WEBVTT NOTE Environmental Problems: Free Market Solutions 1 00:00:00.000 --> 00:00:16.000 Dr. Block, Dr. Walter Block, has been a senior research alum at the Fraser Institute in Vancouver, British Columbia, and Director of the Center for the Study of Economics and Revention. 2 00:00:16.000 --> 00:00:25.000 This week, he moved to Massachusetts, where he will assume the position of Professor of Economics at Holy Cross College. 3 00:00:25.000 --> 00:00:40.000 Dr. Block is a political author on scholarly articles on economics. He is a regular contributor to the Financial Post and writes a syndicated column for certain newspapers. 4 00:00:40.000 --> 00:00:50.000 Dr. Block is also an economic commentator on national television and radio. He also lectures widely on public policy issues. 5 00:00:50.000 --> 00:00:57.000 When we found out he published a book called Economics and the Environment, A Reconciliation, 6 00:00:57.000 --> 00:01:07.000 we decided he would be the perfect choice for sharing with us his perspective of how environmental problems may be addressed through the free market. 7 00:01:07.000 --> 00:01:11.000 Please join me in welcoming Dr. Ludwig. 8 00:01:11.000 --> 00:01:41.000 Thanks for the kind introduction. We face great environmental dangers. These dangers fit equally in amongst the top problems facing us. War, disease, starvation, pestilence, drugs. It might even be contended that the environmental problems are as dangerous as all of them, perhaps even as all of them, 9 00:01:41.000 --> 00:01:52.000 At risk are air, ozone, greenhouse effect, deserts, water, species extinction, oil spills, hazardous wastes, all this goes on and on. 10 00:01:52.000 --> 00:02:00.000 I'd like to share with you on a personal note several perspectives that caught me interested in the problem originally, 11 00:02:00.000 --> 00:02:04.000 or that indicate the perspective from which I approach it. 12 00:02:04.000 --> 00:02:10.000 One of them was an insult to the great city of Los Angeles that I was there several years ago, 13 00:02:10.000 --> 00:02:15.000 The theory started coming out of my head, and I wasn't particularly unhappy with it. 14 00:02:15.000 --> 00:02:17.000 It's just that the air hurt. 15 00:02:17.000 --> 00:02:21.000 You know, when the air hurts, there's something weird going on. 16 00:02:21.000 --> 00:02:27.000 And there are places in Southeast Asia where people wear gas masks just to go out and walk with dogs. 17 00:02:27.000 --> 00:02:32.000 And it was right along the lake here we caught fire. 18 00:02:32.000 --> 00:02:36.000 Now I don't know where you come from, but where I come from, lakes aren't supposed to catch fire. 19 00:02:36.000 --> 00:02:39.000 I mean, we don't know who's our new daughter there. 20 00:02:39.000 --> 00:02:41.000 Maybe it's some sort of magical potion. 21 00:02:41.000 --> 00:02:43.000 But it's a weird experience. 22 00:02:43.000 --> 00:02:47.000 And then there was this great cartoon I saw in New Yorker magazine 23 00:02:47.000 --> 00:02:49.000 where there was this mother and daughter. 24 00:02:49.000 --> 00:02:51.000 This little girl was maybe 10 years old. 25 00:02:51.000 --> 00:02:53.000 She was eating in an outdoor restaurant. 26 00:02:53.000 --> 00:02:55.000 And the idea of the caption would say something like, 27 00:02:55.000 --> 00:02:56.000 from the mother, 28 00:02:56.000 --> 00:02:59.000 hurry up and get her to the daughter agency before it gets cold. 29 00:02:59.000 --> 00:03:04.000 No, the caption was, hurry up and get her to the agency before it gets dirty. 30 00:03:04.000 --> 00:03:23.000 Given these environmental problems, a whole environmental movement has arisen to address them, but it is a weakness of this mainstream environmental movement. It doesn't cover the entire possible political-economic spectrum. 31 00:03:23.000 --> 00:03:37.000 I don't say it's limited to the views of these following people, such as Leslie Brown, David Suzuki, Barry Conner, Paul Ehrlich, Tom Hayden, Earl Sreep, Don Vend, John Denver, Raul Baldwin, Ruth Mann, Ralph Nader, Jeremy Griffin, Paul E. Moyer. 32 00:03:37.000 --> 00:03:45.000 It's not limited to these people, but certainly these people have been nominating the dialogue on this issue. 33 00:03:45.000 --> 00:03:50.360 And I think if we're going to maximize our chances of reducing or solving environmental problems, 34 00:03:50.360 --> 00:03:54.040 a section of dialogue should search all the way for these people, 35 00:03:54.040 --> 00:03:57.800 to such people as Adam Smith or Milton Friedman or Friedrich Hayek, 36 00:03:57.800 --> 00:04:01.320 people associated with the free enterprise point of view. 37 00:04:01.320 --> 00:04:05.160 Then there would be more options, and there's a better chance of success. 38 00:04:05.160 --> 00:04:10.040 I'm here today to present a free enterprise perspective on environmental problems. 39 00:04:10.040 --> 00:04:13.800 My claim is that environmental problems are created by socialism, 40 00:04:13.800 --> 00:04:20.800 by Government Interventionism, and then the cure of environmental problems is free enterprise and capitalism. 41 00:04:20.800 --> 00:04:25.800 But before I go into this analysis, I want to consider who the other ball players are, 42 00:04:25.800 --> 00:04:29.800 because sometimes you can't tell who the two dinosaur are. 43 00:04:29.800 --> 00:04:34.800 And I've divided the group into four aspects. 44 00:04:34.800 --> 00:04:37.800 First, about the innocents. 45 00:04:37.800 --> 00:04:41.800 I guess I include my own children, who are now age 13 and 11, 46 00:04:41.800 --> 00:04:45.800 and they come home from school and you know, daddy, this is not far and nearly sound, 47 00:04:45.800 --> 00:04:48.800 cut this out, your car smokes too much from the exhaust. 48 00:04:48.800 --> 00:04:55.800 They get stuck at school, and pretty much it's indicative of what's going on on TV, 49 00:04:55.800 --> 00:04:59.800 or the newspapers, or John Landry's view of our economy. 50 00:04:59.800 --> 00:05:04.800 It's mainly that greed or the marketplace is responsible for the environmental problem. 51 00:05:04.800 --> 00:05:10.800 But these are innocent people, and I think the average person in the street is pretty much innocent of anything on this. 52 00:05:10.800 --> 00:05:31.800 Then there are the two groups that I call the leading socialists. The first one are the Marxists. These are five of the old Marxists who have seen their ideal, their life's dream, their life's ambition and come and conquer on the other side of what used to be the Iron Curtain. 53 00:05:31.800 --> 00:05:44.800 They're true believers, they want socialism, they don't trust an individual initiative or anything like that or an individual responsibility, they want the state to control our lives, they see that red socialism is no good, so they become green socialists. 54 00:05:44.800 --> 00:05:52.800 These are the people I call the water gnomes. They're green on the outside, but they're still red on the inside. 