The History Of Socialism And Capitalism

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  • เผยแพร่เมื่อ 28 มิ.ย. 2024
  • Thursday, October 1, 2020
    Hoover Institution
    The Hoover Institution presents an online virtual speaker series based on the scholarly research and commentary written by Hoover fellows participating in the Human Prosperity Project on Socialism and Free-Market Capitalism. This project objectively investigates the historical record to assess the consequences for human welfare, individual liberty, and interactions between nations of various economic systems ranging from pure socialism to free-market capitalism. Each session will include thoughtful and informed analysis from our top scholars.
    FEATURING
    Niall Ferguson, MA, D.Phil., is the Milbank Family Senior Fellow at the Hoover Institution, Stanford University, and a senior fellow of the Center for European Studies, Harvard, where he served for twelve years as the Laurence A. Tisch Professor of History.
    Victor Davis Hanson is the Martin and Illie Anderson Senior Fellow at the Hoover Institution; his focus is classics and military history.
    For more information on this initiative, click here - www.hoover.org/research-teams....
    To view the upcoming events, click here - www.hoover.org/research/human....

ความคิดเห็น • 463

  • @sapatomaluco
    @sapatomaluco 3 ปีที่แล้ว +64

    I feel so blessed to live in a time I can watch this talk for free, from another country, in my home, wearing shorts and flip-flops.

  • @ramongonzalez2112
    @ramongonzalez2112 3 ปีที่แล้ว +269

    Not one socialist country has ever produced a large middle class or prosperity like capitalist ones. 🙏🇺🇸

    • @wtfhah
      @wtfhah 3 ปีที่แล้ว +10

      except that this "middle class" in every instance is supported by the disappearance of "home bias" in capital investment and rests on a tiered global system of resource extraction&debt-trap poverty in the south. Unskilled labor exploitation in one area props up the living standards of "technical" labor in another. The awareness of which is prevented by "false-consciousness" cultural appeasement in the 1st world.
      This is not "prosperity", this is a nation of ostriches. America is a religious fundamentalist & culturally moribund state. All of Western society is propelled by hatred & varying degrees of ignorant ethnocentric nationalism.
      America is not a nation of goodwill or broadly humanistic principles. We are a death cult

    • @Derfunkmeister
      @Derfunkmeister 3 ปีที่แล้ว +19

      I think U are referring to Communism, Just to name a couple of Social States in Europe, Denmark, Germany, France, Sweden. But who cares? the American dream is non-existent today anyway and the American middle class is shrinking to next to nothing.

  • @ocdyardcare4295
    @ocdyardcare4295 3 ปีที่แล้ว +45

    Socialism is as socialism does. I view socialism as their actions. And taking away people's private property seams to fit right along the lines of socialism.

  • @gitmehere1
    @gitmehere1 3 ปีที่แล้ว +123

    The fact we have to have this conversation is insane.

    • @shaunmcgough7227
      @shaunmcgough7227 3 ปีที่แล้ว +8

      Absolutely

    • @chisexton5845
      @chisexton5845 3 ปีที่แล้ว +28

      But we do, because many young people have been meticulously misled.

    • @HoosierDaddyActual
      @HoosierDaddyActual 3 ปีที่แล้ว +21

      I agree! Making a case for socialism is plain evil.

  • @tessysingh1327
    @tessysingh1327 3 ปีที่แล้ว +54

    46:50 "Tocqueville said that unfortunately most people would prefer to be equal and poor than unequal and better off. It was he that said that the two most powerful emotions in human experience are jealousy and envy. It's the idea that someone else better off than you is a more important concern than you being better off. There's some innate human desire to make sure that anyone through accident (in the Aristotelian sense) doesn't look better than you do. " Victor Davis Hanson. Rene Girard describes this human tendency as mimetic desire: I want it because you have it.

    • @kenthomson4627
      @kenthomson4627 3 ปีที่แล้ว +19

      Jordan Peterson observed that erstwhile socialists in Alberta Canada were not driven by their desire to help the poor as much as their “hatred of the rich”. I think he might be correct.

    • @DeanbridgeRE
      @DeanbridgeRE 3 ปีที่แล้ว +6

      This reflects current reality quite well

    • @cl5193
      @cl5193 3 ปีที่แล้ว +10

      It's called coveting. God knew this before Tocqueville. Just sayin.'

    • @jamesstuart9528
      @jamesstuart9528 3 ปีที่แล้ว +4

      In Australia we call it the “tall poppy syndrome”. In other words, for an egalitarian society to prosper the high flyers need to be brought down to earth. Somehow our sporting heroes, like Hollywood stars, are exempt from popular sanction, provided always that their talent exceeds outstrips their hubris. Be a winner but be humble with it :).

