TRIGGERnometry - October 31, 2026


"Dems Will Win the House but Senate Is Another Story" – David Pakman

Budget Analysis, Mbappe China Furore & Midterms - Off the Fence

Episode Stats


Length

1 hour and 40 minutes

Words per minute

195.74

Word count

19,584

Sentence count

1,027

Harmful content

Misogyny

5

sentences flagged

Toxicity

12

sentences flagged

Hate speech

22

sentences flagged


Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 last time we had a good conversation then we had a bit of a back and forth and sniping across
00:00:06.640 afterwards oh i had forgotten about that have you we haven't i know i had totally forgotten about it
00:00:13.040 where is the democratic party now there is going to be movement to the democratic party
00:00:19.520 on november 3rd it is almost certain that the democrats will take the house i think the senate's
00:00:25.700 to be really a lot tougher your country has got into this position where in advance pardon people
00:00:33.540 from their own party the way that joe biden did before leaving office but also it's a tit for tat
00:00:38.260 that seems to me designed to take you down to hell the idea of looking at fauci as a criminal target
00:00:45.220 did not ever really seem warranted to me but that's why you need an investigation to establish
00:00:49.940 and i would be fine with an investigation which is prevented by the pardon that you understand
00:00:55.700 Trigonometry is proudly independent and sponsors like Hillsdale College make that possible.
00:01:02.000 Access their free library of world-class educational courses at hillsdale.edu slash trigger.
00:01:09.340 David Packman, welcome back to Trigonometry.
00:01:11.220 It's so good to do this in person for once.
00:01:13.080 It is.
00:01:13.740 Last time we had a bit of a, we had a good conversation.
00:01:16.440 Then we had a bit of a back and forth and sniping across afterwards.
00:01:20.200 Oh, I had forgotten about that.
00:01:21.640 Have you?
00:01:22.060 I would have.
00:01:23.820 No, I had totally forgotten about it.
00:01:25.460 I would have been much more apprehensive about this interview over the last month had I remembered.
00:01:30.680 Oh, I wish we'd told you in advance.
00:01:32.100 And I don't, what was the, what was the nature of it?
00:01:34.220 Well, you sort of said, I came on this right-wing show and here's what happened.
00:01:38.160 Yeah, yeah.
00:01:38.660 And you clipped it and blah, blah, blah.
00:01:40.380 But, I mean, I think you, it is a center-right show, certainly.
00:01:43.740 Not, so this is what we're going to get into.
00:01:45.800 Oh, okay, okay.
00:01:46.380 So, I, we're not trying to go back and relitigate that conversation.
00:01:50.980 No.
00:01:51.300 Nor are we annoyed with you about it or whatever.
00:01:53.540 Okay.
00:01:53.580 I just brought it up because it's interesting where we are now, given everything that's going on politically.
00:02:00.520 And that's what I want to bring up, right?
00:02:02.040 Absolutely.
00:02:02.760 So one of the interesting things, obviously, the last election here in the United States, Trump wins overwhelmingly huge victory.
00:02:11.140 Totally rigged.
00:02:12.560 Well, maybe. Good accent, though.
00:02:15.560 Right?
00:02:16.540 And here we are, only a couple of years later, and the wheels are coming off the bandwagon.
00:02:21.180 and I was looking at the Calci market for a potential, they call it a blue tsunami,
00:02:25.900 basically the Democrats winning the House and the Senate in the midterms, which are coming shortly.
00:02:30.560 Yes.
00:02:30.980 It's approaching 60% now, and gas prices and Democratic chances of a victory
00:02:37.540 seem to be closely correlated.
00:02:39.820 Yeah.
00:02:40.320 So what do you think has happened that that massive victory only a couple of years ago
00:02:45.620 is now turned into this?
00:02:47.460 I mean, it's not unusual, to be fair, for presidents to start to lose ground at the midterms.
00:02:52.420 How do you see it?
00:02:53.620 I think it's very simple.
00:02:55.140 I want to get back to the odds after maybe we can, though, because I take issue with some of the expectations.
00:03:01.220 And maybe we'll agree on that. I don't know.
00:03:03.020 But I think it's really simple.
00:03:04.420 I think that when very specific promises are made during a campaign, not sort of promises that aren't salient to people.
00:03:13.380 Like, we will reduce the deficit while it will still be positive, but people don't think about that when they go to the grocery store or to the gas pump.
00:03:22.740 It's sort of like a vague thing that feels a little more distant.
00:03:25.500 I think when there's really specific promises, like gas will be 50% cheaper, but it's 50% more expensive.
00:03:32.480 And every time you get gas, you remember that.
00:03:35.120 Or groceries are going to come down, and then they're actually up, and you go to the grocery store, and you pay more, and you say,
00:03:41.600 I spent $100. What do I have here? It's really hard to talk voters out of that. And I don't
00:03:48.440 think this is unique to the Republicans right now. This was a problem for Joe Biden, where
00:03:53.120 the Biden administration was very focused on, here are the macroeconomic indicators that look
00:03:58.700 really good. And while that can be true, that didn't make individuals who were struggling feel
00:04:04.620 like the economy was going well. This was a problem for Kamala Harris as well. They ultimately lost, 0.99
00:04:08.860 of course. I think that that is the majority of what is going on. I think the failed promise on
00:04:14.140 no new, endless Middle East wars is one that it's, on the one hand, foreign policy is sometimes more
00:04:20.680 distant from how people vote, but it's having such a direct effect on people's pocketbooks.
00:04:25.240 I think it's basically that. And there isn't much that Republicans can really run on. I mean,
00:04:30.740 they can say, we fixed inflation and everything's fixed, which is what Trump has been trying in
00:04:35.920 rallies, I don't think people believe it. Even his own crowds are sort of like not really cheering
00:04:40.520 for that sort of thing. And so you don't have to... He could run on immigration, but when people
00:04:45.500 are worried about the food bill, it doesn't work. Because immigration is one area where he actually 0.94
00:04:50.720 has had success according to his own metric. By his metrics. Yeah, that's true. Yeah. So the Iran
00:04:57.040 war is basically what this is all about. Well, the tariffs were a problem first of all,
00:05:02.940 in terms of causing rising prices.
00:05:05.720 And then we had the Iran war.
00:05:07.240 And so the price of everything is basically up. 0.58
00:05:10.000 Right.
00:05:10.820 Well, and it's interesting.
00:05:12.140 The reason that we're closing the circle
00:05:14.400 about us being sent to Iraq or whatever
00:05:16.260 is we were having a conversation
00:05:18.580 with a friend of ours on the way here, actually.
00:05:21.160 And we were talking about some of our concerns
00:05:23.520 about the Trump administration, the Iran war.
00:05:27.180 You know, there's a lot of indications now
00:05:29.280 of corruption on a significant scale
00:05:31.540 and lots and lots of other things.
00:05:32.940 and also some achievements but it's a it's not a universally good picture and he said okay sure
00:05:40.800 i totally agree with all of that and i he said it's not even he said sure i agree he just said
00:05:45.700 i agree with all of that but do you want 10 million illegals coming into the country under
00:05:50.980 one presidential administration which is what was happening under under biden um and that's where
00:05:58.640 we are not we're not Americans so it's a little bit different but for us it's like
00:06:03.560 we are formerly left-wing voters who just thought the left went off the deep end and I think it's
00:06:10.200 interesting that what you're seeing now in America is the democratic socialists have moved away the 0.86
00:06:16.020 sort of far left of the democrat movement have moved away from the woke talking points the trans
00:06:23.140 the identity stuff and have just moved back to where the left used to be which is economics
00:06:27.480 So I'm basically saying everything is expensive and the rich are screwed.
00:06:30.740 You're saying the DSA has moved in that direction? 0.58
00:06:33.200 Yeah, I think everyone has.
00:06:34.480 I mean, Mamdani ran on an economic platform, right?
00:06:38.120 Yeah, no, that's true.
00:06:39.420 I mean, I think big picture, I think that analysis is accurate.
00:06:43.720 I do think, though, that you have to sometimes look at specific races a little more closely to see the dynamics.
00:06:49.160 And so the way that a Democratic candidate is running in, say, Florida, for example, would be different than in New York City, for example.
00:06:56.220 But I think, to your point, the very tangible salience of the economic issues, I think, is in stark relief right now because there's so much material to work with in the economy.
00:07:09.520 Do you think, though, I guess what I'm getting at is more like those voters who would have been pushed away from the left and pushed to the right with social progressivism that they didn't agree with.
00:07:21.060 do you think the democratic movement more broadly has let go of that has changed its mind on that
00:07:27.740 is sort of just gone we still believe this but we're not going to talk about it as much because
00:07:31.940 of the economy as you say what do you what do you think about that social what people call woke i
00:07:36.920 suppose is woke done aoc said woke one was crazy which to me implies there's going to be a woke too
00:07:42.220 you know here's the thing about this i really try to answer these questions and think about them
00:07:48.160 in the context of what I believe and what I support.
00:07:51.480 And so we would really have to talk to the DSA people
00:07:55.200 to see what they think about that.
00:07:57.160 In other words, are they talking less about trans issues
00:08:00.080 because they found that they are not useful
00:08:02.720 when running elections?
00:08:04.060 Is it because they no longer care about them as much
00:08:06.480 or they simply think that they're not as important?
00:08:08.980 My view as someone who was never big on those issues,
00:08:11.860 and we sort of had a talk about the trans issues
00:08:14.220 last time I was on,
00:08:15.300 was that I think what my movement was sort of doing incorrectly
00:08:21.140 was we were being very reactive to the right,
00:08:24.140 wanting to talk about those issues
00:08:25.780 when I never found them to be that important.
00:08:28.480 I mean, on the issue of, like, trans sports,
00:08:30.140 I've said before, if we have specific instances
00:08:33.100 where inclusivity is coming at the cost of fairness,
00:08:36.700 I'm going to be right there and I'll say,
00:08:38.620 no, this is a specific instance where the sports league
00:08:41.540 or the governing body should look at that
00:08:43.180 and that's something that should be dealt with.
00:08:44.660 But like Nebraska, for example, where this independent guy Dan Osborne is running that I interviewed recently, they have zero trans NCAA athletes.
00:08:53.220 So like my kind of thinking all along was these issues are mostly a distraction from the economic.
00:08:58.220 Now, I think it would be interesting to ask the DSA folks, have they moved away?
00:09:02.760 I don't know if they have necessarily. Maybe I'll take your word.
00:09:04.780 What about the center left more broadly?
00:09:06.480 The center-left more broadly, I think, is sort of where I'm kind of talking about this, which is I believe it was a mistake to allow those issues to take such a large place in the conversation when the economic issues and issues of fundamental fairness I would have liked to see play a much larger role.
00:09:25.020 That's always been my thing.
00:09:26.140 I've been a big economic guy.
00:09:27.540 One of the things I normally find when we talk about politics 0.64
00:09:31.960 Especially American politics, especially Brits
00:09:34.360 Is we always focus on Trump and the Republican Party
00:09:36.740 And of course, that's very interesting and it's very important
00:09:40.040 Where is the Democratic Party now?
00:09:44.100 How do you see them?
00:09:45.620 Are they coalescing around one particular figure?
00:09:49.840 Are they split in the way that the Labour Party might well be in the UK?
00:09:55.040 How do you see the Democratic Party at the moment?
00:09:57.260 Really good question. I don't believe there is any default leader right now of the Democratic
00:10:02.020 Party. And, you know, it's so funny you bring that idea up. There was a while after the 2024
00:10:06.780 election where there was a lot of talk of who is going to be the left wing Joe Rogan.
00:10:11.260 And I don't think there's really a desire for that in the left, at least not in the left that
00:10:16.160 I occupy. I had a dinner a few about a month ago with a bunch of creators and some pollsters and
00:10:23.140 just like politico types and they were all trying to figure out you know the right gets so quickly
00:10:28.260 united around messaging like when the white house correspondence dinner shooting happened
00:10:32.740 within 40 minutes all of them were saying this proves we need the ballroom for example and we
00:10:38.580 later found which didn't make sense the ballroom's capacity would have been half of that doesn't
00:10:42.340 matter though they were united instantly and we later found out that was coordinated there were
00:10:46.580 signal chats and they were saying hey here's the messaging and the conversation in the room was
00:10:50.580 was should the left do that? Can the left do that? And immediately the conversation devolved
00:10:55.440 into kind of bickering where different people were like, well, I'm not going to be told what
00:10:58.840 my messaging is going to be. And someone else said, oh, you know, those messages are usually
00:11:02.680 only tailored towards one demographic. And and immediately I had this sort of realization as I
00:11:07.920 sat there quietly, like this is why there is no one answer to these questions on the left,
00:11:12.680 because from DSA or even further left, like actual communists all the way to like the kind
00:11:18.280 Schumer-Jeffrey's center-left, everybody has different priorities and different ideas.
00:11:23.200 Now, what I do think is important to mention is if you really get people in the room and
00:11:26.960 off Twitter where the communications are just nasty and antisocial and disgusting, I do
00:11:31.800 think that if you were to put up on a board 100 issues, all of these factions would probably
00:11:37.940 be in relative agreement on 90 of those 100 issues.
