if something else that they were of to everybody's scared to talk about is survival is truly dependent on us addressing this issue and if we can even talk about it and we can even have a conversation about it then. we're in trouble. ready is this is a sticker from the water bottle phone in the stomach of the 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 the company has long promised to reuse the plastic. until she often has the seeds to cook at soon 6 feet so i'm a little curious that sings will settle something there's less secrecy tchaikovsky on my end on a day when you don't lose at a special projects funded he doesn't have on time for old read on line you guessed

that is the end of it for the t.v. 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 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 of american history. but history find it more closely the 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 of ill rather similar to this. now this period 6 tree because if you

look at their wealth distribution the inequality mostly comes from super wealthy. 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 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 chord. 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 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. he 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 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'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 wealthy are their 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 hear 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. is. of all of them the best is democracy and at any point said exactly the flaws that medicine put it. 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 to 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 democratizing tendency that's mostly coming from the population pressure from below and you get these constant battle going on periods or aggression periods of progress in 1906 for example were a period of significant democratization. sectors in the fucking lation that were usually passive apis it became organized active story pressing their demand. and they became more and more involved in decision making and their wisdom and so

on. it just changed consciousness and always. ready minority rights. we don't want. women's rights. or. concerns of the. american as. they say boring of mankind seeking to provide a position to creation through to those who criticize us on the descent they are serious about lawn on the provider of the vietnamese people black people and what people can turn for other people 1. 1000000 poor people in

america when you begin. to reason. the system of distribution of wealth the question of research. american society these are all symbolizing to say. that cause 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.

that. there was a bit like going to get. a. well you know the fire thing we've kind of adopted because we were called pirates for so long. i mean they're in the smaller boats next to the harp on ships and it's still a. lot tougher than. the little self to be told

fish already 90 percent of the dot and it won't become their. conduct 15 scoops $75.00 tons and they do it several times a day with a big fleet so now you get an idea right ocean which. we have to understand we can not stay still and just. be within this oh he does feel me going to the arms. i'm doing this because i want the future world to future generations to have and enjoy the ocean how we have. today there are good dentists and bad that is the bad news in the end then the

united states deems to be a threat the good those who work in syria the cia and the u.s. military were engaged in covert actions really throughout the world. where they were assassinating populist leaders they were backing up right away military windows funding an army. and that's why there is no and because there's always a small. really good. for profit. and 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 then 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 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 their flavors indicated by the fact that they pretty much staff the corridor ministration. and they were also called. democratizing tendencies of the sixty's and so we have to react to that. they were concerned that there was an excess of democracy 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 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 university 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 led to you know flub is good by campaigns to if the executive make decisions that's fine but it's the rest of 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 1907 days 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 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 has 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 bank savings to productive activity by far one had on hand money. holders and the monitor on the back of the reserve bank can. be highly providing an. auditing money on banker of the community by making. money for a manufacturer and i mean i'm going. to enlarge them remodel her arm and her money

on a good reason why people are always needing more 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 for risk investment practices the good arm private people. there had been remember no financial crashes during the period of regulation by the 1970 s. that changed. the story getting the huge increase in the flows of speculative capital just astronomically increased and 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 and 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 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 a complicated ways and it's very unclear that they're doing anything that sort 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. spent 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 move but chattel can 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 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 their job. he has played the dominant role workers and secured are going to be under control. they are not going to ask for say decent wages were a decent working conditions or the opportunity to free association meaning unions. for the masters of mankind that's fine they make 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.

oh. and very well might continue watching on since last. match kaiser financial survival guide stacey let's learn about the bailout let's say i'm not sure i get. the fight 9 well straight pride thank you for.

the story that's right. slavery. she stressed to make sure that the british and the bill of the. us to. stop the shah was still here she needs to face charges she's a cia bush quite a long. time man i know what you've seen and i must get your current man for sure i. want to talk to you so if you're my it's your bonus for should be. there mr ellsworth support of the. spirit of earth for this interview but you believe that it's

a studio actually that person has to be vocal or should stop him spitting. in some of the top stories in the last 7 days with the united states could potentially be smuggling tons of weapons and ammunition that ends up with militants in the middle east according to leaked documents obtained by gary and jim i have a baby right behind you and. they are. britain's prime minister to look weak suffering a string of humiliating defeat so there's no deal breaks in a genuine. prime minister should simply follow his convictions on a resigned. there's only one car in the kids that i can see these.