Working political asks. The other when i was innocent and it was bed you know much worse objectively than today but there was an expectation it was bed you know much worse objectively than today but there was an expectation that things were going to get better. There was a real sense of hopefulness the things were going to get better. There was a real sense of hopefulness there isnt today. There isnt today. Inequality is really unprecedented. Inequality is really unprecedented im if you look at total inequality its like the worst periods of American History. Im if you look at total inequality its like the worst periods of American History. But if youre a find it more closely inequality comes from the extreme but if youre find it more closely inequality comes from the extreme wealth in a tiny sector of the population fraction of one percent wealth in a tiny sector of the population fraction of one percent. There were periods like. There were periods like the gilded age in the twentys and the early ninetys and so on when a situation will battle today age and the twentys the early ninetys and so on when a situation developed by the similar to this. Of this period 6 tree because if you look similar to this. Now this period 6 tree because if you look at the good there with Wealth Distribution inequality mostly comes trust reviews inequality mostly comes from super wealth. Super well. Literally the cup 110th of a percent are just super wealthy. Literally the cup 110th of a percent are just super wealthy. Not only is it extremely unjust in itself. In it. Not only is it extremely unjust in itself. Inequality has highly negative consequences on the so it is awful. Because the very fact of inequality has a corrosive harmful quality as highly negative consequences on the so it is awful. Because the very fact of inequality has a corrosive harmful effect fair to some person. If you open open to talking by talk about the about the American Dream or can 3 be. Part of the American Dream is close mean deluded it will encourage you work or you get part of the American Dream is close mean deluded it will encourage you work or you get rich it was. A civil for a worker to get a decent job by a ridge it was possible for a worker to get a decent job i. Get a core of children go to school. Get a core of children go to school. To a collapse talk apps. Imagine yourself in an outside position. Imagine yourself in an outside position looking for mars. What do you see. Looking for mars. What do you see. In the United States or. In the United States where there are professed for like democracy. There are professed for like democracy. In a democracy. Of Public Opinion is going to describe some have some influence on fluid also something up. And then and theyre going to determine who carries out actions determined by the population and thats what democracy carries out actions determined by the population and thats what democracy means. I mean. Its important to understand and that privilege that the power of our fulfill says ekta characters. Have never liked democracy and for very good reason. Democracy never like democracy and for very good reason. Democracy puts power into the hands of the general population and takes it away from them puts power into the hands of the general population and takes it away from them. And its kind of the principle of concentration of. Its kind of principle of concentration of wealth and power. Wealth and power. Concentration of wealth yields concentration of power. Concentration of wealth yields concentration of power particularly so as the cost of elections skyrockets particularly so as the cost of elections skyrockets which kind of forces the Political Parties into the pockets of major court which kind of forces the Political Parties into the pockets of major corporations. And this political power quickly translates spiration. And this political power quickly translates into legislation. That increases the concentration of wealth so it into legislation that increases the concentration of wealth so fiscal policy like tax policy deregulation fiscal policy like tax policy deregulation. Rules of Corporate Governance a whole variety of measures. Rules of Corporate Governance a whole variety of measures political measures designed to increase the concentration of wilburs political measures designed to increase the concentration of wealth and power which in turn to yield more political power do the same thing in power which in turn now to yield more political power to do the same thing. And thats what weve been seeing. And thats what weve been seeing. So we have this kind of vicious cycle and. So we have this kind of vicious cycle in progress. Progress. You know as such a total discrete odisha trial but it sure that it was just bad by that adams was just with growth bad by adam smith and in 17 step in and he said times you can read fail him he says wealth of negligence and greed famous wealth of nations. He says hes in his in an england glow and the principal architects of policy are the people on the society in his day the principal architects of policy by the people on the society in his day merchants and manufacturers. And they make sure that theyre ok on incursions and manufacturers. And they make sure that their own interests are very well cared for however grievous the embassies are very well cared for however grievous the impact on the people of england there are others. Around the people of england there are others. Now its not a merger of manufacturers its Financial Institution multinational now its not a merger of manufacturers its Financial Institution multiNational Corporations the people who adam smith told the National Corporations the people who adam smith told the masters of mankind and theyre following the violent acts in over 50 years of mankind and theyre following