was a first rate hack communism sucks so let's never engage the idea that karl marx is someone we should look up to second of all it is a thrill to hear people say and recognize that the eight point three percent unemployment numbers in america are false because when you don't include one point two million people on the rolls you can say that the number has gone down number three it is capitalism the open market that creates jobs and opportunities allows people to grow thrive and survive you can't say and you can't sit there and pretend that you're in any way have any intellect whatsoever and say that dependency doesn't put downward pressure and doesn't hurt people from rising up if you create an opportunity for people to get something for nothing and you put them in a place to desire the something for nothing they will never try and build up to say otherwise if you think that if you go on welfare you're just going to just. david go ahead i don't think you'll say sure there's only one david i don't know i just tore up their welfare checks and went to work the jobs would be there r

it is a story of the great economic thinkers starting with adam smith and covering karl marx and john maynard keynes and all those people. his favorite economists were all very pro-government activists, whatever you want to call them. my perspective is more, i wanted a more balanced approach. so i wanted to highlight one of the free-market thinkers, and what their role was. the heroic figure in my book is adam smith, the founder of modern economics. so i discovered by making adam smith the central character of my book and the theme of natural liberty, i was able to actually tell a story. this book is actually a story with a plot, how adam smith and the system of natural liberty are treated over time. how they come over under attack and how they are resurrected and brought back to life and even improved upon so it is really a unique, i think i've done something very unique. in this textbook is popular because i make it a historic story, the character triumphs in the end. he is the model that i see as the ideal. >> who was loved while monday's -- ludwig von mises. >> he initially taught

but you want to make him the son of karl marx in the w house? go ahead and do that. >> b you do have two views of the economy. >> one reason the tax thing does play is we have the latest banking scandal the libor scandal. bankers and business increasily distant from the american public. they are the super-rich, super- crooked. people cannot figure out how to get out of this -- >> obama was not speaking about an interest-rate he was speaking abouout entrepreneur -- was not speaking about bankers. he was speakinabout entrepreneurs and said that if you -- >> gaffes are even less important than tax returns. these are for all pickups -- >> you are wrong abouut that. is a gaffe in the washington definition, when pololitician accidentally says what he believes. this is a philophy of government that obama has, that it is the center of american life -- >> i know we want to be fair. when you go back to the kansas spee that statement was about ddy roosevelt liking the free enterprise sysystem but sayingng that we also hav to have infrastructure in this cou

but you want to make him the son of karl marx in the white house? go ahead and do that. >> but you do have two versions of the economy. >> you do, and one of the reasons this thing does play is that we had this banking scandal, the libor scandal. business thinks obama is the enemy, but bankers and business are increasingly distant from the american public. they are the super-rich, the super-corporate, it appear -- super-crooked, it appears -- >> obama was not speaking about bankers. he was speaking about entrepreneurs and individuals, and he says that if you think you are responsible for your success -- >> does not -- > >> arguing about gaffes is less important than tax returns -- >> you are wrong about that. it is only a gaffe in the washington definition, that i guess when a politician accidentally says what he believes. >> i know we want to be fair. if you go back to that kansas speech, that statement was about teddy roosevelt, who said that we also had to have the infrastructure in this country. same thing obama is talking about. >> i would like

. >> rose: can you study karl marx at university. >> that is my point, no, i was never assigned one word of the mature marxist economic critique which is encap still lated in three volumes of capital, not at harvard, not at stanford and not at yale. >> rose: suppose you wanted to write whatever, a thesis, a dissertation, on the ideas of karl marx, would somebody say that is unacceptable? >> absolutely. >> rose: at harvard, yale and stanford. >> absolutely because that happened to me, i went at yale which is where i got my ph.d. in economics, i went to them and i proposed that i wanted to do a dissertation on the colonial economic system it pertained in east africa, the british in a country now called ken, i can't it used to be called the east africa protect frat i went to them and i said that and the professors names will remain unmentioned, and they said, to me, colonialism and the marxist approach are not appropriate titles for a dissertation and so if you look me up in the yale -- >> rose: they say that for whawhat aren't? >> they didn't have to, it wasn't appropriate,. >> rose: it wa

karl marx argued that capitalism would destroy itself and he said that because under a capitalist system you start with a group of people in the population, say the workers have most of the wealth in the red here. right? but over time, what happens is that the wealth gets transferred more and more in to the hands of fewer of these capitalists individuals or the bourgeous until you get to the point that the vast majority of the wealth is in the hands of a few capitalists and the vast majority of the population has little or nothing to show for it. so let's go just one more here. when you get to this stage, marx says that you get a violent revolution. that purple, that's the vast majority of the wealth in the hands of a few guys and then the slice is the wealth in the hands of the population. the state will confiscate and own it on behalf of the people temporarily and that's socialism. it's great, of course, right? here in the socialist state and the state owns everything. that's what the marxist thoughts and what marx thought. no society unfortunately ever got past this stage. what's inte

