corporation and mine go up. when you start talking about all this progressivism is great, maybe you ought to think about what socialism does across the ocean and tell people the truth about these taxes. there is not much evidence that taxes influence rises. companies compete based on prices in the market. corporate income taxes are actually borne by shareholders. the people that own stock in the wealthy.re very research papers show about half of americans do not own any stock at all even in their retirement plans. when we think about competition between companies, we think about it as a good and because a bettercompetition is service at a lower price. think about competition. what does it mean? tax rates go down and down and the country with the lowest tax rate has the worst load, the worst military, the least amount of health care, the worst public services. is that the kind of country we want to live in? if you want to live in a low country, you should move to small yet. --other examples of local local tax com

intent or corporate motivation. you look to the governance doctrines, if any of this put at issue. and i think that's really a critical question, which is ultimately, i think this line of questioning goes to a question of sincerity, and if some large corporation asserts some claim that's going to save them lots of money, i would think that the government in those kind of cases is really going to resist the sincerity piece of the analysis. in this kind of case -- >> that's the most dangerous piece. that's the one we've resisted in all our exercise jurisprudence, to measure the depth of someone's religious beliefs. >> to be clear, this court's cases have always distinguished between the sincerity inquiry, which the court has allowed, and the centrality inquiry, which it suggested is inappropriate. but sincerity has always been a part of this court's cases. >> i thought more importantly was whether a burden was substantial or not. but we've never acceded to the person claiming a religious exemption, a belief in how sub

that is what the corporations are backing, all the big corporations are behind it. >> there's a kind of almost colonial process, the extraction of resources. of what are the people movements? the purchase beyond just now was can you talk about that? because you travel what. i mean, you seen this. you travel all over. what do you see when you go to the north the storer correction. what do you see in terms of people? this is something that is completely filtered out from media. we don't see any of this in the media. >> hell husband : how have they become industrialized a modernized. that has happened to colonialism , colonialism where raw material were used to feed industry. in india and it does not have colonies. you have a middle-class. , people have told me openly that all of these other countries have a history. and by that they have a history of committing genocide. and, you know, some people have to pay the price repress, you know, i have heard many times. i say this another the understanding of what is going on is tremendous and the resistance movement. and this is, you know, i

irl is one of a handful of corporations that run india. some of the others are the other reliance reliance by the group owned by his brother. the rate of growth is felt across europe, central africa, asia latin america the net cast why. the visible and invisible overground as was underground. they run more than 100 companies in 80 countries, and are one of india's oldest and largest private-sector power companies. they own minds steel plants, telephone and cable tvs and broadband networks and they run whole townships. they manufacture cars and trucks to own the hotel chain jaguar land rover, a chain of bookstores, a major brand of iodine salt. they are advertising could easily be you can't live without us. according to the rules the more you have the more you can have. the air of the privatization of everything has made in the dashing into a, with fascicle in the world. however, as with any good old-fashioned economy, one of its main exports is its minerals. india's new mega- corporation the reliance, those who managed to muscle their way

both in terms of the statutory corporate great and the effective corporate tax rate at the end of the day. so we have a corporate tax system that is too punitive and pushing companies outside the u.s.. we have fewer corporations in the u.s. now than we have had at any time since the 1970's. a are finding ways outside of the corporate tax regime and moving to the individual code. most businesses in the u.s. file under the individual code. that can change because taxes on that side have been raised. it is a very punitive system or business production of income. host: a viewer says on twitter -- hell us about the decline of real wages in the middle class and the texas compound the problem? guest: definitely taxes compound the problem. the preview caller mentioned this. the tax freedom day report that just came out. we do total out all the taxes and we do it by state. we count the local income taxes and the property taxes. in taxy do result freedom days going into april, may, and june in some cases. there are a lot of taxes out there. the biggest one is the federal income tax by far. gues

