On Individual, Corporate, and Social Buying

New Discourses

Education

4.8 • 2.4K Ratings

🗓️ 15 September 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

New Discourses Bullets, Ep. 19 Apparently a lot of young people believe not only in something nonsensical but also specifically in socialism. I recently heard an example of a young woman talking about how all the necessities of life both "should be free" and "should be paid for by the government." Obviously, if they're paid for, they're not free, but she means that they're free for her and paid for by everyone, thus partly her, through the intermediary of the State. This is a terrible idea. To better understand why, it's best to understand a basic fact of economic decision-making, which are the differences between first-, second-, and third-person purchasing decisions and why government purchasing, which is always third-person, is always least likely to do well by the cost/quality tradeoff. Join host James Lindsay in this episode of New Discourses Bullets as he breaks it down. Support New Discourses: https://newdiscourses.com/support Subscribe to New Discourses on other platforms: https://newdiscourses.com/subscribe Follow James Lindsay: https://linktr.ee/conceptualjames © 2022 New Discourses. All rights reserved.

Transcript

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0:00.0	Hello and welcome to New Discourses Bullets, I'm James Lindsay and here on New Discourses Bullets
0:16.2	I give you a bullet point type summary of a single issue relevant to the woke Marxist
0:20.8	movement.
0:21.8	Today, I want to actually talk back to something I've heard from young people recently.
0:27.6	In fact, I heard this on a video today and it made me want to record this.
0:31.8	It's something that I'm borrowing.
0:33.3	This isn't my own creation.
0:35.4	This is not a new construction, but what I want to talk about is that there are four
0:40.2	different types of purchasing arrangements or purchasing dispositions, if you will.
0:46.8	And that boil down to two simple questions.
0:50.9	Who's paying and who's consuming?
0:53.4	In other words, they boil down to two simple considerations, which are cost and quality.
0:58.4	And the reason that I want to do this is because I keep hearing these young, socialist
1:02.5	inclined kids, and I say kids, meaning under 30, really.
1:09.7	What I keep hearing them say is things like that the government should provide all of the
1:14.2	necessary, all of the needs of life for people.
1:20.4	So whether that's food, whether that's shelter, these are things they actually look
1:23.3	literally listed food, shelter, medical care, any basic need in life.
1:30.8	I don't know if that's going to eventually include entertainment, like the latest video
1:34.7	game, Netflix, so that they don't get bored.
1:37.9	I don't know what it's going to include for them, but it's very easy to see how the so-called
1:41.7	basic needs that should be provided as they believe for free, which is false.
	...

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