tv Documentary RT November 3, 2019 9:30pm-10:01pm EST
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the american dream mike many ideals was partly symbolic but partly real so in the 1950 s. and sixty's it was. 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 improve 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.
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was. primarily a manufacturing center it had to be concerned with its own consumers here famously henry ford raise the salary of his workers who would be able to buy cars. when you're moving into an international tunnel me as the banks like to 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 product anyway at least on a major basis. your goals or profit in next quarter even it if it's based on financial manipulation. high salary high bonuses produce overseas if you have to and produce for the wealthy classes here and their counterparts abroad what about the rest well there's a term. coming in to use for them to as they're called the precarious. precarious
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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 simply taxes on wealthier 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.
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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 rich. 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 they have to keep alive so they spend their incomes that stimulates production and stimulates investment that leads to job growth and so much. 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
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money coming out of their pocket. so in fact general electric are paying 0 taxes and have enormous profits let them take the profits somewhere else or go for 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
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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 got to be for yourself father while maxon don't care about others which is ok for the rich and powerful but it is devastating for everyone else. and it's taken a lot of effort to try to drive these basic human emotions out of people's heads. and we see it today in policy for major for example in the attack on social security. social security is based on a principle it's based on a principle of solidarity saw bury it in caring for others. a social security means i pay payroll taxes so that the widow across town
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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. and 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 them privatizing exam 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 their 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.
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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 in the great chris period the fifty's and sixty's a lot of that is based on free public education. and 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 do otherwise of the century got free education where a community is date or nation regularly and best substantial share of it resources in education the investment invariably it returned in better business and
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a higher standard of living us 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 tuitions 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 debt 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 to. pay off those debts by the time you're part of the culture you know you are going to get out of it again and that's true cross the board.
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play. list. and very well mark until you want to not since last. you know we all take the language that we speak for granted it's like the air that we breathe we don't know what is said and the fact most of us believe that we simply perceive reality the way that it is in fact we know it through many years of psychological experiments that that's very far from the truth we don't see things just the way that they are instead the world that we internal world leave that is highly constructed by the structures of our brains but also by the structures
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around languages and cultures that tell us how to put things together. thousands of american men and women choose just sort of a country's military decision. every thing came to a complete. the day that i was right. you know told a short while to kill me and i see how would destroy. any screamed at me and he made me come in and you graham my own arm and he write me. if you take into account that women don't report because of the extreme retaliation and it's probably somewhere near about half a 1000000 women have now been sexually assaulted in the us military rape is a very very traumatizing thing tat happen but i've never seen trauma like i've seen from women who are veterans who have suffered military sexual trauma reporting rape
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is more likely to get the victim punished don't be offended and almost 20 year career or chose very invested in and i gave the sex offender who was not even put to justice or put on the road a story this is simply an issue of tower and violence male sexual predators for the large part of target whoever is there to prey upon whether that's a man or woman. in the 1950 s. it was a much poorer society in the news today but nevertheless could easily and will centrally free mass higher education and today a much richer society claims dozen of the resources for. that said just what's going on right before our eyes and it's the
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a general attack on the principles that and that i mean not only are they humane and they're the basis of the prosperity and health of this society. if you look over the history of regulation say the 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
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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 world was pretty upset by the advances in
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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 it. lobbying sharply increase deregulation began with a rule for us if. 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
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more pressures. that 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 want and want to have a $1000000000.00 and all of this is quite safe as long as you know the government's going to come to rescue so takes a reagan instead of letting them pay the cost break and build out the banks like continental the biggest bailout 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 family that he handed it in a diary saving a fair lady and $999.00 regulation but it's dismantled to separate commercial banks from investment banks. and then come see bush and obama bill and bear
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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 asked for a total i mean $1000000.00 more to sail out could get much bigger billing even in troubles for the u.s. economy. and they're building up the next term. b. each time the taxpayer is called on to bail out of 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 to capitalist system they want to be able
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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 like just stiglitz paul krugman others 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 the haven't. been well for the poor let market principles prevail don't expect any help from the government the government the problem not the solution and so on that's essentially neo liberalism
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and it's as if his dual character which goes right back in economic history one set of rules for the rich office etc rules for the poor. and nothing surprising about this exactly the dynamics you expect if the population allows it to proceed she's 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
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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've 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
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law. and the intent clearly was to protect freed slaves said ok they have 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
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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
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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 well look this role and c.b.s. is given freedom of speech there are a corporation why shouldn't general electric be free to spend as much when it is they 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 in general electric is trying to make money for the chief executive some of the shareholders.
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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 justice are put in by reactionary presidents who get in there because they're funded by business and that's the way the cycle works. and we're going to fulfill the repeated promises. to the people and promise to be you know we've all been. pretty.
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pretty good. now you want to. know. all. i can link out my young. imagine being 635 and you have a career and career involves using your i phone in your computer and things like that being in an office and perhaps you sort of getting headaches or kids. are going to have to stop doing all this i mean this is kind of you lou the minutes must be frightening my world became smaller and smaller and smaller until i ended up learning it in a box. very strong magnetic field held in my head.
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think of it like a real hard pressure my skin burned and that wireless access point there just continues on saying with our students in the schools. we are just continually baiting our citizens in this microwave radiation it is certainly electro small and it's getting worse. than others financial for one jot that it was all about money laundering 1st to visit the specialist 3 different. oh good this is a good start well we have our 3 banks all set up maybe something in your something in america something overseas or the cayman islands or do we do all these banks are complicit in their tough talk received a softer deal with all that say hey i'm ready to do some serious wounds ok let's see how we did while we've got a look at a nice luxury watch for max and for stacy oh beautiful jewelry how about.
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again hey you know what money laundering is highly illegal if you watch kaiser of course. if. there are good terrorists and bad that is the bad news in yemen the united states deems to be a threat to look at those award 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 right away military windows funding an army death squads there's no posts anymore because there's always a small. one really could this. profit. flow
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died like a dog he died like a coward in the stories that shaped the week donald trump announces the death of the islamic state a leader in syria we compare the raid against baghdad to the operation that killed bin laden. brags it is delayed it yet again the end of u.k. is heading for an early general election widely seen as another referendum on leaving the e.u. . and an american journalist claims political persecution after his arrest for an alleged assault by women told r.t. he is being targeted for reporting on venezuelan opposition violence. we have been at the forefront of exposing the us against venezuela and now they're trying to steal my freedom.
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