My very favorite curmudgeon, very much in line with HL Mencken. I love seeing him eviscerate all the modern left-collectivist nimrods with facts, logic and his marvelous dry wit!
A "fascia" (belt) is an antique symbol of power. It symbolizes having a bundle of powerful branches of society being tied together by a belt (fascia) and supporting each other, therefore being stronger than having just one single trunk (like in the case, say, of communism). Economic nationalism, mercantilism, fascist economy (that was the original meaning of fascism BTW), corporatism, cronyism, all are examples of "fascias", all the same. Corporatism, whether nationalist or globalist, are the modern fascia (branches are governments and governmental organizations, MSM, big tech, big pharma, etc.). The woes generated by this modern fascia, corporatism, are purposely attributed to "capitalism", when in truth capitalism is the very opposite, free exchange of goods, free from the force and violence of regulations, tariffs, taxation, etc.
Side note, sticks bound together are not stronger than a single equivalent mass of wood. You might think of plywood being stronger than a solid wood sheet, but this is only so because each ply is arranged on an angle to each subsequent ply, giving the sheet uniform strength. A solid wood sheet is weakest perpendicular to the grain. The bound sticks have the same anisotropic weakness because the grain of each stick is parallel to the rest. I know this was irrelevant to the point of your comment, but I couldn't help myself.
@@tricksyhobbitses1695 Ha, ha! Good point. But 1. if the wood is dry and you insert a crack, it can propagate thru the trunk and crack it, but it won't propagate thru the tied bundle of branches, 2. it's harder to grow a single trunk to the thickness of the bundle, 3. take it with the ancients who devised that symbol...
I'm honestly I little confused by Malice's fondness for Hamilton. Going back and reviewing his debate with Tom Woods would probably give some insights on that. It's just been so long I don't really remember. I can't speak for Malice but I know a lot of times when people defend Hamilton one of the first things they cite his anti-slavery position or compare him to Jefferson owning slaves.
@@lightcaesar Malice hopes to enjoy hierarchical freedom which is very similar to day drinking. Similarly, Hamilton hoped to escape the hierarchy of the democratic republic. Both desire individualistic self-superiority over the masses. Malice appreciates Hamiltons courage and arrogance to deflate the power of others. Not for thee but for me.
*If I agree that mercantilism aka "economic nationalism" is bad, will Dilorenzo agree that unreciprocated trade aka "free trade" is equally bad?* Dilorenzo mentions Hamilton. I'd cite Japan, which offshored to China (中国移管) in the 90s to cut costs. But after all the IP theft, taxes only they had to pay, and (state-run) bank loans and govt subsidies to their competitors, Japanese firms came home in the 2000s. We can all now see the value in making items like masks, antibiotics, and computer chips domestically.
Your against free trade? Obviously you’re not in a competitive business environment where sourcing matters.Try to compete with your adversaries who outsource by buying domestically at twice the price.Your solution seems to be exactly what is being described ,more import restrictions,high tariffs,a trade war and more government bungling.How did we do with Smoot-Hawley.
@@letavoss5938 _Your against free trade?_ It helps to comprehend what you read. I oppose what is touted as "free trade" today because it's a misnomer. In Japan, S Korea, Singapore, etc. you can set up a wholly owned subsidiary just like in the US. But not in China. A foreign firm can't operate there; it must have a joint venture with a local firm, which often steals the foreign firm's IP, client list, etc. Ask semiconductor maker Arm ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-qZPpM-ZZLJU.html&lc=Ugx4lyKuVwYTxqR8hdB4AaABAg As that sort of "free trade" proves, a trade war is already underway. The US can surrender by opposing import restrictions and high tariffs or it can fight. I vote fight.
@@censorshipbites7545 No that is hardly free trade.This countries political climate will never have free trade because of the wide open graft that exists through centralized power and crony capitalism.
@@censorshipbites7545Do you actually believe in a world economy we can elect to Perdue harsh tariffs and trade restrictions.Isolationism will never work
He's an Austrian school lolbert, so of course he does. Forget the fact that laissez faire capitalism has basically been the status quo for most of the post-war period, the same period that has seen the complete moral, spiritual, and fiscal degeneration of the U.S. and the Western world at large. We are 20 trillion in debt. Our labor market is largely outsourced making us economically dependent on hostile foreign entities. Our people are being physically and mentally poisoned by monopolistic corporations for their own profit and power. Our government owned by foreign interests and big business. Our cultural institutions have been infiltrated by a subversive 5th column. But let's open things up some more. Let's have more neoliberalism and inclusivity. More globalization. That'll work I'm sure.
@@SonoftheAllfather Why not just abolish DC and return all sovereignty to the individual states? Why do you need a DC Daddy? Why do you need a "DC?" Why do you need a "US?"
@@SonoftheAllfather "laissez faire capitalism has basically been the status quo for most of the post-war period" - Are you high? Do you even know what "laissez faire capitalism" means?
@@rutessian "Are you high? Do you even know what "laissez faire capitalism" means?" Do you really think this ^^^ is an effective means of discourse/communication? Forgive me for thinking this channel would have commenters that have any decency. To answer your questions: no and yes.
Sad that only a few thousand Americans will even listen to this lecture,of course after having heard interviews with college students they would never understand it.
@@bracholi The capitalism of today is different than the capitalism of the 19th century. The capitalist themselves call it that The class struggle both in nation states and with nation states has forced concessions from them and put them into a situations they never though were possible. This curse of economic nationalism isn't limited to the American capitalist but is a general problem for all the capitalist nations. Yet every time a "globalist" opens his mouth he is seen as out of touch by the working class. Most of these Billionaires are unfit for prime time. This is why they need this whole group of bourgeois professors and bourgeois politicians dreaming up more reasons they should be left in power and ways to create a fake equality/equity. In the end they always find themselves talking about how freedom to trade to buy and sell is the ultimate freedom along with denying the labor theory of value. The need to justify the origins of the profit so they have all kinds of short stories ranging from Robinson Crusoe to Babe Ruth to prove their mystical beliefs.
Why do I feel as if I've heard him give this lecture DOZENS of times before? Start giving this talk in inner city elementary schools if you want to start making a difference, Tom. Preaching to the converted these last hundred and fifty years has contributed to us being where we are today. Another question would be whether you feel that lower-priced big screen TVs are what will save a nation of unemployed Americans. But that's a question for another day.
All of us need to give these "talks" to our friends. Mises Institute already has so much content available for free. They do need to make money somehow if they're to keep pushing through.
@@lightcaesar Which is why offering FREE, accredited home-schooling constitutes a better alternative to going through the system itself. The Institute collects all this money to fund their own existence when they could--SHOULD--be spending it in more creative ways than simply funding the parade of guys offering lectures on why freedom is, you know, GOOD, with nobody listening but similarly like-minded individuals like you and I.
@@YashArya01 They should be done "pushing though" and start an insurgency against the state in some REAL way by getting out into the world and spreading the word. Posting internet lectures isn't the way or we'd ALL be libertarians by now. Until they start thinking "grassroots" there's no hope for the only demographic that matters--the ones the Lefties targeted going back to FDR's day. WHY DO YOU THINK THEY WON, CHIEF?!