corporation and mine go up.n you start talking about all this progressivism is great, maybe you ought to think about what socialism does across the ocean and tell people the truth about these taxes. there is not much evidence that taxes influence rises. companies compete based on prices in the market. corporate income taxes are actually borne by shareholders. the people that own stock in the wealthy.re very research papers show about half of americans do not own any stock at all even in their retirement plans. when we think about competition between companies, we think about it as a good and because a bettercompetition is service at a lower price. think about competition. what does it mean? tax rates go down and down and the country with the lowest tax rate has the worst load, the worst military, the least amount of health care, the worst public services. is that the kind of country we want to live in? if you want to live in a low country, you should move to small yet. --other examples of local local tax compete

should it be taxpayers, corporations? joining me with what they think should be done to the tax code is senator on budget and policies senior fellow jared burn steen and allen villar. allen and jared, thank you for being here. jared, you heard what owe disyuss had to say. what do you think needs to happen? >> i think where you ended is precisely the direction we need to go. you mentioned something very important, becky, which is job creation here in the united states which of course hasn't been exactly stellar. at the same time, we've seen soaring corporate profitability, particularly driven by the very multinationals he was talking about. so i think where i would intervene first would be in this area of international taxation where the tax code really does, as owe disyus' findings suggest, incentivize production overseas to the competitive disadvantage of domestic firms here. that's a really rich area of tax reform. >> what are you suggesting, lowering corporate rates for people here so we're more competitive? >> sure. s

riaa all is one of the handful of corporations that run india. some of the others are other reliance. the growth has spilled across europe central africa asia latin america and the nets are cast wide. they are visible and invisible overground as well as underground. they run more than 100 companies in 80 countries and one of india's oldest and largest private-sector power companies. they own minds gaughey its field steel plants telephone broadband networks and they run whole townships. they manufacture cars and trucks owned the dodge hotel chain jaguar land rover day you a publishing company chain of bookstores and major brand of iodide salts and the cosmetics giant. they advertise the tagline you can't live without us. according to the rules of the gospel the more you have the more you can't have. the error of the privatization of everything has made the indian economy one of the fastest-growing in the world however as with any good old-fashioned colony one of its main exports its minerals. india's new megacorporations and those who managed to m

taxpayers or corporations? joining me right now with what they think should be done to the tax code is cbpp jared bernstein. jared, what do you think needs to happen? >> i think where you ended is precise lit directily the direc to go. you mentioned job creation here in the united states which of course hasn't been exactly stellar. at the same time we've seen soaring corporate profitability, particularly driven by the very multinationals he was talking about. so i think where i would intervene first would be in this area of international taxation, where the tax code really does as odysseas papadimitriou's findings suggest incentivize production overseas to the competitive disadvantage of domestic firms here. that's a really rich area of taxable -- >> what are you suggesting? lowering corporate rates for people here so we're more competitive? i'm not sure. >> so let me be precise. what i would suggest is ending the deferral of foreign-based earnings. that is, instead of allowing these firms to get away with keep

and it is happening from within some corporations. so, for example, the corporations that are using lots of electricity right now, okay? they can go out and get a power purchase agreement for 20 years on renewable power, solar or wind. and they can lock in a price. if i have a huge electrical cost and it's bouncing all over the place because of natural gas, i can't go out and lock in natural gas for 20 years right now at six cents a kilowatt. i can lock in solar and wind between six and ten cents a kilowatt. but i can't lock in natural gas. so my cost line goes all over the place. if i'm a business, what i care about is certainty. what i don't like is risk. tell me what the price is. tell me what it's going to be for a long, long time. and i can model that. put a tax on carbon. make it 25 bucks a ton. increase it $10 a ton a year for 20 years. that'll push it to $225 a ton. if that happens, i can model that. i can model my expenses. what i don't want is uncertainty. if you give me certainty, i can model that and allocate capital accor

