00:00Part of the problem is I think our conversation and definitions about what capitalism actually is seems to be rather
00:06skewed.
00:06You know, lots and lots of New Yorkers will say, well, I feel oppressed because of capitalism.
00:10And I think a lot of it is crony capitalism. Crony capitalism is abysmal.
00:14It is the government getting involved with large businesses, corroborating with one another, often creating regulations and restrictions that make
00:21things far, far more difficult.
00:22What I talk about when I talk about capitalism is the voluntary exchange of goods and services.
00:27Right. It's consent. It's a system based on consent. It is moral, but also free.
00:32When governments get involved, which is exactly what's happening across the entirety of this great nation, is people are seeing
00:39this and seeing governments get involved.
00:41And you have enormous amounts of lobbying, enormous amounts of special interests.
00:44Now, someone like Zoran Mamdani, I genuinely do think is well-intentioned.
00:48He's well-intentioned in that he is extraordinarily effective as a communicator, but also is able to cut through to
00:54those people.
00:54So politically, he's extraordinarily successful and still is part of the reason why you won and part of the reason
00:59why he still remains popular.
01:01But the actual solutions that he has proposed to all of these problems that are absolutely real, the problem of
01:07food affordability, he said, well, why don't we just get more government owned shops?
01:11I mean, it's a totally abysmal solution to the actual genuinely very real problem.
01:17If you want things to be cheaper, if you want prices to be lower in every aspect, whether it be
01:23housing or food or any particular good that people want and need and want to consume, you have to increase
01:29the supply.
01:30And the way you do that is increase the incentives to build, increase the incentives to create.
01:34I would probably say that the tariffs have had an enormously damaging impact on food imports.
01:39And therefore, it means that Americans aren't able to access those foods.
01:42I must say, coming from the United Kingdom, one of the things I was really surprised by is how expensive
01:47food is in the United States.
01:49Part of that problem is when you increase those costs, of course, that ends up being passed on to consumers.
01:54OK.
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