what i am suggesting, from the premise of scarcity we actually create the experience of scarcity. then we say i told you so. we really are selfish little competitors. we see a few at the top with their riches and people struggling just to make ends meet and isn't that proof human beings are selfish? what happens? if we just trust ourselves even more, the trust in each other is declining, radical drops. we end up creating a scarcity that we say we fear that becomes self reinforcing. the good news is a lot of people are a weakening and realizing that this isn't working. this is not the world i want to live band. the ecological destruction is devastating. the human misery is devastating. partly as a result of at and breakthroughs and a narrow science and archaeology, partly as a result of breakthroughs of ecological sciences, another way of seeing the is emerging. it is taking shape. i want to take your around that spiral for a minute. instead of the scarcity mind which is the dominant mind with the promise of a lack i now see the but "ecomind" instead of seeing the world as these di

scarcity. now from that premise, we can't they think that we are able to come together in common problem-solving to deliberate together and come up with what works for the whole. no, no, were not capable of that. so what do we do? we believe. we fall for the notion that we have turnover or faith, turnover social outcomes to something that works on its own without us, something that's infallible if not magical force. ronald reagan used the term magic to refer to it, the magic of the market. i messed up those human beings we don't get involved. we just let it do its magic. unfortunately, the markets had served humanity for eons and eons of time, we've hit upon this peculiar idea for a particular market that it can result in the nine outcomes for all of us history than by one rule. high street turned to existing wealth. people already own the shares in the company and run them. so from that premise, what happens then is that what occurs to wealth increased about the increased wealth until we reach

scarcity. from that premise we can't think we are capable of coming together in common problem-solving to figure out what works for the hole. we are not capable of that if we are selfish little shoppers so what do we do? we believe the leader four main notion we have to turn over our fate and social outcomes to something that works on its own with how best that is an infallible if not magical force. ronald reagan actually used the term magic to refer to it. the magic of the market. messed up little human beings, we don't get involved. we let it do its magic. unfortunately while markets have served humanity for eons the girl we have hit upon this peculiar idea of, for our particular market that it can result in b 9 outcomes for all of us if driven by one rule. highest return to existing wealth. people already own the shares of the company and run them. from that premise highest return to existing wealth what happens then is that wealth accrues to wealth accrues to wealth until we reach the point

as a scarcity of resource. or being arrested without any provocation. there are several different reasons people are out here. >> reporter: okay so you are looking live at the occupiers. we're on the other side of frank ogawa plaza. they have food operation set up and a medic operation and they have people that patrol this area at night on the other side of the people that are up and working at the moment are people in sleeping bags. no tents. about two dozen of them in colored blobs along the sidewalk. they say they have permits to be there and have been here since they cleared out frank ogawa plaza. take a look at frank ogawa plaza it's basically a mud pit at the moment with a few scattered rats quite frankly we have seen scurrying back and forth. occupy oakland says they are here to stay whether it's over here in the tents or not tents excuse me sleeping bags or way over there sleeping in the trees. reporting live in oakland. >>> we are following overnight news in oakland. police are look for suspects in a d

food itself is not a scarcity, but keeping off -- but people often simply cannot afford it.he average wage is around 5000 yuan a month, less than $2 u.s. it is barely enough too b a kilo of tomatoes. foreign aid workers are not able to help. children while their mothereee works in a chemical factory. their father died in an accident. >> we do not have much to eat. a bit of grain, some herbs. the authorities give us some. relatives help. we get by somehow. >> it is not only the civilian population suffering. these images of north korea's armed forces bely the dire conditions most soldiers face. often, they have to with do -- make do with barely enough rice to live on. the fortifications of the demilitarized zone or a beautiful -- are brutal symbols of the risk that has tororn apat families. these are images which went around the world -- regular rail traffic never started up. it remains a little more than a symbol. symbolic gestures are something the people of north korea are well used to. kim jong il was styled as the beloved leader, the object of a near-religious personalit

your recent interviews you said i quote we are moving from a period of opportunity to an era of scarcity that's characterized by many crisis particularly the global financial crisis as quote the financial crisis point of view it reduce the scale our view of relations and project i think we're told in belt of world it is a particularly big government world are facing a major financial crisis but what we are looking for is a adjustment with a human face it we are being already putting seven million people on treatment we cannot tell them that they are. having access to their equipment and day we have named million people waiting for men what can we tell them so what we are trying to do is talk secondly bring in you did beat their own share of responsibility looking on all saw the possibility to what lays and warm. from domestic but also i believe personally and i quote for about one when i was in vienna and four it takes a shunt or a financial transaction because i personally feel that it is the opportunity to harbor in long term resources which can help to finance a development i don't be

