Excellent questions from the students, and from what I've noticed, quite honest. And that energy, examples and depth of Dr. Brooks are amazing. It must have been spectacular to have watched it live and to have talked to him.
i have been looking for yaron brook videos lately and thought he was on vacation because he usually has 3 or 4 videos a week i guess he is on a tour speaking glad i found this
When you call Atlas Shrugged "disgusting" ... Yaron will choke you out with logic @49:20 - My suggestion to the questioner is to integrate Yaron's answer and go back and re-read that book slowly. Every word in that book is precise and there for a reason.
I can guess what he means, but of course I can't speak for him. He most likely means that capitalism is not all about stuff and money. As he says a few seconds later, capitalism allows for freedom and, by extension, wealth, which enables, for example, more artists to create art. Of course not only because of wealth, but also because it allows for complete freedom of expression. Plenty of texts in the middle ages could get you burned at the stake, or sent to the Gulag if we take a more recent example. I don't think he uses "materialistic" in its philosophical meaning, which might lead to confusion. Capitalism is all about this world, not about another mystical dimension. In that sense it is completely materialistic.
You have misunderstood the point Yaron was making. The wealth is created, not transferred. In the iPhone example, Yaron became wealthier when he purchased the phone because the features the phone has are worth more to him than the $1,000 he paid for it. He can now talk to his children from anywhere in the world. He can listen to any piece of music ever created. He can ask the phone for directions to any place on the planet and have the optimal route calculated for him in under a second. Pretty incredible feats of technology for such a low price, I'm sure you'll agree. But not only did Yaron get wealthier as a result of the transaction, so too did Apple, because they made a profit on the sale. Voluntary transactions are win-win.
They are if the wealth is transferring "up" to people who are creating value, nothing wrong with that. I get it, you offer nothing of value to the world: Not my problem.
You're right, but in order to solve that problem, you have to get the diagnosis right. Buying power is being destroyed by government and the fed. The numeric value of wages does not matter if you stop debasing the currency. Going back to a sound currency is the #1 way to address poverty. But government does not want to lose power, lose influence, so they will always blame the issues they caused on something else, and today in america it's being blamed on capitalism, even though we are very far away from being a capitalist economy.
Great stuff!
Imagine having detention and you gotta sit in the middle of another lecture like that xD
On a serious note - Yaron is the man!
Great lecture. Needed more church bells though.
Excellent questions from the students, and from what I've noticed, quite honest. And that energy, examples and depth of Dr. Brooks are amazing. It must have been spectacular to have watched it live and to have talked to him.
Such a treat to watch!
I love how Yaron Brook answers questions
Amazing and though provoking lecture. Loved every minute of it!
Among some of the best talks (and they're all good) I've seen. The Q&A in particular.
Damn man, these students can't just ask short simple questions.
i have been looking for yaron brook videos lately and thought he was on vacation because he usually has 3 or 4 videos a week i guess he is on a tour speaking glad i found this
There are a few other recent ones on his channel. Let me know if you need help finding them. He did quite a few talks.
@@ToTheNines87368 thanks i found them man yaron is the best
Why is there a dude in the middle pretending to be scribbling down? It's unnerving
Durham Union, man 😊
When you call Atlas Shrugged "disgusting" ... Yaron will choke you out with logic @49:20 - My suggestion to the questioner is to integrate Yaron's answer and go back and re-read that book slowly. Every word in that book is precise and there for a reason.
Great lecture
Lol I love Yaron Brook. But what is this? Is he in audience with the queen?
The queen and her secretary in the middle.
Durham Union 😊
"Capitalism is not materialistic" ---- I'd like to hear Yaron expand on this. it is at 1:00:46 into the interview.
I can guess what he means, but of course I can't speak for him. He most likely means that capitalism is not all about stuff and money. As he says a few seconds later, capitalism allows for freedom and, by extension, wealth, which enables, for example, more artists to create art. Of course not only because of wealth, but also because it allows for complete freedom of expression. Plenty of texts in the middle ages could get you burned at the stake, or sent to the Gulag if we take a more recent example.
I don't think he uses "materialistic" in its philosophical meaning, which might lead to confusion. Capitalism is all about this world, not about another mystical dimension. In that sense it is completely materialistic.
❤❤
50:46 😂😂😂
Talk about Harry Potter
Nuance is not word this guy has ever encountered .
Hard to believe libertarian philosophy is taken seriously. But then lots of ridiculous things are.
So upwards wealth transfers are perfectly fine because only rich people are worthy.
You have misunderstood the point Yaron was making. The wealth is created, not transferred. In the iPhone example, Yaron became wealthier when he purchased the phone because the features the phone has are worth more to him than the $1,000 he paid for it. He can now talk to his children from anywhere in the world. He can listen to any piece of music ever created. He can ask the phone for directions to any place on the planet and have the optimal route calculated for him in under a second. Pretty incredible feats of technology for such a low price, I'm sure you'll agree. But not only did Yaron get wealthier as a result of the transaction, so too did Apple, because they made a profit on the sale. Voluntary transactions are win-win.
They are if the wealth is transferring "up" to people who are creating value, nothing wrong with that. I get it, you offer nothing of value to the world: Not my problem.
Wages are being decimated and buying power is shrinking by the second but thas okay because free markets
We in the west live in a mixed economy. Not in a free market and definitely not in capitalism.
You're right, but in order to solve that problem, you have to get the diagnosis right. Buying power is being destroyed by government and the fed. The numeric value of wages does not matter if you stop debasing the currency. Going back to a sound currency is the #1 way to address poverty. But government does not want to lose power, lose influence, so they will always blame the issues they caused on something else, and today in america it's being blamed on capitalism, even though we are very far away from being a capitalist economy.
So if I go splits on pizza with a fat guy I should not got half the pizza because the fat guy needs more.
^ Zero sum mentality.
I love how Yaron Brook answers questions