The Elitists

Our deepest apologies for the delay in getting this show out the door. A lot of factors conspired in this show being a day late (but not a dollar short). And let’s also say this up front: for reasons that will become apparent to you when you listen to it, this is one of the quirkiest Ricochet Podcasts we’ve ever done (and not just because of the occasionally iffy audio). OK, enough of the caveats, let’s talk about the show.

First off, we’re down a host (although he does make a cameo appearance late in the show). Second, one of the hosts is podcasting while driving (you’d think he would have learned a lesson from the last time he attempted this, but apparently not). Our third host is ensconced in small town hotel room with less than ideal internet service and well, we struggle a bit with that too (we don’t do this very often, but you’ll definitely want to listen to the very end of the show if you like hearing Ricochet Podcast bloopers). All that being said, we did manage to put together a very interesting show featuring two guests from opposite sides of the aisle.

First up: columnist, author, and cultural critic (yes, we ask him about that)  Joel Stein. The title of his new book  In Defense of Elitism: Why I’m Better Than You and You Are Better than Someone Who Didn’t Buy This Book certainly got our attention and he’s also a listener, so we wanted to have him. It’s an interesting –but civil!– conversation that points up some fundamental differences in the way liberals and conservatives view the issues of the day. Then, we swing 180 degrees the other direction and have a chat with our old friend, David Limbaugh because the title of his new book also got our attention: Guilty By Reason of Insanity: Why The Democrats Must Not Win. We have a typically, shall we say, enthusiastic chat with David and yes, he schools a certain host on his propensity for all things squishy.

Then, Lileks checks in to award the highly coveted, much sought after Lileks Post of The Week to @garyrobbins We keep losing with Trump. Mazel tov, Gary.

Finally, today is the 30th anniversary of the fall of the Berlin Wall and luckily, we have a host who knows a thing or two about that event. We talk about that day and why it was one of the most important historical moments of the 20th century.

Music from this week’s episode: Crumblin’ Down by John Mellencamp

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There are 117 comments.

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  1. OccupantCDN Coolidge
    OccupantCDN
    @OccupantCDN

    Just out of curiosity last night, I looked up Venezuelan interest rates. Central bank prime rate is currently at 30.67%. Way not zero. 10 years ago they where 20%. The lowest point was a few years back at 15% – all way way not zero.

    A few minutes with a google machine might force you to evaluate some assumptions. The real look of a zero interest rate economy is America in 2007. Interest rates artificially set too low create malinvestment which leads to asset bubbles and eventual crashes.

    • #31
  2. Taras Coolidge
    Taras
    @Taras

    RufusRJones (View Comment):

    The New York Post had a great opinion piece about how much better Bloomberg managed social services compared to De Blasio. It was written by a very idealistic lawyer. She couldn’t believe how good Bloomberg was at actually helping people efficiently and how De Blasio basically just about graft.

    Trump wants zero interest rates because the only way you can keep political power is to manage the bubbles so you can get past the next election. This has been going on for two decades. Nobody can do anything about it. It took me a long time to accept that, but that’s the way it is. There are a few in Congress that care, and know what to do but nothing is going to happen until after the monetary system blows up. Riding Trump about this is ridiculous. Furthermore, which party is talking about MMT and UBI?

    The reason populism and socialism are breaking out is because every single Western government and central bank did every single thing wrong in the face of automation and increasing globalized trade. China never should have been let into the WTO. All of the supra national governance structures or a menace to the average person.

    On the right, if you want to understand the cultural complaints, listen to the interview of Angelo Codivilla by Tom Woods. It’s only 30 minutes.

    I think it’s remarkable that, when Stein was challenged to name something that wasn’t “going well” under Trump, all he could come up with was Trump urging lower interest rates, and Syria, an issue already fading from memory.

    • #32
  3. Henry Castaigne Member
    Henry Castaigne
    @HenryCastaigne

    RebeccaCoffey (View Comment):

    Full Size Tabby (View Comment):

    Speaking of “elite,” my issue with the “elite” (or at least those who consider themselves elite) is the frequent tendency of the “elite” to think they can effectively run other people’s lives.

    My interpretation of the Buckley quote is that the people of the Harvard faculty are likely to think that they know best for everyone else, and will govern by telling everyone what to do. Whereas the people of the telephone book are more likely to recognize their limitations, and therefore “govern” by leaving people alone (even if it means letting people play stupid drinking games). People who advocate for elites (such as Mr. Stein) adopt the elite premise that “to govern” means to tell people what to do. Sure people will say they know more than their doctor about some issue, or yell that they could make a better play decision than a professional sports coach, but almost all of the people who do that will ultimately acknowledge that they really don’t know enough to replace the expert (I agree with @kylez in comment #17 above that there is a difference between experts and elites). The unfortunate tendency among “elites” is that they tend not to recognize the limitations of their own knowledge and wisdom.

