If Trump Wins The 2024 Election, This Happens - Debt Crisis, Recession, Rich vs Poor | David Pakman
VZN_6cBxXWY • 2024-09-24
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Kind: captions Language: en think the stakes are higher I mean it's higher whatever you think about the rigidity or fragility of our democracy and and maybe we'll talk about that the stakes are higher because this is an inflection point I think for Maga and trumpism to some degree if Donald Trump wins in November it probably prolongs mag's control of the Republican Party into certainly the midterms in 2026 maybe into to who the Republican Party selects in 2028 as their nominee whereas particularly with Trump being close to 80 if he loses in November that'll be a lot of Maga losses in a row starting in 2018 or under performances we can say and it's probably not only the end of Trump's political career but but it may sort of be it for Maga as well so I do think the stakes are high and what what is your biggest fear if Trump gets elected well I don't want to be hyperbolic so I would just look at the first term combined with not having another election to run and therefore being completely sort of unrestrained and unfettered uh in addition to openly saying that he's interested in replacing career bureaucrats at so many departments with partisan Loyalists and what that would do to the Department of energy the Department of Education Etc is scary to someone with my worldview which is sort of a pluralistic respect our Democratic institutions in the kind of mold of of Northern Europe for for my mindset uh the idea of that is is scary um you know the the more hyperbolic stuff uh I think I try not to engage with in a blanket way you know if there's a specific issue that we want to discuss we can you know whether it's abortion or something else uh but those those are my concerns you've got a guy who is um completely UNC and breaks sort of the social norms of what it's like to interact with the public uh you have somebody that lies voraciously and obviously that in and of itself is deeply problematic uh you have somebody that plays pretty loose and loose and fast with world leaders and that obviously carries with it a certain amount of risk you have somebody that has proven that they um this is where I want to be very careful about how you view it but that January 6 was very meaningful in terms of a legitimate attempt to undermine maybe the most gentle word to undermine the traditional peaceful transfer of power uh and you put that all together and you have something that is um certainly directionally not where you want to see us end up I agree with all of that and I think there's of course more to it we it sounds like we're going to talk about the economy in more detail but certainly economically the sort of uh uh blind tariff idea that he's now pushing which seems like it would be bad for both businesses and individuals in the United States concerns me uh directionally I don't like the straining of relationships with our traditional Western allies that we saw under Trump and I know that there's a view that it's good to shake things up and it's good to keep people guessing on their toes I I don't know that it's been demonstrated that generically that that's a good thing I think under Trump and the way he executed it it it certainly was not so yeah I I think what you laid out certainly reflects my beliefs and I would even go beyond it okay what would be the most meaningful things that you would push beyond that that raise the stakes of this particular election I think it's the the ones I mentioned in including turning government departments into partisan political departments when they're really not supposed to be and I don't know you know this isn't like the most viral and click inducing topic but I don't know that a lot of people necessarily understand that a lot of the employees of these government departments whatever you think about the missions of the Departments these are not political actors privately I'm sure a lot of these employees vote but they transcend uh administrations they work under Democratic Administration and Republican administrations and they're really career bureaucrats that are doing so much of the diplomacy work and and bureaucratic work and it's a good thing that that's the way it is and so the idea of turning those departments into partisan Endeavors sometimes with the goal of essentially just ruining them right I mean Department of Education is one where it's been overtly stated that many of these Maga people don't even think there should be a federal department of education and just kind of let States figure it out or even let municipalities figure it out or when it comes to the US Postal Service another great example of politicizing in order to then destroy to allow private business to fill that role I think all of that is extraordinarily dangerous and when you look around the world at the countries that have gone in that direction they are not the countries that Democrats nor Republicans will often say that's the country we want to be like and when you look at the country countries with the strong business environments uh low unemployment uh High uh level of uh of quality of life they aren't doing those things they kind of respect this separation with these bureaucratic departments so I I think that's a huge deal what do you think about people that think that there's whether you call it the managerial class or the Deep state that that begins to pose its own threat to democracy I hesitate to engage with that without a disclaimer which is that there are thoughtful realistic ways to engage with what is in many cases a two-tiered society or or even multi-tiered Society usually when your entry point into it is talking about the Deep State or the managerial class terms that for example like VI ramaswami would use half a dozen times each time would interview him it starts us off in what in my opinion is a more sort of conspiratorial