Any country that leverages inordinately high taxes on the most successful and productive members of the society and gives that money to the lazy least productive members by definition do what my comment states. And your second comment is irrelevant. Im a conservative capitalist, I don’t care about terms like republican or Democrat. None of that means anything. Just party names. Do you think conservative capitalists are on welfare? ....
Absolutely correct. The entire society is based on punishing the productive and rewarding the unproductive. Income taxes is one example, welfare in another. Its based on a sickness of the mind.
We shouldnt even be considering socialism. This is them getting us used to the idea by debating it. The problem with socalism is at some point you run out of other peoples money.
32shumble, are you kidding? Kids are conditioned constantly by media, entertainment, music, movies, school,... there is no refuge from the left's indoctrination. WAKEtf UP! They don't debate it, the left can't win a verbal debate. They encourage The Mob to "debate" it.
Is that another logical argument? A bumpersticker slogan and name calling. Classic LOL You have the victim mentality thought process all right. I am no victim.
Well if you think usa is not out of money than let me throw some water on your face...20 trillion plus dollars in debt. Most of it is becouse of tax cuts to rich and Wars Iraq n Afghanistan...so we didnt run out of money becouse of hardworking poor people.
ONLY 21 DAYS until mid-term elections Nov 6th, 2018! Vote REPUBLICAN Nov 6 2018, call family friends neighbors relatives, drive them to polls, help them w mail in ballots. Democrats favor illegal aliens over citizens, globalism over Americanism, guilty until proven innocent w/o evidence. Swarm the Polls VOTE REPUBLICAN!
@R F They dont want to admit it because that would scare off potential voters! Project Veritas has shown democrats lying and not wanting the public to know how they really feel about policies!
He's brilliant. If he's a shill, then he's doing a lousy job of it, since so few have even heard of him, especially those on the Left; who are the very ones who are in most need of hearing his message..
This needs to be played over and over so everyone will hear it ! Wow Creativity please run this during Day time it will hit the notes people will understand
I would like to enter this conversation. In 1978 I designed my first computer out of available chips. My regular job was as a Telecom/Field Engineer for a large electric utility, not to design a new computer system. My original company was bought out by a larger company. Each company had taken it's own tact for setting up their SCADA and monitoring systems. When they "joined" up, they had the problem of having two different systems to integrate. The second, and more problematic issue, was that these two companies were in direct competition and therefore had no incintive to create a solution. The problem boiled down to converting communication protocols between the two companies. For instance the SCADA Master would issue an information request from one of the numerous sites in the system. This request was captured by my design, reformatted to the other company's communication format, and sent to the site. It would then respond, at which time my design would capture the response, reformat it, and send it to the master. This all had to happen in Real-Time. In other words, with little or no delay. There is a purpose to this story and it's just about to come up. The utility let me stay home and design the system. I was their only hope. No one else in the company of 25000 could do it. If I couldn't do it, the utility would have to choose one of the two competing systems, and replace a lot of equipment, costing millions. I was paid overtime, when applicable. There were 4 other techs im my shop that were unhappy with the fact that I was getting paid overtime to work at home. This caused my boss to question me fairly often when I was going to be "done". And here's the point of this rather long story. I could only respond with "No one has ever designed a system like this. If you could buy it off the shelf you would. Therefore I can't tell you when I'll be done, since I've never done this before". This is the essence of the AI problem. The only thing a computer can do is what it has been previously programmed to do. It's only claim to fame is that it can do what it does, very fast. It doesn't "think". It's presented with a problem, and if previously programmed to deal with it, will do so, very fast. If it is not programmed to handle the problem, it will be confused ... very fast. When writing software, the larger portion is spent writing for every possibility, even things that aren't supposed to happen. This is what marks a stable piece of software. If the software isn't stable, it's useless. So if the computer is presented with a combination of inputs not programmed for, it will "mumble off to mama", very fast! Therefore the ultimate problem in programming is accounting for EVERY POSSIBILITY ... good luck with that. How would a computer solve a previously unknown problem. How would it know if a posibility was legitimate? The PROGRAMMER would have to tell it so, BEFOREHAND. By the way, my solution worked perfectly in the end, and still is ... 10 years later. I got paid $400 for my efforts (and quite a bit of overtime). But I also got the satisfaction of creating something unique, that solved an existing problem. It don't get no better than that, for a dedicated softhead/hardhead. Down with compilers ... assembly language forever! Harry Kenneth Richardson II
Capitalism once worked well. When the product you bought was more or less locally produced and when multiple parties were offering the same type of product. Nowadays a lot of what we consume is not visible to the customer anymore. What kind of feed does a farmer gives his cattle? What happens to our data on the internet. I agree that communism does not work. But i am looking at our government to keep the big companies honest. To bad that these companies turn out to be the biggest donors to the politicians that are supposed to keep them honest and us safe.
I don't consider myself "left wing" because I still hold some socially conservative views, but progressive economic policy has a proven track record of stable long-term economic growth and mitigated chances of large crashes. Right wing and neo liberal economic policy (unchecked and unfettered capitalism withOUT protections in place to protect volatile market fluctuations, workers rights, environment, and worker exploitation) always leads to massive boom and massive bust cycles after which more and more wealth travels to the top, shrinking the middle class. Trickle down economics is has never worked and has lead to major crashes after Reagan, Bush, and will happen under or after Trump.
"The main vice of Capitalism is the uneven distribution of prosperity. The main vice of Socialism is the even distribution of misery." Winston Churchill.
Great interview. Nice insights. Very new and relevant. I've been talking about this concept of blockchain economy for years, you're the first person I've heard that's given a name to it.
Watched this interview yesterday in the ML program and it is absolutely magnificent, hearing the wisely given report here by GW. Do not miss it and understand the deadness of communism versus the the growth in knowledge by the creativity of humans in capitalism. A dead system vs. a living and growing system. LLL is a blessing to the nation, so thanks Mark.
Machines create jobs.... oh yeah? I personally witnessed 250 employees lose thier jobs on an assembly line to just 10 robotic machines! The plant scaled back production and stockpiled parts for the span of a week while the machines where installed. When they became operational half where "let go" while the other half where used to compensate any down time for tooling adjustments for quality control. As The robotic arms speed and conveir belts speed was increased.. the amount if employees on the line decressed. To just -3- employees. Two line runners and a robotic repair technician. I know they take jobs because I was the repair technician for 5 years. I knew my job costed all of them theirs. I hated coming to work more and more. Machines dont tell you about the weekends they had they dont tell you dirty jokes or their plans for their future you would hear them talk about until it was time to clock out. I got to hear a buzz and diffrent color blinking light to alert me about what malfunction it detected or task completed and ready for Retooling for another directive. These two doucehbags should spend one night in a real factory before they open their ignorant mouths.
