the one and only. norm chomsky and i unfairly at mit and i think. any more have learned as you were activities for the last few years.

noam chomsky has made to international reputation. is one of the national leaders of american resistance to the vietnam war the deepest is a professor of linguistics who before he was forty years old to transform the nature of his subject. you are identified with a new level whatever that is you certainly have been an activist as well as a writer. as a norm chomsky. is wasted in anybody's catalogues among the half dozen girls of the new left. the standard he achieved by adopting over the past two or three years a series of adamant. project at least on the most itself . but actually this mission. merican is quite an interesting one specially to tell

tara and ocean it is used in free societies so if someone and say italy is criticizing berlusconi or the corruption of the italian state and so on than a cold area ten six they were called india today and people would collapse and laughter in the streets of rome or milan. in totalitarian states the notion to use so in the old soviet union dissidents were cold and he said that was the worst condemnation. of the brazilian military dictatorship they were gold in any brazilian. no it's true that in just about every society the critics are maligned. or mistreated different ways depending on the nature of the society like him so it unions they will be imprisoned. in the us dependency

like el salvador at the same time his counterparts have their brains blown out by a u.s. run state terrorist worse. than others is it just condemned their villa from the zone and in the united states or one of the terms of abuse is anti american and there's a couple of others like you know more cases there's an array of terms of abuse. of in the united states you have a very high degree of freedom and so if you're vilified by some commas or who cares to go on to your work anyway these concepts only arise in a culture where if you criticize state power and when i state i mean. we're generally not just government but state corporate power if you criticize concentrated power you're against the society you're against the people it's quite striking that it's used in the united states it's one of the only democratic says.

with the concert isn't just ridicule it's a sign of the elements of the elite culture which are the great the glee. the american dream my many ideals was partly symbolic but partly real so in the one nine hundred fifty s. and sixty's it was in the biggest growth period in that american economic history.

gold made. it was pretty gala tarion growth so the lowest fifth of the population was improving about as much as the upper fifth. and there were some welfare state measures which improve life for much of the population it was for example possible for a. black worker to get a decent job in an auto plant. get a core of children go to school and so on and the same across the board. when the u.s. was. primarily a manufacturing center it had to be concerned with its own consumers here famously henry ford. raise the salary of his workers who would be able to buy cars.

when you're moving into an international. tunnel me as the manx like to call it the live small percentage of the world's population that's gathering increasing wealth what happens to american consumers that have much less concern because most of them aren't going to be consuming your products anyway at least on a major basis. your goals or profit in next quarter even it if it's based on financial manipulation and. high salary high bonuses produced overseas if you have to and produce for the a wealthy classes here and their counterparts abroad what about the rest well there's a term coming into use for them too and they're called the precariat. precarious proletariat the working people of the world who live increasingly precarious lives

. and it's related to the attitude toward the country all together. during the period of great growth of the economy fifty's and sixty's but in fact earlier taxes on the wealthy were far higher corporate taxes were much higher taxes on dividends are much higher simply taxes on wealthier much rare the tax system has been redesigned a so that the taxes that are paid by the very wealthy are reduced and cursed ponderingly the tax burden on the rest of the populations increased. now the shift is towards trying to keep taxes adjusts. dunham wages are not

consumption which everyone has to do not say and dividends which i go to the rich. the numbers are pretty striking. now there's a pretext of course there's always a pretext the pretext in this case is well that increases investment in increases jobs but there isn't any evidence for that if you want to increase investment give money to the poor and the working people they have to keep alive so they spend their incomes that stimulates production stimulates investment that leads to job growth and job. if you're an ideologist for the masters you have a different line and in fact right now it's almost absurd and corporations have money coming out of their pocket. so in fact general electric are paying zero taxes and they have enormous profits let's take the profit somewhere else or go for it

but not pay taxes and this is common. the major american corporations shift the burden of sustaining the society on to the rest of the population. solidarity is quite dangerous from the point of view of the masters you're only supposed to care about yourself and not about other people this is quite different from the people they claim are their heroes like adam smith who based is whole approach to the economy on the principle that sympathy is a fundamental human trait but that has to be driven out of people's heads gotta be

for yourself father while maxon don't care about others which is ok for the rich and powerful but it is devastating for everyone else. and it's taken a lot of effort to try to drive these basic human emotions out of people's heads. and we see it today in policy for major for example in the attack on social security. social security is based on a principle it's based on a principle of solidarity saw bury it in caring for others. a social security means i pay payroll taxes so that the widow across town can get something to live on. with fred much of the population that's with this of iowa. it's of no use to the very rich a so therefore there's

