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The Tom Woods Show

Ep. 1538 Socialist Runs into Buzzsaw

The Tom Woods Show

Tom Woods

Politics, Government, News

4.83.4K Ratings

🗓️ 21 November 2019

⏱️ 45 minutes

🧾️ Download transcript

Summary

Gene Epstein's recently hosted a debate between Gene himself and Richard Wolff, the Marxist professor emeritus of economics at the University of Massachusetts. The resolution under debate was, "Socialism is preferable to capitalism as an economic system that promotes freedom, equality, and prosperity." Gene joins me to dissent this Oxford-style debate, which Gene won handily (final statistics are in the episode).

Transcript

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0:00.0

The Tom Wood Show, Episode 1538.

0:03.3

Prepare to set fire to the index card of allowable opinion.

0:07.9

Your daily dose of liberty education starts here. The Tom Wood Show.

0:14.4

Books, as you know, Alexandria Ocasio-Cortez has been spreading some pretty terrible ideas,

0:18.9

and she's wrong on just about everything. Well, I've put together the definitive smash of all of it.

0:23.9

The Green New Deal, affordable housing, so-called free college, high tax rates.

0:28.8

It's in another free ebook, yes, a free ebook called AOC is wrong, the upside down world of Alexandria

0:34.7

Ocasio-Cortez. Grab your free copy at aociswrong.com.

0:40.3

Hey, everybody, Tom Woods here. Gene Epstein is back with us today. Gene is former economics and

0:46.1

book review editor at Barons, formerly chief economist at the New York Stock Exchange.

0:52.3

And right now, the director of the Soho Forum, which hosts debates on many contentious and

0:58.0

interesting topics in New York City, and that's one of the great things about living in the New

1:03.6

York City areas that you get to attend these events very easily. Well, Gene himself was one of the

1:09.6

debaters in his recent debate at the Soho Forum with Richard Wolfe, professor emeritus of economics

1:16.0

at the University of Massachusetts, and they were debating the following resolution. Socialism is

1:20.9

preferable to capitalism as an economic system that promotes freedom, equality, and prosperity.

1:27.8

The results turned out very much in Gene's favor. They began with 25% supporting that resolution,

1:36.0

ending with 24 and a half percent supporting that resolution. But being opposed to the resolution,

1:41.2

therefore agreeing with Gene went from approximately 49% all the way up to 71% I believe. So it was

1:48.2

a big, big jump for Gene. And if you're wondering why it doesn't add up to 100%, there are still some

1:53.2

undecideds. So I wanted to talk to Gene about this debate. Now I know he's done that. He's done the

1:57.9

rounds a bit on the podcast circuit. And I was in Austria at the time. But I dare say you're going to

...

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