talking surprises which was more me talking i mean the wars. which was a surprise for me i was on the console all of them but that's for well because these are media people become different they're go also all of the above that for well because these are media people become different they're go kind so no need to trouble myself about it oxo i wasn't ready for a crime so no need to trouble myself about it oxo i wasn't ready for the magnitude of things happening that's when they began to have a little bit magnitude of things happening that when they began to happen it wasn't the spine that side was it as efficiently as was responding to it that society as it is was ready to react to what it sees as a monthly or done job in the attempt to what it sees as a monthly or been done job. and

a very warm welcome to you what a nice and. safe. and very warm welcome to you you're watching us and. see.

during the great depression which i'm old enough to remember there was. 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 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 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. better . there was a real sense of hopefulness there isn't today. anything qualified it only believes it is this is. really really really unprecedented and

pretty depressed i'm sitting and i'm sure that total inequality is like the worst periods in american history. total inequality it's like the worst periods of american history. but history find it more closely and be any more equality slightly different from the end of equality street come dreams from the wealthy extreme wealth in a tiny sector of the population fraction of one percent. there were periods like the gilded age. in a tiny sector the population fraction of one percent. there were periods like the gilded age in the 20 days until the early ninety's and

so on win win situation in a situation of a bill with a similar to the demeanor of this. other spirits' 6 year 3 sick crew if you look at their web because if you look at their wealth distribution the inequality mostly comes from distribution to inequality mostly comes from super wealth. super wealth. literally the top 110th of pearlie that are just some super wealthy. or just super wealthy. know if that is awesome if such trick seems truly remember just i'm still just that specific. inequality inequality has really negative consequences on the so is a whole. highly negative consequences on the so is

a whole. because the very fact of inequality has a corrosive harmful effect because the very fact of inequality has a corrosive harmful effect. to open by talk by talk about it the american the american dream. or part of the american dream is class mean deluded it will encourage to work or to get rich the american dream is close mean diluting it will encourage you work or get rich it was possible for a worker to get a decent job i had. it was possible for a worker to get a decent job. at a core of children to school. to the core of children to school. to

a collapse. collapse. imagine yourself in an outside position looking for money imagine yourself in an outside position looking for mars. bars sick day you. would be sick be.

in in the united states would stay there it's when there are professed. like like democracy. in. iraq or. in

a democracy public opinion is going to have some influence on posse. or c. public opinion is going to have some influence on policy. and then the government carries. and then the government carries out actions determined by the population and that's what democracy means doubt actions determined by the population and that's what democracy means. and. it's important. it's important to understand that privileged and powerful sectors have never liked to understand the privileged and powerful sectors have never like democracy and for very good reason. democracy put out democracy and for very good reason. democracy puts power into the

hands of the general population and takes it away from them or into the hands of the general population and takes it away from them. and it's kind of the principle of trade. and it's kind of the principle of concentration of wealth and power. concentration of wealth yields concentration of power. concentration of wealth yields concentration of power particularly so as the cost of election percentage of

disco as the iraqi courts must have a collection of goods skyrockets which kind of forces the political party which isn't the kind of force as the party gets political make larger bodyguards and for additionally the pockets of major corporations. and this political power quickly translates into lives. and this political power quickly translates into legislation that increases the concentration of wealth. so fiscal postulation that increases the concentration of wealth so fiscal policy so you look at ex-pats box office c.e.o.'s see it. do you have a great do you could regulation lation. burford government corporate sorts of government wholesale whole world variety of measures manager. political measures designed to increase the concentration of wealth and power which in turn

to yield more political power do the same thing. political measures designed to increase the concentration of wealth and power which in turn to yield more political power do the same thing. and that's what we've been seeing. and that's what we've been seeing. so we have this kind of vicious cycle in progress. so we have this kind of vicious cycle in progress. you know actually it is so traditional that it was described by adam smith you know actually it is so traditional that it was described by adam smith in 1776 he read the famous wealth of nations. in 1776 he read the famous wealth of nations.