similar goal. >> i don't think corporations are evil.hat i don't think we should do is rely on corporations for our morality. you know, the truth of the matter is we're a nation of people. and, you know, pretty much -- i hate to say it, but the law of the land is people who run corporations, their responsibility is to take care of the interest of their stockholder. that's a very limited world view in my opinion, and that is not the world view i think is going to get us to the broad answer for society as a whole. so i don't actually feel resentful, i take that as a given. and when someone asks, what's exxon's motivation, my answer is their motivation is their stockholders and their corporate net worth. >> did it make you feel that you needed to do something about what was going on in mayflower? did you feel like you had some responsibility to do something there? >> the truth of the matter is what we've been trying to do is get the human story out because that is what other americans can understand and relate to, that experience with somet

ril is one of a handful of corporations that run india. are -- the others spilled across central asia, latin america. invisiblesible and overground as well is underground. they run more than 100 companies in 80 countries. they're one of india's oldest and largest private-sector power companies. they own minds, gas bills, steam plants, telephone and cable tv and broadband networks, and they run townships. they manufacture cars and trucks and own the taj hotel chain, , an drove her -- land rover chain of bookstores, the major brand of iodized salt, in the cosmetic giant which i think that sold now. the advertising tagline could easily be "you can't live without us." according to the rules of the gush up gospel, the more you have, the more you can have. >> arundhati roy reading from her new book, "capitalism: a ghost story." we will be back with her in a moment. ♪ [music break] >> this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. as we continue our conversation with the world-renowned author, arundhati roy.

not we the corporation. why are corporations ruling us? >> all that and more, coming up.elcome to democracy now, democracynow.org, the war and peace report. i'm amy goodman. the death toll from a string of tornadoes has reached at least 17. almost all in arkansas. dozens of homes were destroyed and thousands have lost power. in an arkansas town, the residents described the flattening of an entire neighborhood. >> streets were turned upside down. the houses were picked up and sit on top of things. garages are literally in the yard. >> the deaths are the first of this year's storm season. the u.s. has signed a deal to increase its military presidents in the philippines after being forced to leave its basis. under the 10 year agreement, warships and fighter jets will be stationed on filipino territory for training and exercises. the philippines was a colony from 1898 to 1946. the u.s. maintains bases until popular protest forced their ouster in 1992. in a signing ceremony, the u.s. ambassador says the u.s. does not intend to reestablish permanent bases. in accordance with de

they were by statute corporations and 501(c) fours are nonprofit corporations. by statute they were prohibited from doing that so there was no disclosure regime in place for that. but there was. congress made an intentional decision and that 2000 vote to require disclosure of 527's that were involved in spending money to elect candidates. 501(c)4's were not allowed to do it. it was totally after citizens united but that became a big issue at least with respect to direct advocacy. syndicated there's a whole mother issue related to what i refer to as sham issue ads and that's a whole mother conversation. but again the report has been crystal clear that this disclosure requirement is good for democracy not just disclosure of contributions to people's political campaigns but the expenditures of money to try to elect the candidates. very clear. yes, i'm sorry. in the back. >> steve and i work in the city. thanks a lot congressman for joining us. good to see you as always. i'd like to take the opportunity to thank author -- arthur and the dalai lama and bill gates. yo

>> the large corporations to be able to stash huge amounts of money. >> offshore corporations. >> i want corporate contribution to the tax revenue is the lowest of any major country on earth. >> indeed! >> the middle class. >> let's put the politics aside and do something that actually works. >> give america a raise! >> every democrat should be on board -- >> we're prepared to vote now. now! >> good to have you with us. thanks for watching. it is all in the numbers. always a numbers game. the number will be how many people will go to the polls in november, seven months from now who believe that if they give to the power the democrats and something really good will happen. we begin tonight with a disturbing number every american should really be caring about. $2.1 trillion. that's a hell of a lot of money. u.s. corporations, that's the number they're stashing. $2.1 trillion, offshore to avoid paying taxes to the united states treasury. question, do you think that's fair? you can do something about it. i want to tell you, this number right here, this is a protected republican conservative