    • @juancpgo
      @juancpgo 3 ปีที่แล้ว +3

      I observe that if we split the population by half in terms of money-making skills, the more talented half is likely to support capitalism because they know they will probably be above most. Likewise, the less talented half is likely to abhor capitalism because they know they will probably be below most. While I feel sad about the less talented half here, I do support capitalism, in part because I think freedom in general allows for other games to coexist, and capitalism (money making) is only one of the many games. So while envy is a strong emotion and that sounds like a dead end, we can be more optimistic, because there are many games for human beings to compete in besides capitalism itself, and hopefully the vast majority of people will be able to find at least one game in which they can be in the dominant half. A good example is in sex: there's a lot of people that are total losers at money making but major winners in the art of seduction. And to think that money makes a perfect correlation with happiness is far from the truth: once we have the things we need, just piling up unnecessary money doesn't seem to affect happiness at all. At times it even causes the very opposite effect.

  • @Seekthetruth3000
    @Seekthetruth3000 3 ปีที่แล้ว +23

    Somebody said: A socialist is a communist without a gun.

  • @linkes28
    @linkes28 3 ปีที่แล้ว +147

    Hanson has an eloquent way of explaining complex topics. 🙇‍♀️

    • @paulsusac4839
      @paulsusac4839 3 ปีที่แล้ว +3

      Hanson doesn't know what socialism is. He thinks any policy that taxes the rich is socialism. The guy is a hack.

    • @SirAndrewII
      @SirAndrewII 3 ปีที่แล้ว +2

      Socialism isn't complex, though... A union is a simple idea, is it not? Workers owning their workplace and being their own boss isn't hard to understand, right? The video you watched suggests socialism means the government controls everything even though that's not the case.

    • @99gypsies
      @99gypsies 3 ปีที่แล้ว +14

      @@paulsusac4839 If you steal from the rich and give to the poor -- that is socialism. Not all socialism is bad -- a small amount of it is necessary. But more than that is very dangerous because it looks good and sounds good, but it never works. When people give up their individual rights to get free handouts, everyone loses in the end. Are you aware of the books Hansen has written over the years, and how widely respected they are? Do you know about his knowledge of history? I don't agree with him on everything -- I think he supported the invasions and occupations in the Middle East, or at least the first two -- which really surprised me (and disappointed me) -- but he is certainly not a hack.

    • @rtgray7
      @rtgray7 3 ปีที่แล้ว +12

      @@SirAndrewII No, that IS the case because Socialism is simply a necessary and unavoidable bridge to Communism/Marxism/Totalitarianism etc.

    • @rtgray7
      @rtgray7 3 ปีที่แล้ว +11

      @@paulsusac4839 A hack? Ha! VDH certainly does understand that Socialism is Communism/Marxism like a caterpillar is a butterfly.

  • @judgecal5386
    @judgecal5386 3 ปีที่แล้ว +123

    Every time I hear vdh speak I'm absolutely mesmerized.

  •  3 ปีที่แล้ว +84

    if you do not have the freedom to defend yourself you are not free.

    • @karmad.twelve6613
      @karmad.twelve6613 3 ปีที่แล้ว

      Agreed! Government is slavery!

    • @OghamTheBold
      @OghamTheBold 3 ปีที่แล้ว

      Breonna was defended by a gun against men on $666,666 benefits one dark knight

    • @snoolee7950
      @snoolee7950 3 ปีที่แล้ว +2

      non-citizen George Soros should not be funding US local district attorney candidates/ elections. he is causal in installing these weird Marxists types and getting them into local power. there needs to be law code stopping people from outside the US paying for US elections.

  • @JonnM
    @JonnM 3 ปีที่แล้ว +19

    Prof. Ferguson is absolutely correct. I worked in Sweden for 10 years, on and off, and Sweden is not a socialist country. It’s a capitalist country with a high social commitment to it’s citizenry. Like most of Europe there is a safety net, especially around healthcare, education and housing. While poverty is, of course, still a problem it is in no way compatible to the level one often sees in many major US cities, particularly those on the west coast.

  • @crackerjack4790
    @crackerjack4790 3 ปีที่แล้ว +104

    And the farmers stopped farming and the truckers stopped trucking. And the firefighters stopped fighting fires and police stopped policing and the employers stopped hiring and the employees stopped producing and the poorest of the poor went hungry first.

  • @extremespartan117
    @extremespartan117 3 ปีที่แล้ว +90

    Brilliant observation with respect to how collectivism has evolved to use identity politics instead of class based politics because of how well off most are now in the United States. As always great content and thanks for the upload!

  • @micahkelly3245
    @micahkelly3245 3 ปีที่แล้ว +66

    Thanks to the Hoover Inst. for making such necessary content and discussion available.

  • @periclesithaca4800
    @periclesithaca4800 ปีที่แล้ว +19

    Absolutely love hearing VDH speak. Supremely educated and articulate.

  • @reganross3608
    @reganross3608 3 ปีที่แล้ว +181

    Brilliant to be promoting honest and articulate discussions like these.

    • @aculasabacca
      @aculasabacca 3 ปีที่แล้ว +13

      All I hear is a smokescreen shrouding the danger of communism we are faced with.

  • @chrisyuri4187
    @chrisyuri4187 2 ปีที่แล้ว +13

    33:00 Here in Norway we too we have something called AS Norge, and it is what drives the economy, small business is what employs the most people, pay the most taxes and provides the most services. Small Business is capitalism, not big business. Both Niall and Victor nailed it.