he says in england the. he says in england the principal architects of policy by the people on the society in his day merchants and principal architects of policy by the people on the society in his day merchants and manufacturers benefit and act natural to make sure a bit of their own. trip risk and they make sure that their own interests are very well cared for however great is their back that very it will cared for however grievous the impact on the people of england or of the people they include and or there is. now it's not a merger of manufacturers it's a mental institution or to the national defense or preparation or is its financial

institution multinational corporations the people who adam smith told the masters of measurements the people who adam smith told the masters of mankind and guy and there are few in there of the football i want on that looks of what i am well my hopes for embers settle all for ourselves and nothing for anyone else and nothing for anyone. that. they're just going to pursue policies that benefit them and harm everyone else. and anyone 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. absence of a general popular reaction that's pretty much what you'd expect. right

through american history there's been a. great club through american history there's been an ongoing clash between. pressure for more freedom in the match between. pressure for more freedom and democracy coming from below and efforts that elite conquer see coming from below and efforts that elite control and domination coming from above. and trolling domination coming from above. goes back to the founding of the country. goes back to the founding of the country

. james madison the main framer who. james madison the main framer who was as much of a believer as is ox much of her so the ability for and soon to be any preceding but as i see anybody were in the before of it old baby that they nevertheless felt that the united states system should be designed and indeed nevertheless felt that the united states system should be designed and indeed with his initiative was designed with it is in a passion if howard was diversions or should i be here next hand says it's of the power should be in the hands of the wealthy. because the wealthy are there who will spy on the will submit a committee can boast the whip filthier the more responsible set of men and therefore the structure of the 4 most system plan they said there before 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 most power in the hands of the senate or the senate was not elected in those days it was select from the wealthy men as madison put it had since it was select from the wealthy men as madison put it had sympathy for property owners in their right. to see for property owners in their right. if you read the debates at the constitutional convention. madison's if you read the debates at the constitutional convention. madison the major concern is that the as a society or canadians are hers to have the ability to sight impaired to take this to be me and to partake and feel them they are already of the opulent against the majority appealing to. earth.

and here are. humans pose as one had to put those areas when a friend of a tree. is a 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 you can't have that it 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 you can't have that so therefore the constitutional system has to be set up to prevent democracy so therefore the constitutional system has to be set up to prevent democracy.

to some issues into centrism interests that did. this just in the bay state a big 8 as a hari tradition goes back to the 1st major book on political systems as the troubles are just polish and goes back to the 1st major book on political systems aristotle's politics. he says of all of them the best is democrates. he says of all of them the best is do not. or c at any point out exactly the floor that medicine put it out or see at any point out exactly the floor that medicine put it out. if absent were the markers. if absent were a democracy for free men the poor would get together and take over the property the rich. well same dilemma they had opposite solutions aristotle for the for free man the poor would get together and take away the property the rich. well same

dilemma they had opposite solutions aristotle proposed what we would nowadays call a welfare state and try to reduce inequality posed what we would nowadays call a welfare state is a try to reduce inequality. so same problem absent solution to sit in one ear i was going to use any i qualified it solutions one is reduce inequality will have this problem and the other is reduced democracy. b. will have this problem and the other is reduced democracy. if you if you look at the history of the data and its states it is

a constant struggle struggle between the tweenies to at least headed in the tendencies. at the moment the margaret dr dies in 10 tendons and then see that is that much mostly come flowing from the pack up in english and the lation a pressure from the pressure of her from the l. and o. you get it it is and you can get this constant battle going on up counters are clear action is your progression periods of progress. in 1906 for example were a period of syria gift of progress in 1906 for example were a period of significant democratization. taken democratization.

search and there's a thought that the lation should. usually be. your sort of truly passive and the city became organized active started pressing their demand to have a city it became organized active started pressing their demands. and they became they became are in for more work to involve getting to do business even social make it activism and so on and. it is just change the country consciousness and dishonest ways and.

nerdy. minorities in the. region why are out. why do. they need money. when the mystery. well if we had women's rights to come in this station. if we can come in this station. if we force it to say. yes in terms of the army you think it's a point. in terms of the army you think that america is a day set aside and i say boring of america is

a day set aside and i say boring of my own seeking that's all survival of the solution to krishna and i'm free god i was seeking that's all survive this issue of creation i'm free to those who criticize us on a militant leaders understand. the abundance if you're serious about lawn the office of not lawn on the bridge provided in the vietnamese people for our own chris provided in the vietnamese people for our own black people and for our own market people in power are looking for concern for other people one day we must ask the question wow looking for a turn for other people one day we must ask a question on 40000000 poor people in america when you begin that process on 40000000 poor people in america when you begin to ask that person a reasonable person amounts to the system about a broader distribution of what the reason a person amounts to the system about

a broader distribution of wealth the question of restructuring. since the sound the question of restructuring. since this time these are all symbolizing. these are all symbolizing it's a. great fear. that caused great fear.