he also talked about a corporate responsibility. walmart is the largest private employer in the world. they made $18 billion, that was the published number. $18 billion if net profit last year. and a good number of their employees are being supported by you. so i'm going to give issue real good take from the rich, give to the poor. i don't know if walmart could make it on $17 billion a year net profit, but i'd sure like to see them try. and i'd love to see their workers get a living wage so you and i don't have to pump money into social programs to constantly help people who work for corporations that could easily provide for them if they had a philosophy of actually paying people. not their workers, excuse me. they call them associates. does it sound fair to you? get your cell phones out. i want to know what you think. tonight's question. is walmart milking the system? text a for yes, b for no, 67622. you can go to our blog. and another thing about the ryan budget that we have to understand. walmart being the big corporation and we

i don't think most people realize the famous corporation today started out as a tobacco manufacturing. anit might have stayed tobacco manufacturing if r.j. reynolds hadn't convinced duke to buy the company out from under them and in the early 20th century they such textiles after that. once the r.j. reynolds has no more competition, he sits and keeps selling his chewing tobacco. he goes to new york all the time and one for the corporations work in the early 20th century and learning how they work he comes back and uses the ideas of modern corporations and how they work, about how to have effective management teams and about what is going on in the advertising of new york city and he takes all of that game and then he builds research components of the company and he brings in a swiss scientist and they are working on using other

if you take some corporate officer or corporate employee who actually individually committed a crime and you prosecute them and you put them in jail, it really sends a huge message throughout an entire industry and even across industries. and we do that. we've prosecuted a large number of individuals. they may not always get as much attention as we would like them to get, but we are focusing on that in every case. whenever anybody brings me a case to decide on, the first question i always ask is what are we doing about prosecuting individuals? we need to be able to find some that are appropriately liable, have satisfied all of the elements and are culpable. as far as dealing with corporations, we have a whole set of guidelines that we look at. but much of it is the continuum that i was talking about of what the corporate conduct was when the individual bad acts were discovered. if the corporation had a good compliance program in place, took a lot of remedial steps, did the kinds of internal personnel actions that were required, brought us the evidence right away, worked with us in de

i'm not asking for the corporations to carry the load just for their fair share. in the interest of safety, my patients safety, i urge you to consider an eer. thank you. >> good afternoon, supervisors. i run a 45-year-old non-profit serving san franciscans. i'm not here to talk about displacement, yes i will talk about it. all asian american groups, except for latinos. we lost 20 percent of our population. would you like to do an eir? for the record we are not being funded by google or any of these high tech companies. i'm here because we have a subfunding pedestrian safety program for children in supervisors kim's district. i support the continuing of the pilot program because i'm interested in finding out whether this will reduce the number of voters coming to this city and will that prevent more fatalities toward our children. i hope you know that only a block away from here and asian american child was killed. so please reduce the fatality and support our move to help children get home safely. thank you very much. >> thank you. next speaker, please. >> good ev

carnegie corporation of new york, celebrating 100 years of philanthropy, and committed to doing realnd permanent good in the world. the ford foundation, working with visionaries on the front lines of social change worldwide. the herb alpert foundation, supporting organizations whose mission is to promote compassion and creativity in our society. the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. more information at macfound.org. park foundation, dedicated to heightening public awareness of critical issues. the kohlberg foundation. barbara g. fleischman. and by our sole corporate sponsor, mutual of america, designing customized individual and group retirement products. that's why we're your retirement company. >>> welcome. if you wonder why so many americans doing essential but menial work at low wages never seem to get a break, here's an answer for you. that's how it's intended to be. not by nature, or the market, or from any lack of character or will on the part of workers. no, the fact is, our system is organized again