  • @morgan1792
    @morgan1792 3 ปีที่แล้ว +38

    I always love VDH and NF in a conversation!!!!! They are so good at honing historically relative facts into a present day point. Amazing! a moderator who knows how not to make it about himself.... ;)

  • @UKtoUSABrit
    @UKtoUSABrit 3 ปีที่แล้ว +10

    VDH & NF are definitely two of the brightest minds of the last few decades.
    We would all benefit enormously if they were more involved in public policy decisions.
    They are a NATURAL RESOURCE.

  • @gbuz5789
    @gbuz5789 3 ปีที่แล้ว +39

    Socialism can never work because it goes against human nature. ""From each according to their ability, to each according to their needs." Only happens with incentives to produce and deterrents to take more than your share, thus some form of capitalism is the only answer. We should put this debate to rest in grade school so we don't waste our time as adults.

    • @SirAndrewII
      @SirAndrewII 3 ปีที่แล้ว +1

      Socialism is actually when workers have a say at their work place. This interpretation that 'the government fits each person with a task depending on their ability' is more of the German model. Not every country has to be like Germany.

    • @Angel-fi4qd
      @Angel-fi4qd 3 ปีที่แล้ว +2

      There was a time in our country where the average individual had only two books the Bible and the Blacks Law Dictionary, we have forgotten God. Terrible!

    • @chickflick
      @chickflick 3 ปีที่แล้ว +2

      This debate should have been put to rest by failed experiments by country after country, e.g. Soviet, PRC, Cuba, North Korea, Venezuela...

    • @randyforemen3234
      @randyforemen3234 3 ปีที่แล้ว +1

      Andy H but that’s where government comes in. What if an employer doesn’t want to have a democratic work space. Who would enforce it? People can choose to start a democratic run business now. So why do we need to force it. If it was such a better option and employees truly wanted such an environment there would be more democratic style businesses. The truth is most employees don’t want such an environment.

    • @gbuz5789
      @gbuz5789 3 ปีที่แล้ว +1

      @@SirAndrewII There are a lot of definitions of socialism, it is a large ideology. Saying the workers have a say at their workplace is theoretically a small part of it but it never works that way because businesses cannot be run efficiently by a committee of the average worker. The average worker is not an expert on running a business and again people only work as hard as they are compensated for. German model from when? Germany is currently a free-market country, not a socialist country.

  • @juiceqc7716
    @juiceqc7716 3 ปีที่แล้ว +34

    Thank you Gentlemen. It was a pleasure listening.

  • @supperhey
    @supperhey 3 ปีที่แล้ว +18

    This is how a discussion/debate should be.

  • @MyOmegaBeams
    @MyOmegaBeams 2 ปีที่แล้ว +6

    Brilliant discussion. Thank you so much. As a member of the millennial generation who is also a conservative and member of the US military I sincerely appreciate it.

  • @aislaportland5555
    @aislaportland5555 3 ปีที่แล้ว +22

    Now THIS Ive got to see.
    Thanks for putting this up.
    Who needs the legacy media, this is going to be true teaching.

  • @KainedbutAble123
    @KainedbutAble123 3 ปีที่แล้ว +25

    We need to get Victor his swimming pool! His anecdote about visiting the planning office was unsettling.

  • @conniebaeza2037
    @conniebaeza2037 3 ปีที่แล้ว +12

    Thank you. It makes me very happy to see and hear this from the doctors. I was starting to think everyone in the world is going crazy, and could not figure out why they couldn’t think straight. This is a good start to help everyone heal.

  • @adorablydeplorable7580
    @adorablydeplorable7580 3 ปีที่แล้ว +20

    I love how professors are teaching, “college should be free”. Yet, I don’t see any of those professors willing to take a pay cut to help it be free.

  • @stavivanackerson6563
    @stavivanackerson6563 3 ปีที่แล้ว +190

    “I'd like to know why well-educated idiots keep apologizing for lazy and complaining people who think the world owes them a living.”
    ― John Wayne

    •  3 ปีที่แล้ว +1

      what is the definition of well educated?

    • @smokinonindo
      @smokinonindo 3 ปีที่แล้ว +4

      It allows them to maintain power

    • @tommygunn7745
      @tommygunn7745 3 ปีที่แล้ว +9

      The safety nets of our culture has has succeeded in crippling the "survival of the fittest" species . Rinse and repeat

    • @LyingDog17
      @LyingDog17 3 ปีที่แล้ว +6

      The enabler who needs the vote.

    • @OghamTheBold
      @OghamTheBold 3 ปีที่แล้ว +1

      I'd like to know why some get loans for expropriated farmland of dead folks and others are systematically excluded

  • @AQuietNight
    @AQuietNight 3 ปีที่แล้ว +81

    I guess one might say you can measure the intelligence of a man by how much his book shelves sag.
    Victor D. Hanson must be pretty intelligent.

  • @MCR1565
    @MCR1565 3 ปีที่แล้ว +15

    Wow, jail for harvesting raisins? Very Interesting! 🧐
    I always enjoy the discussions here. Many thanks!

