There were periods of percent. There were periods like the gilded age in the twentys and the early ninetys and so on when a situation like the gilded age in the twentys and the early ninetys and so on when a situation developed other similar to this. Now this period 6 tree hill rather similar to this. Now this period 6 tree because if you look at their Wealth Distribution the inequality mostly comes because if you look at their Wealth Distribution the inequality mostly comes from super wealth. From super wealth. Literally the top 110th of a percent are just super wealthy. Literally the top 110th of a percent are just super wealthy. Not only is it extremely unjust in itself. Not only is it extremely unjust in itself. Inequality has really negative consequences on the side it is an old inequality has really negative consequences on the side it is all. Because the very fact of inequality has a corrosive. Because the very fact of inequality has a corrosive harmful effect akerson. If harmful effect ackerson. You open by talk about the American Dream. You open by talk about the American Dream or the American Dream is close mean deluded it will infuriate you work or part of the American Dream is class mean deluded it will infuriate you or kurt you get rich it was possible for a worker to get a decent job or get rich it was possible for a worker to get a decent job. At a core of children go to school. Get a core of children go to school. To a collapse. Collapse. 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 universe. In the United States where there are protests like democracy. I did states where there are professed for like democracy. In a democracy Public Opinion is going to have some influence on policy in a democracy Public Opinion is going to have some influence on policy. And then the government carries out actions determined by the population and thats when the government carries out actions determined by the population. Thats what democracy means. To a democracy means. Its important to understand the privileged and powerful sectors its important to understand that privileged and powerful sectors have never like democracy and for very good reason. Have never liked democracy and for very good reason. Democracy puts power into the hands of the general population and takes it away from democracy it puts power into the hands of the general population and takes it away from them. And its kind of the principle of kind of them. And its kind of the principle of concentration of wealth and power. And control of wealth and power. Concentration of wealth yields concentration. Concentration of wealth yields concentration of power particularly so as the cost of elections skier of power particularly so as the cost of elections skyrockets which kind of forces the Political Parties into the pocket rockets which kind of forces the Political Parties into the pockets of so if major corporations vicious. And this political and sparkle are good or clear betrayed quickly. Translator enslin they too civil and legislation to listen solution that in print says theres the content creases the concentration of of wealth. So fiscal policy like tax policy deregulate so fiscal policy like tax policy deregulation. Rules of Corporate Governance a whole variety ssion. Rules of Corporate Governance a whole variety of measures political measures designed to increase the concentration of measures political measures designed to increase the concentration of wealth and power which in turn to yield more political power a division of will from power which in turn to yield more political power do the same thing. And thats what weve been seeing the same thing. And thats what weve been seeing. So we have this kind of vicious and. So we have this kind of vicious cycle in progress. Michel in progress. You know actually it is so traditional that it was described. You know actually it is so traditional that it was described by adam smith in 776 he read the famous wealth of the by adam smith in 776 he read the famous wealth of nations. He says in asia and. He says in england the principal architects of policy are the people on the society in england the principal architects of policy by the people on the society. In his day merchants and manufacturers. And they make sure that the in his day merchants and manufacturers. And they make sure that their own interests are very well cared for however greed their own interests are very well cared for however greed is the impact on the people of england there are others. As the impact on the people of england there are others. Now its not merging manufacturers its Financial Institution. Now its not merging manufacturers its Financial Institution multinational corporations the people who adam smith told the multinational corporations the people who adam smith told the masters of mankind and theyre following the violent acts of masters of mankind and theyre following the vile maxim over our selves and nothing for anyone else. Over for ourselves 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. And in the absence of a general popular reaction thats pretty much what youd expect. Thats pretty much what youd expect. Right through American History theres been. Right through American History theres been. An ongoing clash between. Pressure for more freedom and democracy coming from below and. An ongoing clash between. Pressure for more freedom and democracy coming from below and efforts that elite control and domination coming from above. Efforts that elite control and domination coming from above. Goes back to the