at the brazilian military dictatorship they were gold in every brazilian. know 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 them so it unions they will be imprisoned. in a us dependency like el salvador at the same time this counterforce it either brains blown out by the us or a state terrorist worse. than others is it just condemned their villa from the so on that in the united states or one of the terms of abuse is anti american and a couple of others like you know more because there's an array of terms of abuse. of in the united states of a very high degree of freedom and so if you're vilified by some commas or other 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 b it's quite strict in that it's used in the united states in effect thrown out of the only democratic society where the concert isn't just ridicule and it's a sign of. elements of the leading culture which are the way to the glee.

the american dream mike many ideals was partly symbolic but partly real so in the 1950 s. and sixty's there was a the biggest growth period in. american economic history. gold paint. it was pretty kalak area and growth so the lowest 5th of the population was improving about as much as the upper 5th. and there were some welfare state measures which improved 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 raised the salary of his workers who would be able to buy cars. when you're moving into a good international plutonic a is the max like call it a little small percentage of the world's population that's a 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 produce 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 that simply taxes on wealth for much rare the tax system has been redesigned 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. no the shift is towards trying to keep taxes just done and wages are not consumption which everyone has to do not say and dividends which i go to the ridge . 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 if people live so they spend their incomes that stimulates. production stimulates investment that leads to job growth and so.

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 0 taxes and have enormous profits let them take the profit somewhere else or defer it but not pay taxes and this is. the major american corporations shift the burden of sustaining a 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 is devastating for everyone else. going to take a whole lot of effort to try to drive these basic human emotions out of people's heads. and we see it today in policy for a major for example in the attack on social security. social security is based on a principle it's based on a principle of solidarity so terry it is 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. one of the ways is defunding it you want to destroy some system 1st defund it. then it will work people be angry they want something else that's a standard technique for. privatizing some 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 or 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 the fifty's and sixty's a lot of that is based on free public education. one of the results of the 2nd 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 otherwise the century got free education where it communities day or nation

regularly invest substantial share that resources in education the investment invariably it returned and 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 2 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 have to go into a corporate law firm a tip. you know if there's dead by the time you're part of the culture you are going to get out of it and that's true.

so what is it calling the coin is magic internet the new type of digital currency essential lies digital scarcity chancellor i'm bringing a 2nd bailout for a bank that's called the genesis blog for reasons to coin 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 it's 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 to the max and stacey. this is the follow through a period of sort of the orbit see whether it's just pushed right if. you will well to the minute that it was and i go to the. moon is its appeal to.

all of the good of the team you know that all you want to go to but you have an enemy that is said to. me that you all know paul. enough well it was pretty good way to lose a room full of what used to which could go up and only then will. i come in. here or do you leave the room you're going to you know did you storm the lead here sort of my look from moods submersion or did in the clue which are coconspirators some are good. so what we've got to do is identify the threats that we have. it's crazy one foundation let it be an arms race is often spanning dramatic development only a silly i'm going to resist i don't see how that strategy will be successful very

chaotic at a time time to just sit down and talk. in the 1950 s. it was a much poorer society today but no the us could easily handle centrally free mass higher education today a much richer society kline's dozen of the resources for. that just was going on right before our eyes and it's the a general attack on the principles that i mean not only are they humane they're the basis of the prosperity and health of this society.

if you look over the history of regulation say a 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 1970 s. is lobbying as the business world moved sharply to try to control legislation. business where it 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 a. lobbying sharply to 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 crashes. and it goes on 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 wan and one half $1000000000.00 all of this is quite safe as long as you know the government's going to come to a rescue so it takes a reagan instead of letting them pay the cost break and build out the banks like continental the biggest bail out 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 $300.00 in a diary for a very fair lady $199.00 regulation with us dismantled to separate commercial banks from investment banks. and 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 f. green $1000000000.00 more to sail out could get much bigger than billing even in

troubles for the u.s. economy. and they're building up the next term. a b. each time the taxpayer is called on to bail out 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 a 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

looked at stiglitz paul krugman others and 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 opposite set of rules for the poor. and nothing surprising about this exactly the dynamics you expect if the population

allows it to proceed just 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 2009 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 14th 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 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 their

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 is kind of rages so they get got personal rights back about a century ago and that extended through the 20th 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 well the notion of person was expanded to include corporations it was also restricted if you take the 14th 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 a super powerful person this perversion of the young elementary morality and the obvious meaning of the law is quite incredible. in the 1970 s. the courts decided that money is a form of speech. but the 1st value and then you won through the years to citizens united which says that the right of free speech of corporations namely spend as much money they want can't 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 we'll look after all the c.b.s. has given freedom of speech there are corp why shouldn't general electric be free to spend as much when is that want. i mean it's true that c.b.s. has given freedom of speech but they're supposed to be performing a public service that's why 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. sitting 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. after the previous stage of my career was over everyone wondered what i was going to do next that the ball different clubs on one hand it is logical to stay in a home field where everything is familiar on the other i wanted a new challenge and a fresh perspective i'm used to surprising and i saw one on t.v. . i'm going to talk about football not the moral thing to think i was going to go. by the way ways of that slide here. is this is a stick for the water bottle found in the stomach of the fish the brand is sponsor of the coca-cola company which sells millions of bottles of soda every day the idea

was that let's tell consumers they're the bad ones they're the litterbugs or throwing us away industries should be playing for. all this ways the company has long promised to reuse the plastic. seats to cookouts those exposed so. that soon school sets for something their classes kristie stay close to all my end are you staying at a special projects funded me. on i'm your best bet is the end of a footy team the fun out of the mountains of waste only grow. what politicians do sometimes. they put themselves on the line and they get accepted or rejected. so when you want to be president i'm sure. some people want to. have to go right to beatrice to see what before 3 in the morning can't be good

. i'm interested always in the waters about how. this should. end up just to see on his attorney one name for you. going to one who was a little bit. you know which of the it was a real you got a game you have to you know you get up and usually goes to know people you see posting that's been made we could see that it was pretty. good. and that's the ticket. if you ask if that's the finish that you give us. during the great depression which i'm old must remember there was and most of my

family were unemployed working class and it wasn't it was bed you know much worse objective listen today but there was an expert. taishan the things are going to get better. there was a real sense of hopefulness there isn't today today's america was shaped by the 10 principles of concentration of wealth and power. reduced democracy attack solo doubt engineer elections manufacture consent and other principle holds according to no on. one set of rules for the rich opposite. that's what happens when you put her into the hands of narrows. wilf which is dedicated to increasing power for just as you'd expect one of the most influential intellectuals of our time speaks about the modern civilization of

america. with coal make it manufacture consent instead of public wealth. when the ruling classes protect themselves. with the final merry go round be the one percent. we can all middle of the room sick.

in the headlines this morning the war on whistleblowers continues the u.s. charges a former intelligence analyst under the espionage act alleging he leaked classified information about washington's drone led assassination program to the media. coming up to european leaders over the process that will determine who takes over as the commission president. respond to donald trump's decision to a further $300000000000.00 worth of imports from china marking another trade war escalation.