Adam Gurri

the way that it's inherited, right?

That should just be between the people in theory if you're just leaving people alone.

Well, they cared because they didn't like the idea of intergenerational wealth.

They thought that that created a static society and they wanted a vibrant commercial society with a lot of mobility, mobility both physically and socially.

So, you know, I think it's this aspect of liberalism that is actually looking at the nature of the society that's created by the particular people

laws um and and uh and rights you know in in the law um that gets underestimated um and that that's that's the part that needs to be emphasized i think that you know sort of the neoliberal um

current of liberalism very much under-emphasized that.

They just said that if, well, to some extent, maybe it's less that they underestimated it, under-emphasized it, is that they were very unrealistic about what you could do with just having free trade and freedom of contract and things like that.

They thought that that would be enough to produce the kind of society that we want.

Whereas I think many liberals throughout the 200, 300 years of liberalism have recognized that there has to be these sort of piecemeal interventions to make sure that things stay on the right track and are actually open.

Yeah.

I mean, I think it's pretty clear that they are distorted.

Um, I mean, just, just looking at Elon Musk in the last year and a half alone, well, or, you know, if you want to go back to when he bought Twitter, um, and now we have, you know, Ellison, um, looking to acquire, you know, WBD and things like that and use and, and, and just using his personal relationship with the president.

Um, so liberalism, liberalism, one of the core pillars of liberalism is the rule of law.

You just can't have any of the other things without it.

And the more you have individuals who have levels of power on par with a cabinet level official in the government, but they're not without the democratic accountability built into that.

the more rule of law breaks down because they're sort of the overmighty subject.

They're too powerful for the law to constrain, both in terms of

the resources they can marshal to defend themselves in court and things like that, or to move around their, their money so they don't get taxed, but also just because they know all the top people at that point.

And they have pull and those people need their backing in order to get power themselves.