joining me now arianna huffington is the editor in chief and president of "the huffington post" media group. david frum is a contributing editor for "the daily beast" and "news week." steve rapner left a long career on wall street to be the obama strais's car tsar. he is back in business now, and mort zuckerman never left the business. he is the chairman of boston properties and the editor in chief of u.s. news and world report. welcome to you all. david, let me start with you. one of the things i have been puzzling over is what happened to the tea party? this was the party -- this was meant to be the thing that was going to totally transform the republican party. it doesn't quite seem to have had that affect. >> well, it's failed to generate an alternative to mitt romney, and it's taking a bad humiliation because of it. i think a lot of the energy has gone out of it, and especially in south carolina. here's something that i think is maybe relevant. senator jim demint, a senator from south carolina, has been a vocal advocate of the tea party. he has been the leading opponent of dredgi

smith: let me stand up for arianna huffington, and say, what, what i'm being provided by the huffington post is uh, a menu of things out there. i might have to go to 30 different places to get, now i'm able to go to one place. why is that bad? why is that parasitic? downie: right. uh, the question is whether or not you are producing original journalism of your own at the same time, and since i made that remark in london, it's not cause and effect it's just happenstance, they've been trying to do a lot more original journalism at the huffington post. they deserve credit for that. they've been hiring reporters. smith: right. downie: now, they still publish a lot of, you know, they still put up on their site lots of blogs that people provide free for them. smith: right. downie: and i still question whether that's a, a proper business model. smith: so the, one of the parasitic aspects of this is they're taking advantage of free labor. downie: exactly. smith: but my understanding was that your concern was more in the area. downie: but it also was aggregation too. smith: . taking five paragra

. >> being debaters tend to do well in britain, arianna huffington was at cambridge. done well. are you going to do as well as her? >> maybe better, hopefully better. >> what is the row of actions, she is from greek origin. does it make a difference when you get to these great british universities with the wits? >> i think initially it does because -- >> favorable or unfavorable. >> unfaveable to begin with. in england, if you have a foreign accent to begin with, it's unfavorable, less so than earlier times. now people don't make that effort to adopt the english accent. but what happens is over time because there have been so many singaporeans, australians, canadians. >> americans. >> americans as well who have blazed a trail of glory, if you distinguish yourself, over time you are seen as the exotic foreigner who can thrive on the english scene and to the credit of both oxford and cambridge and england as a whole, argument and rigor in argument is a prized trait, less so than before perhaps, but still a prized trait. >> have you been to ireland, rigor and argument is

moral you know approach to it and so one of the people we've heard talk a lot about this is arianna huffington of the huffington post and so i'm going to read a quote here from her she says i worry about it in the middle of the day as well as in the middle of the night one of the things that make me optimistic is so many millions more people do have a voice now so there's a countervailing force that is coalescing about real transformation not rhetorical want so that all sounds very nice and i think that she has a point in terms of we're finally hearing this become you know part of the rhetoric part of the discussion but she also kind of a part of the problem alone in this i think it kind of really highlights is a really good example of the difference between ideology and reality ariane huffington is at davos where the one of the themes is rethinking capitalism and transformations and capitalism that isn't serving society anymore she's asked about it saying there needs to be moral capitalism talking about how it keeps her up at night whether vested interest or get to get in a way of that this i

arianna huffington. i really want to point out the author of the book "third world america." you. thank you. arianna, when you wrote this book, what do you point to as the symptoms of the misaligned interested in everything in our society? how are people feeling? >> first of all, dylan, congratulations. it's great to have the book out. for you to dare to challenge the status quo. when it was written about two years ago, it seemed a little too much. but we're seeing that, in fact, the heart of the prediction, which was the downward mobility, the growing çinequalities, basically destroying the american dream, destroying the hope of the american middle class for their children to do better than they are doing, and for those in poverty to be able to enter the middle class. and we have seen now with long-term unemployment, with millions of foreclosures, with staggering student loan debt, these are some of the symptoms of that downward mobility that we're seeing right now with 100 million people right now being worse off than their parents were at the similar age. >> people think

. >> arianna huffington said one of the biggest problems with american capitalism is the interests ofmisaligned with social values. she said we should speak to roger martin. he's the author of "fixing the game: bubbles, crashes and what capitalism can learn from the nfl." he joins us now. roger, you say businesses have focused on maximizing shareholder value at the expense of their products and of their customer. now, why do you think customers should be focusing on their communities as well as their shareholders? >> well, i think those are the things that make a company succeed long term. if they succeed long term in serving their customers well, being good to their employees and their communities, the shareholders will do just fine. but if they focus on the shareholders without thinking about the customers or their communities or employees, then shareholders won't do very well. >> how far do you go with this? the issue right now in the united states is this competition between washington and businesses about whose responsibility it is to be hiring people. to bring jobs back to ameri

