>> guest: about karl marx? c-span: yes. >> guest: partly because he's regarded as the intellectual father of all subsequent socialism, communism and so on. he was a german, of course. he was exiled from germany after his involvement or presumed involvement in some revolutionary activities, revolutionary journals, and he came to england and therefore he lived a good chunk of his life in england. he didn't get involved in any revolutionary or even radical movement in england, but he was the intellectual father of socialism and of communism. c-span: what are the chances that in a hundred years gertrude himmelfarb will be the absolute authority, like we're talking about karl marx today, on the

>> guest: about karl marx? c-span: yes. >> guest: partly because he's regarded as the intellectual father of all subsequent socialism, communism and so on. he was a german, of course. he was exiled from germany after his involvement or presumed involvement in some revolutionary activities, revolutionary journals, and he came to england and therefore he lived a good chunk of his life in england. he didn't get involved in any revolutionary or even radical movement in england, but he was the intellectual father of socialism and of communism. c-span: what are the chances that in a hundred years gertrude himmelfarb will be the absolute authority, like we're talking about karl marx today, on the victorian age? >> guest: i'm not going to try to even address that kind of question. c-span: how do you think it happens that karl marx is so important in intellectual history? >> guest: he first enunciated a doctrine which then threatened to take over the world. it did take over for a while a whole chunk of the world, didn't

this person to life who is so little known and so some of the other characters in your book like karl marx and friedrich engels are better known. he tells her story and try to explain how their lives helped to develop their idea, too, didn't you? >> guest: i have a lot of fun with marks and ingalls because again, look, all these people that i write about, there are dozens of biographies and i'm not pretending to have come up with a great new and original facts or insights, but again, i never realized that karl marx never went into effect. >> host: he was cut off while ingalls did all the hard work. >> guest: that's right. literally. i mean, the one job -- he was also the world's biggest slacker because the one job that he held in england which is constantly being described in glowing terms, he was a columnist supposedly for the new york herald, and until the civil war, and it turns out that ingalls goes through every single one. now the other thing that really blew me away is that the income which can largely from inheritance and of course from his guardian ansel put him in the top 5% of b

pretending to come up with great new original fact or insights, but again, i never realized that karl marx never went darken the door factory. a poster that is one of the fascinating rooms to the cuddy tells he stayed in his room and was cut off while essentially ingalls to all the hard work. >> guest: that's right. the delay. the one job -- he was also the world's biggest slacker because the one job he held in a newland which is constantly being described in growing terms he was a columnist supposedly for the new york herald, and until the civil war it turns out that ingalls goes through it every single line. now the other thing they're really blew me away is that marks in come which came largely from inheritance and course from his guardian angel put him in the top 5% of british households so this was, you know, these were all kind of regulations. i'm sure that, you know, in fact i know that some scholars have discovered these facts could never emphasize them enough. >> host: the fact you bring together the human stories and the development of ideas and try to explain how they together w

of american real estate has a higher mortgage than the property is worth until we start quoting karl marx let's take a short break now just a reminder to michael hudson is my guest on the show today a wall street analyst professor spotlight will be back shortly after a break so stay with us. a i. download the official anti application. i pod touch from the shops to. enjoy life on the good. video on demand on teens my fuel costs. are s.s.p. just now in the palm of your. question on the dot com. welcome back to spotlight i'll bring up in just a reminder that my guest on the show today is michael hudson professor and wall street financial analyst michael well we've been discussing the situation in the world economy first of all in the american economy and it looks like that the economic problems so far have. led to a rise of popularity of right now wing ideas in that says well the tea party for one yes and does that mean that the u.s. left today is incapable of offering the society offering business any any breakthrough ideas ways of of the coming from it certainly is capable. in dennis beca

of american real estate has a higher mortgage than the property is worth until we start quoting karl marx let's take a short break now just to remind them to michael hudson is my guest on the show today a wall street analysts to spotlight will be back shortly after a break some steam. your is when you look for nuclear winter against all odds. in human blonde isn't measured in barrels. when your brain is more than your body. have no idea really. welcome back to spotlight i'll go another just a reminder that my guest on the show today is michael hudson professor and wall street financial analyst michael well we've been discussing this situation in a world economy first of all in the american economy and it's a. looks like that the economic problems so far have. led to a run of popularity of right wing ideas in their heads as will the tea party for one year and does that mean that the us left today is incapable of offering the society offering business any any breakthrough ideas ways of overcoming it certainly is capable in what. the representative from ohio has often said however it doesn't