your recent interviews you said i quote we are moving from a period of opportunity to an era of scarcity that's characterized by many crisis particularly the global financial crisis and quint the financial crisis your point of view me introduce this scheme our view of relations of triage i think we're told in and out of the world it is a day particularly to give up what are facing a major financial crisis but what we are looking for is i just i'm in we have a human face it we are being all of a deep putting seven million people on treatment we cannot tell them that they are not having access to their rent and day we have known million people waiting for treatment what can we tell them so what we are trying to do is to certainly bring in new day be there on shared responsibility looking on saw the possibility to mobilize war resources. from domestic but also i believe personally and a quarter for about one when i was in vienna before it takes a shot or a financial transaction because i personally feel that it is the usual opportunity to hover in lot therma resources which can help to fina

the hype around the shoes and their scarcity triggered mob scenes across the country. was stabbed in new jersey. police used pepper spray on shoppers outside seattle. tonight, nike says it is "extremely concerned." the latest feature on some new cars, autobrakes that stop before it's too late. that's next. and get a cold... ...you need a cold medicine with a heart. only coricidin hbp has a heart, right here. it's the only cold and flu brand that won't raise your blood pressure. coricidin hbp. powerful cold medicine with a heart. you spend all day cooking it. so why spend even a moment considering any broth but swanson? the broth cooks trust most to make the meal folks spend all year waiting for. in stuffing and more, the secret is swanson. nurse...! [ female announcer ] dawn power clean can give you the power of an overnight soak in just 5 minutes. [ sponge ] it's a scientific miracle! [ female announcer ] dawn does more. [ sponge ] so it's not a chore. >> pelley: the holiday getaway is under way tonight. between now and january 2, a.a.a. expects nearly 92 million of u

and author of the book remaking scarcity from capitalism inefficiency to democrat to economic democracy professor welcome. thank you for having me on your show thank you so much greece is literally the cradle of democracy do you think any greek citizen alive would have thought a year ago that today their democratically elected prime minister would have been replaced by an unelected banks or with ties to goldman sachs. no i think it's a very disturbing development it shows the magnitude of the crisis in greece as things have deteriorated. very rapidly traditional the traditional political establishment because some lost legitimacy and now all of the major parties of the basically right center right even the socialists in a sense are part of the sent the right of sort of aligned themselves behind the. policy and they have to unite because there is a growing opposition among the greek population and they're basically trying to. push and support these failing policies even against the growing conviction of greek citizens that these policies are not leading anywhere yeah well he was pushed o

them to get a much higher price a much higher valuation upfront it created an artificial sense of scarcity led to investors chasing it on the first day they got up to thirty last time i looked at it it was fifteen or sixteen bucks and we're talking about twenty five days afterward i.p.o. so. essentially it was two percent a day from the day it came public and the only reason that was able to happen was because they priced it way too high and they made it way too scarce or artificially scarce and i think it's just indicative of the fact that these games continue to be played nobody is at all cowed or humbled by anything that's gone on since the credit crisis well what struck me about the group on i.p.o. is something remarkable in that something like eighty five percent of the original investors had sold out almost all of their stock before the i.p.o. typically an i.p.o. is when insiders or venture capitalists have a chance to cash out some of their money but in this case almost all the money was already cashed out the c.e.o. cashed out for over a billion even before the i.p.o. this seems to

which is that debt serves as a form of for lack of a better expression slavery is an imposition of scarcity which forces people into positions that they typically wouldn't take for their purposes of integrity or education but they have to and usually at less expense to the corporation so in a way it's great for the corporate system on a certain level to a certain threshold to have many inhibited people that have no freedom to be and in fact the running joke in my community is that when you get out of college most likely you have eighty thousand dollars worth of debt your right to be enslaved into a corporate system that doesn't have to give in to your interests or take care of you so you argue debt is slavery you have some other criticisms of it as well of course we've seen the cost of it right now and so many of the issues that we cover every day on this show in the euro zone crisis with public debt that's obviously just one side of it my question then is this why you want to ditch the monetary system and if so also how do you reward work and sacrifice that people make. well the the remova

the hype around the shoes and their scarcity triggered mob scenes across the country. was stabbed in new jersey. police used pepper spray on shoppers outside seattle. tonight, nike says it is "extremely concerned." the latest feature on some new cars, autobrakes that stop before it's too late. that's next. and get a cold... ...you need a cold medicine with a heart. only coricidin hbp has a heart, right here. it's the only cold and flu brand that won't raise your blood pressure. coricidin hbp. powerful cold medicine with a heart. you spend all day cooking it. so why spend even a moment considering any broth but swanson? the broth cooks trust most to make the meal folks spend all year waiting for. in stuffing and more, the secret is swanson. nurse...! [ female announcer ] dawn power clean can give you the power of an overnight soak in just 5 minutes. [ sponge ] it's a scientific miracle! [ female announcer ] dawn does more. [ sponge ] so it's not a chore. >> pelley: the holiday getaway is under way tonight. between now and january 2, a.a.a. expects nearly 92 million of u