a concerted attempt to destroy it. and one of the ways is defunding it you want to destroy some system first defund it. then it will work people be angry they want something else that's a standard technique for. private eyes exam system. we see it in the attack on public schools. public schools are based on the principle of solidarity. i no longer have children in school their grown up but the principle of solidarity says i happily pay taxes so that the kid across the street can go to school that's normal human emotion and it drives it out of people's heads i don't have kids in school why should i pay taxes privatized it so on. the public education system all the way from kindergarten to higher education is

under severe attack i mean that's one of the jewels of americans say. go back to the golden age again the great chris period in the fifty's and sixty's a lot of that is based on free public education. and one of the results of the second world war was the g.i. bill right which enabled veterans remember that's a large part of the population and to go to college they would have been able to do otherwise of the century got free education where a community is date or nation regularly invest a substantial share of it resources in education the investment invariably it returned in better business and a higher standard of living u.s. was way in the lead in developing extensive mass public education at every level. but now more than half the states most of the funding for the colleges comes from

two issues not from the state that's a radical change that's a terrible burden on students it means that students if they don't come from very wealthy families they're going to leave college with big debts and if you would think that you're trapped i mean maybe you wanted to become a public interest lawyer but you're going to go into a corporate law firm a tip. you know if those dead by the time you're part of the culture you know you're not going to get out of it again and that's true cross the border. what politicians do something. they put themselves on the line and they get accepted or rejected. so when you want to be president i'm sure. most somewhat want to be. the two going to be prosperous like them before three in the morning can't

be good. i'm interested always in the wives of our. guests. welcome to max kaiser financial survival guide. looking forward to a year that's without. yanks this is what happens to pensions in britain. you watch kaiser report. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics small business i'm show business i'll see that. they take it as because at that as big comment about what you got to stay in the basic deal 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 three bags the odd there is to be a but of course. in the one nine hundred fifty s. it was a much poorer society in the news today but nevertheless could easily handle centrally free mass higher education today a much richer society claims dozen of the resources for. that just what's going on right before our eyes and it's the a general attack on the principles that i'm in that i mean not only are they schumi they're the basis of the prosperity and health of this society.

if you look over the history of regulation say the railroad regulation financial regulation and so on and you find that quite commonly it's it's either initiated by the economic. concentrations that are being regulated or it's supported by them and the reason is because they know that sooner or later they can take over the regulators. and it ends up with what's called regulatory capture. the business being regulated is in fact running the regulators.

bank lobbyists are actually writing the laws of financial regulation gets to that extreme. and that's been happening through history and again it's a pretty natural tendency when you just look at the distribution of power. one of the things that expanded enormously in the one nine hundred seventy s. is lobbying as the business world moved sharply to try to control legislation. business world was pretty upset by the advances in a public welfare in the sixty's and in particular by richard nixon and it's not to will understand that but he was the last new deal president and they regarded that as class treachery. and nixon's administration you get the consumer safety legislation safety and health regulations in the workplace the e.p.a. the environmental protection agency. business didn't like it of course they didn't

like that taxes. they didn't like the regulation and they began a coordinated effort to try to overcome it. lobbying sharply increase deregulation began with the rule ferocity. there were no financial crashes in the fifty's and the sixty's because the regulatory apparatus of the new deal was still in place . as a pm to be dismantled under business pressure and political pressure. to get more and more pressures. and it goes on right through the years. seventy's sort of starts begin. eighty's really takes off congress was asked to approve federal loan guarantees to the auto companies about the want and want to have a billion dollars and all of this is quite safe as long as you know the

government's going to come to rescue so takes a break and instead of letting them pay the cost break and build out the banks like continental the biggest bailout of american history at the time that she ended his term with so the huge financial crisis the savings and loan crisis and the government moved in and build it out for a kind of three hundred dollars for a very fair lady and hundred ninety nine regulation worse dismantled to separate commercial banks from investment banks. then come see bush and obama bill and bear stearns is running to the feds to stay afloat president bush today defended the decision to bail out citi group that in may and freddie macin ask for a total after being million dollars more to sail out could get much bigger billing even in troubles for the u.s. economy. and they're building up the next term.

