The failed war on drugs

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 9 July 2019

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s time to face the facts - the war on drugs has been a failed experiment. Anyone with a basic knowledge of economics and supply and demand will know that prohibition drives prices upwards, drive profits into the hands of criminal gangs and those very profit coaxes more gangs into the business, leading to more and more violence. It's time to call time on the war on drugs and apply common sense economics to this global issue.

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Transcript

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0:29.1	Conditions apply.
0:33.9	What in the world is happening on Wall Street?
0:36.2	Economic indicators. Who knows where this is going on Wall Street? Economic indicators.
0:37.8	Who knows where this is going to end up?
0:39.8	To understand the economy, you have to understand human nature.
0:51.6	Welcome to the David McWilliams podcast.
0:54.0	Hope all is well with you.
0:55.7	This week we're going to talk about why the war on drugs has been a monumental failure and we need to change it.
1:03.3	I'm joined by my old mate John Davis.
1:06.1	How are you?
1:07.0	And in Hackney over in London by Finn Midlockland.
1:10.8	How are you, Finn?
1:11.5	What's the correct, lads?
1:12.2	How are you?
1:12.9	All good.
1:13.6	All good.
1:16.7	Before we begin, I want to just mention that this episode is brought to you thanks to our Patreon supporters.
1:21.6	And to help support the content and perhaps more importantly to unlock exclusive comment and scenes and footage and
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