Youth Riots in London: The Real Cause They WON’T Tell You About.

Manco 64, home of alternative economics

and contrarian views. Well, today I want

to talk about Britain. There's talk that

Britain has become lawless. Uh there's a

story that uh came out this week

about uh

how teenagers went on a rampage at a

Marks and Spencers or M&S store in in

London in Clappam London. The story came

out uh yesterday in the Telegraph.

office says M&S accuses Sadiq Khan, the

mayor of London uh of being soft on

crime. Retailer urges mayor to pri

prioritize effective policing after

teenagers cause chaos in Clappam store.

So what what's that got to do with

Manako 64, the home of alternative

economics and contrarian views? Well,

the uh rule of law has been something

that uh and and also the respect for

property because if you respect the rule

of law, you respect property, you

respect the individual. That has been

the the basic fundamental reason why

Britain uh did so well in the last few

hundred years. And you might want to

criticize uh the British Empire and

whatever else but uh one thing that

Britain spread around the world was uh

organizing uh the rule of law, private

property and it's one of the reasons

Britain was so successful and it is the

same principle and fundamental that led

to the success of the United States.

Don't forget the United States of

America uh well for all intents and

purposes is a der derivative of Britain.

uh they were the original 13 colonies

and uh yes they they felt uh hard done

by by King George III and they revolted

uh and uh the reason I'm speaking about

this what's it got to do with teenagers?

Well, I think uh

I if we uh get a quote from uh Frederick

Bastia, French economist and philosopher

and politician actually from the 18 uh

mid 1800s in France. He said the

following. When plunder becomes a way of

life for a group of men in a society

over the course of time, they create for

themselves a legal system that

authorizes it and a moral code that

glorifies it. So I've recommended the

law uh this uh book by Frederick Basia

many times. How did I learn about the

law? Well, it was back uh about 2000

2002 or two 2003 when I started looking

into the Austrian school of economics.

Um Austrian school of economics uh is

kind of the opposite of what we have

now. The Keynesian um Keynesian state,

right? uh big government, uh central

banking, fiat currency,

uh not just socialism and and welfare,

but also subsidies

uh for big corporations.

Um, the Austrian school

espouses the opposite of that. Pretty

much what Frederick Bastia espoused. Uh,

and that is a a a small state that is uh

in charge of um really

administering the rule of law and making

sure that individuals

and their property uh are protected.

Because I I if the state starts

infringing

on the individual and and property,

well, it turns into a legal plunder

system.

And uh I would say unfortunately that

Britain was the bullwark of this

yeah of a system that worked really well

for a few hundred years, but in the last

75 50 years, it's all gone downhill. And

unfortunately, it's a bad sign for the

whole of the West because Britain led

the way and way up and now it's leading

on the way down. So,

so what I'm trying to say is these

teenagers uh or be whoever they are who

are uh ransacking shops

uh I'm not saying they're doing the

right thing, but

they can sense there's something wrong

that our elites have been robbing

everyone blind through taxation, through

inflation, through regulations. ations

and they have no hope. So they resort to

plundering as well. Uh our elites are

leading by example. Uh and uh I don't

see uh any other way out uh from this

than through uh trying to educate the

public and and tell them about such

concepts uh the philosophy of the rule

of law. So that's why today uh we're

going to go through

um

what uh Frederick uh Bastia says about

the law, right? And also legal plunder.

Um so this is on page 16. The law

defends plunder. Well, that's not good,

is it? because it's supposed to uh

protect the individual against plunder.

So he says but it does not always uh do

this. Sometimes the law defends plunder

and participates in it. Thus the

beneficiaries are spared the shame,

danger and scruple which their acts

would otherwise involve.

Sometimes the law places the whole

apparatus of judges, police, prisons and

jearms at the service of the plunderers

and treats the victim when he defends

himself as a criminal. In short, there

is a legal plunder.

And it is of this no doubt that Mr. The

Montal Monta Lomb speaks, "This legal

plunder may be only an isolated stain

among the legislative measures of the

people. If so, it is best to wipe it out

with a minimum of speeches and

denunciations

and in spite of the uproar of the vested

interests.

So let's go through how toident identify

uh legal plunder. Uh but how is this

legal plunder to be identified? Quite

simply see if the law takes from some

persons what belongs to them and gives

it to other persons to whom it does not

belong. see if the law benefits one

citizen at the expense of another by

doing what the citizen himself cannot do

without committing a crime.

Then abolish this law without delay for

for it is not only an evil itself but

also it is a fertile source for further

evils because it invites reprisals.

If such a law which may be an isolated

case is not abolished immediately it

will spread multiply and develop into a

system

and unfortunately that's what the

Keynesian system is the welfare warfare

corporate state it it's just gone on and

on and on and it's one of the reasons

why I talk a lot about sound money gold

and silver because when you have sound

money gold and silver and you have no

central bank, it's a lot harder for the

state to commit legal plunder. And it's

one of the things that um Alan Greenspan

wrote in his essay in 1966

about uh gold and economic freedom.

So let's continue. It says the person

who profits from this law will complain

bitterly defending his acquired rights

entitlements, right?

uh he will claim that the state is

obligated to protect and encourage his

particular industry that this procedure

enriches the state because the protected

industry is thus able to spend more and

to pay higher wages to the poor poor

working man.

Do not listen to this sophistry by

vested interest. The acceptance of these

arguments will build legal plunder into

a whole system. In fact, in fact, this

has already occurred. The present uh day

delusion is an attempt to enrich

everyone at the expense of everyone else

to make plunder universal under the

pretense of organizing it.

So yeah, when our leaders who are

supposed to protect the public against

crimes, against plunder, when they're

the ones who are doing the the plunder

and the crime, uh, is it any wonder that

we get lawless Britain? Let's continue.

Legal plunder has many names.

Now legal plunder can be committed in an

infinite number of ways. Thus we have an

infinite number of plans for organizing

it. Tariffs, there you go. protection,

benefits, subsidies, encouragements,

progressive taxation, public schools,

guaranteed jobs, guaranteed profits,

minimum wages, a right to relief, a

right to the tools of labor, free