situation bill rather similar to this. now this period six trillion because if you look at their wealth distribution the inequality mostly comes from super wealth. literally the top one tenth of a percent are just super wealthy. not only is it extremely unjust in itself. inequality has really negative consequences on the so is a whole. because the very fact of inequality has a corrosive harmful effect markers. you opened by talking about the american dream or the american dream as clear as mean deluded it will infer that you were curred to get rich it was possible for a worker to get a decent job. at a core of children go to school. to

a collapse. imagine yourself in an outside position looking for mars. what do you see. in the united states when there are professed to like democracy.

in a democracy public opinion is going to have some influence on poesy. and then the government carries out actions determined by the population and that's what democracy means. it's important to understand that privileged and powerful sectors have never liked democracy and for very good reasons. to not proceed puts power into the hands of the general population and takes it away from them. as kind of the principle of concentration of wealth and power. concentration of wealth yields concentration of power particularly so as the cost

of elections skyrockets which kind of forces the political parties into the pockets of major corporations. and this political power. translates into legislation that increases the concentration of wealth so fiscal policy like tax policy a deregulation. rules of corporate governance a whole variety of measures political measures designed to increase the concentration of wealth and power which in turn to yield more political power to do the same thing. and that's what we've been seeing. so we have this kind of vicious cycle in progress. you know actually it is so traditional that it was described by adam smith in seven

hundred seventy six he read the famous wealth of nations. he says in england the principal architects of policy are the people on the society in his day merchants and manufacturers. and they make sure that their own interests are very well cared for however greed is the impact on the people of england there are others. now it's not a merger of manufacturers it's financial institutions and multinational corporations the people who adam smith called the masters of mankind and they're following the vile maxim over for selves and nothing for anyone else. they're just going to pursue policies that benefit them and harm everyone else. and in the absence of a general popular reaction that's pretty much what you'd expect. be

right through american history there's been an ongoing clash between. the pressure for more freedom and democracy coming from below and the efforts that elite control and domination coming from above. because back to the founding of the country. james madison the main framer who was as much of a believer in democracy is anybody in the world that they nevertheless felt that the united states system should be designed and indeed was his initiative was designed so that power should be in the hands of the wealthy. because the wealthier there are more responsible set of men and therefore the structure of the formal

constitutional system placed most power in the hands of the senate or the senate was not elected in those days it was selected from the wealthy men as madison put it had sympathy for property owners in their right. to read the debates at the constitutional convention. madison the major concern of the society has to be to protect the minority of the opulent against the majority. and here argument suppose everyone had to vote freely as they will the majority of the poor get together and they would organize to take away the property of the rich and he said that would obviously be unjust so he can't have that so therefore the constitutional system has to be set up to prevent democracy.

which is of some interest that this debate has a hurried tradition goes back to the first major book on political systems aristotle's politics. he says of all of them the best is democracy and at any point said exactly the flaws that medicine put it. if absent were a democracy for free men the poor would get together and take away the property the rich. well the same dilemma they had opposite solutions or settle for posed what we would nowadays call a welfare state and try to reduce inequality. so the same problem if said solutions one is reduce inequality will have this problem and the other is reduced democracy.

if you look at the history of the united states it's a constant struggle between these two tendencies democratising tendency that's mostly coming from the population pressure from below and you get these constant battle going on periods or gratian periods of progress in one thousand nine hundred six for example were a period of significant democratization. sectors of the fucking lation that were usually passive and the city became organized active story pressing their demand. and they became more and more involved in decision making and activism and so on.

they just changed consciousness and always. minority rights. we don't want. did. women's rights. to the. american history. boring of mankind seeking to survive opposition to creation through to those who criticize us . dissent they are serious about law. and the vietnamese people black people and what people can turn for other people one day we must. mean poor people in america when you begin. to reason of course. the

system of distribution of wealth the crisis in our research. american society these are all symbolizing the fact. that caused great fear. to anticipated the power of a should have but it didn't then to speak the power of the reaction to the civilizing effects of the sixties did not anticipate the strength of the reaction to it. the backlash.

