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 greed is the impact on the people of england or others. now it's not a merger of manufacturers it's financial institutions and multinational corporations the people who adam smith told 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'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 any

over leveraged version of it right now it really begs the question over if it's classical kind of adam smith and david ricardo joseph schumpeter capitalism as taught in college and grad school or if it's more of an i and randy and servile of the fittest at any and all costs by any means necessary vulture market fundamentalism that is built on increasing amounts of financial leverage and speculation versus actual manufacturing productivity and this is stand ability of a middle class i don't think it's working in the same way that it had in decades past ok it's good alexander in indianapolis i mean i think that's the point here is that i had i'm actually for capitalism ok i don't want any misunderstanding but i'm i want to work for everyone or more people and it's working for now ok because we we see you know we hear you know depending on what side of the. little ol you are you know how well the economy is doing well it's doing really well for rich people and that is undeniable when it goes a little bit further down i think it's a lot more nuanced than the talking points that you hear on c.n.n

adam smith, adam schiff and now they're 2019. i predict that in 2020 she says that's enough of you guys now it's my turn i have to hold on to the house. so look for a shift and nancy pelosi exert more. and prestigious next year. having not learn schiff say that have 2020 19 our producer's telling us to wrap, but we have just opened up a can of worms. they're talking about the impeachment this is going to go on for a while so we all you again soon. >>thank you tom. you can catch from tom on politics in perspective. you can watch it on kron on every wednesday at 07:40pm and tonight at 5.30 kron 4 is always tracking local stories. >>there's a look at what is going on around the bay area in the east bay. crews at work to repair a leaky roof at a elementary school a damaged currently so bad that students had to move to a different part of the school. parents expressed frustration over the problem. some parents told us said that the school knew about the deteriorating conditions in past bond measures to you know improve the campus but

they had mamadou sakho sent off after just 19 minutes for this challenge on adam smith. schlupp scored his second goal is as many games to seal the three points for palace. it lifts them above bournemouth into iith. probably unlikely any of tonight's four managers will be given the boot anytime soon. it's been a busy couple of weeks at the managerial job centre, though. it could be a pivotal few days for a handful of coaches in england's top flight. some are skating on very thin ice as the winter chill hits hard in the country. it's not much fun at the top flight fair — as michael redford can tell us. gone, gone, gone through premier league managers sacked in 12 days and there might be more to come. the managerial merry—go—round is in full swing. quique sanchez flores was the most swing. quique sanchez flores was the m ost rece nt swing. quique sanchez flores was the most recent dismissal, leaving bottom of the table watford, now looking for the third manager of the season. watford were into leicester —— will head to leicester. leicester have a manager problem of their o

turner: i support the national defense authorization act for fiscal year 2020 and i thank adam smith for bringing a bipartisan bill as the final nd arch a to the floor. this continues of low-yield nuclear weapons. it supports our nuclear modernization efforts in the national security administration to ensure a strong nuclear deterrent. i want to note the strong bipartisan support for missile defense that is in this year's bill. this bill demonstrates the protection from north korean missile defense is not subject to partisan politics. with my colleague susan davis, i'm proud that this takes to further our mission to reduce sexual assault in our ranks. the conference report includes provisions to improve the safety of military housing, adding to enhancements that was put in last year, the report expands the requirement for fall prevention devices to protect the young children of our service members. our l year 2020 ndaa gives military the largest pay increase and repeals the widow tax and doubles the licensure and certification cost of a service member arising from relocation and cont

those there are reversed it's going to be an extremely ugly society i'm a society that's 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 sympathies or their e.b. to a sport in which they're going to 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 control 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 any society made a small society based on that principle is a good way to consume. 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 of the late 20th century here argued that until all. all institutions production commerce. me

. >> reporter: adam smith has been here 20 years now. adding chocolate and confections. >> they have no idea that there's over 50 different chocolate producers in the bay area alone. thatre's tion. how the city can do something twofold. they can promote the small business at the same time they're promoting the unique character of the city. >> if city hall doesn't evolve with us, our merchant corridor will lose their vibrancy. >> reporter: san francisco says they are looking at more ways to help, and the chamber of commerce says their small business program lane a successful that encourages large employers to devote 5% of their spending to small businesses remember >>> we continue to track the rainfall across a good portion of the bay area. more on your saturday forecast coming up. >> four homeless women and two children have been living in an unoccupied home in the east bay, now told to get out. >> we have to make a decision on how we support families and communities that are struggling in this crisis. ...6, 7, 8 ♪ ♪ big dreams start wit