he. should have. the power. of the earth. not to the civilizing effects of the sixty's i did not anticipate. the reaction to it anticipate. the reaction to it. the backlash. the backlash.

believing in weird things by the way is called super. magic legal to me thinking and with the things by the way is called superstition or magical thinking believe the league weird things like that he had his name not. just. a bug in the system it's a feature comms equipped in the software of our program to try and get a grip in the software of our program mean to try to connect things in the environment just in case there's a real connection. connect things in the environment just in case there's a real connection.

in this. walk outside and. except. for union said yes solves. the rational a self. a self. desire for love need to. those that are love need to. not. cause i'm not. dumb the pool. my pizza luck

is pulled. up my pizza luck is the full video from chill of the systems that i'm sure the solicited system. the systems that i'm sure the solicited system was a bill in co yes my small fortune in that again do you get a bill in co. small fortune in that into your good. fortune for the automobile out of both things. and move forward but you're the envy of maybe a lot of authors. more than any of sorts of such fun than that and i thank you so.

what politicians do something that. politicians do something to. put themselves on the line to get accepted or rejected. to put themselves on the line to get accepted or rejected. so when you want to be president or injury. or somehow want to be. so when you want to be president or injury. or somehow want to be honest. it's a delight to be cross as a white woman for scripts. that's a right to be for us as a white woman for freedom or can't be good that i'm interested always in the boy because it can't be good that i'm interested always in the laws of my house.

as i said. there has been. there has been an enormous concentrated coordinated business offensive an enormous concentrated coordinated business offensive beginning in the seventy's to try to beat back the egalitarian efforts that inning in the seventy's to try to beat back the egalitarian efforts that went right through the next 16 years and you see you didn't see many readers but i met 10 years or so and over in the er and right over on the right you see it in things like you see it like in the things like famous

like the power all men famous or a band helmet and that. sent to the chamber of commerce major businesses. say to the chamber of commerce major business lobby but later supreme court justice powell more spending the. dreaded businesses will pollute no warning that business is losing control over the society. and being control over the society. and something has to be done but not been the counter counter these fees for subsidies. krib secret which she did put in terms of some to verify the defense of the defense just defending ourselves against else that was out going to its power set out.

if you look at it. if you look at it it's a call for business to you for business news contributor reserves or to care for hanna and trader for over resources to carry out a major offensive to beat back this democratizing wave and to beat back this democratizing wave. around the world around liberal liberals and in the subject isn't exactly simply some of them are the beef 1st the to leave 1st major report or advocate of the major report of the trial lateral commission is concerned with this. well that at

creditor all commission is concerned with this. goal the crisis of democracy. trilateral commission is liberal internationalists of democracy. trilateral commission is liberal internationalists in their flavors indicated by the fact that they pretty much staff the carter list in their flavors indicated by the fact that they pretty much staff the carter administration. ministration. and they were also told that democratizing tendencies early sixty's and they were also told that democratizing tendencies early sixty's and so we have to react to it. they were concerned that there was an echo we have to react to it. they were concerned that there was an excess of democracy developing. excess. of to knock or see

developing. previously passive and obedient parts of previously passive and obedient parts of the population are sometimes called the special interests who are beginning to organize and elation are sometimes called the special interests who are beginning to organize and try to enter the political arena and they sell it at that but that imposes to miss it to impress her arms too much pressure on the state can't deal with all these pressures so therefore they have to return to state it can't deal with all these pressures so therefore they have to return to the city and become the politicised. and they were prepared to a city become the politicized. and they were particularly concerned to and could listen to what was and simply turn to you and he was a fool who was happening to be helpful in getting into proof pretend in the beyond

penn people are getting too free and independent. in the way they put it that is a fit in here on the face here just on the part of the schools schools that you know who else is the 1st she heard her teacher is instructed to use the engines or institution is responsible for the indoctrination of the young there for a policeman but dr mcdreamy should you care for it is not mine. if you look at their stuff. if you look at their study there's one is worse when it in intermarriage than ever met and pretty but that isn't used for right that is and that's i mean it's and it's and that makes sense they're not special interest they're the national interest. kind of by definition

