The History Of Socialism And Capitalism

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....

Пікірлер: 464

  • @ramongonzalez2112
    @ramongonzalez21123 жыл бұрын

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

  • @wtfhah

    @wtfhah

    3 жыл бұрын

    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 жыл бұрын

    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
    @ocdyardcare42953 жыл бұрын

    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.

  • @sapatomaluco
    @sapatomaluco3 жыл бұрын

    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.

  • @tessysingh1327
    @tessysingh13273 жыл бұрын

    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 жыл бұрын

    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.

  • @usinglogic

    @usinglogic

    3 жыл бұрын

    This reflects current reality quite well

  • @cl5193

    @cl5193

    3 жыл бұрын

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

  • @jamesstuart9528

    @jamesstuart9528

    3 жыл бұрын

    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 жыл бұрын

    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
    @Seekthetruth30003 жыл бұрын

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

  • @gitmehere1
    @gitmehere13 жыл бұрын

    The fact we have to have this conversation is insane.

  • @shaunmcgough7227

    @shaunmcgough7227

    3 жыл бұрын

    Absolutely

  • @chisexton5845

    @chisexton5845

    3 жыл бұрын

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

  • @HoosierDaddyActual

    @HoosierDaddyActual

    3 жыл бұрын

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

  • @crackerjack4790
    @crackerjack47903 жыл бұрын

    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.

  • 3 жыл бұрын

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

  • @karmad.twelve6613

    @karmad.twelve6613

    3 жыл бұрын

    Agreed! Government is slavery!

  • @OghamTheBold

    @OghamTheBold

    3 жыл бұрын

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

  • @snoolee7950

    @snoolee7950

    3 жыл бұрын

    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.

  • @judgecal5386
    @judgecal53863 жыл бұрын

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

  • @JonnM
    @JonnM3 жыл бұрын

    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.

  • @periclesithaca4800
    @periclesithaca4800 Жыл бұрын

    Absolutely love hearing VDH speak. Supremely educated and articulate.

  • @linkes28
    @linkes283 жыл бұрын

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

  • @paulsusac4839

    @paulsusac4839

    3 жыл бұрын

    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 жыл бұрын

    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 жыл бұрын

    @@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 жыл бұрын

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

  • @rtgray7

    @rtgray7

    3 жыл бұрын

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

  • @micahkelly3245
    @micahkelly32453 жыл бұрын

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

  • @reganross3608
    @reganross36083 жыл бұрын

    Brilliant to be promoting honest and articulate discussions like these.

  • @aculasabacca

    @aculasabacca

    3 жыл бұрын

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

  • @UKtoUSABrit
    @UKtoUSABrit3 жыл бұрын

    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.

  • @extremespartan117
    @extremespartan1173 жыл бұрын

    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!

  • @chrisyuri4187
    @chrisyuri41872 жыл бұрын

    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.

  • @gbuz5789
    @gbuz57893 жыл бұрын

    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 жыл бұрын

    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 жыл бұрын

    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 жыл бұрын

    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 жыл бұрын

    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 жыл бұрын

    @@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.

  • @morgan1792
    @morgan17923 жыл бұрын

    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.... ;)

  • @stavivanackerson6563
    @stavivanackerson65633 жыл бұрын

    “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 жыл бұрын

    what is the definition of well educated?

  • @smokinonindo

    @smokinonindo

    3 жыл бұрын

    It allows them to maintain power

  • @tommygunn7745

    @tommygunn7745

    3 жыл бұрын

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

  • @LyingDog17

    @LyingDog17

    3 жыл бұрын

    The enabler who needs the vote.

  • @OghamTheBold

    @OghamTheBold

    3 жыл бұрын

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

  • @supperhey
    @supperhey3 жыл бұрын

    This is how a discussion/debate should be.

  • @KainedbutAble123
    @KainedbutAble1233 жыл бұрын

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

  • @juiceqc7716
    @juiceqc77163 жыл бұрын

    Thank you Gentlemen. It was a pleasure listening.

  • @MyOmegaBeams
    @MyOmegaBeams Жыл бұрын

    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
    @aislaportland55553 жыл бұрын

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

  • @AQuietNight
    @AQuietNight3 жыл бұрын

    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.

  • @karatgirl2827

    @karatgirl2827

    3 жыл бұрын

    He is!!

  • @tulipsontheorgan

    @tulipsontheorgan

    3 жыл бұрын

    AQuietNight 😆

  • @conniebaeza2037
    @conniebaeza20373 жыл бұрын

    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
    @adorablydeplorable75803 жыл бұрын

    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.

