Balaji Srinivasan

and Western European system is essentially at the end of the line where you have decades of Keynesianism, Keynesianism.

And can you just give a sentence on what you mean by that?

Sure.

Yes.

Keynesianism is like communism, but for wimps.

Okay.

Communism goes like when the communists want to take 10%.

Is that good?

Right.

That's fantastic.

OK, so let me explain what I mean with that.

Soviet communism, when Lenin wanted to go and steal all the property, he actually, you know, Lenin's hanging order, for example, like kill the kulaks and so on.

They basically had lists of all the farms and so on in the country.

And they would send guys with guns to kick in the door.

They'd rape the wife.

They'd kill the father.

They'd take the son to a gulag.

brutal brutal this is what collectivization meant right for the people right it meant the party would basically steal all this property and a farm by the way is like a factory in the sense of you know how do you actually grow the the beets or the radishes it's like a whole process of how you aerate them and irrigate them and if you all that knowledge went away when you killed the farmer or or stole the farm which is why all these famines resulted it's like a machine that you don't know how to operate

Anyway, point is, in order to do that, they had to actually go physically house to house and shoot people and take their stuff.

OK, to steal 10 percent of the property, they actually had to have physically guys with guns.