What a mind filling episode. Have to get the book now. People in their bubbles just dont know what's happening. Knowledge is power. Empower yourself and surprise yourself!
The growth of knowledge is boundless. Creativity is the foundation of wealth because it leads to explanations that discover new knowledge. Mind is born one lifetime at a time and then returned, the only thing that transcends us is knowledge. Language is our collective extended memory. There is some serendipity in creation, it can only surprise us in a flow of making and searching. The mistake is the idea that we will end scarcity, which could only end when we as physical beings stop developing into new modes of creativity and go into stasis. Our future understanding and goals in the world will be very different when we are ourselves different. The growth of knowledge is boundless because our knowledge of the natural world continues to grow and of the world we ourselves continue to create.
I'd argue that if a man-made machine cannot tame/exceed the man himself, then wouldn't it be true that man cannot tame/exceed nature? If a human brain can seem to control and tame nature (of course it doesn't in the sense that nature goes on no matter what), it seems possible to suggest that a machine could one day tame humanity. The displacement from farming (and mostly self-reliance) to urban manufacturing (relying on others) was huge; it seems reasonable to see that AI will also displace ever more sophisticated people's work (both manufacturing which is obvious already being taken over by "smarter machines," coupled with services that will be automated next -- think many doctors, lawyers, low end software developers, drivers, stock traders, etc.)
As I was growing up, one saying comes to mind - *"You learn something new every day!"* Therefore, we have never stopped learning new things! Anyone who believes otherwise, is stuck in a rut! Has anyone seen the 1929 "silent movie" - *"Metropolis"?* A great movie depicting the rise of the machine over humankind! Then, the revolt against the machine!
Gilder's new book 'LIFE AFTER CAPITALISM' is being released later this year which promises to be even more consequential and far reaching than the above.
Knowledge and learning is capitalism. How can the conscious man not learn that no one can exist on minimum wages and become creative. The capitalist system keeps the common people content with bread and circus distributions. Every human wants the necessities with contentment. Man will work for something good that he can attain.
Socialism means many different things to different people. Democratic Socialism here in New Zealand from 1935 till 1975 was terrific for all but the bankers and landlords. It was a mix of state planning and ownership with still plenty of room for private initiative. The NZ govt built great infrastructure, free hospitals, free schools and universities as well as the best houses for workers found anywhere in the world. People did not become lazy, unemployment was near zero for all those decades despite generous welfare for those unable or too old too work. Businesses were profitable tho they faced many restrictions including high import tariffs and quotas. Wages were high and workers had money to spend so only the very rich were unhappy because they had to pay people well if they wanted them to clean their toilet for them. Check out Scandinavia today. Don't take the Wall St journal as a serious source tho, their banker buddies hate the fine example of democratic socialism with great services, lots of innovation in a dynamic economy that shares prosperity with all citizens. If capitalism is so great how come the US has crumbling infrastructure, falling life expectancy and disfunctional politics.
what is really funny is that a lot of young people thinks socialism is great! sure it is great till they get that first paycheck where like more than 50% is taken out of that check then they see that socialism isnt so great!
Individuals empowered to take their trusted networks and relationships with them through blockchain will overcome socialist controls of information sadly guiding some on the west coast! Dr. Gilder's Inspiring clarity on the importance of creativity & power of Grace through freedom is eye opening! Highlights: AI has inherent determinism! Thought provoking challenge to google marxism & silicon valley bubbles of philosophy! Blockchain challenge to controlled information adds more hope to our creatively inspired solutions!
Gotta disagree on one thing. Machine learning A.I. _constantly_ surprises us. We use the concept of natural selection in simulations to find the best possible way of doing something, and we are almost always surprised at what it finds. Take chess, for example, what humans might have thought was the best move is indeed not, the A.I. will surprise us and make a different move that 50 moves later ends up being better. A.I. will never become like Skynet though, no matter how intelligent they are, they still play chess only when we want them to, they lack _drive._ They will always depend on humans for direction.
Isn’t it ironic these companies like Google and FB are all for the socialist agenda, yet they’re both running their money through offshore bank accounts to avoid paying taxes. They could finance everyone in the country and even provide free health insurance yet they don’t even pay their fair share of taxes. I guess it’s okay if it’s not their money being given away, just yours and mine.
Super A.I will surpass human mind capabilities I’m not sure why you doubt that. Plenty of study’s and experiments where A.I machines have actually learned by themselves special abilities. Like one learned to recognize iris and face features on a human. Again it was not coded to do so but rather learned by it self. It’s in a documentary called “Do you trust this computer.” Also if you looked into quantum mechanics you will learn how much further technology will go. With how Subatomic particles can change orbit at anytime and how this can Translate to human particles being scanned and reconstructed elsewhere regardless of distance. In other words teleportation!!
I would agree wealth measure knowledge. If you count the use of said knowledge to buy the government power and control to game the system to gain more wealth. You have more knowledge to know it's easier to use power to manipulate the system instead of being creative. Take patents and just insert company against citizen b.
Necessity is the mother of invention, not some bureaucrat using force to impose a limited set of ideas. Learning is hard; so socialists want others to think for them, just as the religious relied on others for their thinking.
What about those that can’t for what ever reason? In a world where we have everything those that have deserve more because one is more intelligent. Is it just about exploitation of people, animals, land and sea until there’s nothing left. As long as those $ are piling up for those that exceed the capacity of the rest of the population. So the majority distribution of wealth only goes to the 1% and everyone is okay with seeing those that have continue to have and those that don’t, continue to have not.
I tried to argue against Venezuela with a friend, but he said that it was America's fault. Fixing the oil prices or something. I don't believe him, but I lack the facts.
America has nothing to do with it. Chavez came into power and seized control over oil production. Along with implementing all sorts of socialism. In fact, they're experiencing mass inflation right now. Their unemployment numbers are sky high and people they're experiencing a famine. This is due to Chavez intervention in the market. Venezuela was doing great in the mid 20th century before this guy took over.