founding of the. Goes back to the founding of the country. James madison country. James madison the main framer who was as much of a believer in democracy is anybody in the main frame or who has as much of a believer in democracy is anybody in the world that they nevertheless felt that the United States system should be designed for old that they nevertheless felt that the United States system should be designed and indeed was his initiative was designed so that power should and indeed with his initiative was designed so that power should be in the hands of the wealthy. Because the wealthier the more response be in the hands of the wealthy. Because the wealthier the more responsible set of men and therefore the structure of the formal constant suppose set of men and therefore the structure of the formal constitutional system placed most power in the hands of the senate or the senate was not aleutian system placed most power in the hands of the senate or the senate was not elected in those days it was select from the wealthy men as madison they did in those days it was select from the wealthy men as madison put it had sympathy for Property Owners in their right. But it had sympathy for Property Owners in their right. To read the debates at the constitutional convention. 3 and read the debates at the constitutional convention. Madison says the major concern of the society has to be. Protect madison the major concern of the society has to be to protect the minority of the opulent against the majority. The minority of the opulent against the majority. And had argument suppose everyone had to vote for it. And had argument suppose everyone had to vote freely as they will the majority of the poor get together and only as they will the majority of the poor get together and they would organize to take away the property of the rich and he said that would obviously be unjust 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 to prevent just as he cant have that so therefore the constitutional system has to be set up to prevent democracy. Which is of some interest that this debate. Which is of some interest that this debate has a hard tradition goes back to the 1st major book on political system has a hard tradition goes back to the 1st major book on political systems aristotles politics. He says of all of them thems aristotles politics. He says of all of them the best is democracy and then he points out exactly the flaws that the best is democracy and then he points out exactly the flaws that madison pointed out. If medicine put it out. If athens were a democracy for free men the poor would get together and take away the property there it absent were democracy for free men the poor would get together and take away the property the rich. Well the same dilemma they had opposite solutions. Well the same dilemma they had opposite solutions aristotle proposed what we would nowadays call a welfare state is it true aristotle proposed what we would nowadays call a welfare state and try to reduce inequality. Try to reduce inequality. So same problem absent solutions one it. So same problem absent solutions one is reduce inequality will have this problem and the other is reduced democracy is reduce inequality will have this problem and the other is reduced democracy. If you look at the history of the United States its a constant struggle. 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 public tweenies to tendencies democratizing tendency thats mostly coming from the population pressure from below and you get this constant battle going on up the lation a pressure from below and you get this constant battle going on periods or aggression periods of progress in 1906 for example were a period of significant democratization. Periods of regression periods of progress in 1906 for example were. A period of significant democratization. Searchers if i feel assured that. Searchers in the secular issues that are usually passive at the city became organized a story truly passionate for the city and became organized a story to see their demand. To see their demands. And they became more and more involved in decision. And they became more and more involved in Decision Making to his room and so on. It just changed consciousness and they came to his him and so on. He just changed consciousness and wage. Wage. Minority rights. Minority rights in the 3 dont wear out. I dont even need we dont wear out. Why dont we did. This they need me. We did. This they need one of the. Womens rights. Womens rights. This station will change. If we force it to change course. In terms of the law if we force it to say. Yes in terms of the you think that American History is at a. Price. You think that American History is that they. Cry out for and of my own safety in its own survival position to krrish boring of my own seeking its own survival position to creation through to those who criticize us on the militancy upon descent. Im through to those who criticize us on the militancy upon descent that if they are serious about lawn on the bridge provided in the vietnamese people or our own blood its about lawn on the bridge provided for the vietnamese people are our own black people and what people can turn for other people one day we mazak people in power are looking in turn for other people one day we must ask the question. For a 1000000 poor people in america when you begin to ask a question on 40000000 poor people in america when you begin. To raise an oppressed amount the Economic System of that person to raise an oppressed amount the Economic System about a broader