and unproductive Direction I kind of prefer the language of social democracy which is that it's not you don't need to look under rocks or for the Deep State or the trilateral commission or the bilderbergs or whatever the case may be it's sort of all out in the open Princeton has studied it and the the desires of the wealthy are just and corporations are far more likely to be made law or to be reflected by lobbyists Etc you don't need to go into deep State uh to recognize that the middle class and the lower middle class the working class however you want to Define it have disproportionately little political power in the United States so that I think is what we really should be engaging with and for me even raising deep State as a term in the discussion doesn't really add anything it certainly doesn't clarify anything it's really interesting so first I will flag myself fully as somebody who is paranoid about the Deep state but we can come back to that and hopefully you can talk some reason into me um but I I'm really intrigued by this idea that uh the middle class and Working Poor in America are disproportionately powerless compared to other nations um so certainly social democracy is something that's on my list of things that I want to discuss with you I would not have seen um that interpretation of that coming so if you can tie to be clear you might I might have I might have explained it I didn't mean disproportionately powerless relative to other nations I meant relative to the wealthy and corporations of the United States I see I see that may have just been my misunderstanding okay so uh yeah that seems uh unassailable so paint me a vision of what it is that you want to see as an outcome so when you think about like who should be elected whether Harris or anybody else that obviously elections will come and go um but there's something that you're driving towards uh before we met I would have just said off-handed uh social democracy is what he wants you often reference Denmark um if you don't mind stacks and Bricks for us what what what is social democracy how is it different from democratic socialism and what would it feel like for America to be that for the average person this is a really good way to approach it so the first distinction between social democracy and Democratic socialism is that social democracy is capitalism it's it's it's a form of capitalism if you look at a place like Denmark which has an as good or Better Business environment in terms of what it costs how long it takes bureaucracy etc for starting a business when compared to the United States uh it is a form of capitalism it's a slightly more regulated form than we have in some ways in the United States now as we delve into this I think it's important to mention that depending on where you live live in the United States the state you live in may already be very close not there but very close to what social Democrats like myself are kind of pointing towards and in fact if you look at the higher standard of living states in the United States so these are places like Connecticut Massachusetts Washington Etc we we could look at the list What's called the HDI the human development index which is a kind of Blended metric that considers uh uh health and and Longevity a per capita income education it's sort of like a blended metric that tells you kind of like how good are the basic building blocks of life in the states in the United States where it's going well Connecticut Massachusetts Etc it's almost identical to countries like Denmark Norway Sweden Etc it's it's very equivalent so we're very close to what social Democrats want already in much of the United States and the difference between social democracy and what I think a lot of the center right Republicans want this is not necessarily talking about magga now but but a lot of center right Republicans involves taking just a little more at the very very top to ensure that no one drop below a certain level we're just kind of it's not equality of outcome it's not socialism it's certainly not communism or Marxism it's basically saying here's the current sort of range of outcomes what we want to do is set up something a little closer to equality of opportunity that no one Falls too low and usually the way you do that is with a little more taxation at the very top that all being said uh I don't think it has to be that way I mean I'm not someone who goes around saying we need to pay more in taxes I to be totally honest I am frustrated every April with how much I pay in taxes I I would actually like to pay less I think it's the distribution and the use of a lot of the tax money that that's the problem but now now we're getting more Nuance but to kind of step back at the 30,000 foot view we're not talking about dramatic changes especially if you're already in States like Connecticut Massachusetts Washington Etc okay uh super helpful so um for anybody that doesn't know uh what is um Democratic socialism you know really a Democratic Socialist should tell you because one of one of the things I found is whether you're explaining what Jordan Peterson meant or whether you're explaining what democratic socialism is usually the adherence to those ideologies will come back and say you either don't understand it or didn't explain it correctly so Democratic soci socialism as best as I can explain it is actually a form of Socialism where to different degrees and in different ways uh the means of production when it comes to corporations or the profits from businesses are socialized the way in which it's done and implemented depends but I I think it would be best for for a socialist to explain it I'm I'm very much not one yeah fair enough um I get that the reason that I ask is for any of us to intelligently navigate the world we have to have some sense even if it's just a heuristic about that so let me ask uh something that will get to the same idea why don't you want to be why don't you want America to be a socialist country