    • @IWantMyCountryBack2
      @IWantMyCountryBack2 3 ปีที่แล้ว +1

      I think that kind of activity of government began with Wilson, FDR and the Progressives, no?

  • @TheSymphonyOfScience
    @TheSymphonyOfScience 3 ปีที่แล้ว +6

    Always love it when VDH drops another video

  • @sinisxer470
    @sinisxer470 3 ปีที่แล้ว +12

    Pretty interesting! I like that Niall made sure to bring up the differences between Socialism, Social Democracy, and just paying higher in taxes.

    • @just_another32
      @just_another32 3 ปีที่แล้ว +2

      Yes, very important point although I think it was lost again later in the discussion.

    • @Gedwyn11
      @Gedwyn11 3 ปีที่แล้ว

      Agree. A good way to keep the conversation focused and not meandering.

  • @gspurlock1118
    @gspurlock1118 3 ปีที่แล้ว +30

    Here is a key logic error that no one has corrected: Our true system is "The Free Enterprise System", not "Free market". Free markets are only one component of the Free Enterprise System. Failing to distinguish between these two concepts is part of the reason we are in this mess. This has been the major flaw that President Trump has been addressing.
    The U.S. can have internal free markets, because all states are subject to the same federal laws. But leaving our markets open and free to the rest of the world which does not reciprocate and tarrifs our products to high heaven, is what has nearly decimated our economy. We have been subsidizing the world and they hate us for it!

    • @patb7093
      @patb7093 3 ปีที่แล้ว +1

      Great thoughts there Gail!

    • @ImperiumVita
      @ImperiumVita 3 ปีที่แล้ว +3

      Exactly! There is no such thing as a "Free Market" when trading with an Authoritarian, Communist, Mercantilist state such as China!

  • @philipford6183
    @philipford6183 3 ปีที่แล้ว +6

    Thanks, fellas, for this discussion. Hoover continues to put out some of the best content, from some of the smartest minds. Fascinating and educational. Niall Ferguson and Victor Davis Hanson are absolutely spot-on when they speak about socialism's hypocrisy. This galls me, too. Appreciate the time from you guys - it's like being a student at a top university! Keep 'em coming. Mind food!

  • @nyuki187
    @nyuki187 3 ปีที่แล้ว +10

    Thank you very much for this great content.
    The Hoover institute has such great people that present great ideas we can all learn from immensely.
    I know it has improved my life and thinking substantially and i'm sure many others would say the same.

  • @HoldenMcG
    @HoldenMcG 3 ปีที่แล้ว +5

    Great deal of gratitude for the folks at the H.I. for consistently providing such compelling topics and guest speakers. Lot's of information to wrap my head around!!!
    So, Socialism in practical experience is an abject failure when it moves beyond micro or family level because it has a deleterious effect on freedom/liberty (where it seems to work well because the redistribution favors the micro or group/family interest -for the most part). The growth and overreach of bureaucracy becomes an impingement in Capitalism because it has a deleterious effect on freedom/liberty. The common denominator for failure is pretty regardless of the system.

  • @jackreacher.
    @jackreacher. 3 ปีที่แล้ว +19

    I see in my mind a daily revelry and conviviality and merry making with my classmate and fellow member of our fraternity binge drinking club, Karl Marx. Lacking capitalistic ambition, we frolic in a fairy tale land of mental imagery mocking the lifestyle of our progenitors and beneficiaries who finance our inspired escapism at university level with a contemporary imagination led by the legends of Napoleonic mastering of the universe through nationalistic theft and coercion. We escape the demands of household responsibility and spin webs of adventurous tales in our beer. Why should we work? Our endless drunken future is guaranteed by our rich predecessors. Money is not real. It is a tool used to overpower our critics.

  • @bobbinsthethird
    @bobbinsthethird 3 ปีที่แล้ว +4

    Top 10 anime crossovers, Niall Fergson, Victor Davis Hanson, and Russ Roberts, I love it

  • @swordoff7
    @swordoff7 3 ปีที่แล้ว +11

    I believe that the venerable Sitting Bull would have mentioned that Mr. Ferguson may be a good example of someone who speaks with forked tongue.

    • @StormTrysail
      @StormTrysail 3 ปีที่แล้ว

      Don’t like the guy, classic pseudo intellectual!

    • @Gedwyn11
      @Gedwyn11 3 ปีที่แล้ว

      How so? Please give some example.
      I always find Niall Ferguson rigorous and honest.

    • @deerylou7112
      @deerylou7112 3 ปีที่แล้ว +2

      Is this the same Niall Ferguson whom Dr. Vernon Coleman has called out numerous times for being a blatant liar and illuminati puppet?

  • @gobowwoewow3752
    @gobowwoewow3752 3 ปีที่แล้ว +1

    idk why but yall drop all your most fire videos with the best guests at like midnight n 2 am #latenighthoover

  • @andersmful
    @andersmful 3 ปีที่แล้ว +1

    Can you imagine the conversations over the dinner table between Ayan Hirsi Ali and Niall Ferguson? Both brilliant, articulate and insightful. Their children are indeed privileged.

