the 2020 presidential campaign is beginning to look a lot like the 2016 race but this time around the insurgent is bernie sanders who is not even a member of the democratic party voters again are not interested in establishment politicians in fact they appear to be rebelling against who we see from sandra's showdown. trade and investment of become magic's bills to conjure economic development. most people think about trade they think about goods and services being exchanged between countries the investor a chapter of a trade agreement as opposed to looking very different but won't when investment leads to toxic manufacturing that destroys sacred sites or ruins the environment. that means that if local communities that are being poisoned if they have jack if they do anything that the company feels is in or up in their profits they can they

serve no multinationals are taking on the whole nations philip morris is trying to use i.s.t.'s to stop oracle from implementing new tobacco regulations aimed at cutting domestic smoking rates a fringe company sued egypt because egypt raise its minimum wage democratic choice of a trump corporate law joins us as we try to find out more knowledge of the.

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 in 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 developed by the similar to this. now this period 6 tree because if you look at their wealth distribution to any quality 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 this so it is awful. because the very fact of the equality has a corrosive harmful effect ackerson. you

open by talking about the american dream or the american dream as quest and belittle it will encourage you are chord. a ridge 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. 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. 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. 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 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 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 manderson pointed out. if absent were a democracy for free men the poor would get together and take away the property the rich. well 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 democratising 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 of the feel asia that were usually passive avocet it became organized active story pressing their demand. and they became more and more involved in decision making and activism and so on. they just changed consciousness in ways. 'd minority rights. we don't want our. women's rights. if we force it to say. in terms of the damage. in american history that.

they supplied boring of mankind seeking that's all survival position to aggression through to those who criticize us on the militancy upon descent that if they are serious about lawn on the provider of the vietnamese people black people and people can turn for other people 1. 1000000 poor people in america when you begin. to reason across. the system of distribution of wealth the question of restructuring the american society these are all symbolizing say. that cause great fear.

i hadn't. anticipated the power of a should have but it didn't then to spit 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. the state television propaganda machine propaganda outlet propaganda tools we are getting information. you can change the world. you tube videos the sleepless night shift today it's a long nap. but your brush is russia russia and russia today is. the only theory that will actually lose their

shirts a bit and i really have to join to see you then on our team. were so proud and still. are just getting the number. why have you not shut down our t.v. on you tube it's a propaganda machine mr walker. we don't want the winds empty plaza with a with an axis and the monument we want to kind of was an urban bus of streets filled with events with the theater with its spaces conference centers maybe i love going to conferences and debates and such events like the battle of ideas above it

can for instance these are the kind of things this would be striving on gives us that near us and pause making connections with other people to set up projects. thinking of getting a coupon the ones we got in here shows no problem was he didn't know and still he was trapped in this tiny little wired how much we're going to need a crane with the wall. reaching out into the wall when is freedom anywhere near and . breeding dogs are caged in into maine conditions on puppy farms i mean 67 years you know they've been locked up in cages outside you see no protection from the weather the sheep you know the courtier the rain the snow the funder nothing they have no protection. to get what you. know to get through killing. across the u.s. cruel puppy mills are supported by dog shows and pet stores most of the puppies

that are coming from these large scale factory farming kind of operations are being sold in stores even joined a good businesses are involved like cargill among santos there has been a shocking amount of organized opposition to adverts to increase the standards of care for dogs bred in commercial rating for so many most of that opposition is coming from huge agricultural groups and industries that have nothing to do with jobs don't buy dog. 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 a later supreme court justice powell warning 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 a trilateral commission is concerned with this. called the crisis of democracy. trilateral commission is liberal internationalists in their flavors indicated by the fact that they pretty much staff the corridor ministration. and they were also told that 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 are sometimes called the special interests who are 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 becomes the politicized. and they were particularly concerned with what was

happening to young people young people get into free and independent. record. 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 are there for it's 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 a lead the you know flub is good by campaigns to if the executive make decisions that's fine but it's the rest 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 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 to crew. sure respects one but 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. 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 bank savings to productive activity and buying our way and had on hand a reserve money. holders to monitor on the back of the reserve bank can. call behind providing an. auditing money on bank or of the community by making.

money for a manufacturer and i'm even going. to unlock some remodel her car and her money on a good reason why people are always needing more and have immediately available. that's a contribution to the economy. regulatory system was established banks were regulated the commercial investment banks were separated to back for risk investment practices that could harm private people. there had been remember no financial crashes during the period of regulation by the 1000. seventy's it changed . you started getting to shoot increase in the flows of speculative capital just astronomical increases 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 a director of a major american corporation back in the fifty's in the 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 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 oil sure into production. 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 a tickler strike in the united states but happening worldwide it means that an american workers in competition with 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 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 they're recognized 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 are not going to ask for say decent wages were a decent working conditions or the opportunity to freeze or. meaning unions. no for the masters of mankind that's fine they may show their profits but for the population it's devastating. to these 2 processes financial ization sure are part of what led to the vicious cycle of concentration of wealth

concentration of power. by 2020 presidential campaign is beginning to look a lot like the 2016 race but this time around the insurgent is bernie sanders who is not even a member of the democratic party voters again are not interested in establishment politicians in fact they appear to be rebelling against the movie scene from sandhurst showdown. i actually don't think monopolies per se or the problem monopolistic access that monopolies have to credit what politicians and probably both the crony financials and crony capitalism that's the big problem. is later. down

the. actually knowing. there's no no don't you know you not. all of them ok if there. was not a master plan a it will be like a battle they are only going to have a garage that it will be. given to people. who give the new 1000000. what the how do we slow our devious when i last are sure you know jane need the whole corn dog for. what i will not a year or so and i think she is just an honest. person

for pastor i found her and fell away from the e.u. as it heads into the uncharted waters of bragg's it and deal with the brewing mutiny from both scotland and northern ireland. fears grow over the corona virus outbreak people around the globe with borders fighting discrimination against chinese people. it's a race against time to save a one year old boy's life as his parents try to raise the millions needed for the world's most expensive medicine. and. to a very warm welcome to hugo watching r.t. international with me karen. and just.