it's. been a real good shots people. like. but sometimes our in class communities young people are deciding if they want to be not like their parents not like the new liberals. the blacks are always struggling school again or you always have problems but your level of focus and walk is the most ubiquitous known out there most police departments use it almost overstayers in the school that they could get their hands on commas in twenty four hours. through it teaching these kids about racism about police brutality taking cried of them be all these kids are

a part of all history. after the previous stage of my career was over everyone wondered what i was going to do next the multiple different clubs on one hand it is logical to sort of know from fields where everything is familiar on the other i wanted a new challenge and the fresh perspective i'm used to surprising people by salt or not so you think. i'm going to

talk about football not for you or else if you think i was going to do. by the way ways of the flying here. just. let me. get to shape out disdains you can stick out to it and engage with equals betrayal. when so many find themselves worlds apart we choose to look for common ground. they dated you know it was because at that as big on that that what you got is they in the days that you it gives it not think it's a one of a is it is leaving days if you it did yes it was more figures forty eight odd

because it gives me back to the audience again but of course. you know world of big partisan movies lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the back and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now we're watching closely watching the hawks. there has been an enormous concentrated kodak the golan tarion efforts that went right through the nixon years and you see it in many respects and over on the right

you see it in things like the famous pell memorandum. sent to the chamber of commerce major business lobby but later supreme court justice powell warning them that business is losing control over the society. and something has to be done to counter these forces coarsely puts it in terms of the defense defending ourselves against an outside power. if you look at it it's a call for business to use its control over resources to carry out a major offensive to beat back the. as in wave. over on the liberal side something exactly similar to the first. major report

of the trail lateral commission is concerned with this. called the crisis of democracy. trilateral commission is liberal internationalists in their flavors indicated by the fact that they pretty much staff the corridor ministration. they were also told that the moc they were concerned that there was an excess of to not pursue developing. previously passive and obedient parts of the population or sometimes called the special interests who were beginning to organize and try to enter the political arena and they said that imposes too much pressure on the state you can't deal with all these pressures so therefore they have to return to passive that they become the politicised. and they were particularly concerned with what was happening to young people the young

people get into free and independent. in the way they put it there's a failure on the part of the schools the universities churches the institutions responsible for the indoctrination of the young there for is not mine. if you look at their study there's one interest they never mention private business and that makes sense they're not special interest they're the national interest kind of by definition so they're ok they're allowed to you know have flub iest by campaign staff the executive make decision. that's fine but it's the rest of the special interests the general population who have to be subdued. when that's the specter it's the kind of ideological level of the backlash but the

major backlash which was unparalleled this. was just redesigning the economy. since the one nine hundred seventy is there's been a concerted effort on the part of the masters of mankind the owners of the society to shift the economy in two crucial respects one to increase the role of financial institutions banks investment firms and so on insurance companies. but a two thousand and seven break before the latest crash they had literally forty percent of corporate profits. far beyond anything in the past.

back in the one nine hundred fifty s. as for many years before the united states economy was based largely on production . in the united states as the great manufacturing center of the world. financial institutions used to be a relatively small part of the economy and their task was to distribute unused assets like a bank savings to productive activity in a bank are one had on hand money. to monitor on the back of the reserve bank. to be high to providing an. outing money. to the community by making. money for a manufacturer to meet

a better ongoing hike how many. are going to money on it why people are always needing more cramming and i haven't. idiot leave him. that's a contribution to the economy. regulatory system was established banks were regulated the commercial investment banks were separated cut back for risk in this practices that could harm private people. there had been remember no financial crashes during the period of regulation by the one nine hundred seventy s. that changed. the story getting that huge increase in the flows of speculative capital just astronomically increased an enormous changes in the financial sector from traditional banks to risky investments. complex financial instruments money

