As author of the recent books understanding socialism and understanding marxism and in west for we cross to peter schiff he is chief global strategist at europe a civic Asset Management right gentlemen crosswalk rules in effect that means you can jump in anytime you want and i always appreciate it ok lets go to new york richard you know when you looking at the news about the economy looking at a lot of macro numbers and sometimes i think its very quite confusing and where the economy is going particularly when we look at unemployment permanent unemployment and jobs that are permanently lost here but the more i look at it and you gentlemen are preeminent experts here i dont i dont really think its that you are an l. Im really quite taken with this k. A recovery the rich got richer and the poor got or is that an oversimplification richard go ahead not at all i think weve already seen that now quote quite some time that lee. East to north 3 on 4 decades of growing inequality both of wealt
Unemployment and jobs that are permanently lost here but the more i look at it and you gentlemen are preeminent experts here i dont i dont really think its that you are an l. Im really quite taken with this k. A recovery the rich got richer and the poor got for is that an oversimplification richard go ahead not at all i think weve already seen that now folks like some time that at least 2 or 3 or 4 decades of growing inequality both of wealth and income and instead of that being understood as having contributed to the combination pandemic and crash were living through instead of that being understood we see the crash having made it worse the growth of the wealthy at the very top having outstripped everything we could have imagined at the same time that now over 60000000 americans have. Had to file for one or another kind of state or federal Unemployment Compensation assistance this is a system that is spinning out of control in terms of extremes of wealth inequality and income inequali
Understood we see the crash having made it worse the growth of the wealthy at the very top having outstripped everything we could have imagined at the same time that now over 60000000 americans have had to file for one or another kind of state or federal Unemployment Compensation assistance this is a system that is still going out of control in terms of extremes of wealth inequality and income inequality and theres nothing on the horizon that suggests that thats going to change and so i think that is becoming a permanent quality of this economy and is a society that used to in the 20th century pretend that it was a vast middle class that capitalism was a tide that lifted all boats i dont think this is politically already a logically sustainable. Peter the same question to you because if we look at the Consumption Patterns of the top 10 percent during the worst of the pin demick the lock down their consumption went down Something Like 15 percent but the class that serves them their inco
Long as they are present in the hearings to be counted and members are responsible for your own microphone so please keep your microphones muted unless you are speaking. Finally, if they wish to submit documents for the record, please email them to the Committee Clerk whose email address was circulated prior to the hearing and thank you all for joining us. So good morning everyone and welcome to todays remote hearing on our support healthy air travel, to support healthy air travel in the covid19 era and beyond. I like to welcome our witnesses and thank you all for being here. Marshall air travel is an essential part of the fabric of our society and economy. It employs a Critical Role in business, commerce, education, travel and tourism. We take for granted that we can now easily travel vast distances by air and reach destinations that were once reserved for imagination. And just over a century, air travel moved from our imagination to a reality that has changed the way we interact with
And the International Communication association, this is 1 10. All right. It is 5 00 on the dot and i want to give our speakers every single second possible. It gives me great pleasure to introduce our final keynote. Shes, at the end of the day, it seems youve saved the best for last and weve had a day full of bests and we have our final set of bests. Here with the keynote on Artificial Intelligence and the new gen code professors Ruha Benjamin and Marilyn Broussard and with that, i will turn over the floor to both of you. Thank you. Okay. Thank you charleton and thank you everyone for coming today. This has been a very intellectually stimulating day. It is my great pleasure to be here today with dr. Ruha benjamin who is an associate professor of africanamerican studies at princeton university. She is the author of peoples science, bodies and rights on the stem cell frontier and a new book called race after technology, abolitionist tools for the new gem code which you should get becaus