It is fashionable for privileged elites to have ideas about the world that make them feel virtuous -- but end up harming the poor. Stay away from such Luxury Beliefs!

Welcome to Episode 46 of Everything is Everything, a weekly podcast hosted by Amit Varma and Ajay Shah.

In this episode, Amit and Ajay discuss how socialism, focusing on inequality, banning victimless crimes and being generally against capitalism can fill you with a sense of your own goodness -- but also end up hurting the poor.

Dive in with an open mind!

Oh, and Amit's newsletter is furiously active again, so do read and subscribe at https://indiauncut.substack.com/

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TABLE OF CONTENTS:
00:00 Packaging
00:13 Introduction: Gazing at My Shoe
05:21 What Are Luxury Beliefs?
07:21 Luxury Belief 1: Socialism
13:19 Luxury Belief 2: Inequality
21:51 Luxury Belief 3: Victimless Crimes
29:07 Luxury Belief 4: Anti-Capitalism
35:00 Luxury Belief 5: Price Controls
37:54 Why Do People Have Luxury Beliefs?
49:34 Amit’s Recco

USEFUL RESOURCES:
1. Amit on Twitter:   / amitvarma  
2. Ajay on Twitter:   / ajay_shah  
3. The Seen and the Unseen -- Amit's audio podcast: https://seenunseen.in/
(Also on all podcast apps. And YouTube, though less than 1% of listens come from here:    / @theseenandtheunseen  )
4. Ajay's organisation, XKDR Forum, on YouTube:    / @xkdr  
5. In Service of the Republic -- Vijay Kelkar and Ajay Shah: https://amzn.eu/d/hwGILb3
6. The Art of Clear Writing -- Amit's writing course: https://indiauncut.com/clear-writing/
7. The India Uncut Newsletter -- Amit's newsletter at https://indiauncut.substack.com/
8. Beware of These Five Fallacies! -- Episode 45 of Everything is Everything:    • Beware of These Five Fallacies! | Epi...  
9. Nowhere Near -- Yo La Tengo:    • Nowhere Near  
10. On Fire -- Galaxie 500: https://open.spotify.com/album/1qhNLX...
11. Lunapark -- Luna: https://open.spotify.com/album/0zMmVW...
12. November Rain -- Guns N' Roses:    • Guns N' Roses - November Rain  
13. Sign of the Times -- Harry Styles:    • Harry Styles - Sign of the Times (Off...  
14. Shallow -- Lady Gaga & Bradley Cooper:    • Lady Gaga, Bradley Cooper - Shallow (...  
15. Troubled: A Memoir of Foster Care, Family, and Social Class -- Rob Henderson: https://amzn.in/d/e05YxXJ
16. Luxury Beliefs are Status Symbols -- Rob Henderson: https://www.robkhenderson.com/p/statu...
17. The Populist Playbook -- Episode 42 of Everything is Everything:    • The Populist Playbook | Episode 42 | ...  
18. The Citizenship Battles — Episode 152 of The Seen and the Unseen (w Srinath Raghavan):    • Ep 152: The Citizenship Battles  
19. Caste, Capitalism and Chandra Bhan Prasad — Episode 296 of The Seen and the Unseen:    • Ep 296: Caste, Capitalism and Chandra...  
20. Enlightenment Now -- Steven Pinker: https://amzn.in/d/afAGu8R
21. India’s Problem is Poverty, Not Inequality -- Amit Varma: https://indiauncut.com/indias-problem...
22. On Inequality -- Harry Frankfurt: https://amzn.in/d/6X8ro5G
23. Laws Against Victimless Crimes Should Be Scrapped (2008) -- Amit Varma: https://indiauncut.com/laws-against-v...
24. Poker and Life -- Episode 38 of Everything is Everything:    • Poker and Life | Episode 38 | Everyth...  
25. Bootleggers and Baptists: The Education of a Regulatory Economist -- Bruce Yandle: https://techliberation.com/wp-content...
26. Raees: An Empty Shell of a Gangster Film — Amit Varma: https://indiauncut.com/raees-an-empty...
27. The Matunga Racket (2007) — Amit Varma: https://indiauncut.com/the-matunga-ra...
28. Why Children Labour (2007) -- Amit Varma: https://indiauncut.com/why-children-l...
29. The Economics of Child Labor -- Kaushik Basu and Pham Hoang Van: https://www.jstor.org/stable/116842
30. Observations on Intenational Labor Standards and Trade -- Alan B Krueger: https://www.nber.org/system/files/wor...
31. Child Labor in the Global Economy -- Eric V Edmonds and Nina Pavcnik: https://www.jstor.org/stable/4134999
32. Price Controls Lead to Shortages and Harm the Poor -- Amit Varma: https://indiauncut.com/price-controls...
33. The Vision Of The Annointed -- Thomas Sowell: https://amzn.in/d/1vHLll4

Produced by Amit Varma
Shot by Vaishnav Vyas and Nomsita MS Haritashya:   / vaishnav.vyas  
Edited by Nomsita MS Haritashya:   / nomsitaharitashya  
Thanks to Gaurav Chintamani for helping with sound:   / gaurav_chintamani  
Chapter images & additional illustrations by Simahina:   / i_am_simahina