In American History. But if youre trying it more closely the inequality comes from the extreme wealth in a tiny sector the population fraction of one percent. There were periods like the gilded age in the twentys the early ninetys and so on when a situation developed rather similar to this. Now this period 6 trillion because if you look at their Wealth Distribution the inequality mostly comes from super wealth. Literally confluent 10th of a percent are just super wealthy. Not only is it extremely unjust in itself. Inequality as highly negative consequences on the so it is awful. Because the very fact of inequality has a corrosive harmful effect markers. You opened by talking about the American Dream part of the American Dream is questioning dillard it will infuriate you or chord. Get rich it was possible for a worker to get a decent job. At a core of children who are school. 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. Clee translates into legislation that increases the concentration of wealth so fiscal policy like tax policy a 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 principal 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 theres 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 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 has a horrid 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 put it. If absent were a democracy for free men the poor would get together and take away the property the rich. Well the same dilemma they had opposite solutions or settle for posed what we would nowadays call a welfare state and try to reduce inequality. So the same problem if said solutions one 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 between these 2 tendencies democratizing tendency thats mostly coming from the population pressure from below and you get these constant battle going on periods or aggression periods of progress in 1906 for example were a period of significant democratization. Sectors in the fucking lation that were usually passive that was it became organized active story pressing their demand. And they became more and more involved in Decision Making at the ism and so on. They just changed consciousness and. d minority rights. We dont want. Womens rights. Or. Concern for the betterment. Of america is. Seeking to provide a position to a christian im sorry that i was criticized as. Dissent they are serious about lawn on. The vietnamese people black people and what people can turn for other people 1. 1000000 poor people in america when you begin. To reason a. System of distribution of wealth. Research. Civilizing effect. That caused great fear. When. Anticipated the power of a should have but it didnt anticipate the power of the reaction to the civilizing effects of the 60s did not anticipate the strength of the reaction to it. The backlash. A reflection of reality. In a world transformed. What will make you feel safe. Isolation full community. Are you going the right way or are you being led. Directly to what is truly wants his faith. In the world corrupted you need to descend. To join us in the depths. Aura made in the shallows. Brothers see. The room light of. The room. My name is drawn more than i was sentenced to die in prison by the explosion love my life. Take a stick grab some Media Attention and its a shooting in a 16 year olds 16 Birthday Party found citing the place to tell a lot of pressure channel closed to kids. Before he is. Just drunk its like those. On the outskirts of funded are all for them to sure dont want peace be with us that all of the machine of because i was standing right next to. Me for is the son you got to keep in mind one soon those 1617 home so. You could lose londons are losers plundering does appear them both of them true. Full food really. Formal it is close to. The truth. You know world of big part of the. 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 bath and shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now for watching closely watching the hawks. 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 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 lobby but Later Supreme Court Justice Powell warning them that business is losing control over the society. And something has to be done to counter these forces corsi puts it in terms of defense defending ourselves against outside powers. 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 to the 1st. Major report of the trial Lateral Commission is concerned that this. Is called the crisis of democracy. TriLateral Commission is liberal internationalists there flavors indicated by the fact that they pretty much staff the corridor ministration. And they were also told that democratizing tendencies of any. Sixtys and so we have to react to it. They were concerned that there was an excess of to not proceed 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 a city and become the politicized. And they were particularly concerned with what was happening to young people young people get into free and independent. In the way they put it theres a failure on the part of the schools the universities churches the institutions responsible for the indoctrination of the young there for it is not mine. If you look at their study theres one interest they never mention 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 have flub iest by Campaign Staff the executive make decisions thats fine but its the rest the special interests 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 1950 s. This for many years before the United States economy was based largely on production. In the United States as 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 assets like a bank savings to productive activity buying our one had on hand money. On the back of the reserve bank. Hi tim i didnt have any. Money. For the community by making. Money for a manufacturer to meet a better ongoing. Remodel who are going to money on a 100 people are always needing more and i havent. Mediately available. Thats a contribution to the economy. Regulatory system was established banks were regulated the commercial investment banks were separated cut back or risk investment 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 story getting that huge increase in the flows of speculative capital just astronomically increased and 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 into production. The 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 income on the part of working people. Its been particularly striking in the United States but happening worldwide it means that in American Workers in competition with a 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 cant move but capital can well again going back to the classics like adam smith as he pointed out the 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 and when he testified to conquers he explained his success in running the economy as based on what he called greater worker insecurity. A typical respond. Compensation increases has been evident for a few years but as i outlined in some detailed interest from only last month i believe her job insecurity has played the dominant role keep workers in secured are going to be under control. Theyre not going to ask for say decent wages were a decent working condition or the opportunity to Free Association meaning unionized. Now for the masters of mankind and trying to make sure their profits but for the population its devastating. For these 2 processes financial ization im sure are part of what led to the vicious cycle of concentration of wealth concentration and power. 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 knowledge so you know why i wrote a book but in my head im not smart enough people like me dont write books. But what i held myself to it was the action and i started to notice that i could coexist with that while still living a life that went beyond. What weve got to do is identify the threats that we have its crazy on sunday shouldnt let it be an arms race is often spearing Dramatic Development only mostly im going to exist i dont see how that strategy will be successful very chaotic at a time time to sit down and talk. I had a spiritual experience. And i had the little girl that died in the fire cynthia collins. A 5 year old son were looking for a kidney reaching. 54 years old and 21 years on good role model. For a crime i didnt commit. I only knew that he was innocent and red to blue flu symptoms nobody would miss. You know and the. Trial was pretty much a farce. They are having a guilty plea before the trial. Tell you nobody. Not. Not happy not people you will learn it. From true to me hasnt forgiven himself for something. I knew she was in there and i knew exactly what i was doing. People life. Sometimes theres no way nation. Twas the night before christmas and all over the world people are mining seeking individual sovereignty so theyll probably just throw anything. This is a stick from the water bottle phone in the stomach of the 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 in the bad was there the litter bugs are throwing this away industry shouldnt be blamed for all this. The company has long promised to reuse the plastic. Funding. On the. Team but for now the mountains of moist only grow higher. It was seriously. Because she was stoic. And you know maybe it. Was. A. Little. Russian officials have identified the suspect in the shooting near the federal Security Service building something moscow 3 People Killed 5 injured and it. Was shaped a week mosconi you lash out at u. S. Sanctions targeting russias north screamed to gas plant in germany berlin saying it amounts to interference in domestic affairs. And another inspector breaks ranks from the Global Chemical weapons watchdog w saying its final report on the alleged attack in the syrians
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