  • @sinisxer470
    @sinisxer4703 жыл бұрын

    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 жыл бұрын

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

  • @Gedwyn11

    @Gedwyn11

    3 жыл бұрын

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

  • @MCR1565
    @MCR15653 жыл бұрын

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

  • @IWantMyCountryBack2

    @IWantMyCountryBack2

    3 жыл бұрын

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

  • @TheSymphonyOfScience
    @TheSymphonyOfScience3 жыл бұрын

    Always love it when VDH drops another video

  • @gspurlock1118
    @gspurlock11183 жыл бұрын

    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 жыл бұрын

    Great thoughts there Gail!

  • @ImperiumVita

    @ImperiumVita

    3 жыл бұрын

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

  • @bobbinsthethird
    @bobbinsthethird3 жыл бұрын

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

  • @swordoff7
    @swordoff73 жыл бұрын

    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 жыл бұрын

    Don’t like the guy, classic pseudo intellectual!

  • @Gedwyn11

    @Gedwyn11

    3 жыл бұрын

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

  • @deerylou7112

    @deerylou7112

    3 жыл бұрын

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

  • @jackreacher.
    @jackreacher.3 жыл бұрын

    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.

  • @HoldenMcG
    @HoldenMcG3 жыл бұрын

    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.

  • @alanaadams7440
    @alanaadams74403 жыл бұрын

    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

  • @Norm475
    @Norm4753 жыл бұрын

    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.

  • @andersmful
    @andersmful3 жыл бұрын

    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.

  • @greatdayforall4690
    @greatdayforall46903 жыл бұрын

    Victor Davis Hanson is a national treasure.

  • @sixdollar4117
    @sixdollar41173 жыл бұрын

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

  • @gobowwoewow3752
    @gobowwoewow37523 жыл бұрын

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

  • @bigedfromny6037
    @bigedfromny60373 жыл бұрын

    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.

  • @patriciaritter4090
    @patriciaritter40903 жыл бұрын

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

  • @TheDNAGroup
    @TheDNAGroup3 жыл бұрын

    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 жыл бұрын

    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 жыл бұрын

    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 жыл бұрын

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

  • @Sphere723

    @Sphere723

    3 жыл бұрын

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

  • @kathymayes4290

    @kathymayes4290

    3 жыл бұрын

    Andrew Phoenix Only in your mind.

  • @scottphillips7108
    @scottphillips71083 жыл бұрын

    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.

  • @nyuki187
    @nyuki1873 жыл бұрын

    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.

  • @timwoodman
    @timwoodman3 жыл бұрын

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

  • @philipford6183
    @philipford61833 жыл бұрын

    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!

  • @EFChartley
    @EFChartley3 жыл бұрын

    Invite Thomas Sowell.

  • @PullingEnterprises
    @PullingEnterprises3 жыл бұрын

    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?

  • @b.bloomedyoga2579
    @b.bloomedyoga25793 жыл бұрын

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

  • @jesusmysavior2424
    @jesusmysavior24243 жыл бұрын

    Thank you very much, always enjoy the interview.

  • @photohounds
    @photohounds3 жыл бұрын

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

  • @siveshenragavulu2181
    @siveshenragavulu21813 жыл бұрын

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

  • @infoillness4222
    @infoillness42223 жыл бұрын

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

  • @Madstsone
    @Madstsone3 жыл бұрын

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

  • @StormTrysail

    @StormTrysail

    3 жыл бұрын

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

  • @brianburton1843
    @brianburton18433 жыл бұрын

    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).

  • @user-pe1ns8bd6j
    @user-pe1ns8bd6j3 жыл бұрын

    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.

  • @Kaiser_Johan
    @Kaiser_Johan3 жыл бұрын

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

  • @carlosprada4852
    @carlosprada48523 жыл бұрын

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

  • @6doublefive3two1
    @6doublefive3two13 жыл бұрын

    Two of my favorite "heavies"!

  • @BADALICE
    @BADALICE Жыл бұрын

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

  • @spiritualpolitics8205
    @spiritualpolitics82053 жыл бұрын

    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 жыл бұрын

    Great response

  • @aculasabacca

    @aculasabacca

    3 жыл бұрын

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

  • @kennethobrien8386
    @kennethobrien83863 жыл бұрын

    Excellent discussion. Thank you.