  • @patriciaritter4090
    @patriciaritter4090 3 ปีที่แล้ว +6

    Thank you. Great discussion of historic significance to all Americans breathing the air of the present.

  • @alanaadams7440
    @alanaadams7440 3 ปีที่แล้ว +4

    In America everyone has the potential to raise themselves to a higher class or income. Without the interference of Government that's why capitalism works

  • @photohounds
    @photohounds 3 ปีที่แล้ว +4

    Excellent discussion , thank you all! Cheers from Australia 🇦🇺🇦🇺

  • @PullingEnterprises
    @PullingEnterprises 3 ปีที่แล้ว +8

    Always fun and informative to hear some great minds talk. I'm wondering more about how capitalism can have a safety net, and I wonder if it needs to be codified into law at all, or if we can have altruistic companies -- and if not, what is the obstacle?

  • @scottphillips7108
    @scottphillips7108 3 ปีที่แล้ว +7

    The Hoover Institution presents an online virtual speaker series based on the scholarly research and commentary written by Hoover fellows participating in the Human Prosperity Project on Socialism and Free-Market Capitalism. This project objectively investigates the historical record to assess the consequences for human welfare, individual liberty, and interactions between nations of various economic systems ranging from pure socialism to free-market capitalism. Each session will include thoughtful and informed analysis from our top scholars.

  • @bigedfromny6037
    @bigedfromny6037 3 ปีที่แล้ว +2

    Hello. I'd like to point out that, simply put, youngsters and liberals who call themselves socialists are not actually socialists - they are utopians who see unevenly distributed prosperity in the western world. The reason for the uneven distribution is due to capitalism and the solution seems to be social programs. Thus is, it's nice people trying to reduce suffering of folks in poverty.

  • @jesusmysavior2424
    @jesusmysavior2424 3 ปีที่แล้ว +1

    Thank you very much, always enjoy the interview.

  • @greatdayforall4690
    @greatdayforall4690 3 ปีที่แล้ว +2

    Victor Davis Hanson is a national treasure.

  • @Norm475
    @Norm475 3 ปีที่แล้ว +2

    If you want to know what it is like living under Socialism/Communism join the military. You have public housing, public chow halls, public medical care. They tell you what job you are going to have etc. Granted once you decide to make the military your career things get better and you have more options, but the first few years after you join it is like I said in my opening statement.

  • @TheDNAGroup
    @TheDNAGroup 3 ปีที่แล้ว +12

    To Mike's question: Why would you need a strong social safety net if free enterprise is able to flourish. One you would build your own strong "social safety net", two your family would be able to lend a hand, three if not your family then neighbor's/community, four if not neighbor's and community then private charities in the city. But why not eliminate the very need for a "strong social safety net"? Seems like a much more prosperous and wholly solution.

    • @Gpacharlie
      @Gpacharlie 3 ปีที่แล้ว

      That requires voluntary “Christian” charity to work. Heavily taxed socialist government kills the incentive for being charitable ( I pay taxes so you are the governments responsibility ) and unregulated capitalism promotes greedy abuses ( slum lords and payday loans ). We are stuck with a messy system in USA but it’s still the best system we humans have managed to come up with so far.

    • @rndyh77
      @rndyh77 3 ปีที่แล้ว +1

      We would first need to define what a strong social safety net is. But I think in reality it's undefinable. In the US, we have social security and disability benefits. Even with that, there are people who either don't have the capacity or desire to collect benefits they may be eligible for. So this notion that we have to equalize outcomes is ridiculous and will never happen.
      I agree with the comments in this discussion that the conservatives/capitalists have done a very poor job of demonstrating how a capitalist system delivers a better outcome for the poor when compared to a socialist system. It seems pretty obvious, but I think we would all be better informed if we could more clearly describe that assertion.

    • @andrewphoenix3609
      @andrewphoenix3609 3 ปีที่แล้ว

      This sounds like one of Ayn Rand's incoherent views of reality.

    • @Sphere723
      @Sphere723 3 ปีที่แล้ว +1

      @@andrewphoenix3609 Yeah, I think it amounts "why have a social safety net when we can have a Utopia instead?"

    • @kathymayes4290
      @kathymayes4290 3 ปีที่แล้ว

      Andrew Phoenix Only in your mind.

  • @infoillness4222
    @infoillness4222 3 ปีที่แล้ว +10

    GDP - a measure controlled by financiers - which appears to grow - and thus fool the uninitiated - whilst wholesale theft takes place...

  • @Kaiser_Johan
    @Kaiser_Johan 3 ปีที่แล้ว +1

    Not saying the excellent Ferguson & Davis Hanson is wrong but bringing on a genuine proponent of Socialism might give this discussion some more credibility :)

  • @b.bloomedyoga2579
    @b.bloomedyoga2579 3 ปีที่แล้ว +5

    These very knowledgeable gentleman need Thomas Sowell to come on, and share some of his knowledge and wisdom with them, and their audience.