i learned about the scarcity of resources in the country. found a woodworking shop that hired extra workers to make 30 desks i was able to pay for with cash in my pocket and deliver to one classroom in malawi. when i told you this story last year, i knew you would be moved to help, but i had no idea how generous you would be to the kind fund. kids in need of desks, a special partnership we established with msnbc and unicef, specifically to deliver desks to african schools. you left me awe struck. as of today, contributing over 2 million dollars. that allowed us to deliver 39,949 desks, with 5,000 more in the manufacturing pipeline to be delivered soon. kids in need of desks is the permanent cause of this program. the need will surely outlive this program, as i explained to a group of public school students in new jersey who contributed over $3500 themselves and their parents contributed another $3700. if we continue at the pace we are at now on raising money to get desks for schools in malawi, how long do you think it will take to get desks

. >> i say that we must substitute for the philosophy of distributed scarcity, the philosophy of unlimitedroductivity. [applause] i stand for the restoration of full production and reemployment by private enterprise in america. [applause] the new deal's effect on business has had the inevitable results. the investor has been afraid to invest his capital. therefore billions of dollars lie idle in our banks. the businessman has been afraid to expand his operations. many hands have returned to the unemployment office. low incomes in the city and irresponsible experiments in the country have deprived the farmer of this market. for the first time in history, american industry has remained stationary for a full decade. i charge that the path this administration is following will lead us like france to the end of the road. i say that this course will lead us to economic disintegration and dictatorship. i say that we must substitute for the philosophy of spending, the philosophy of production. you cannot buy freedom. you must make freedom. [applause] >> from elwood, indiana, in august of 1940 to t

a scarcity of the kissing plant has also led people to buy artificial mistletoe sprigs instead.word if that has the same effect as the real stuff. >> apparently there is a severe shortage. don't have any around here, either. >> we'll get some for tomorrow. >> always tomorrow. >>> the last "occupy" encampment is coming down. but not without a fight. two sweeps in less than 24 hours. what is still standing at "occupy berkeley." >> congress is doing its job. your paycheck is not about to shrink. why the gop changed its tune at the very last minute. >>> a series of attacks days after american combat soldiers rolled out. the suspects in a wave of bombings. alive, despite two seperate sweeps today. >>> they have gone from 100 tense to a handful. the berkeley "occupy" movement is fighting to stay alive despite two separate sweeps today. it is the last remaining "occupy" camp in the bay area. some of the protestors aren't ready to give up. joe vazquez reports. >> reporter: there are six or 7/10ths left in the park and you see them holding a general assembly what to do next. police said

because climate change is predicted to increase food and water scarci scarcity, increase the spread of disease and spur mass migration and environmental refugees due to more intense storms, floods, and droughts. mr. whitehouse: there was similar testimony in the senate intelligence committee. and the the witness who testified before us released his testimony before the house intelligence committee and very much the same conclusion. "we judge, that global climate change will have widespread implications for u.s. national security interests over the next 20 years." and the factors that would affect u.s. national security interests as a result of climate change would include food and water shortages, increased health problems, including the spread of disease, increased potential for conflict, ground subsidence -- the earth lowering -- flooding, coastal erosion, extreme weather events, increases in the severity of storms in the gulf of mexico, disruptions in u.s. and arctic infrastructure, and increases in immigration from resource-scarce regions of the world. now, there are probably clima

environmental degradation and the further weakening of fragile governments, as well as food and water scarcity." that's from our own c.i.a. but it is not just scientists around the world, not just government agencies in the united states. you have a business whose life and death, whose profit margin depends upon understanding this issue, and that is the insurance industry. if the insurance industry ends up paying out a whole lot of money when there are disasters, they're going to lose money. they have to understand climate change and the disasters, weather disturbances that occur from that and this is what they say in a report from the national association of insurance commissioners found there is -- quote -- "broad consensus among insurers that climate change will have an effect on extreme weather events" -- end of quotes. and those are guys whose profit margins depend upon that analysis. madam president, -- madam president, many americans and people around the world are concerned about the future impacts of global warming on our planet, and what's going to happen ten, 20 years down the line,

there's increasing recognition that water scarcity raises tensions. coupled with our changing climate, the future of our water supplies both here in the u.s. and around the world, is a cause for grave concern. in my home state of new hampshire, the fastest growing of all the new england states, we're projected to add 260,000 new residents by 2030. while we're fortunate to have abundant water supplies, we face our own challenges from increased flooding and ageing infrastructure. i'm very pleased to acknowledge harry stewart, who is from new hampshire and is joining us from new hampshire's department of environmental services where he heads the water resources division, to provide the perspective from not only new hampshire, but from the northeastern states. while we have seen great strides in technology to overcome water challenges, we don't yet have a silver bullet to overcome water scarcity. at the same time, there are innovative ways to reduce water consumption using existing technologies. our armed forces have often been trailblazers in figuring ou