so they're ok they're not special interests they're the national interest kind of by definition so they're ok they're allowed to you know have lobbyists added by campaign staff the executive make decisions that's fine but it's the rest of the special interest the general parallel of the you know have lobbyists and by campaign staff the executive make decisions that's fine but it's the rest of the special interest the general population who have to be simply to. be lation who have to be a subdued. one that's the specter it's the theological akhil let's the office of the ballot or it's the kind of ideological level of the backlash but made sure that the shut with

i'm a change was are in peril cloak is a show with which i was in peril if this. was just redesigning the economy but just be that it's not. since the 1970 is there's been a concerted it since the 1970 is there's been a concerted effort on the part of part of the mast masters of management command kind by and the owners and there's plenty and think to shift the economy in 2 crucial respects one. to shift the economy in 2 crucial

respects one to increase the role of financial institutions bank to increase the role of financial institutions banks investment firms and so on insurance companies. seems as been terms and so on insurance companies. but i buy some state 7 to 7 separate and if the liberated rates crayfish or to let it as they age correct head should look they were heavily at the floor to get early present of course for a 40 proper set of corporate left but. far beyond anything in the past. far beyond anything in the past.

back in the 1950 s. as for many years before. back in the 1950 s. as for many years before the united states economy was based largely on production . in the united states and its state economy was based largely on production. in the united states and he was an elite be my great and if manufacturing center that was enrolled the. financial institutions usually ends up to. be what it was duly to be so the most part of the relative comfort on a small part of the come on enemy there and their tech has acid to screw with a business trip to do i knew it was a staff does it stress like to be afraid. and you don't use tacit slick's bank

savings to productive activity in a bank are with the reserve the imams to productive activity in a bank are one had on hand a reserve of money received from the holders and the monitor on the back of the cash reserve a bank can create granted money received could become the own holders and be monitored on i know matters of these cash reserve. bank account and create granted in a place called want to be tied on providing an. awning money to banking community by manc maker of. the many. many purposes for many of you were to leave and were made around in during a time you were going to be kind of money and they were all during my coming period and want to enlarge tired hungry my model out on his own arm and amount of money on another 100 reasons why people are always needing needing more by morning i mean

money out of me and they haven't let me have any employee of it. that took that country to contributions in the economy. is good so it's a very very system goes a step up blish the banks were regulated the commercial investment banks perceptions were eager to break it lead to the commercial investment banks were separated to back to back very rich dispersed in a religious contract the system presents the disappearance the credit our people the beat people. there had been remember no financial crashes during the period there had been remember no financial crashes during the period of regulation by the 1970 s. that changed. a bit of regulation by the 1970 s. that changed.

he started getting that huge and. he started getting that huge increase in the flows of speculative capital just astronomical increase increase in the flows of speculative capital just esther unlikely increase an enormous changes in the financial sector from traditional banks to risky and the norm is changes in the financial sector from traditional banks to risky investments. complex financial instruments money manipulate assessments. complex financial instruments money manipulations and so on increasingly the business of the country isn't its own increasingly the business of the country isn't production at least not here.

the primary business of production at least not here. the primary business here is business. you can even see it in the choice of directors is 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 sick 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 f.t.'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 mighty maybe industrial management more recently the directorship in the top managerial positions or people who came out of business schools learned finance in the top managerial positions or people who came out of business schools learned financial.

trickery of various kinds and so on. by the natural trickery of various kinds and so on. by the 1970 s. sage an outlet and skills haven't made it so much surprised nationally but true it makes me think you're in for a smash it might be playing games with money then you could do so in a needy couldn't it's state but i produced it need not state it. to remember or that we have to remember all of it i can get your substantial electric is substantially a financial institution today that makes half its profits just by lee a financial institution today that 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 that's moving money around and

complicated ways and it's very unclear that they're doing anything that's value to the economy. so that's one phenomena let's go financial ization of the economy. go financial ization of the economy. going along with that is the old jury going to prevent a lynch mob with that. during production. trade