    The closing commentary on the fall of the Berlin Wall was in some ways a manifestation of why elites should be humble. As @peterrobinson said, no one saw the fall of The Wall coming, even those who wanted it to happen. Yet elites tend to think that they can predict and even control what people do.

     

    I believe your comment is insightful. In a perfect world Joel Stein and people of his mind set would have an epiphany when confronted with your argument. The truth is, they probably hear and dismiss it regularly

    Because the elites now are so much smarter than the elites back then or the elites in Venezuela. Everything is different now dont’t-cha know. 

    • #33
  4. Eeyore Member
    Eeyore
    @Eeyore

    Peter: “I won’t be here for the 40th…” 

    Skuze me!?

    • #34
  5. Blue Yeti Admin
    Blue Yeti
    @BlueYeti

    Eeyore (View Comment):

    Peter: “I won’t be here for the 40th…”

    Skuze me!?

    He said 60th. 

    • #35
  6. Eeyore Member
    Eeyore
    @Eeyore

    Blue Yeti (View Comment):

    Eeyore (View Comment):

    Peter: “I won’t be here for the 40th…”

    Skuze me!?

    He said 60th.

    Ah, thanks, BY. Bit of a surprise…

    • #36
  7. ToryWarWriter Coolidge
    ToryWarWriter
    @ToryWarWriter

    I think the real problem with the Stein interview was that it was really to short.  Hes not an articulate interviewee and so unlike a lot of the people interviewed in the short segments (usually on air reporters), he is unused to being challenged or summarizes his thoughts, and its quite obvious that Rob and Peter werent really knowledgeable of his work.

    I would prefer to see him interviewed in the long format by someone like Jay Nordlinger or Jon Gabriel who are more professional interviewers than the founders.  Perhaps if @jameslileks had been there the interview would have gone better.

    I know @peterrobinson is also good at the long form interview.  But Steins book needed a bigger format and so we could really understand what he was saying, instead of the short 15 minute interview that we ended up having.  

    • #37
  8. ToryWarWriter Coolidge
    ToryWarWriter
    @ToryWarWriter

    I would love for Stein to be put on the spot by someone asking him about Stephen Harper the very successful PM of Canada, who is a self professed Nationalist and Populist.  

    • #38
  9. Annefy Member
    Annefy
    @Annefy

    Django (View Comment):

    Joel Stein is a babbling fool.

    Always has been. He’s one of the reasons I cancelled my subscription with the LA Times many years ago. 

     

    • #39
  10. Annefy Member
    Annefy
    @Annefy

    Scott Adams and his girlfriend spent an evening reading aloud the chapter that Joel wrote about him. 

    If memory serves, not one thing Joel wrote about Scott was accurate. 

    • #40
  11. Cato Rand Inactive
    Cato Rand
    @CatoRand

    ToryWarWriter (View Comment):

    I think the real problem with the Stein interview was that it was really to short. Hes not an articulate interviewee and so unlike a lot of the people interviewed in the short segments (usually on air reporters), he is unused to being challenged or summarizes his thoughts, and its quite obvious that Rob and Peter werent really knowledgeable of his work.

    I would prefer to see him interviewed in the long format by someone like Jay Nordlinger or Jon Gabriel who are more professional interviewers than the founders. Perhaps if @jameslileks had been there the interview would have gone better.

    I know @peterrobinson is also good at the long form interview. But Steins book needed a bigger format and so we could really understand what he was saying, instead of the short 15 minute interview that we ended up having.

    I think you’re giving him too much credit.  Long or short, you’re going to sound like an idiot if you’re just making up nonsense at random.  More time to cross examine him just would have made it more obvious that he was full of it.  

    • #41
  12. Arahant Member
    Arahant
    @Arahant

    Gary Robbins (View Comment):
    I got off at the wrong exit, I was so startled.

    Imagine how the rest of us reacted. 😉

    • #42
  13. Samuel Block Support
    Samuel Block
    @SamuelBlock

    Arahant (View Comment):

    Gary Robbins (View Comment):
    I got off at the wrong exit, I was so startled.

    Imagine how the rest of us reacted. 😉

    It should probably be added – for any nonmember who happens to make it this far into the comments – that if you want to argue with Gary, or join in him in his mission, you’ll have to join Ricochet. 🤑

    • #43
  14. Samuel Block Support
    Samuel Block
    @SamuelBlock

    Word of the day:

    Very Lileks.