well I have seen in looking at the last 500 years of history as well as looking at the world today that the best outcomes seem to happen when there is no more authoritarianism from government than what is arguably necessary for the size of the population and I'll explain that in in a moment um and that the countries that have what might be described in a book like why Nations fail as extractive institutions sometimes will do well in the short term like for example the Soviet Union had a period during which you saw economic growth and to a degree you saw Innovation but you saw it under fundamentally extractive government institutions and so it hit a limit and looking at the Cold War shows you kind kind of what happens when those limits are hit so my starting point is and I know that if you look at the comments on my YouTube channel this might come as a shock to some of your listeners I actually am not about more government involvement or more government control than can really be Justified and demonstrated by what's going to generate kind of the best outcom so for me I don't see any reason for a government to say we're not going to let markets dictate you know where the mobile phone market goes for example I I don't I don't see a big problem with that I think it's a perfectly fine and great thing both for Innovation and competition for Apple and Samsung and Google and whoever to compete and to let markets uh dictate the flow of resources I think that there are some specific areas where this is not ideal and what's really interesting is myself and someone who's on the political right probably agree on most of them like for example most Republicans agree we should socialize the military we shouldn't have all of these different militaries and if we need to do X or Y in another country well these are like kind of private militaries now there are mercenary groups that's not really what I mean we all generally agree yeah the military should be part of the government that makes sense we we usually agree Republicans Democrats Independence that cities shouldn't have competing police forces it makes sense to socialize police and fire uh only like kind of extreme Libertarians would disagree with that my view is that there's like a couple other areas where a little more socializing makes sense I think healthcare is one of them although I'm flexible as to the way we get healthcare for everybody I think public education is an area we're socializing a little more than Republicans want to make sense but the the point of presenting it this way is that we're mostly all in the United States on the same page that there are some areas where socializing makes sense and a bunch of areas where markets make sense we just disagree about probably a couple of them okay that I want that to be true but people are so fiery in their reactions to each side if we're as as close as you're saying and you sound very reasonable Mr Pacman I will give you that so why then is there so much collision between the left and the right right now what is the swing towards populism all about if we're really close to the outcome that you're saying we should be aiming towards well I want to be clear that I think we're close ideologically right like if you look at opinion surveys about abortion or should taxation be use to make sure no one drops below a certain standard of living or does it make sense to provide some amount of Health Care to everybody regardless of ability to pay ideologically in opinion polling we are closer than we've ever been and kind of more united than we've ever been the Electoral outcomes don't reflect that there there's a bunch of different reasons why and I'll just tell you a couple of them number one there is this thing called the narcissism of small differences which is that the outcome when is agreement in a lot of areas but you still have elections and fundraising and political fights over who gets to represent us in Washington DC the differences by their very nature must be Amplified if you have two Republicans in a primary running against each other and they mostly agree about abortions bad and tax should be lower right if they agree on 10 things the race will become about the two things on which they disagree so this is just like standard politics to be expect expected the the differences must be Amplified in order to justify vote for me and not for somebody else so that's number one number two there are still pretty significant cultural differences regionally in the United States and I've spent a bunch of time in different conservative areas and life day-to-day is often really different living in some of the kind of liberal cities of the United States as compared to like for example I spent time in Northern Indiana where people spend a lot of time at gun ranges and in mega churches life culturally is very different so the environments also make people believe that our differences are are maybe greater than they are and then thirdly as a result of at the federal level the Electoral College in terms of how we elect presidents um and Jerry mandering at the state level also exacerbates these differences by virtue of a lot of factors related to how how we elect candidates and so this is not me pretending like everything's hunky everybody basically agrees but there is this kind of shared moral understanding that I think covers a bunch of the United States and the reason that you see the the kind of vitriol is the reasons I mentioned I think Amplified by impersonal communication on social media where you're not actually sitting face to face with somebody and talking imagine breathing through a straw while trying to run a marathon that's what life with sinus congestion feels like and I have bad battled with allergies for years that is why I'm excited about navage nasal care this isn't your standard congestion solution nage uses a patented system of saline flow and gentle suction to clear your nasal passages effectively it works in as little as 30 