. it was traded sister attempted was 3 can correct it was a it was a very very serious explicit place it design of putting working people in competition with one another all sit design all over with who were putting working people in cup competition with what they are and what it's led to is riddled out of the world shit. and what it's led to is a reduction in the share of income on the part of working people and in the share of income on the part of working people. and particularly striking in it's been pitched to fail is to try to take every inning and we're able to put happening worldwide that means that an american workers in competition with super exploited worker it means that an american workers in competition with super exploited worker in china. meanwhile highly paid for in china.

meanwhile highly paid professionals are protected they're not placed in competition with the rest of the world fashionables 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 little far from it and of course a capitalist free to move a workers are free to move labor can work but cherry about middle can who've played well jail again move but chattel can well again going back to the classics like adam smith as he pointed out from going back to the classics like adam smith as he pointed out free circulation of labor is the foundation of any free trade circulation of labor is the foundation of any free trade system but workers are pretty much stuck the wealthy. in the privileged but workers are pretty much stuck

the wealthy and the privileged are protected so you get obvious consequences and they're recognized in fact checked in so you get obvious consequences and they're recognized in fact praised. us can see it just isn't done. to help increase aussies interest care is done by now i'm pretty immune krispies and since. alan greenspan when he testified to conquers he explained his success in running the when he testified to congress he explained his success in running the economy as based on what he called greater worker insecurity economy as based on what he called creator worker insecurity. to typical resource for spring break dot com come

come compensation increases has his base has been evident every critic for a few years but as i outlined in some detail in testimony last month 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. i believe that job insecurity has played the dominant role workers in security are going to be under control. they're not going to hers in security they're going to be under control. they're not going to ask for say decent wages were a decent working conditions to ask for say decent wages were a decent working conditions or the opportunity to free association meaning unionized. or the opportunity to free association meaning unionized. now for the masters of mankind that's fine they've made to their profits.

it's true the population it's. true the population it's. move these 2 processes. to proceed. sure are part of what led to the vicious cycle of. vicious cycle of concentration of concentration of power. there was a lot of problems with. there was

a lot of problems with. dumping stocks right after the i.p.o. . period. right after the i.p.o. . period to force people. to stay on. make sure people keep. on. make sure this thing gets out of the gate without too many problems. out of the gate without too many problems. being a primary the founder. we work. the founder. was. almost a $1000000000.00 for the i.p.o. . almost a $1000000000.00 for the i.p.o. .

cooked additional subversive note of what was and gets up to linger some he says you just do it your old busted so i know what does and gets up to linger some he says you just do it you're all going it's nice to know i. was doing it. and it's nice to know. you're going to continue swinging when you can be on the shelf to put you in if you can also post here. look at the showing of the where it's going to last when the church. he's like a pickle ship movie you have the same sort of. look with a showing at the scully saying is lost when the church. he's like a pickle ship movie you're pushing 30. vote total much not sure ship you can.

get me up and up and money lost in. the book the book is the work of the books and your book. quote we could lose the book you know i feel you know what that much still to say no i don't know what that. will fulfill. my faith was the latest news in the put us. at arsenal what was the latest news in the puss. boys and i'm all right so you have put on the presenters and so forth right so yes that's probably just what's going to do so. little fish through the summer in the store oh yeah the soulful. lyricist through the summer in the store oh yeah the soulful.

piece of physical. we. we sure are talking surprises which was a surprise for me i was as a. surprise for me i was on the console all along but the thought well this is these are media people they come to from their own kind so no need for it well because these are media people become to from their own kind so no need to trouble myself about it so i wasn't ready for the magnets you need to trouble myself about it so i wasn't ready for the magnitude of things happening that when they began to happen it was in the spine that all things happening that's when they began to happen it was the spine that the society as it is was reading. society as it is was reading. what it sees

a 1000 times we're done just what it seems these doesn't constitute a certain dungeon got. nothing. to do. with snuff election on the way. we're going snuff election on the way and a briggs if extension of the public and finally starts to talk about the other things we end up briggs if extension of the public and family starts to talk about

other things. the minister and the leader of the opposition. position clashing over everything from russia to u.s. designs on the. designs on the. 20 to 20 presidential council. and this is. the still undecided you know something you can do to. get. out of office. because there's a lot of confusion with the democrats and they're not really thank you 9 together to make one stronger. thank you 19 together to make one strong candidate.