threaten it.

303
00:27:01.080 --> 00:27:04.080
If you have a right to threaten it, you have a right to do it. The two go together.

304
00:27:04.080 --> 00:27:07.080
So if a union member went to the boss and said,

305
00:27:07.080 --> 00:27:11.080
OK, boss, look, you're unfair, the working conditions are lousy,

306
00:27:11.080 --> 00:27:15.080
the salary is no good, give us a raise, or we all walk off the job,

307
00:27:15.080 --> 00:27:17.080
would that be legitimate? Yes.

308
00:27:17.080 --> 00:27:20.080
If one person has a right to quit, and if he doesn't, he's a slave,

309
00:27:20.080 --> 00:27:23.080
then everyone has a right to quit because you don't lose your rights

310
00:27:23.080 --> 00:27:35.080
And if that's all unions did, and it's not, then the libertarian would not have very much to say against unionism, except maybe it's economically inefficient.

311
00:27:35.080 --> 00:27:45.080
But unions do one other thing. And I'm not talking about destruction of the factory, which is unusual because they don't really want to destroy the factory, otherwise they have no place to go back to work.

312
00:27:45.080 --> 00:27:55.740
work. But what they do is they beat up scabs. Sometimes physically that's the blue collaway,

313
00:27:55.740 --> 00:28:00.200
sometimes the way they beat up scabs is the white collaway getting a Wagner Act or a Taft-Hartley

314
00:28:00.200 --> 00:28:05.460
Act passed which compels the employer to deal with the union whether he wants to or not.

315
00:28:05.460 --> 00:28:11.540
Look suppose we applied this same logic to divorce. That means I divorce my wife and

316
00:28:11.540 --> 00:28:15.340
And I get my buddies to surround her house and if she tries to date anyone else, we beat

317
00:28:15.340 --> 00:28:16.340
them up.

318
00:28:16.340 --> 00:28:21.700
Now, it's one thing to divorce your wife, okay, it's a tragedy, a personal tragedy,

319
00:28:21.700 --> 00:28:30.200
but you're certainly not allowed to preclude competition as unions are allowed to do.

320
00:28:30.200 --> 00:28:35.880
One of the worst things that unions do is they're sort of like a tapeworm.

321
00:28:35.880 --> 00:28:37.540
They sort of gobble up the extra profits.

322
00:28:37.540 --> 00:28:43.300
The logic of the market is that if somehow wristwatches, there's more profit in wristwatches

323
00:28:43.300 --> 00:28:48.600
and profits go up in wristwatches, capital is supposed to float into the wristwatch area.

324
00:28:48.600 --> 00:28:52.680
And if all that happens is that the wristwatch employees get more money, well then the system

325
00:28:52.680 --> 00:28:54.880
doesn't really work.

326
00:28:54.880 --> 00:28:56.740
Unions are like a tapeworm.

327
00:28:56.740 --> 00:28:59.340
Just look at the Rust Belt.

328
00:28:59.340 --> 00:29:06.760
Vast areas of productive capacity just gone to naught because of grasping unions.

329
00:29:06.760 --> 00:29:13.020
One of the worst things that unions do though is they promulgate the minimum wage. Now some

330
00:29:13.020 --> 00:29:16.420
people think the minimum wage is like a floor under wages and the higher it is the higher

331
00:29:16.420 --> 00:29:22.600
wages go. Nonsense. If you want to use an analogy, the best analogy is the minimum wage is a

332
00:29:22.600 --> 00:29:27.280
barrier over which you have to jump to get a job and the higher it is, the harder it

333
00:29:27.280 --> 00:29:33.520
is to get a job. If the minimum wage was 25 an hour, there'd be vast unemployment. If

334
00:29:33.520 --> 00:29:37.060
If it was $100 an hour, they'd be stupendous unemployment.

335
00:29:37.060 --> 00:29:41.860
If the minimum wage law is such a great idea, why do even the lefties agree with the idea

336
00:29:41.860 --> 00:29:43.080
of having exceptions?

337
00:29:43.080 --> 00:29:46.680
For example, a teenage minimum wage during the summer to hire teenagers?

338
00:29:46.680 --> 00:29:51.240
I mean, if it really raises wages, why are they having an exception?

339
00:29:51.240 --> 00:29:55.660
We don't have any exceptions to laws of murder and rape and theft.

340
00:29:55.660 --> 00:29:59.000
If it's as they say, then they should not have exceptions.

341
00:29:59.000 --> 00:30:02.820
Another exception they have is for mentally handicapped people.

342
00:30:02.820 --> 00:30:08.060
It was learned that even mentally handicapped people need a job and they can somehow sense

343
00:30:08.060 --> 00:30:12.940
the difference between a make-work job and a job where people are relying on them.

344
00:30:12.940 --> 00:30:16.980
And when they passed the first minimum wage, all of a sudden, nobody hired any mentally

345
00:30:16.980 --> 00:30:18.700
handicapped people.

346
00:30:18.700 --> 00:30:19.700
So they had an exception.

347
00:30:19.700 --> 00:30:24.300
Well, again, if you're going to have an exception, that indicates that you don't really think

348
00:30:24.300 --> 00:30:28.540
it's raising wages, rather you realize that it's a barrier over which you have to jump

349
00:30:28.540 --> 00:30:31.180
to get a job.

350
00:30:31.180 --> 00:30:36.180
Why do unions want to do this? Because highly skilled workers are in competition with low skilled workers.

351
00:30:36.180 --> 00:30:41.180
When the union wants a raise wage from 25 to 30, the first thought of the employer is,

352
00:30:41.180 --> 00:30:45.180
well, one of my factors of production is suddenly a little bit more expensive.

353
00:30:45.180 --> 00:30:49.180
I'll substitute to another one. And what's a substitute for high skilled workers?

354
00:30:49.180 --> 00:30:52.180
Well, many more unskilled workers.

355
00:30:52.180 --> 00:30:59.180
Similarly, if you're producing rowboats and the cost of wood goes up, you switch to plastic or vice versa.

356
00:30:59.180 --> 00:31:02.180
and the Natural Tendency of the Market.

357
00:31:02.180 --> 00:31:08.180
Well, this leads me to conclude that the left has got a lot of tyrannical stuff going on.

358
00:31:08.180 --> 00:31:11.180
Well, thanks for your kind attention. It was a pleasure.
