Such straightforward, clear, comprehensible and engaging explanations of the principles of self interest! No one does it better. The understanding/willingness for longer term results, oft noted at the personal level, seems perhaps less often noted re societal level successes. (The patience required for correction of negatives in free markets per competition for example.) In a society increasingly enabled in short term gratifications, willingness and appreciation for long(er) termism seems to be diminishing, but I would think required for success/happiness at all levels individual to societal.
It takes a lot of time and effort on your part to changed a fundamental philosophical view you hold. No matter how truthful what Yaron says is, unless the party listening is going to commit time and effort into it and take it seriously, it will not change. Atlas Shrugged affected Yaron so profoundly when he was 16 - when he hasn't experienced as much nor has he solidified his views on the world. I heard of Objectivism by complete accident when I was 20 - still young enough with enough curiosity, energy and will to look more into it. Here we have a man who is, what, in his 50s or 60s? I would never expect him to change at all, let alone in the span of a single talk. This is why growing up and surrounding ourselves with good people is so important and why making small changes (maybe talking to your nephews or siblings or friends) does a lot more good than trying to talk to "the establishment". Your parents aren't going to change their mind, most likely. It's usually a poor investment on your part when the alternative is young curious youth that still has some sense of life in them. I talk to my mother sometimes about these ideas and she partially accepts them, but I'm not banking on her changing. And my dad is a lost cause in that regard. So I talk mostly with my friends and on family meetings, I talk with the younger folk about it and present them with those ideas and maybe some of them would pursue them. Ultimately the proof is in the pudding. The more successful people are Objectivists, the more Objectivism will flourish because there would be a concrete reason to believe it. If maybe some day on Mars we could have societies that try to live according to different philosophical principles and self sustain, we'll see who is the most successful long term and reinvigorate that philosophy. Christianity took centuries to take over. Other religions and philosophies are the same - I mean, look at Marx - how long did that take? A few decades at least and not everywhere. If I were the red chair guy, I'd push the same questions and not accept or understand these ideas Yaron puts forth. It's really, really hard and there is not enough time. I think taking this into account is important and makes living much happier because it gives some humility to the fact not everyone accepts your ideas and you can move on instead of wallowing in that fact. I'm probably not the best person to explain all this but I hope it was somewhat informative.
@@SiMeGamer I guess the thing about the red chair guy for me was that he did not even seem to grasp at all what Yaron was trying to say. It would be one thing to say "I disagree and here's why" but it seemed like it was all going over his head and he wasn't following at all.
What sucks is that the smarter people are the harder it is to get them to understand. Smart people are better at rationalizing and confirming their own biases.
@@conveyor2 That's good, but if you invest 1 million in VC but don't get a return then that is your wealth "destroyed." The recipients of the 1M increased their wealth, by way of salary paid, labor paid, contractor's paid to build new labs, etc. ...When the stock market crashes, all that market capitalization doesnt disappear. Someone else got it.
Wealth is created by means of production, not consumption. If a business isn't making profits, then wealth is being squandered. A laborers' efforts and pay are tied to the values it's creating to the company. If the company does not make a profit due to the free market not valuing their product or service, then the company will go bankrupt, and the laborer will be jobless. Production is how our standard of living improves and how wealth is created.
@@johngleue Got it. The money is not destroyed and what gets transferred. Wealth is not the measure of money but something different. While money cannot pass away, it is only wealth that can be generated. Sound good?
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Such straightforward, clear, comprehensible and engaging explanations of the principles of self interest! No one does it better. The understanding/willingness for longer term results, oft noted at the personal level, seems perhaps less often noted re societal level successes. (The patience required for correction of negatives in free markets per competition for example.) In a society increasingly enabled in short term gratifications, willingness and appreciation for long(er) termism seems to be diminishing, but I would think required for success/happiness at all levels individual to societal.
Lynda here
hello Lynda
Interesting, never heard much about Yaron’s time in silicon valley.
Host should really turn those chairs they look so uncomfortable
This red chair guy is so determined to push the "self interest is bad" idea... will not pick up on what Yaron is saying.
If your told one thing for 40+ years and never heard it be rationally challenged, then what else can you expect.
@@illyavogel1660 true
It takes a lot of time and effort on your part to changed a fundamental philosophical view you hold.
No matter how truthful what Yaron says is, unless the party listening is going to commit time and effort into it and take it seriously, it will not change.
Atlas Shrugged affected Yaron so profoundly when he was 16 - when he hasn't experienced as much nor has he solidified his views on the world.
I heard of Objectivism by complete accident when I was 20 - still young enough with enough curiosity, energy and will to look more into it.
Here we have a man who is, what, in his 50s or 60s? I would never expect him to change at all, let alone in the span of a single talk.
This is why growing up and surrounding ourselves with good people is so important and why making small changes (maybe talking to your nephews or siblings or friends) does a lot more good than trying to talk to "the establishment". Your parents aren't going to change their mind, most likely. It's usually a poor investment on your part when the alternative is young curious youth that still has some sense of life in them. I talk to my mother sometimes about these ideas and she partially accepts them, but I'm not banking on her changing. And my dad is a lost cause in that regard. So I talk mostly with my friends and on family meetings, I talk with the younger folk about it and present them with those ideas and maybe some of them would pursue them.
Ultimately the proof is in the pudding. The more successful people are Objectivists, the more Objectivism will flourish because there would be a concrete reason to believe it. If maybe some day on Mars we could have societies that try to live according to different philosophical principles and self sustain, we'll see who is the most successful long term and reinvigorate that philosophy. Christianity took centuries to take over. Other religions and philosophies are the same - I mean, look at Marx - how long did that take? A few decades at least and not everywhere.
If I were the red chair guy, I'd push the same questions and not accept or understand these ideas Yaron puts forth. It's really, really hard and there is not enough time.
I think taking this into account is important and makes living much happier because it gives some humility to the fact not everyone accepts your ideas and you can move on instead of wallowing in that fact. I'm probably not the best person to explain all this but I hope it was somewhat informative.
@@SiMeGamer I guess the thing about the red chair guy for me was that he did not even seem to grasp at all what Yaron was trying to say. It would be one thing to say "I disagree and here's why" but it seemed like it was all going over his head and he wasn't following at all.
What sucks is that the smarter people are the harder it is to get them to understand. Smart people are better at rationalizing and confirming their own biases.
Hi Lynda!
Is Yaron ever doing a show again?
he’s been busy 😂
Hello
Is the red chair where Chairman Mao sat? hahaha
Does wealth ever get destroyed? or just transferred?
If wealth can be created it can be destroyed.
@@conveyor2 That's good, but if you invest 1 million in VC but don't get a return then that is your wealth "destroyed." The recipients of the 1M increased their wealth, by way of salary paid, labor paid, contractor's paid to build new labs, etc. ...When the stock market crashes, all that market capitalization doesnt disappear. Someone else got it.
@@WolvesOfApolloTools are a form of wealth. They wear out all the time. Wealth is not energy.
Wealth is created by means of production, not consumption.
If a business isn't making profits, then wealth is being squandered.
A laborers' efforts and pay are tied to the values it's creating to the company. If the company does not make a profit due to the free market not valuing their product or service, then the company will go bankrupt, and the laborer will be jobless. Production is how our standard of living improves and how wealth is created.
@@johngleue Got it. The money is not destroyed and what gets transferred. Wealth is not the measure of money but something different. While money cannot pass away, it is only wealth that can be generated. Sound good?