you know, i don't have access to the same people that chrystia may be talking to.ut i do talk to a lot of people who work on wall street. in fact, i got started down the road of this whole topic, you know, after i wrote a couple of articles and suddenly there was this outpouring of people from wall street who suddenly wanted to talk to me because they were upset about the direction that the financial services industry was taking. so i'm hearing a lot from people sort of from the middle on down. and on wall street, and what they're really upset about is corruption, is this -- this merging of state and private power where the losers don't lose anymore. i think the people who get really upset are small hedge funds, small banks, and they see companies like, you know, citigroup and goldman sachs and jpmorgan chase make mistake after mistake, and they get rewarded for it, but with bailouts, and even greater market shares than they had before. and so you know, my analysis is informed by those people, and i think, you know, i think chrystia and i agree about a lot of thing

our first is chrystia freeland's plutocrats. read the book. ask questions. share your thoughts.hen let's have a lively conversation. that's at billmoyers.com. i'll see you there. and i'll see you he, next time. don't wait a week to get more moyers. visit billmoyers.com for exclusive blogs, essays, and video features. this episodeof "moyers & co." is available on dvd for $19.95. to order, call 1-800-336-1917. or write to the address on your screen. >>> funding is provided by carnegie corporation of new york, celebrating 100 years of philanthropy and committed to doing real and permanent good in the world. the kohlberg foundation. independent production firm with support from the partridge foundation, a john and pauley guff charitable fund. the clement foundation. park foundation, dedicated to heightening public awareness of critical issues. the herb alpert foundation. supporting organizations whose mission is to promote compassion and creativity in our society. the bernard and audrey rapport foundation. the john d. and katherine t. mcarthur foundation, committed to building a jus

chrystia you're right.terms of wealth, income and. >> healthcare was a distraction because he followed hillary clinton's advice. he didn't have a single payer. he didn't have any robust public option. he did nothing to control costs nothing. >> but isn't it better than nothing? >> look, if i lived in a swing state i would vote for obama no doubt about it. romney scares me. he wants to give wall street a bank check. he is a greater evil. >> eliot: you were clear you said he's the lesser of two evils. >> obama. >> eliot: yes. you did not describe him in the affirmative vote. >> you know this better than i do. when you put lawrence sumners in and timothy geithner, you are clear about it. i would have voted for you. that's why i came on this show. seriously, you had the right mentionmessage. i'm not trying to flatter you. and i thought obama in that speech he gave when running against hillary he nailed it. wall street gave him all that money. now wall street has betrayed him they think the best defense and offe

please welcome chrystia freeland! good to see you. thanks for coming back.book i find offensive. it's called "pleut crates the rise of superrich and the fall of everyone else." why is that a snrob. [ laughter ] the super-- why is that a problem? the super rich have super earned all their super wealth. this say view that many of the super rich have. and actually one of my favorite super rich concepts which, i talk about in the book is something that foster freeze. he funded rick santorum in the primary. >> ace good man. >> he introduced me to the concept of the self pac. he talked about his friends who fund symphonies or museums or fill tropic projects. he said why should i give my money to the government to spend on what the government wants. i self tax myself and spend my money on rick santorum. >> stephen: if you watched the primaries rick santorum was a tax on all of us. >> was it money well spent? >> stephen: i like that idea. he said by giving to money by charity it's i tax myself. >> it's a self tax. it's better than having the government spend money b

my meineke. >>> we are back with joe klein, amity shlaes, ken rogoff, and chrystia freeland.two for whoever it is, term two for obama, term one for romney, what do you think would get america growing at 3% or more? >> well, let me pick up on what joe has said and tell you what is the truth that dares not speak its name on wall street right now. and behind actually i think a lot of the wall street support for romney. i think a lot of people on wall street are hoping and actually believe that if romney were elected, he would discover his inner dick cheney. and that the way -- >> that's a frightening thought. >> right? no, no, the way the fiscal cliff would get resolve sudden that romney would say yes to tax cuts and would say actually deficits don't matter right now. let's make growth a priority. and because it was a republican president that, therefore, you would have the congress much more willing to go along. wall street at this moment would see that as a positive scenario, stimulus by stealth. >> what i worry about is that neither candidate if they win is going to get to ex