Capitalism is a word, the word was thus "coined" -- it was not coined by capital-profit-seekers.....it was coined by PJ Proudhon (father of anarchism and mutualism -- it was anarchists who came up with free-market theory). When Proudhon coined "capitalistic" and defined the country who best represented it, he said America from 1790 to 1850-ish was the best example of it. Capitalism at that time had certain features and he outlined those features. 1) There was no free-markets (at that time), 2a) Profits were primarily directly or indirectly Slave Based 2) Only wealthy WASP white men could vote, 3) Women and People of Color could not consume the same basket of goods and "own" them in the same way as WASP Men could, 4) Women could be sold-off to men as marital-chattel, 5) Women could be forced to suffer and were forbid to seek pain-remedies from pains origin, 6) Women had no control over marriage or children thereafter, 7) 1st Peoples were forced on reservations, 8) 1st Peoples had no religious freedoms and no educational control over their children, 9) Poor people were forced by Gov't to participate in Fugitive Slave Capture. AS SOON as you change the basis of an economy you must change the name of that economy, you can't call it capitalism if it harbors aspects of socialism. Milton Friedman said over-and-over in the 70's, 80's, and 90's that America was a Mixed-Economy 50% Capitalist 50% Socialist (also known as Corporatism and specifically Liberal-Corporatism -- created by Mussolini, though we call his "Fascistic-Corporatism). Privatization is NOT free-market theory -- it is SPECIFICALLY Mussolini's Corporatist thinking, again and very specifically the use of the word "privatization" If we don't get our word origins right as parties divide you can't be sure how they view and are arguing the word. Free-market Theory is older than anarchism, it goes back to laissez faire which comes out of the desire of Mercantilist thinking, wanting Monarchy out of producer-consumer relations -- it goes back to the 1700's.
After reading the comments I have come to realize that being a philanthropist may not be the best use of money. It is probably better to invest the money, thereby creating jobs which lift people out of poverty.
Is it possible that your own points undercut your argument....people at a given point in time have assumed that their technology is the all to end all...and yet here we are talking about A.I. likes it's no big deal. Years from now, what will they be saying (computing) about us?
Lots of mistakes here. Don’t hate on corporations/technologists, they are harmless until they “partner” with gov. So focus on liberty, which means less gov. Also, the limitations proved by Godel and Turing don’t just apply to computers, but to every system including humans. Lastly, computers can be extremely creative, just look at AlphaGo which beat the highest human Go master. There will come a time when machines will be smarter and more creative that humans, but that comes gradually and by then most humans will have chosen to be increasingly “bionic”, so the difference between humans and machines will blur as we go. Glider says we can’t predict the future but goes on to make such wild predictions about things that will “never” happen. Shows you can be both smart and wrong.
It needent be one or the other, all or none...socialist style running of utilities and basic amenities is a must, but only if those who benefit, contribute...it should work like a loan where insurance is impracticle, in the labour market, protection of basic work practice saftey is preferable over profit alone,...basic health care prevents a huge amount of disease and neglect but...better systems must be encouraged and researched, the subsidizing of life saving drugs is absoluty preferable to rackets like the recent purchase and extortionate 5000% price hike of the drug used for treating toxoplasmosis by Martin Shkreli.
As usual, little to no perspective in the comments. Look, almost any system can be made to work if everyone involve wants it to. The benefit that capitalism has is that is pragmatic, where socialism and communism are idealistic. It's not that socialism couldn't work. But capitalism recognizes that humans are essentially only idealistic after their own needs and wants are met, and a lot of them are just outright greedy. So, you create a system that doesn't attempt to pretend that's not true, but instead it does what it can to direct that tendency towards the greater good. The problem of course is that it also allows those most greedy (and power is money, so greed applies to power as well) to get into a position to start making the playing field unfair. Capitalism only works optimally if the playing field is fair. If anyone can have a great idea and get rich, that encourages people to have good ideas. When the folks who already have gotten rich start to arrange things to keep those benefits to themselves, it starts to fall apart. If that goes far enough, you will get rebellion and then you will end up socialism or communism. People will turn on the system if it is only serving a privileged few. I mean the socialist/communist tendencies in this country in the early parts of the 1900s didn't come form nowhere. The communist revolution in Russia didn't come from nowhere. When capitalism fails, you'll likely get the other extreme (and probably a lot of heads cut off and all that.)
@vertex2100 Well, that's a pretty much perspective-free comment. The bulk of Marxists or Communists on the planet (like the bulk of most everythings on the planet) are what they are because they were born into it. If they'd have been born somewhere else, they'd likely be something else. If you'd have been born somewhere else, you might have been a Marxist or Communist, and may or may not have questioned that viewpoint, and any failings you would have had on the competition front wouldn't necessarily be a failure of character or intelligence but just one of social inheritance. And their lackings may not be that much more damaging to us all in the end than yours. Lack of perspective and blind bigotry has probably killed as many of us humans over the centuries than our chosen political systems.
5 ปีที่แล้ว +1
Socialism is built on air an other's work ? Constitutional REPUBLIC is built on freedoms prosperity with legal RIGHTS an hard work of the citizens for the citizens not others wealth freedoms or tyranny control by division or freedoms by RIGHTS and law that is the question hate of socialism or love of family freedoms an liberty by the citizens love
It's better to give than to receive, except to those that give (pay taxes) and those that receive (get tax payouts.) Capitalism is better for the productive, socialism is better for the non-productive. Increase socialism and you get more non- productivity. Increase capitalism and you get more productivity. Socialism breeds mediocrity. Capitalism breeds exceptionalism.
US is a socialist country. Who creates money?, Healthcare, subsidies etc.etc. Capitalism lives within socialism in almost all countries of the western world
Socialism does not undercut learning, it promotes thought and critical thinking. That is how you plan. It makes you challenge thought. He undercut his own thought. Capitalism is a type of dogma. This is just crap. Come on people think it through. Do one type of society is the end all be all, it takes a little bit of everything to create a healthy society. They both need each other in order to exist.