how do we reach the point, erin, where corporations have sort of seamlessly merged the idea of corporatence, p.r., lobbying and actual government? >> well, yes, and no. i mean, this is something that i've been watching and working on in my career for the past 20 years. i think that in some ways, the fox has always been there guarding the hen house, and maybe we haven't noticed or we've become complacent, and we're in a place now where we're becoming much more aware of what's going on around us. it reminds me of my work way back in the day with pacific gas and electric and a situation out in hinckley, california. and while it may feel that the scales have clearly tipped in that corporate favor, they're going to get away with a lot, it really boils down to something that oftentimes i think we miss that i want to keep bringing back to the table. that doesn't mean that we have to dismiss our own individual citizen accountability. and when communities come together and they don't let the influence of someone else's money sway their opinion, their vote, or their decision, they have a good figh

you can argue with the corporate tax rate is currently. the gao says the effective tax rate is 13% but in any event the use of all these tax loopholes many of which give incentives to shift your profits to tax havens not air operations, your profits to tax havens is totally unacceptable. you ought to close those tax loopholes and not wait for total reform of the tax code because that could be an endless wait. we cannot tolerate the loss of our taxable revenue the way it is currently lost to uncle sam which is the use of these tax loopholes which are unjustified and which are exploited and pushed over the limit at times and we have had hearing after hearing which shows that. i don't think we ought to accept it. of course this company is a terrific company. of course it pays taxes. that's not the question. the question is whether or not it is properly avoided paying $300 million a year in taxes which is what is tax saving is now is a result of this strategy. that is the question. we are happy to pay $600 million in taxes. should it have paid

certainly we don't see it in the corporate media. that is the reality. right now in america we have by far the most unequal distribution of wealth and income of any major country on earth. what we're looking at is the top 1% owns 38% of the financial wealth of america. madam president, i have very little doubt that the overwhelming majority of americans have no idea what the bottom 60% -- top 1% owns 38% of the wealth of america. bottom 60% owns all of 2.3%. and that gap between the very, very rich and everybody else is growing wider and wider. you've got one family, one family -- the walton family that owns wal-mart -- owns more wealth than the bottom 40% of the american people. and in terms of income, the situation is equally bad. in the last number of years since the wall street collapse, 95% of all new income has gone to the top 1%. so you'll have an economic situation where the middle class is disappearing, more people living in poverty than any time in the history of the united states, 22% of our kids living in poverty, the highest rate of childhoo

corporations. i think i was characterized many times appropriate as a loophole created for corporations that exported products. more recently we talked about the homeland repatriation act for companies had an opportunity to bring earnings back into the u.s. had at a 5% effective tax rate. this was back in the early 2000 and that as well was viewed as a loophole. >> what is it also safe to say a lot of times people typify timing differences as a loophole? in other words it's true that corporations account are things differently. there is book accounting and tax accounting. a lot of it has to do with the timing difference. for example if you have this machine and you know it's going to wear out in five years but according to gaba con it will depreciate over five years for tax accounting made to incentivize investments in plant equipment might grant you with tenure depreciation schedule. correct? >> right. >> what about oil drilling is pretty risky venture. i am hearing all the subsidies for big oil.

and big corporation trying to. do and the banks all that all about money and i'm a family like a politician right a lot. here just to plug. up that. old. technology innovation all the developments around russia we've got the future are covered. welcome back now robert pringle is the founder and chairman of central banking publication that's a financial publications firm specializing in public policy in the financial markets now his company's central banking journal has subscribers in over one hundred twenty countries including the majority of the world's central banks pretty good readership now pretty well was the former editor of the banker and has been an analyst of markets and policies for more than forty years including stance at the economist and the financial times today we're speaking with him about his new book the money trap and much much more and i started off our conversation about asking him why the efforts of governments and central banks to push growth have had such poor results in terms of the real e

