yanivsofer.eth

Zohran Mamdani: I listened to the Odd Lots interview. Observations: 1) He confuses Supply and Demand Why is housing expensive? Zohran: Because of billionaires. Demand: Because NYC is the most desirable city in the world. 2) Why is it easy to find fast food but not fresh produce? Zohran: Market failure. Demand: Because people don’t cook anymore. *Consumers want fast food*. And McDonalds found a way to deliver a meal at $5. Capitalism solved the $100 laptop for every child, not government. 3) ‘We don’t want Billionaires’ Billionaires that create wealth have done so by creating enormous value for others. We are all better off for the existence of Elon Musk, Bill Gates, Jeff Bezos and others. Good policy is a world that seeks to create as many Founders as possible to have as many chances for people to create as much wealth as possible to make everyone better off. 4) He replaces private solutions with a political process - *at every turn*. Instead of condemning hate speech, he says he will increase funding 800% for hate speech education. Leadership matters. You cannot outsource morality to a committee. Instead of focusing on the causes of inflation, his answer is to get the government into the razor thin margin business of groceries. Instead of attracting supply and development and capital, his answer is to tax and spend it because his ‘business plan’ is better. 5) The problem with a ‘political process’ is now you are creating committees and takings from one group (not in power) to another (temporarily in power). The people on those committees are unelected and prone to corruption or ideological decision making (‘We know better for you’). Parents are pulling kids out of school because committees make decisions now. Political processes rest on implied coercion. Private processes are voluntary and consensual. Focus on incentives, appropriate regulation where needed, a level playing field, and a culture of accountability not blaming others. 6) Zohran is what you get when you have Federal Student loans subsidize education. He graduated with a 4 year degree in African Studies. (That should be an elective, not a four year degree). I learn philosophy, AI, and pursue hobbies like aging and longevity or history on my own time and dime. I don’t have the right to impose by ‘right’ as an obligation that others must pay for. The Founding Fathers understood that ‘rights’ are compossible and do not impose constraints on others. Live and let live. Make capitalism great again.

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