seconds it's completely drug-free 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that are like that when you think of humans as storing calories for the future pre- refrigerators in the bodies of other people is sort of a weird thing when you first hear it but when you really think about it it's like I went on a hunt I was very productive this time I come back with the animal you didn't get anything I'm going to feed you I'm going to make sure that you don't get left behind because it could be you next time that ends up getting the kill and not me and so I am quite literally storing future calories in the form of obligation uh in you so cool we understand why that becomes a thing but whenever there is an exploitable Niche then someone is going to exploit it and so you get what you call the freeloader problem and so that's why you need the people on the right who are about personal responsibility and no you can't just eat all of my meat there's going to be tit fortat I need to see that you're bringing something to the table as well so I look at it from that standpoint you've got this evolutionary bifurcation between types of people that roughly fall into left and right that roughly can be generalized as people that uh lead with compassion and other people that lead with responsibility everybody's on a spectrum of course these are not binary things but you get that tension now somewhere in the 90s something culturally started to happen I've often heard it put on Rush Limba I'm G to Guess that he was more a symptom of something rather than the cause but that it became really about entrenching in our tribes now I'm not familiar enough with that history to know what he was queuing off of why he felt like this was the way to go to begin tearing people down or if it really was the beginning of Independent Media with different radio stations becoming popular and getting syndicated and maybe social media really is just the modern um incarnation of that that certainly is possible um but I think that divide happened long before social media so I'd love to know if you have a take on that and then certainly social media um exacerbates that a thousandfold but what do you think about that in terms of just naturally people are going to be divided into those two camps and the tension between them is actually useful but something has become pathological recently I'm not sure that the evolutionary case is is as clear as you make it out to be in this sense if we're talking about at the group level um when humans developed agriculture and by definition AG one of the big advantages of Agriculture was the storing of calories right in a different not not as obligations but quite literally we now are going to be able to start specializing not everybody needs to find the daily calories that they need we're going to have some people specialize and grow way more food than they need we're going to store it and or distribute it and now we're going to be able to start investing other people's time in different things that they might be good at arguably for some it was you know the development of religious beliefs for others it was starting to look at medicine Transportation so on and so forth you already started to have the freeloader problem there I just struggle I I've not seen evidence that the freeloader problem during the Agricultural Revolution or even now is really a problem in the sense that I think it's natural that you will have it whenever a technology is developed and advances and opens new doors and if you look at you know we now know more about the Agricultural Revolution and there was a mixed bag in the sense of not moving around as much did lead to more contagious disease and right it's not it's not a Panacea but big picture the Agricultural Revolution accelerated technological development and uh uh and the development of homo sapiens and so many ways yes there were some freeloaders who didn't really specialize in anything but they were still beneficiaries of the fact that we could store food but I think that's just part of a system and it's hard to argue that Humanity didn't benefit in total from that Revolution even despite the freeloaders so I I guess my point to go back is it's not obvious to me that the evolutionary case is as clear as you're making it out to be okay one quick point on that and then I'll step back and see what you do think um speaks to it so agriculture comes around somewhere 10 to 12,000 years ago but we've been considered humans for roughly 250,000 years so agriculture is still pretty novel so from a how the brain would develop standpoint I think there's a case to be made that you have a much longer period of time where there is no way to store food uh than you've had one where there is now certainly agriculture has wildly changed our societies and all of that and we could do a talk on that but the thing I'm really trying to get to in your world viiew is just to understand how you think we end up dividing on the left and right if we want to get rid of left and right um are we just trying to nudge people because my vision has always been you want left and right you want the tension between them but you want them way closer to the middle than they are now and so um just curious to get your take on what causes this Left Right divide and where do we want to move people we trying to get everyone to the left we trying to get everyone in the middle what's that look like yeah I I think you that laying it out that way is much more in line with with My Views and I've said many times that I would much rather have a Republican party that goes back to you know sort of like the John McCain Republican party where there are disagreements about foreign policy there are disagreements about taxation but not only are the disagreements far more substantive um they are disagreements where we are closer to starting with a shared basis in fact so we say hey okay here are the facts now we might have disagreements about where we want