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 for a major for example in the attack on social security. the social security is based on a principle it's based on a principle of solidarity saw bury it in the caring for others. a social security means i pay payroll taxes so that the widow across town can get something to live on. for a much of the population that's what they serve iowa. it's of no use to the very rich a so therefore there's a concerted attempt to destroy it. one of the ways is defunding it you want to destroy some system 1st defund it. and then it will work people be angry they want something else t

chairman adam smith sent a letter in august asking the meaning of it. is this aide being held up? later, it wash released on september 11. i don't know why it was held up, it was something we fussed about. it's important to continue to support people who are struggling in ukraine. this a consistent concern for the administration? ther forms of military aid u.s. was providing to other countries. have you ever heard of the administration being concerned about corruption in other countries and holding up military aid? >> i can give you an analogous situation. i hope the administration is concerned about corruption to any recipient of aid. ukraine has been a special case. it was such a bone of contention between members of both parties between congress and the obama administration to provide that military assistance to ukraine that i think it got special itention on the hill when finally got approved and was held up and finally released. ask about a few hotspots around the world, starting with afghanistan. almost 18 years into the war, more than 150,000 people killed, more than $1 tri

over leveraged version of it right now it really begs the question over if it's classical kind of adam smith and david ricardo joseph schumpeter capitalism as taught in college and grad school or if it's more of an i and randy and servile of the fittest at any and all costs by any means necessary vulture market fundamentalism that is built on increasing amounts of fine.

appliances like the ge kitchen and moscow for the actors to live in and the actor was ronald reagan and adam smith and de tocqueville he gave two books out and hoped they would be read this actor reagan wasn't popular across ge that the younger executives didn't like having western propaganda and they complained that they could not stop this actor and bulware send reagan all over to the plants to explain the future of industry and as the industry moves west and so on talking about the dangers of socialism and it's a bad idea power innovates faster when they're free to make their own decisions may be that power was the only kind of power in the future of the united states soon enough reagan began to take arguments seriously he even bought his son some ge stock. in the year 1960 over the propaganda mill. the justice department was investigating and in 1961 the new attorney general robert kennedy, pulled together a strong case that ge was colluding with others like westinghouse to fix high prices the justice department sent the ge executive to jail the irony was undeniable here was the propaganda dep

adam smith and people who understood the wealth of nations and they understood that poor nations were weak nations. part of the negotiations with france had to do not only with getting funding and military support, but establishing a treaty of commerce. this was accomplished in 1778. the french weren't quite sure the americans were going to be able to pull it off. after the battle of saratoga, it was pretty clear that americans could do this. so, americans first professional diplomats conducted these two treaties. the treaty of commerce was essential. it granted france most favored nation trading status and the french were very excited about being able to sort of get into the economic trade war with great britain after the war was over, and this treaty would be in effect for several years afterwards. >> it really solidified our bilateral relations with france. the object we have here is a contemporary printing of the treaty. a famous printer at the time, john dunlap of philadelphia, created about 300 copies of these treaties. very few remain today. we are lucky and privileged to have

chairman adam smith sent a letter to omb in august asking the meaning of it. why is this aid being held up? it has the support of both parties in congress. about one month later, it was released on september 11. the short answer, i don't know why it was held up, it was something we fussed about. i think it's important to continue to support people who are struggling for their independence in ukraine. joe: to your knowledge, was in this a consistent concern for the administration? with other forms of military aid the u.s. was providing to other countries, have you ever heard of the administration being concerned about corruption in other countries and holding up military aid? rep. thornberry: i can't give you an analogous situation. i hope the administration is concerned about corruption to any recipient of aid. ukraine has been a special case. it was such a bone of contention between members of both parties in congress and the obama administration to provide that military assistance to ukraine that i think it got special attention from me and others on the hil

equality with everybody that we trade with which is an absurd proposition that was easily refuted by adam smith and 776 i mean one of the problems as far as i'm concerned with trade economics is almost everything is already been decided it's already been done this is actually not very hard we should be trading with the rest of the world we should be trading at the lowest possible terrorist probably 0 terrorist we need to understand that we trade not for exports we trade for imports we can't eat exports this is a point that built friedman made many many many years ago and we can see the consequences already we're seeing the consequences of the president's policy declining manufacturing and i would have one of the things. i think that trade is a basic human right i think i have the right to exchange my labor. labor and my whatever i produce with anybody i want anywhere in the world unless unless there's a national security issue involved otherwise it's a freedom that i should be able to enjoy just like my freedom of speech freedom of assembly i should be able to exchange that those those products

equality with everybody that we trade with which is an absurd proposition that was easily refuted by adam smith and $776.00 i mean one of the problems as far as i'm concerned with trade economics is almost everything is already been decided it's already been done this is actually not very hard we should be trading with the rest of the world we should be trading at the lowest possible terrorist probably 0 terrorist we need to understand that we trade not for exports we trade for imports we can't eat exports this is a point that building friedman made many many many years ago and we can see the consequences already we're seeing the consequences of the present. i mean trump top program to take you to the nato summit me in london where the french president in mannion my car is giving a news conference this hour let's listen in suggesting i've never suggested substituting a europe of defense to nato. but this has to be within nato the same as the united nations that is not correct. yes it's really balancing is not possible unless there is this american and your. security and balance. depends on the