  • @timwoodman
    @timwoodman 3 ปีที่แล้ว +3

    To me the main problem with socialism is central planning and lack of creative competition

  • @EFChartley
    @EFChartley 3 ปีที่แล้ว +6

    Invite Thomas Sowell.

  • @user-pe1ns8bd6j
    @user-pe1ns8bd6j 3 ปีที่แล้ว +3

    For me, the most significant aspect of the relationship between State and corporations is very reminiscent of Fascism. In the Doctrine of Fascism, Gentile makes the point very clear that the State has to monopolize power and subjugate the economy using ‘guilds’ (corporazioni). I am surprised by the lack of reference to this by the panel at this point.

  • @adrianjcox8611
    @adrianjcox8611 3 ปีที่แล้ว +6

    Brilliant discussion. Thank you Hoover yet again.

  • @BADALICE
    @BADALICE ปีที่แล้ว +1

    Hello: I thought I would mention how much I appreciate your programming. Thank you for efforts, time and knowledge.
    Got you on auto pilot.

  • @HerseySyntheticOil
    @HerseySyntheticOil 3 ปีที่แล้ว

    Great discussion. I learned quite a bit fellas. Thank you. I enjoyed the story about production of the nails and dresses.

  • @carlosprada4852
    @carlosprada4852 3 ปีที่แล้ว

    worth rewinding from 50:00 on. Ferguson hits it right on the nail.

  • @6doublefive3two1
    @6doublefive3two1 3 ปีที่แล้ว +5

    Two of my favorite "heavies"!

  • @stephenhowe316
    @stephenhowe316 3 ปีที่แล้ว +2

    Many thx for this discussion. It seems obvious to students of history that capitalist trade is responsible for transforming living standards. Most people lived in abject poverty for centuries before the Enlightenment, there being little difference in conditions from Roman times to the 15th Century. When royal monopolies on trade were liberalised from the 17th Century onwards, they led to Agricultural and Industrial revolution, which accounts for the enormous improvement we have seen in the last three centuries. Socialism advocates a return to State monopoly of trade, which has impoverished all those societies that have tried it. Some good points came from the discussion, particularly the point about capitalism being an unselfish belief, because it has been shown to lift millions out of poverty. So many of our elites have gone intellectually astray with Socialism, and it still puzzles me why Academia seems dominated by cultural and economic Marxists when their narratives are historically and obviously false.

  • @kennethobrien8386
    @kennethobrien8386 3 ปีที่แล้ว +1

    Excellent discussion. Thank you.

  • @carlbyronrodgers
    @carlbyronrodgers 3 ปีที่แล้ว +1

    Very enjoyable and very informative.

  • @Madstsone
    @Madstsone 3 ปีที่แล้ว +22

    "Marx and Engels got a couple things wrong." - A bit of an understatement.

    • @StormTrysail
      @StormTrysail 3 ปีที่แล้ว

      I couldn’t listen after that! What bunko that pseudo intellectual fool is filled with!

  • @brianburton1843
    @brianburton1843 3 ปีที่แล้ว +1

    I have noticed that in the 20 century. The nations that embraced socialism/communism. Also had a cultural affinity towards subjugating themselves to the state (monarchy).

  • @sixdollar4117
    @sixdollar4117 3 ปีที่แล้ว +5

    Could you please add a list of books you mention for further study in the description section.

  • @siveshenragavulu2181
    @siveshenragavulu2181 3 ปีที่แล้ว +3

    I wish people knew about the Russian Gulags and the great leap forward as well as life in Cuba and Venezuela.

  • @psam421
    @psam421 3 ปีที่แล้ว +1

    Amazing chat!

  • @spiritualpolitics8205
    @spiritualpolitics8205 3 ปีที่แล้ว +26

    Ferguson contradicts himself badly when he starts out claiming that today's leftists like AOC don't want true socialism but want social democracy, yet halfway through says that today's universities plainly inculcate socialism.
    VDH is usually sharp on the response but got lost in the weeds with his CA imminent domain argument: The far larger issue is that the massive architectural changes now being sought by the left (Green New Deal) amount to a nationalist appropriation of large sectors (energy) like something we would see under Chavez. I'm rather stunned VDH let Ferguson get away with this.
    If today's left got what they really wanted, we would be indistinguishable in many important respects from Venezuela.

    • @jonm1556
      @jonm1556 3 ปีที่แล้ว +1

      Great response

    • @aculasabacca
      @aculasabacca 3 ปีที่แล้ว +1

      All three are covering for the filthy communists in the US.

  • @iankclark
    @iankclark 3 ปีที่แล้ว

    I recommend upgrading your audiovisual department. Otherwise thanks for the content. Two very admirable guests.

  • @KaeBae_
    @KaeBae_ 3 ปีที่แล้ว +1

    Many people have told me that socialism is the only answer to equality. They've also told me this while living in a capitalist society.....

  • @gabe5946
    @gabe5946 3 ปีที่แล้ว

    Good conversation fellas, thanks

  • @brightonduder
    @brightonduder 3 ปีที่แล้ว +1

    Brilliant job - many thanks for this

  • @midi510
    @midi510 3 ปีที่แล้ว

    I really like the content I get to watch from the Hoover Institution, but please do some basic audio mastering. I was riding my volume control the whole time, based on who was speaking. A little compression and EQ can make a huge difference. With today's software, Victor and Niall's muffled audio could be made significantly more intelligible, not to mention loudness leveled with the other tracks.

