00:07:20.400socialism would benefit more people than capitalism
00:07:22.960because it's not a one individual run all it's the people work together okay how would you see
00:07:28.720socialism helping the housing industry like we're talking about that so how would socialism help it
00:07:33.680it's kind of hard to take it in at this point because the housing industry is fundamentally
00:07:38.700flawed in any province in canada but theoretically how could it help i mean if we were looking at
00:07:45.680the building of more homes that were rent controlled for the ability for people to
00:07:49.760purchase at a place where rent stays solid and solidified at that rate for a period of time but
00:07:55.080of course you need to find the money we don't have the money and we don't have the money because
00:07:59.060we've lived in a capitalist estate since the beginning of nation-state building so right so
00:08:05.060we're talking about incentivizing people like who's going to build these apartments these houses
00:08:11.040that are going to be rent controlled well that creates jobs right right but like is the government
00:08:15.820going to build them is private industry going to build them like who's going to build them
00:08:19.240it could be a government project but okay like
00:08:21.960because like historically there's been a lot of experimentation with rent control
00:08:28.700a lot so we have a lot of case studies to look at to see what happens when you rent control something
00:08:33.560rent control houses so one of them being new york where they've had a lot of rent control in the
00:08:39.66070s and the home owners these the people who owned the apartments were like screw this i'm
00:08:46.720going to get more money from the insurance the fire insurance on my apartment than I am from
00:08:52.100the tenants in there now so they built they burnt down their apartments right so but that's like an
00:08:57.620extreme case right it's also the individual again right like okay but we want to benefit the majority
00:09:03.040do the most good for the most ton of people so then it would have to be government run if you
00:09:07.540want anything built it would have to be government run because when we privately run a rent controlled
00:09:11.980housing industry houses don't get built office spaces do not houses so you would talk about
00:09:18.740government-run something government-run building or fueled or whatever and that I think would be
00:09:26.600slow I don't think you would be building enough and there would probably not be enough supply
00:09:31.380ever because when something is artificially lower than the demand says that it should be
00:09:35.640people are going to take more right so someone might actually have more than one apartment or
00:09:40.320something and we would have like that's what tends to happen when you have rent controlled
00:09:44.880anything yeah i don't think that capitalism is the root of all the evil but i don't think
00:09:50.020capitalism is a functioning system anymore we're seeing it now where we have people like
00:09:54.340uh elon musk who has billions of dollars but then we see people halfway across the world who can't
00:09:59.420can't even afford to eat the capitalism system is not fair to everyone even us now walking around
00:10:05.160we're privileged to be in the position we are but yet we must we're closer to being broke completely
00:10:10.200than we are to ever getting to a point like Elon Musk.
00:10:12.900Capitalism is very individualistic, and it wants us to individualize ourselves
00:10:16.680because it's easier to gain political power or leverage in those cases.
00:10:21.920Right, but we used to be able to build more wealth.
00:10:25.740Things were better for us when we had more of a capitalist society.
00:10:28.940Like, you're saying that we can't grow, we can't be better as human beings,
00:10:33.520as a society, if we're capitalists, but I would disagree.
00:10:36.720I think it incentivizes us to be better, to work harder and to build something good for us.
00:10:42.360Like if you look at the people that have actually built wealth for themselves, like not just the Elon Musk, but like the Jeff, the Mark Zuckerbergs and the other people, they worked night and day.
00:10:52.260They slept like four hours every night and worked the rest and they built something good for themselves.
00:10:57.560And I think that's what capitalism does is it gives someone the freedom to do that.
00:11:01.960And if someone doesn't want to work as hard, then they have a job.
00:11:05.640If you have a growing economy, then you at least have a job.
00:11:08.800I can appreciate that, yes, somebody might work hard,
00:11:12.260but you should not have to work that hard to be able to live comfortably in a society.
00:11:16.380Okay. I still think that you should have to work.
00:11:20.640I'm not saying you don't have to work.
00:11:22.000I don't believe in the whole ideology of the people who are on welfare programs
00:11:25.280or the people who are benefiting are doing this because they don't want to work.
00:11:28.160They're doing it because they're put in positions like long-term disability
00:11:31.260or people who from a young age have been disabled
00:11:34.400or people who are unable to work for other such reasons.
00:11:36.740They're not doing it because they don't want to work.
00:11:38.280They're doing it because they're unable to at a certain point of time.
00:11:40.900If I was to injure myself right now, I would get paid unemployment insurance
00:11:45.120because I paid into that working my previous job,
00:11:48.240but it wouldn't be enough to cover certain stuff.
00:11:50.780So they're getting a fraction of what they would have made,
00:16:23.500It's signing, like, I'm trying to remember the right word for this, but, like, you get to sign in and there's no penalty or whatever with these certain, they're building up companies.
00:16:33.160Do you think that the U.S. is being aggressive because China's being aggressive?
00:16:39.340You're entering more into there of a security kind of dilemma type or power transition theory
00:16:43.800when we're looking at the fact that the United States were moving from what was considered a unipolar world
00:16:47.960to a more multipolar world because of economic domination from China and India.
00:16:52.260Both places are experiencing rapid economic development, both of which were considered and still are considered developing nations.
00:16:58.980United States has been in the position where they've held most of the economic or corporate control for a very long time.
00:17:03.960And now they're watching that dissipate.
00:17:05.460And they also just don't have the capabilities to take on somebody such as China if they were to escalate to a military situation.
00:17:12.320So, yeah, they've been trying to deal with China for 20, 30, 40 years now.
00:17:15.960Like they've been trying to nub it in the butt before it's got to the point we're here.
00:17:19.300That's why we see people like Trump, people like Joe Biden, all trying to produce policy to make sure China remains dormant and happy and satisfied with the system.
00:17:29.920But it is also a system like capitalism that has allowed for a diversifying of the global economy, right?
00:17:37.920Where you see China rising and the U.S. trying to compete.