type paid off my student at, which is what i was trying to do, my passion became helping independent restaurants succeed in drive. it worked. we kept restaurants in

the presiding officer: the senae will come to order. ************** the parliamentarian will read a communication to the senate. the parliamentarian:

the parliamentarian will read a communication to the senate. the parliamentarian: washington, d.c., april 13, 2023. to the senate: under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable angus king, a senator from the state of maine, to perform the duties of the chair. signed: patty murray, president pro tempore. the presiding officer: under the previous order, the senate stans adjourned until 3:00 p.m. on monday, april 17, 2023. universy

starting at goldman this summer. she read my book and now she doesn't want to go. i said that's not the answer. i talked about how oldman sachs -- i said let's get very clear about what could possibly be and be prepared with your reaction and your responses. i truly believe you have to be there to be part of the change. that is what i do now for my clients, the who i wish i had been, support outside the organization to make sure these people are on the right path, that they are nothing without their company's name. if you are able to have that right mindset and support when you go in, let's go.

goldman sachs hires 50% women. less than 20% at the partnership. i want to see that number change. >> goldman sachs has, since the publication of your book, not been too happy with it. they have disputed your characterizations of what is called the misogyny at goldman sachs. they refused to respond to -- >> you know that review. anonymous allegations. what kind of english do they speak at goldman sachs? i think that's a weird word. do you give goldman sachs hire arcs for anything for what you hear as an outsider? >> i respect their opinion.

they are entitled to theirs, i'm entitled to mine. i feel like i'm in a good place because for 18 years of my life, i got that job at 21 and lived at -- left at 40. i lived and breathed what that firm thought of me and it feels good not to care what they think of me anymore. but i respect their opinion. [applause] >> eric, to come back to the grand scope of things, you are the leading historian of the big myths. what were you thinking as you first took aim at this huge project? was this bigger than any of the books you had done before in scope? >> naomi is the leading historian of the big myths. is it eager? yes, in volume, and i think

scope. most of my scope has been narrower in time. that's because as we dug into the story, we found it went back further than we anticipated. the whole idea of market fundamentalism went back further than we were anticipating to be clear. it became a different book as we came to understand the subject and one of the drawbacks -- it's a bigger book i would probably hurt you if you dropped it on your foot. we submitted it to the press and they were kind of horrified. it hurts a little too have your words just go proof into the electronic ether. a lot of what happened is there are so many examples of the way

the myth of market fundamentalism has been promoted in the united states that probably we are stronger for having fewer examples. yet constantly wondering did that example get taking out -- get taken out? it is such a big book. critics do you still downhill ski and scuba dive? >> i still downhill ski. mostly at mammoth mountain in california, which may or may not have power today. the snow has been incredible and destructive and glorious and beautiful. thank heavens it is also our water supply. haven't had much opportunity to scuba dive. partly because of the pandemic and partly it's more inconvenient to do it. but i took up high-powered rocketry instead. it involves a little more

standing and less sitting in front of the computer, which is one of the drawbacks. everything is one machine and you have to sit in front of it. for far too long and it starts to hurt. >> just an aside -- icu have studied certain kinds of objects -- near terrestrial objects. anything to tell us about balloons? [laughter] >> nothing about balloons but balloons are one-way instruments for astronomy get tested. if you are not familiar with the history of astronomy, you can get my last book that nasa commissioned me to do. that was done pre-pandemic but because of delays caused by the pandemic did not come out until last july. that was a free download.

they probably didn't print more than a couple of thousand of them. writing about space stuff and space technology, very fun. >> why do you americans believe all of this? hot air or something worse? why do americans believe what they are told about the magic of the marketplace? are we so gullible or is there some reason we wanted to be true? >> i would say we have been in culture rated to it. we started in the late 19th century, which is generations of our parents. we've grown up in a sea of expectations and we all believe the kind of story that has been sold to us. we don't go into great detail into how it was sold through

movies, through books, through churches, etc.. when you are raised to believe certain things, it is difficult to begin to question. that's the short answer. >> to me the brief story and we will come back to mike -- the biggest fan was ronald reagan and he did not start out as a big myths supporter, right? >> he was a new deal democrat. service to the general electric telegraph converted him. >> great. are we ok on time? where is mr. mcardle? we have seven minutes. the person with the sign that says audience questions didn't

come down. it is all for you. hang on. he is coming. >> [inaudible]

is the divorce rate higher on wall street van national statistics? >> i don't know but i will say that environment is not conducive to anyone's view on what a healthy family situation should be. just the hours and requirements are a lot. i think wall street is right for this type of environment because of the compensation. i don't mean in terms of absolute value, but if you make $5 million, it's not 5 million divided by 24. it's not you get a paycheck every two weeks, it is a very little amount, may be 10% of that. most people's bonuses represent 90% or 80% of their compensation.

that influences employees and makes it right for manipulation because you are always dangling that carrot. when you are in an environment, what is the first thing you do? look around. what i observed was people would ignore things and when things get ignored -- this is the way it is on wall street. this is why you make the money on l street and when that is normalized, it is escalated. start off with a little bit inappropriate behavior -- no one said anything and now i'm going to up the ante. it is the money and structure of the compensation why this happens on wall street.

>> your questions now. >> a question for eric conway. how does the mainstream media plan the spread of propaganda and are there sources of alternative explanations or alternative takes on capitalism? >> good and tough questions. we dealt a little more with the media in the merchants of doubt because they were so incorporated and effective at spreading the deny list messages. partly because of their own institutional values. the idea there are two sides to every story, which itself derives from a two-party, democratic state. in europe, there are many parties. most european countries have

many parties and there are many newspapers to go along with those that you get a cacophony of voices. we talk about that in merchants out. in this book, we don't do much with tracing them into the mainstream media, partly lack of sources. you are restrained by the material you can actually get your hands on and we work on archival list material and books produced by other historians. but we don't get at the internal culture of journalism and why it is they might be susceptible to these messages except what i said in answer to the earliest question that they are in culture rated into the myth of the free market. >> we have one here and one in back.

>> what rule do you think the universities should have in accomplishing the goals from all three of you in terms of preparing people for business or telling about the system they live in? what do you think would be the role of universities helping with what you want people to know? >> good question. >> in our book, the university is constrained by the efforts of businessmen to ensure business and economics departments tell the free market stories. part one