Tag Archives: More Freedom Foundation

Why Isn’t Egypt As Rich As Germany? | Muhammad Ali | Avoiding the British Empire 15

History can seem predictable sometimes. We know how it turned out, so we assume that the countries that are powerful today had somewhat predictable paths to power. Sure, there were ups and downs, but the countries we’ve come to expect to have done well, did well. No surprises there. The story of Egypt’s 19th century provides a counterpoint to that complacency. There was a lot about its story that was quite similar to the stories of the Japanese and German world-beaters we are more familiar with. In the 1830s, an African country was, quite successfully, intervening in Europe. If a few things had gone differently, Egypt might have ended up as one of the world’s great powers.

It all went wrong of course. And the British had a lot to do with this. But too some extent, it was also just bad luck. There was nothing to guarantee that Japan or Germany would be successful countries. There wasn’t even anything guaranteeing that the United States would have been as successful an experiment as it has been. It’s all much more up in the air than we might think. This is a little terrifying, but also a little exciting. Today’s video on Egypt talks about what could have been.

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What PragerU Gets Right About The British Empire | Avoiding the British Empire 14

This one was kind of a journey. Attacking PragerU’s dumb mistakes, as I did in the last video, is not a difficult project. Many have done so already. What’s a lot more difficult, is reckoning with the valid points that Prager makes. The British Empire was tremendously influential, and it is responsible for the spread of representative institutions all over the world. Prager is absolutely right about that.
The larger problem is reconciling these two things we know about the British Empire:

A: It left the world some decent institutions and…

B: The British Empire inflicted massive suffering on the world, on a scale that dwarfs anything that came before, and Britain’s poorly managed reign ended with the multi-decade apocalypse we know as the two world wars.

The standard approach is to pick one narrative and run with it. The viewpoint you choose often coincides with the left or right political marketing segment you choose to fall into. What I try to do with today’s video is reconcile the two, which involves diving in and attempting to sort out my own feelings about freedom, history, and life in general. I’m not sure it’s entirely successful. Let me know how you think I did.

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What PragerU Gets Wrong About The British Empire | Avoiding the British Empire 13

The Prager U video on the British Empire has a lot of issues, but I think it also vindicates my decision to deal with the empire as a multi-part series. Today’s video goes through a lot of the assumptions and foolishness in the video, but Prager’s biggest mistake is probably trying to tell this epic, world-altering story in such a short form. There wasn’t much agreement on what the British Empire was, and what it represented at the time, and there isn’t much more now. I’ve now got over a dozen videos that attempt to put forward an argument about the British Empire. Prager’s attempt to sum it all up in just five and a half minutes looks deeply silly by comparison.

This has been one of the most requested videos since I launched the British Empire series last fall. I hope you enjoy it!

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WTF Happened To Oil Prices This Week!?! | Markets Are Dumb 13

Futures Markets are a lot more interesting than you’d think. They are a key piece of financial infrastructure, that helped us build the modern world. If you’re interested, William Cronon’s book, “Nature’s Metropolis” is fascinating on the way that futures markets freed farmers and other economic actors from the tyranny of uncertainty and time. On Monday we got a rare, frightening look at what can happen when a futures market breaks. In this video we lay out why US oil prices fell into the -30s on Monday April 20th.

Despite what much of the business press has told you, this price fall wasn’t just a financial oddity. If certain things don’t happen, these prices risk becoming a monthly occurrence. As the Coronavirus depression proceeds, we are likely to see further examples of financial machinery breaking down. Get a preview by watching today’s video.

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Venezuela Is Not Panama | Venezuela 4

One of the saddest things about running a channel focused on geopolitics is realizing just how little the US government actually knows about the world beyond our borders. It’s not just the Trump administration, this problem is universal. At the beginning of April, the Trumpsters doubled down on their Venezuela policy, taking a number of steps to intimidate the Maduro government. Many critics complained about the timing, questioning whether this was the right moment to use military resources in this way. But as far as I have seen, nobody attacked the ridiculous premise at the center of the new policy.

By indicting Maduro as a drug trafficker in the US, and then initiating military exercises focused on his country, Trump’s Venezuela guy, Elliott Abrams, and the rest are trying to draw a direct parallel with Panama, a country the US invaded successfully in 1989. What’s obvious to anybody with a map, but not to anybody discussing Venezuela policy in Washington DC, is that Panama is a very, very different country from Venezuela. Today’s video lays out the simple facts.