manipulations and so on increasingly the business of the country isn't production at least not here. the primary business here is business. you can even see it in the choice of directors so the director of a major american corporation back in the fifty's and sixty's was very likely to be an engineer as somebody who graduated from a place like mit maybe industrial management more recently the directorship in the top managerial positions or people who came out of business schools learned financial trickery of various kinds and so on. by the one nine hundred seventy s. say general electric can make more profit playing games with money than you could buy producing in the united states. you have to remember that general electric is substantially a financial institution today it makes half its profits just by moving money around

and complicated ways and it's very unclear that they're doing anything that's of value to the economy. so that's one phenomena let's go financial ization of the economy. going along with that is the oil sure into production. the trade system was reconstructed with a very explicit design of putting working people in competition with one another all over the world. on the part of working people. it's been particularly striking in the united states but happening worldwide it means that an american workers in competition with

a super exploited worker in china. meanwhile highly paid professionals are protected they're not placed in competition with the rest of the world far from it and of course a capitalist free to move a workers are free to move labor can't move but capital can well again going back to the classics like adam smith as he pointed out the free circulation of labor is the foundation of any free trade system but workers are pretty much stuck the wealthy in the privileged are protected so you get obvious consequences and they're recognized in fact praised. policy is designed to increase in security. alan greenspan and when he testified to congress he explained his success in running the economy as based on what he called greater

worker insecurity. a typical restraint on compensation increases has been evident for a few years but as i outlined. dominant role workers and secured are going to be under control were a decent working condition or the opportunity to free association. for the pastors of mankind trying to make their profits for the population it's devastating. to these two processes financial ization sure are part of what led to the vicious cycle of concentration of wealth concentration of power. so what we've got to do is identify the threats that we have it's crazy. let it be

an arms race. spanning dramatic development only closely and. i don't see how that strategy will be successful very. time to sit down and talk. about money laundering first to visit the three different. we have our three banks all set up having something to do something in america something over the cayman islands and it will pull these banks are complicit in this after all it's a need to do some serious money laundering ok let's see how we did while we got a nice watch for max and for stacy oh beautiful jewelry. from that you know what money laundering is highly illegal. much keyser of course.

what politicians do you should. put themselves on the line to get accepted or rejected. so when you want to be president or injury. or somehow want to be rich. but you'd like to be close to see what the before three in the morning can be good that i'm interested always in the waters of our. place should. rule of law to go oh oh oh dear it's crazy oh. we've been a real good shots to begin murders controls all life. but sometimes our last communities young people are deciding if they want to be not like their parents not like them liberals. the blacks are always drug school again you always have problems but you're not able to

focus and walk it's the most ubiquitous gun out there most police departments use it almost every stores in the school tell that they could get their hands on communism twenty four hours. through it teach nice kids of both racism both police brutality taking pride of them very dark these kids are a part of all history. after the previous stage of my career was over everyone wondered what i was going to do next the ball different clubs on one hand it is logical to sit in the home fields where everything is familiar on the other by want of a new challenge member fresh perspective and i'm used to surprising us all the more not to be fickle and to talk about football not for you or else you just think i was going to do. by

the way. i do think the numbers mean something they matter to us with over one trillion dollars of debt more than ten white collar crime. eighty five percent of global wealth he longs to be the rich eight point six percent world market thirty percent some with one hundred five hundred first second first second and fifth when he rose to twenty thousand dollars. china's building two point one billion dollars. mark but don't let the numbers over . the only number you need to remember one business show you know the mid one and only boom but.

if you truly care about your many lives huge support the saudi led effort to prevent yemen from turning into a puppet state of the corrupt british islamic republic of iran the us secretary of state. support for the saudi led coalition's bombing campaign in yemen despite a us senate vote to end it move the donald trump has threatened to veto. come the morning limit the third time lucky put a reserve bank the british prime minister is expected to put a plan to vote once again this week as she pleads for support much from a mine field. and the united states deploys nuclear capable strategic.