b. each time the taxpayer is called on to bail out of those who created the crisis increasingly the major financial institutions. in a capitalist economy you would do that in a capitalist system that would worry about the investors who made risky investments but the rich and powerful they don't want to capitalist system they want to be able to run to the nanny state as soon as they're in trouble and get billed a taxpayer it's called the too big to fail. i mean there are no will or it's an economics who significantly disagree with the course that we're following people like just stiglitz paul krugman others none of them were even approached the people picked to fix the crisis were those who created the robert rubin crowd the goldman

sachs croak they created the crisis are no more powerful than before is that accident well not when you pick those people to create an economic plan and then what do you expect to happen. meanwhile for the poor let market principles prevail don't expect any help from the government the government's the problem not the solution and so on that's essentially neo liberalism and it's has this dual character which goes right back in economic history one set of rules for the rich office etc rules for the poor. and nothing surprising about this exactly the dynamics you expect if the population allows it to proceed she's going to go on and on like this until the next crash which is so much expected that credit agencies which kind of evaluate the. status

of firms are now counting into their calculations the taxpayer bailout that they expect to come in after the next crash which means that the beneficiaries of these credit ratings like the big banks they can borrow money more cheaply they can push out smaller competitors and you get more and more concentration everywhere you look policies are done this way which should come as absolutely no surprise to anyone that's what happens when you put power into the hands of a narrow sector of will which will is dedicated to increasing power for itself just as you'd expect. be. a. concentration of wealth yields concentration of political power.

particularly so as the cost of elections skyrockets which kind of forces the political parties into the pockets of major corporations. the citizens united this was january two thousand and nine i guess that's a very important decisions prim court decision but it has a history and you got to think about the history. of fourteenth amendment has a provision that says no person's rights can be infringed without due process of law. and the intent clearly was to protect freed slaves said ok they've got the protection of the law i don't think it's ever been used for freed slaves if ever marginally almost immediately it was used for businesses corporations there are rights can't be infringed without due process of law so they gradually became

persons under the law. corporations or state created legal fictions. maybe they're good maybe they're bed but to call them persons it is kind of rages so they get got personal rights back about a century ago and that extended through the twentieth century. as they give corporations rights way beyond what persons have so if say general motors invests in mexico they get national rights the rights of the mexican business while the notion of person was expanded to include corporations it was also restricted if you take the fourteenth amendment literally that no undocumented alien can be deprived of rights if they're persons. undocumented aliens who are living here and building your buildings clear lawns and so on they're not persons.

but general electric is a person an immortal super powerful person this perversion of the young elementary morality and the obvious meaning of the law is quite incredible. in the one nine hundred seventy s. the courts decided that money is a form of speech. but the first well and the new one through the years to citizens united which says that the right of free speech of corporations members spend as much money they want can be curtailed. take a look what that means it means that corporations which anyway have been pretty much buying elections are now free to do it with virtually no constraint as tremendous attack on the residue of democracy.

interesting to read the rulings like justice kennedy's swing vote his ruling said well look at roland c.b.s. is given freedom of speech there are corp why shouldn't general electric be free to spend as much when it is that one. i mean it's true that c.b.s. has given treat of speech but they're supposed to be performing a public service that's why and that's what the press is supposed to be a general electorate is trying to make money for the chief executive some of the shareholders. city critical decisions and it puts the country in a position where business power is greatly extended beyond what it always was this is part of the vicious cycle the supreme court justices are put in by reactionary presidents who get in there because they're funded by business and that's the way the cycle works.

so what we've got to do is identify the threats that we have it's crazy for indonesian let it be an arms race is often spinning dramatic development only really i'm going to resist i don't see how that strategy will be successful very chaotic at a time time to sit down and talk. wrong . all just all. well yet to stamp out this thing to come at some point and engage with. the trail. when something find themselves well the party. system the for common ground. rule of whining oh oh oh oh it gets crazy oh. we've been

a real good shops to begin murders controls all life. but sometimes our in the last communities young people are deciding if they want to be not like their parents not like ten liberals. the blacks are always drug school again you always have problems but your level of focus and walk is the most ubiquitous known out there most police departments use it almost every stores in the school that they could get their hands on economies in twenty four hours. rich chinese kids about racism about police brutality taking pride in them they are these kids are a part of 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 i want to the new challenge and the fresh perspective i'm used to surprising the bus or not so you think. i'm going to talk about football not the or else you think i was going to do. by the way what is it that sliding here.

if you truly care about your many lives you'd support the saudi led effort to prevent yemen from turning into a puppet state of the corrupt british islamic republic of iran the. support for the saudi led coalition's counterpane in yemen despite a us senate vote to end it. the third time lucky for treason made this week the british prime minister is expected to put a plan on the vote once again the. much maligned. the united states to pay.