on that show arianna huffington said one of the biggest problems with american capitalism was that thed with our social values. she also suggested if we want the best ideas to fix the u.s. economy we should speak to roger martin a dean at the university of toronto rotman school of management and also the author of "fixing the game, bubbles, crashes, and what capitalism can learn from the nfl." he joins us now. roger, you say businesses have focused on maximizing share holder value at the expense of their products and of their customers. now, why should -- why do you think customers should be focusing on their communities as well as share holders? >> well, i think those are the things that make a company succeed long term. and if they succeed long term in serving their customers well, being good to their employees and communities, the share holders will do just fine but if they focus on the share holders without thinking about the customers or their communities or employees, then shareholders won't do very well. >> how far do you go with this? the issue right now in the united states is

i introduce arianna huffington and elie native by the way that's lived there at least a couple of decades. they don't elect a mayor of the blogosphere but if they did i could tell you that arana huffington would win going away. [applause] she's hard charging and visionary, the editor-in-chief of the huffington post media group her columns can be ridden publications across the nation and indeed the world she's offered at no less than 13 bucks. in recognition of her status as one of the countries in the world's most innovative leaders to the list of the world's 100 most influential people. not just once but twice. today is a great opportunity for us to hear from someone who led the media charge to focus on national conversation on issues related to the middle class and jobs. she's here with us to discuss what role the mayors would drive our metro economy should be playing in the current national policy debates. please, join me in welcoming arianna huffington. [applause] >> said thank you so much for inviting me to be with you today. let me just say i have been obsessively checking on foursq

on that show arianna huffington said one of the biggest problems with american capitalism is the interestsbusiness of misaligned with our social values she said if we want the best ideas we should speak to roger martin, a dean at the university of toronto school of management and the author of "fixing the game, bubbles, crashes and what capitalism can learn from the nfl." why should companies focus on their communities as well as their shareholders. >> those are the things that make a company succeed long term. if they succeed long term in serving their customers well, being good to their employees an their communities, the shareholders will do just fine. if they focus on the shareholders without thinking about the customers or their communities or employees, then shareholders won't do very well. >> how far do you go with this? the issue right now in the united states is this competition between washington and businesses about whose responsibility it is to be hiring people, to bring jobs back to america, to open factories. is that a company's responsibility? >> well, i think the company's

fareed zakaria is here, arianna huffington and mort zuckerman. fareed, is american capitalism the problem here? is it broken? is it doing what we expected it to do? >> i don't think american capitalism is broken, but i think that there have been fundamental changes that have taken place over the last 20 years. if you look at the american economy over the last 20 years we have created net no new jobs in what is called the tradeable sector of the economy. the part of the economy that is subject to global competition. the only jobs we've created have been in health care, in government and in fields like construction, which are not really subject to outsourcing. you can't outsource the building of a new york skyscraper. something has happened and i think it's a combination of technology and globalization that is pressing down very hard on the average american worker. it becomes very difficult for him to find a way to raise his wages or her to raise her wages so that's real and i think it's a huge problem for an economic system which has been able to

but the fact of the matter is to be elected president of either the cambridge union -- arianna huffington was one at cambridge, and then benazir became president of it at oxford -- is a signal achievement. it really does matter. in england traditionally if you became president of either of those societies, you got an automatic invitation from one of the major political parties to stand for parliament. and she was a very irreverent and interesting person. in her first debate, she wrote, she, i mean, perfectly happy, as you know, to intervene in pakistani politics where, of course, she was prime minister. but she was equally gleeful in commenting on american politics. one of the first debates that she was in at oxford was one in which she was debating richard nixon, and she made the statement that american george washington started off with the president who refused to tell a lie, and then in nixon america had a president who couldn't tell the truth. whatever you think about nixon, the point is that this is somebody who had opinions and was not afraid to express them. equally, she wasn't al

caller: the first one, of the newsletters, that's like arianna huffington for some of the controversial in "the huffington post." my questions for you relate to how ron paul communicates items to people. most of the public, i think, is pretty ignorant. they just follow whatever mainstream media has to say. when he constantly says we are broke, he never puts it to the point of explaining just exactly how we are broke and how it affects people personally. he does not say your money is worthless. he does not talk about the de valuation of our money. he does not talk about this. our standard of living will continue to decline. guest: you bring up a great point. you hit the nail on the head. that is what we are trying to explain to people. that is what we are trying to communicate. it is difficult is tough. you are right. we can do better. we need to wake up this entire country. fortunately, we have woken up a good chunk of them. dr. paul always says he is striving to do better. he realizes he is not the perfect messenger. i think he is a wonderful messenger. i think he is a best messenger w

and if you look at the long market history from guttenberg to arianna huffington, the free flow of information and ideas has always tended to bed the artistry towards democracy and towards freedom and you are seeing that with the wifi that is coming out, seeing it with the borders throughout the middle east. you're seeing that by the fact in iran it is the sense of the largest per capita of the internet and cannot control a free flow of information cannot control their people. i in 1989 covered the fall of the berlin wall. i was in a hotel and one of the people working there where they said can you open up the room in the afternoons of the kids come in to be the only place the currency satellite tv and the like watching music videos. they were not watching the music video. they were watching what was happening in the shipyards. more recently -- it was in the recently it was about ten years ago in which terry laverne and steve case started talking about emerging aol and time-warner, but i was watching in the internet cafe in these tiny parts of china how people were using the internet to a i wo