distribution of wealth the question of restructuring the broader distribution of wealth the question of restructuring of American Society these are all symbolizing. Americans this time these are all symbolizing its a. Great fear. That could just create fear. I had. I had. Anticipated the power of a should have but i didnt anticipated the power of a should have but i didnt anticipate the power of the reaction to the civilizing effects of the 60s despite the power of the reaction to the civilizing effects of the 60s i did not anticipate the strength of the reaction to it i did not anticipate the strength of the reaction to it. The backlash. The backlash. In the. Cinema. With a showing at the cinema. With a showing at the. Vehicle to. When the church. He think it will shoot you youre going to. Come up shipping you know youre going to. Come up shipping. You up and most of those who booked it to who the person who. You open the most of those who booked it to who the person you will know soon you know i dont know or. Who. Are still you know i dont know. Who. Has the latest whos in the. Whos the list whos in the focus. Or easy right so you have put this. Stuff or easy right there yet of course youre supposed to move through some. Witnesses through some really striking to move through some. Witnesses through the syringe through. It to. The people who are printing the money dont rely on. The people who are printing the money dont rely on taxes to get wealthy theyre not part of the real economy thats a does the same thing as saying the taxes to get wealthy theyre not part of the real economy thats a does the same thing as saying the rulers of saudi arabia rely on the wages of the People Living in saudi arabia the rulers of 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 to be in to get rich they they dont they just print more or pump more oil so in the america the princes that run our economy just print more money they dont sell. In the 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 why need the workers they dont need their taxes thats why they dont have wage growth thats why theres been enough this aeration as there are needed. Theres been enough this aeration as there are needed. Is youll need it. Is your media a reflection of reality. A reflection of reality. In a world trend. In a world transformed. What will make you feel safe. In school and. What will make you feel safe. Tyson nation full community. Isolation full community. Are you going the right way or are you being led. By you going the right way or are you being led. Away. What is true what is faith. What is true what is faith. In the world corrupted you need to descend. In the world corrupted you need to descend. Join us in the depths. Join us in the depths. Or remain in the shallows. Aura made in the shallowness of. The food. Today there are good terrorists and bad debtors the bad terrorists and those in yemen a good a good dentist and bad debtors the bad terrorists and those in yemen who the United States deems to be a threat the looked at is so those one in syria who the United States deems to be a threat the looked at it is some of those what in syria the cia and u. S. Military were engaged in covert actions really through the cia and u. S. Military were engaged in covert actions really throughout the world. Where they were assassinating populist leaders they were at the world. Where they were assassinating populist leaders they were backing up right away military windows funding an army death squads theres no backing up right way militaries windows funding an army death squads theres no anymore because theres always a small out of control for really any more because theres always a small out of control for a really good thats good for profit. But goodness and for profit. Rich. Rich. Rich. Rich. There has been an enormous constant. There has been an enormous concentrated coordinated business offensive beginning in the seventys to try to trade a coordinated business offensive beginning in the seventys to try to beat back the egalitarian efforts that went right through the nixon years beat back the egalitarian 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 that and you see it in many respects and over on the right you see it in things like the famous pell memorandum. Sent famous pell memorandum. Sent to the chamber of commerce Major Business lobby but Later Supreme Court justice to the chamber of commerce Major Business lobby but Later Supreme Court Justice Powell warning them that business is losing control over the society. Warning them that business is losing control over the society. And something has to be done to counter the. And something has to be done to counter these forces course it puts it in terms of the defense defending ourselves against its forces course it puts it in terms of the defense defending ourselves against outside power. Outside power. If you look at it its a call for business to use it. 