Markets vs. Mobs | Jeff Deist

Recorded at the Mises Institute in Auburn, Alabama, on 18 July 2020.

[@eric-8998]

Jeff Deist is an extraordinary communicator. His mind moves lively and eloquently through his topics.

[@mattiopattio]

one of my favorite speakers, thanks jeff!

[@mu2freighter]

Agreed, but I'm surprised that Jeff didn't reference Mises' own motto as a default strategy for confronting the irrational mob: *_"Tu ne cede malis, sed contra audentior ito"_* (Latin: Do not give in to evil but proceed ever more boldly against it) Just _how_ to do this in these bizarre times is up to the individual, but I like its simplicity and clarity if anyone is torn on a course of action.

[@ludwigvonmiseswasright4380]

The black market or working "under the table" is thriving in this brave new economy where the "unemployed" receive government handouts. I am afraid to offer silver (not that I expect anyone to take it), because it may make me a target later on for theft, but it is a small effort to build wealth outside the system. I think I may begin to offer silver or paper dollars? It may make people think.

[@swordoff7]

So your wife's father, is it, is buried on the grounds of the San Diego, California Catholic Mission. Your mentioning this triggers a couple of thoughts of my own. Living as a Catholic practitioner combined with Libertarian philosophy is a contradiction.

[@WreakingHavoc1]

@@ludwigvonmiseswasright4380 This will only accelerate with crypto. But yes, you want to be careful with broadcasting that you have things like silver because the dollar is going to collapse in the near future and it may make you a target for theft. Harder to steal crypto but obviously people could use force against you to make you give up your password in a worst case scenario.

[@legalfictionnaturalfact3969]

Ludwig, you are paranoid with the silver thing. Real value isn't in commodity metals, but in productivity. But anyway, yeah, the working class has been screwed over. It's not like youre particularly rich. Maybe you should bootstrap it. Maybe you haven't worked hard enough or else you would be a ceo. Oops, doesn't sound so good when it's directed at you does it? LOL

[@alainduncan3756]

27:27 "...that doesn't mean politics doesn't affect them... of course, criminality affects every entrepreneur..." Well said. Politics = Criminality. It's as simple as that.

[@MichaelLoweAttorney]

2020 is not peak mob. It is beginning mob.

[@westonstoler977]

2021 wants your number

[@nickb3968]

Love the reference to Ronnie James Die's "The Mob Rules"

[@chriss.8582]

Any man who can unironically quote the late, great Ronnie James Dio in such perfectly timeless and relevant fashion, has my undying respect.

[@zhengyingli]

9:00 Speaking of recent assassinations, there were at least 3 U.S. senators that got shot to death in the past decade while investigating the alleged kidnappings done by Child Protective Services. Just this past week, a civil rights lawyer also got shot and killed while coincidentally working on a case against CPS.

[@seancondon464]

seek help

[@wertzui19871229]

*starts with a Sopranos quote* me: "ahh a man of culture"

[@Therion0184]

Ay Tone, ya hear what I told him?

[@ResurrectingJiriki]

ends with one by Black Sabbath ;-)

[@ResurrectingJiriki]

@Mississippi Squirrel who is?

[@Therion0184]

Mississippi Squirrel his house looked like shit

[@nelsonomicsruns9246]

Really great. Best talk of the week

[@MidwestClang]

That Bari Weiss description was perfect.

[@richdobbs6595]

Given the scale of modern America, the costs of the mob violence this summer should be thought of as production costs for the propaganda departments of the two major political parties. Governments are more than powerful enough to suppress this, as well as much of the inner city violence, if it was to political advantage. I just don't see this as political conflicts spontaneously escalating to mobs. The key element here is the choice of mayors with the support of the governors to not try to use police powers to suppress the activity. Rather than being at the mob level on this hierarchy, I think we are at the police state level combined with a fairly evenly divided polarized populace.

[@ludwigvonmiseswasright4380]

Thank you for outlining hope for the way out of this mob socialism.

[@LawrenceTimme]

Jeff is a legend.

[@jameskulevich8907]

I blame social media & twisted, biased news channels.

[@legalfictionnaturalfact3969]

Don't let the problem get so out of hand and then go boo hoo hoo when people finally start burning it down. Most of the companies damaged may call themselves private, but they're not. They received government help, subsidies, bailouts, Etc. That makes them public. Which makes them a property of the taxpayer. Which makes them Fair game. Basic logic.

[@iwalkenquicksand]

Love the vids from a few years ago. The vids exposing Lincoln as a tyrant, etc. I'd like to see some content on freedom of association. Let's be honest, if freedom of association was a paramount freedom none of our current media hyped problems would exist.

[@iwalkenquicksand]

@@benisrood They've already outlawed freedom of association, why would they keep attacking it?

[@hernancobo883]

Mobs come for us. Let's wake up before it's too late. (p.s. 100.000 subscribers, congratulations Mises Institute!)

[@WreakingHavoc1]

It's already too late. The 1965 Immigration Act has led to this. Nonwhites will soon become the majority and whites the minority. Hispanics are immigrating into Texas in ever growing numbers. Trump will most likely be the last Republican President. Texas will most likely turn blue in 2024. After that, it's either separation or civil war if you want a government that is limited with Constitutional rights. Otherwise, the Left will be raising your taxes to ever higher levels. You have too much, whitey! Time to surrender all your wealth to the Leftist mob!

