Martha is an economist with the Center of the American Experiment in Minneapolis, and she did a video a few months ago for PragerU about growing up in Malawi and how very different her life was there versus since she came to America for school then work.
I saw the video right as I was first starting with my now routine message about how manufacturers have to stop apologizing for what we do. Martha's even more fundamental message about how much we take for granted and how different people's circumstances are based on economic systems and basic freedoms really struck a nerve with me. So I invited her to deliver that message here on my show as well.
Here are the highlights.
Chapters:
00:00 - introduction
02:00 - Martha's childhood in Malawi
03:45 - her initial plan to go back home and work for the government
06:00 - why freedom and prosperity go hand in hand
08:45 - why blaming businesses for inequality is wrong
12:20 - how Malawi had less inequality - because almost everybody was poor
16:00 - the economics of plenty - Adam Smith's passage about self-interest
17:35 - the differences between starting a business in Malawi versus the US
20:50 - the differences that property rights bring
24:00 - service provision: private sector versus government
26:00 - Martha's current work in Minnesota
This one is so important. Too many people in the Western world have bought into the falsehoods about the evils of capitalism and the wonders of collectivism. Martha brings not theories, but real-world distinctions between the two systems and her own experiences living under each. Her message is a powerful one.
Tune in and take in the whole thing.
New Heights with Jason & Travis Kelce
Football’s funniest family duo — Jason Kelce of the Philadelphia Eagles and Travis Kelce of the Kansas City Chiefs — team up to provide next-level access to life in the league as it unfolds. The two brothers and Super Bowl champions drop weekly insights about the weekly slate of games and share their INSIDE perspectives on trending NFL news and sports headlines. They also endlessly rag on each other as brothers do, chat the latest in pop culture and welcome some very popular and well-known friends to chat with them. Check out new episodes every Wednesday. Follow New Heights on the Wondery App, YouTube or wherever you get your podcasts. You can listen to new episodes early and ad-free, and get exclusive content on Wondery+. Join Wondery+ in the Wondery App, Apple Podcasts or Spotify. And join our new membership for a unique fan experience by going to the New Heights YouTube channel now!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.