00:11:41.340 I do think that the social media platforms, and I write about this in my newest book,
00:11:45.500 exacerbate the appearance of conflict because that's what performs well.
00:11:50.620 But to your question, I do think there is a split,
00:11:53.440 but the split is overrepresented in social platforms
00:11:56.640 relative to what it is on the ground if you go to, you know,
00:12:00.860 Connecticut and talk to voters or Iowa and talk to voters.
00:12:04.440 And so let's look at that split.
00:12:06.440 Where does that split occur within the Democratic Party?
00:12:09.580 Is it simply center-left, Democratic Socialists of America,
00:12:13.300 or is it more complex?
00:12:14.400 I think that's an interesting entry point. You could say there's the center left and then there's the DSA. I do think it's more complicated than that. There are more broadly than DSA, there's the coalition for whom it's essentially a class reductionism. Everything comes down to economic class, not in the way that I see it where it's economic issues, but it's really everything at the end of the day is class. And so this can include people to the left of the DSA and DSA as well.
00:12:42.780 I think that that's one group. There is a sort of more overtly center left group that looks at the current Democratic leadership like Schumer and Jeffries and says, I'm basically fine with that.
00:12:53.000 I think that kind of playing around the fringes of where we are is enough. We don't need more radical change than that.
00:13:00.360 You've also got the accelerationists who are not necessarily DSA. They might be DSA or they might not, but they believe that the fringes and the incrementalism just isn't going to work.
00:13:10.600 there needs to be a massive radical change that's put in place sometimes even just like break
00:13:15.780 everything down to then build it back up the way we want i tend in my first book i wrote about i'm
00:13:20.880 not an accelerationist i if i look at history over the last 150 years i think the biggest
00:13:25.560 advancements for the left have come incrementally and we could talk about some of those examples
00:13:29.580 like that doesn't appeal to me but that's another contingent i think there's there's a lot of these
00:13:34.120 and then also there there's the group for whom um foreign policy has really become like the issue
00:13:40.160 Even though it pulls relatively low for Democrats in general, there are folks for whom, you know, our relationship with Cuba and Venezuela, the Israeli-Palestinian conflict, Russia, Ukraine, those are like the main issues much more than domestic.
00:13:54.340 So I think there's a bunch of different groups and splits right now.
00:13:57.080 And let's look at the Democratic Socialists of America, because a lot of people talk about them.
00:14:02.260 But what is their modus operandi? What do they believe in? What are their policies? What do they want America to be if they came to power?
00:14:10.160 I would recommend asking them. And I'm not saying that facetiously. The reason I mention that is
00:14:15.780 when Jordan Peterson was more of a presence in the public space, I would sometimes comment on
00:14:21.320 things he said, and I would critique them. And inevitably, his supporters would write to me,
00:14:25.200 and they would go, your critique is based on a misunderstanding or misstatement of what he
00:14:29.860 really means or what he really wants. And I think the same thing is happening with DSA,
00:14:34.460 where I think a lot of the people that align themselves with DSA aren't actually socialists
00:14:40.300 and may not even necessarily know what that means, while some are. And so if you ask them,
00:14:45.220 they will have radically different visions of what they are going towards. So I think we really have
00:14:50.420 to ask them what vision it is that they want, not being one of those folks. I don't want to
00:14:55.620 misstate what it is they want to see. Some of them, I believe, have mistaken socialism for
00:15:02.720 simply social democracy. They want, like, Sweden and Denmark, and they've wrongly believed that
00:15:08.580 that is socialism. I think others actually do want socialism. I think others actually want
00:15:13.140 communism, not socialism. So I think it's better to ask them. Sure. And why do you think there is
00:15:19.660 such an appeal for these ideas that you don't agree with yourself, socialism and communism?
00:15:24.620 Why? We had Steve Eisman, the big short investor guy, in here the other day. This episode will
00:15:31.320 probably go before that one but we've already had the conversation and he the last question he was
00:15:36.280 saying can't believe marxism is back what but it is back right why do you think that is i think it's
00:15:41.800 two things and i i'll mention the first one which i don't think we have to spend a lot of time on
00:15:45.880 which is i think some people don't understand what those things are and so they're displeased with
00:15:51.240 the status they understand they're displeased with the status quo they hear about something
00:15:55.320 that sounds different and they go yeah i mean like let's try that can't be worse than this can't be
00:15:59.640 worse than this it could be worse right but so i think there's some some is like they don't really
00:16:04.680 know what we're talking about but i think the bigger thing is there is and this was the best
00:16:10.040 thing trump did from a strategy standpoint in 2016 is he identified real and legitimate grievances
00:16:16.920 and problems with the status quo you could agree or disagree with his solutions i disagreed with
00:16:22.920 with most of them. But when you identify real grievances, that can make the people you're
00:16:29.580 talking to assume you know how to fix them and that your ideas will improve them. With Trump,
00:16:35.000 it was, we're getting screwed by China and I'm the guy who knows how to fix it. Turns out he 0.99
00:16:38.760 didn't really know how to fix it. Fine. But identifying the grievance in this populist
00:16:42.520 language appealed to a lot of people. I think it's a version of the same thing that is happening
00:16:46.860 to a great degree with DSA, which is they have a critique, which is a lot of things haven't
00:16:51.380 gotten materially better for many people across democratic and republican administrations we have
00:16:57.320 a different vision and i think that that is compelling when a lot of people are saying i'm
00:17:01.660 not getting ahead i didn't get ahead i don't feel like i got ahead under trump nor biden maybe not
00:17:06.420 even under obama and so the willingness to try something different becomes an easier ask and
00:17:10.760 i know you mentioned you know we're best off speaking to dsa people and we always try and
00:17:15.240 invite them on the show but it's a challenge yeah um you don't share their vision so you must have
00:17:21.240 an idea of what that vision is, right? A little bit. Can you help us with that?
00:17:24.640 If I assume that they are truly socialists and they want to socialize ownership of the means
00:17:30.100 of production, and that means that, for example, companies are mandated to be owned socially by
00:17:37.000 employees, regardless of what the creators of those businesses want, that's a vision I'm against.
00:17:43.020 I'm for labor unions, collective bargaining, treating employees well, paying people fairly,
00:17:49.200 all the things that i do like i really do try to live the vision that i believe is is kind of best
00:17:54.240 that that's what i'm for to the extent that they want to in an authoritarian way say by law this
00:18:00.960 is how businesses must be structured and they must be socialized like that would be an idea
00:18:05.680 that i'm against and do you think that is what a significant number of them want it's so hard to
00:18:10.640 say because dsa people call into my show and some of them do say that they want that and others go
00:18:16.400 no i don't think any of us are really advocating for that and so it's it's been a difficult thing
00:18:21.680 because much like with the peterson critiques where it's like you're not really you're criticizing
00:18:25.840 straw men i i it's been all over the map in my conversations with the dsa people i guess if a
00:18:32.320 lot of them are saying it then i mean that at least a portion because at least some of them
00:18:38.000 jordan is one person whereas a movement is made up of a large number of people and if a third of
00:18:43.040 of those people. Like if a third of MAGA wanted X or a half of MAGA wanted X, it'd be fair to say
00:18:48.920 that a significant portion of MAGA wants that. And your view is they're responding to the economic
00:18:57.860 reality for people at the bottom of society who are not winning over the last 20 years in terms
00:19:03.420 of the economic reality? Yeah, I don't even think it's only the bottom, but I think certainly if
00:19:08.060 you divide the economy sort of like into quintiles.
00:19:11.100 The bottom three quintiles,
00:19:12.840 which would include like the 40th to 60th percentile,
00:19:16.580 also struggles to afford cost of living
00:19:19.440 in a lot of this country.
00:19:20.680 I'm going to ask you a question.
00:19:22.120 What does that mean, 40th to 60th percentile?
00:19:24.660 Okay, so if you think about the people,
00:19:26.380 zero would be the poorest person
00:19:28.200 and 100 would be the richest person.
00:19:30.360 And you can divide the economy into five pieces.
00:19:33.300 Each is 20%.
00:19:34.340 So you've got the bottom 20%,
00:19:35.900 20 to 40, 40 to 60, 60 to 80, 80, 80 to 100. I think certainly that bottom quintile, zero to 20,
00:19:44.820 certainly the second lowest, 20 to 40, and even those who would technically be at the median,
00:19:50.060 like in that 40 to 60, even they express that the cost of living situation, affordability,
00:19:56.600 et cetera, don't make life easy. Winning the war was only half the job. Once the British had gone
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00:21:05.300 start right now at hillsdale.edu slash trigger and why do you think this has happened over
00:21:12.120 republican and democratic administrations why do you think there's a consistent
00:21:16.720 erosion of the purchasing power of the of them of that 60 i don't have the last 20 years of
00:21:23.820 purchasing power in my head but let's assume that at least it hasn't grown dramatically for the
00:21:28.740 purposes of this conversation? I think it's a bunch of different things. I mean, one,
00:21:33.600 the advancements in productivity for workers, in other words, how much they are producing
00:21:38.760 per unit of labor, has increased significantly dating back 50 years. But the vast majority of
00:21:45.020 that productivity growth has gone to the owners and stockholders of companies rather than the
00:21:50.500 workers. So if things get more expensive, but at the same time, the vast majority of the profits
00:21:56.640 are going disproportionately to the owners and stockholders
00:21:59.640 as a simple matter of mathematics,
00:22:01.480 forgetting about the ethics of it, which can be debated,
00:22:04.180 simply think about it as a matter of mathematics,
00:22:06.020 that is going to make things more difficult to afford
00:22:08.200 for people who are sort of middle class and working for a living.
00:22:11.480 Do you think it's also something to do with large-scale printing of money
00:22:15.040 that's been happening this entire time?
00:22:16.980 You know, I don't weigh in on that
00:22:22.540 as confidently and definitively as some others
00:22:25.820 because i've read very good economic work on both sides there is the view that any printing of money
00:22:32.140 any increase to the money supply is inherently inflationary on the total other side there's
00:22:37.900 modern monetary theorists who say that that that's not how it works my view right now and this is all
00:22:43.900 subject to learning more about it and empirical studies etc my view is that the so-called printing
00:22:50.620 of money which is arguably a misnomer i mean this is all really kind of happening digital digitally
00:22:55.260 at the end of the day. The increase in the money supply. The increase in the money supply, yeah.
00:22:59.300 If it's being done for economically stimulative programs, it seems to be a net positive for the
00:23:06.300 economy. If it's being done for non-economically stimulative programs, not so much. So I'll give
00:23:11.920 you an example. Food stamp spending has a really high economic multiplier. The idea being if the
00:23:17.620 government spends, it could be deficit spending or not, in order to increase the amount of food
00:23:22.780 stamps that people have. Because of how food stamps work, they're for food. They're mostly
00:23:27.580 spent at local grocery stores, which employ people who then get money to spend at other.
00:23:33.740 That is a very high economic multiplier. I've not seen good evidence that that sort of deficit
00:23:38.840 spending is bad for the economy. But see, that's spending. Spending can come from different
00:23:43.980 sources. You could tax to give people food stamps, right? What I'm saying is when you increase the
00:23:48.580 money supply you naturally and we've seen this with covid both in your country and in ours when
00:23:53.940 you print money you increase the money supply what happens is you get that inflationary spike
00:23:58.380 because there's way more money chasing the same amount of goods that is in the economy
00:24:02.300 and so over time the people that own assets which go up in price as a result run away from the rest
00:24:09.520 of society which is why you have the people at the top quote unquote getting richer they're not
00:24:14.920 they are getting richer, but it's not because they get a bigger share of the productivity.
00:24:20.660 It's just because assets rise in price when we do that. I don't, I wouldn't, I would agree with
00:24:25.200 you, but I wouldn't say it's also not just because of that. I mean, a country of 340 million people.
00:24:29.300 Nothing is just because of world factors. Yeah, no, I think all of these analyses have to be
00:24:32.420 taken together, but I don't have any particular disagreement with that as a factor. Cool.
00:24:37.120 So how much of all of this is to do with what we have in the UK, which is a housing crisis?
00:24:43.700 How much of this is to do with people?
00:24:46.360 I have a lot of empathy for, you know, millennials and Gen Z.
00:24:50.240 A lot of them did everything they were told to do.
00:24:52.380 They went to school.
00:24:53.100 They worked hard.
00:24:54.100 They went to college.
00:24:55.900 They come out of college saddled with a load of debt.
00:24:58.420 They then go and do a job, and they go, hang on a second.