now asking if the preceding generation was an aberration and of capitalism as we know it is dead karl marx it seems was partly right in arguing that globalization financial intermediation run amok and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct if it isn't death then it's radical change with key people are stretched to their limit free trade which the doha round in passed in two thousand and six carbon trading still sees developing nations saying they shouldn't have to pay for what developed nations have already done just concerns have heightened economic parochialism and deregulation that path led to banking bonuses lehman brothers tarp and massive banking socialization but when it comes to ordinary people we suffer cuts we suffer austerity measures so it's about making up his clothing and making it clear the problems of capitalism itself says the global economy teeters the generation of our capital isn't the same as a self-evident and righteous and has passed if it isn't dead it will be different and on the road ahead more questions wi

of american real estate has a higher mortgage than the property is worth until we start quoting karl marx let's take a short break now just to remind them to michael hudson is my guest on the show today a wall street analyst professor spotlight will be back shortly after a break some steam. publishers' that so much i can tell you that you are practicing to model the taliban bad guys in nine eleven what has been accomplished what has been lost as america's so-called war on terror made the us in the world a safer place and what. the term is to attack that became synonymous with pure evil. the senseless slaughter of almost three thousand people stunned the world. and it all seemed like a nightmare. ten years on. r.g.p. remembers the attacks and its aftermath. a look back at nine eleven on our key. welcome back to spotlight i'm al green of and just to remind you that my guest on the show today is michael hudson professor and wall street financial analyst michael while we've been discussing this situation in a world economy first of all in the american economy and it looks like that the econom

of american real estate has a higher mortgage than the property is worth until we start quoting karl marx let's take a short break now just a reminder to michael hudson is my guest on the show today a wall street analyst professor spotlight will be back shortly after the break some steam. the official tea allocation i phone oh i pod touch from the i choose our. life on the. video on demand r.t.s. my costs. are as is feeds now in the palm of your. com. welcome back to spotlight lovely just to remind you that my guest on the show today is michael hudson professor and wall street financial analyst michael while we've been discussing this situation. in the american economy and it looks like that the economic problems so far have. led to the rise of popularity of right now we. will be the tea party for one year and does that mean that the u.s. left today is incapable are offering the society our free business any any breakthrough ideas ways of overcoming good certainly is capable in this concern of the representative from ohio has often said however it doesn't get much of a hearing and the lef

come up with great new original facts or insights, but, again, i didn't -- i never realized that karl marx never went -- darkened the door of a factory. >> host: that was one of the most shocking details. the fact that he stayed in his room writing and was entirely cut off while essentially engles did all the hard work. >> guest: that's right, literally. i mean, the one job -- he was also the world's biggest slacker because the one job he held in england which is constantly being described in glowing terms, he was a columnist, supposedly, for the new york herald and until the civil war. and it turns out that frederick engles goes through every single one, okay? now, the other thing that really blew me away is that marx's income which came largely from inheritances and, of course, from his guardian angel engles put him in the top 5% of british households, okay? so this was -- you know, these were all kind of revelations. i'm sure that, you know -- in fact, i know that some scholars have discovered these facts, but never emphasized them enough -- >> host: the fact that you bring together the

you sound like karl marx with the working class.an't be in a society and not own the means of production. you need to feel as though you are part of america and fully embrace our americanness to maximize the power and as a collective. are you saying that the black man and woman want to reduce the self confidence and embrace their americanness? >> i meal like a lot of black americans love where they are from. houston, atlanta, detroit, chicago. they love the city they are in, but feel tortured about mex because the 3/5 of a man thing. whoever. things that happened in their own life. am i american? i love america, but i am tortured about america. we have to be part of america and feel fully part of america to get the full embrace and get the most that we can get out of america. the election is a home going and feeling of wow. maybe we are. i finally feel at home in the country and in the wave of hate crimes and the rash of racism against obama and others said yes, the country has not changed. >> do you think finally president obama ha