55 00:05:52.800 --> 00:06:09.800 The second group that we're in, social rights, the rabble of tree-lovers, the eco-terrorists, the maniacs, the human-magers, these are the people that say trees have rights, trees have as many rights as people, what do you mean cutting down a tree, how do you like to be cut down? 56 00:06:09.800 --> 00:06:20.800 These are the people that throw blood at women who wear fur coats, these are the people that advocate bombing of vans and other such like activities. 57 00:06:20.800 --> 00:06:27.800 No, I'm not really a big fan of the red socialists. They killed millions of people, but at least they were sort of pro-human. 58 00:06:27.800 --> 00:06:34.800 The reason that they did this was because in a very early leading way, they wanted to promote the human condition. 59 00:06:34.800 --> 00:06:38.800 They thought socialism was the best way to do it. But these green socialists, they have something else. 60 00:06:38.800 --> 00:06:47.800 I mean, they see human beings as burdening. There are some, you know, wild quotes from this group to the effect that the humans are like a virus. 61 00:06:47.800 --> 00:07:07.800 The fourth group I think are people like myself, I hope people like in the audience here, who don't blame the market for environmental problems, but who want to see in the market at least a potential solution. 62 00:07:07.800 --> 00:07:11.800 Let me read two very brief quotes from the Green Socialists. 63 00:07:11.800 --> 00:07:16.800 One is, who was talking about the contamination near the city beaches. 64 00:07:16.800 --> 00:07:21.800 I think the motivation is to read, you know, not caring about the planet, not caring about the ocean, 65 00:07:21.800 --> 00:07:26.800 and not caring about the people who live on the planet and only use the ocean. Read. 66 00:07:26.800 --> 00:07:28.800 Another quote. 67 00:07:28.800 --> 00:07:32.800 They would rather rape the environment and make a lot of money for themselves than not rape the environment, 68 00:07:32.800 --> 00:07:53.800 Fortunately, however, there are already strong signs that the market philosophy is being incorporated into environmental thinking to some small degree. 69 00:07:53.800 --> 00:08:03.800 I've mentioned this with groups like the Nation Conservancy, Dox Unlimited, Audubon Society and Sierra Club. They don't get A plus marks, so this is not an F either. 70 00:08:03.800 --> 00:08:09.800 They've realized that you can't buy a politician. You need to own your red line. 71 00:08:09.800 --> 00:08:21.800 Now this year you're getting a pay off or a higher pay off and, oh yes, they've reincluded you. Next year something else is more sexy and more involved. What the hell with the environment. 72 00:08:21.800 --> 00:08:28.800 So they realize that if they want to protect and preserve the environment and the environment themselves, they can't rely on the political sphere. 73 00:08:28.800 --> 00:08:34.800 So instead of asking the government to buy woodlands, wetlands, et cetera, et cetera, they may buy it themselves. 74 00:08:34.800 --> 00:08:40.800 They may voluntarily raise some food public, which is in the old capitalist voluntary tradition. 75 00:08:40.800 --> 00:08:47.800 There was an amazing story on the Audubon Society with the Rain National Forest Reserve right here in Louisiana. 76 00:08:47.800 --> 00:08:54.800 Now, guess what was discovered on the green forests of the earth? Natural gas alone. 77 00:08:54.800 --> 00:09:00.800 And you'd think that the ordinary barnacles, say oil, gas, yacht, you know, that sort of stuff, were against it. 78 00:09:00.800 --> 00:09:04.800 But, because they owned it, their incentives were very different. 79 00:09:04.800 --> 00:09:10.800 They realized that if they developed it in a way that would not harm their holdings, 80 00:09:10.800 --> 00:09:16.800 they would then be able to have more than millions of four acres of gold, and that's exactly what they did. 81 00:09:16.800 --> 00:09:25.800 Whereas had that been a public reserve, how can bet your boots they'd be down in Washington and testify, oh no, no, let's never develop any oil and gas or anything. 82 00:09:25.800 --> 00:09:31.800 The hell with civilization in effect, it was actually a bond gas name. 83 00:09:31.800 --> 00:09:35.800 Well, my orientation is to try to reconcile economics and the environment. 84 00:09:35.800 --> 00:09:39.800 That's the title of our book, Economics and the Environment, Reconciliation. 85 00:09:39.800 --> 00:09:51.800 What I'm going to do is use economic means to achieve environmental ends. 86 00:09:51.800 --> 00:09:59.800 And the best way to introduce economic means by generating a crisis is by using street signs. 87 00:09:59.800 --> 00:10:05.800 Street signs are very important. We take them for granted all too often. 88 00:10:05.800 --> 00:10:14.800 And yet our lives would be unmanageable without the money. Imagine coming to a certain city and trying to make a way around it. It would be all but impossible. 89 00:10:14.800 --> 00:10:22.800 There are stories in medieval times when a town was surrounded by an invading army. What they would do is take down the streets on them. 90 00:10:22.800 --> 00:10:28.800 On the ground that the local folk knew how to get around them, the invading army would be rendered helpless. 91 00:10:28.800 --> 00:10:35.200 Not by Boehm's powers, but by taking away street signs, which on the indirecting side-posts of the Geography. 92 00:10:35.200 --> 00:10:44.800 Well, the reason I'm going on and on about street signs is because there's an analogy between street signs, geography, and prices to the... 93 00:10:45.800 --> 00:10:47.800 What are you doing to me? 94 00:10:48.800 --> 00:10:51.800 Oh, okay. I'll carry on. 95 00:10:51.800 --> 00:11:02.800 There's an analogy between street signs and geography, or urban geography, or the geography in general, and prices to the economy. 96 00:11:02.800 --> 00:11:08.800 But just as we have to have accurate prices, not any old street signs will do. 97 00:11:08.800 --> 00:11:16.800 If some genie snuck in in the middle of the night and changed old street signs in an arbitrary way, it would be no better than no street signs at all. 98 00:11:16.800 --> 00:11:35.800 Let me give you an example of a subunit union in an early area where I haven't had some data on, moving on to crisis, to show what kind of lousy students I've got there with their economy. 99 00:11:35.800 --> 00:11:57.800 There are five people at each course dinner who won $14. A month's rent, $3.00. A bread, $0.03. A car, $100,000. I don't have a good car. I mean a Lodge. A TV, $10,000. A pair of jeans, $1,000. 100 00:11:57.800 --> 00:12:05.300 That's why the Soviet athletes all day buy jeans, not because they have sped-ish jeans, but because they know it's the princesses' weekend. 101 00:12:05.300 --> 00:12:12.300 In Bulgaria, it costs $14 a ton of steel. The price of steel is $100 a ton. 102 00:12:12.300 --> 00:12:21.300 A 250-mile trip by air is $1. The cost of a bus ticket is less than the cost of printing the ticket. 