interacted with with a major corporation a publicly traded corporation the share price falls it hits the market cap and that's the same with whether you know outside of software if a car company has a defect in their cars the stock value cop drops a medical company as pharmaceuticals that that hurt people the stock value drops and and it's absolutely perfectly executable on software companies to want to have a flaw that we we can drop the stock value by disclosing the flaw in telling people about it and and we want to create this structure where people can come forward talk about the flaws in a very aggressive criticize in manner instead of this diminutive do what the government says and it's actually the profit is a far greater doing this potentially then the typical you know cellular exploit to the n.s.a. i don't think i don't think hackers are being paid enough and i don't think i don't think that consumers are being served and there's a huge there's a huge market here. and you're working people find out more about your case to help you out and to support you if and when the reope

liken this to a corporate raid? >> of course, yes.ackman is a longer -- >> we should not just look at him, he is investing with pearson. pearson is making the big that, saying that he is betting on a whole different structure. is not corporate raiding, that is just m&a, wouldn't you say? >> i would prefer to describe activism.ct-based >> one more time? >> fact-based activism. the best activists spend months embracing what they are going after. in this case you have a situation for bill is investing in a vision. rather than basically doing the in-house work, which he has done many times, the best activists that we know do 3, 4, 5, 6 months of work, here he is partnering up with a very skilled ceo with a track record. >> what is the risk that this is one and done? it is legal right now, but food regulators say that this is too slick, too cute, not again. >> there is nothing illegal about this. we could question the 10 day time. . -- time period. you have overlooked pearson here. as john was saying, pearson has a successful record of acq

so what happens when governments and corporations become essentially one. i think benito mussolini had something to say about that joining me now for more on all this is my cabin tony america's attorney america's lawyer attorney and host of ring of fire radio hey mike. great great to have you with us pat this is a complicated issue on the one hand there's the argument that all these companies do it and hey it's even nice to you know go on amazon and have them throw things to you that you might actually be interested in buying but on the other hand there's this surveillance state and increasingly a corporate surveillance state what's your take on well the tell us we know the history we saw a company called h.b. gary and pal and story that you covered about a year ago may year and a half ago where those two companies use this data that you're talking about everything you read the data was the data range from education level how much was your house worth what t.v. do you watch what magazines do you read what your religious affiliation they took all this materi

in america and led directly to today's notions of corporate free speech and corporate personhood thatwere nailed into law by the supreme court's twenty ten citizens united decision. fortunately there is a way to stop all this madness and to take the money out of politics amend the constitution and skeptics argue that amending the constitution to say that money is not speech in those not protected by the first amendment or the corporations are not people in those not protected by the fourteenth amendment that's too hard a job do never never never will be done takes forever but back in one nine hundred seventy one when thousands of young americans were being sent over to the battlefields of vietnam to die massive anti-war demonstrations sprung up nationwide to protest the fact that young americans were old enough to go off to war but not old enough to vote very mcguire's song eve of destruction led the charge banks of those massive anti-war demonstrations and that song the twenty sixth amendment which lowered the voting age from twenty one to eighteen was passed in just one. it's. like

park foundation, dedicated to awareness of critical issues, the colbert foundation, and by our soul corporate sponsor mutual of america, designing customized individual and group retirement products. that's why you're retirement company. >> welcome. even in this age of hyper links and cyber space, nearly six centuries after gutenberg e devised the printing press, it's still possible for a single book to shake the foundation and arm everyday people with the knowledge they need to fight back against the predatory powers that have robbed them of their birthright as citizens. this is such a book. capital in the 21st century by thomas pickety, the book of the season to many, to others, the book of the decade. reviewers called it a bulldozer of a book, seminole, definitive, a water shed. at 700 pages, it's already a best seller and there isn't a single scene of seduction not one celebrity interview or picture, just graph after graph, fact on fact, drawn from two centuries of data and embedded that can explode in the brain. here's one of its extraordinary insights. we're heading into a future domina