00:25:01.640 Not only can I not buy a house, I can't buy a flat.
00:25:04.300 Not only can I not buy a flat, I can't even rent a flat for myself.
00:25:08.520 I have to live like a glorified college kid into my 30s and 40s.
00:25:14.040 Yeah, that housing is the biggest single expenditure for most households.
00:25:18.260 So, of course, even small changes to the cost of housing, much more so than like what's your cell phone bill or does Netflix raise the price by a couple bucks, is going to have a disproportionate impact on people's day to day.
00:25:29.460 Housing is complicated because on the one hand, you have the phenomena in the United States where private equity is buying up more and more single family homes.
00:25:38.520 which is giving them pseudo-monopoly power in some markets, not in large cities generally,
00:25:45.180 but in some markets, so that we could look at that and say, well, that's a problem.
00:25:49.080 There's also extraordinarily...
00:25:50.220 Can I just, before you move on to that, let's really, because people talk about this a lot,
00:25:54.460 and there's a lot of people, particularly me, who don't know what's going on.
00:25:58.400 Can you just flesh it out a little bit for us, please?
00:26:00.800 You have companies like BlackRock and others that will just sweep up large portions of homes
00:26:08.500 in certain parts of the country.
00:26:10.880 Sometimes they're buying homes on the secondary market.
00:26:13.280 Sometimes they're going to some of the largest home builders,
00:26:15.580 not like your local developer that builds five homes a year
00:26:18.300 or 10 homes a year,
00:26:19.080 but the ones that are building hundreds of units.
00:26:20.880 And they'll say, we'll take the entire neighborhood.
00:26:23.420 So that's what we're talking about.
00:26:24.840 I had a conversation actually
00:26:25.760 with the governor of Colorado about this,
00:26:28.180 where this is happening a lot in Denver.
00:26:30.160 And so that's what I mean by that.
00:26:32.340 Okay.
00:26:32.680 Is that fair?
00:26:33.240 Yeah, that's absolutely fair.
00:26:34.280 So moving on,
00:26:35.300 what was going to be your other point following on from that?
00:26:37.020 It's really difficult to build in a lot of parts of the country.
00:26:39.900 You have zoning.
00:26:40.480 This is like what we would call boring stuff in some sense, but it's extremely important.
00:26:44.340 It's really difficult to build.
00:26:46.200 In some parts of the country, you have large tracts of land that are controlled by municipalities
00:26:50.260 or states.
00:26:51.400 And it's not that they're unwilling to let those go to allow the building of new units,
00:26:55.540 but it's that it can be a decade process to get all of the right permitting and agree
00:27:00.220 on a price, et cetera.
00:27:01.140 So you've got that as an issue.
00:27:02.080 You have zoning with everything related to the amount of frontage that's required for each house
00:27:08.300 that limits how many units can be built, how high you can build, all of this sort of stuff.
00:27:13.860 You're right. This is boring. But we have the same shit in the UK.
00:27:17.500 Yeah. And it makes it... At the end of the day, you need more housing units. That's fundamentally 1.00
00:27:22.400 the issue. You need more housing units, which by increasing the supply is going to have a little
00:27:26.040 downward pressure on pricing. And I guess the real question,
00:27:29.240 and the one that I think is on everyone's lips and probably at this point, nobody really knows
00:27:34.940 the answer to this, is what is going to be the cut through with the Democratic Socialists of
00:27:40.060 America, not in L.A., not in New York, not in the other big cities, but with the average American
00:27:46.140 living in other states. You're saying is the DSA coming to power in those places going to be what
00:27:52.900 solves housing? No, no, no. My question is, are people so angry and disenfranchised with the
00:27:59.040 current two-party system that they are willing to go with a candidate who is DSA? In 2026 right now
00:28:06.100 as we're recording this, in most of the country, the data seems to suggest no. And I was looking
00:28:12.820 recently at when there is a DSA candidate, how often are they winning? And it's about five percent.
00:28:20.320 So right now, it seems as though the answer is in most of the country, there is not a desire to make
00:28:26.600 the DSA candidate when there is one, the representative. That may change over time.
00:28:31.800 Maybe the next two years, things get even worse, and then there's more of an appetite for more
00:28:36.420 DSA candidates. But so far, the answer seems to be no. Well, setting the DSA apart, I mean,
00:28:40.540 I think as we sit here, it's likely that we talked about the blue tsunami,
00:28:44.900 the Democrats take both the House and the Senate, or at least the House, definitely.
00:28:49.940 What do you think the last two years of the Trump presidency looks like,
00:28:54.000 if that happens? Well, should we first talk about what scenario I think is most likely?
00:29:00.400 Sure. I mean, I think that there is going to be movement to the Democratic Party on November 3rd.
00:29:07.460 It is almost certain that the Democrats will take the House, although I think it will be by a smaller
00:29:12.900 margin than some of the predictions suggest. I think the Senate's going to be really a lot tougher.
00:29:18.320 And I don't, I'm not saying I think Republicans will necessarily keep it, but there are a lot of
00:29:23.440 these races where I am suspicious at the level of enthusiasm that the Democratic candidates are
00:29:31.620 necessarily going to win. I mean, I'll give you one example. There are these three Senate races
00:29:35.720 that are being looked at very closely. There's Maine, there is Michigan, and there's Texas.
00:29:41.340 If you look at the polling, the Democratic candidates are winning all three. If you look
00:29:45.720 at the betting markets, to the extent that you value that, the Democratic candidates are expected
00:29:50.940 to win all three. I think it's extremely unlikely that the Democratic candidate wins all three of
00:29:55.560 those. Now, they may well win two or at least one, but that's an example of where I think the polling
00:30:01.240 and the betting markets have gotten a little bit ahead of where I am on the Senate. I think it's
00:30:04.940 going to be tougher. Why do you think it's going to be tougher? Well, a couple things. One, we've
00:30:09.840 seen, especially when there are Republican incumbents, late voters tend to break for the
00:30:16.300 Republican incumbent. We've seen this in Maine with Susan Collins before, and we've seen it with
00:30:21.460 the Texas incumbent Republicans. And this time it's not an incumbent because it's Paxton, but
00:30:26.340 same analysis. Now, I understand and I'm empathetic to the argument that some of my friends on the
00:30:31.000 left give, which is it's never been this one-sided in the polling just weeks before. This time it's
00:30:37.300 going to be different. Fine, that may be the case, but my expectation is the Senate is going to be
00:30:41.140 a lot tougher than some of my friends think it's going to be. Okay. So say, well, let's talk about
00:30:47.420 both, I suppose. Yeah. Let's say the Democrats control the House and or the Senate as well.
00:30:52.420 Yeah. What does the Trump presidency for the last two years look like? Because I imagine it's a lot
00:30:57.500 harder to get anything done if you're in that position. Yeah. The Democrats I've spoken to
00:31:01.540 have said, we are not going to vote down everything that Trump wants. There are relatively
00:31:07.500 non-controversial things on which there is bipartisanship, a lot of budgetary issues,
00:31:12.780 et cetera. So I don't think it is going to become this principled like we are a no on everything and
00:31:18.120 nothing will be passed because a lot of this stuff is just about the sort of pedestrian funding of
00:31:22.620 the country. And I don't expect there to be any kind of like gridlock deliberately caused by
00:31:27.080 Democrats. But in terms of, you know, for 10 years, Trump's been promising this beautiful
00:31:31.200 health care bill that's been two weeks away now since July of 2020. It's any day now it's going
00:31:36.680 to be signed in. Now he won't tell us about it until after the election. It's always just over
00:31:40.580 the horizon. There is no chance of a massive health care bill passing in these last two years
00:31:47.560 if Democrats take either the House and Senate. But I'll be honest, there was no chance of it
00:31:51.020 passing anyway because they've not really put forward any good ideas. But the possibility of
00:31:55.260 a big legislation, I think, is zero. I do think that if Democrats take the House, which I think
00:32:00.400 is the most likely scenario, there will be oversight, there will be subpoenas, there will
00:32:04.040 be hearings. I am a law and order guy. So I know that a lot of MAGA rallies, there's a lot of lock
00:32:09.520 this person up, lock that person up. And when I hear that, I go, where's the due process? What
00:32:13.620 about we start with an investigation and see if there's any evidence? So I'm not calling for
00:32:17.740 anybody to be locked up, but I am. You're calling for them to be investigated, then locked up.
00:32:23.300 No, no, no. I'm messing with you. But also that is what you're calling for. No, I'm calling for
00:32:29.320 if there is probable cause to believe that there was corruption, let's investigate. And if the
00:32:34.320 investigation turns up the need for a criminal referral, do that. And then let's see whether we
00:32:39.040 get an indictment. I am like, I'm law and order on this stuff. I am not looking to lock up anybody
00:32:44.040 without good reason. And by the way, a lot of the stuff we're talking about wouldn't even lead to
00:32:48.100 people being locked up. Right. Well, but this is kind of how these things always work. This is
00:32:53.940 totally outside of perspective. I'm happy to be corrected. But basically, it's kind of like the
00:32:58.380 way it works in Russia, just in a slightly more democratic, you know, I don't know that I agree
00:33:03.740 with that. Well, you don't know what I'm saying yet, so you can't disagree with it yet. In Russia,
00:33:07.720 basically, everyone at the top of politics is a criminal, right? But you only get prosecuted
00:33:13.080 when the people who are in charge of prosecuting decide that you are now inconvenient and it's time
00:33:19.360 to get rid of you. And from an outside perspective, what it looks like to me now, looking at your
00:33:24.300 country from the outside is when the democrats are in power they investigate as much as they
00:33:29.040 possibly can and prosecute and go after republicans and when republicans are in power they do the same
00:33:35.200 right so you you saw it with all sorts of things taking secret service away from uh former democratic
00:33:41.220 politicians under the trump administration going after people now they're doing this thing with
00:33:45.560 ilhan omar maybe it's justified maybe it's not we'll find out right but it just seems to me like
00:33:50.260 Your country has got into this position where everyone now has to prematurely, not prematurely, what's the word I'm looking for, in advance, pardon people from their own party the way that Joe Biden did before leaving office because they know the criminal investigations and prosecutions are coming.
00:34:10.380 And I guarantee you Trump is going to pardon in advance a bunch of his people just the same, right?
00:34:16.540 And that to me is so much energy is going to be spent on both sides when they are in power, investigating, prosecuting, pursuing the other side.
00:34:27.420 A lot of well, first of all, it creates obviously a huge gridlock in terms of everything else getting done.
00:34:32.320 But also it's a tit for tat that seems to me designed to take you down to hell.
00:34:37.420 I don't I don't know that I agree with that.
00:34:39.040 I mean, certainly I agree with elements of what you're saying, which is that there is a desire for what I would call revenge rather than justice from a lot of the people that are involved in government.
00:34:49.180 I'm against that. And so that on that we agree with. However, you know, I think one of the there's a lot of criticisms of the Biden administration.
00:34:56.460 But one of the things I think Joe Biden did that I think was a good thing was he did that we don't have evidence is the way I would say we have no evidence that Biden was involved in or directing investigations to start or stop in the way that the Department of Justice has been weaponized by Trump.
00:35:14.660 Now, we can have a debate as to whether it's a matter of degree or whether it's a binary thing where it did or didn't happen.
00:35:21.260 But my view on this, it's sort of like with the trans sports thing, where it's like, if you come to me with an example of an investigation that is not warranted by the facts,
00:35:30.440 and we have reason to believe was done merely for political retribution, whoever does it, I will be against it. 0.68
00:35:35.420 But this is why I brought up the Russia point, because in Russia, everyone is guilty.
00:35:39.580 I don't think here everyone is guilty.
00:35:40.940 I'm not saying everyone is guilty here. I am saying that there is always somebody that you can pursue from the other team when you're in power to take revenge, as you said.
00:35:50.880 And look, the one flagrant violation in my mind of a different kind, but nonetheless, I think it's a telling thing, pardoning Anthony Fauci in advance and him then pleading the fifth.
00:36:03.700 you go well clearly this guy was up to no good and all you've done is deliberately made it so
00:36:11.040 he can't be properly investigated and if you're a law and order guy I assume you disagree with
00:36:15.640 that approach well let's see I mean I think one of what I disagree with it it's so funny because
00:36:22.120 we all have to kind of there's this circle that goes on and we are all maybe picking where do we
00:36:27.200 start the story on the circle but at the end of the day I think it's just a circle oh no I'm saying
00:36:31.000 there is a circle there is a circle okay yeah right so but if you're a law and order guy i
00:36:34.680 imagine you were not happy about anthony fauci being pardoned in advance and then not giving
00:36:40.040 any testimony whatsoever i've been very clear so i prefer people to give testimony absolutely and
00:36:45.080 and you know and this applies to both republicans and democrats i'm not being on the fifth i'm not
00:36:50.360 big on the way that presidential pardon power has been used by democrats and republicans for a long