obama is a communist and my husband said don't use that word say radical or marxist by the you know karl marx wrote the book the communist manifesto so i don't see why people are afraid to say there weren't communists what obama is proposing. you've got to come right down to it it is socialism it is so ugly and evil it doesn't work it's never worked to see that rabbit ears guy sitting in the white house and what he does that is stationed in three years i remember i said you know i don't want to even have to be associated with them it's like touching a tar baby mr president you don't believe in the constitution you believe in socialism a big central government where the federal government controls everything in our lives that's socialism and so i stick by that these failed socialist policies that obama has done to this kind of prepare you to have a debate about who the extremist is on these issues it is president obama very proud statement and of the fact that we have a president that's a socialist what could be better for a socialist president so no big doesn't ever use racist terms or the wo

production gets under the capitalist system the more poverty expands it's the classic you know thing that karl marx spoke of years ago overproduction the capital system is not going to be able to tell it things you thought activist khaled mopin the new york. we're going to say we'll keep our protest in the u.s. next to a full wall street insider explains why she switched sides to join the movement coming up. for seven years she was a wall street insider to day she is an occupy wall street activists alexis goldstein joins me now to talk about her experience in one of america's most profitable industries alexis thank you very much for sitting down with r.t. thank you for having me since the start of the occupy movement in september two thousand and eleven you may be possibly one of the most vocal wall street insiders in the u.s. to come out and pretty much blow the whistle on the culture there you recently wrote an article saying that wall street major you cynical or depressed exhausted and paranoid and you felt everyone was out to screw you you spent seven years there why did you put up with that ki

well unfettered unregulated capitalism is as karl marx understood a revolutionary force it knows no limits it commodifies everything human beings become commodities the natural world becomes a commodity that it then exploits until exhaustion or collapse and for that reason once the regulations and controls legal controls are lifted which is what's happened there is built within this force a kind of self. quality and we see that with climate change that's why the environmental crisis is intimately twinned with the economic crisis the only words they know is more ever they serve quarterly profits that is if that means they trash the ecosystem on which the human species depends for a life if that means that they hollow out our countries as they are currently to create a global neo feudalism a world of masters and service a world where with the working class in order to be competitive has to be competitive with prison labor in china or sweatshop workers in bangladesh who who make twenty two cents an hour that is what not only what they will do that is what they are doing so we went to those pl

within the stat elections they descend on legislators to shut down the nor esi pre idofl marx --karl marx to the way the happy uture. the ok i have written, hc al tenelvan ns h erva noe y the powerless and the poor as they claim. among the 12 rhest laakers in congress,emocrats outnumber republicans three tooe inei aehrc eilil rions democrats. some as high as 86%. wall streetraised$09 el ti tha democrats displayed their financial muscle. and that is the focus of the "tewl." picrgtste crsh tra emanending, their political dollars. "the new leviathan" is the name we have given to a left-wing network of billion dollars ral oups and constitute e largest, mt powerful political machine ever assembled. an is n ee intrusivestate, collective rights are individual rights erosion of america's sovreigty and eundemini of r onaldfns fug o se wievanma 115pac have been foundations of $100,000,000,000.9. covati esorcs compare with cocty 10es s large as the conservative ones. the left is all fantic about the oeosad p m tafs th rhers to a tax-exempt foundation. if assets are $239 million. that may sound like

economics are along the line of karl marx, communist manifesto. redistribution, collectism.eign policy comes from bill ayers where exceptionalism is more a disease than something to strive for or a goal. we hear that and center right hears that and they go well, no, no more, not four more years. >> dana: bob, still no comment? >> bob: i have no comment. >> dana: greg, then. bob doesn't have a comment. so you get a chance. >> greg: i want all of it. all right. i don't blame -- >> dana: you're redistributionist. >> greg: tru bob is not going to defend president obama. i'll defend him. it's not his fault. he never produced anything other than slogans. the last one he did about you didn't build this, he stole that from elizabeth warren, which technically makes him 1/64th cherokee. if he steals from her, he's also native american. look -- >> kimberly: the first native american president. >> greg: he is. the problem is soaring, we now realize that the soaring rhetoric he's known for is spontaneous as a moon landal. when he goes off the prompter, this is what you get. you get like

the call made me feel like karl marx was right.es that tell where you facebook might eventually be going? all in all, a baffling night. it might be undervalued when you consider the growth this year. google, for example, became public in 2004 with decelerating growth, too, but thaw posted a gain, much better than facebook at the time google stock traded at half. what does that tell you where facebook is going? all in all, a baffling night. you have one company, facebook that used the conference call as a sales pitch, potential news feed, story content on mobile devices, instead of doing what they were supposed to, give you a sense of how the company is doing and might do in the future. starbucks, sales moderately stumbled in june, sounded like a cliff jump. third company, amazon, missed the numbers by a mile but stock went through the roof anyway because it is taking over the e-commerce world by storm. here's the bottom line. the market loved amazon, disliked starbucks and hated facebook. i don't know, i don't expect to change any

