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About our economic crisis and argue that it can be traced back to the 1970s when our Economic System shifted from benefiting a vast majority of americans to one which mostly benefits only the very rich. This is about an hourandahalf. [applause] good to see you will hear. Lets cut quickly to the chase. What is it and the dna of capitalism that makes this so unstable . Since the beginning of economics as a discipline back in the days of adam smith and David Mccarty who were the first to develop it as a comprehensive way of thinking about things, economist of worry about that. It has never been, except maybe in the last 30 years, the case that a significant portion of the profession, let alone the public imagine that capitalism was anything else. The reality has been from the beginning wherever capitalism has established itself, it has been stunningly unstable. It is all the time facing three to seven years of economic downturn. Give you an example. The last time we had a major collapse o
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