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 principal 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 grievous 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 dem

there are reverse to it's going to be an extremely ugly society i'm a society that is based on adam smith's final maxim you know all for myself nothing for anyone else. aside in which normal human instincts an emotion of sympathy so they're e.b. to a sport in which they're going driven out. that society so ugly i don't even know who'd want to live in it i wouldn't want my children to. give the society. is based on controlled by private wealth it will reflect the values that in fact does reflect. a value that is green and the desire to maximize personal game at the expense of others and the society has made a small society based on that principle is ugly but it can survive a global society based on that principle is headed for massive destruction. and i don't think we're smart enough to design in any detail what a perfectly just and free society would be like i think we can give some guidelines and more significant we can ask how we can progress in that direction. john dewey the leading social philosopher in the late 20th century he argued that until all institutions production commerce. med

none of that should come as a surprise for anyone who ever studied adam smith, because when he wroteh, back the capitalism because we believe in capitalism but a slightly different version. that would require shareholders though to take a different approach or be less demanding and expect less than they have come to. well, here is the issue, you are seeing shareholders already starting to think about this more broadly. there is a new movement called efg, it is something we set up a website to talk about, called moral money. $31 trillion worth of fund have moved into a place where they are trying to adhere to some element of this framework, so you are already seeing investors saying if i don't care about anything else, chasing greed, that doesn't work or won't work long—term. next week here in new york, you will have the un general assembly meeting, when you have people like greta thunberg and other activists here, talking about the issue, what is really striking though and going back to what the ft is doing is you are getting a lot of ceos, big investors saying the world is changing

not about other people this is quite different from the people they claim are their heroes like adam smith who based is whole 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 gotta be for yourself father while maxon don't care about others which is ok for the rich and powerful but is devastating for everyone else. going to take a whole lot of effort to try to drive these basic human emotions out of people's heads. and we see it today in policy formation 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 can get something to live upon. much of the population that's what they survive. it's of no use to the very rich 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 the fund. then it will work people be angry they want something else that's a standard tec

knowledge and so they lied miniseries over as with it came free market capitalism in the works of adam smith now or into the works of the money regular j.p. morgan silver manipulators trump speaks he's like the fool in any shakespearean play and the fool is the one that always speaks the truth to power they're the ones that get away with it by fools saying we're going to nuke gains this is basically him a foolish way of like. condensing the ideas that the the elite people behind the scenes what their plans for us are he's just basically tweeting it out we also have you know he was wanting to buy greenland and everybody's mocking him laughing but what the what is this really about because again this is something that you and i have been actually looking at since pre r.t. since pretend years ago when we were making films for al-jazeera we're looking at the arctic and how that's hiding out by race too you know because the arctic is melting it's a short passage for transporting goods around the world here's why trump wants a bi greenland greenland strategic value is linked tightly to new north a

about the way he wa nts to smith. adamantnts to spend the conference and making sure it does not dominate the next few days as well. what chance do you think this has now been put to bed? i think it is fairly clear this will not be a dominating issue for the next few days. by kicking the can down the road jeremy corbyn has made sure there is not something that will be discussed on and off, and on and off every morning and evening until tuesday. the big issue though that jeremy corbyn evening until tuesday. the big issue though thatjeremy corbyn is going to struggle to contain is break that. we know the party executive is going to discuss what is essentially anotherfudge tomorrow going to discuss what is essentially another fudge tomorrow which will see the party kick the can down the road to that as well. and not decide on another referendum to take side with a repack leave or remain until after a general election. got to say, from all the signs herejeremy corbyn is going to struggle to do that and i think he is very unlikely

and case there are any questions , i have brought adam smith from whole foods who is the director of stork and development. >> great. i don't believe my colleagues have questions, with thank you for being here. we will open this item to public comment. you guys can sit down, thanks. we will open this to public comment. >> a packet being handed into supervisors. overhead. when going to the store on 2001 market street and you see how much alcohol they have, basically you can see bottles and bottles and bottles. going to the websites, you see that they have like 400 kinds of alcohol on their website that they sell, and about half of it is under $10. currently on the construction, this is right here, so why the need for an alcohol license right now? it is not even a story yet. it is not even built out. it is only one story and it will have to be at least that tall. so this is kind of premature. what i'm asking for today is a continuance because the applicant has not dealt with the people who have protested, and all they did was basically did the apr job to tell everybody how wonderful th

and the democratic chairman of the house armed services committee, adam smith, already today putting that he has plenty of questions about all of this saying, and let me quote in part from the chairman, saying the administration's maximum pressure campaign seems to lack a cohesive strategy. as such, this campaign will only serve to ratchet up tensions in the region and increase the likelihood of miscalculation that could lead to full-scale armed conflict. that is one of the biggest worries here, as you know better than anybody, wolf, very easy to get into these military situations, very tough to find an exit strategy. >> a few months ago the u.s. began deploying troops to saudi arabia, they did it without a whole lot of fanfare, now they want to deploy more. there's some serious concern about what they call mission creep right now, especially without congressional authorization. what are you hearing from your sources at the pentagon? >> wolf, very quickly, the big change here tonight, u.s. troops are going to protect critical saudi infrastructure. very different than anything they've

. >> yeah, i do think that as with everything, capitalism -- i always used to say adam smith actuallyrote two books, one "wealth of nations" and another is our responsibilities to the community as a practical matter, as a practical matter. so i don't know -- i don't -- how can i say this, with all the respect in the world for all of our presidential candidates and i think any one of them would be a better president of the united states than nvidia terms of integrity, et cetera, i do not support how some of the policies that are being advocated and i think it's a discussion. it's a beautiful discussion and that's what we should have but we have to come together that's what our founders advocated from many. they didn't know how many or different but knew we always had to try for oneness let's try to unite the country, not divide it and that's what elections are about. >> when i went on twitter to ask for questions for you, people, the overwhelming theme is that you are practical and you want to get something done and that you can be the leader to do that too much pressure or is that som

adam smith and senator inhofe on the senate side and senator reid is ranking and tell them that this. we stand alone in not providing paid leave for the birth of a child. it is really outrageous. the u.n. did a study of 187 countries and every country provides paid leave save 2. the great united states and paw paw new guinea. i call it a national scandal. for a country that talks about family values all the time, you as a new mother know how hard it is to balance with a supportive husband work and family but many women, 40% of the women that are working and over half the workforce are the primary breadwinners. some single parents and single male parents and we need paid leave for the birth of a child and also for sick leave. the federal employer is biggest and largest employer in the nation and usually the policies start on the federal level and then are implemented in the private sector. i would say the private sector now is ahead of the public sector because many like your nbc -- i wrote, gave you paid leave when your child was born which was i'm sure -- >> four months paid, two mo