to go and the best kind of way to go there from a biological standpoint there's pretty good research that those who end up being what we in the United States we describe as politically conservative tend to have larger fear centers in their brain in other words the idea of difference the idea of change does lights up or I'm not using the right terminology because I'm not I'm not a neuroscientist but it sort of sort of lights up parts of the brain that are responsible for rejection and sometimes that rejection comes in the form of fear sometimes it comes in the form of disgust as we see with some of the other social issues so there's probably a biological aspect to it I do think that there's a huge Urban rural divide to go back to the environment that you're kind of raised in now there's probably a sort of vicious cycle in the sense that if you're already for biological reasons more suspicious of others or more fearful of different environments you probably choose to live rurally and around fewer people so so you know there's kind of a little bit of a chicken egg here and we're kind of talking about the same thing but I think that that that's another Factor um so we might call it a geographical factor and cultural factors as well that probably date back to how did your family end up in the United States to begin with that's interesting I didn't see the curveball there coming at the end um so I think we'll both agree that there's a biological component there's obviously a very large cultural component the part I don't yet understand in your worldview is do you want the tension between the two or do you want to see people leverage culture to migrate more either to the center or to the left I think that it is healthy not to have everyone exactly on the same spot in the political Spectrum so I think we can we can sign simultaneously say if we think about the Spectrum as a sort of number line there's a bunch of stuff way over here that's not good for Society for a number of different reasons that we can identify all the way on the other side there's also reasons why if if that were the predominant worldview that would not be so good I do think that it is better for you know if I could sort of snap my fingers and say everybody has the exact views of David Pacman I think that that's not ideal because I think it's clear that history has shown us that we often make advances when something is pulling one way or the other and you don't necessarily know in advance which direction the right direction is at any particular moment I think the the critical part is we need guard rails and so for example the idea of well here's an idea to do something different the person who didn't win the election still gets to be president that seems beyond the pale to me of the sort of pull push that that we need so no I I think that political disagreement is a healthy thing um and there's there's many countries including the countries that I think of as interesting models you know my forthcoming book I talk you know northern Europe is sort of like clich of course everybody in with my worldview talks about Northern Europe but I talk about Uruguay around 2010 I talk about the social Democrats in Germany in the 2000s I talk about the Carol estate in India and I think uh these are all different sort of scenarios but they all benefited from not everybody being exactly on the same page I I I hope I'm answering the question clearly which is no I I don't think the ideal thing is everybody matches my personal exact political worldview no that makes a lot of sense um so what now I am taking that information I'm trying to map it to where you want to move people to so we're starting with the base assumption that uh there's something uh very meaningful about this particular election uh the collision between the two ideas um we went through certainly what's going on on the right in terms of um Trump representing a movement to turn bureaucracies into partisan entities that really should exist well beyond that that should be able to work for either side um that there is a fundamental undermining of the democratic process uh that your vision of the which is obviously where you want to see us end up we're actually getting quite close to that um there's just a few more things um we didn't get into necessarily deeply about one thing that you threw off the cuff which was uh basically we're just trying to even um make sure that everybody has a relatively similar starting point um but that makes a lot of sense and so I if those are the two visions then it becomes a question of um do you trust yourself or does anybody that holds that position trust themselves enough to say hey everybody follow me this is where we want to be or do they say look I want to put my idea out there I want to argue it as much as possible but the last thing I would want is for anybody to just blindly follow what I'm saying because I know there will be second and third order consequences that I cannot predict um and that probably more than anything sums up my problem with the current um political structure everywhere that I have looked at which is it always boils down down to um somebody thinking that they know the path forward rather than running something I call the physics of progress where you're holding yourself accountable to metrics which it does not seem like we do certainly I uh so couple different things there if you there is a certain egocentrism associated with I I would argue people who do what you and I do in the sense of like it occurred to us that we should be speaking with microphones and that it's something other people should listen to right so there's like on some level there is some ego associated with that I think for people who run for elected office it's similar it's hey of all the people I think I'm the one that people should vote for and put me in the position of power to then go and and and do things one of the things I always tell my audience is I don't I do not believe that I