  • @kylem7365
    @kylem7365 3 ปีที่แล้ว +1

    VDH & Ferguson? GOLD

  • @crimsonfocker3823
    @crimsonfocker3823 3 ปีที่แล้ว +2

    Capitalism allows one to become rich by one's product or asset being deemed popular or valuable in society. Socialism just means someone determines what you do with your life and requires your compliance otherwise your put into the section of undesirables and left to die unless you comply.
    One must remember that socialism is said to satisfy "human need" meaning:
    Water, food, shelter and air
    Humans don't need comforts like:
    A/C
    TV
    Internet
    Computers
    Fancy cars
    Board games
    Video games
    and so on

  • @Zoey-uv7fs
    @Zoey-uv7fs 3 ปีที่แล้ว +1

    The conversation regarding the enchroachment on individual property rights by the administrative state has indeed been on an upward trajectory for some time in America. However, be it socialism or progressivism, VDH and Nial converge on the point that American individualism continues to wan in America. Nial and VDH are two great historians.

  • @titobandito6060
    @titobandito6060 3 ปีที่แล้ว

    Very great articulated conversation about what the real discussions that are happening today. No real extremist propaganda slants on the facts. Thank you for this discussion.

  • @Bill_Woo
    @Bill_Woo 3 ปีที่แล้ว +2

    1. Number who have fled Eastern European socialism for American capitalism - millions.
    Number who have fled American capitalism for Eastern European socialism - about ten or eleven. Including Oswald.
    2. Socialism destroyed the largest empire in history, the Union of Soviet Socialist Republics.
    I'm wouldn't presume to say one system is superior or fairer than the other. But millions of others will answer unhesitantly. Ask any one of them.

  • @dartharpy9404
    @dartharpy9404 3 ปีที่แล้ว +1

    Great speakers and scholars 😃

  • @randalllindsey2813
    @randalllindsey2813 3 ปีที่แล้ว +3

    As a cynic, I’m never disappointed, only pleasantly surprised...

  • @nalejbank
    @nalejbank 3 ปีที่แล้ว +1

    There are only two forces that have been at work in the history of man. Frederic Bastiat explained these two quite clearly in his 1850 book, The Law. A must read!!!
    Some may wish to oversimplify these two forces as Good vs Evil. Or Freedom vs Slavery. Godly vs Ungodly.
    But the more accurate and more easily understood is Collectivism vs Individualism.
    From these two terms springs those mentioned in the prior sentences as well as all others including anarchism, libertarianism, limited constitutional gov't, liberalism, progressivism, Nazism, socialism, Fascism, Marxism, communism and those tied to greater centralization of power such as dictatorships (rare) , monarchies and oligarchies (more common).
    But if any two people are to solve problems through the discussions of issues, it is vital that we start with agreeing on the "terms" and "definitions" of words. Since the very definition of democracy is different from that of republic, we cannot be "for" both at the same time. We can be for a hybrid system but again we have to understand it's nature and its particular rationale and objective, form and function.
    The political spectrum is also vital to agree upon. It is simply impossible to have a "range" that isn't based on the quantity of government present. If there is NO, or zero, government in existence, there is no ruler or even laws, since it takes some quantity and form of government to make a law. This is the definition of anarchy. 0 to 100% is the logical expression of any such range and given traditional "labels", it makes sense to position Zero on the right end and 100% on the left end. Extreme right is Zero gov't, Extreme left is 100% gov't.
    Such a spectrum provides a place for all forms of government, relative to its quantity.
    Consequently, Extreme Collectivism is 100% gov't, while Extreme Individualism is Zero gov't.
    At some point in man's history, his experience with zero government combined with his "fatal tendency", explained in The Law, opened the door to survival of the fittest. Dog eat dog. The strong living off of the weak. This fatal tendency, "to live at the expense of others has never changed and never will!!! It is a built in nature of surviving the nest possible with the least effort. You cannot get rid of that, ever! Collectivism is where the strong today seek to oppress those not in support of it. And those in support of it are rewarded with the "take" forced from the "makers". You may also accurately state that collectivists are the takers and individualists are the makers. True individualists wouldn't dare commit the crime of theft because they understand the damage to society for doing so! If theft is allowed to go unpunished, everyone would figure out ways to plunder others and society would spend it's time defending it's property from theft and produce less.
    So honest men formed units, you may call them tribes or communities if you want. But each developed a sort of protected "cell" where some were asked to use there day being "lookouts" for approaching danger or threats.
    But they were essentially employees of the community. There to "protect and serve" the freedoms and property from violators. A legitimate limited function.
    So the only proper role of any government is to insure that the freedoms and property of its members is secure from plunder!
    No other reality, no other system, no other function of gov't can exist without becoming converted in part to Collectivism. And that road leads to tyranny. The very thing our founders warned us of from the beginning. The price of freedom is eternal vigilance.

