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Detailed text transcripts for TV channel - MSNBC - 20121229:14:17:00

Then you have major moral hazards. and the politicians do, too. are you referring to fanny and freddie? a lot of the europe european state-owned bank have a huge crisis. it s the tip of the iceberg is the european financial and political crisis but underneath that is a huge banking crisis that hasn t fully been resolved and that was driven a lot by the german and london banks that allowed them to do stupid things. they were more leveraged than a lot of the bank and that s argument one and argument two is fanny and freddie. i don t see them as the heart of darkness in the financial crisis but i think they were part of the problem because they were used to solve what should have been a political problem. so i think the issue of redistribution in the u.s. economy, instead of taxing rich people and helping poor people earn more money, what the u.s. ....

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Detailed text transcripts for TV channel - MSNBC - 20121229:14:01:00

Hello from new york. i m chris hayes. heather mcghee, karl smith, and also joining us via satellite is juliet schor. the conceptual category that we use to think about the economy, i think it s fair to say when the numbers come out and think about is the economy in the recession, growing a little, growing a lot, shrinking, that s the way we think about the economy and we re trying to zero in about what that means and what it misses and the subconcepts inside of it for good growth and bad growth. juliet, i first came about you ....

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Detailed text transcripts for TV channel - MSNBC - 20121229:13:06:00

Maybe you like to work in your bath robe, maybe you don t. you would think that s the natural way that an economy would work. instetd, instead, economies have built these large corporations which were command and control and we have a lot to explain about that. and i think the insecurity was a lot of that was probably insecurity. it s easier for people to contract out, easier for people to connect through online and things like that and that s pushing people towards the direction of working as freelance. and the other thing is that for workers at the lower end, wages are falling so fast that breaking that security relationship is a way to sort of slow the fall in wages. if you were to maintain it costs something. there s an efficiency loss. if you are able to maintain that relationship in order to have a job, wages have to be even lower. so as the wages fall do you agree with that, ....

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Detailed text transcripts for TV channel - MSNBC - 20121229:14:36:00

Competition with a threat of this lawsuit but also you re making it very difficult for anybody else to invent something new. everybody s afraid. and that s no good for innovation. it s providing the opposite of incentive. if the idea is to secure in limited turn and instead you re creating a situation in which if you invent something you re going to get your butt sued. right. it s like literally the opposite. so what do we do about it? start over. seriously. think very seriously about software patent. that s where a lot of the ridiculousness is coming from. each one of those phones has hundreds of patents. wipe it all out? we should not have software patents? no software? you want to help me out on this one? i think it s right. that s my and proech. it s extremely come me ....

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Detailed text transcripts for TV channel - MSNBC - 20121229:13:38:00

Continue to happen is that much more quickly than people anticipated, when women get education, access to birth control and some autonomy over their lives and bodies, the birth rate really falls off the cliff. in mexico it s amazing how quickly it s happened. and hispanic-americans, right? yes, in the u.s. as well. and then there s the question of climate. can we, if we keep putting carbon in the atmosphere, and we can only put a fifth of the carbon and hope to make temperatures which i harp on all the time two degrees celsius, there s a lot that we have to leave in the ground. christian, how do you think about how compatible our models of growth are with avoiding climate disaster? well, you know, the limits of growth had two areas. ....

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