The American capitalist system is not an ideology, instead it is the best economy system that makes the best for everyone. But because people insists calling it capitalism, so I call it "American capitalism" to distinguish it from the global criminal "Marxist capitalism" which is "made in China” and infecting the whole world right now, so be aware please. People must learn more to understand "American capitalism", but the result can tell a lot. It produces big middle class, small very rich class, and small very poor class (the economy classes). And the average gap between rich and poor is also not too much. The American people just want a good job, some opportunity to get rich, and social equality, which they can not get them from socialism, but they can get them from "American capitalism". That is why they love "American capitalism" and hate socialism (and so do I). There is no such thing as democratic socialism because true democracy is anti-ideology and vice versa. But there are two styles of socialism, national socialism and global (Marxist) socialism. National socialism is specific to a nation, good or bad, it does not harm other nations, so I have no problem with it. The evil is Marxist socialism (or communism) which killed more than 100 millions people already. Marxist socialism is a big lie because it never works. it imposes economy equality, which is naturally suitable for insects, not for humans. While social equality is good because it gives people the equal means to work and to compete, economy equality is bad because it only makes people equally poor and lazy in a society that is unequal and unfair. It takes a book to explain all the evil of Marxist socialism, in this short comment, I can only summarize it like this: Socialism is an illusion, a night-mare, a doctrine that is anti-human nature, a crime against humanity, a hell on earth, a big lie, the most stupid, crazy, heinous ideology that turns human back to animal. The communists and liberal socialists are the most unscrupulous, ruthless, self-center, delusional, cruel, thuggish, deceptive, cunning con artist criminals who are very arrogant, pretentious, crazy, full of hatred, and so on. I can prove everything I said and if you do not understand what “Marxist capitalism” is, read Karl Marx’s "Das Kapital" to understand it or go to communist China or Vietnam see it for yourself.
Great commentary but George is wrong about machine intelligence, as a matter of fact he is breaking his own rule, e.g., that progress will stop, A.I. will never become sentient.
These machines are replacing peoples minimum wage starting jobs and lower skilled people jobs. Not all people can afford a university school education and not all people are cut out to be a universality educated person !! What happens to these people when computer robotics takeover their jobs !
Good, taking away low level jobs that nobody likes and reducing the amount we have to work is a GREAT thing for humanity. Being an ideological hack is wanting to preserve capitalism by slowing down Automation. You won't find a SINGLE socialist who is against Automation (unless they are a social democrat....in which case they're pro-mixed economy, not socialists)
Mr. Gilder with all due respect. Sr. anyone at your level with knowledge! technology! carpentry! are you a Freemason? President Reagan had you up on a pedestal that's says a lot
Capitalism = you own your life, socialism = the state owns your life....you think you own a business, not under socialism, you think you can make your own decisions, not under socialism. Under socialism the government tells you when, what, where and how.
To all the Democrat adults living in your parents' basement, I propose this question: what happens for you if God forbid your parents are both killed, like in an accident? What are you going to do? Do you KNOW?
I feel my brain cells dying just listening to this segment. What is this man saying. Lol they ask a outrageous question and get an answer that goes all different ways
Yay oil drilling the northpole , oil spilling a hoax, Exxon valdez was not pretty and that was just the one tanker..R.I.P. Alaska wildlife/the one planet.
This is why the government should not be limiting our children from the knowledge of The Bible in schools. God gives us knowledge, wisdom and understanding eternal.
Being Social is what you do after a hard days work ! Socialism is more like people who don't work taking from those who work hard! I am anti-social to those who want socialism !
We are in Socialism now. This is not capitalism. Capitalism is what we had in the 1950s. Sense then we moved to Socialism. Soon we will be Socialism in it entirety, but call it something else.
Social Security is running out. Again, another failure from socialism. What about the fact that social security discourages people from saving because they think they'll be taken care of? You should have the freedom to do whatever you like with your own money, you think it's okay for the government to confiscate part of your check and give it to you when you're older like you're some sort of brainless child? You don't have the common sense to know how to spend your money and you want to voluntarily hand it over to the government?
Socialism punishes hardworking people and rewards laziness
TRUMP 2020
lol.. can you give me an examples of a socialist country that does that?
more people receive welfare in Republican run states.. (Google it) --- so you're basically shitting on yourself.
Any country that leverages inordinately high taxes on the most successful and productive members of the society and gives that money to the lazy least productive members by definition do what my comment states. And your second comment is irrelevant. Im a conservative capitalist, I don’t care about terms like republican or Democrat. None of that means anything. Just party names. Do you think conservative capitalists are on welfare? ....
@@therussiantrollnetwork7464 -- so this was just a feeling you had, you have no examples of situations where this occurred?
Absolutely correct. The entire society is based on punishing the productive and rewarding the unproductive. Income taxes is one example, welfare in another. Its based on a sickness of the mind.
We shouldnt even be considering socialism. This is them getting us used to the idea by debating it. The problem with socalism is at some point you run out of other peoples money.
No-one IS considering socialism - it's just a scare tactic by Fox.
32shumble, are you kidding? Kids are conditioned constantly by media, entertainment, music, movies, school,... there is no refuge from the left's indoctrination. WAKEtf UP! They don't debate it, the left can't win a verbal debate. They encourage The Mob to "debate" it.
RINOtard - you are just a victim of right-wing government propaganda - don't be a fool all your life.
Is that another logical argument? A bumpersticker slogan and name calling. Classic LOL You have the victim mentality thought process all right. I am no victim.
Well if you think usa is not out of money than let me throw some water on your face...20 trillion plus dollars in debt. Most of it is becouse of tax cuts to rich and Wars Iraq n Afghanistan...so we didnt run out of money becouse of hardworking poor people.
Nobody on the planet can afford socialism.
The end.
except for Norway, Canada, Sweden, Germany, and about 50 other countries. lol
Apollo we are trillions in debt you white lefty basement dweller.
@@MrfuckinBeilke Those are not socialist countries. Please read up.
@@MrfuckinBeilke If you worked for 7 dollars, and I only have 3 dollars, do you think you should have to give me 2 dollars so we are even?
Get Over It a lazy socialist does.
ONLY 21 DAYS until mid-term elections Nov 6th, 2018! Vote REPUBLICAN Nov 6 2018, call family friends neighbors relatives, drive them to polls, help them w mail in ballots. Democrats favor illegal aliens over citizens, globalism over Americanism, guilty until proven innocent w/o evidence. Swarm the Polls VOTE REPUBLICAN!
All
@R F They dont want to admit it because that would scare off potential voters! Project Veritas has shown democrats lying and not wanting the public to know how they really feel about policies!
Vote red and keep America great, enough said
Perfectly stated.
