4.8 • 3.3K Ratings
🗓️ 25 May 2016
⏱️ 38 minutes
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The left-wing George Monbiot of The Guardian says the financial crisis was caused by “neoliberalism,” a term Mises and Hayek never used, but a category into which Monbiot places them. He then says pretty much all our problems have been caused by “neoliberalism.” It’s a smorgasbord of stupidity, but (or should I say “so”?) it went viral.
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0:00.0 | The Tom Woods Show, episode 667. |
0:03.6 | Prepare to set fire to the index card of allowable opinion. |
0:08.1 | Your daily dose of liberty education starts here, the Tom Woods Show. |
0:14.5 | Hi, everybody, Tom Woods here. |
0:16.1 | I'm all by myself today doing an episode on an article from The Guardian that I should have done a while ago |
0:22.6 | and I meant to do it. I don't know how it slipped my mind. I got so many requests from people |
0:28.9 | to smash this article so I feel bad that it's so late. The article is from mid-April, and as I'm |
0:36.6 | talking to you, it's May 24th, 2016. So better |
0:41.5 | late than never, but I'm sorry about this. I honestly don't know how I went this long without |
0:45.9 | doing it. So it's just my mistake, but here we go doing it. The article is by a guy named |
0:52.5 | George Monbeo, and it's called neoliberalism, the ideology at the root of all our problems. |
1:00.6 | Of course, I'm going to link to it at tomwoods.com slash 667. |
1:04.1 | Monbeio writes for The Guardian regularly. |
1:08.0 | He's involved in almost any left-wing cause you can imagine. And he's writing this piece |
1:14.1 | on neoliberalism. Now, neoliberalism is a word that as soon as you hear it, you know the person |
1:19.5 | using it is a propaganda artist. You know that for a fact. Because you don't describe yourself |
1:24.1 | as a neoliberal. I don't know anybody who calls himself that. I've never |
1:27.7 | called myself a neoliberal. It's a ridiculous term that was invented basically as a term of derision. |
1:35.1 | So anytime somebody is going to try to do a study of a school of thought and calls it something |
1:40.1 | that members of that school of thought don't even use. |
1:45.0 | He attributes to them a term they don't use to describe themselves, so you know that person is a scammer, basically, an intellectual scammer. |
1:53.0 | But neoliberal, that is, I mean, there should be alarm bells going off when you hear neoliberal. |
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