am the ultimate source of Truth everything I say should be fact checked uh My Views should change if I'm presented with contradictory information for example and it's good to be skeptical of anybody who says that they are the ultimate source of Truth this is one of the things to to kind of get back to the election Dynamics you know over the last however many years it's been Donald Trump has told us he knows more than the scientists he knows more than the generals he knows more than the doctors he knows more than the epidemiologists he knows more than the Senators he knows more right that to me runs very much counter to exactly what you're talking about which is well hold on a second before we bring everybody along with whatever idea we have we should establish how it is that we're going to determine what is real and what is not what works and and what doesn't work so kind of as like a baseline level I give my audience my best guess at the time uh subject to revision based on new information that's coming forward so so I think that goes to the first part of your question which is this idea that that we just impose here's what we should do uh without necessarily knowing if it's the best thing yeah very much so um to me just by way of quick heuristic the right way to run a government is what Lincoln called A Team of Rivals that you actively Court people who think differently than you now whether Lincoln did the following or not I don't know but this is certainly my worldview that you the reason you bring together A Team of Rivals is you were trying to Red Team blue team ideas that you can measure the outcome of that you will have stated ahead of time what the desired outcome is and then did this initiative lead us to that or not and I think there are a couple things that end up breaking that one is that everything is just so complicated that it can be very hard to get a definitive answer uh and so you would need literally certainly multiple administrations would have to share an end goal so that people would need to State this is where I'm trying to take us these are the things we're going to try dear public these are the outcomes reporting them as honestly as they can in fact inviting their Rivals to report on it so that we can all look at it but then the other thing is that I to your earlier point I don't think we any longer have a shared set of facts now this is a thing that I wrestle with tremendously because I don't know that there are facts to share so when I there obviously is ground truth physics but we don't even understand physics so everything that we engage in is interpretation to some level so then I ask myself okay what how do we influence the thing that causes us to look at something but interpret it a different way as far as I can tell it's biology beliefs and values so values sort of speaks to what you were talking about did you grow up rural biology speaks to um do you have the larger fear centers in the brain and then beliefs are just outright choices but people don't realize their choices but you put those three together and now people can really distort the lens through which they look at things and so whether it's social media a bigger cultural movement the debt cycle which we haven't talked about but I think is a huge part of this or all of it I think the way in which people are assessing the facts just the the distorted prisms that the left and the right are looking at things through is getting more and more Divergent so they can look at the same thing and see something wildly different do you see one does that make sense to you and if it does do you see a way to unwind it the way to so I have an entire chapter and there's really probably in some way two or three chapters in my forthcoming book there's a chapter called what are facts not what are the facts but what are facts and there's some very it's it's good but it's also really scary um pulp study data from Pew Research Center where people were presented with 10 statements and they were just asked indicate whether this is a fact or an opinion right so like if I tell you chocolate ice cream is the best ice cream I think you and I both would say well that's that's of course an opinion uh and if I said to you uh based on current technology humans cannot live without oxygen we would say okay well that's that's a fact uh a very high percentage of people I don't want to quote it because I don't have it in front of me but a shockingly high number of people misidentified which statements were opinions and which statements were facts and this is very much visible in our politics you know when um someone says millions of people died from the covid vaccine that is a statement of fact not an opinion it's either true or it's not and we don't have any evidence that millions of people died from the vaccine but to really think about vaccine policy to pick something you have to understand whether that is a statement of opinion or fact and whether there is any basis to make some of these claims so I completely agree with you that there is this more Divergent situation I think where I disagree is there are I I think it's dangerous to fall too far into I don't even really know that we have facts anymore not that that's what you said but you were sort of saying that there's this ambiguity for you about about even kind kind of figuring this out um so I I think that that is a major problem now the solution I think is a combination of we should really be teaching both critical thinking and media literacy probably starting at age 10 to everybody that's not partisan although there are state boards of Education including Texas that don't want that taught in in public school I won't speculate as to why we should ask some of the people that don't want it taught but um we know we get to I I taught a a couple of college courses and I had 20 year olds in my class where basic media literacy like hey here's something here's a message from media how would you even start evaluating