Seems more fitting that the socialists should be red and conservatives blue, as they are in Britain.
america is the devil
@@ArwingFighter then get out
@Blond abernichtblöd Obama doubled it
Wow! This was a really great talk. *I learned so much, just from this one discussion.*
Thank you...I have learned so much...George is very enlightening....
don't be fooled he's just another shill working for the top 10% who are sucking the wealth out of the working & middle classes
He's brilliant. If he's a shill, then he's doing a lousy job of it, since so few have even heard of him, especially those on the Left; who are the very ones who are in most need of hearing his message..
i'm not sure, just learned about him, open to learning from him but he is a bit simplistic - there is more to life than economics. yes!
This needs to be played over and over so everyone will hear it ! Wow
Creativity please run this during Day time it will hit the notes people will understand
I would like to enter this conversation. In 1978 I designed my first computer out of available chips. My regular job was as a Telecom/Field Engineer for a large electric utility, not to design a new computer system. My original company was bought out by a larger company. Each company had taken it's own tact for setting up their SCADA and monitoring systems. When they "joined" up, they had the problem of having two different systems to integrate.
The second, and more problematic issue, was that these two companies were in direct competition and therefore had no incintive to create a solution. The problem boiled down to converting communication protocols between the two companies. For instance the SCADA Master would issue an information request from one of the numerous sites in the system. This request was captured by my design, reformatted to the other company's communication format, and sent to the site. It would then respond, at which time my design would capture the response, reformat it, and send it to the master. This all had to happen in Real-Time. In other words, with little or no delay.
There is a purpose to this story and it's just about to come up. The utility let me stay home and design the system. I was their only hope. No one else in the company of 25000 could do it. If I couldn't do it, the utility would have to choose one of the two competing systems, and replace a lot of equipment, costing millions. I was paid overtime, when applicable. There were 4 other techs im my shop that were unhappy with the fact that I was getting paid overtime to work at home. This caused my boss to question me fairly often when I was going to be "done".
And here's the point of this rather long story. I could only respond with "No one has ever designed a system like this. If you could buy it off the shelf you would. Therefore I can't tell you when I'll be done, since I've never done this before".
This is the essence of the AI problem.
The only thing a computer can do is what it has been previously programmed to do. It's only claim to fame is that it can do what it does, very fast. It doesn't "think". It's presented with a problem, and if previously programmed to deal with it, will do so, very fast. If it is not programmed to handle the problem, it will be confused ... very fast.
When writing software, the larger portion is spent writing for every possibility, even things that aren't supposed to happen. This is what marks a stable piece of software. If the software isn't stable, it's useless. So if the computer is presented with a combination of inputs not programmed for, it will "mumble off to mama", very fast!
Therefore the ultimate problem in programming is accounting for EVERY POSSIBILITY ... good luck with that. How would a computer solve a previously unknown problem. How would it know if a posibility was legitimate? The PROGRAMMER would have to tell it so, BEFOREHAND.
By the way, my solution worked perfectly in the end, and still is ... 10 years later. I got paid $400 for my efforts (and quite a bit of overtime). But I also got the satisfaction of creating something unique, that solved an existing problem.
It don't get no better than that, for a dedicated softhead/hardhead.
Down with compilers ... assembly language forever!
Harry Kenneth Richardson II
midiman1007 interesting
Capitalism once worked well. When the product you bought was more or less locally produced and when multiple parties were offering the same type of product. Nowadays a lot of what we consume is not visible to the customer anymore. What kind of feed does a farmer gives his cattle? What happens to our data on the internet.
I agree that communism does not work. But i am looking at our government to keep the big companies honest. To bad that these companies turn out to be the biggest donors to the politicians that are supposed to keep them honest and us safe.
I don't consider myself "left wing" because I still hold some socially conservative views, but progressive economic policy has a proven track record of stable long-term economic growth and mitigated chances of large crashes. Right wing and neo liberal economic policy (unchecked and unfettered capitalism withOUT protections in place to protect volatile market fluctuations, workers rights, environment, and worker exploitation) always leads to massive boom and massive bust cycles after which more and more wealth travels to the top, shrinking the middle class. Trickle down economics is has never worked and has lead to major crashes after Reagan, Bush, and will happen under or after Trump.
Thank you
9 of the last 10 recessions happened during Republican administrations. Coincidence?
@@leroyjohnson156 add Biden to that list for the democrats
This is a very informative, logical, thoughtful, and sane video with good reasoning.
"The main vice of Capitalism is the uneven distribution of prosperity. The main vice of Socialism is the even distribution of misery." Winston Churchill.
Thanks, Mark and George. Every high school student should watch this video once each week, for a year.
How about smart v stupid, period.....
Smart will lose because of the obama presidency.
Great interview. Nice insights. Very new and relevant.
I've been talking about this concept of blockchain economy for years, you're the first person I've heard that's given a name to it.
Watched this interview yesterday in the ML program and it is absolutely magnificent, hearing the wisely given report here by GW. Do not miss it and understand the deadness of communism versus the the growth in knowledge by the creativity of humans in capitalism. A dead system vs. a living and growing system. LLL is a blessing to the nation, so thanks Mark.
If I couldn't see Mark Levin talking, I'd swear he was Milton Friedman, not only in voice but in thinking as well.
Machines create jobs.... oh yeah? I personally witnessed 250 employees lose thier jobs on an assembly line to just 10 robotic machines!
The plant scaled back production and stockpiled parts for the span of a week while the machines where installed. When they became operational half where "let go" while the other half where used to compensate any down time for tooling adjustments for quality control. As The robotic arms speed and conveir belts speed was increased.. the amount if employees on the line decressed. To just -3- employees. Two line runners and a robotic repair technician. I know they take jobs because I was the repair technician for 5 years. I knew my job costed all of them theirs. I hated coming to work more and more. Machines dont tell you about the weekends they had they dont tell you dirty jokes or their plans for their future you would hear them talk about until it was time to clock out. I got to hear a buzz and diffrent color blinking light to alert me about what malfunction it detected or task completed and ready for Retooling for another directive. These two doucehbags should spend one night in a real factory before they open their ignorant mouths.
He was a great guest! I enjoyed him and his passion for life!
What a mind filling episode. Have to get the book now. People in their bubbles just dont know what's happening. Knowledge is power. Empower yourself and surprise yourself!
Rest of the interview?