103 00:12:21.300 --> 00:12:29.300 The mortgage rate is 2% and this is in an inflationary period of 100%. So it's minus 98% in effect. 104 00:12:29.300 --> 00:12:37.300 Microwave oven, 10,000 lev. Average salary, 600 lev per month. 105 00:12:37.300 --> 00:12:46.300 So with price signals like this, it's no source of amazement that the whole use of the banking company has gone include. 106 00:12:46.300 --> 00:12:54.300 In the USSR and the East of Europe, I can't see to what's happening now, these notes were written six months ago or a year ago, and things are changing now. 107 00:12:54.300 --> 00:12:59.300 But as of a year ago, there was a misallocation of economic resources. 108 00:12:59.300 --> 00:13:06.300 But in the United States and the rest of the world, we have a misallocation of environmental resources. 109 00:13:06.300 --> 00:13:11.380 Because our prices are a little bit of a different story. 110 00:13:11.380 --> 00:13:13.900 Our environmental prices are socialistic prices. 111 00:13:13.900 --> 00:13:17.380 They're not based on free enterprise. 112 00:13:17.380 --> 00:13:20.540 So the solution to the problem is to have private property 113 00:13:20.540 --> 00:13:24.020 rights, which lead to accurate prices, which 114 00:13:24.020 --> 00:13:26.380 guide us in a rational manner. 115 00:13:26.380 --> 00:13:29.100 But problems in the environment, non-intrinsic to the market, 116 00:13:29.100 --> 00:13:32.380 they're due to non-market institutional arrangements. 117 00:13:32.380 --> 00:13:34.460 Now, I could stop right here, because that's 118 00:13:34.460 --> 00:13:36.220 all I have to say. 119 00:13:36.220 --> 00:13:42.220 The rest of it is just illustrations, but I think I'll give you a little bit of instructions 120 00:13:42.220 --> 00:13:45.220 just so you don't get me on the bones. 121 00:13:45.220 --> 00:13:51.220 What I would really like to do, if I had three hours, would be to go into detail over the following problems. 122 00:13:51.220 --> 00:13:59.220 Air pollution, hazardous waste, plastic, tigers, nukes, bugs in the house, forests, seigees, 123 00:13:59.220 --> 00:14:04.220 and also the Reimars effect, ozone layer, overpopulation. 124 00:14:04.220 --> 00:14:11.220 But we're severely constrained for time, so what I'm going to do is to take one of these cases, plastic on the plastic, 125 00:14:11.220 --> 00:14:17.220 and to do something in depth and then take two or three others and give you a thumbnail section 126 00:14:17.220 --> 00:14:22.220 of how I would proceed with this kind of analytic perspective. 127 00:14:22.220 --> 00:14:32.220 The reason I'm so hot-blooded about classics is because I was very hot when I found that McConnell was holding in Moscow. 128 00:14:32.220 --> 00:14:41.220 I mean, to me, this was a real indication of capitalist Western success. I mean, like, more encapsulates our way of life than McConnell's. 129 00:14:41.220 --> 00:14:47.220 I mean, my kids swear on it. They, you know, I'm sure their children and grandchildren also swear on McConnell's. 130 00:14:47.220 --> 00:15:02.220 So they opened up New Orleans and Moscow, and this was a joyous experience. However, did you people know that there are many towns and villages in the United States that enter the free home of the brave, where they will not allow involvement? 131 00:15:02.220 --> 00:15:15.220 Or at least, they would not let involvement come back, but about a year ago, on the plastics. They would not allow involvement because they engaged in using sarcoma plastics, and this was seen as an abomination. 132 00:15:15.220 --> 00:15:19.220 That's why I'm wanting to use this as an illustration. 133 00:15:19.220 --> 00:15:23.220 So what I'm going to assume for the sake of our engine, and later on I'll take that back, 134 00:15:23.220 --> 00:15:28.220 is that plastics are as evil as anyone has ever said they are when you go all this up. 135 00:15:28.220 --> 00:15:34.220 Plastics are from all those kinds of products, so they're environmentally unfriendly, they're non-biodegradable, 136 00:15:34.220 --> 00:15:39.220 they're toxic waste, they're, you know, they're real bad stuff. 137 00:15:39.220 --> 00:15:43.220 And I want you to come along with me in a following that goes on. 138 00:15:43.220 --> 00:15:56.220 Assume that you've gone shopping for the local supermarket, they've loaned up your purchases, you've paid for it, and now they ask you that inevitable $64,000 dollar question. 139 00:15:56.220 --> 00:16:16.220 We're going to put ourselves in the place of the person in that position, and we're going to ask what motivations attach to that person, and right now there's only one motivation. 140 00:16:16.220 --> 00:16:22.220 Healing for Alpha, Music for Creatures, Love for the Planet, something like that. 141 00:16:22.220 --> 00:16:25.220 In other words, if you're a nice dog, you'll take the paper. 142 00:16:25.220 --> 00:16:31.220 And if you're as a rotten sample, as you guys are, you'll take the plastic. 143 00:16:34.220 --> 00:16:37.220 But we know what Atkinson said about benevolence. 144 00:16:37.220 --> 00:16:41.220 He said benevolence is not the benevolence that the butcher and the baker can't signal 145 00:16:41.220 --> 00:16:44.220 because the product is rotten, wrongly added selfishness. 146 00:16:44.220 --> 00:16:53.220 Now I'm not putting benevolence against self-interest, I'm saying if this is a serious problem, and it is, then it behooves us to look for energy and motivation. 147 00:16:53.220 --> 00:16:58.220 But I'm not knocking benevolence, I think benevolence gets the moves of the world. 148 00:16:58.220 --> 00:17:06.220 I mean, our churches, our society, this organization is based on benevolence, this is a voluntary organization. 149 00:17:06.220 --> 00:17:12.220 So that's all in the well and good, and I'm in favor of benevolence, I don't want you to say anyone is anti-benevolent. 150 00:17:12.220 --> 00:17:19.220 However, I think it would be nice if we also had some dishes that are better off, but we don't. 151 00:17:19.220 --> 00:17:27.220 Why not? Well, let's go into the economics of it. The economics of it are, as I included in my chapter to this book, 152 00:17:27.220 --> 00:17:37.220 that it costs, say, just for illustration purposes, it costs a penny to produce a paper bag and it costs a penny to produce a plastic bag. 153 00:17:37.220 --> 00:17:43.220 And you go scratching your head, well, it's a penny versus a penny, so you have no economic incentive whatsoever. 154 00:17:43.220 --> 00:17:49.220 Why is this? Why is the crisis then? Remember that? Why is the crisis so lousy? 155 00:17:49.220 --> 00:17:54.220 Why is it such a lousy, no-good, god-imposed? Here's a crucial problem. 156 00:17:54.220 --> 00:17:58.220 The crisis is slowly coming to an end, and it's saying, we can't help you. 157 00:17:58.220 --> 00:18:04.220 I mean, I feel crisis should be that it would cost 20 bucks for the plastic bag, right? 