this is a sticker from the water bottle phone in the stomach of a fish the brand is part of the coca-cola company which sells millions of bottles of soda every day the idea was that let's tell consumers there are the bad was there the litter bugs are throwing this away industry should be blamed for all of this waste to company has long promised to reuse the plastic. as it sits to look at soon 6 feet doesn't fundamentally that sings we'll settle some of their classes because it's a costly on land on a per day when you don't want that special projects funded he doesn't have on time or 3 online your best bet is the end of it for the city but for now the mountains of waste only grow higher.

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 that's like the worst periods of american history. but if you're trying 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 and the early ninety's and so on when a situation developed by the similar to this. now this period 6 trillion 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 wealthy. not only is it extremely unjust in itself.

inequality has highly negative consequences on the 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. get rich 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 reason. democracy 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 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 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 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 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 horrid 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 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 or settle for posed what we would nowadays call a welfare state to try to reduce inequality. so the same problem absent solutions one is reduce inequality will have this problem and the other is reduced monikers. 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 this constant battle going on periods regression periods of progress in 1906 for example were

a period of significant democratization. sectors of the folk elation that were usually passive apis it became organized active story pressing their demands. and they became more and more involved in decision making activism and so on. they just changed consciousness and always. minority rights. we don't want our.

women's rights. if we force it's a. concern for the. american as. they say or i give my own safety that's survival position to creation through did i was criticized as. serious about lawn on the provider of the vietnamese people black people and people concerned for other people 1. 1000000 poor people in america when you begin. to reason. the system of distribution of wealth. research. american society these are all symbolizing that 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. i was brought down from london how did.

i do because. i was good. says she stressed to make sure that the bush at the bill of it will. stop question was so huge she didn't taste good to see me so i pushed. to which she does have time and i know what you mean in a response to trick or moment for sure i. want to go to the show through my if you're going to be. there mr hazlewood supporters are still with them to the

spirit of christmas and to be arguable that the it's a studio actually the 1st person to be vocal or should step up and speak. expressed. to. me. we hear. i believe jason pugh it was an important accomplishment of diplomacy. to talk about its demise but unfortunately the europeans have not been able

to put their money where their mouth is they have been stating support for the j.c. people way but they have not been prepared to take good risks to invest in order to maintain a great achievement of the polls. today there are good better s. and bad edits the bad better is that those in yemen or the united states deems to be a threat the good that it is said those a lot in syria the cia and u.s. military were engaged in covert actions really throughout the world. where they were assassinating populist leaders they were backing up the right way military juntas funding an army death squads there's not anymore because there's always

a small. or a really going. on for profit. but 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 the 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 we put 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 that this. is 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 excessive to not receive 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 and become the politicized. and they were particularly concerned with what was happening to young people and 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 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 flub is by campaign staff the executive make decisions that's fine but it's the rest of the special. as the general population who have to be a subdued. well 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 1970 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 and banks investment firms and so on insurance companies. but a 2007 break before the latest crash they had literally 40 percent of corporate profits. far beyond anything in the past. back in the 1950 s. and 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 harley. owners . on the back of them being. reserve bank can create granite call behind providing an. awning money on banks serve the community by making additional credit available for many purposes for a manufacturer and i'm even during my coming period to unlock and remodel her car and her money on a good reason why people are always needing more cramming and i have immediately available. that's a contribution to the economy. regulatory system was established banks were regulated the commercial investment banks were separated cut back her risk

investment 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 the shoe 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 because 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 then you could buy produce and 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 oh sure introduction.

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 chattel 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 there recognize . in fact praised. policy is designed to increase in security. alan greenspan 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 in some detail in testimony last month i believe that job insecurity has played the dominant role workers in security 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 fine they make their profits but for the population it's devastating. for these 2 presses financial ization and offshoring are part of what led to the vicious cycle of concentration of wealth concentration of power. said she stressed to. the so that the british wasn't at the bottom of the trap that was to. stop question was to you she then

tasted it is she's happy so i wish. you much which she never i'm not what you. can understand future. for to share. what you thought of the show through my if you're going to receive you believe you . could do mr hazlewood support of the. spirit of this interview where you put these to teach the students actually it was revoked for sure still the same speed. the temperatures are rising sea levels are rising. and there's a lot there's a few ways to play it if you want to make money on the clubs of course there's a couple of great trades on the table but without a doubt this is as we said the last generation.

i. ready ready ready ready ready am sure to stop at the continuing to grow. i just never know very good about the idea of bringing shoulder room into the world because i didn't feel like things were in very good shape that a life was just going to be a lot of software programs. there's no reason for more kids. to take things that are to me. because movie is a myth. everybody's scared to talk about it certifiable is truly dependent on us addressing this issue and if we can even talk about it and reach anyone have a conversation about it then. we're in trouble ready

. the u.s. government allows immigration services to use fake social media accounts to monitor people seeking to enter the country also in the headlines. the alternative for germany party celebrates 2 of its best local election results yet the anti immigration your skeptics coming 2nd in most brand new book and fax me . after 2 days of vigils and commemorations of the most deadly terror attacks in more russian history we speak to survivors and relatives of the victims. and iran's foreign minister tells r t why it's vital to save the nuclear deal.