Jan 23 2025 47 mins 3
Socialism is a theory of blame that excuses envy. Popular podcasting socialists (including Krystal Ball, Kyle Kulinski, and Sam Seder) recently gave writer Scott Galloway jubilant viral buzz. Galloway had appeared on MSNBC's "Morning Joe," and the podcasters presented the same 1-minute,20-second clip. Their commentary would be more accurately described as moral preaching. While Galloway was calling for much higher taxes on the wealthy, he was also ignoring historical facts and critical economic realities. But WHAT'S NEW HERE is that Prof. Galloway presented a sophisticated justification for the theft they all advocate. Jim Babka demonstrates how their arguments are both superstitious and a violation of Human Respect.
REFERENCES & RESOURCES
* Henry Ford Tweet - https://x.com/BurnTheFed/status/1876711543741583540
* Principle of Human Respect - https://www.harmonyandprosperity.org/
* The Broken Window Parable - https://fee.org/articles/the-broken-window/
* Say's Law - https://www.econlib.org/library/Enc/bios/Say.html
- Inevitably, someone will critique my application of Say's Law. The purpose of an already lengthy episode was not a deep dive. Here, we dealt with one profound implication of it. That said, I'm always learning and if someone can help me improve, that's a blessing.
* Capitalism as a savings account, a concept introduced to me by Perry Willis - https://zeroaggressionproject.org/mental-lever/capitalism-toolism/
* ENVY: A Theory of Social Behavior by Helmut Schoeck - https://about.libertyfund.org/books/envy/
CHAPTERS
0:00 Theme
0:25 Re-Mugging
1:42 Theory of blame excusing envy
5:27 Blame the rich by Scott Galloway
7:36 Make it the 1970s again
9:31 John Kennedy reversed capital flight
13:13 Wrong target
14:09 Making housing unaffordable
15:34 Make education a permanent burden
16:58 Two-thirds of your money stolen
21:58 Where economic envy begins
23:15 The drive for happiness
25:30 The Principle of Human Respect
26:43 Broken Window calculation
31:14 Sophisticated justification of stealing
34:21 Envy boomerangs to hurt you
35:06 Production precedes consumption
40:11 Steelmanning the socialist's concerns
43:36 Do you have a savings account?
45:58 Socialism is witch hunting
Bill Protzmann is your moderator.
This episode is sponsored by Zero Aggression Project. https://zeroaggressionproject.org/
Thank you to Randy Garbin for our amazing episode thumbnails: http://randygarbin.com/
We are grateful to Sergio at https://www.youtube.com/@KeysofMoonMusic for our intro theme.
► https://www.patreon.com/user?u=10500501
or
you can purchase his music on BandCamp:
► https://keysofmoon.bandcamp.com/
► If you have any questions please feel free to write to Sergio at: [email protected]
Be grace-full to each other.