158 00:18:04.220 --> 00:18:10.220 And a penny for a paper bag, and then everyone would be led to sit by invisible hands and shoot a paper bag. 159 00:18:10.220 --> 00:18:15.220 That cost of evidence would solve the problem, but it's not working. Why isn't it working? 160 00:18:15.220 --> 00:18:19.220 I'll give you one guess. The answer is, socials. 161 00:18:19.220 --> 00:18:25.220 Socialism in a coincide-on-the-way area, namely, garbage disposal. 162 00:18:25.220 --> 00:18:30.220 Right now we have socialized garbage disposal. 163 00:18:30.220 --> 00:18:37.220 The government says, in effect, to us, okay, well, how much is it going to cost for us to cart away all your garbage? 164 00:18:37.220 --> 00:18:41.220 How much will it cost, say, a thousand bucks, just to figure it out? 165 00:18:41.220 --> 00:18:46.220 Okay, well, we'll tax you guys a thousand bucks, forget about the fact that we have a budget deficit. 166 00:18:46.220 --> 00:18:51.220 We'll tax the whole thing, and then we'll give you these services for free. 167 00:18:51.220 --> 00:18:53.220 You pay for it, too. 168 00:18:53.220 --> 00:18:58.220 We've got the freeways, only they shouldn't be called taxways. They're not freeways, they're taxways. 169 00:18:58.220 --> 00:19:00.940 Well, garbage is not a free way, it's a tax way. 170 00:19:00.940 --> 00:19:03.700 They collect money from you and then give it to you for free. 171 00:19:03.700 --> 00:19:07.340 So you have all the economic incentives to do anything. 172 00:19:07.340 --> 00:19:09.140 How would it be under the Korean Cross? 173 00:19:09.140 --> 00:19:13.300 How would it be if we privatized solid waste management 174 00:19:13.300 --> 00:19:15.780 or garbage disposal industry? 175 00:19:15.780 --> 00:19:17.780 OK, now, if you think about the mental discernment 176 00:19:17.780 --> 00:19:19.940 for the moment in the supermarket checkout camera, 177 00:19:19.940 --> 00:19:22.980 you now own a couple of hundred acres, 178 00:19:22.980 --> 00:19:28.140 and you're thinking of going into business as a dump site owner. 179 00:19:28.140 --> 00:19:32.740 OK, but we're still saying that plastics is the sky which will be earth. 180 00:19:32.740 --> 00:19:35.580 And you're kind of playing the paper and plastic question. 181 00:19:35.580 --> 00:19:39.900 And you say to yourself, well, plastic is bad news, Charlie. 182 00:19:39.900 --> 00:19:42.380 If I have a lot of plastic in my property, 183 00:19:42.380 --> 00:19:44.140 I'll have to be able to grow anything here. 184 00:19:44.140 --> 00:19:45.820 So I won't have to be able to live here. 185 00:19:45.820 --> 00:19:47.460 It's just an abomination. 186 00:19:47.460 --> 00:19:49.180 Will I have a lot of plastic? 187 00:19:49.180 --> 00:19:50.100 Sure. 188 00:19:50.100 --> 00:19:52.780 If you're effective, I'm able to stay here now. 189 00:19:52.780 --> 00:19:55.540 You want to make a lot of profits. 190 00:19:55.540 --> 00:19:58.100 So you charge what a customer feels. 191 00:19:58.100 --> 00:20:02.180 As close as you figure out, and again, this is just a number for illustration purposes, 192 00:20:02.180 --> 00:20:09.300 that the real true cost of putting one plastic bag in your earth will be $5. 193 00:20:09.300 --> 00:20:13.380 Well, that's what the price of disposing of a plastic bag will end up being. 194 00:20:13.380 --> 00:20:16.340 You can't get more than that because of competition. 195 00:20:16.340 --> 00:20:23.820 The true cost is only $5, and you charge $6, and someone else on the division will go down to $5, $95, $98, go down to $5. 196 00:20:23.820 --> 00:20:29.020 You won't charge us in $5 to use the true costs to you on $5. 197 00:20:29.020 --> 00:20:35.620 So when the codder, that is the trucker who goes from home to the car design to the car design, comes to you, 198 00:20:35.620 --> 00:20:41.020 he says, I'll take all the costs if you want, and a charge of $5 each. 199 00:20:41.020 --> 00:20:46.920 He goes to the homeowner and says, homeowner, sure, I'll take all that cost, any cost if you want it. 200 00:20:46.920 --> 00:20:48.320 Makes no difference to me. 201 00:20:48.320 --> 00:20:50.520 $5 a shot. 202 00:20:50.520 --> 00:20:53.520 And now let's get back to our original middle experiment. 203 00:20:53.520 --> 00:20:55.520 We're back in the supermarket shipping as a counter. 204 00:20:55.520 --> 00:20:59.520 Only now we have a very, very, very different economic analysis. 205 00:20:59.520 --> 00:21:01.520 Remember before it was a penny versus a penny. 206 00:21:01.520 --> 00:21:06.520 Well, it's still the third penny versus penny to buy the bloody things. 207 00:21:06.520 --> 00:21:07.520 Right? 208 00:21:07.520 --> 00:21:13.520 But now the paper is a penny to buy, a penny to dispose of for a grand total of two cents. 209 00:21:13.520 --> 00:21:19.520 Where the plastic is a penny to buy and five bucks to dispose of for a grand total of five or one. 210 00:21:19.520 --> 00:21:28.520 Now, is there anyone here who doubts that the whole concept will go away if that was the dress we were basically at the end of the system market, China, China China? 211 00:21:28.520 --> 00:21:30.520 Of course all will probably go away. 212 00:21:30.520 --> 00:21:33.520 I'm not saying that no one ever would use plastic bags. 213 00:21:33.520 --> 00:21:37.520 I was in the hospital last month for knee surgery, I mean, serious. 214 00:21:37.520 --> 00:21:43.520 And they had a plastic bag, they were dripping stuff into my elbow. 215 00:21:43.520 --> 00:21:48.520 Well, those kind of plastic bags will be used because their value presumably is more than my elbow. 216 00:21:48.520 --> 00:21:54.520 We use it more than one of us than a penny. 217 00:21:54.520 --> 00:21:59.520 It's worth more than one of us than a penny rather than five of us. 218 00:21:59.520 --> 00:22:07.520 Okay, that is the area of the illustration that I want to go into in some depth. 219 00:22:07.520 --> 00:22:11.520 I'm almost out of time, so I want to make just a few concluding remarks. 220 00:22:11.520 --> 00:22:15.520 First of all, I've been assuming that classic is the scourge of the earth. 221 00:22:15.520 --> 00:22:19.520 This is not necessarily true. I only assume it for illustration purposes. 222 00:22:19.520 --> 00:22:27.520 There is this garbologist. A garbologist is the garbage. There's an archaeologist. There's an ancient mining expert. 223 00:22:27.520 --> 00:22:31.520 You know, we're also going to see a mayor of the garbage. We're going, yeah, we're going to go where? 224 00:22:31.520 --> 00:22:36.520 He sees a mayor of the garbage who goes, yeah, starts jewellering and, you know, bringing a kid in there 225 00:22:36.520 --> 00:22:39.520 and who the press starts into it and then analyzes it. 226 00:22:39.520 --> 00:22:48.520 Well, this is the son of William Rafferty, who's analyzed, I don't even want to explore this, I'll say, my son of archaeology, my son of a doctor, but it doesn't work. 227 00:22:48.520 --> 00:22:54.520 But anyway, he's analyzed, now he's a garbage from 50, 60, 70 years ago, and he's as wise as he was in earth. 