the vile maxim over our selves and nothing for anyone else. Or selves and nothing for anyone else. Theyre just going to pursue policies that benefit them and harm everyone else. Theyre just going to pursue policies that benefit them and harm everyone else. And in the absence of a general popular reaction thats pretty and in the absence of a general popular reaction thats pretty much what youd expect. A measure youd expect. Right through American History theres been. Right through American History theres been an ongoing clash between. Pressure for more going clash between. Pressure for more freedom and democracy coming from below and efforts at freedom and democracy coming from below and efforts that elite control and domination coming from above. Elite control and domination coming from above. Could. Be the founding of the good kind of center back to the founding of the country. James madison the frank. James madison the main framer who was as much of a believer in democracy is anybody in the world that i am or who was as much of a believer in democracy is anybody in the world that they nevertheless felt that the United States system should be designed and if they nevertheless felt that the United States system should be designed and indeed was his initiative was designed and he says the power should be in with his initiative was designed so the hoops that power should be in and he can serve the wealth of the earth there are more responsible with a set of healthy. Because the wealthier the more responsible set of men and therefore the structure of the formal constitutional system in and therefore the structure of the formal constitutional system placed most power in the hands of the senate or the senate was not elected in the placed most power in the hands of the senate or the senate was not elected in those days it was selected from the wealthy men as madison put it head was dazed it was select from the wealthy men as madison put it had sympathy for Property Owners in their right. Sympathy for Property Owners in their right. If you read the debates at the constitutional convention. You read the debates at the constitutional convention. Madison the major concern of the society has to be to protect the minority badasses is the major concern of the society it has to be to protect the minority of the opulent against the majority. Of the opulent against the majority. And here argument suppose everyone had to vote freely. And here argument goes everyone had to vote freely and say well the majority of the poor get together and they would organize to take away the property that it will them and dirty and he said that what were used to be and get just a good character and they would organize to take away the property of the rich and he said that would obviously be unjust so you cant have that so therefore the constitutional system has to be set up kept intervent the internet and so therefore the constitutional system has to be set up to prevent democracy. Which is of some interest that this debate has which is of some interest that this debate has a hari tradition goes back to the 1st major book on political systems and her style zahari tradition goes back to the 1st major book on political systems aristotles politics. He says of all of them the best old politics. He says of all of them the best. Is democracy at any point out exactly the flaws that medicine is democracy at any point out exactly the flaws that madison pointed out. If athens werent pointed out. If athens were a democracy for free men the poor would get together and take away the property the rich democracy for free men the poor would get together and take away the property the rich. Well same dilemma they had opposite solutions. Well the same dilemma they had opposite solutions aristotle proposed what we would nowadays call a welfare state he said try to reduce it aristotle proposed what we would nowadays call a welfare state and try to reduce inequality. Equality. So same problem absent solutions one is reduce it so same problem absent solutions one is reduce inequality will have this problem and the other is reduced democracy and equality will have this problem and the other is reduced democracy. If you look at the history of the United States its a constant struggle between these 2 tendencies democratising tendency thats mostly coming from the population. If you look at the history of the United States its a constant struggle between these 2 tendencies democratizing tendency thats mostly coming from the population pressure from below and you get this constant battle going on periods or pressure from below and you get this constant battle going on here. Gratian periods of progress in 1906 for example were a period ration theories of progress in 1906 for example were a period of significant democratization. Of significant democratization. Sectors and i think elation that were usually. Sectors i think elation that were usually passive and episodic and became organized acted as if an episode of say became organizer that acted story Chris Christie theyre the missing their demand. And. And they became more and more involved in Decision Making and they became more and more involved in Decision Making and activism and so on. They just changed consciousness and his image and so on. He just changed consciousness and. d minority rights. Freedom. d minority rights. Freedom why are. Why dont why are. One of the. Women 3. 