Our society is of course,
both of those things
Mark Levin is music to my ears . His discussions are always so interesting. And I can learn from that . I respect this guy’s intellect.
This is a treat. I've never been explained capitalism in such a manner. (Picking up the book too!)
The growth of knowledge is boundless. Creativity is the foundation of wealth because it leads to explanations that discover new knowledge. Mind is born one lifetime at a time and then returned, the only thing that transcends us is knowledge. Language is our collective extended memory. There is some serendipity in creation, it can only surprise us in a flow of making and searching. The mistake is the idea that we will end scarcity, which could only end when we as physical beings stop developing into new modes of creativity and go into stasis. Our future understanding and goals in the world will be very different when we are ourselves different. The growth of knowledge is boundless because our knowledge of the natural world continues to grow and of the world we ourselves continue to create.
George Gilder is brilliant. Glad I watched this video.
I quit being white many years ago. I now consider myself light brown. Best thing I ever did.
Very interesting guest with Levin _ got to read his books. Vote GOP Nov 4 do not sit home!
I'd argue that if a man-made machine cannot tame/exceed the man himself, then wouldn't it be true that man cannot tame/exceed nature? If a human brain can seem to control and tame nature (of course it doesn't in the sense that nature goes on no matter what), it seems possible to suggest that a machine could one day tame humanity.
The displacement from farming (and mostly self-reliance) to urban manufacturing (relying on others) was huge; it seems reasonable to see that AI will also displace ever more sophisticated people's work (both manufacturing which is obvious already being taken over by "smarter machines," coupled with services that will be automated next -- think many doctors, lawyers, low end software developers, drivers, stock traders, etc.)
Thank you, George. It's comforting and reassuring to know the Luddites are not going to take over, (at least, not anytime soon).
wheres the rest of the interview?
Very interesting dude. I wish Fox would have more of these kinds of discussions.
As I was growing up, one saying comes to mind -
*"You learn something new every day!"*
Therefore, we have never stopped learning new things! Anyone who believes otherwise, is stuck in a rut!
Has anyone seen the 1929 "silent movie" - *"Metropolis"?*
A great movie depicting the rise of the machine over humankind! Then, the revolt against the machine!
Gilder's new book 'LIFE AFTER CAPITALISM' is being released later this year which promises to be even more consequential and far reaching than the above.
Knowledge and learning is capitalism. How can the conscious man not learn that no one can exist on minimum wages and become creative. The capitalist system keeps the common people content with bread and circus distributions. Every human wants the necessities with contentment. Man will work for something good that he can attain.
Wow, just great. Thank you!
Interesting handshake. Your thumb looked like it landed on his knuckle...enlightening
Socialism means many different things to different people. Democratic Socialism here in New Zealand from 1935 till 1975 was terrific for all but the bankers and landlords. It was a mix of state planning and ownership with still plenty of room for private initiative. The NZ govt built great infrastructure, free hospitals, free schools and universities as well as the best houses for workers found anywhere in the world. People did not become lazy, unemployment was near zero for all those decades despite generous welfare for those unable or too old too work. Businesses were profitable tho they faced many restrictions including high import tariffs and quotas. Wages were high and workers had money to spend so only the very rich were unhappy because they had to pay people well if they wanted them to clean their toilet for them. Check out Scandinavia today. Don't take the Wall St journal as a serious source tho, their banker buddies hate the fine example of democratic socialism with great services, lots of innovation in a dynamic economy that shares prosperity with all citizens. If capitalism is so great how come the US has crumbling infrastructure, falling life expectancy and disfunctional politics.
Simply put: life is like a chess game. Art of surprise changes the thought layout for success.
what is really funny is that a lot of young people thinks socialism is great! sure it is great till they get that first paycheck where like more than 50% is taken out of that check then they see that socialism isnt so great!
The first thing they would say is "I can't afford my phone on this." Taxes more like 90% by the way.
Clear thinking. Goes to Alan Turing.
Individuals empowered to take their trusted networks and relationships with them through blockchain will overcome socialist controls of information sadly guiding some on the west coast! Dr. Gilder's Inspiring clarity on the importance of creativity & power of Grace through freedom is eye opening!
Highlights: AI has inherent determinism! Thought provoking challenge to google marxism & silicon valley bubbles of philosophy! Blockchain challenge to controlled information adds more hope to our creatively inspired solutions!
What if we need a little both of blockchain and socialism?
Gotta disagree on one thing. Machine learning A.I. _constantly_ surprises us. We use the concept of natural selection in simulations to find the best possible way of doing something, and we are almost always surprised at what it finds. Take chess, for example, what humans might have thought was the best move is indeed not, the A.I. will surprise us and make a different move that 50 moves later ends up being better. A.I. will never become like Skynet though, no matter how intelligent they are, they still play chess only when we want them to, they lack _drive._ They will always depend on humans for direction.
Isn’t it ironic these companies like Google and FB are all for the socialist agenda, yet they’re both running their money through offshore bank accounts to avoid paying taxes. They could finance everyone in the country and even provide free health insurance yet they don’t even pay their fair share of taxes. I guess it’s okay if it’s not their money being given away, just yours and mine.
why did he ask "what is AI"? ... the guy just simply says "Artifical Intelligence" and so the host was satisfied. what??
does George gilder factor the National debt into his calculations ?
Super A.I will surpass human mind capabilities I’m not sure why you doubt that. Plenty of study’s and experiments where A.I machines have actually learned by themselves special abilities. Like one learned to recognize iris and face features on a human. Again it was not coded to do so but rather learned by it self. It’s in a documentary called “Do you trust this computer.” Also if you looked into quantum mechanics you will learn how much further technology will go. With how
Subatomic particles can change orbit at anytime and how this can Translate to human particles being scanned and reconstructed elsewhere regardless of distance. In other words teleportation!!
I would agree wealth measure knowledge. If you count the use of said knowledge to buy the government power and control to game the system to gain more wealth. You have more knowledge to know it's easier to use power to manipulate the system instead of being creative. Take patents and just insert company against citizen b.
Creativity, without education (knowledge) does not exist.
Necessity is the mother of invention, not some bureaucrat using force to impose a limited set of ideas. Learning is hard; so socialists want others to think for them, just as the religious relied on others for their thinking.