228 00:22:54.520 --> 00:22:57.520 It doesn't really, it's not common. 229 00:22:57.520 --> 00:23:01.520 But I'm just a doubly economist, so what do I know about these finer points of chemistry? 230 00:23:01.520 --> 00:23:08.520 All I know is the prices, you know, the paracetamol on a cracker, I say prices and prices of cattle is a dream. 231 00:23:08.520 --> 00:23:14.520 Let me very, very briefly in conclusion go over a few other areas. 232 00:23:14.520 --> 00:23:19.520 Air and water pollution, running out of resources in the whole population. 233 00:23:19.520 --> 00:23:22.520 And I'll include them in all the questions in the session. 234 00:23:22.520 --> 00:23:26.520 First on the air and water question, it's the same hot and responsive. 235 00:23:26.520 --> 00:23:31.520 People dump it into the water, people dispose of it, they waste it in the air, they have to pay a price. 236 00:23:31.520 --> 00:23:33.520 The price is zero, so of course they'll do it. 237 00:23:33.520 --> 00:23:49.520 If you were a business person and you were filled with green and you suddenly pull it to your very core, you would still have to realize that if you dispose of your waste in a very expensive way and your competitors just bump it into the air and water, you go broke. 238 00:23:49.520 --> 00:24:02.520 So that's no recipe for solution. The recipe for a solution is to get a price for bumping into the air and water. And the technicalities are present, and that will take a long time to go into, but the principle is clear. 239 00:24:02.520 --> 00:24:06.520 Running out of resources or a station of analysts. 240 00:24:06.520 --> 00:24:08.520 Do you know what happens when this is blacked out? 241 00:24:08.520 --> 00:24:10.520 What happens to the price of candles? 242 00:24:10.520 --> 00:24:12.520 Blacked out as it goes off. 243 00:24:12.520 --> 00:24:18.520 Well, this entices us to use lots of them, and it gives signals to those with student signs. 244 00:24:18.520 --> 00:24:21.520 It gives signals to the reducers to stop producing more of it. 245 00:24:21.520 --> 00:24:22.520 So everything is fine. 246 00:24:22.520 --> 00:24:26.520 But we don't have prices for some resources and for some analysts. 247 00:24:26.520 --> 00:24:29.520 Elements or nostrils, alligators, heart blocks, things like that. 248 00:24:29.520 --> 00:24:36.520 If we did it, as the danger of them became more severe going extinct, the prices then would rise. 249 00:24:36.520 --> 00:24:42.520 This would entice people, induce people, that people would be led by abscesses and this will have to save them all more. 250 00:24:42.520 --> 00:24:47.520 And we don't have that. We don't have prices. And we need part of this market there. 251 00:24:47.520 --> 00:24:54.520 Third, overpopulation. As far as I'm concerned, I'm a big lover of humanity. I'm a humanist. 252 00:24:54.520 --> 00:24:57.520 In the sense of sexist or racist, it can maybe even be anything. 253 00:24:57.520 --> 00:24:59.960 I say the human, but it's against all these issues. 254 00:24:59.960 --> 00:25:03.520 I'm sorry, I'm un-publicized, I've heard some of my best friends being human beings. 255 00:25:03.520 --> 00:25:05.520 And I like human beings. 256 00:25:05.520 --> 00:25:08.040 As far as I can see, the Earth is empty. 257 00:25:08.040 --> 00:25:13.280 Anyone who's ever been on an airplane and looked down, can verify that. 258 00:25:13.280 --> 00:25:18.040 I used to live in Canada and fly across there, now there's an empty country, I mean, there's no one there. 259 00:25:18.040 --> 00:25:21.960 25, 20, well, it's like a little bit of sunshine in the world. 260 00:25:21.960 --> 00:25:41.960 Calculations have shown that if every member of the human race, all six billion of us, were organized into four personal family units, and given 82 hundred square feet to live on, that's the average five-yard backyard and middle-class house, everybody, all six billion of us, could fit into Texas. 261 00:25:41.960 --> 00:26:09.960 If the whole human race did that, a lot of togetherness here, I'm talking serious togetherness, 262 00:26:09.960 --> 00:26:14.760 We fit into a cube one mile by one mile by one mile. 263 00:26:14.760 --> 00:26:16.920 That's where the everything is wrong. 264 00:26:16.920 --> 00:26:19.560 The place is really empty. 265 00:26:19.560 --> 00:26:22.600 We only have starvation because of overpopulation. 266 00:26:22.600 --> 00:26:24.840 In India and Bangladesh, there is starvation, 267 00:26:24.840 --> 00:26:26.520 but it's not due to overpopulation. 268 00:26:26.520 --> 00:26:28.200 It's due to socialized agriculture. 269 00:26:28.200 --> 00:26:31.920 There's starvation in Ethiopia, and Ethiopia is empty. 270 00:26:31.920 --> 00:26:36.920 The reason for that starvation is socialization of agriculture. 271 00:26:36.920 --> 00:26:39.760 There are places that are highly concentrated in populations, 272 00:26:39.760 --> 00:26:55.760 I was once the biggest on this issue, and I went on and on rattling, giving my views, and at the end of what I said is, there is my opponent. 273 00:26:55.760 --> 00:27:03.760 He's going to come up in here and tell you that there are too many people on the earth. And yet, that is a contrary position. 274 00:27:03.760 --> 00:27:11.760 The theory that he cannot believe it, because he has it within his power to reduce the size of the population by one. 275 00:27:14.760 --> 00:27:21.760 The fact that he's saying that the way that people want to argue with me shows that he doesn't believe his own army. 276 00:27:22.760 --> 00:27:26.760 Now about Rambly, Ludwig Mises, and the cadet leaders with Murray Hoppe's law hands. 277 00:27:26.760 --> 00:27:33.760 And finally, the insistent decision of both sides of a contradiction to be against people and to go on. 278 00:27:33.760 --> 00:27:39.760 If you can't be decently, you're in the right frame. 279 00:27:39.760 --> 00:27:42.760 Thanks for your attention. 280 00:27:42.760 --> 00:27:44.760 Thank you very much. 281 00:28:01.760 --> 00:28:03.760 What are you going to do? 282 00:28:03.760 --> 00:28:05.760 I have a question about your chamber classes. 283 00:28:05.760 --> 00:28:08.760 First of all, the phrase in my mind in this chamber class is, 284 00:28:08.760 --> 00:28:38.760 The other thing is, when we say, if you charge $500 to pick it up, this is a series of proposals they've put out on the boards of Rhode Island, the environmental community, the kind that I represent, the statics perspective, the only one who's saying no, this is a lot of good idea, because you're going to find it not dumb, you're going to find people not putting their trash out, putting their trash to that line. So sometimes political considerations and human actions go beyond the certain economic 285 00:28:38.760 --> 00:29:01.760 Yes, I think that's a very good question and a very insightful one. I have several examples. First of all, on the recycling, and we bring our own back, whether paper or plastic, that we keep reusing on the recycling. 