1 of the. Women traits to commence this patient will. Pick the men this patient will see. If we force it to say. Yes in terms of the if we force it to say. Yes in terms of the you think that america is. Nice but why do you think that america is. Nice boring of my own safety nets survival of the creation scoring of my own safety nets survival position creation through to those who criticize us on the militancy upon descent they are serious about turning to those who criticize us on the militancy upon descent they are serious about lawn on a bridge provided in the vietnamese people for our own black people on the lawn on a bridge provided the vietnamese people are our own black people in power are looking for. Work for. And turn for other people one day we must ask a question one day we must ask a question on a 1000000 poor people in america when you begin. To 1000000 poor people in america when you begin. To raise an impressive amount of the Economic System our broad addition. To raise an impressive amount of the Economic System our broader distribution of wealth the question of restructuring. The interview should around the question of restructuring. In society these are all civilized. Society these are all civilized and. Could. Greed fear. Greed fear. To spit the power of a should but it didnt then to speak to the power of should but it didnt then to speak the power of the reaction to the civilizing effects of the sixtys power of the reaction to the civilizing effects of the 60s did not anticipate the strength to flee reaction to it did not anticipate the strength to flee reaction to it. The people who are parting the money dont rely on taxes. The people who are parting the money dont rely on taxes to get wealthy theyre not part of a real economy thats it thats the same thing as saying that rulers of the get wealthy theyre not part of a real economy thats it thats the same thing as saying the rulers of saudi arabia rely on the wages of the People Living in saudi arabia to get saudi arabia rely on the wages of the People Living in saudi arabia to get rich they they dont they. Just print more or pump more oil rich they they dont they just print more or pump more oil in the america the princes that run our economy just print more money they dont need the workers in america the princes that run our economy just print more money they dont need the workers they dont need their taxes thats why they dont have wage growth thats why theres been a they dont need their taxes thats why they dont have wage growth thats why theres been this aeration because theyre unneeded. And thats restoration because theyre unneeded. Cooked additional supposed to know what was against the cooling system eats. Cooked additional supposed to know what it was and thats what the cooling system its just a. Little thing its not. Just the. Usual condition. C m do you. See him do you see my future notional closely. Linked with a showing at the scene in the movie to notional. Look with a showing at the ship is going to win the chit. He think im sure hes going to win the chit. He think im sure. You know youre going to. Come up shipping. You know youre going to. Come up shipping. You up and most of the book is the work of the books and you will still be up and most of the book bid for the books and you will still you know i dont know what the movie. Was you know i dont know what the movie. It was the latest news in the protests. And. Was the latest news in the protests. But arsenal boys and im all right so you have put. The russian boys in the right so you have put this was going to some. Literature students are in the store yeah this was going to some. Literature students are in the store yeah hopefully it doesnt. It does is. Imaginary. Imagine being a 635 and you have a what a career and a career involves using your arsenal in your computer and things like that in an office 635 and you have a what a career and a career involves using your i phone in your computer and things like that in an office and perhaps she sort of getting headaches is circular. You could have just and perhaps she sort of getting headaches is circular. You could have to stop doing all this and this is tell you lou the minutes before i stop doing all this i mean this is telling you lou the minutes must be for. My world became smaller and smaller and smaller until i ended up winning it and my world became smaller and smaller and smaller until i ended up winning it in a box. Or out at a very strong Magnetic Field on a car ox. Or out at a very strong Magnetic Field on a car held in my head. Think of it like a real hard pressure my skin burn held in my head. Think of it like a real hard pressure my skin burned and that Wireless Access Point there just continued and that Wireless Access Point there just continues on saying with our students in the schools. We are just continue on saying with our students in the schools. We are just continually bathing our citizens in this microwave radiation it is certainly when you really are citizens in this microwave radiation it is certainly electro small and its getting worse. Electoral small and its getting worse. Is your media a reflection of reality. Is youll be dia a reflection of reality. In a world transformed. What will make you feel safe in a world transformed. What will make you feel safe. Isolation for community for. Isolation for community. Are you going the right way or are you being legs. Are you going the right way or are you being led so. Direct. What is true. Direct. What is true what is faith. Whats in this thread if you know what. Did. You in the world corrupted you need to this and not need to this that. Could join you know to join us in this depth in the death. Or maybe or in the shrimp out even less wish lispers. There has been under enormous concentrated. There has been an enormous concentrated coordinated business offensive beginning in the seventys to try to beat back the egalitarian efforts that went right through the nixon years and use ordinated business offensive beginning in the seventys to try to beat back the gallant tarion efforts that went right through the nixon years and you see it in many respects and over on the right you see it in things like the field in many respects and over on the