Jan. 13, 2025 - Freedomain Radio - Stefan Molyneux
06:37
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| Time | Text |
|---|---|
| Do you care about the fires in California? | |
| I mean, really, one of the greatest catastrophes in American history as far as wealth and ownership goes. | |
| Yeah, do you care? | |
| I mean, people are just reaping the rewards of being willfully ignorant. | |
| I mean, it's funny because a lot of people sold their souls to get wealth and power, bought houses in California, and the devil took them all. | |
| Fires are sad for the people who live there. | |
| Well, here's the thing, too. | |
| So in California, I think it was in 1988, in California, they voted in a law that said that insurance companies couldn't raise their rates without government permission. | |
| Why? | |
| Because the government didn't want the rates to go up because insurance rates rising is bad for the government because it indicates It indicates mismanagement on the part of the government because the government has no skin in the game, right? | |
| FUMU, fuck up, move up. | |
| Like, you just get promoted. | |
| At least in the private industry, it's something called the Peter Principle, which is somebody who's always promoted one step above their actual competence. | |
| They're always voted in, like, one step. | |
| Thanks, Matt. | |
| They're always voted in one step above. | |
| So the junior programmer becomes a senior programmer. | |
| Becomes a project lead, becomes a manager, and then they're bad at being a manager. | |
| But then it's hard to demote them. | |
| But then they don't go beyond manager because they're bad at being a manager. | |
| So people get promoted one layer above their actual competence, and then they just kind of sit there doing damage, right? | |
| And this is why a lot of people end up getting fired, because they go one step beyond their competence. | |
| So that's called the Peter Principle in the army, in government, and so on. | |
| And Kash Patel goes into this in his book, Government Gangsters. | |
| FUMU, fuck up, move up. | |
| If you really screw something up, you will be promoted because nobody wants to admit their mistakes and admit their faults. | |
| And the people who screw up, who have no shame about it, end up blaming everyone else and pretending they didn't screw up and everyone else betrayed them and then they get very aggressive and people just promote them to get them out of their way. | |
| Also, a lot of people get promoted and moved into obscure positions so they can't do any damage to the actual... | |
| Productivity of the organization in one form or another. | |
| So the Californians and the government, the Californians wanted something for nothing, which is don't make my insurance rates go up. | |
| And the government wanted something for nothing, which was votes by just banning insurance companies from insurance. | |
| So the insurance companies in California, they're only allowed to use these old tables. | |
| They can't adapt to new circumstances, new conditions. | |
| And so, you know, they want to hide rising crime from the population, and so one of the things that would happen with rising crime is insurance goes up. | |
| They want to hide arsonists, right? | |
| I did this whole presentation on the destruction of America's mental health care institutions, which you can find at fdrpodcast.com. | |
| If somebody could dig up the number, I can read it off. | |
| Thank you. | |
| And so they turned a lot of people loose from the asylums, and of course they turned a lot of people loose from the prisons. | |
| And that's bad. | |
| Bad for society. | |
| It's a destabilization. | |
| Basically, it's people who had abused childhoods who got left behind do the crimes, and other people who had abused childhoods and got left behind release the prisoners into the population as vengeance. | |
| For more on this, you can check out my presentation on the French Revolution at premium.freedomain.com. | |
| So the government wanted to hide incompetence in the crime rates. | |
| And people wanted free or cheap insurance, so they banned insurance companies from being able to raise their rates. | |
| And they needed to raise their rates because government incompetence was massive. | |
| No control burns, not enough water, storage, and factors other than pure meritocracy in the fire department and in the management of all of this sort of stuff. | |
| In other words, Hi, and I mentioned this before on the show, incredibly highly complex systems founded on a ruthless meritocracy cannot survive anything else. | |
| A system that is rooted on a ruthless meritocracy cannot survive any other methodology for promotion. | |
| So, in 1988, it became pretty much impossible for insurance companies to raise their rates in any sensible, reactive fashion. | |
| So, what happened was insurance companies just stopped insuring people. | |
| Can't make money at it. | |
| It's way too risky. | |
| They can do the math. | |
| They've got skin in the game. | |
| The government doesn't, and the people don't, at least in the short run. | |
| So what's happened, of course, is a lot of people's houses are burned to the ground, and they're not even insured. | |
| And then what's going to happen is people are going to try and rebuild. | |
| They're going to try and rebuild. | |
| I mean, still some of the best real estate on the planet, right? | |
| So, I shouldn't laugh, but this is the consequence of people's greed, corruption, and delusion. | |
| So, let me ask you. | |
| What is going to happen when people try to rebuild in California? | |
| What is going to happen when they try to rebuild in California? | |
| They are going to run into the endless thorny bottomless hellhole of permits. | |
| Regulations, licenses, and begging indifferent bureaucrats for permission. | |
| And, given that everyone's going to try and rebuild at the same time, the delays are going to be massive. | |
| Five to ten years easy to get permission to rebuild. | |
| Now, you may know, you may not know, that five or six years ago, Now, I do love this. |
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