286 00:29:01.760 --> 00:29:05.760 Well, the price system is the same as that too. 287 00:29:05.760 --> 00:29:08.760 I mean, the price system is cohesive. 288 00:29:08.760 --> 00:29:11.760 It's not just related to the question of plastic or paper. 289 00:29:11.760 --> 00:29:15.760 It's also covering the question of how much garbage. 290 00:29:15.760 --> 00:29:17.760 And how much wrapping. 291 00:29:17.760 --> 00:29:22.760 See, the wrappings that are now given to us in foods and dough and whatever 292 00:29:22.760 --> 00:29:25.760 are based on a zero price of the soul. 293 00:29:25.760 --> 00:29:38.760 It's perfectly rational for a manufacturer to buy Rappers like they do now, given the prices that they're facing. But these prices aren't as reasonable as a thousand dollars per question. 294 00:29:38.760 --> 00:29:53.760 See, if we had a price system that indicated what the true costs of disposing of Rappers were, Rappers were the paper class or whatever, then we would be led as if by invisible hands to recycle optimally. 295 00:29:53.760 --> 00:30:11.760 In the dark, we don't know how much to recycle. You can't say recycle is the answer, because it has to be optimal recycling. 296 00:30:11.760 --> 00:30:28.760 Should we recycle tissue paper? Should we recycle? Yes, we should recycle 40-year-old old choices and the market politics. Recycle it, but not recycle 40-year-old whatever. 297 00:30:28.760 --> 00:30:39.760 Now, with regard to the Midnight Company stuff and the Rhode Island thing, the charging part of dollars, 298 00:30:39.760 --> 00:30:43.120 I heard Goldishare say, we're going to have the free market, 299 00:30:43.120 --> 00:30:46.520 and the price of bread is going to be raised. 300 00:30:46.520 --> 00:30:49.080 Has anyone seen the contradiction here? 301 00:30:49.080 --> 00:30:51.400 I mean, if we have a free market, Goldishare 302 00:30:51.400 --> 00:30:55.360 has nothing to do with the price of bread. 303 00:30:55.360 --> 00:30:58.160 We have a free market of frisbees and rubber bands 304 00:30:58.160 --> 00:30:59.320 and paper clips. 305 00:30:59.320 --> 00:31:03.480 And which doesn't get involved in the pricing of those things? 306 00:31:03.480 --> 00:31:05.160 Well, we're not going to have anything 307 00:31:05.160 --> 00:31:08.080 to say about what the price of plastics are. 308 00:31:08.080 --> 00:31:17.080 I mean, that's not the free-end process, you know, Rhode Island Senator House or something that says, oh, the price should be, how in bloody places do they know what the price should be? 309 00:31:17.080 --> 00:31:28.080 That's prices, and that's our intervention. What I'm saying is privatize the solid waste management industry, and let the price be generated the way the price of science is generated. 310 00:31:28.080 --> 00:31:37.080 Now, if you would look around at what the problems are, there are no problems with bubble gum, paper plates, rubber bands, because there's no revenue involvement there. 311 00:31:37.080 --> 00:31:41.080 Where ever this problem is, there can be a problem. So I see less of it and I'm worried. 312 00:31:41.080 --> 00:31:45.080 And we've been wrong to think like that. 313 00:31:45.080 --> 00:31:53.080 Honestly, no matter what, we're human beings and some of us are going to be floating on it. 314 00:31:53.080 --> 00:31:57.080 We rape, we murder, we steal. Okay? 315 00:31:57.080 --> 00:32:04.080 We have chance for such activity. And hopefully, if the police were not so busy doing all sorts of other things they shouldn't be doing, 316 00:32:04.080 --> 00:32:10.080 They could concentrate on victims' crimes, how victims' crimes, and we would sock people out of this. 317 00:32:10.080 --> 00:32:19.080 But I think that most people would not burn plastics or don't trespass plastics on other people's property 318 00:32:19.080 --> 00:32:23.080 if we had penalties that really socked them. 319 00:32:23.080 --> 00:32:27.080 I mean, if you went to jail for 20 years for doing this, some people would think twice. 320 00:32:27.080 --> 00:32:33.080 If the true price of a plastic bag is $5, and I'm not simplifying it, I'm not saying it should be. 321 00:32:33.080 --> 00:32:40.080 I'd like to say something about our Federation. We sell bags, and we don't use bags, we work people. We recycle our bags, and this is a natural thing that we do. 322 00:33:03.080 --> 00:33:25.080 We have the right to live with all this in the past, and we've got a lot of companies where everything is much much more on the right to live on the outside of the floor than to check their time preference. 323 00:33:25.080 --> 00:33:54.080 I'm sorry, I can't hear. Could the rest of you please allow for me to be heard? 324 00:33:54.080 --> 00:34:09.080 We have sorts of questions because we, as foreign partners, went out and invited these companies to speak, talking about their companies, people like Jean-Baptiste, people that threw out two things. 325 00:34:09.080 --> 00:34:19.080 What was the money they got? Who was the money? Wirtzoff. Now they have Wirtzoff on their bikes, and they're patented. 326 00:34:19.080 --> 00:34:32.080 So, I think what you're saying is wonderful, but I think that the biggest part of the task I'm able to do, and it's not really too much, because we were not able to reach the threshold of financial discipline. 327 00:34:32.080 --> 00:34:42.080 It was a different group every few years, and we've been able to get out of the middle of nature. And I just want to say that's what we're part of. 328 00:34:42.080 --> 00:34:52.080 Well, I'm one of this group, and other groups, such as the Audubon Society, which have acted in this regard to try to help the environment. 329 00:34:52.080 --> 00:35:01.080 But the analogy that comes to my mind is that you're not a pilot, and the directional symbols are out, and you're trying to land a plane, and you're the arm. 330 00:35:01.080 --> 00:35:05.080 Or, to use my other analogy, you're trying to get around town and there are street signs. 331 00:35:05.080 --> 00:35:11.080 What you're doing is making believe that there are street signs, and eventually you go, if there were street signs. 332 00:35:11.080 --> 00:35:23.080 In order to be less analogous, or not argue, I acknowledge you so much, what you're trying to do is act in such a way as if we had a real price system for environmental concerns, and act in that way. 333 00:35:23.080 --> 00:35:36.080 Sort of like in my case, when I'm using $5 as an example of a price event. So I think that we're on parallel paths. What I'm trying to do is say, in order to accomplish the task of this organization, 334 00:35:36.080 --> 00:35:46.080 It would be very humble if it had some student science that would enable not only you to do some good works, but would focus the subject interests of the whole society in this way. 335 00:35:46.080 --> 00:35:57.080 So I see ourselves in one parallel path, sort of painting in the same direction, but I'm using economic analysis, you're using common sense. 