  • @HerseySyntheticOil
    @HerseySyntheticOil3 жыл бұрын

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

  • @stephenhowe316
    @stephenhowe3163 жыл бұрын

    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.

  • @kylem7365
    @kylem73653 жыл бұрын

    VDH & Ferguson? GOLD

  • @Zoey-uv7fs
    @Zoey-uv7fs3 жыл бұрын

    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.

  • @carlbyronrodgers
    @carlbyronrodgers3 жыл бұрын

    Very enjoyable and very informative.

  • @iankclark
    @iankclark3 жыл бұрын

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

  • @KaeBae_
    @KaeBae_3 жыл бұрын

    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.....

  • @midi510
    @midi5103 жыл бұрын

    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.

  • @bahed1
    @bahed13 жыл бұрын

    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?

  • @psam421
    @psam4213 жыл бұрын

    Amazing chat!

  • @crimsonfocker3823
    @crimsonfocker38233 жыл бұрын

    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

  • @gabe5946
    @gabe59463 жыл бұрын

    Good conversation fellas, thanks

  • @brightonduder
    @brightonduder3 жыл бұрын

    Brilliant job - many thanks for this

  • @JK-eh2jp
    @JK-eh2jp3 жыл бұрын

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

  • @nalejbank
    @nalejbank3 жыл бұрын

    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.

  • @ShovelMonkey
    @ShovelMonkey3 жыл бұрын

    Nailed it at 18:40!

  • @randalllindsey2813
    @randalllindsey28133 жыл бұрын

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

  • @adrianjcox8611
    @adrianjcox86113 жыл бұрын

    Brilliant discussion. Thank you Hoover yet again.

  • @Bill_Woo
    @Bill_Woo3 жыл бұрын

    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.

  • @alstrehli9402
    @alstrehli94023 жыл бұрын

    How long will it be that Richard Wolfe is excluded from the Hoover Institution? A. B. Strehli

  • @titobandito6060
    @titobandito60603 жыл бұрын

    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.

  • @IWantMyCountryBack2
    @IWantMyCountryBack23 жыл бұрын

    I feel like there is someone missing from the conversation. Ayn Rand's Atlas Shrugged was all about this, no?

  • @annabellealmado5399
    @annabellealmado5399 Жыл бұрын

    Good evening Niall Ferguson. My name is Annabelle Almado and I am listening in KZread video about your discussion regarding Socialism and Capitalism. My question is this: if socialism is good towards the prosperity of humanity, why the former Union of Soviet Socialist Republic and East Berlin fall down?

  • @SidekickSam24
    @SidekickSam243 жыл бұрын

    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 жыл бұрын

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

  • @LOUDMOUTHFLAVORS

    @LOUDMOUTHFLAVORS

    3 жыл бұрын

    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 жыл бұрын

    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!

  • @mikewilliams4947
    @mikewilliams49473 жыл бұрын

    Steven Pinker has a great Ted that outlines the benefit of free markets on world wide reductions in hunger, infant mortality and just general improvements in the human condition. Also Francis Fukuyama in his books outlines the benefits of capitalism in general doing the same.

  • @dartharpy9404
    @dartharpy94043 жыл бұрын

    Great speakers and scholars 😃

  • @karlp8484
    @karlp84843 жыл бұрын

    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.

  • @stumbling
    @stumbling3 жыл бұрын

    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.

  • @fergus247
    @fergus2473 жыл бұрын

    An easy way to find out which system is better, just ask which side resorts to name calling whenever they are debated

  • @David_Watts
    @David_Watts3 жыл бұрын

    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..

  • @alfashion
    @alfashion3 жыл бұрын

    Awesome work gentlemen

  • @jstanley011
    @jstanley0113 жыл бұрын

    Great discussion, thanks!

  • @ShaneBurns
    @ShaneBurns3 жыл бұрын

    On cue, less than 24 hours before filming, former Twitter CEO Dick Costolo on Twitter "Me-first capitalists who think you can separate society from business are going to be the first people lined up against the wall and shot in the revolution. I'll happily provide video commentary." ,,,followed by pictures from his Napa Estate...

  • @kathymayes4290

    @kathymayes4290

    3 жыл бұрын

    Shane Burns Wow, do you have a link? And isn’t that against “twit” policy?

  • @kaisersoza7937
    @kaisersoza79373 жыл бұрын

    Awesome!! Thank you

  • @mathewballard555
    @mathewballard5553 жыл бұрын

    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.