it's a term made famous by that influential socialist karl marx. short, marx describes class warfare as when the lowly worker rises up against the higher class that exploited him making those rich people play. from the university of virginia, calling it bumper strip language. democrats love it. republicans hate it. so the "talk back" today, is a hire tax on millionaires class warfare? facebook.com/americanmorning. facebook.com/americanmorning. i'll read your comments later this hour. >> 54 comments before we even sat on the set? people obviously striking a cord. >> a term used to keep things from getting done in our country and people do really care. i'll be interested to hear what you have to say. stay tuned. >>> meanwhile, "dancing with the stars" kicking off its 13th season last night. 13 seasons? when all over, seemed the most talked about contestant, chad bono, can really cha-cha. did i say that? the judges raved praising his footwork and choreography. wow. not bad. as for our own nancy grace, she made her debut starting out behind the anchor d

this is something the karl marx said. while we realize that you learn something about the history of england is that it is a very peculiar country in the number of ways i will explain to you. to expect other countries to replicate england's modernization path i think is highly unrealistic. in fact, in my view it was china. china did not establish the first day. that happened a lot of places, egypt, mesopotamia, valley of mexico. the chinese established the first modern state, not based on hiring your cousins and friends who in the government, but based on civil service examination, centralized administration. they did this in the third century b.c. it's a historical achievement that i think a lot of people would not adequately recognize. instead of starting with england work reset realm and i'm going to the magna carta and demise of democracy in england, a maine license to certainly china. china created the first modern state. where their societies differ from china? that's the basic background. there are three important

this is something the karl marx said. while we realize that you learn something about the history of england is that it is a very peculiar country in the number of ways i will explain to you. to expect other countries to replicate england's modernization path i think is highly unrealistic. in fact, in my view it was china. china did not establish the first day. that happened a lot of places, egypt, mesopotamia, valley of mexico. the chinese established the first modern state, not based on hiring your cousins and friends who in the government, but based on civil service examination, centralized administration. they did this in the third century b.c. it's a historical achievement that i think a lot of people would not adequately recognize. instead of starting with england work reset realm and i'm going to the magna carta and demise of democracy in england, a maine license to certainly china. china created the first modern state. where their societies differ from china? that's the basic background. there are three important

this is something the karl marx said. while we realize that you learn something about the history of england is that it is a very peculiar country in the number of ways i will explain to you. to expect other countries to replicate england's modernization path i think is highly unrealistic. in fact, in my view it was china. china did not establish the first day. that happened a lot of places, egypt, mesopotamia, valley of mexico. the chinese established the first modern state, not based on hiring your cousins and friends who in the government, but based on civil service examination, centralized administration. they did this in the third century b.c. it's a historical achievement that i think a lot of people would not adequately recognize. instead of starting with england work reset realm and i'm going to the magna carta and demise of democracy in england, a maine license to certainly china. china created the first modern state. where their societies differ from china? that's the basic background. there are three important

it is a term made famous by that influential socialist karl marx. he describes it as when the lowly worker rises up against the wealthy class who exploitded him making the rich people pay. so to top the question this morning, is a higher tax on millionaires class warfare? facebook.com/carolcnn. i will read your responses later this hour. >> want to talk about the proletariat next. >>> here's a rundown on the stories ahead. leaders are meeting in new york including the leader of the libyan national transitional council. he is meeting with president obama for the first time and a. >>> an a new beginning for the u.s. m. officials saying good-bye to don't ask don't tell. >>> read any good books on politics lately? there are two. >>> here's one, a fisherman shows off this monster catch, 800 pound gator. >>> nancy grace, like you have never seen her before, bustin' a move on her "dancing with the stars" debut. >>> also want to go to president obama speaking at the united nations regarding libya. let's take a listen. >> i'd like to thank president mustafa

. >> host: from what did friedrich engels and karl marx, where did they come from?from what tradition, what issues? >> guest: well, they came from germany. they'd wound up in england where they felt, as many other people did, that they were witnessing the, um, the modern age in the most, in the capital of the world. the creation of a commercial, free market, democratic society that completely, um, overturned the traditions of the past. and their feeling was -- remember, they were germans who came from a much poorer, um, much more authoritarian country. and they came with the notion that this wasn't going to work, that this commercial society that england had developed was going to self-destruct. and their reasoning was that the nation was getting richer but that the people who worked could never, could never benefit. >> host: one of the things that struck me in your book was at one point in industrial england the average life span of a male in manchester, england, was 17 years. >> guest: well, cities were, i mean, this is interesting because cities were very unhealt