336 00:35:57.080 --> 00:35:59.080 Yes? 337 00:35:59.080 --> 00:36:09.080 I have to dispute one of your facts if I understood you correctly, but all the population in the world today can be compressed in a one mile queue. 338 00:36:09.080 --> 00:36:16.080 I'm pretty good at visualizing things. I don't think the entire population of New Orleans would fit into a one mile queue. 339 00:36:16.080 --> 00:36:18.080 You're not pressing like any. 340 00:36:18.080 --> 00:36:26.080 Well, I'll tell you what. I don't have the citation here, but if you write to me at Holy Cross Economics Department, 341 00:36:26.080 --> 00:36:49.080 Ludwig von Mises, Zip Code 01610, let me repeat that, economic performance, Holy Cross College, Ludwig von Mises, W.O.R., C.E.S., C.E.R., Zip Code 01610. 342 00:36:49.080 --> 00:36:55.080 I mean, it's sort of rough, and when I read the Chinese in the speech, I can't give you all the footnotes. You can appreciate it. 343 00:36:55.080 --> 00:37:00.080 A lot of this, you have to take one of the shots forward and by the book and see the footnotes there. 344 00:37:00.080 --> 00:37:02.080 I just went through the arithmetic. It does work. 345 00:37:02.080 --> 00:37:14.080 It does. Well, there you go. We have a maximum position. We're assuming, I think, something like five foot, eight tall, like, you know, a foot and a half wide and maybe six inches deep or something like that. 346 00:37:14.080 --> 00:37:15.080 Cubic foot. 347 00:37:15.080 --> 00:37:16.080 I'm sorry, I can't hear you. 348 00:37:16.080 --> 00:37:17.080 Regarding the midnight show, how would you count the hours? 349 00:37:17.080 --> 00:37:18.080 I'm sorry, I can't hear you. 350 00:37:18.080 --> 00:37:19.080 Regarding the midnight show, how would you count the hours? 351 00:37:19.080 --> 00:37:36.080 He is worse than the slave quarters, you know, Peter Sardines, or people stuffing their songs into any telephone booth, and I think the man is correct, but, you know, we'll have to work on this. We'll do this together. Yes? 352 00:37:36.080 --> 00:37:53.600 How would you catch these people? And you think that the police are out there doing something that they shouldn't be doing when they're 353 00:37:53.600 --> 00:38:09.600 I think I've been misinterpreted here. I am certainly in favor of the police not being murderers and rapists. 354 00:38:09.600 --> 00:38:18.600 I believe I'm very much in favor of that. Those are the bad guys and the police are the only ones that I think can do it. 355 00:38:18.600 --> 00:38:28.600 But there are many other crimes that I don't really think are crimes, like violating criminal control regulations or so-called economic crimes. 356 00:38:28.600 --> 00:38:32.600 And I think if we have them off the books, we have more police power. 357 00:38:32.600 --> 00:38:40.600 I think that we should use money for policy because we, in general, live in a society that's not the same as it should be. 358 00:38:40.600 --> 00:38:51.600 But I think that one additional thing that the police could do would be to stop people who use plastic, by murdering an entity or bumping it onto other people. 359 00:38:51.600 --> 00:38:59.600 But as I made the point with the other woman that was back there, right now we vision everyone but plastic. 360 00:38:59.600 --> 00:39:22.600 But I don't think it would be that. I think it would be the usual criminal element of one or two percent. If we had a crisis, I insist that if the crisis lasted at full cost, not just buying it, but disposing of it, it's five dollars. It's not that people would be up to the odd bits in class and wondering how they'd get rid of it. They wouldn't buy it in the first place. 361 00:39:22.600 --> 00:39:38.600 The dumping of garbage in the remote places, we actually had a policeman in an airplane spotting the doctors, and they still don't. 362 00:39:38.600 --> 00:39:50.600 Well, in our case, what we have to do is double the penalty and double it again and go ahead and do it again. 363 00:39:50.600 --> 00:39:51.600 Yes? 364 00:39:51.600 --> 00:40:20.600 I'm really sorry, I'm going to do justice to the question, I have to do the same thing. 365 00:40:20.600 --> 00:40:31.600 Did you intercept or list our money throughout the city for taxation towards direct environmental treatment? 366 00:40:31.600 --> 00:40:38.600 No. We're trying to get away from taxation. I only mention this in response to the League on Identity and Customs. 367 00:40:38.600 --> 00:40:42.600 I think the League on Identity and Customs is a really non-important issue. 368 00:40:42.600 --> 00:40:57.600 Because I think that in a free enterprise system, which we now do not have, the Midnight Company question would be a very uncertain question. 369 00:40:57.600 --> 00:41:01.600 I think that right now, under environmental socials, it's a crucial question. 370 00:41:01.600 --> 00:41:08.600 But I think that the answer for it is not mainly the police and raising taxes for law police. 371 00:41:08.600 --> 00:41:23.600 I think that is a very unsophisticated solution, elegant solution is a high system, a series of environmental street signs which will lead people in their own selfish interests not to act in such an inefficient manner in the first place. 372 00:41:23.600 --> 00:41:29.600 You know this expression, don't fight the allocators, drain the swamp. 373 00:41:29.600 --> 00:41:39.600 Well, what I'm advocating here is not that we fight big math numbers one by one and, you know, do, we're going to grant you a totally new jail view, we're going to get your facts fighting out here, 374 00:41:39.600 --> 00:41:46.600 because the way to get them is to drain the swamp, if I can use this non-environmental analogy. 375 00:41:46.600 --> 00:41:55.600 And the way to drain the swamp here is by having a process in which leads most people to act in a way that is cooperative one way or another. Yes? 376 00:41:55.600 --> 00:42:21.600 I'm not a big fan of tax incentives or taxes. I think that is a government solution and I think the government is all the same up to Garrison. The government is the source of the problem. It's not pure. 377 00:42:21.600 --> 00:42:31.600 Now, having gone into the air pollution situation in greater depth, in the depth that I've had in the class versus paper, I really made the following even more awesome. 378 00:42:31.600 --> 00:42:35.600 Let me just make some of them because it's pertinent to your question. 