00:36:55.880 time so all of these elements so we probably agree on that part i also uh think that the idea of
00:37:02.120 looking at fauci as a criminal target did not ever really seem warranted to me now i'm willing to have
00:37:08.600 my mind changed on that but from all of the stuff that i've been reading and the books about him and
00:37:13.480 the reports the idea of fauci as a target after 50 years of basically working i believe in basically
00:37:20.840 good faith for the national health of the country, on the circle we're talking about,
00:37:26.540 I would go, well, that's a problem. If you start there, I understand the pardon, even though I
00:37:31.520 disagree with the ways the pardons have been used. Well, hold on. Anthony Fauci is quite credibly
00:37:37.560 being accused of funding research that may have led to this pandemic breaking out. What research
00:37:42.400 is that? The gain of function research. Specifically though, where and what year was
00:37:47.300 that funded and he funded it personally he was i don't remember the details billy could you look
00:37:52.140 this up with with venice ai what is the link between um the funding of that instant the wuhan
00:37:58.200 institute of virology and gain of function research and anthony fadge because i believe there
00:38:02.480 were some emails that indicated but i'm offering from memory so we'll make sure we'll make sure
00:38:06.540 to get our i'm glad let's take a moment and i i should say whatever one ai question says i would
00:38:12.840 want to do deeper research to feel fully informed about it.
00:38:15.420 But let's see what it is.
00:38:16.640 The Fauci's agency, NIAID, gave EcoHealth Alliance a multimillion dollar grant and about
00:38:24.620 $600,000 of it went to the Woodland Institute of Virology, so the money has been direct.
00:38:29.420 Critics say it amounted this amounted to funding in function research and contradicted Fauci's
00:38:35.720 denials for Fauci and his NIA to dispute that characterization and say it did not force
00:38:41.100 COVID-19.
00:38:42.000 Right.
00:38:42.280 doesn't seem dispositive one way or the other well no like a fraction if you're a law and order guy 0.95
00:38:46.940 this is the kind of shit you'd want to investigate sure and i'm fine investigating it but you said 0.86
00:38:51.320 you're okay with the pardon the idea i understand the pardon because you had a republican party you 0.99
00:38:56.800 said you understand yeah i'm again i don't like the entire this this entire like i'll pardon all
00:39:01.140 these people before i leave and i don't i don't like that but just speaking as people what we
00:39:05.620 just heard is sort of like fauci worked at an agency the agency he ran the agent funded a bunch
00:39:12.420 of different well yes but he ran the agent i don't think there's any evidence he's personally
00:39:15.620 directing grants it sounds like what was said was there was a grant which funded a bunch of labs
00:39:20.740 one lab got 600 000 and it's possible that that lab was doing gain-of-function research what no
00:39:26.420 it was well he said indirectly you know it was doing gain-of-function research but not necessarily
00:39:31.140 that they're denying that it caused and we don't know about funding being for that project listen
00:39:35.960 i think we're in the weeds here the reason we're in the weeds here david the reason we're in the
00:39:40.460 weeds here is solely that i think based on you i'm just holding your argument up and stress
00:39:46.500 testing it your argument is that you understand the pardon and you said because you didn't think
00:39:52.140 criminal uh anthony fauci was a warranted target for a criminal investigation and i said there's
00:39:57.720 a very serious accusation being made against him that when he was in charge of this agency,
00:40:03.100 he contributed to the funding of gain-of-function research.
00:40:06.460 So based on what he just read, I don't know that your characterization is accurate, but
00:40:11.760 let me take a step back a little bit.
00:40:13.460 But that's why you need an investigation to establish it, which is prevented by the
00:40:18.640 pardon that you understand.
00:40:19.780 I think the critical part here for me is there's a difference between an investigation into
00:40:25.460 who funded what, and the lock Fauci up stuff, where we don't even know whether anything he did
00:40:31.720 would even be criminal. Like, what I'm saying is, let's imagine that what he said, which was
00:40:36.580 indirect and critics say, which critics say is not the evidence says, it's critics say.
00:40:41.740 Imagine that everything he said, instead of being, well, this is what some say,
00:40:46.160 it all happened. What is the criminality of it? And the problem I had was, it was very,
00:40:52.060 when you have senators saying we got to put fauci in prison that seems unhinged to me investigate
00:40:58.300 what was funded etc but jumping to this is criminal and he should personally be in prison
00:41:03.420 seems wacky to me sure fine saying that someone should be in prison before they've been convicted
00:41:09.260 is obviously it's political rhetoric but it's not even convicted it's are we even talking about
00:41:13.980 things that would be crimes well i think that if you were to find out that the leader of a u.s
00:41:22.060 agency was funding gain-of-function research in another country which would that was deliberate
00:41:27.660 right funding gain-of-function another country was deliberate because you can't do it in america
00:41:31.340 you're not allowed to thereby potentially causing a pandemic that killed millions of people around
00:41:36.780 the world i'm pretty sure that whoever was responsible for that if they in fact were
00:41:41.580 would be up the creek without a paddle
00:41:44.880 when it comes to the criminal justice system.
00:41:46.940 And I'm not trying to be cagey.
00:41:48.660 It's a legal question.
00:41:49.780 I don't know if the NIH funds 40 labs
00:41:53.660 and one of them...
00:41:55.280 I just don't know.
00:41:56.200 I don't know the legal answer.
00:41:57.000 But flip it.
00:41:57.500 I'm fine investigating,
00:41:58.920 and I think that the focus on locking Fauci up
00:42:01.700 from Republicans makes me understand
00:42:04.100 the preemptive pardon
00:42:05.180 while I'm against the pardon industrial complex.
00:42:07.800 I think that's the way I would summarize it.
00:42:09.880 That's how I would summarize my view.
00:42:10.980 I mean, and if new information comes to light, I'm glad to revisit.
00:42:14.400 Look, I think one of the reasons, let's call it the pardon industrial complex, I really like it.
00:42:19.400 It sounds like a punk band.
00:42:20.620 Well, it quite is because you have people hiring lawyers and saying, work on getting me a pardon, get invited to Mar-a-Lago, talk to, you know, etc.
00:42:28.040 It is quite a, it is sort of an industry.
00:42:29.980 Yeah, absolutely.
00:42:30.840 But the reason I think, I mean, let's not, just the Fauci thing, let's just look at that.
00:42:35.540 I think the reason it's so damaging is the average American looks at that.
00:42:39.260 And not even the average American, the average person will read about that and go, oh, that's clearly corruption.
00:42:44.740 Why are you going to give a preemptive pardon unless you've done something wrong?
00:42:48.980 And so your thought is all preemptive pardons are inherently corrupt.
00:42:53.160 I think I just think that they shouldn't they shouldn't be on the table.
00:42:57.360 Well, I don't I would be fine. I don't even know that, though, David, because this is this was actually the meta point I was trying to make about the country as opposed to Republicans versus Democrats.
00:43:05.740 I actually think you're in a cycle now where if I was the president, I'd probably be giving myself and my kids presidential pardons in advance just because I knew the other side was coming in and going to be as vicious as my side had been.
00:43:21.600 And this is an endless cycle of revenge.
00:43:23.160 That was my actual point.
00:43:24.160 Okay. I mean, it's a perfectly fine point to make in the abstract, but we have seen, even to your admission earlier, a level of corruption from this particular administration that certainly warrants investigation.
00:43:40.160 Now, to your point as to whether there are going to be inappropriate prosecutions, etc., I kind of doubt it because the DOJ and Todd Blanche have made clear we are an arm of the White House.
00:43:51.440 He recently said it. And so I struggle to imagine that sort of bogus ham sandwich type indictments are going to come down from a from an AG who says, I basically do what Trump wants and work for Trump.
00:44:03.640 So I I don't have that concern. But if we want to zoom out and say this entire pardon situation is is regrettable and not a good thing for a democracy, I would join you in that.
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00:46:01.520 So let's look at the left
00:46:14.600 Because you're on the left
00:46:16.080 You are very critical of Trump
00:46:18.200 You're very critical of the right
00:46:19.360 Which is completely fair
00:46:21.620 Thank you
00:46:22.220 Why are you on the left?
00:46:24.640 What is it about the left that you think
00:46:26.680 Can actually solve America's problems?
00:46:28.720 In fact, you've got a $40 trillion
00:46:30.540 debt, for example? Well, I tend to look around the world and say, what are the systems that have led
00:46:38.680 to the greatest well-being? And I don't have a sort of emotional or ideological attachment
00:46:44.740 to one thing or the other. I really try, and I don't always succeed, to just try to look at the
00:46:50.620 facts. And so when I look around the world, I don't see any libertarian utopias in the mold of
00:46:58.300 the more extreme libertarians that have high levels of well-being. So I go, okay,
00:47:04.620 that might point me away from that as a way to organize government. I don't look around the
00:47:09.260 world and see communist regimes and say, wow, things are going so well and these economies
00:47:15.620 are thriving. So when I look around the world, I go, listen, the places that seem to be doing best
00:47:19.960 are places with, in Europe, they call it center left. Here, we might call it slightly more left
00:47:25.480 countries like finland and norway sweden denmark if you look at larger countries or at countries
00:47:33.240 at specific points in time you also find evidence that when the governments were of that mindset
00:47:38.600 is when the countries did best a couple examples there in india the kerala state specifically
00:47:44.900 is organized more like some of those countries in europe i mentioned it's one of the most
00:47:50.460 economically robust parts of India. You look at Uruguay in South America and the years that they
00:47:58.860 had the sort of equivalent of a president who was more in line with those countries is when Uruguay
00:48:03.820 had some of the fastest GDP growth. So I've sort of attempted to come to my worldview as to what
00:48:10.680 sort of organization of government is best by looking at what has worked best around the world.
00:48:15.540 Because there's a lot of people who are going to be saying, look, David, right, the intentions are all well and good, but this debt, $40 trillion, is unsustainable.
00:48:25.060 It's only growing. We need to basically cut back on government.
00:48:30.160 OK. Are there examples of countries that have cut their way to prosperity from a point of economic catastrophe?
00:48:40.460 The UK in the 1970s, for example.
00:48:42.280 Tell me more about that.
00:48:43.060 So in the U.K. in the 1970s, we were on a three-day week.
00:48:47.440 We had incredibly high tax rates, which meant that the highest earners left.
00:48:54.580 A good example is basically every single rock band who were huge in the U.K.,
00:48:59.280 whether it was Led Zeppelin, whether it was Queen, just went,
00:49:01.540 we are not going to pay these tax rates.
00:49:03.480 We're all leaving.
00:49:04.340 But that's like 10 examples.
00:49:06.020 No, no, no, no.
00:49:07.160 But what I'm saying is those are high-profile examples of that.
00:49:11.680 there were very many rich people who then decided to leave as a result of that the UK became
00:49:17.920 bankrupt we were known as the sick man of Europe to the point we voted in that we voted in Margaret
00:49:23.820 Thatcher now there is a lot to criticize with what Thatcher did but what I think is inarguable
00:49:28.920 is she saved us economically at the time from going bankrupt so you're saying it the country
00:49:36.000 almost went bankrupt because 10 or 15 bands left no he didn't say that come on Dave I'm
00:49:41.540 trying to understand but who else left so he was saying the rich people were leaving okay the
00:49:47.320 country was going bankrupt they had what he was talking about the three-day week part of this was
00:49:51.620 a three-day work week yes okay the bodies were not being buried because there was a lot of uh
00:49:57.480 protesters uh from the organized labor movements etc and um it was partly to do with the oil shocks
00:50:04.760 of 73 and 79 as well but the fact is britain became the sick man of europe and had to be
00:50:10.220 bailed out by the IMF.
00:50:11.440 The year that that started, so what year did that process start, and what year do you think
00:50:18.540 the country had been saved by, in other words, taken out of that?
00:50:21.720 So Margaret Thatcher gets elected and begins all the reforms that Francis is talking about
00:50:25.860 in the early 1980s, and by the late 80s, the country is booming and continues actually
00:50:33.760 to do very well economically until 2008, basically.
00:50:37.220 And is yours, do you believe that government spending at the macroeconomic level, at the end of that process, was higher or lower than when it started?
00:50:46.040 You mean in percentage terms?
00:50:47.620 No, in raw dollars or percentage, both.
00:50:49.800 Well, the economy grew, so raw dollars doesn't really matter.
00:50:52.580 How about in percentage?
00:50:53.440 I don't know. We can check if you want.
00:50:55.320 We should check. I would be curious.
00:50:56.520 Billy, was, so use Venice AI, was government spending as a percentage of GDP lower or higher after Margaret Thatcher's, at the end of Margaret Thatcher's final term?
00:51:09.520 As a percentage of GDP, that's interesting.
00:51:11.540 That was what you were asking.
00:51:12.640 What I assume, if, I'm not as familiar with the history of Britain in the 80s, I will admit, so I'm sort of taking it.
00:51:18.440 No, no, no, that's fine.
00:51:19.120 My assumption would be that if the country did improve economically during that time,
00:51:24.100 it was because of growth of revenues, not cutting spending.
00:51:27.540 That tends to be how countries improve economically.