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 democracy to control. Other resources to carry out a major offensive to beat back this democratizing wave. As a wave. Over on the liberal side isnt exactly similar. Over on the liberal side isnt exactly similar to the 1st. Major report of the trial Lateral Committee 1st. Major report of the trial Lateral Commission is concerned with this. Called the crisis of democracy issue is concerned with this. Called the crisis of democracy. TriLateral Commission is liberal internationalists in their. Trade Lateral Commission is liberal internationalists in their flavors indicated by the fact that they pretty much staff the Carter Administration flavors indicated by the fact that they pretty much staff the Carter Administration. And they were also told that. They were also told that democratizing tendencies of the sixtys and so we have to react to that democratizing tendencies of the sixtys and so we have to react to that. They were concerned that there was an excess of democracy to the. They were concerned that there was an excess of democracy developing. Previously. Previously passive and obedient marginal population or sometimes go past. Is and obedient parts of the population are sometimes called the special interests who are beginning to organize and try to enter the political arena of the special interests who are beginning to organize and try to enter the political arena and they said imposes just too much pressure on this a state cant deal with a little these pressures so therefore they have to return to passivity in these pressures so therefore they have to return to passivity and become the politicised. And they were particularly concerned with what was happening become the politicised. And they were particularly concerned with what was happening to young people young people get into free and independent. Thing to young people and young people get into free and independent. In the way they put it theres a failure to quit art of they put it theres a fool here be a pervert under simply the schools the universities churches the institutions responsible for the indoctrination of the churches the institutions responsible for the indoctrination of the young there for its not mine. Theyre for is not mine. If you look at their study theres one interesting never met. If you look at their study theres one interesting never mention engine but is right that isnt it. And the man makes accent sense there is not spare financial industry especially actually that it matters theyre the National Interest and of but the driven issues so if theyre out of their life admitted it dont so theyre ok theyre allowed to you know have lobbyists buy Campaign Staff the executive make decisions thats a flub is by Campaign Staff the executive make decisions thats fine but its the rest the special interests the general population who have to be fine but its the rest the special interests the general population who have to be subdued. Simply to. Win thats the specter as. Well thats the specter its the kind of ideological level of the backlash but the major baxi kind of ideological level of the backlash but the major backlash which was in peril of this. Was just redesigning the economy which was unparalleled this. Was just redesigning the economy. Since the one. Since the 1970 is theres been a concerted effort on the part of the masters of team 7 days theres been a concerted effort on the part of the masters of mankind the owners of the society to shift the economy and venkat and the owners of the society to shift the economy in 2 crucial respects one to increase the role to crucial respects one to increase the role of Financial Institutions banks investment firms of Financial Institutions banks investment firms and so on insurance companies. But a 2007 and so on insurance companies. But a 2007 break before the latest crash they had literally 40 percent of corven break before the latest crash they had literally 40 percent of corporate profits. Far beyond any profits. Far beyond anything in the past. Thing in the past. Back and they. Back in the 1950 s. As for many years before the United States economy was being 19. 50 is as for many years before the United States economy was based largely on production. In the United States as the great many face largely of production. In the United States is the great Manufacturing Center of the world. Trade center the world. Financial institutions used to be a. Financial institutions used to be a relatively small part of the economy and their task was to a relatively small part of the economy and their task was to distribute unused as it likes a bank savings to production distribute unused as it likes a bank savings to productive activity a bank always had on hand the reserves of money received from the directive in a bank always had on hand the reserve money received from the stockholders in deposit or on the basis of these cash reserves a bank can create holders of deposit or on the basis of these cash reserves a bank can create reddit now besides providing a safe place for the positing money a bank credit now besides providing a safe place for the positing money a bank there is a community by making a National Credit available for many purposes or a manufacturer of the community by making additional credit available for many purposes for a manufacturer to meet his payroll during slack telling period are a margin to unlock and remodel his order to meet his payroll during slack telling period our margin to unlock and remodel his car and for many other reasons why people are always needing more credit. And for many other reasons why people are always needing more credit than they have immediately available. To contribution to the economy and they have a mini. Thats a contribution to the economy. Regulatory system was established banks were regulated. Regulatory system was established banks were regulated the commercial investment banks were separated cut back their risk investment the commercial investment banks were separated cut back their risk investment practices the good arm private people. There had been repressed dissidents the good arm private people. There had been remember no