there's a really good reason that this happened it wasn't because that's what we teach at a higher school of economics but because in russia unlike in brazil unlike china unlike india in russia you could take your money out of the country in those other countries they have capital controls that were the only two it's illegal in russia since two thousand and six june two thousand and six you have complete convert ability of the ruble and there's a good historical reason for that because. you had a terrible social experiment for seventy four years under also the communism and in this country and so once you get rid of controls any hint of reimposing any control like the brazilians or the commies are doing that right so you can't do it you don't have you're caught between a rock and a hard place here because you have to keep the economy completely open but there is no there's no emerging market economy in the world that is as open as the russian economy so it means can we make it use it as an advantage not worth over and over liber are over liberalism yes yes given the fact that you for historical reason

infrastructure excellent schools access to medical care affordable higher education and redistributive tax system that helps people lower down the economic why then it goes away it's not some sort ofbirthright it's not some natural state it's a very fragile social contract an arrangement which we've been actively tearing down for thirty or forty years and never cease to become shocked when we notice some of the secondary effects of destroying that equality an opportunity enhancing system that we once enjoyed max we just described is almost to a t. the progressive caucus is budget and yet the president's budget which doesn't do eighty or ninety percent of what you just described and the democrats budget which does the republicans budget rather which does literally the opposite of what you just described are the two that are being debated right now how do we how do we change the national dialogue in the united states or is it just gone too far. well i mean on some level the powers that be that run this country are looking for the mines by walking around in the minefield that's not a good idea for the long term growth of the economy or for the position of the united states in the wor

would drive down americans' standard of living, shred the economic safety net, reduce access to health care and higher education and do grave damage to our public schools and their ability to prepare the next generation for the jobs of the future. and make no mistake, it's not about reducing budget deficits. republican governors and republicans here in congress are demanding budget cuts to programs that the middle class relies on, at the same time they continue to push for tax cuts for large corporations and the wealthy. call this what it is. republicans have openly declared class warfare. republican governors have the gall to attack teachers, firefighters, police officers, other public employees. in the words of indiana governor mitch daniels who called them -- quote -- "the privileged elite ." end quote. the privileged elite. our police, our firefighters, our public employees are the privileged elite? why? well, i suppose because they actually have pensions, they have decent jobs, decent wages, access to health care. for heaven's sake, we shouldn't be dragging people down because they have a middle-class life. we should be working day and night to gi

schools with higher percentages of underprivileged kids. >> i think that is shocking would be our reaction to any employee that would misappropriate any funds that are supposed to be for children, especially your most economically disadvantaged children. >> reporter: the u.s. attorney's office for maryland calls it a theft scheme uncovered last october when four laptop computers went missing. turns out one had been purchased with so-called title 1 funds. >> that's very disturbing news to hear. >> that's really bad i would say. >> reporter: parents of charles county schoolchildren reacting harshly to the allegations. >> i have three kids in public school. those kids should benefit with that money. you know, it's just like stealing money from the kids. >> reporter: the 40-year-old barnes-thomas was an elementary schoolteacher in charles county before taking over title 1 in 2006. >> it really is a program that is supposed teen the playing feel for students and -- to even the playing field for students and to provide extra for at risk students. >> reporter: barnes-thomas was placed on paid administrative leave in december, basically fired in february facing up to 10 years in prison. investigators also accuse her of

of higher -- flint, michigan, but across ohio. these grand buildings are not there anymore. that is where the high school educated men used to work and earn a good living. that does that exist anymore where economicrowth has been in washington, california, silicon valley. host: let me go back to the figure we have on the screen to eliminate what we are discussing. 45.4% of americans holding jobs. what was the peak and when? guest: in 2000 which happened to be the economic peak as well as the cultural peak when the baby boomers hit there maximum entry into the work force and when women were entering the workforce in the highest numbers. it was between 2000-2010 when the decline started. i was born in 1957, the peak year of the baby bell, more and -- -- of the baby boom, the most babies post war. i am from a family of 5 and i have 2 kids. this dependency ratio, workers supporting people who are not working with a our kids, seniors, prisoners, college students, has started to change dramatically and will do so for the next 10 or 20 years. host: you wrote about this and the aging of 77 million boomers of born between 1946 and 1964. this is changing the relationship between workers and dependents. can