00:51:30.180 Well, it depends what you mean by cutting spending. 1.00
00:51:32.560 She took on miners and other organized labor, which was forcing the government to subsidize a lot of industry. 1.00
00:51:39.360 So they cut spending on that. 0.99
00:51:41.140 They probably would have increased spending on the military, but we'll find out what the percentage was.
00:51:45.520 Why is it such an important point?
00:51:46.940 Well, my sense is, in the studying I've done on this, that the way countries improve overall their standing economically is with policy that fuels growth rather than cutting spending.
00:52:01.720 In other words, increasing your income is a much faster and more robust way of improving the economic standing of the average person than cutting spending.
00:52:11.420 And I think that that's borne out in most of the examples that I talked about.
00:52:16.940 So government spending was lower as a share of GDP when she left office
00:52:20.520 than when she arrived, falling from 44.6% in 1979 to 80 to 39.4% in 1991.
00:52:29.580 So it was 12% lower?
00:52:31.580 It would be 5%.
00:52:32.420 Sorry, I didn't hear.
00:52:33.900 Is it 44 to 30?
00:52:35.440 5% lower.
00:52:36.080 5% lower.
00:52:36.840 Cool.
00:52:37.240 So it was lower.
00:52:37.880 Yeah, and that would be an example.
00:52:39.680 Well, I don't know that it is because it could just be driven by the growth of revenues
00:52:44.440 rather than by actually cutting any spending.
00:52:46.300 Either way, I have no issue. My view on spending is not that cutting spending is objectively a good
00:52:52.320 or a bad thing. I'm fine cutting spending in areas where I think that the government is making a
00:52:57.060 misinvestment. It's not a controversial thing. But again, towards my general view, the countries that
00:53:03.320 seem to do best have robust social safety nets. They have good business environments. They are
00:53:10.100 not seeing capital flight, I would say from high taxes. In a lot of cases, the taxes aren't really
00:53:14.900 that high. I mean, taxes in the United States, depending on what state you live in, you're paying
00:53:18.760 more than a lot of these countries that we're talking about. I think pro-growth, which kind of
00:53:23.420 is what Trump said he would be, that he was going to focus on growth. I think that that is a better
00:53:27.720 way to improve the economic standing of a country. And I think that we've seen that with the countries
00:53:31.800 that are successful. Yeah, but what you said there sounds good because you're saying two
00:53:36.700 contradictory things at the same time. You're saying you want a good business environment and
00:53:40.340 big good safety net but those are trade-offs you can't have both well everything is a trade-off in
00:53:45.780 a sense but a country like denmark has a strong business environment it's considered a better
00:53:50.900 business environment than the united states and they have a stronger safety net than the united
00:53:54.980 states all the wealth of the future is going to be basically created here and in china because of ai
00:54:00.260 and it's not going to be created in denmark well now you're making a forward-looking argument but
00:54:03.860 you were asking me how i came to believe what system of government is the ideal system i'm
00:54:07.860 I'm saying if we go forward.
00:54:09.640 Yeah, now we're going forward.
00:54:11.340 Well, look, in fact, we're staying in the present.
00:54:14.440 Okay.
00:54:15.060 Currently, all the wealth of the future and the base of that wealth is being built in
00:54:20.520 the United States and to a lesser extent in China, right?
00:54:23.360 Because all of the wealth of the future is going to be coming from tech, effectively.
00:54:27.380 All the new wealth of the future.
00:54:28.480 It may, or a large share of it.
00:54:29.960 And all of that's happening here because the U.S. has a much better business environment
00:54:33.540 than other countries in the world.
00:54:35.080 It depends how you define that.
00:54:36.300 Well, by the actions of the people who are starting businesses, if you're a business person in the UK, and we know hundreds of them, who starts a successful tech business, when it gets to a certain point, even if you're a patriotic Britain loving guy, you inevitably have to leave and go to America because it's easier to raise capital here.
00:54:56.040 It's easier to make money. It's easier to hire people. It's easier to do an IPO. All of those things are much easier to do here than they are in the UK and in much of Europe.
00:55:06.300 which is why all of that business is being done here when you look at uh rankings of environments
00:55:13.340 in which to start businesses the us is not number one and there's a lot of surprising places to some
00:55:18.780 people that are um better environments and what like i'll give you an example and by the way i'm
00:55:24.460 not like a critic of the united states as a place to start a business like we're just having a
00:55:27.980 conversation here but i'm in the united i run my business i think it's fine you just said denmark
00:55:32.540 is better yeah and then i'll give you one example of something that can be better if you're trying
00:55:37.260 to start a business when you have a safety net where you and your employees are not linked to
00:55:45.740 the revenues of the business for health care as an example this can be freeing or liberating in
00:55:51.580 a sense to say i can put everything into this business rather than worrying about how are my
00:55:57.100 employees going to get health care it's just an example i'm not arguing that anything in any
00:56:01.180 particular u.s state is good bad i'm just saying there are reasons i understand why other systems
00:56:06.620 can be good business i'm just passing everything you're saying through the filter of does this
00:56:10.620 make sense to me that's all so when you say denmark has a business better business environment
00:56:14.860 the united states to me that's a tenuous claim and then when i go well what do i know about this
00:56:20.860 i know that basically everyone in europe moves to america when the business gets successful
00:56:26.220 that tells me that whatever ranking came out for how easy it is to start a business
00:56:31.960 probably isn't reflecting the full picture because when you look at the actions of business
00:56:36.620 owners yeah what happens is they leave as soon as and we see it in our own industry by the way
00:56:41.560 right so we're like one of the few podcasters that have become big that have stayed in britain
00:56:47.980 rather than moving to the u.s we love tax time well actually to david's point i mean taxes in
00:56:53.500 most jurisdictions where you would want to live in this country are high, as high as they are in
00:56:58.960 the UK. And businesses like yours are very successful in those jurisdictions. Sure. In the
00:57:03.540 U.S., I mean. Yeah, yeah. But they mostly move to Austin or places like that. But anyway, my point
00:57:08.200 is business people seem to indicate that the U.S. has a much better business environment. And
00:57:13.020 certainly my direct experience of dealing with people here is there's a much better business
00:57:17.400 environment here. Yeah. I mean, I think it's fine to say the people you know prefer to come here.
00:57:22.400 I'm here also, right?
00:57:23.780 So it's like, I'm not disputing that.
00:57:25.360 But I think there's this idea that's, I think, very U.S.-centric, which is this is the best
00:57:30.920 place and the only place and everybody wants to be here, which is not necessarily true.
00:57:35.680 And on a per capita basis, I don't remember if it's Sweden, there are more per capita
00:57:41.340 billionaires from entrepreneurial ventures in some of those countries.
00:57:46.160 Now, they're very small countries from a population standpoint, so the number is still relatively
00:57:50.160 small.
00:57:51.280 So, moving on, there's something that always fascinates me about America,
00:57:55.400 which is your debate about health care.
00:57:57.700 And I'm a Brit.
00:57:59.260 I don't really know, actually, what's going on with the health care here.
00:58:02.880 People are very upset about it.
00:58:04.540 They're very angry about it.
00:58:06.500 You see anger.
00:58:07.840 That you know.
00:58:08.520 That I know.
00:58:09.060 I know people.
00:58:09.840 But tell me, what's going on with health care in the U.S.?
00:58:12.680 Why are people so frustrated, so angry?
00:58:14.920 Why do they feel that the system is unfair?
00:58:17.180 There's many different reasons for this.
00:58:18.940 one gripe is health care connected to your job. And there's the argument, which I think is a fair
00:58:25.200 argument, that people staying in jobs they don't really like because they need health care makes
00:58:31.520 them worse employees. And it's not only worse for them as individuals, but it's also worse for the
00:58:36.720 business to have people working for you who don't really like the job, but they're there because
00:58:41.840 they need health care. So I think the connection between employment and health care is not an
00:58:45.680 ideal thing. You then have, um, you have Medicaid. Medicaid is for people below a certain level of
00:58:51.760 income. Um, and depending on what part of the country you're in, the Medicaid coverage that
00:58:57.760 you're entitled to below a certain level of income can be very good. And it can basically cover
00:59:02.220 everything, including co-payments, everything, et cetera, or it can be poor. That's another area
00:59:07.600 of frustration. Third area of frustration. Um, people who are entrepreneurs or, or employed
00:59:13.600 individually like me, we don't have group plans through an employer that we can buy into. So I
00:59:18.440 basically buy my plan. I buy my plan from a marketplace. I pay $925 a month. That's just
00:59:25.380 my premium. And I have co-pays. I'm paying for medications. I'm paying for office visits,
00:59:33.640 diagnostics and labs, all up until a certain number. So it ends up being the case that people
00:59:39.040 who work for themselves but make slightly too much to qualify for Medicaid are out of pocket
00:59:45.420 a massive amount of money for relatively mediocre plans in terms of what they cover. So like that's
00:59:51.240 another area of frustration. All of these different things are, depending on where you're situated
00:59:56.500 economically or geographically, are things that people are struggling with. There's a shortage of
01:00:01.960 primary care doctors in many parts of the country. Many insurances require referrals from primary
01:00:07.700 care doctors to see specialists. So you call the dermatologist and they say, great, who's your
01:00:13.220 primary care doctor? You go, I don't have one. They say, well, you got to get one. You call one
01:00:16.840 and they say, we can't see you for 10 months. All of those things are areas of frustration with
01:00:22.260 health care in the United States. And a lot of people seem to feel that they're getting price
01:00:28.760 gouged every time they go and see a doctor, every time they go for something as simple as a blood
01:00:33.740 test is that a fair representation of what's happening well price gouged has a lot of emotional
01:00:39.560 language attached to it i mean what i can tell you is the following there are negotiations that
01:00:44.700 happen between providers and insurance systems where they say okay um you go in for i had an
01:00:52.960 appendectomy for example a few years ago the retail rate of the appendectomy was 35 000 in other words
01:01:00.260 if I had gone in without insurance and I had just been billed, I would have been billed $35,000.
01:01:05.340 That's much higher than just about every other Western developed country. So that's, as a price
01:01:10.660 tag, that's a crazy price tag. And for people who don't know an appendectomy, that's literally a
01:01:16.140 life-saving operation. If you don't have that and you're in your appendix burst, you can get
01:01:20.400 peritonitis and die. And we'll talk about the inelasticity of demand when it comes to a lot
01:01:25.360 of these procedures as well. Okay. So 35,000 is like the sticker price. If I were to say,
01:01:29.580 hey, I'm here, I need an appendectomy, I don't have insurance. Now, my insurance pre-negotiated
01:01:35.760 a rate for an appendectomy with the hospital system. And so they said, listen, whether my
01:01:42.660 appendix bursts or doesn't, whether I get this type of anesthesia or that type of anesthesia,
01:01:49.020 whether I need the socks on my legs that keep the blood flowing, you bill for that, all that stuff
01:01:55.220 might add up to $35,000, we pay $6,800 for appendectomies. And so the insurance company
01:02:00.760 has negotiated their rate for their customers with that hospital system. So when people say,
01:02:06.860 well, we need price transparency, this is sort of one of the things that's being talked about,
01:02:10.920 which is should the cash rates differ so much? And then how does the premium I'm paying to the
01:02:16.100 insurance relate to that? And then the third part of this is a lot of people who don't have
01:02:20.060 the insurance and they get the $35,000 bill, they don't pay it because they can't afford it.
01:02:24.340 And so those non-payments, which we say, hey, listen, you got to pay your own way if you don't have insurance, that's priced in to all of the premiums that people are paying.
01:02:35.380 So there's all of this waste and bureaucracy in that system.
01:02:38.500 The argument that people make when they say there should be some kind of universal system, it doesn't have to be Medicare for all, but there's a lot of ways you can get universal coverages.
01:02:45.780 If you eliminate a lot of this stuff, we could just spend less, which would allow it to be cheaper for individuals.
01:02:52.660 And there's a bunch of different ways countries have gotten to that, but that would be an example of something that's not working that well.
01:02:58.200 Now, I'll be very honest.
01:02:59.500 For someone like me who can afford the premium and I know what my maximum out-of-pocket for the year is, in a sense, it's working okay for me because I know I can go to the best hospital I want and get a phenomenal surgeon, which is what I had.
01:03:15.180 And I know I paid my $9.25 for the month.
01:03:18.600 I've got my annual deductible of $3,000.
01:03:21.460 I'm good.
01:03:22.160 bill whatever you want i'm okay the problem is for a lot of the people that make too much to be on
01:03:28.760 the medicaid plan how much is too much to be on medicaid i don't know the answer to that i think
01:03:32.620 it's dependent i i actually don't know yeah and it depends on the size of your family also okay