financial crashes during the period of regulation member no financial crashes during the period of regulation by the 1970 s. That changed. By the 1970 s. That changed. You started getting that huge increase in the flows of spectrum. You started getting that huge increase in the flows of speculative capital just esther comically increased an enormous changes in the financial of capital just esther comically increased an enormous changes in the Financial Sector from traditional banks to risky investments. Of sector from traditional banks to risky investments. Complex Financial Instruments money manipulations and so on complex Financial Instruments money manipulations and so on increasingly the business of the country isnt production at least not increasingly the business of the country isnt production at least not here. The primary business here is business here. The primary business here is business. You can even see it in the choice of directors so. You can even see it in the choice of directors so the director of a Major American Corporation back in the fiftys and sixtys was very likely rector of a Major American Corporation back in the fiftys and sixtys was very likely to be an engineer as somebody who graduated from a place like mit maybe industrially to be an engineer and as somebody who graduated from a place like mit maybe Industrial Management more recently the directorship in the top managerial management more recently the directorship in the top managerial positions are people who came out of Business Schools learned financial trickery of various conditions or people who came out of Business Schools learned financial trickery of various kinds and so on. By the 1970 s. Say general lines and so on. By the 1970 s. Say General Electric can make more profit playing games with money than you could buy prichard can make more profit playing games with money than you could by producing in the United States. Dusun in the United States. You have to remember that General Electric is substantially a Financial Institution you have to remember that General Electric is substantially a Financial Institution today it makes half its profits just by moving money around and complicated it it makes half its profits just by moving money around in complicated ways and its very unclear that theyre doing anything thats of value to the bit ways and its very unclear that theyre doing anything thats of value to the economy. So thats one phenomena lets go financial ization of the kaname. So thats one phenomena lets go financial ization of the economy. Going along with that is not to me. Going along with that is the oil sure into production. The oh sure into production. Trade system. Trade system was recently constructed or at the did with the with very explicit bit to scotland nice enough of it does not i know put it in putting working people to work during competition and will it with competition and with or with one another all over the world. And what its led to is a reduction in the share. And what its led to is a reduction in the share of income on the part of working people. Spend of into them on the part of working people. Its been particularly striking in the United States but happening worldwide it means that an American Workers tickler strike in the United States but happening worldwide it means that an American Workers in competition with super exploited worker in china. In competition with 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. 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 and of course a capitalist free to move workers are free to move labor can move but capital can well again going back to the classic move but capital can well again going back to the classics like adam smith as he pointed out free circulation of labor is like adam smith as he pointed out free circulation of labor is the foundation of any free trade system but workers are is the foundation of any free trade system but workers are pretty much stuck the wealthy in the privileged are protected so you pretty much stuck the wealthy in the privileged or protected so you get obvious consequences and theyre recognized in fact praised. Get obvious consequences and theyre recognized and in fact praised. Policy is designed to increase in scare. Policies designed to increase in security. Alan greenspan and when he testified to conquers. Alan greenspan and when he testified to conquers he explained his success in running the economy as based on he explained his success in running the economy as based on what he called greater worker insecurity. Atypical and what he called greater worker insecurity. A typical restraint on compensation increases has been evident for a few years ago restraint on company. Nation increases has been evident for a few years but as i outlined in some detail in testimony last month i believe that job instead as i outlined in some detail in testimony last month i believe that job insecurity has played the dominance of home. Peoples workers rights into the secure theyre going to be rolled workers and secured are going to be under control you know under control. They are not going to they were asked for virtually or say to ask for say a decent wage or spur for a decent working for british and work think they can eat it up for it to be or the opportunity to Free Association meaning unionized. Now for the masters of mankind a Free Association meaning unionized. Now for the masters of mankind thats fine they make their profits but for the population its doing thats fine they make their profits but for the population its devastating. For