right you see it in things like the famous pell memorandum. Sent to the chamber famous pell memorandum. Sent to the chamber of commerce Major Business lobby but Later Supreme CourtJustice Powell of commerce Major Business lobby but Later Supreme CourtJustice Powell warning that business is losing control over the Society Warning that business is losing control over the society. And something has to be done to counter these forces. And something has to be done to counter these forces course we put it in terms of the defense defending ourselves against outside course we put it in terms of the defense defending ourselves against outside powers. Our. If you look at it its a call for business to use its control over resources to carry out a major offensive to beat back this democratizing wave. If you look at it its a call for business to use its control over resources to carry out a major offensive to beat back this democratizing wave. Over on the liberal side isnt exactly similar to the 1st over on the liberal side isnt exactly similar to the 1st. Major report of the trial Lateral Commission is a major report of the trial Lateral Commission is concerned with this. Called the crisis of democracy. Concerned with this. Called the crisis of democracy. TriLateral Commission is liberal internationalists in their flavors in triLateral Commission is liberal internationalists in their flavors indicated by the fact that they pretty much staff the carter administration. And catered by the fact that they pretty much staff the carter administration. And they were also told that the matter. And they were also told that democratizing tendencies of the sixtys and so we have to react to it. Because in tendency to city sixtys and so we have to react to it. They were concerned that there was an excess of democracy developing they were concerned that there was an excess of democracy developing. Previously passive. Previously passive and obedient marginal population or sometimes called the specialists and obedient archon population or sometimes called the special interests who were beginning to organize and try to enter the political arena and these interests were being. Winning to organize and try to enter the political arena and they said that imposes too much pressure on the state cant deal with all these pressures that imposes too much pressure on the state cant deal with all these pressures so therefore they have to return to passivity and become deeps so therefore they have to return to passivity and become the politicised. And they were particularly concerned with what was happening to young people it is us. And they were particularly concerned with what was happening to young people young people get into free and independent. People and young people get into free and independent. Is always a. Its always a put it theres a failure on the part of the schools the universities churches put it theres a failure on the part of the schools the universities churches the institutions responsible for the indoctrination of the young of the institutions responsible for the indoctrination of the young there for it is not mine. Or phrase not mine. If you look at their study theres one interest they never mention. If you look at their study theres one interesting never mention private business and that makes sense theyre not special interest theyre the National Interest private business and that makes sense theyre not special interest theyre the National Interest kind of by definition so theyre ok theyre allowed to you know flub is kind of by definition so theyre ok theyre allowed to you know flub is said by Campaign Staff if the executive make decisions thats fine. But i can. Pain steph the executive make decisions thats fine but its the rest the special interests the general population who have to be subdued but its the rest the special interests the general population who have to be subdued. When thats the specter its the. One thats the specter its the kind of ideological level of the backlash but the major backlash kind of ideological level of the backlash but the major backlash which was unparalleled this. Was just redesigning the economy which was unparalleled this. Was just redesigning the economy. Since the 19. Since the 1970 is theres been a concerted effort on the part of the masters of mankind and it is theres been a concerted effort on the part of the masters of mankind the owners of the society to shift the economy in 2 crucial and the owners of the society to shift the economy in 2 crucial respects one to increase the role of final respects one to increase the role of Financial Institutions banks investment firms and so National Institutions banks investment firms and so on insurance companies. By 20071 insurance companies. But a 2007 break before the latest crash they read it literally or the 40 lady present is head of crore for pressure after they had literally 40 percent of corporate profits. Far beyond anything in the pats. Far beyond anything in the past. Back in the ninetys. Back in the 1950. Is this for many years before the United States economy was based largely on the fiftys this for many years before the United States economy was based largely on production. In the United States the great Manufacturing Center the direction. Of the United States the great Manufacturing Center of the world. The world. Financial institutions used to be a. Financial institution is used to be a relatively small part of the economy and their task was to distribute a relatively small part of the economy and their task was to distribute unused assets likes bank savings to productive activity and used assets likes bank savings to productive activity in a bank always had on hand a reserve of money. Holders and a bit in the bank always had on hand a reserve money. Holders and the monitor on the back of the cash