    • #44
  15. Full Size Tabby Member
    Full Size Tabby
    @FullSizeTabby

    So after listening to this podcast this morning (Sunday) on a very early morning bicycle ride, complete with its discussion of a book entitled, “In Defense of Elitism: Why I’m Better Than You and You Are Better than Someone Who Didn’t Buy This Book,” I was amused when I arrived at church for worship that the scripture lesson was Philippians 2:1-5, and the sermon was on serving others with humility modeled after Christ’s, and not thinking of ourselves as more worthy than others.  

    • #45
  16. Taras Coolidge
    Taras
    @Taras

    Arahant (View Comment):

    Gary Robbins (View Comment):
    I got off at the wrong exit, I was so startled.

    Imagine how the rest of us reacted. 😉

    I think Gary got off at the wrong exit a long time ago …

    • #46
  17. Samuel Block Support
    Samuel Block
    @SamuelBlock

    Taras (View Comment):

    Arahant (View Comment):

    Gary Robbins (View Comment):
    I got off at the wrong exit, I was so startled.

    Imagine how the rest of us reacted. 😉

    I think Gary got off at the wrong exit a long time ago …

    Oh snap! It’s on now!

    • #47
  18. kedavis Coolidge
    kedavis
    @kedavis

    Gary Robbins (View Comment):

    kedavis (View Comment):

    Speaking of @garyrobbins, I hope we’re remembering who he predicted would win next November. Amy Klobuchar and Pete Buttigieg, wasn’t it?

    I think that that was who I preferred among leading Dems. Who I prefer from all Dems is Steve Bullock and Michael Bennet

    My recollection is that you predicted they would win the general election next November, not just the Democrat nomination.  Although that seems to be just about as unlikely.

    • #48
  19. Gary Robbins Member
    Gary Robbins
    @GaryRobbins

    Samuel Block (View Comment):

    Arahant (View Comment):

    Gary Robbins (View Comment):
    I got off at the wrong exit, I was so startled.

    Imagine how the rest of us reacted. 😉

    It should probably be added – for any nonmember who happens to make it this far into the comments – that if you want to argue with Gary, or join in him in his mission, you’ll have to join Ricochet. 🤑

    Please join us at Ricochet!

    • #49
  20. Gary Robbins Member
    Gary Robbins
    @GaryRobbins

    kedavis (View Comment):

    Gary Robbins (View Comment):

    kedavis (View Comment):

    Speaking of @garyrobbins, I hope we’re remembering who he predicted would win next November. Amy Klobuchar and Pete Buttigieg, wasn’t it?

    I think that that was who I preferred among leading Dems. Who I prefer from all Dems is Steve Bullock and Michael Bennet

    My recollection is that you predicted they would win the general election next November, not just the Democrat nomination. Although that seems to be just about as unlikely.

    I did have one prediction that looked pretty silly until recently, that there was likelihood of Trump not completing his term of office; i.e. that he would not be President as of January 19, 2021.  There is a non-zero probability of that.   

    • #50
  21. Cato Rand Inactive
    Cato Rand
    @CatoRand

    Gary Robbins (View Comment):

    kedavis (View Comment):

    Gary Robbins (View Comment):

    kedavis (View Comment):

    Speaking of @garyrobbins, I hope we’re remembering who he predicted would win next November. Amy Klobuchar and Pete Buttigieg, wasn’t it?

    I think that that was who I preferred among leading Dems. Who I prefer from all Dems is Steve Bullock and Michael Bennet

    My recollection is that you predicted they would win the general election next November, not just the Democrat nomination. Although that seems to be just about as unlikely.

    I did have one prediction that looked pretty silly until recently, that there was likelihood of Trump not completing his term of office; i.e. that he would not be President as of January 19, 2021. There is a non-zero probability of that.

    Non-zero, but tiny.  He could, for example, die.  He’s not a young man.  But I’d put the odds of that happening above the other thing you’re implying.  

    • #51
  22. kedavis Coolidge
    kedavis
    @kedavis

    Cato Rand (View Comment):

    Gary Robbins (View Comment):

    kedavis (View Comment):

    Gary Robbins (View Comment):

    kedavis (View Comment):

    Speaking of @garyrobbins, I hope we’re remembering who he predicted would win next November. Amy Klobuchar and Pete Buttigieg, wasn’t it?

    I think that that was who I preferred among leading Dems. Who I prefer from all Dems is Steve Bullock and Michael Bennet

    My recollection is that you predicted they would win the general election next November, not just the Democrat nomination. Although that seems to be just about as unlikely.