[@mikebgood]

Love the Sopranos reference

[@pepleatherlab3872]

I get to the end then suddenly realize how old, and thankfully not alone I am to hear a Ronnie James Dio quote. History spins in strange circles. Children of the Sea was always my favorite though. "Reaching for the stars, we blind the sky" spoke to the hopes and optimism of the Gen X generation. Sadly, we found ourselves shackled to opaque and decadent politics of Boomers.

[@Anfwon]

I love you

[@nickb3968]

You forgot, "Welcome to Costco". :)

[@Pdrum2]

A quote from Mortimer Adler: "For such multiculturalists, these are all held to be matters of subjective personal predilection. They are not matters of public knowledge, not even knowledge with residual doubt, but only private or individual opinion, unsupported by the weight of evidence or reasons. What is or is not desirable is, therefore, entirely a matter of taste (about which there should be no disputing), not a matter of truth which can be disputed in terms of empirical evidence and reasons. That being the case, we are left with a question that should be embarrassing to the multiculturalists, though they are not likely to feel its pinch. When they proclaim the desirability of the multicultural, they dispute about matters that should not be disputed. What, then, can possibly be their grounds of preference? Since in their terms it cannot appeal to any relevant body of truth, what they demand in the name of multiculturalism must arise from a wish for power or a belief that their self-esteem will be somehow served. When dispute on a basis of empirical evidence or by appeal to rational grounds is ruled out, conflicting claims can only be resolved by power politics, either by force or by dominance of a majority. In either case, it comes down to might makes right. That is exactly what is happening today in the efforts of the multiculturalists to change the curriculum in the public schools and in our colleges."

[@chuanobee]

Chaos (the mob) vs Order (the market)

[@mrunfausted7746]

Didn't Mises argue that poly-logism is bunk?

[@wetdroidedition2549]

Mr UnFausted yeah, he characterized by "poly-logism" a trick used by Marx.

[@SFDestiny]

"Economics concerns itself with voluntary action" is typical economist sleight-of-hand. Certain actions constrain the freedom of other people, work to curtail choice, providing a menu serving the producer needs while objectifying consumers. New clothes for the same disdain that leads to mobs. But,.. this is a closing flourish in a delightful speech. Well done!

[@liuzhen2008]

Would be cooler if you guys can start building nation states to challenge the status quo instead too

[@sangeetasharma5435]

One step at a time. Rome wasn't built in a day.

[@liuzhen2008]

@@sangeetasharma5435 They had cool ideas sure, I also believe them. But I find it hard to apply to real world. How do I start avoiding paying taxes? How do we start having alternative medical/teacher/police unions so we break their monopoly? Rome isn't built in a day, of course. But we gotta build something first. Talking about ideas only bring us so far.

[@sangeetasharma5435]

@@liuzhen2008 In fifteenth century Europe, there was serfdom and slavery. Religious authorities reigned supreme. But liberty blossomed and in next 400 years we had freest societies ever. First stage of any movement is development of intellectual base. Second is spreading it to intellectuals who advise the decision makers. Third stage occurs when decision makers allow you to build your own cults and following at big scale. Fourth is when ideas are spread far enough in population that the ruling elites (who already have favourable view of your ideology) can use that following as an instrument and justifications for implementing the ideology. Step 4 requires a relevant political crisis in society. All these steps require a generation's worth of time. Ideology should be sound to sustain itself.

[@liuzhen2008]

Sangeeta Sharma “advise decision makers”. I think separation of church and state is easy because state also would like that to happen. From that aspect, the idea of freedom were aligned with them. But libertarian is literally anti state. I doubt “leaders” would ever listen to us. I feel we should advise powerful business owners to pit them against the state.. like asking jeff bezos etc to form micro states for his workers. That might actually lead to somewhere lol.

[@Lucas-es2bf]

search for "ideias radicais" on youtube

[@jeramfelcordero4613]

Yes I'm sure the markets will fix all our problems any minute now...

[@rwatson4127]

In regards to libertarianism and even minarchism/anarcho-capitalism there is an idea of the 'boycott'. If an individual behaves or acts in such a way as to become undesirable then one idea bounced around for enforcement is the idea that no one would do business with the individual. For example, a coal plant polluting the environment would have difficulty insuring the building, or who would bank the company. Is this not the essence of 'cancel culture'? Are we as libertarians seeing this put into practice?

[@LawrenceTimme]

I preferred the Mafia to the current mob tbh. At least they made great films out of it like the godfather.

[@LawrenceTimme]

@whatajoke333 you do realise that zionist communist is an oxymoron.

[@wetdroidedition2549]

Is there hope? Or USA is done?

[@Pdrum2]

That's what I want to know.

[@ctrlaltdebug]

Arm yourselves. It's not over until we give up.

[@billmelater6470]

The problem is that so few want or are willing to defend free markets. You have the Socialists that hate them becasue a free market means they can't take your stuff or tell you want to do, then you have the people that just go "Oh, free markets allowed the restrictions of markets so clearly we don't want free markets." which is absolutely absurd. That's like saying murder is illegal but there's still murder so therefore we shouldn't make murder illegal. No, you have to fight for it. There will always be someone out there who wants your rights and your stuff. Defining property doesn't mean there won't be theft. Defining the right to life (as a negative right) doesn't mean you won't be killed. What it does is define what is just and what is not. It defines where you should act and where you shouldn't either offensively or defensively. There are times where rights must be fought for physically and with violence not that violence is never an option.

[@VictoriousGardenosaurus]

Too many weak minded people in this country, too manipulatitable(?) cogs in the machine. Turn off, unplug and tune in