reserve a bank can create granite on her on the back of the cash reserve a bank can create granite call behind providing an. Auditing money on banks serve the Community Call behind providing an. Auditing money on banks serve the community by making the National Credit available for many purposes for a manufacturer to meet and by making the National Credit available for many purposes for a manufacturer to meet and payroll during my coming period to unlock and remodel his car and they are all during my coming period to unlock and remodel his car and my money on a good reason why people are always needing more credit and they have a me and my money on a good reason why people are always needing more credit and they have immediately. Thats a country and. The economy i mean that country real. Economy. Regulatory system was established banks were regulated a commercial regulatory system was established banks were regulated the commercial investment banks were separated cut back for risk in this practice until investment banks were separated cut back very risky investment practices the good arm private people. There had been remember no sleep good arm private people. There had been remember no financial crashes during the period of regulation by the 1000 financial crash it was during the period of regulation by the 1970 s. That changed. Seventys that changed. He started getting that huge increase in the flows of speculative cap he started getting that huge increase in the flows of speculative capital just esther comically increased an enormous changes in the Financial Sector itll just astronomically increase an enormous changes in the Financial Sector from traditional banks to risky investments. Complex from traditional banks to risky investments. Complex Financial Instruments money manipulations and so on increasing Financial Instruments money manipulations and so on increasingly the business of the country isnt production at least not here really the business of the country isnt production at least not here. The primary business here is business. The primary business here is business. You can even see it in the choice of directors so the director of a you can even see it in the choice of directors so the director of a Major American Corporation back in the fiftys in the sixtys was very likely to be an engineer Major American Corporation back in the fiftys and sixtys was very likely to be an engineer because somebody who graduated from a place like mit maybe Industrial Management or somebody who graduated from a place like mit maybe Industrial Management more recently the directorship in the top managerial positions or put more recently the directorship in the top managerial positions are people who came out of Business Schools learned financial trickery of various kinds and so people who came out of Business Schools learned financial trickery of various kinds and so on. By the 1970 s. Say General Electric. By the 1970 s. Say General Electric can make more profit playing games with money than you could by producing in a more profit playing games with money than you could by producing in the United States. The United States. You have to remember that General Electric is substantially a Financial Institution today remember that General Electric is substantially a Financial Institution today it makes half its profits just by moving money around and complicated ways it makes half its profits just by moving money around and complicated ways and its very unclear that theyre doing anything thats of value to the economy. And its very unclear that theyre doing anything thats of value to the economy. So thats one phenomena lets go financial ization of the economy. So thats one phenomena lets go financial ization of the economy. Going along with that is the oh sure. Going along with that is the oh sure and production. Production. Trade system was reka. The trade system was reconstructed with a very explicit design of putting constructed was a very explicit design of putting working people in competition with one another all over the world. Working people in competition with one another all over the world. And what its led to is a reduction in the share of in and what its led to is a reduction in the share of income on the part of working people. Its been particularly striking to come on the part of working people. Its been particularly striking in the United States but happening worldwide it means that an American Workers in company in the United States but happening worldwide it means that an American Workers in competition with a super exploited worker in china. Titian with a super exploited worker in china. Meanwhile highly paid professionals are protected. Meanwhile highly paid professionals are protected they are not placed in competition with the rest of the world far from it and if they are not placed in competition with the rest of the world far from it and of course a capitalist free to move a workers are free to move labor can move course capital is free to move workers are free to move labor can move but capital can well again going back to the classics like adams but chattel can well again going back to the classics like adam smith as he pointed out free circulation of labor is the myth as he pointed out free circulation of labor is the foundation of any free trade system but workers are pretty much a foundation of any free trade system but workers are pretty much stuck the wealthy in the privileged are protected so you get obvious stuck the wealthy and the privileged are protected so you get obvious consequences and theyre recognized and in fact praised. As consequences and theyre recognized and in fact praised. Policy is designed to increase in security. Policy is designed to increase in security. Alan greenspan when he testified to congress he expects Alan Greenspan when he testified