these 2 presses financial misstating. Of these 2 presses financial ization and offshoring are part of what led to the visualisation and offshoring are part of what led to the vicious cycle of concentration of wealth concentration of power cycle of concentration of wealth concentration of power. In a world of big part of the new things. In a world of big part of the new lot and conspiracies its time to wake up to the moth and conspiracy its. To wake up to dig deeper to hit the stories that made stream media refuses to tell more than ever to hit the stories that made stream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bathroom and she need to be smarter we need to stop slamming the door on the back and shouting past each other its time for Critical Thinking its time to fly shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now. For the middle for the truth the time is now for watching closely watching the hawks. Watching closely watching the hawks. Imagine that they know the. Dimension that they know in the city 35 and you have a what a career and a city 35 and you have a what a career ending career involves using your i phone in your computer and things they could have been in an Office Career involves using your eyes filling your computer and things they could have been in an office and perhaps you started getting headaches are getting fatigued you could have just ended perhaps you sort of getting headaches or getting fatigued youre going to have to stop doing all this and this is tell you lou the minutes must be frightening stop doing all this i mean this is telling you lou the minutes must be frightening 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 and the box. Around it a very strong Magnetic Field on macaques. Around it. Very strong Magnetic Field. In my head. Think of it like a real heart my skin burned in my head. Like a real heart my skin burned and that Wireless Access Point there just continued and that Wireless Access Point there just continues all day with our students in the schools. We are just kids all day with our students in the schools. We are just continually are citizens in this microwave radiation it is certain to be our citizens in this microwave radiation it is certainly electoral small and its getting worse. By the electoral small and its getting worse. And fewer. And fewer. Desirable of the. Designer of the. Fortune. More than spend. More than a. Thousands of american men and women. Thousands of american men and women choose to serve in the countrys military a decision that has shattered lives and choose to serve in the countrys military a decision that has shattered lives every bank until a complete. The day i was raped every song came to a complete. The day that i was raped and ill be instructed here you know all shot up what they kill me and i see ill be instructed. You know coldish kill me and i see how destroyed my life any screamed at me and he made me come in and he grabbed my arm i would destroy. Any screamed at me and he made me come in and he grabbed my arm and he right means berthing area if you take into account that women dont report because and he right means berthing area if you take into account that women dont report because of the extreme retaliation and its probably somewhere near about half a 1000000 women have now been sexually the extreme retaliation and its probably somewhere near about half a 1000000 women have now been sexually assaulted in the u. S. Military rape is a very very traumatizing thing tat assaulted in the u. S. Military rape is a very very traumatizing thing tat happen but ive never seen trauma like ive seen women who are fatter and 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 get the victim punished its who suffered military sexual trauma reporting rape is more likely to get the victim punished and the offender and almost 10 year career or chose very invested in them the offender and almost 10 year career or chose very invested in and i gave the sex offender who was not even put to justice or put on the road a story and i gave a sex offender who was not even put to justice or put on the road a story this is simply an hour in violence male sexual predators for the large part of this is simply an hour in violence male sexual predators for the large part of target whoever is there to prey upon whether thats men or women. Whoever is there to prey upon whether thats men or women. Died like a dog he died like a coward in the stories that died like a dog he died like a coward and the stories that shaped this week donald trump revels in declaring that dance is a leader in such shape this week donald trump revels in declaring that dance is a leader in syria we heard the race against. Barack obama and we heard the race against. Barack obama. Gets delayed. Gets delayed again the british Prime Minister finally gets his way over a general election again but the british Prime Minister finally gets his way over a general election which most will be seen as another referendum on leaving the u. Which most will be saying. As another referendum on leaving the. American journalist claims political persecution of. American journalist claims political persecution after his arrest for an alleged assault he tells r t its payback for reporting business we went after his arrest for an alleged assault he tells r t its payback for reporting business we have an opposition violence. We have been at the forefront of exposing the opposition violence. We have been at the forefront of exposing the
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