whether what you just heard is is true nothing just no basis to even evaluate media messages so so I think that the way to push back against it is critical thinking and media literacy probably starting at age 10 it's very interesting because yes ultimately people are going to have to um understand how to look at something and determine whether it can be validated or not uh I think the big catch is going to be that so many things are going to be hard to invalidate or validate or that uh as I say there's statistics uh lies and damn lies and that even when you're looking at the data itself the conclusions that you draw from it can be very jarring so for instance yeah I heard you talk a lot about I heard you talk a lot about Denmark and okay we wna that's sort of a quick obviously just rough sketch of where we want to end up so I looked up Denmark where are they at in the um GDP so uh Denmark is 34th I think I wrote this down they're roughly 34th 32nd to 36th lies 38th they're 38th okay so nominal GDP Denmark is 38th us obviously is number one uh but if you look it up in terms of GDP PPP so purchasing power parody per capita Denmark is 52nd but the US is number two and so I was like wait a second who's number one and it's China so I was like wait a second in something that I care deeply about a communist country outperforms the US and so then I'm like hold the phone so now I go from hey GDP is a great way to just shorthand think about like what's what is an what is a kpi that you could look at to say we're making the right decisions or leading us in a good direction and then all of a sudden I was like yeah like go democracy go America amazing amazing and then the people that I think are the most not the most backwards cuz just like brutal authoritarian uh regimes where people are starving to death Stalin ma like those would be way worse but uh a a place I would not want to be living under is actually outperforming us on a metric that I care deeply about so I was like wow so this is super interesting there's a bunch of stuff there and you're getting to I mean this is this is why the corporate media environment just is it it just can never really inform people in any kind of deep and nuanced way about this stuff so a couple different things um number one what I think it makes more sense to look at PPP the nominal GDP that's a good that's a good start China being very high to some degree is because it's a pseudo communist country although they've become capitalist in so many of the industries but that's a different conversation because by virtue of being a communist country there are entirely large swaths of products that are manufactured in China and are subsidized by the government which artificially makes the PPP appear very very high so like that's a detail where even just looking at PPP you need to understand more about it so like okay that's super interesting Denmark out of roughly out of close to 200 countries Denmark's basically at the at the line of the top quarter right so 50 out of 200 roughly would be like you're at the line of the 25th percentile what you have to understand about Denmark is you don't have to pay for Health Care out of that PP like you're not buying health care you can take that completely out you're also not buying education because education is paid for through taxation so that's kind of interesting because if you were to disaggregate that in countries whether that's something that you're paying for out of pocket versus countries that you're not that would also kind of change the numbers and then just to throw a different metric out you know earlier I told you about how some of the blue states in the United States have very high HDI human development index which includes life expectancy at Birth how much schooling do you expect to get uh PE PPP is is one of those uh Denmark is number five in the world so the outcome that they're having as far as as far as quality of life once you understand okay 25th percentile with regard to PPP but you don't have to P worry about health care costs driving you to bankruptcy and all these different things the quality of life there is fifth out of nearly 200 countries that's pretty good yeah this to me um so this the point you made about China is exactly what I was trying to convey is at the surface it seems one way but then as you start to dig in you realize wait there's all these confounding variables the only way that they went from Ma's China to xiin Ping's China is to open up capitalism and begin to let that thrive but there still is the Hammer of the state and so it's like oh God like very complicated uh and then the HDI that kind of thing then begins to ask a question of values so going back to my notion that your frame of reference that the distorted lens through which view or attempt to view facts uh is built up of biology beliefs and values so now you value for instance and I'm literally just thinking of this as you're talking people may hate me for this but this is true you value ranking higher on the HDI whereas I value people being able to play for the championship team and so I'm looking at what is the place that creates the most Innovation that attracts the best and the brightest from all over the world and that's thrilling to me but I also am self-aware enough to know most people are not going to enjoy playing that game and so now you get some of what I think is happening now which again the plan a flag is not time to talk about yet I don't think but the where we're at in the debt cycle I think speaks to a lot of the unrest that we're seeing I think it speaks to a lot of the rise in populism because all of a sudden kids are like yo Boomers in their 20s had it way better than I have in my 20s which is true and they have access to a freakish amount of information so they know that's true and so there's all kinds of things from the food that we're taking in toxins all that stuff which is probably not a conversation for you and I but you've got all that