corporate giant to bid $100 million for an in great britain. it relates about april being the cruelest month, especially if you get stuck writing a check to the irs. most of us do everything in our power to reduce our tax bills. it's no different for companies, and some of them in corporate america are going to extraordinary lengths to cut their tax bills, and they're doing it by quitting this country all together. the world's largest drug company renewed it's bid to buy out its british rival by doing so not only can pfizer become a bigger company, but they'll take up address in london. and because britain has lower corporate taxes than the united states, it could save pfizer a billion every year. companies like chicata banana, walgreen's are all exploring merger deals with foreign rivals that will allow them to take advantage of a lower tax rate. britain's tax rate has fallen to 20%. with write-offs pfizer has brought its taxes down to 28%, but if it goes british it can save 8% off its tax bill. but the obama administration wants to close the

they are your c.o.s and corporals. that's what they are going to do.the code of honor in what would you like me to do. >> it doesn't matter. i'm going to get a lawyer. >> is there somebody you would like me to speak to. >> i will get a lawyer and have lie detector tests take and prove how wrong they are. i got this. >> okay. >> i got this. >> okay. any way, i'm done with this. so you can have a good day. >> you too. >> take care. >> yep. >> she's a difficult person to even communicate with because she wants to say what she has to say and see things her way and she think that everything is a conspiracy and made it clear how she feels about law enforcement, correction officers and things like. that as far as i'm concerned i'm done with it and comfortable with the decision that we made about it. >> coming up -- >> that was my son. that was my child. yes, you lost somebody, but that's not a reason for you to carry a gun and shoot somebody because you lost your brother. >> the mother of tony goodwin's victim implores him to give him the max. latte or au lai

if he wins the suit, so what to the big corporation?r, if he has to pay the big corporations's legal fees it will destroy that person. and the bill -- david: hold on a second. the fact is that you do have, you do have a number of ambulance-chasing lawyers out there that are looking for an opportunity. i know them. i've seen them. >> what is wrong with that? hold on. david: when the governor of texas, rick perry, when he had this loser pay rule put in texas, the number of ambulance chasing lawyers diminished dramatically and number of lawsuits. what is wrong with that? >> you're talking outside the context of inventors now. something may work in a widespread -- wide spectrum an not in given area. by the way the loser pays provision in this bill, not only loser pay, if someone invested in the small inventor, and he cops up before the big corporation, even, this bill puts in jeopardy anybody who would even invest in a small inventor as paying for these legal fees. and of course these big companies, they can run up big legal fees. and of co

philosophy is to allow people to be corporate employees and owned a plantation. the double income secures them a higher standard of living. life has improved since i've grown bananas i built this house and car hire to once in six children. we'll go to school i do not know. on sunday's show it to make some money and is transformed into a market. farmers across the water to some defense winners on the other side the simple comedy from the corporate and candles for every twenty minutes the vatican. most of the snow we could use your stamps the contracts that can sometimes have to find the money has already negotiated producers. now she has to get everyone out together and negotiate a price and transport to bananas tort claims the problem. demands growing quantity intends to expand for kenyan farmers have applied to join since the start of the year. and practical training courses are now offered on the plantation. i'm at it how difficult it the theme is i want to hear we have different all she does with his band known as indian and leads to a greater pretty awful. so

. >> like all good corporations, these companies are armed with slick promotional videos. and their excellent pr machines are generating hours of airtime, >> well i think we could probably send the first person in about 12 years. >> wow >> and mostly positive news reports. >> it's going to be an incredibly exciting year. and we're very, very happy to be a part of this project. >> but there seems to be a lack of some fundamental questions. how has this all come about? and what does the future hold if corporations-who hope to generate huge profits-hold the key to the final frontier? >> in the spring of 1961 the united states is locked in this very desperate struggle with the soviet union over the cold war. and it's really a battle over the economic and political systems that are going to rule the world. >> on april 12th, 1961, the russian cosmonaut yuri gagarin broke through earth's atmosphere. delivering a body blow to us dominance in science. >> "no nation which expects to be the leader of other nations can expect to stay behind in the race for space...we have vowed that w