it's seemed wrong but old rules just don't hold. any new world but yet to say proud disdain comes to advocate and engagement equals betrayal. when so many find themselves worlds apart. she's to look for common ground. in 2040 you know bloody revolution to correct the demonstrations going from being relatively peaceful for the protests to be creasing the violent revolution is always spontaneous or is it just the lawyer i mean you are liz put video through in the new bill is that i do is feeling a little of the former ukrainian president recalls the events of 2014. of those who took vote i've invested over $5000000000.00 to assist ukraine in these and other goals that will ensure

a secure and prosperous and democratic country. what politicians do so little. they put themselves on the line. to get accepted or rejected. so when you want to be president. or some want to. have to try to do for us this is what the 43 in the morning can be good that i'm interested always in the waters in the house. there should.

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 objectively 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 ready. but if you're a 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 by the similar to this. now this period 6 tree because if you look at their wealth distribution the inequality mostly comes from super wealth. literally the top 110th of a percent are just super will. not only is it extremely unjust in itself. inequality has highly negative consequences on this so it is awful. because the

very fact of inequality has a corrosive harmful effect markers that. you opened 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. in a corps of children 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. clee translates into legislation that increases the concentration of wealth so fiscal policy like tax policy 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 1776 he read the famous wealth of nations. he says in england the principle 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 all for our 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. it'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 the 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 and say well 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 you 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 horror tradition goes back to the 1st 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 into. 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 as a try to reduce inequality. so the same problem absent 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 2 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 1906 for example were a period of significant democratization.

searchers in 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 activism and so on. they just changed consciousness in ways. minority rights. we don't want our. women's rights. or.

concerns of the. american as. they say boring of my own safety that's all survived opposition to aggression to those who criticize us. dissent they are serious about lawn on the provider of the vietnamese people black people and people concerned for other people one. 1000000 poor people in america when you begin. to reason. the system of distribution of wealth. these are all symbolizing say. that caused great fear.

had. 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 sixty's i did not anticipate the strength of the reaction to it. the backlash. what is it calling the coin is magic internet money the new type of digital currency decentralized digital scarcity chancellor i'm bringing a 2nd bailout for a bank that's called the genesis blog for reasons to call me a civil disobedience

a source of optimism because i can control my own financial destiny it's just a new way of coming to consensus is a game changer in the human history and this is columbus discovering a new world this paradigm shifting technology that transforms economics and finance in a heartbeat the apollo 11 landing on the moon to the moon with max and stacey. seriously folks go through a period of sort of the orbit see whether it's just pushed right if. somebody were to that it was and i go to the. moon is its ability. to get rid of that all you want to go to the banana that is that. that mean that you'll know ball. enough well it was pretty good way to listen to the world kind of what you stand to which could be oh i would only done one but i come in.

here do you really do need your money you know did you storm the lead here so i'm i looked up from moods sure bears are doing the clue which are coconspirators some are going to be. you know world's big partners to do a lot of things and conspiracy it's time to wake up to dig deeper to hit the stories that made stream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the. and shouting past each other it's time for critical thinking it's time to fight for the middle for the troops the time is now we're watching closely watching the hawks.

there has been an enormous concentrated coordinated business offensive beginning in the seventy's to try to beat back the egalitarian 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 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 course it 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 1st. major report of the trial lateral commission is concerned with this. called the crisis of democracy. trilateral commission is liberal internationalists there are flavors indicated by the fact that they pretty much staff the corridor ministration. 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 not proceed 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 passivity and become the politicised. and they were particularly concerned with what was happening to young people young people get into free and independent. in the way they put it there's a. 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 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 is good by campaign staff the executive make decisions that's fine but it's the rest 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 in peril of this was just redesigning the economy. since the $1970.00 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 2 crucial respects one to increase the role of financial institutions banks investment firms and so on insurance companies. but a $2007.00 break before the latest crash they had literally 40 percent of corporate profits. far beyond anything in the past. back in the 1950 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 buying a car what had on hand money. on the back to be a reserve bank. to hide providing out. hunting money. to the community by making national. money for a manufacturer to meet a man or on going hi how many. are going to money on a 100 why people are always needing more and i haven't been. 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 1970 s.

that changed. the sort of 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 a 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 1970 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 it's 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. spent particularly striking in the united states but happening worldwide it means that an american workers in competition with 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 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 restraint. compensation increases has been evident for a few years but as i outlined in some detailed in testimony last month i believe our 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

unionized. now for the masters of mankind that's trying to make sure their profits but for the population it's devastating. for these 2 processes financial ization i'm sure are part of what led to the vicious cycle of concentration of wealth concentration of power. physicists is a stick for the water bottle found in the stomach of a fish the brand is spawns of the coca-cola company which sells millions of bottles of soda every day the idea was that let's tell consumers they're in the bad was there the litter box they're throwing this away industry should be blamed for all this waste the company has long promised to reuse the plastic.

that's. the only thing you've owned that funding you. on your best bet is the end of. the fun now the mountains of waste only grow higher . we have a situation that is very new and that's why. it's like i feel like before the war with 2 people who are the. good morning. there was no end to the school board you know the 2 so the boy it was through to the right of the world through the dream of the as a medical man the widespread simplicity is good for people today. in many diseases because of this would you fool the.

politicians to do something to. put themselves on the line to get except the reject . so when you want to be president and. somehow want. to go right to be precise this is like the before 3 in the morning can't be good that i'm interested always in the waters of my house. first sip. is up 1st the c. on his attorney one name for you you get 11 who was a little bit keyed. up to. you which it. was a renewal you got a game you had to you know you get out and usually those who know people you supposed to it's when it gets you out it was pretty. good. and that's the ticket.

if you ask if that's the finish that you give. in the headlines this weekend the u.s. charges a former intelligence analyst under the espionage act alleging he leaked sensitive information about a covert warfare program to the media. european leaders lock horns over the process that will determine who takes over as the next commission president. beijing vows to respond to donald trump's decision to levy tire of summer for the $300000000000.00 worth of imports from china marking another trade war escalation.