379 00:42:35.600 --> 00:42:46.600 In the 1830s, when there were what we would now call environmental cases, in those days they were called nuisance cases, 380 00:42:46.600 --> 00:43:09.600 So what happened was some woman would hang out for washing on a back line, and a factory would bell short so I could never want to regret, and she had the liberty on her, and she'd go to court asking for an injunction, not just for any old man, but she'd ask her court order to get that factory to stop it, and she'd get it. She'd get it. 381 00:43:09.600 --> 00:43:30.600 And this meant that factory owners had an incentive to develop smoke prevention devices, to use research and development to solve this problem, to use high-grade anthracite coal instead of low-grade sulfur coal, to act responsibly because the courts in the 1830s were upholding property rights and we had property rights. 382 00:43:30.600 --> 00:43:37.600 Or a forum would go to court and say this big bad railroad got sparks on my haystacks 383 00:43:37.600 --> 00:43:40.600 And the same thing, the courts would grant each other the belief 384 00:43:40.600 --> 00:43:45.600 And the economy was moving toward a rational response to the environmental problem 385 00:43:45.600 --> 00:43:51.600 And whatever, in the 1840s and the 1850s, and please don't ask me for all the citations, they're interference 386 00:43:51.600 --> 00:43:53.600 Take my word just for a moment 387 00:43:53.600 --> 00:43:58.600 In the 1850s a new legal policy started to purvey the society 388 00:43:58.600 --> 00:44:14.600 No longer are private property rights important. The next time a little old lady or a farmer came in, the court would sneer at her and say, how are you stealing property rights? You're allowing me selfish individualistic property rights. It's something more important than your miserable property rights. 389 00:44:14.600 --> 00:44:27.600 What's that? That's public interest. And drumrolls, ah, public interest. And what does the public interest consist of? The public interest consists of economic growth. And how are we going to get economic growth? 390 00:44:27.600 --> 00:44:39.600 Why have you manufactured? So who the hell is your carpentry? Who will let these guys run the roughshod of you? They'll let them use the air and the water and your carpentry as free disposal sinks. 391 00:44:39.600 --> 00:44:48.600 Or do they have an incentive to use anthracite policies? No longer did they have an incentive to engage in smoke prevention devices. 392 00:44:48.600 --> 00:44:59.600 No longer do they have any incentive to consider the marketer as other people. Why should they? If they did, they'd go broke, because other people wouldn't. 393 00:44:59.600 --> 00:45:10.600 One thing that emanated from this career was that they didn't build high song stacks. The old song stacks used to be 10 feet high. Now they're 300 feet high. You know why? 394 00:45:10.600 --> 00:45:14.600 We're sweeping the problem of the market into the clouds. 395 00:45:14.600 --> 00:45:18.600 So, of course, this particular factory is bothering this woman. 396 00:45:18.600 --> 00:45:22.600 This factory is bothering that woman and that factory is bothering this woman. 397 00:45:22.600 --> 00:45:25.600 This is no solution. This is a government solution. 398 00:45:25.600 --> 00:45:29.600 What I'm saying is we've got to turn back the clock. 399 00:45:29.600 --> 00:45:32.600 I need to use that instruction, but I can't think of that one. 400 00:45:32.600 --> 00:45:34.600 Get back to the 1830s. 401 00:45:34.600 --> 00:45:38.600 You see what we're doing is we're missing 160 years of Christian development 402 00:45:38.600 --> 00:45:42.600 Development that our capitalists would have been working on to solve the problem. 403 00:45:42.600 --> 00:45:44.600 That's why the problem is so hard. 404 00:45:44.600 --> 00:45:47.600 Do you know that stuff in forensic medicine? 405 00:45:47.600 --> 00:45:49.600 You know, A stabs B. 406 00:45:49.600 --> 00:45:53.600 And he gets the teeniest speck of blood and he washes his clothes. 407 00:45:53.600 --> 00:45:59.600 They can still, months later, with forensic technology, find out who the blood was from 408 00:45:59.600 --> 00:46:00.600 and get the murder. 409 00:46:00.600 --> 00:46:02.600 At least they can do it with a technical story, isn't it? 410 00:46:02.600 --> 00:46:04.600 I think that they already did. 411 00:46:04.600 --> 00:46:06.600 But here's forensic environmentalism. 412 00:46:06.600 --> 00:46:07.600 and Capitalism. 413 00:46:07.600 --> 00:46:08.600 It's nowhere. 414 00:46:08.600 --> 00:46:13.600 If I just had a gust on me, nobody knows where that idea came from. 415 00:46:13.600 --> 00:46:18.600 And yet, if we had been working 150 years on this, instead of trying to get someone up 416 00:46:18.600 --> 00:46:26.600 to the moon to talk about it in a wasted sense, if we had 160 years of research and development 417 00:46:26.600 --> 00:46:32.600 in this whole particle forensics, there'd be nobody free to invariably come. 418 00:46:32.600 --> 00:46:40.600 I mean, this is serious classic, some guy with three bags full of plastic, this is companies. 419 00:46:40.600 --> 00:46:46.600 The reason we have the problems we have is we took a wrong turn in the 1830s. 420 00:46:46.600 --> 00:46:50.600 And the solution to that is, I think, property rights. 421 00:46:50.600 --> 00:46:56.600 And three processes, and they're only from property rights and not from government tax solutions and not from government solutions. 422 00:46:56.600 --> 00:46:59.600 Government has a role to play. 423 00:46:59.600 --> 00:47:02.200 Mind you, the government's on the fire. 424 00:47:02.200 --> 00:47:05.440 If the state's in the fireplace, that's great. 425 00:47:05.440 --> 00:47:08.720 If the fire gets added to the living room, you have problems. 426 00:47:08.720 --> 00:47:11.000 Well, what the government has to do 427 00:47:11.000 --> 00:47:14.560 is protect property rights, protect persons, 428 00:47:14.560 --> 00:47:17.400 have the judiciary, the courts, all these police, 429 00:47:17.400 --> 00:47:18.560 and that's about it. 430 00:47:18.560 --> 00:47:20.200 That's about it more than that. 431 00:47:20.200 --> 00:47:23.240 Maybe something like social welfare program or something. 432 00:47:23.240 --> 00:47:26.600 But as far as the economy, very little else. 433 00:47:26.600 --> 00:47:29.160 Instead, we recognize we're doing all sorts of things, 434 00:47:29.160 --> 00:47:40.160 In the 1840s, and up until about 15 years ago, entrepreneurs were given carte blanche to be air and water on each other's lines. 435 00:47:40.160 --> 00:47:44.160 And all of a sudden, we wake up 150 years ago, and we say, how do we get out? 436 00:47:44.160 --> 00:47:46.160 You need a gas mess, and that's what we're going to do. 437 00:47:46.160 --> 00:47:48.160 We're going to get out of here. 438 00:47:48.160 --> 00:47:50.160 We're going to get out of here. 439 00:47:50.160 --> 00:47:52.160 We're going to get out of here. 440 00:47:52.160 --> 00:47:54.160 We're going to get out of here. 441 00:47:54.160 --> 00:48:00.160 We wake up one hundred and fifty U.S. families. How will it count? If you need an answer, that's the wrong answer. 442 00:48:00.160 --> 00:48:10.160 If you assume it's game 30, it must be a full degree and tackle it. Right? Yes. We need more entrepreneurship. Nonsense.