history of human prosperity it is due to capitalism with the humanity out of the dirt john: day que john mackey. when we return drugs and booz i say it should be legal. next. [applause] [applause] john: we are back with "students for liberty" in washington d.c. where i'm impressed 1,000 of you choose to spend your weekend debating things li constitutional psychology and hijacked and i was more interested in alcohol and it was legal as a drinking age was 18 but now it is 21 and most do this are younger than an ad and drug czar illegal. students, i assume none of you ever drink or use drugs? [laughter] i know what you to incrimate yourself for parents may be watching but how many think most break the drug or alcohol laws? just about everybody kennedy was a tv personality at mtv and was 20 and grew up in the music business there was no lawbreaking or drug use there? >> not on my end because i made the choice which was very boring for me but there were drugs and alcohol and marital relations with the unmarried people that i did not participate. john: you very street and 20 years old you were at mtv

now i make this argument it is stupid left brain thinking said john mackey. his book conscious catalisms says busininess is noble and we should start explaining that the ability. >> it is the greatest value creator. it has lifted billions out of poverty. consider 85 percent lived on less than $1 per day now with a 16%. if we embrace economic freedom prosperity follows. john: how would you explain it? even my closest friends don't get it. but by and large it hurts people. it takes from the pork and gives to the rich. >> it's not true. it has lifted more people out of poverty over 200 years than any other thing that has existed. it is a great value creator otherwise if the critics critics, intellectuals who have always hated business captures the narrative. it is selfish, greedy, explicative and that needs to be challenged and cnged. john: your book is called conscious capitalism that most not conscious? >> apparently not. most business people are not conscious of the great value they are creating. there on the defensive, they cannot articulate why business is

now i make this argument it is stupid left brain thinking said john mackey.is book conscious capitalisms says business is noble and we should start explaining that the ability. >> it is the greatest value creator. it has lifted billions out of poverty. consider 85 percent lived on less than $1 per day now wi a 16%. if we embrace economic freedom prosperity follows. john: how would you explain it? even my closest friends don't get it. but by and large it hurts people. it takes from the pork and gives to the rich. >> it's not true. it has lifted more people out of poverty over 200 years than any other thing that has existed. it is a great value creator otherwise if the critics critics, intellectuals who have always hated business captures the narrative. it is selfish, greedy, explicative and that needs to be challenged and changed. john: your book is called conscious capitalism that most not conscious? >> apparently not. most business people are not conscious of the great value they are creating. there on the defensive, they cannot articulate why business is go

now i make this argument it is stupid left brain thinking said john mackey.is book conscious capitalisms says business is noble and we should start explaining that the ability. >> it is the greatest value creator. it has lifted billions out of poverty. consider 85 percent lived on less than $1 per day now with a 16%. if we embrace economic freedom prosperity follows. john: how would you explain it? even my closest friends don't get it. but by and large it hurts people. it takes from the pork and gives to the rich. >> it's not true. it has lifted more people out of poverty over 200 years than any other thing that has existed. it is a great value creator otherwise if the critics critics, intellectuals who have always hated business captures the narrative. it is selfish, greedy, explicative and that needs to be challenged and changed. john: your book is called conscious capitalism that most not conscious? >> apparently not. most business people are not conscious of the great value they are creating. there on the defensive, they cannot articulate why business is

let's bring thinking john mackey. he started whole foods. conscious capitalism.obility to people not just numbers. what do you mean? >> business is the greatest value player in the history of the world. businesses lifted billions of people out of poverty. consider the fact that 200 years ago 85 percent of the people li alive lived on $1 a day. that's 15 percent as we embrace economic freedom prosperity follows. >> i don't know how you would explain it to people. even my closest friends don't understand. biep and large it hurts people. it hurts the environment. it takes from the poor gives to the rich. >> it is not true. business has lifted more people out of poverty in the last 200 years than anything that ever existed. business is a great value coordinator. the intellectuals they captured the naturety. that's greedy exploit tate tive and that narrative needs to be challenged and changed. >> your book is called conscious capitalism meaning most of the people in business aren't conscious of -- >> apparently not. they are not conscious of the great value they are c

this week we learn the ceo john mackey sold 50,000 shares worth $4.4 million.re than 700,000 shares. whole foods down 1.5% right now. down some 4% this year. >> the senate sub committee hearing on jp morgan's $6 billion trading loss is under way on capitol hill. we brought you a portion of the q&a segment a few months ago. let's get our own update with kate kelly who is live with that. >> we're in the midst of a very short break with the former cio. there's a theme unfolding here. these very much defended her own management capabilities. said it had to do with an outdated risk model. but also because her own team did not do what they were supposed to. let's take a quick listen to what she said there. >> in particular i relied on the exper experts to vet and supervise training and elevate important concerns to me. >> so this is a theme that we're also hearing about from the senators today. senator mccain and levin giving harsh critics. in a later exchange mccain was talking about the fact that no one on the panel could seem to figure out who was directly respons