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The TSA Finally Has Something Useful To Do! | Coronavirus 7

If you’re like me, you probably find the Transportation Security Administration deeply irritating. But it’s also an institution whose time may have come. Back in the old days of ship travel, and even into the early decades of air travel, things were not as easy and seamless as they were in 2019. A cursory health examination was once a routine part of any long journey. There’s a distinct chance we may be returning to that era. I’ve certainly been somebody who has chafed at restrictions on travel in the past. Some of you might react to today’s video with indignation. It’s certainly not a very “More Freedom” thing to suggest that somewhat more strict restrictions on travel might be necessary.

But it’s not actually all that unprecedented or strange. A big part of building state capacity in the 19th century was around issues of public health. The modern state was, in part, built around sacrificing liberty in the name of sanitation and disease mitigation. The thing was government was almost too successful at this. People have forgotten how important the public health function was. I am grateful to the Prelinger archives for the clip I used in this video. If you are interested, you can check out the video description on YouTube for a link. It shows just how normal heightened public health procedures were at our ports and airports, not all that long ago…

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No, China Is Not Winning the Pandemic | Coronavirus 6 | Markets Are Dumb 12

In the month since everybody woke up to what a disaster the Coronavirus pandemic is, it’s been interesting watching people use it as an excuse to push the same things they were already pushing. Conservatives, Socialists, Environmentalists and Nationalists, all of them are eager to tell you that this confirms everything they have been saying all along, and proves that their particular policy priorities should be enacted immediately. Some of them may be right. But one of the most important Washington, DC lobbies is looking a little silly right now. The Military Industrial Complex, that monstrosity that gets close to a trillion dollars a year to keep us safe… did nothing to stop the greatest calamity to befall the homeland since the war of 1812.

But this hasn’t stopped them from pretending that they are still relevant after this extraordinary failure. In alliance with a Trump administration that is desperate to find another scapegoat, they are calling for a deepening of the “New Cold War” against China. They seem to believe that China is “winning” the pandemic somehow. China had what looks like a competent public health response after all, and now it’s flying stuff all over the world to help other countries. Well today’s video is here to tell you that that suspicion is ridiculous. China is not winning this thing. In fact, they are likely to end up the biggest losers.

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The 4th Republican Disaster In 20 Years | Coronavirus 5

For most of this channel’s existence I’ve worked to remain fairly non-partisan. I’m generally uninterested in the whole performative, substance-free mess of party politics in the United States. I’ve adopted the understandably popular “pox on both their houses” approach. Obama’s foreign policy left plenty for me to bitch about, and it’s easy to cover Trump as if he’s some unique biblical plague, somehow distinct from the party he leads.

But at a certain point you’ve got to acknowledge facts. The Democrats are an uninspiring bunch of managerial, condescending twerps. But if your expectations are low, they can be trusted to be reasonably honest and competent. 20 years, and four disasters have shown us that the Republican party is filled with dangerous anarchists, and even worse, people who pretend to be principled, but are eager to bow down to the dangerous anarchists in charge. This video chronicles the 9-11, Iraq war, 2008, and Coronavirus disasters and the political party that brought them all to us. It also lays out why no other media outlet will talk about this…

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Donald Trump: The Man Who Killed The World | Coronavirus 4

What a week! Today’s video deals with a troubling aspect of all this that hasn’t really begun to be reckoned with yet. Because of CDC and FDA screw-ups, and Trump’s campaign against acknowledging the disease, we are only now waking up to the fact that the United States probably harbors more cases of Coronavirus than any other country in the world, including China. This has probably been true for weeks, or maybe even a month. What this means is that our country has acted as a super spreader, sending this disease everywhere. We have the medical capacity to (hopefully!) keep this from being too much of a mass death event. Many of the countries we gave this disease to do not have that capacity. While Donald Trump has done the United States incredible damage with his mismanagement of this pandemic, he may have done even more to harm the rest of the world.

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2008 All Over Again? | Coronavirus 1 | Markets Are Dumb 10

I’m not kidding when I say I’ve been agonizing over Coronavirus for months. It’s really quite infuriating how hard it was to get good solid information. China looked terrifying. But all market and government sources in the US seemed pretty relaxed. A couple weeks back only the US government was relaxed, while media was waking up to the shock. It was only two weeks ago that the markets began to reflect what was happening. Now everybody is losing their shit, just as China seems to be recovering. It’s all a mess.

When it comes to history, I usually know as much or more than any journalist I am reading. That’s not the case with diseases and epidemiology. It seemed like everything I read contradicted the last thing I read, making it impossible for me to say anything definitive. Eventually I gave up on talking about the disease. It’s too late to warn folks, we are now at the crisis, which is what today’s video covers. I feel like I’ve kind of let the viewership down. I knew this was coming for a while now, but I’m only now adding to the panic pile with this video. Guess I should bone up on biology for the next plague.

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