Dont believe d the formal systems are believe there are many who feel they are all right about what they get in the d car park truths that it exists and youve been watching the weekly here not international thats how things are looking back again with the headlines and more stories at the top of the. One of the things that i started to realize is that the noise in my head as it me i started the practice of organizing my wife around what i wanted my life to be about even when it conflicted with my internal annoyance so you know why i wrote a book but in my head im not smart enough people like me to write books. But what i help myself to was the action and i started to notice that i could coexist with that while still living a life that went beyond that. Is your media a reflection of reality. In a world transformed. What will make you feel safe from. Tyson nation or community. Are you going the right way or are you being led so. Direct. What is true what is faith. In the world corrupted you need to descend. To join us in the depths. Or im a going to shallowness. Be. During the Great Depression which im old enough to remember there was and most of my family were unemployed working class there wasnt 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 there isnt today. Inequality is really unprecedented im sure that total inequality its like the worst periods in American History. But if youre a find it more closely inequality comes from the extreme wealth in a tiny sector of the population fraction of one percent. There were periods like the gilded age in the twentys and the early ninetys and so on when a situation developed by the similar to this. Of this periods extreme because if you look at their Wealth Distribution the inequality mostly comes from super wealth. Literally the top 110th of a percent are just super wealthy. Not only is it extremely unjust in itself. Inequality has highly negative consequences on the side is awful. Because the very fact of inequality has a corrosive harmful effect mockers if. You open by talk about the American Dream or the American Dream is closed and belittle it will infer that you were kurds. A ridge it was possible for a worker to get a decent job. In a corps of children to school. To a collapse. Imagine yourself in an outside position looking for mars. What do you see. In the United States when there are professed to like democracy. 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 what democracy means. Its important to understand that privileged and powerful sectors have never liked democracy and for very good reasons. Democracy puts power into the hands of the general population and takes it away from them. As kind of the principle of concentration of wealth and power. Concentration of wealth yields concentration of power particularly so as the cost of elections skyrockets which kind of forces the Political Parties into the pockets of major corporations. And this political power. Translates into legislation that increases the concentration of wealth so fiscal policy like expo us see the deregulation. Rules of Corporate Governance a whole variety of measures political measures designed to increase the concentration of wealth and power which in turn to yield more political power to do the same thing. And thats what weve been seeing. So we have this kind of vicious cycle in progress. You know actually it is so traditional that it was described by adam smith in 776 he read the famous wealth of nations. He says in england the principle architects of policy are the people on the society in his day merchants and manufacturers. And they make sure that their own interests are very well cared for however greed is the impact on the people of england there are others. Now its not a merger of manufacturers its Financial Institutions and multinational corporations the people who adam smith called the masters of mankind and theyre following the vile maxim over our selves and nothing for anyone 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 much what youd expect. Right through American History there. Its been an ongoing clash between. Pressure for more freedom and democracy coming from below and the efforts that elite control and domination coming from above. Because back to the founding of the country. James madison the main framer 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 indeed was his initiative was designed so that power should be in the hands of the wealthy. Because the wealthier there are more responsible 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 elected in those days it was selected from the wealthy men as madison put it had sympathy for Property Owners in their right. To read the debates at the constitutional convention. Madison the major concern of the society has to be to protect the minority of the opulent against the majority. And here argument suppose everyone had to vote freely 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 so you cant have that so therefore the constitutional system has to be set up to prevent democracy. Which is of some interest that this debate has a hurried tradition goes back to the 1st major book on political. Systems aristotles politics. He says of all of them the best is democracy and it only points out exactly the flaws that medicine pointed out. If athens were a democracy for free men the poor would get together and take away the property the rich. Well same dilemma they had opposite solutions aristotle proposed what we would nowadays call a welfare state and try to reduce inequality. So the same problem absent solutions one is reduce inequality will have this problem and the other is reduced monikers. 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 pressure from below and you get this constant battle going on periods or gratian periods of progress in 1906 for example were a period of significant democratization. Sectors of the folk elation that were usually passive and the city became organized active story pressing their demand. And they became more and more involved in Decision Making and activism and so on. They just changed consciousness and. Minority rights. We dont why are our. Womens rates. If we force it to say. In terms of the. American as. Nice a. Safety net survival opposition to aggression im sorry did i was criticized as well the militant dissent that if they are serious about lawn on the provider of the vietnamese people are on black people and people can turn for other people. For the 1000000 poor people in america when you begin. To reason. The system of distribution of wealth the question of restructuring American Society is are all symbolizing say. That caused great fear. Her. Anticipated the power of a should have but it didnt anticipate the power of the reaction to the civilizing effects of the sixtys did not anticipate the strength of the reaction to it. The backlash. So. Live. Pled. The 5th leg. Length. Leg play. Live live. Live. Live. Please. Play. Live. Lists play. List. Playing. And very well might continue watching on since last. Does this is a stick from the water bottle phone in the stomach of a fish the brand is spawns of the Cocacola Company which sells millions of bottles of soda every day the idea was that lets tell consumers theyre the bad ones