let me ask you, chrystia, in your book about plutocrats, you write about the rise of the 1%.te, in the late 1970s, the income of middle class started to stag nate and those at the top began to pull away from everyone he will. the switch to the america of the 1% is still so recent that our intuitive of capitalism works. in fact, it's such a strong violation of our expectations that most of us don't realize it is happening. wow, that's a strong statement. >> well, it's absolutely true. behavioral economists didn't tell them what this was but they said -- they showed them the income equality that exists in the united states and that exists in sweden, which is a society and they said, which one of these is america and most people picked the swedish distribution. people don't realize how much the middle class has been hallowed out and how much the economic gains of the past three decades have gone to the people at the very, very top. and as sister simone said, i don't think americans want to live this way. and they offer three choices and say, which one is the kind of society that

that is chrystia freeland of thompson reuters digital. one of the writers around. up next lindsay lohan gives her endorsement to mitt romney. that's something you can only find in "the war room" on current tv. ♪ (vo) cenk uygur is many things. >>oh really? >>"if you ever raise taxes on >>the rich, you're going to destroy our economy." not true! then how'd i get this... [ voice of dennis ] ...allstate safe driving bonus check? what is that? so weird, right? my agent, tom, said... [ voice of dennis ] ...only allstate sends you a bonus check for every six months you're accident-free... ...but i'm a woman. maybe it's a misprint. does it look like a misprint? ok. what i was trying... [ voice of dennis ] silence. ♪ ♪ ask an allstate agent about the safe driving bonus check. are you in good hands? v

that is chrystia freeland of thompson reuters digital. one of the smartest economic writers around.xt lindsay lohan gives her endorsement to mitt romney. that's something you can only find in "the war room" on current tv. ♪ >>i jump out of my skin at people when i'm upset. they're doing this this corruption based on corruption based on corruption. >>that's an understatement, eliot. [ dennis' voice ] i bet he's got an allstate agent. they can save you up to 30% more by bundling your policies. well his dog's stupid. [ dennis' voice ] poodles are one of the world's smartest breeds. are you in good hands? fruit just got cooler. fruit on one side, cool on the other. new ice breakers duo. a fruity, cool way to break the ice. ♪ >> jennifer: for our mitt moment tonight, we see governor romney is making more entities. peter berg accused mitt romney of plagiarism for using the friday night light's shows catch phrase. berg had some other choice words for the romney campaign. but we'll just suggest that next time, romney make a few tweaks to that. maybe clear lies full of malarkey malarkey, mus

john nichols and chrystia freelander and author of a great new book "the plutocrats."et me start with you. this kind of old -- it reminds me of brassed off, a british labor and tory party fight where the men on the hill, four or five of them, live in the big houses, look down on the people and tell the coal diggers, you better vote republican, or in that case tory. this doesn't smack 6 the 21st century. >> or maybe the new 21st century. the income inequality -- the gap for the bosses on the hill than anybody else is greater than any other time in history. we like to think we live in this internet democracy, we're all the same, we all wear khaki, but the gap between plutocrat is everybody is a waning chasm. i couldn't have made this up. >> listen to what david siegel, one of the guys involved here, talks to someone working for him. in an interview he says, quote, i've always looked out for their best interest. we're like a family. they're like my children. i'm like the jewish more than telling them to seat their spinach and vote for romney. maybe this worked once, but r

we'll talk with author chrystia freeland. first jimmy kimmel finds out who won the debate before the debate even happened. binders full of women goes viral, and honey boo boo gives her endorsement. >> we conducted a little experiment this afternoon. the presidential debate started at 6:00 here in l.a. here today we went out on to hollywood boulevard at 2:00 to find out who won last night's debate. >> who do you think won last night's presidential debate. >> um, i'm going to go with obama. >> romney: i went to a number of women's groups and said can you find folks and they brought me binders full of women. >> the binders full of women. >> binders full of women. weird ♪ binders ♪ full of women ♪ binders ♪ full of women ♪ oh, yeah ♪ >> everywhere you look, binders of women were being tweeted. people were buying the website. >> he has started a whole facebook page and lightening fast reaction. this tweet binders full of women is my favorite motley crue album. and this tweet. binders full of women is what they find in a serial kil

it's a small but hugely influential group that chrystia freeland has been writing about in her new book my book! >> over here! >> i went to grab my book. it's called "the rise of the new global super rich and the fall of everyone else." she writes the rise of the 1% of the global phenomenon and in a globalized economy, the most international law both on how they live their lives and earn their fortunes. you're not writing specifically about mitt romney but it is this class of folks who have risen to the very tippy top. i thought it's interesting that you say that those super rich have more in common with each other than they have with whoever their compatriots are in the -- >> wow. >> scared me. >> compatriots. and they also have in common with the middle class in some ways. because what you say is they've built them? >> they actually have -- they're not inherited wealth. many of them have become super rich through their own labors and their own effort. and so -- >> yes, both of these things are true. i mean, on sort of the internationalization of this group and how they do increasingly