over leveraged version of it right now it really begs the question over if it's classical kind of adam smith and david ricardo joseph schumpeter capitalism as taught in college and grad school or if it's more of an i and randy and servile of the fittest at any and all costs by any means necessary vulture market fundamentalism that is built on increasing amounts of financial leverage and speculation versus actual manufacturing productivity and this is stand ability of a middle class i don't think it's working in the same way that it had in decades past ok it's good alexander in the annapolis i mean i think that's the point here is that i have i'm actually for capitalism ok i don't want any misunderstanding but i'm i want to work for everyone or more people and it's working for now ok because we we see you know we hear you know depending on what side of the political aisle you are you know.

ge kitchen in moscow for the actor to live in and to school the actor who was ronald reagan and adam smith, john locke with little essays added by henry. he gave little books just like the manhattan institute and hopedli they would be red. this actor reagan was not exactly popular across ge either. the younger executives did not like having a western propaganda and they complained about reagan but the few remaining years they could not stop him and his actor and he sent reagan all around to hundreds of ge plants to explain all about the tva and the future of industry in the industry might move west and so on and the actor in him wrote speeches about the dangers of socialism and socializing medicine was a bad idea, the tva was a bad idea and power could innovate faster when it was free to make its own decisions. maybe hydropower was not the only kind of power in the united states. soon enough reagan began to take his arguments seriously. he even bought his son ge stock. the year 1960 cast a dark cloud over ge. him and his propaganda mill. the investigation in 1961 the new attorney general w

themselves up for their ideology one follows a religious ideology and one follows a misreading of adam smith but they're both terrorists now michael bloomberg was worth $30000000000.00 in 2008 now he's worth 52000000000 dollars 10 years later he's running for president to stop people from taking all that free money the fed gave to him through asset price inflation do you blame the population for being angry about the unfair redistribution of wealth to the top in here dave you've got a lot of students i would imagine you who are actively are the other students beginning to realise that their future was robbed from them by the likes of michael bloomberg i guess i don't know if they know who did what but you can walk into the satellite and find a person who feels like it and rob and so i don't know if the students realise a bit of rob because they haven't yet found themselves unemployed 'd. and so i don't know if they're aware. you know you manger in social justice. and you somehow think some employers going to actually hire you what employer would hire someone made for him in social justice i

for the actor to live in and boulware pulled the actor who wasronald reagan and adam smith , john locke with little essays added by henry catholic. he gave schoolbooks just like the manhattan institute does out and hoped they would be read. this actor, reagan was wasn't exactly popular across ge either. the younger executives didn't like having some kind of western propagandist and complain about reagan but for the few remaining years boulware was there they couldn't stop boulware and his actor and boulware since reagan all around to ge plants to explain all about the tva and the future of industry and the industry might move west and so on. then actor, he wrote speeches about the dangers of socialism and thatsocializing medicine was a bad idea. the tva was a bad idea . our could innovate faster when it was free to make its own decisions. maybe i drove power wasn't the only kind of power in the future of the united states and soon reagan began to take boulware's arguments seriously. he even boughthis son some ge stock . the year 1960 cast a dark cloud over ge boulware and boulware's pro

they had mamadou sakho sent off after just 19 minutes for this challenge on adam smith. them up to fifth, five points off the champions league places. it's billed as the clash on the dunes. diriyah in saudi arabia hosts the biggest heavyweight fight of 2019. andy ruinunior and anthonyjoshua head to head afterjoshua's shock defeat in new york injuly. the former world champion says he's fully prepared this time. it was an unknown test, i give the man his credit, he was victorious, well done to him for that. now it's my turn to kind of right my wrongs. he thinks he is probably going to do the same thing and get the same result, but i have had to check myself, reinvent myself to a certain degree. not physically, i have always been dedicated to the gym. mentally, understanding exactly what i'm doing as soon as i step into that boxing ring. snooker‘s uk championship is continuing at the york barbican with seven time champion ronnie o'sullivan safely into the last 16, after a 6—2 win over thailand's noppon saengkham. o'sullivan has won the last two uk championships despite stru

farm belt to the south atlantic you know david ricardo who is the contemporary of adam smith's talk about comparative advantage and here the comparative advantage of speaking if got this huge river which would run through the grain belt and give argentina way to transport grain and give them a leg up over brazil and the u.s. that has to spend a lot of money moving the grain in the culture to the rail track or whatever and so this is a member could be a game changer the british at the end us.