to congress he explained his success in running the economy as based on what he called in his success in running the economy as based on what he called greater worker insecurity. A typical responsible creator worker insecurity. A typical restraint on come. Sation increases has been evident for a few years but as i outlined on compensation increases has been evident for a few years but as i outlined in some detail in testimony last month i believe that job insecurity in some detail in testimony last month i believe that job insecurity has played the dominant role workers in secured are going to be under control has played the dominant role workers and secured are going to be under control. Theyre not going to ask for say a decent wage role. Theyre not going to ask for say decent wages were a decent working conditions or the opportunity to free a system were a decent working conditions or the opportunity to Free Association meaning union and. Now for the masters of mankind thats fine association meaning unions. Now for the masters of mankind thats fine they may show their profits but for the population its devastating and they make their profits but for the population its devastating. For these 2 presses financial ization. Of these 2 presses financial ization and offshoring are part of what led to the vicious cycle and offshoring are part of what led to the vicious cycle of concentration of wealth concentration of power. Of concentration of wealth concentration of power. In this us. War union. War union. Rational. Rational. Desire for love need a thief. Desire for love need a thief. Is. More than a financial. More than a financial. One. If you know we all take a language that we speak for granted its like the air that we breathe if you know we all take a language that we speak for granted its like the air that we breathe we dont notice it and the fact most of us believe that we simply perceive reality the way that it is we dont notice it and the fact most of us believe that we simply perceive reality the way that it is in fact we know after many years of psychological experiments that thats very far from the truth in fact we know after many years of psychological experiments that thats very far from the truth we dont see things just the way that they are instead the world that we think if we dont see things just the way that they are instead the world that we the internal world we live in is highly constructed by the structures of our brains but also turn a world we live in is highly constructed by the structures of our brains but also by the structures around languages and cultures that tell us how to put things together by the structures around languages and cultures that tell us how to put things together. So. American men and women she was just seen of in the countrys military the decision of american men and women she was just seen of in the countrys military decision lives every thing came to a complete change of lives every thing came to a complete change the. I was raised. You know told to shut up the day that i was raped. You know told to shut up kill me and i see how would destroy. Any screamed at me and he made me come in and you could kill me and i see how would destroy. Any screamed at me and he made me come in and he grabbed my arm and he write me with his birthing if you take into account they were my own and he right means birthing if you take into account that women dont report because of the extreme retaliation and its probably somewhere near about half a 1000000 dont report because of the extreme retaliation and its probably somewhere near about half a 1000000 women have now been sexually assaulted in the us military rape is a very very traumatic and women have now been sexually assaulted in the us military rape is a very very traumatizing tat happen but ive never seen trauma like ive seen. Tat happen but ive never seen trauma like ive seen women who are veterans who have suffered military sexual trauma reporting rape is more likely to women who are veterans who have suffered military sexual trauma reporting rape is more likely to get the victim punished to be a friend and almost 10 year career or chose to get the victim punished to be a friend and almost 10 year career or chose very invested in and i give a sex offender who was not even put to joseph very invested in and i gave the sex offender who was not even put to justice or put on the registry this is simply an hour in violence male sexual predators are put on the registry this is simply an hour in violence male sexual predators for the large part of target whoever is there to prey upon whether thats a man or woman for the large part of target whoever is there to prey upon whether thats a man or women. Through. Died like a dog he died like it. Died like a dog he died like a coward in some of us stories that shape that we just revels into cowards in some of our stories and shape that we just revels in declaring the death of the ice to leader in syria we compare the raid against baghdad even with the by the death of their in syria we compared the raid against baghdad even with the barack obama has been lost in operation. Elsewhere threats against bin ladin operations. Elsewhere threats it gets delayed again but the british Prime Minister finally gets his way over general election which from the late again but the british Prime Minister finally gets his way over general election which for most will. See theres another referendum leaving you. Can see theres another referendum leaving you. On american journalist speaks to us political persecution after his arrest for american journalist speaks to us political persecution after his arrest for an alleged assault. He says for reporting. He says for reporting venezuelan opposition violence. At the forefront of exposing position violent. At the forefront of exposing