  • @bahed1
    @bahed1 3 ปีที่แล้ว +1

    Niall Ferguson has such a supple mind and I really enjoyed that sparring (and it was) between he & VDH. When will the Left and the Right begin having Civil dialogue like this?

  • @David_Watts
    @David_Watts 3 ปีที่แล้ว +1

    In the beginning of this discussion, it seemed as if Ferguson was more Left learning than what I knew Hanson would be. And not knowing about Niall, he really impressed me with a detailed picture of the distinct differences between what socialism is and what young millennials perceive it to be. At first his explanation seemed very factional and subcategorical. But his point that people thinking that Sweden represents socialism, and in fact doesn't, was very important and lead to the more important exposing of cancel culture and identity politics. A point that Hanson could expand upon. And Ferguson's call to have Republicans be held more accountable for their non-compassionate attitudes towards citizens as a whole was very compelling. I too, was VERY critical of George W Bush's brand of conservatism, not seeing it as such. And now we know he's just as swampy as most of Democrat Left. Great discussion; needed more time to do it justice..

  • @jstanley011
    @jstanley011 3 ปีที่แล้ว

    Great discussion, thanks!

  • @saris9487
    @saris9487 3 ปีที่แล้ว

    Wonderful discussion. VDH NF literate clear thinkers.

  • @alfashion
    @alfashion 3 ปีที่แล้ว

    Awesome work gentlemen

  • @manuelaaponte421
    @manuelaaponte421 3 ปีที่แล้ว +1

    I’m learning a lot from guys thank you

  • @SidekickSam24
    @SidekickSam24 3 ปีที่แล้ว +7

    This idea of crony capitalism kinda sounds like the mirror argument of "communism isn't a bad concept, it just hasn't been done right, yet." Usually people say the morals of Christianity must be paired with capitalism to keep it just and fair. I never hear anyone discussing the pairing of Christianity with communism, but maybe that's impossible. Communists are usually anti-Christian.

    • @JDmix123
      @JDmix123 3 ปีที่แล้ว +2

      Yes that’s impossible bc in communism the STATE becomes your God

    • @LOUDMOUTHFLAVORS
      @LOUDMOUTHFLAVORS 3 ปีที่แล้ว +2

      It is completely impossible. Christianity goes against the very principle of communism. If you couple them together, it becomes so.ething else completely.

    • @nalejbank
      @nalejbank 3 ปีที่แล้ว

      Communists are opposed to all religions that don't conform to state wishes and objectives. That why there underground churches and practitioners of "unapproved" and therefore seditious.
      Jesus opposed oppression!
      Communism IS oppression!
      IT is "GOD". Jesus was a voluntarist, not a thief! He believed in educating the evil nature of man out of him. Even God wanted voluntary worship. That's why he gave "Adam & Eve" choice! They chose wrong. They disobeyed God's instructions and chose to go it alone. When you disobey your father, you usually get disciplined if he loves you! Jesus was sent as the "lamb of God". The way back that covers our sin (disobedience).
      But this crap that Jesus was a communist makes no sense whatsoever and is a lie straight from hell!
      Good luck humans!

  • @kaisersoza7937
    @kaisersoza7937 3 ปีที่แล้ว

    Awesome!! Thank you

  • @ShovelMonkey
    @ShovelMonkey 3 ปีที่แล้ว

    Nailed it at 18:40!

  • @bluebluedogbooks
    @bluebluedogbooks 3 ปีที่แล้ว

    Interesting discussion. Thanks.

  • @roberthargraves7957
    @roberthargraves7957 3 ปีที่แล้ว

    Great chat.

  • @karlp8484
    @karlp8484 3 ปีที่แล้ว +2

    I can't think of a single example of pure Communism or a pure market economy (capitalism). The only question that arises is to what extent does the government control or not the national economy. USSR very high, 1960s USA very low. The secret to success is getting the balance between the public and private sector right. One extreme is Pol Pot Cambodia and the other extreme is Las Vegas or Tombstone in 1880.

  • @specksoftime
    @specksoftime 3 ปีที่แล้ว

    Great conversation.

  • @stumbling
    @stumbling 3 ปีที่แล้ว +1

    I have a heavy suspicion that were it not for the Constitution, America would have been a socialist country before today.
    We always talk in miserable tones about the supposed inevitable leftward trend of politics but we should admire the power of right-wing ideas that can last centuries before succumbing to leftist incursion. If we only have to write a good document once every three centuries we should be okay.

  • @JK-eh2jp
    @JK-eh2jp 3 ปีที่แล้ว

    So educational, thank you. Audio quality is quite poor, could you please repost.

  • @stephenpowstinger733
    @stephenpowstinger733 3 ปีที่แล้ว

    Really great guys.

  • @mathewballard555
    @mathewballard555 3 ปีที่แล้ว +2

    46minutes in... VDH starts hitting the nails on the head.
    Good notes regarding socialism:
    Equal n poor is better than unequal n better off.
    Jealousy n envy are powerful.
    Someone being better off than you is more important than you being better off.