theyre the litterbugs theyre throwing this away industry should be blamed for all this waste the company has long promised to reuse the plastic. Ons its not as if its tickled at susies. And may look at things cool sets their classes kristie cake or 3 on my end i need to stay on your phones at a special projects funded he tells it to close all agree on i knew that that is the end of a footy team but fun now the mountains of waste only grow higher. You know world of big part of the new lot and conspiracy its time to wake up to dig deeper to hit the stories that Mainstream Media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bats and shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now were watching closely watching the hawks. There has been under normas concentrated coordinated business offensive beginning in the seventys to try to beat back the golan tarion efforts that went right through the nixon years you see it in many respects and over on the right you see it in things like the famous pell memorandum. Sent to the chamber of commerce major business. Leaders Supreme Court justice powell. Warning them that business is losing control over the society. And something has to be done to counter these forces course we put it in terms of defense defending ourselves against outside power. 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 something exactly similar the 1st. Major report of the a Trilateral Commission is concerned with this. Called the crisis of democracy. Trilateral commission is liberal internationalists in their flavors indicated by the fact that they pretty much staff the corridor ministration. They were also told that democratizing tendencies of the sixtys and so we have to react to it. They were concerned that there was an excess of democracy developing. Previously passive and obedient parts of the population or sometimes called the special interests who were beginning 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 so therefore they have to return to passive that they become the politicised. And they were particularly concerned with what was happening to young people the young people are going to free and independent. In the way they. But it theres a failure on the part of the schools the universities churches the institutions responsible for the indoctrination of the young there for its not mine. If you look at their study theres one interest they never mention private business and that makes sense theyre not special interests theyre the National Interest kind of by definition so theyre ok theyre allowed the you know have lobbyists by Campaign Staff the executive make decisions thats fine but its the rest of the special interest of the general population who have to be subdued. When thats the specter its the kind of ideological level of the backlash but the major backlash which was in peril of this. Was just redesigning the economy. Since the 1970 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 respects one to increase the role of Financial Institutions banks investment firms and so on insurance companies. But a 2007 break before the latest crash they had literally 40 percent of corporate profits. Far beyond anything in the past. Back in the 1900. Fiftys as for many years before the United States economy was based largely on production. In the United States the great Manufacturing Center of the world. Financial institutions used to be a relatively small part of the economy and their task was to distribute unused as it likes bank savings to productive activity and buying our way and had on hand a reserve of money on holders to monitor on the back of the reserve bank can create gratin call behind providing any hunting money on banks or of the community by making the National Credit available for many purposes for a manufacturer to meet him or all during my coming period to unlock and remodel her car and her money on a good reason why people are always needing more granting and i have immediately available. Thats a contribution to the economy. Regulatory system goes a step blish banks were regulated the commercial investment banks were separated cut back for risk in this practices that could harm private people. There had been remember no financial crashes during the period of regulation by the 1970 s. That changed. The sort of getting the huge increase in the flows of speculative capital just astronomically increased an enormous changes in the Financial Sector from traditional banks to risky investments. Complex Financial Instruments money manipulations and so on increasingly the business of the country isnt production at least not here. The primary business here is business. 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 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 positions or people who came out of Business Schools learned financial trickery of various kinds and so on. By the 1970 s. Say General Electric can make more profit playing games with money than you could buy producing in the United States. You have to remember that General Electric is substantially a Financial Institution today 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 economy. So thats one phenomena lets go financial ization of the economy. Going along with that is the oil sure and production. Trade system was reconstructed with a very explicit design of putting working people in competition with one another all over the world. And what its led to is a reduction in the share of into on the part of working people. Spent particularly striking in the United States but happening worldwide it means that an American Workers in competition with super exploited worker in china. Meanwhile highly paid professionals are protected theyre 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 but chattel can well again going back to the classics like adam smith as he pointed out free circulation of labor is the foundation of any free trade system but workers are pretty much stuck the wealthy in the privileged are protected so you get obvious consequences and theyre recognized in fact praised. Policy is designed to increase in security. Alan greenspan when he testified to conquers he explained his success in running the economy as based on what he called greater worker insecurity. A typical restraint 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 has played the dominant role workers in security are going to be under control. Theyre not going to ask for say decent wages were a decent working conditions or the opportunity to Free Association meaning unionized. Now for the masters of mankind thats fine theyve made their profits but for the population its devastating. For these 2 processes financial ization and offshoring are part of what led to the vicious cycle of concentration of wealth concentration of power. All over it was. I. Russian officials have identified the suspect of the shooting at the federal Security Service building in central moscow 2 people were killed and 5 injured in the attack and another stories shake the week moscow in the u. S. Sanctions targeting russias millstream seeing gas pipeline to germany with berlin saying it amounts to interference in Domestic Affairs and another inspector writes frank from the Global Chemical weapons watch told the a. P