    I did have one prediction that looked pretty silly until recently, that there was likelihood of Trump not completing his term of office; i.e. that he would not be President as of January 19, 2021. There is a non-zero probability of that.

    Non-zero, but tiny. He could, for example, die. He’s not a young man. But I’d put the odds of that happening above the other thing you’re implying.

    I think he just REALLY wants everyone to forget his prediction that Klobuchar and Buttigieg would be President/VP on/around January 20, 2021.

    • #52
  23. Jdetente Member
    Jdetente
    @

    Annefy (View Comment):

    Scott Adams and his girlfriend spent an evening reading aloud the chapter that Joel wrote about him.

    If memory serves, not one thing Joel wrote about Scott was accurate.

    @annefy

    I missed this but it sounds entertaining. Could you provide a link?

     

     

     

     

    • #53
  24. Annefy Member
    Annefy
    @Annefy

    Jdetente (View Comment):

    Annefy (View Comment):

    Scott Adams and his girlfriend spent an evening reading aloud the chapter that Joel wrote about him.

    If memory serves, not one thing Joel wrote about Scott was accurate.

    @annefy

    I missed this but it sounds entertaining. Could you provide a link?

    It was on one of his periscopes. I’ll scroll through the descriptions and try to find it

    edited to add:

    i haven’t  relistened, but going by the video description, this should be it.

    • #54
  25. kedavis Coolidge
    kedavis
    @kedavis

    Somehow, I always expect Scott Adams to have hair.

    • #55
  26. Samuel Block Support
    Samuel Block
    @SamuelBlock

    kedavis (View Comment):

    Somehow, I always expect Scott Adams to have hair.

    He sounds exactly how I would expect someone with hair to sound. But no. 

    • #56
  27. kylez Member
    kylez
    @kylez

    Eeyore (View Comment):

    Blue Yeti (View Comment):

    Eeyore (View Comment):

    Peter: “I won’t be here for the 40th…”

    Skuze me!?

    He said 60th.

    Ah, thanks, BY. Bit of a surprise…

    Could be though, age 92. 

    • #57
  28. kedavis Coolidge
    kedavis
    @kedavis

    Annefy (View Comment):

    Jdetente (View Comment):

    Annefy (View Comment):

    Scott Adams and his girlfriend spent an evening reading aloud the chapter that Joel wrote about him.

    If memory serves, not one thing Joel wrote about Scott was accurate.

    @annefy

    I missed this but it sounds entertaining. Could you provide a link?

    It was on one of his periscopes. I’ll scroll through the descriptions and try to find it

    edited to add:

    i haven’t relistened, but going by the video description, this should be it.

    The Joel Stein part starts at 37:45.

    • #58
  29. SParker Member
    SParker
    @SParker

    OccupantCDN (View Comment):

    Just out of curiosity last night, I looked up Venezuelan interest rates. Central bank prime rate is currently at 30.67%. Way not zero. 10 years ago they where 20%. The lowest point was a few years back at 15% – all way way not zero.

    A few minutes with a google machine might force you to evaluate some assumptions. The real look of a zero interest rate economy is America in 2007. Interest rates artificially set too low create malinvestment which leads to asset bubbles and eventual crashes.

    Of course, when your currency inflates 53,798,500% since 2016, 30.67% is effectively zero.   Hard to imagine many loans actually being made.

    • #59
  30. Gary Robbins Member
    Gary Robbins
    @GaryRobbins

    kedavis (View Comment):

    Cato Rand (View Comment):

    Gary Robbins (View Comment):

    kedavis (View Comment):

    Gary Robbins (View Comment):

    kedavis (View Comment):

    Speaking of @garyrobbins, I hope we’re remembering who he predicted would win next November. Amy Klobuchar and Pete Buttigieg, wasn’t it?

    I think that that was who I preferred among leading Dems. Who I prefer from all Dems is Steve Bullock and Michael Bennet

    My recollection is that you predicted they would win the general election next November, not just the Democrat nomination. Although that seems to be just about as unlikely.

    I did have one prediction that looked pretty silly until recently, that there was likelihood of Trump not completing his term of office; i.e. that he would not be President as of January 19, 2021. There is a non-zero probability of that.

    Non-zero, but tiny. He could, for example, die. He’s not a young man. But I’d put the odds of that happening above the other thing you’re implying.

    I think he just REALLY wants everyone to forget his prediction that Klobuchar and Buttigieg would be President/VP on/around January 20, 2021.

    Where did I predict that?

    Right now I think that it would be Buttigieg/Klobuchar.  I also think that it is very possible that if Biden wins, he will choose Klobuchar who wipe out Trump, leading Klobuchar to run in 2024.

    • #60
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