01:03:37.200 yeah okay please carry on yeah no so i think there's a lot of people that are falling falling
01:03:42.600 through the cracks the other thing is when you look at the uninsured rate it misses all of the
01:03:48.940 people who have a plan, maybe through an employer, but they can't really use it because all of the
01:03:54.480 other costs are so significant. So I know people who have a plan through an employer. It might be
01:03:58.440 $500 a month. The employee pays two thirds. So like the employee is paying, the employer pays
01:04:03.380 two thirds. They're paying 320. You pay 180. You can afford the 180. Your co-pay is 60 bucks every
01:04:08.400 time you go to the doctor. And if you need labs, you first have to spend $2,000 out of pocket
01:04:14.640 before the insurance kicks in on the labs because you have a deductible.
01:04:18.280 So a lot of people have insurance that they avoid using unless they are very sick
01:04:22.740 because of the ongoing costs of it.
01:04:25.100 That's bad because it leads to things getting more serious.
01:04:28.100 You end up in the ER.
01:04:29.360 That's not the most efficient place to get treatment.
01:04:31.660 So that would be another problem that there is.
01:04:33.340 And why is it like this?
01:04:35.920 Well, it goes back to the period between World War I and World War II, actually,
01:04:41.020 or maybe during World War I or right after, where there was a lot of momentum to a system
01:04:47.420 like the one Germany had at the time. But it was seen as, we don't want to do anything the way the
01:04:53.420 Germans are doing, because there were... Very reasonable assumptions. 1.00
01:04:56.680 There were growing tensions with Germany. And so there was a big push at that time.
01:04:59.700 Growing tensions.
01:05:00.620 There was a big push at that time to de-link health insurance from employment.
01:05:05.300 Yeah. 0.65
01:05:05.680 But because the German model was not appealing at that time, this kind of like
01:05:09.500 uh employer-related system developed and and it's been locked in for a very long time but but
01:05:14.300 clearly there's a lot of people who are frustrated about the way the system is built today yeah but
01:05:20.780 if everyone agreed it needed sorting out you'd find a way to sort sort out so there must be
01:05:26.700 some resistance from the right in this instance because you're you're what you're describing
01:05:31.580 uh is it's a left-wing critique well it would be naturally right it would be but a lot of people
01:05:37.100 on the right do agree with it they just they just sort of code it a little bit differently so this
01:05:40.780 what i was asking is what is the what is the political disagreement that's causing the system
01:05:45.500 to remain as it is well the um the insured both the uh hospital system lobbies and the health
01:05:53.980 insurance lobbies are very powerful and significantly entrenched with uh it's not only
01:06:00.620 republicans it's republicans and democrats many democrats are also taking money from these
01:06:04.620 companies and so there's a feeling and how true it is you know we could sort of debate there's
01:06:09.180 a feeling that the vast majority of elected officials don't really want to kind of upend
01:06:14.540 the system and they'd rather work around the fringes and make little tweaks that still keep
01:06:19.500 the insurers happy well okay that's politicians those politicians must have a base of support
01:06:25.820 though is if you got a normal republican who doesn't agree with your point of view on this
01:06:31.100 What would they say? I would be curious today what they would say. I mean, I think 10 years ago,
01:06:36.220 they would probably say, no, I believe that the insurance companies and the hospital systems are
01:06:42.280 working well together for my benefit. And we don't want to do the socialism thing that Canada has
01:06:47.520 because you wait six months for a hip replacement. You know, I think that the critique would have
01:06:50.760 been something like that about 10 years ago. I think increasingly and to a degree, Trump has
01:06:55.480 played a role in this because Trump has said the system's not working. His ideas for fixing it,
01:07:00.520 I don't think have been so good, but Trump has sort of been populist in his language on this.
01:07:05.100 I think today you would find much more agreement from your average Republican that the system is
01:07:09.580 broken. I would be interested in talking to them, though, about how they would fix it.
01:07:12.880 Well, I suppose part of it is also what you said, which is if you're doing well,
01:07:17.400 it actually works great for you. And this is one of the things I always think about when I think
01:07:21.320 about the difference between our country and yours is I always say America is an amazing place to be
01:07:27.120 rich. It's probably the best place to be rich in the world. It's kind of a hard time, tough,
01:07:31.240 tough, tough place to be middle class. I think that's true. And it's a horrific place to be
01:07:36.460 poor. Yeah. And Britain is almost the other way around in every way. Like it's actually,
01:07:41.320 comparatively speaking, this is all comparatively speaking, a much more comfortable place to be
01:07:45.220 towards the bottom end and a much less good place to be rich in because the government really comes
01:07:53.080 after you and taxes you and also the culture is very different i'm interested in that because
01:07:57.360 i don't know if you saw these man on the street interviews that were done recently in britain
01:08:01.520 where by whom i don't know okay but there were i think it's more than one person and the question
01:08:06.460 that was being asked of of residents was if you look at the 50 u.s states and look at their income
01:08:12.660 per capita you know have you seen yeah well we're poorer than all of them exactly the average now
01:08:17.980 what i was thinking to myself was it must be sustainable to live there because outside of
01:08:25.260 that income there are benefits that you get like access to the nhs that must in some way subsidize
01:08:33.180 what is a nominally low income like is that your well we also have tax credits for people who don't
01:08:38.300 make enough money okay uh well don't make enough money is a strange way of framing it make below
01:08:42.780 a certain make below a certain amount the government tops it up right uh and we also
01:08:46.940 obviously have a generous welfare system for people who are not working whether that's because
01:08:51.660 they're you know have a disability or they're between jobs or whatever so um this is what i
01:08:57.980 mean when i say it's comparatively a better place to be poor because you're not going to starve in
01:09:03.180 the uk right but in america you kind of could i think that's right um and so i guess what what i
01:09:08.780 think probably part of the opposition is it is a system that works well for enough people to keep
01:09:14.460 it going well right and and uh if you are in the position that you are there is no reason why
01:09:20.140 you think because you see in the uk people at the top also get private health insurance even though
01:09:25.100 they have access to the nhs same in argentina where i'm from well and the reason is you know
01:09:29.740 that thing about you've got three factors and you can only pick two speed quality and cost
01:09:34.380 so in the uk is free actually a lot of it is good not all of it the nhs is good but generally the
01:09:42.140 thing you're compromising on is speed right so if you want to wait six months for hip replacement
01:09:46.860 you'll you'll probably get a decent one and it's free but you're gonna have to wait if you're
01:09:50.780 someone like you who makes x hundred thousand x million dollars a year why would you want wait
01:09:57.340 six months you're quite happy to get health insurance and get it straight away and have
01:10:02.940 the amazing surgeon that you had what's interesting about that is i have a an american friend who's
01:10:08.140 currently working as a doctor in the uk in the nhs system he's just living there temporarily and he
01:10:13.500 wanted to sort of learn how it works he did say that even at the nhs facilities in the er there
01:10:20.620 are policies where i believe it's that within four hours you either need to be treated and discharged
01:10:28.060 or you are determined hey we need to keep you here and you get a room assuming that his
01:10:33.420 understanding of that is true that's more efficient than a lot of the rs in the united states i mean
01:10:37.900 I mean, like, I know that that's not a hip replacement.
01:10:40.220 This is somebody who's going into the ER, but that sounds okay.
01:10:43.620 Emergency care in the NHS is brilliant.
01:10:45.620 Oh, it is? Okay.
01:10:46.240 Generally.
01:10:46.680 Yeah.
01:10:46.940 That said, they're a massive waiting list.
01:10:48.920 So that's a target you're talking about.
01:10:50.640 It does not always get.
01:10:51.920 Is that right?
01:10:52.500 No, no, no.
01:10:53.160 So this is the problem with the nationalized health care,
01:10:57.780 is you're always going to be compromising on speed and availability of service, right?
01:11:02.120 That's the trade-off.
01:11:03.220 And so when you expand coverage more broadly, you give it to more people.
01:11:09.120 It's free or cheaper.
01:11:10.880 At least it's free at the point of use.
01:11:13.000 It's actually very, very expensive because it's not very efficient.
01:11:16.240 But still cheaper per person than in the U.S.
01:11:18.920 Yes, but the argument about that always puzzles me because I think partly that's because you're getting way more for your money.
01:11:25.260 Like when I talk to people who have private health care here, it's way better than what we have.
01:11:31.580 they're getting far more advanced technology in terms of the drugs they get, the treatments they
01:11:37.200 get. There's way more availability of all kinds of differences. So you're not comparing bang for
01:11:42.500 buck. It's like you're saying this guy pays way more for his car. He does, but he's getting a
01:11:47.100 Lamborghini. Yeah, that may be. Although a lot of that stuff, I mean, most people have private
01:11:52.260 health care in the United States. And so I don't, it's less of an unusual thing. And everybody I
01:11:58.740 you know, still deals with denials from insurance companies having to fight for the newest drug
01:12:05.340 rather than the generic. Like, I think that there's a ton of that even with private insurance. I mean,
01:12:09.640 I have what's technically called private insurance, even though it's through one of
01:12:12.160 these marketplaces. And I deal with all of that stuff. Yeah, yeah, I'm sure. I'm sure. I'm sure
01:12:15.660 it happens. And by the way, the other reason will be your guys' wages are so much higher.
01:12:20.060 That's true. That you're paying for an American doctor who's getting paid 500 grand a year
01:12:25.140 instead of a British doctor who gets 80 grand.
01:12:27.060 He did mention that the salaries are dramatically lower.
01:12:30.460 Yeah, and you, well, you should see what they are in Argentina.
01:12:33.020 I have friends who are doctors there as well, and it is shocking.
01:12:36.200 Yeah, absolutely.
01:12:37.460 The one thing as well that I think I don't really understand the position of the left,
01:12:43.100 kind of unfair, but is your position on guns?
01:12:47.920 So it seems to me that there's particularly people of the left who are very anti-gun.
01:12:52.600 There seems to be people on the left who are very pro-gun.
01:12:54.760 Okay. What is the democratic position on guns?
01:12:58.480 There is not one position. What I can tell you is, I mean, listen, you could ask me my position.
01:13:04.880 I think there's a range and it also is very regional. Like, for example, Vermont, which is a very democratic state, has a very high gun ownership rate.
01:13:12.860 But the cultural dynamics of that are very different than gun ownership, for example, in cities in different parts of the country.
01:13:19.760 It's more about hunting and home defense, and it's maybe a little bit more like Switzerland,
01:13:23.960 which has a high gun ownership rate.
01:13:25.660 But culturally, the guns play a very different role.
01:13:29.620 I have a lot of friends on the left who have gotten firearms permits and firearms over the
01:13:36.500 last few years because their view is they don't want all of the guns to be in the hands
01:13:40.980 of the right, which to me is a sort of eye-opening, kind of terrifying thing where it's a little
01:13:46.460 bit of a race to the bottom in a sense.
01:13:48.260 But the point is, I don't think there is a unified position on firearms on the left.
01:13:54.380 I think what Francis was actually getting at, I suspect, is in the way that we've just
01:13:58.860 had you explain your view of the health care thing, why is the gun debate such a big thing
01:14:04.020 here and what is driving those mechanics?
01:14:07.100 Well, I actually think it is not an issue that ranks highly in state, local, or federal
01:14:13.280 elections as an issue that voters are clamoring for action on.
01:14:16.940 So I would push back a little bit on the idea that it is such a big issue.
01:14:20.340 What I do think is true is there are so many shootings in the United States.
01:14:24.380 If you go on Gun Violence Archive and you just look at yesterday, usually there's a
01:14:28.080 bunch of mass shootings where at least a couple of people were injured, if not killed, especially
01:14:32.500 when it's crazy to say a major mass shooting rather than a minor mass shooting.
01:14:36.260 But when are there these major mass shootings that sort of capture national media attention
01:14:41.640 for several days or longer. There is this sort of period where those on the left say it's too easy
01:14:48.780 to get guns, which I do agree with. Like, we have a Second Amendment. I don't dispute that. But I do 0.89
01:14:52.680 think it is too easy to get firearms in a lot of states. We need more ways to limit the types and
01:14:58.980 some specific firearms that are widely available. I think it ignites that because you see the horrors
01:15:04.780 of some of these incidents that take place, incidents that are pretty unique to the United
01:15:08.900 States. If you look around the world at places that have that level of per capita gun violence,
01:15:15.200 they are significantly less developed countries in general and not places that most Americans
01:15:20.180 would say, these are the countries in our cohort. When you go, what countries are in our cohort
01:15:24.660 so socially and economically, et cetera, they are countries with almost no gun violence. So I think
01:15:29.840 that that's why it becomes an issue. That being said, it's a pretty bad issue for Democrats to