What about those that can’t for what ever reason? In a world where we have everything those that have deserve more because one is more intelligent. Is it just about exploitation of people, animals, land and sea until there’s nothing left. As long as those $ are piling up for those that exceed the capacity of the rest of the population. So the majority distribution of wealth only goes to the 1% and everyone is okay with seeing those that have continue to have and those that don’t, continue to have not.
I'm guessing he's not getting an invite for a Google Talk.
We gotta get back to the Basics America. Freedom, Liberty and JUSTICE FOR ALL. Capitalism is the best system on the planet.
God, I love it, now let us talk about theft, and who will take out the trash, and who will be left to clean up the mess.
That's exactly why they want it.
Gilder is a brilliant mind
Socialism is communism with voting!
How about the third way?
Best video ever!
I tried to argue against Venezuela with a friend, but he said that it was America's fault. Fixing the oil prices or something. I don't believe him, but I lack the facts.
America has nothing to do with it. Chavez came into power and seized control over oil production. Along with implementing all sorts of socialism. In fact, they're experiencing mass inflation right now. Their unemployment numbers are sky high and people they're experiencing a famine. This is due to Chavez intervention in the market. Venezuela was doing great in the mid 20th century before this guy took over.
Optimistic message.
Capitalism is a word, the word was thus "coined" -- it was not coined by capital-profit-seekers.....it was coined by PJ Proudhon (father of anarchism and mutualism -- it was anarchists who came up with free-market theory).
When Proudhon coined "capitalistic" and defined the country who best represented it, he said America from 1790 to 1850-ish was the best example of it.
Capitalism at that time had certain features and he outlined those features.
1) There was no free-markets (at that time), 2a) Profits were primarily directly or indirectly Slave Based 2) Only wealthy WASP white men could vote, 3) Women and People of Color could not consume the same basket of goods and "own" them in the same way as WASP Men could, 4) Women could be sold-off to men as marital-chattel, 5) Women could be forced to suffer and were forbid to seek pain-remedies from pains origin, 6) Women had no control over marriage or children thereafter, 7) 1st Peoples were forced on reservations, 8) 1st Peoples had no religious freedoms and no educational control over their children, 9) Poor people were forced by Gov't to participate in Fugitive Slave Capture.
AS SOON as you change the basis of an economy you must change the name of that economy, you can't call it capitalism if it harbors aspects of socialism.
Milton Friedman said over-and-over in the 70's, 80's, and 90's that America was a Mixed-Economy 50% Capitalist 50% Socialist (also known as Corporatism and specifically Liberal-Corporatism -- created by Mussolini, though we call his "Fascistic-Corporatism).
Privatization is NOT free-market theory -- it is SPECIFICALLY Mussolini's Corporatist thinking, again and very specifically the use of the word "privatization"
If we don't get our word origins right as parties divide you can't be sure how they view and are arguing the word.
Free-market Theory is older than anarchism, it goes back to laissez faire which comes out of the desire of Mercantilist thinking, wanting Monarchy out of producer-consumer relations -- it goes back to the 1700's.
After reading the comments I have come to realize that being a philanthropist may not be the best use of money. It is probably better to invest the money, thereby creating jobs which lift people out of poverty.
Is it possible that your own points undercut your argument....people at a given point in time have assumed that their technology is the all to end all...and yet here we are talking about A.I. likes it's no big deal. Years from now, what will they be saying (computing) about us?
Lots of mistakes here. Don’t hate on corporations/technologists, they are harmless until they “partner” with gov. So focus on liberty, which means less gov. Also, the limitations proved by Godel and Turing don’t just apply to computers, but to every system including humans. Lastly, computers can be extremely creative, just look at AlphaGo which beat the highest human Go master. There will come a time when machines will be smarter and more creative that humans, but that comes gradually and by then most humans will have chosen to be increasingly “bionic”, so the difference between humans and machines will blur as we go. Glider says we can’t predict the future but goes on to make such wild predictions about things that will “never” happen. Shows you can be both smart and wrong.
The man is right AI would need to constantly be thanked for being helpful,,, socialism is very bad and is being made possible by bad educators...
It needent be one or the other, all or none...socialist style running of utilities and basic amenities is a must, but only if those who benefit, contribute...it should work like a loan where insurance is impracticle, in the labour market, protection of basic work practice saftey is preferable over profit alone,...basic health care prevents a huge amount of disease and neglect but...better systems must be encouraged and researched, the subsidizing of life saving drugs is absoluty preferable to rackets like the recent purchase and extortionate 5000% price hike of the drug used for treating toxoplasmosis by Martin Shkreli.
As usual, little to no perspective in the comments. Look, almost any system can be made to work if everyone involve wants it to. The benefit that capitalism has is that is pragmatic, where socialism and communism are idealistic. It's not that socialism couldn't work. But capitalism recognizes that humans are essentially only idealistic after their own needs and wants are met, and a lot of them are just outright greedy. So, you create a system that doesn't attempt to pretend that's not true, but instead it does what it can to direct that tendency towards the greater good.
The problem of course is that it also allows those most greedy (and power is money, so greed applies to power as well) to get into a position to start making the playing field unfair. Capitalism only works optimally if the playing field is fair. If anyone can have a great idea and get rich, that encourages people to have good ideas. When the folks who already have gotten rich start to arrange things to keep those benefits to themselves, it starts to fall apart.
If that goes far enough, you will get rebellion and then you will end up socialism or communism. People will turn on the system if it is only serving a privileged few. I mean the socialist/communist tendencies in this country in the early parts of the 1900s didn't come form nowhere. The communist revolution in Russia didn't come from nowhere. When capitalism fails, you'll likely get the other extreme (and probably a lot of heads cut off and all that.)
@vertex2100 Well, that's a pretty much perspective-free comment. The bulk of Marxists or Communists on the planet (like the bulk of most everythings on the planet) are what they are because they were born into it. If they'd have been born somewhere else, they'd likely be something else. If you'd have been born somewhere else, you might have been a Marxist or Communist, and may or may not have questioned that viewpoint, and any failings you would have had on the competition front wouldn't necessarily be a failure of character or intelligence but just one of social inheritance.
And their lackings may not be that much more damaging to us all in the end than yours. Lack of perspective and blind bigotry has probably killed as many of us humans over the centuries than our chosen political systems.
