Felt he himself was rather sympathetic to chris if legislation that would be an invention of the general population but he had to get it passed so he informed labor leaders and others forced me to do it. What he meant is it going to help demonstrate were going to protest develop the labor movement. When the popular pressures fission and be able to control the legislation you know i am not for a were. Still last definition number 11 a i doubt which many as a freebie blow well being gradually read your man into the senate friendly deal i prefer that brought out information. So there was a kind of a combination of a sympathetic government and by the mid thirtys very substantial for peter activism. There were industrial actions there were the sit down strikes which were very frightening to. Ownership. Have to recognize a sit down strike is just one step before saying we dont need bush that we can run this player sales. And business was told to read the Business Press say in the late thirti
Risk taking that it was a service for risk taking remember that when you include things into the National Accounts you have to kind of say what it is doing so in the u. S. As National Income and product accounting so all of this is suddenly stuffed into the g. D. P. Figures out without any kind of value judgement is it actually producing something or is it just moving things there when you maybe want your virgil to each other or up a little newspaper and its talking about basically g. D. P. Growth is all that we can hope for for you without booze using this sort of massive well let me give you a little test. What happens if someone is cleaning your house lets not make this under a civic and then you marry that man. What happens to g. D. P. Before it falls and if you pollute. We all in the river so all the strain the only shows or things that only the only things that we pay for get included just explain the pollution yeah so when we pollute g. D. P. Nothing happens to it only once we p
Business and i thought to myself how can it be that weve gotten to the point where even the labor party which is about work labor doesnt you know doesnt actually have a narrative a way to talk about values collectively created and they confuse the word Wealth Creation with business because in the book you talk about Lloyd Blankfein fully of Goldman Sachs saying that your productiveness comes from organizations like Goldman Sachs its like were always told this is he of londons a little wall street you know its creates value yeah but what do you know whats interesting is that up until the 1970 s. The Financial Sector wasnt even included in g. D. P. It was actually seen as just a transfer of the existing value from one place to another kind of like you wouldnt include Social Security payments its just a transfer and before that in fact the way we would talk about finance was also in terms of rent so the classical economist talked about in terms of unearned income it literally just moving
Introduce sabine weyand, who is the new director general for trade in the e. U. In that you commission. She took over the position a month ago and this is her first visit in washington. Csis is happy to have her here to make some open remarks, then she and i will have a conversation that will touch on a number of issues. Then we will open it up for your questions. Dr. Weyand for trade. Prior for this, she was the deputy chief resident negotiator for two and a half years, which had to the one of the difficult jobs in the e. U. I told her that if we invite her back a year from now, we will ask her who was harder to negotiate with, the british or the americans. I am sure we would get a polite answer, but, she has a history in a number of positions of significance inside the european commission. As i said earlier, one of my personal favorites is before she was a brexit deputy, she was Deputy Director general of trade. Those of you who are european know exactly what that means and how impor
There is one organized force which traditionally plenty of fluids but with all its flaws its been in the forefront of the. Efforts to improve the lives of the general population thats were going to slavery its also a barrier to corporate tyranny so its the one barrier to this vicious cycle going on which does lead to corporate tyranny. Or a. Major reason for the concentrated on a fanatic attack on unions are organized labor is they are a democratizing force. To provide a barrier that defends workers rights but also popular rights generally. That. Interferes with the prerogatives now heard by those who own and manage this site and i. Should say said andy union sentiment in the United States among the leads is so strong that the fundamental couper of labor rights in the basic principle in the International Labor organization is the rate of Free Association which would mean the right to form unions and us has never ratified. But i think the us may be alone in one major societies and their