01:15:34.560 run on in elections, because what tends to happen is you don't really mobilize your key
01:15:41.260 constituencies to come out and vote. Democrats are mostly going to come out and vote for
01:15:46.960 Democratic candidates because of economic policy and because of other issues or because they just
01:15:51.180 habitually vote. But when you take positions that are seen as adversarial to the Second Amendment,
01:15:57.040 the right activates and it can actually be very counterproductive for Democrats to run on that
01:16:01.760 issue. And I found something you said at the very beginning of this bit so interesting where you
01:16:07.720 said that your friends who are on the left were buying guns because they were worried about the
01:16:12.360 people on the right who are buying guns. Yes. They already have the guns. What's that? I said
01:16:17.080 they already have the guns. Well, there are plenty more available. Yeah. But I mean, David,
01:16:22.680 as someone who lives in America, that's that's terrifying. Terrifying. I agree with you. I agree 0.86
01:16:26.440 with you completely. And the idea I mean, you know, and to be clear, these are not people that
01:16:31.040 are open or concealed carrying. It's, I'd like to have some firearms at home locked up and the
01:16:37.220 know-how of how to use them should it become necessary. But it is motivated by when you see
01:16:45.060 the disparity in gun ownership rates, they get scared. And by the way, this is not my view. This
01:16:51.400 is not something that I've done, but yeah. But that speaks to- You don't have an armory.
01:16:55.860 What's that? You don't have an armory. You know, I make it a policy of not talking about whether
01:16:59.940 or not i have firearms he's called firearms sorry we're just messing yeah no um but that speaks to
01:17:08.180 something far deeper which is the distrust of the other and the division inherent in your society
01:17:14.520 well i don't think it's so much about political division but i think it's about this there is
01:17:19.740 something culturally in the united states that is very different than in canada than in switzerland
01:17:25.600 and other gun-owning countries, where in a lot of these countries, gun ownership aside,
01:17:31.520 the idea that you would use a firearm to try to solve an interpersonal or political dispute or
01:17:37.200 disagreement is beyond the pale. Nobody would ever think of doing that. Not literally nobody,
01:17:42.540 but at a population level, almost no one would think of doing that. Switzerland with this
01:17:46.820 insanely high gun ownership rate, it's just not happening. So I think it's a cultural problem
01:17:52.400 in the United States where it has, I don't want to say anybody authorized it, but we have gotten
01:17:58.600 to a place where a lot of people do see it as valid engagement with the system to say, here's
01:18:04.800 a problem. I might try to solve this problem with a firearm. Yeah. And what's, I think, really scary
01:18:10.420 in the context of what we're talking about is if you look at polling, particularly of young people,
01:18:17.640 that is something that has shifted dramatically. Has it? Oh, yeah. In what way?
01:18:21.760 In what way? Well, a quarter of Gen Z think political violence against people they disagree
01:18:28.780 with is justified. Oh, and that's changed compared to what? Massively. The boomers are like one in
01:18:34.120 33. One in 33 boomers thinks that it's justified to use violence against... What I mean is for the 0.95
01:18:40.980 younger group, what did it used to be compared to the 25? Well, they were 12 years old, so they
01:18:44.820 didn't have an opinion, but... Those who were that age before. Yeah, I don't know. We'd have to look
01:18:48.840 it up but it wouldn't be anything like what it is interesting and by the way this is interesting as
01:18:52.860 well it rises to 50 for progressives it for progressives of what age gen z gen z progressives
01:19:01.840 okay i would love to see that data yeah so we just had cast from bubble saying in fact that
01:19:05.380 interview hasn't gone out yet but this is something that she talked about it i mean if you want us to
01:19:08.920 look it up with no no just for my own knowledge yeah i would love to but do you get a sense that
01:19:15.140 there's a shift in attitudes to violence for political reasons? On the left, a lot of people
01:19:21.460 on the right will obviously point to Charlie Kirk and things like that. No, I mean, well,
01:19:26.300 I guess it depends on exactly what you mean by the question. What I mean by the question is,
01:19:30.340 do you think more people, particularly on the far left, think it's okay to attack people that
01:19:35.300 they disagree with? Attack them physically with guns? With weapons of any kind. It's not been my
01:19:40.680 experience. I'm not doubting the results of the poll you're citing. I just haven't seen it. I
01:19:44.740 would love to take a look at it. In terms of incidents, the majority of politically motivated
01:19:51.680 violence comes from the right. Now, to the extent that there's violence on the left, I'm against
01:19:57.640 that too. I was against the killing of Charlie Kirk. I'm against violence, period. But I do
01:20:03.880 worry that this is a problem that is not easily going to be solved. And to a degree, I mean,
01:20:13.260 listen, I don't want to just make this partisan because I really denounce all violence. If you
01:20:19.100 show me violence, I will denounce it. As we do. Over the last couple of weeks at Trump rallies,
01:20:24.120 there have been protesters that were beaten by people in the crowd. And Trump sort of encouraged
01:20:29.820 it. And if people on the left are encouraging violence, I'm against that too. But we have the
01:20:34.300 most powerful person in the country going, slap them harder and don't be... And there was a woman 0.91
01:20:39.440 who was just beaten in the head. So when you have that at the top, it's really hard to then
01:20:46.100 for teachers and parents and whoever to go, this is completely unacceptable and beyond the pale.
01:20:50.500 It's like, well, the president was kind of cheering when a woman was beaten at a rally.
01:20:53.240 That's tough. That's very tough. Well, why do you think this whole thing is happening more broadly?
01:20:57.820 Because as you say, I don't think it's a uniquely left or right thing. You know,
01:21:02.080 Republicans will say it's mostly left. Democrats will say it's mostly right. They've all got their
01:21:06.340 own stat that they want to use. Why do you think it's happening more broadly across American
01:21:10.740 society? I don't want to derail this by... I believe it's clear that it's happening more on
01:21:15.440 the right, but it's... I gave you the stat about attitudes, right? Sure. So you could say, you
01:21:20.100 know, progressives are more likely to use violence. They just don't have guns or they're less likely
01:21:24.000 to get a gun or they're less this or less that. Well, it depends what type of violence you're
01:21:27.100 talking about, knives, what... That's what I'm saying. Why is this America just getting to a
01:21:32.780 position where political violence is increasingly an issue? I don't think there's one answer to it.
01:21:37.420 I think the, unfortunately, the way it has become normalized to engage on social media,
01:21:44.440 which is disgusting. I mean, 98% of my interactions on social media are extraordinarily antisocial.
01:21:51.000 In person, they're not really that way. But if it carries over, if people are getting amped up
01:21:56.400 on social media, stochastically speaking, probabilistically, some portion will take
01:22:02.260 those emotions and push them into the real world. So I think that that is definitely one factor.
01:22:07.780 I've not seen evidence, you know, there's the idea of dangerous, violent movies and video games. I've
01:22:12.020 seen no evidence that that's a factor, so I don't really go in that direction. I think the
01:22:15.920 coarsening of political language in the Trump era is absolutely a factor. And beyond that,
01:22:22.780 I don't know. I mean, I don't have all the answers on that. I know it's clearly happening
01:22:27.100 and it's terrifying. I mean, I was just on book tour. The security arrangements that we were
01:22:33.360 making on my book tour, the fact that we were even making them was disgusting to me and that
01:22:38.460 everybody was saying, this is just kind of like what you have to do. It's absolutely horrifying.
01:22:42.860 Yeah. I think that undoubtedly is the case, which is why I'm asking about it.
01:22:48.560 The thing is, it's definitely, I would agree, Trump's rhetoric from 2016 onwards, actually, from 2015 onwards, is definitely something that contributes to that.
01:22:59.580 I also think portions of the left, particularly during Woke One, as AOC calls it, or just woke, calling everyone Nazi, Hitler, etc., this sort of linguistic expansion to way beyond the remit of those words.
01:23:16.380 Well, if I was a 15-year-old and I was told that somebody is Hitler,
01:23:20.760 I kind of think it would be my duty to go and take them out, right?
01:23:23.480 A lot of 15-year-olds have no idea who Hitler is or really much of what he did.
01:23:27.180 So I'm not sure about that.
01:23:28.460 What I think, which is a commentary on education more than it is anything else.
01:23:32.140 Sure, but I think you'd accept my argument.
01:23:34.200 I would accept your argument.
01:23:35.080 To that point, the number of incidents of prominent left-wing violence
01:23:40.260 with guns against right-wingers for political reasons is small.
01:23:43.740 I mean, I know we're getting back to the data.
01:23:45.620 I reject all of it. I'm against all of it. But it is relatively small. What I do think is a problem is I've seen a lot of videos from various protests, protests for Black Lives Matter or protests for Gaza or all of this different stuff where there is an anti-speech attitude that I detect where people with dissenting views are sometimes sort of shouted out or down or physically pushed out or restrained or that sort of thing.
01:24:15.620 And that is a concern to me as well. I'm against that. And I think that not that that's a precursor to necessarily somebody takes out a knife or a gun.
01:24:24.800 But I think it's all part of the environment that I don't like around these issues and around speech.
01:24:29.300 How big of an issue is the Gaza-Israel situation? Because in the UK, I'll be honest with you, in the left, it's a huge issue.
01:24:39.060 It's a huge issue. I would even argue that it's practically impossible for someone on the left to come out and say that, for instance, you know, have a nuanced opinion or maybe be pro-Israel in certain instances and actually have a future, certainly within the mainstream left party.
01:24:55.240 it's a good question there's a couple different things that are going on at the same time
01:24:59.880 if you poll democratic voters it's a very low priority all foreign policy for the most part
01:25:06.600 is a is a relatively low priority for voters big picture if you're on reddit and twitter
01:25:14.040 your perception would be that it is the issue if you pay attention to you know it seems like
01:25:21.480 every town hall has a protester that is solely focused on that issue so i i think that much like
01:25:29.960 in 2020 if you were just looking on reddit and twitter you would assume bernie sanders was going
01:25:35.000 to run away with that primary if you spoke to democratic voters in michigan and south carolina
01:25:39.480 you would have said oh actually they actually do seem to like joe biden better i think that
01:25:43.320 depending on what spaces you occupy your perception of the issue can be different i do think though
01:25:48.440 though, to your point, in the 2028 primary, it is probably going to play a somewhat prominent role
01:25:55.080 as a litmus test for some or maybe all of the candidates. That's really interesting. But it
01:26:01.300 makes sense because one of the things I always realize, every time my feet touch on American
01:26:07.360 soil, I go on what's happening in the UK and I'm like, I don't really care. Do you know, it's kind
01:26:13.140 of, I don't care as much as when you're there because when you're here- He's a traitor. It feels 0.82
01:26:17.300 further afield. It just feels further afield because you're so, it's so big here. There's
01:26:22.480 so much going on. You're so far away from everything that why would you care as much
01:26:27.340 about something that's happening in the Middle East? And you're largely insulated from the
01:26:30.980 consequences as well. So that was what I was going to get to next, which is some of these
01:26:35.300 things do have, I mean, listen, it's legitimate to say the Iran war is far away, but it's affecting
01:26:40.020 our day to day lives. Totally legitimate. It's legitimate to say, well, we have an interest in 0.99
01:26:45.220 the Israeli-Palestinian conflict because we send a lot of aid to Israel. And so the United States
01:26:50.720 is involved and that's different than Rwanda or whatever. So like, I think that that is a 0.99
01:26:55.640 legitimate argument, but in the polling, which is really the only thing we can go by, it continues
01:27:00.660 to rank like trans issues are, they're just nowhere. The most foreign policy is nowhere on
01:27:07.460 there. Guns are very low, but crime, immigration, economics, education are ranking really high.
01:27:14.100 And in a sense, it does make sense because that is what is most day-to-day affecting people in their lives.
01:27:22.060 And what do you think is the sensible position on Israel and Palestine for the left to take?
01:27:27.440 Well, so what is the sensible? You'd have to ask a lot of different people.
01:27:32.240 I'm asking you.
01:27:32.900 Yeah, I have laid out a plan that has been relatively consistent over the last 15 years
01:27:38.060 as to what I think is the most likely path to lead to peace.
01:27:41.260 and I don't even think we're at a point right now
01:27:43.000 where that conversation can seriously happen.
01:27:45.400 I highly doubt that Hamas and Likud under Netanyahu
01:27:49.160 are going to be the likely arbiters
01:27:51.260 of a durable peace in that region.
01:27:53.140 So, like, just putting that very much up.
01:27:54.820 But if we were able to get to a point where we felt,
01:27:58.760 all right, the negotiators and the participants
01:28:01.260 are people we think are credible
01:28:03.020 in terms of being able to figure something out.
01:28:05.200 I've talked about, like, listen, I'm for a two-state solution.
01:28:08.220 I think that there are going to have to be
01:28:10.280 some land swaps for some of the settlements that are in place, which Arafat was okay with