happening but then you also just have it feels super lame for somebody coming into their early 20s right now and they're very aware of it and you now have them look at a country their own country sending foreign aid everywhere and even if it doesn't actually impact them like a they're not going to realize that they're just like billions of dollars are leaving but they're going to feel some kind of way about that and so now you throw social media onto the fire as you mentioned earlier which is further distorting those lenses that people are looking at this tribalism being innate to our sense of being and you just get these two groups jettisoning away from each other and when you you look back historically this happens like clockwork on that dead cycle and then It ultimately blows up and you get really bad things happening which is why for me I also think that this election uh is unusually important what do you do about dumb people that get to vote and I say that truly with love knowing that some people just they fall below an IQ level where they will be able to parse these very difficult issues and PS I'm actually perfectly willing to accept I'm one of the dumb people that's below the line that can adequately parse these things I'm perfectly fine with that but I'm just saying what do you do with that reality you know I I think my Approach is pragmatic I've had so many conversations with viewers over the years when they call in and they say David you know there should be restrictions on who's allowed to have kids there should be restrictions on who's allowed to vote there should be some kind of test where you have to at least understand you know you have to understand something or or I think it's I I I don't think about it much because that's not how we're going to improve the country or the world I at least as far as the United States is concerned I really try to focus on where we can make a difference and there is no path to some kind of intelligence test to vote legally uh nor is there any political will to do it I think either party that proposed it it would do nothing for them it would be a political Lo loser so I I honestly don't think about I think what you do is you you say how can we make people less dumb and that's what goes to to use your term um I think that's what gets to can we start teaching media literacy can we start teaching critical thinking earlier um what can we do about how should if at all social media be regulated you know I think these are the sorts of things I think it's more useful to think about um because I just don't think there's a path forward to solving any problem we identify with figuring out how how to prevent people from voting now I will tell you there is a political party that thinks that they will do better if they can prevent people from voting it's the it's the Republican party now we can argue about the reasons why and uh what they claim are the reasons and and you know it'll they will have their explanations but over the last I mean it kind of goes back to Mitt Romney where they started think about this Mitt Romney state director in Pennsylvania was talking about using voter ID as a tool to reduce Democratic turnout so that Romney would win Pennsylvania in 2012 and thus the White House why would that automatically affect uh Democratic voters the because all of the proposals that voter ID specifically or which one are you talking about voter ID yeah voter ID is an interesting one the people who want voter ID will usually say something like uh well Trump says you need an ID to buy bread so you should have an ID to vote it's not true you need an ID to buy bread so in case I don't know when you last bought bread but you you don't need one um but often what's stated is the ID is free so why would it be an impediment to anybody um the thing about the IDS is depending on what state you live in and the way that it's conceived of uh very often in order to get the ID you need subsequent documents that lower income people are less likely to have and those documents aren't always free to get for example birth certificates I know when when I had to get a copy of my daughter's birth certificate there was a cost associated with it and I had to go to City Hall and it had to be only during a three-hour window on a Tuesday during which people who are working May struggle to be able to to to go uh very often the documents you need to get the voter ID or the voter ID itself can only be done in certain parts of the state often requiring Transportation which itself costs money so anyway I think the idea here is that there's a calculation that's been made in certain states that if we put in place a voter ID requirement in a certain way it will disproportionately disfavor groups that we don't think are super likely to vote for us it's similar to the idea of reducing the number of polling places in urban areas which as we know there's an urban rural divide in Rural America there's rarely lines to vote in urban America there are often lines to vote if you reduce the number of places as you can vote or reduce early voting hours you will make the lines even longer it is disproportionately Democrats geographically who vote there some of them say I've got to get to work I don't have time to stand in this line you you can depress the Democratic turnout without hurting the Republican turnout these are the sorts of things got it um so on voter ID this is one of those that I may just not know enough about to understand why it's controversial but it seems so self-evident to me that you should have to have an ID to vote um just by way of and I I know the punchline already is that there isn't any voter fraud but if people don't have IDs I I haven't looked at it but it just seems if people don't have IDs how do you know whether there's voter fraud or not but um why isn't the approach to make getting the voter ID easier rather than just saying you don't need ID I actu
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