me is that many americans, almost half, believe that it was written by james madison rather than karl marx. and just so you know, he is not one of the three stooges. they actually have brothers but they were not funny. we can keep going. this goes to the topic, as they say. you may remember a few years ago, congressman john boehner held up a copy of the constitution and set i stand here with the founders who wrote in the preamble. unfortunately, as we know. i begrudge no one because my blind spots, i'm sure before i started this project were as wrong as anyone. if you has to have a constitution began years back, i would've said it was the best of times and the worst of times. and in some degree, and actually was. i just want to say thank you for being here. it is so good to see so many friendly faces out there. in fact, if it is possible for someone to rewrite the entire constitution, i am in fact humbled. i would also say to you that many friendly faces are slightly less friendly today, because you had to pay to see me talk. i understand. and i would encourage you not to think of it as a

the call made me feel like karl marx was right.does that tell where you facebook might eventually be going? all in all, a baffling night. you have one company, facebook that used the conference call as a sales pitch, potential news feed, story content on mobile devices, instead of doing what they were supposed to, give you a sense of how the company is doing and might do in the future. starbucks, sales moderately stumbled in june, sounded like a cliff jump. third company, amazon, missed the numbers by a mile but stock went through the roof anyway because it is taking over the e-commerce world by storm. i don't know, i don't expect to change any same soon. three high-profile companies going in three different directions and seems two are lost but one is definitely found. after the break, i will try to make you more money. >>> coming up, sprinting ahead? after sinking to almost $2 a share, investors have been rooting for this wireless underdog. sending its shares soaring over 100% in just six months. can it go the distance or will it

un ynkhaiv the discredited ideas of karl marx and jimmy carter is the way to the happy future. the book that jacob and i have obatth draich we call "thene progressives are not the party of the powerless and the poor as they claim. among the 12 richest lawmakers in congress, democrats outnumber republicans three to oe. nineteen of the twenty richt zip cod aca me lion's share of their political contributions to democrats, some as high as 86%. wall street rais $100 million to elebara o20. but it's not just at election time that democrats display their muscle, and that's the focus of "the ne leviathan." it is in the space betwee eltion ithatt ame ptiarnt atdeat swir real supremacy and spending their political dollars. "the new leviathan" is a nme we have given to a left-wing network of billion dollar gomen grassrootsvocacyhink radical groups and constitute the largest, most powerful litical machine ever assembled. the agendas of this new an ever-expanding state and ever more intrusive state, collectivist rights over individual rights, the erosion of american sovereignty and the und

that story read like a karl marx primer on the front page of the "journal "this morning. it was awful. all right. i'm sorry. sorry i took the last word. zach carrabelle, thank you. barry knapp, thank you. next up, record drought leading to the worst crop conditions in nearly a quarter of a century. now official figures showing it could hit your own investments and your pocket at the grocery store. that plus other break in headlines coming into the cnbc newsroom. i'm kudlow in washington. please stay with us. [ feedback ] attention, well, everyone. you can now try snapshot from progressive free for 30 days. just plug this into your car, and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. i don't spend money on gasoline. i don't have to use gas. i am probably going to the gas station about once a month. drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put

the most important thing is to control and have power and if you trace it back to the writings of karl marxint where politicians promise more largess to separate groups from public treasury that is the means by which they'll try to promote their re-election and control over the people. >> dave: and, a a fundraising event at port st. louaint lucie said the president would rather you be his slave and have us economically dependent on him. how regret the language you used at all. >> absolutely not. we should not regret telling the truth in the united states of america and that separates a politics from a states man. when you look at the fact in june we had more people going social security disability than jobs created and 7 million more americans are on the poverty role, and, during the time the president was there and he had nancy pelosi and harry reid we took unemployment benefits from 26 to 27 weeks up to 99 weeks and what we are doing is we are creating a well fare entitlement class and are trying to put the production class against them and that is part of this divisive rhetoric you see c

to read the, a manifesto, karl marx argued that capitalism will destroy itself. he said this because under this system, you might start out with a group of people, the population, the workers would have most of the wealth in the red. over time, what happens is that the wealth gets transferred more and more into the hands of pure -- fewer capitalists. until, near the end, you get to a point in which the vast majority of the wealth is in the hands of a few capitalists and the vast majority of the population has little or nothing to show for it. let's go one more here. when you get to this stage, he says you get a violent revolution. that purple, that is the vast majority of the wealth in the hands of a few guys. the tiny slice, that is the wealth in the hands of a tiny region of the majority of the population. -- of the majority of the population. socialism is gray. the state owns everything. that is what the marxists thought. it is what he thought. what is interesting is that the very moment he was writing the communist manifesto, a few miles away in factories in