well of course if we look at the neoliberal turn in the one nine hundred seventy s. what's going on is that at that point wealth and income had dropped to historic lows for the a per one percent the upper ten percent the point one per side and so you have reagan coming in the us that are coming in in england and you see a massive upward transfer of wealth so for example by the mid one nine hundred seventy s. the top one percent of the population held about twenty percent of the wealth that was a historical low by the late one nine hundred eighty s. barely a decade later it was up to thirty five percent and recently we are now above gilded age levels the four hundred richest families in the country in america that have more wealth than fifty percent of the population that are hundred fifty million people and we need to really understand we can talk about the neoliberal moment in terms of deregulation flexible they should trade liberalization personal responsibility we can talk about the idiology and tools of it but really what it is is about a massive upper transfer o

i mean, they had neoliberal orthodoxy imposed directly. i mean, you know, i, again, turned 20 mad madagascar. madagascar had three accounts of nonviolent revolution in 20 years. the first one, the guy in power thought he was running the place, so he went to the imf, which, you know, they kicked out the previous guy of north korea but new enough about power to do what he was told. they kicked out him. the new guy was a brain surgeon and went to the imf and said, well, name one country that did what you say and is now rich? they said, shut up and do what you are told. he said no. if you don't have a treaty, the world bank doesn't give you money, then there's no american aid, if no american aid, you can't get export credit. basically, it was the economic equivalent of dropping a nuke on the place. people died. they have that power to do that to people who don't play along. >> go back to the new york city fiscal crisis, one said they have to start charging tuition at universities. free under referendums in 1847, and they said i know this is no

promoted from assistant professor to associate professor need to publish in these journals the neoliberals make sure that if you don't believe the myth that they've told that travesty of economic history that somehow you're not able to get a job and this is. shown for instance when the neo liberals came to russia after nineteen ninety russia believed that it was being told how the west developed and the west wanted it to develop the way it did in reality the neo liberals told russia to do exactly the opposite of how america got rich to tax labor not real estate and finance not to have progressive taxation and indeed to focus on finance rather than an industry and you've seen the disaster that happened in all of the polls soviet economies and it was completely unnecessary to happen so the neo liberals in america no longer have the history of economic thought being taught in the academic curriculum you no longer have economic history being taught you have textbooks that act as if the whole economy operates on part or there is no understanding really of finance except in the business schools

it was really the club of neoliberalism. reminds me the quote, money has one face. creditors have been successful over the last four years, 35 or 40 years and using debt to enslave an impoverished and increasing their own wealth and power. do you think luck is running out? >> ya. 2008 so let the cat out of the bag because they can do this partly because people are so following the morality of a bullion-based money system whereby it seems like that have to be paid. what everybody discovering 2008 where they basically blew up the own system, is that debt still have to be paid. it's the lesson of a virtual credit money system. if money is just a promise, an iou, why does it have greater moral standing than any other promise? perhaps with the idea that the argument would be if you don't pay your debts, your whole life will fall apart. but, in fact, i call economic system -- the culprits didn't have to pay their debts even in. so as result i think that people realize, i mean there was a moment of lucidity right after the crash. in fact, people were willing to rethink alm

population that are hundred fifty million people and we need to really understand we can talk about the neoliberal moment in terms of deregulation flexible was asian trade liberalization personal responsibility we can talk about the idiology and tools of it but really what it is is about a massive upward transfer of wealth because even though the idiology is market fundamentalism that government should not intervene in markets government always intervenes in markets and it depends on whose side they're intervening on the keynesian moment you did have some intervention on the side of labor but now what it is it's on the side of capital so with all the various debt crisis such as the mexican peso crisis in the one nine hundred eighty s. the station financial crisis and the credit crisis now we see government intervening to aid corporations to ensure that bondholders are whole that that is what this is about i think we need to do away with the fantasy of the free market that is i'm uncomfortable purchase like to paddle ok richard if i go back to you in bangkok i mean i really brings up a very interes

european countries and this is a memory that appeals to a lot of young israelis who in today's neoliberal economy find that they can no longer count on the government to help them and in finding an apartment they can no longer be sure that their wages will be enough to sustain their standard of living they get very worried and now they're saying let's go back to what we had with the welfare state and twenty thirty years ago forty years ago and all right so the people of israel are for peace and justice they're out there a huge percentage of the population of five percent of the population is in the square in the streets protesting for peace and justice however the government of israel of course is attracting huge a problem america by playing a violence card by playing the terrorism card by committing acts of terror in palestine and around the region now let me ask you a question that when you see a u.s. politician like sarah palin wearing a star of david she's not identifying with the people of israel doesn't ever say she's too. done a fine with that government of israel though is basical

[inaudible] >> the 1970s and the more recent time, a lot of these states are most neoliberal and mostmuch write things that previously had not been, were actually not directly in the colonial rep, like parts of africa in the postcolonial era. and yet they still moved into, you know, dusted policies and no longer had free services offered by the state before that. how did that happen? >> largely to the imf. there was unorthodoxy simply imposed. correctly. i mean, can i turn to madagascar. madagascar aside to why some accounts are a violent revolutions in the last 20 years. the first one that i put in power thought he was actually running the place so you into the imf, which they kick out the previous north korea, but knew enough about he kicked out that guy. the new guy was like a brain surgeon or some thing. went to the imf inside, well, you know, name one country that did what you say and is now rich. and i said shut up and do what you're told. he said no. he signed the inf treaty. if you don't have an imf treaty the world will give you money. if you don't get american economy can't

neoliberal, neoconservative, washington consensus, corporate agenda, whatever you want to call it, it's real. and if we don't talk about that as a set of ideas that has really resulted in this mess we are in, not just for the trade union movement but for all of us, all americans, i think we miss it. i just, in simple terms, i was on these talk shows and i would say okay, so what's really going on here? let me tell a story, and then let's think about what's going on in wisconsin. the free market solves all problems. therefore anything that gets in the way of the free market is bad. right? therefore, we have to, government gets in the way so we have to cut taxes. we have to eliminate government. we have to, therefore, deregulate. if there's anything left, anything could went to privatize it. and there's something else that gets in a way called unions, so we have to eliminate them. that's it, isn't it? it's a set, it's the whole thing that fits together. so then you say, so hello, what's happening in wisconsin? you know, it's not just the elimination of unions. they are privatizing stuff.