but also just find that we've gotten peace movement immunity all borders. money is dead right so the money velocity would measure how money is being along from bank to bank to bank bank bank which is a measure of economic health is dead and if the money printing continues to increase some sort of asking the question why is the money not getting into the economy they're printing more of it. as an officer of the road to get up off the ground or begin to. hurt them freeze on the sounds of. manly christening essentially. through his. wish to do away from the officers. of his group.

the obvious or did they kind of lunge for the web in one's midst and then when it happened on treece one as i didn't hit him i never saw any contact with. any kind of went back to where they were so the officers back here there try again fifteen feet apart at this point and that's when the officer pulled his gun in a bit on tree. this is a sort of yours is a good there's a deal. during

the great depression which i'm old enough to remember there was and most of my family were unemployed working class there wasn't it was bed you know much worse subjectively than today but there was an expectation that things were going to get

better. there was a real sense of hopefulness there isn't today. inequality is really unprecedented i'm sure that total inequality it's like the worst periods in american history. but history find it more closely inequality comes from the extreme wealth in a tiny sector of the population fraction of one percent. there were periods like the gilded age in the twenty's the early ninety's and so on when a situation developed rather similar to this. now this period six tree 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 as highly negative consequences on the so it is. because the very fact of inequality has a corrosive harmful effect on a person. you open by talking about the american dream or the american dream is classman dillard it will encourage you or kurt. ridge it was possible for a worker to get a decent job. at a core of children who are school. 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 builds concentration of power particularly so as the cost of elections skyrockets it which kind of forces the political parties into the pockets of major corporations. and this political power quickly 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 include will 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. right through american history there's been an ongoing clash between.

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 says 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 horrid tradition goes back to the first major book on political systems aristotle's politics. is. of all of them the best is democracy

at any point said exactly the flaws that medicine pointed out. if athens 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 aristotle proposed what we would nowadays call a welfare state to try to reduce inequality. so the same problem that solutions one is reduce inequality will have this problem and the other is reduced muckers. 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 for. searchers and if i feel a sure that we're usually passive apis it became organized active story pressing their demand. and they became more and more involved in decision making activism and so on. they just changed consciousness in ways. minority rights. really don't want.

women's rates. force it's a. concern for the. american as. they supplied orig of my own safety nets all the survival of position to aggression through to those who criticize us while the militants the abundance that they are serious about lawn all of. the vietnamese people wrong black people and people concerned for other people one day we must ask the question. million poor people in america when you begin. to reason across the mouth system of distribution of wealth the question of restructuring the whole of american society these are all symbolizing. that caused great fear.

her. anticipated the. her shift of the sixty's did not anticipate the strength of the reaction to it. the backlash. i think the team did not that. was their call something because that is the still the opportunity to. say. the same position absurd beata.

context and also the international law are more more on the serbian side i think not on notice of motion by forty four but also on the just find the act which got in peace i'm going to win then immunity off i don't borders. on. that i took it up on soldier that i. wasn't that left then i was an. author is a militia. that i. have a for an. hour that you don't need an s.s.

on this out there or isn't and never was never heard of and. most concentrated co-ordinated business offensive beginning in the seventy's to try to beat back the golan tarion efforts that went right through the nixon years you see it in many respects and over on the right you see it sent to the chamber of commerce major business lobby but later supreme court justice powell warning that the 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 this democratizing wave. over on the liberal side something exactly similar the first. major report of the a trilateral 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. and they were also told that democratizing tendencies of the sixty's and so we have to react to it. they were concerned that there was an excess of to knock perceived

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 can't deal with all these pressures so therefore they have to return to a city becomes the politicized. and they were particularly concerned with what was happening to young people the young people are going to 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 it is not mine. if you look at their study there's one. an interest in never mention private

business and that makes sense they're not special you know how flub is by campaign staff the executive make decisions that's fine but it's the rest the special interests the general population. 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 is this 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 buying our way to. money.

on the back to being. a bank. behind the providing an. outing money. to the community by making. money for a manufacturer to meet a better ongoing high. are going to money on a why people are always needing more and i haven't. that's a contribution to the economy. regulatory system was established banks were regulated the commercial investment banks were separated cut back or risk investment 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. you

started 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 in the 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 by 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 in 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. and what it's led to is a reduction in the share of income 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 conquers he explained his success in running the economy as based on what he called greater worker insecurity. a typical responding. compensation increases has been evident for a few years but as i outlined in some detailed in testimony last month i believe their job insecurity has played the dominant role workers and secured are going to be under control. they're not going to ask for say decent wages were a decent working conditions or the opportunity to free association meaning unions. now for the masters of mankind that's fine they may show their profits but for the

population it's devastating. for these two processes financial ization sure are part of what led to the vicious cycle of concentration of wealth concentration of power. going on the phone lines smoke i don't make an incredible image in my mind i'm on the front of the influence enough and then once that's done to get a. lot of. that and i think. she

was even. done wrong but from the sun on my book you've got to get up but of course that's enough at the end of. the garden for that and because i don't want. it. to. i think that this would be. the last. possible because there is this still. to. say. the same the position of serbia in the context. of the international law. are more more on the serbian side i think not on notice of default but also just find the act which got in peace

movement in the middle of the borders. to get up off the ground of serbia down. them freeze on the sounds of kind of fighting in the grown man in the christening essentially. through his or. through which to do away from the officers. of his group. the obvious or did they kind of lunge for the web in one's midst and there would have been done she swung at the observations didn't hit him i never saw any contact with. any kind of went back to where they were so the officers back here there again fifteen feet apart at this point and that's when the officer pulled out his gun and he did turn three.

with this manufactured concept of public wealth. when the running clubs to some protect themselves. with the flame of. the. in the week's top stories organizers claim one million people marched in london demanding another referendum on the brakes as europe grants the u.k. two week extension to the break the deadline after its prime minister fails to get support for her divorce plan. a bombshell report claims a group of american mercenaries illegally traveled to haiti to help the country's president consolidate power and move eighty million dollars we speak to its all for

. many of the.