00:06:25.160I think Reagan is president at the time.
00:06:27.680Milton Friedman is probably all over the place.
00:06:30.260Thomas Sowell is probably all over the place.
00:06:32.020So is it fair to say, like, it was maybe Friedman is on Phil Donahue and they're debating Nader, Ralph Nader.
00:06:40.220And some of that stuff just didn't sit well with you.
00:06:42.040Would you say Friedman was one of the guys that you didn't agree with?
00:06:45.620Well, yeah, I mean, Friedman is somebody I studied later and somebody who certainly casts a long shadow in the field, in the culture as a whole.
00:06:55.060So definitely, you know, an important intellectual figure in terms of, you know, what we could call the rise of neoliberalism or the the neoclassical counterrevolution that occurs.
00:07:08.480Because, you know, what happens, of course, in the postwar era is that Keynesian economics becomes really the dominant form of economic theory.
00:07:16.100And its focus is how can the state manage and regulate capitalism to to the benefit of society?
00:07:23.020That's the kind of focus of Keynesian theory.
00:07:25.700And Friedman and the Chicago school really systematically attacked Keynesian theory in favor of, you know, a stripped down kind of free market.
00:07:36.160And that's the that's the neoliberal kind of philosophy, right, that the state should have a very minimal role in the economy.
00:07:44.080And and they were, I think, broadly speaking, successful at, you know, kind of moving the pendulum back towards a much more free market or classical liberal or neoliberal kind of position.
00:07:58.080Got it. And by the way, just out of curiosity, if you and I were in 10th grade together, who were you in 10th grade?
00:09:36.360Coming out of high school, if you were to say like my hero, if I were to say coming out of high school would probably be, I don't know, an Arnold.
00:09:43.940I looked up certain people that were, you know, people I saw, maybe a military leader, somebody like that.
00:09:50.480Who was your hero coming out of high school, like in college?
00:09:54.800Well, probably be someone more like Gandhi, to be honest.
00:09:58.220You know, so, you know, I looked at Gandhi as a figure of national liberation for India, as someone who was very informed by, you know, spiritual experiences, spiritual views, but also took an interest in, you know, real politics and, you know, things like economic development.
00:10:21.680And so, you know, that certainly had a big impact on me as a young person.
00:10:47.760I don't think I relate as quite so much as I did as a young person to that concept of having a hero, you know?
00:10:57.460I think we are too individualistic about, you know, the role of individuals in terms of history.
00:11:05.040You know, Marxism is focused more on the collective mass of humanity, right?
00:11:11.340And the philosophy of dialectics of overdetermination is about, you know, how we kind of all matter, right?
00:11:20.560Not how, oh, it's just about one great man in history or whatever, you know?
00:11:25.580So, I mean, there's certainly lots of people that I look to and admire and say these are people who made great contributions.
00:11:32.600And let me just drop probably the most controversial one just right out of the gate, and that is Joseph Stalin.
00:11:41.280That's probably why I'm on the show, because I had some viral tweets back in the end of June where, you know, I celebrated the legacy of Stalin.
00:11:55.060And these really sort of took over and started trending on Twitter, and that got me a lot of attention, which has been interesting.
00:12:04.260I bet, you know, what's crazy is I have family members who admire Stalin.
00:12:08.620I mean, you got to realize, my mother's side, the majority of them are communists.
00:13:06.900The man was neither a savior nor saint, but he was at once a very successful revolutionary, a great contributor to Marxist theory, and said to be a great listener and collaborator during discussions.
00:13:18.400And then, there are his successes as a leader.
00:13:21.320First, the foresight to fear a belligerent German fascism.
00:13:25.940Then, the tactical ability to successfully defeat the world's greatest invading army, combined with the strength to make tough decisions that have no easy answers.
00:13:35.100I simply think one should read everything the man wrote and then make up your own mind.
00:13:40.020I would certainly conclude that he is one of the great leaders of the 20th century, though.
00:13:47.440So, that's what you said, if you don't mind unpacking that.
00:13:50.220That is the one that caused Stalin to trend.
00:13:55.080And Twitter even wrote a little editorial.
00:13:58.200I think Twitter felt that they had to explain this.
00:15:38.520Now, the second thing, GDP doesn't mean that much, though, in terms of how the average person is doing, right?
00:15:44.080Because the size of the economy can grow and we have no idea, you know, where does that wealth go, right?
00:15:50.000Does it go to a small number of people?
00:15:51.680I mean, that's typically the pattern, right?
00:15:53.880Typically, I mean, Marx said, right, the history of hitherto existing society is a history of class struggle.
00:16:00.160That means a small group of people tends to take the lion's share of the wealth of an economy, you know, and this is going back thousands of years, right?
00:17:31.160So, but we can say, right, Stalin is the leader and in a leadership role, right?
00:17:39.280And so, you know, he has certain responsibility, both positive and negative, right, for what happened under that, you know, 28-year period or so of his leadership.
00:17:51.460And I think it's a huge mistake to look at Soviet history and say, oh, that was an economic failure and, oh, people suffered and whatever.
00:18:03.860Well, look, you know, people suffer in every single society.
00:18:46.440You know, these are the basics, right?
00:18:47.840And especially when you're dealing with a relatively poor, mostly agrarian society, a society where 92% of the people work in agriculture, right?
00:19:02.800I think it's a huge mistake and a huge distortion to allow the anti-communists, most of whom, by the way, are Nazis, to write this history.
00:23:07.340Does the wealth that you have, even if you're at the 85th percentile or whatever, right?
00:23:12.880Even if you're sort of near the top of the income distribution under capitalism, does it allow you to stop working and do whatever you want, right?
00:23:22.100Imagine if you could do whatever you thought would make you the most happy and be of the greatest benefit to humanity, right?
01:21:50.460You know, he seems like a figure of integrity, although I think he's burning a lot of clout right now because, you know, embracing the Biden administration and going towards incrementalism, you know, started off saying Medicare for all and now is saying lower the eligibility age.
01:22:13.160You know, this is the kind of thing where what I had always said about Bernie is Bernie is the furthest right that I'm willing to go.
01:22:19.960You know, you know, I consider him to be a right wing leftist because he's not saying, oh, you know, let's expropriate the rich.
01:23:07.660AOC, I think, you know, it's a figure that a lot of us had high hopes for.
01:23:12.980And, you know, it's exciting and whatever to see a socialist.
01:23:15.740But this is somebody who is, first of all, became way more famous than their power, you know, sort of merited, right?
01:23:26.640Like AOC as a freshman congressperson, basically no power, you know.
01:23:31.380Your power as a congressperson depends on what coalitions can you build, what committees are you on and so forth, right?
01:23:37.080And AOC had basically none of that, but she became, it was just catapulted to fame because she's young and, oh, a socialist and whatever, you know, Fox News really made her famous.
01:23:48.020And then becomes, oh, this is the lion of the left.
01:23:51.940But, you know, leftists look at her and be like, what has she actually done, you know?
01:23:56.240What policies has she done that actually improve people's lives?
01:24:15.760Well, Elizabeth Warren, I put in a very different position.
01:24:18.160Elizabeth Warren is a very opportunistic politician, in my view.
01:24:22.460Somebody who, you know, Bernie's out there campaigning in 2016, talking about Medicare for all, talking about the $15 minimum wage, talking about everyone should have a job.