Socialism is built on air an other's work ? Constitutional REPUBLIC is built on freedoms prosperity with legal RIGHTS an hard work of the citizens for the citizens not others wealth freedoms or tyranny control by division or freedoms by RIGHTS and law that is the question hate of socialism or love of family freedoms an liberty by the citizens love
The Great One!
If the creative side of society points to socialism maybe you should look at it, maybe there's some knowledge there
The only thing we have to fear is ourselves, deceived.
So much wisdom!
It's better to give than to receive, except to those that give (pay taxes) and those that receive (get tax payouts.)
Capitalism is better for the productive, socialism is better for the non-productive.
Increase socialism and you get more non- productivity. Increase capitalism and you get more productivity.
Socialism breeds mediocrity. Capitalism breeds exceptionalism.
US is a socialist country. Who creates money?, Healthcare, subsidies etc.etc. Capitalism lives within socialism in almost all countries of the western world
Socialism does not undercut learning, it promotes thought and critical thinking. That is how you plan. It makes you challenge thought. He undercut his own thought. Capitalism is a type of dogma. This is just crap. Come on people think it through. Do one type of society is the end all be all, it takes a little bit of everything to create a healthy society. They both need each other in order to exist.
The American capitalist system is not an ideology, instead it is the best economy system that makes the best for everyone. But because people insists calling it capitalism, so I call it "American capitalism" to distinguish it from the global criminal "Marxist capitalism" which is "made in China” and infecting the whole world right now, so be aware please. People must learn more to understand "American capitalism", but the result can tell a lot. It produces big middle class, small very rich class, and small very poor class (the economy classes). And the average gap between rich and poor is also not too much. The American people just want a good job, some opportunity to get rich, and social equality, which they can not get them from socialism, but they can get them from "American capitalism". That is why they love "American capitalism" and hate socialism (and so do I).
There is no such thing as democratic socialism because true democracy is anti-ideology and vice versa. But there are two styles of socialism, national socialism and global (Marxist) socialism. National socialism is specific to a nation, good or bad, it does not harm other nations, so I have no problem with it. The evil is Marxist socialism (or communism) which killed more than 100 millions people already. Marxist socialism is a big lie because it never works. it imposes economy equality, which is naturally suitable for insects, not for humans. While social equality is good because it gives people the equal means to work and to compete, economy equality is bad because it only makes people equally poor and lazy in a society that is unequal and unfair. It takes a book to explain all the evil of Marxist socialism, in this short comment, I can only summarize it like this:
Socialism is an illusion, a night-mare, a doctrine that is anti-human nature, a crime against humanity, a hell on earth, a big lie, the most stupid, crazy, heinous ideology that turns human back to animal. The communists and liberal socialists are the most unscrupulous, ruthless, self-center, delusional, cruel, thuggish, deceptive, cunning con artist criminals who are very arrogant, pretentious, crazy, full of hatred, and so on. I can prove everything I said and if you do not understand what “Marxist capitalism” is, read Karl Marx’s "Das Kapital" to understand it or go to communist China or Vietnam see it for yourself.
Great commentary but George is wrong about machine intelligence, as a matter of fact he is breaking his own rule, e.g., that progress will stop, A.I. will never become sentient.
Capitalism vs socialism with one old guy who likes capitalism and.. oh wait no just that point of view. No pro socialist voice. Got it
Mark levin!!!
These machines are replacing peoples minimum wage starting jobs and lower skilled people jobs. Not all people can afford a university school education and not all people are cut out to be a universality educated person !! What happens to these people when computer robotics takeover their jobs !
The population will (hopefully) adjust to the changing demand. In fact, it's already happening. Fertility rates are dropping.
Good, taking away low level jobs that nobody likes and reducing the amount we have to work is a GREAT thing for humanity. Being an ideological hack is wanting to preserve capitalism by slowing down Automation. You won't find a SINGLE socialist who is against Automation (unless they are a social democrat....in which case they're pro-mixed economy, not socialists)
Mr. Gilder
with all due respect.
Sr.
anyone at your level with knowledge!
technology!
carpentry!
are you a Freemason?
President Reagan had you up on a pedestal that's says a lot
Capitalism = you own your life, socialism = the state owns your life....you think you own a business, not under socialism, you think you can make your own decisions, not under socialism. Under socialism the government tells you when, what, where and how.
This conversation will be way to much to handle for the goobers wearing MAGA hats. You need to dumb it down several notches.
He doesnt look like an actual old man
He looks like tilda Swinton in old man makeup
Straw men bruised everywhere.
Very interesting point of view on Capital. So how did we get where we're at? How did we deviate from what he defined as Capitalism?
To all the Democrat adults living in your parents' basement, I propose this question: what happens for you if God forbid your parents are both killed, like in an accident? What are you going to do? Do you KNOW?
I feel my brain cells dying just listening to this segment. What is this man saying. Lol they ask a outrageous question and get an answer that goes all different ways
He is dead wrong about the danger of AI.
Yay oil drilling the northpole , oil spilling a hoax, Exxon valdez was not pretty and that was just the one tanker..R.I.P. Alaska wildlife/the one planet.
I like this guy
I agree with most of this man's words, but hearing him go on about AI was just completely PATHETIC. Beyond pathetic.
This is why the government should not be limiting our children from the knowledge of The Bible in schools. God gives us knowledge, wisdom and understanding eternal.
Danuta Presutti Schools are not churches, no one should never force any religions on kids or anybody for that matter.
If you're trying to force your religion onto my children, I should be allowed to force mines onto your children.
You have no idea what you're talking about about machines lol
Ego lame. Truth good
We need a woman president a lady liberty that cares for all Americans not just wealthy republican Men .vote blue
Being Social is what you do after a hard days work !
Socialism is more like people who don't work taking from those who work hard!
I am anti-social to those who want socialism !
We are in Socialism now. This is not capitalism. Capitalism is what we had in the 1950s. Sense then we moved to Socialism. Soon we will be Socialism in it entirety, but call it something else.
We had more capitalism in the 50's before the administrative state expanded in the 60's. Capitalism is what we had in the 20's before the new deal.
If you don't like socialism, tell your grandma to rip up her Social Security checks
Social Security is running out. Again, another failure from socialism. What about the fact that social security discourages people from saving because they think they'll be taken care of? You should have the freedom to do whatever you like with your own money, you think it's okay for the government to confiscate part of your check and give it to you when you're older like you're some sort of brainless child? You don't have the common sense to know how to spend your money and you want to voluntarily hand it over to the government?