01:28:16.660 at a point at which he was alive and weighing in on it. I think that Jerusalem is going to 0.88
01:28:24.100 be complicated because there's a lot of conflict over Jerusalem. East Jerusalem probably is going 0.88
01:28:30.800 to have to be part of an eventual Palestinian state. The contiguity of the Palestinian regions
01:28:36.600 is going to be a topic because Gaza and the West Bank are physically separate.
01:28:40.500 And so, like, I've seen proposals where it's like, well, you quite literally kind of like
01:28:44.540 need to put a road that would make that a more contiguous state.
01:28:48.800 I've laid out all of these different things.
01:28:50.680 This is all genuinely great, but we're in dreamland.
01:28:53.140 Yeah. And so, like, I don't think that I mean, listen, so here, what are the big things?
01:28:58.580 If you're arguing that the solution is Israel no longer exists or isn't a Jewish state,
01:29:03.620 I don't think that that's going to go anywhere. 0.62
01:29:05.640 If you're arguing that Gaza and the West Bank are absorbed into Israel and Palestinians have
01:29:11.020 no state, I think that that's totally on the other end and that's also not really going to
01:29:15.160 get us anywhere. I mean, those are my big picture views. Yeah, well, I agree with that. The problem
01:29:20.020 is, though, that none of that is actionable today. No, it's not. And the left screams genocide.
01:29:27.980 People who are pro-Israel will say that's complete nonsense and they'll have a good
01:29:33.620 explanation of why, which is why you have the complete stalemate that you have. And frankly,
01:29:39.820 at this point, just an endless sloganeering with no relevance to the actual solution.
01:29:45.500 Yeah, I completely agree with you. And so I think a more salient question for today is,
01:29:49.500 what would it take to even get credible negotiators to the table? And I have no idea
01:29:55.580 what it would take. Unfortunately, it seems completely intractable.
01:29:59.000 Well, right. If you're pro-Israel, you say we can't negotiate with Hamas, who are the people 0.99
01:30:04.100 who organized October 7th. And I imagine if you're Hamas, Bibi Netanyahu is not your favorite guy to 0.86
01:30:10.460 talk to either. Right. Right. But where does that leave American support for Israel, in your opinion?
01:30:16.380 Well, it's very fragmented. I mean, I think overall, Israel has really damaged itself from
01:30:22.340 a public relations perspective. And it seems irreversible for as long as Netanyahu is in
01:30:29.500 charge. I mean, it does seem as though that is going to be, at this point, that would have to
01:30:36.160 change before there would even be the consideration of opinion being revisited in the United States
01:30:41.020 among many. You also are starting to see people on the right who are just sort of like, hey,
01:30:45.580 we're kind of sick of this. Let's stop sending money over there, et cetera. And you have more
01:30:49.780 calls from left and right to cut foreign aid, which I actually kind of think that, you know,
01:30:54.820 even Netanyahu has now acknowledged that he has a plan for off ramp ramping foreign aid.
01:31:00.460 I think that that's probably a good idea from an optics standpoint so that then a lot of people
01:31:04.660 can say, OK, well, we've we've dealt with that piece of it that a lot of you are against.
01:31:08.980 Let's now see if we can move to the next step. But I I wish I had better and more robust ideas
01:31:15.200 on this, but it does not seem like it's going to be going anywhere anytime soon.
01:31:18.680 Are you optimistic for America, David?
01:31:22.160 Oh, boy.
01:31:23.360 I mean, yes.
01:31:24.640 So being Jewish, I am both optimistic and worried everything will go terribly wrong.
01:31:30.200 I think it's sort of like genetically in built into me in some way.
01:31:33.840 I mean, I am a natural optimist and I don't want to do the whole like Steven Pinker thing
01:31:38.760 where you just go like fewer people over time are dying from famine and war at a global
01:31:44.380 level. 0.95
01:31:44.780 Like, OK, yeah, like that may be true.
01:31:46.240 but our expectations as we become more advanced as a society also change. So I don't know that
01:31:50.920 those rudimentary metrics really tell you everything. I'm optimistic because if you look
01:31:56.380 even just over the last hundred years in the United States, like forget about like how many
01:32:00.700 people are dying in wars, et cetera, there have been material improvements to standard of living
01:32:05.860 that I think are significant and important. And also I think we have to be careful of reversals
01:32:13.780 under the guise of a lot of times empires don't last forever. And just because things are going
01:32:18.020 in one direction doesn't mean that they're going to go in that direction indefinitely.
01:32:21.380 I don't want to just make it partisan and go, only if Democrats win will things be better.
01:32:26.020 Like, that's just so simplistic. And I don't think it really relates to
01:32:29.300 the situation on the ground. And it's also not going to happen.
01:32:32.560 And it's also not going to happen. Yeah. I mean, I don't think we will have
01:32:35.120 indefinite Republican or Democratic rule in this country for the foreseeable future.
01:32:39.380 It's the beauty of the Constitution and the system of government that you have.
01:32:42.620 In a sense, it is, but I am naturally an optimist, so I would say yes.
01:32:47.540 What about AI? What do you think AI is going to do?
01:32:50.200 This is a conversation we've been having with everybody,
01:32:52.080 and actually, wherever you go is what people are talking about.
01:32:57.140 I was introduced to the concept of P-Doom the other day.
01:33:00.680 Have you come across? It's a big thing here.
01:33:02.840 It's basically the percentage of likelihood that everything goes to shit 0.99
01:33:08.000 and everyone dies, basically. What's your P-Doom, David? 0.99
01:33:10.760 so my view on technology is very much informed by neil postman and his writings in the 80s and
01:33:17.760 early 90s about this and so the movement that is trying to basically stop ai i think that that's a
01:33:24.380 dead-end waste of time completely but that's to add to your doom though because you go you definitely
01:33:31.060 can't stop it yeah and it and it will be at the very least extremely disruptive but you can't stop
01:33:37.440 it and you have a collective action problem and then you add AGI on top of that.
01:33:41.620 Yeah. What do you do next? So my focus would be setting up guardrails that will give us the best
01:33:50.520 chance of maximizing the good that comes from it while limiting the bad, which was Postman's view
01:33:55.800 on every technology. And even if you go back to when we had horse-drawn buggies and then the
01:34:01.920 automobile came forward and there was a lot of concern of there are going to be traffic accidents
01:34:06.160 and all of the horse buggy drivers are going to lose their jobs
01:34:09.040 and all of these other different things.
01:34:10.460 Like, well, we now understand the inevitability of the technology of the car.
01:34:14.380 Would we have been better served working on limiting the traffic accidents
01:34:17.740 and finding new jobs for the buggy drivers from the beginning 1.00
01:34:20.240 instead of spending years with people trying to simply suppress
01:34:23.420 the emergence of that technology?
01:34:26.020 That's my camp.
01:34:26.980 I'm not a technical person who is going to be able to tell you exactly
01:34:30.580 from a programming standpoint what needs to be done,
01:34:33.940 but i think that there are undoubtedly many good things i mean listen i have i have doctor friends
01:34:39.660 who are now using ai who say we on every single uh mole that i biopsy and send in i show it to
01:34:50.160 they have like a medical ai that specifies on that and they're like it's as good as i am at this
01:34:54.880 point and it stands to reason that without biopsies in 18 to 24 months you'll be able to just show
01:35:01.340 some of these tools, a picture of your mole. You won't have to get it popped out. And now,
01:35:06.260 you know, is this cancerous or is it non-cancerous? I think all of those things are good.
01:35:10.700 Obviously. Do I, of course, have concerns about what does this do to people's, especially if it
01:35:15.900 starts taking away jobs, not only what does it do economically, but what happens to people's
01:35:20.760 sort of sense of self and their meaning and value in the world? I don't have an answer to that.
01:35:25.460 That's a concern. I think that we're going to have to figure that out. I think it was Keynes
01:35:29.140 who used to say like, listen, eventually we'll all be working 12 hours a week because of technology
01:35:33.860 and have all this leisure time and everybody will be living well. And that was like a hundred years
01:35:38.860 ago. And as we see, people are working more than ever, not less. So I'm hesitant to make any of
01:35:43.720 those specific predictions, but I think some of the social stuff and the economic questions are
01:35:47.980 the biggest ones for me. David, thanks so much for coming back on. I really appreciate the spirit of
01:35:53.660 this conversation. I have as well. And we are not going to have any problems after this one on
01:35:58.520 because I'm no longer on Twitter it was actually on YouTube but was it okay but
01:36:04.040 it's all good so far from my memory that I don't even know look we we when we set
01:36:10.520 out to do the show we have our own views on things but the thing that's important
01:36:13.880 for us is to have people on from across the political spectrum right and to have
01:36:18.140 this kind of conversation which as you rightly say because of social media and
01:36:23.320 the way people behave on social media increasingly is very difficult so if
01:36:27.240 people come on here and think they even think they disagree with us, the moment there's any
01:36:32.360 dispute about the facts, we look something up or whatever, it becomes very interrupty and
01:36:37.860 disrespectful. We had this thing with Owen Jones very recently where the conversation just derailed.
01:36:42.220 I heard about that, but I haven't seen it. Was it off the rails?
01:36:45.120 Yeah. And it's the thing that's irritating for me is that it's a waste of people's time.
01:36:51.260 Right. I feel like the conversation we just had is not a waste of people's time.
01:36:54.940 Well, let's hope. No, it's just guaranteed because people heard your views expressed in a way that they can digest.
01:37:03.640 They might not agree with your views. We might not agree with everything you say, and we don't.
01:37:08.040 But at least the views have been explored, and now everyone knows what people of your disposition think about health care
01:37:15.340 or what they think about guns or what they think about the priority rankings of different things.
01:37:19.700 They see, by the way, that there's someone on the center left who's actually being honest about Israel, right? 0.77
01:37:24.900 You're the first person that's basically said the truth, 0.99
01:37:27.380 which is, it's totally fucked and no one knows how to fix it. 0.97
01:37:29.820 That's kind of the accurate summation of what you said. 0.99
01:37:32.080 Which is hard to dispute, I have to say.
01:37:33.820 You can't dispute that. That's a fact, right?
01:37:36.140 If people in podcast studios, I always say this,
01:37:39.020 if people in podcast studios could solve the Middle East peace crisis,
01:37:44.020 maybe they wouldn't be sitting in podcast studios.
01:37:46.220 You know what I mean?
01:37:47.200 And so a little bit of that actually factually grounded humility
01:37:50.800 I think is great for people to see.
01:37:52.300 and people talking across whatever they perceive the political lines to be.
01:37:56.160 I think it's awesome that you came on,
01:37:57.940 and I think it's awesome that we had the conversation that we did.
01:38:00.000 Why wouldn't I do it? That's the question.
01:38:01.820 Yeah. There's a lot of people who don't want to do it.
01:38:03.960 Is that right? Do you struggle to get certain people on?
01:38:06.000 Yeah, and when they come on, they derail the conversation
01:38:09.820 into endless interruption, endless gotcha, and whatever.
01:38:13.220 And the worry is for me is because they know they don't have
01:38:15.940 the ability to back up what they're saying.
01:38:18.680 You have your views, and you've backed them up very well,
01:38:21.820 and we had the discussion because of that.
01:38:23.960 I wish more people from the left could do that.
01:38:26.420 I really do.
01:38:26.700 I think they should.
01:38:27.540 Yeah, I agree.
01:38:28.220 That would be my preference.
01:38:29.060 I agree.
01:38:29.580 All right, we're going to head over to Substack
01:38:32.000 where our supporters get to ask you their questions.
01:38:34.400 Oh, are we right now?
01:38:35.980 Surely.
01:38:36.540 Yeah, we're walking to Substack.
01:38:38.340 We'll do it in the paywall section after this.
01:38:40.280 Before we do, what's the one thing
01:38:41.660 we're not talking about that we should be?
01:38:43.340 Well, we have lost a shared basis in fact
01:38:46.860 at this point in time,
01:38:48.760 and even for what facts are.
01:38:51.620 So when I think back to like the vaccine debate, for example, around COVID, there were a lot of
01:38:57.720 conversations that were not even situating what issues are matters of opinion and what issues are
01:39:03.340 matter of fact. Forget about whether we agree about the facts. Like we can't even open the door
01:39:07.260 to what the facts are until we even agree, like, is chocolates the best flavor an opinion or is it
01:39:12.980 a fact? And I think we've lost that. And I have a lot of problems with people who call into my show
01:39:17.900 and they're arguing with me on a basis that is they're basically putting up opinion up against
01:39:23.660 fact. And I think that we need to recognize that to try to put back on the rails a lot of these
01:39:29.400 conversations. I think your arguments about interruptions and unwillingness are one factor
01:39:34.320 about why conversations can't happen. But when I have some of these conversations and we have lost
01:39:38.680 a shared basis of what we do to establish facts, preemptively derails a lot of the conversations
01:39:46.580 I'd like to have.
01:39:48.220 David, what a pleasure.
01:39:50.040 Make sure to join us on Substack
01:39:51.880 where you get to ask David your questions
01:39:53.500 and we continue the conversation.
01:39:56.820 Will the DSA hijack the Democratic caucus
01:39:59.680 in the same way that the Freedom Caucus
01:40:01.540 hijacked the Republican caucus?