Transcripts For RT Documentary 20240714

A day with a big fleets of know your get an idea more in the ocean is full which we have to understand we can know store use through of a joseph be with in this oh be dues below more you use or hours through im doing this because i want the for the future or world to the future of can generations to have out and enjoy the ocean how we have the during the Great Depression which im old enough to remember there was and most of my family were unemployed working class there wasnt it was bed you know much worse objectively than today but there was an expectation that things were going to get better. There was a real sense of hopefulness there isnt today. Inequality is really unprecedented im sure that total inequality its like the worst periods in American History. But if youre a find it more closely the inequality comes from the extreme wealth in a tiny sector of the population fraction of one percent. There were periods like the gilded age in the twentys the early ninetys and so on when a situation developed by the similar to this. Now this period 6 trillion because if you look at their Wealth Distribution to any quality mostly comes from super wealth. Literally the top 110th of a percent are just super wealthy. Not only is it extremely unjust in itself. Inequality has highly negative consequences on the so it is. Because the very fact of inequality has a corrosive harmful effect markers. You open by talking about the American Dream or the American Dream is chrisman dillard it will inferred you were kurds. Get rich it was possible for a worker to get a decent job. At a core of children who are school. Collapse. Imagine yourself in an outside position looking for mars. What do you see. In the United States when there are professed to like democracy. In a democracy Public Opinion is going to have some influence on poesy. And then the government carries out actions determined by the population and thats what democracy means. Its important to understand that privileged and powerful sectors have never liked democracy and for very good reasons. Democracy puts power into the hands of the general population and takes it away from them. As kind of the principle of concentration of wealth and power. Concentration of wealth yields concentration of power particularly so as the cost of elections skyrockets which kind of forces the Political Parties into the pockets of major corporations. And this political power. Really translates into legislation that increases the concentration of wealth so fiscal policy like tax policy a deregulation. Rules of Corporate Governance a whole variety of measures political measures designed to increase the concentration of wealth and power which in turn the yield more political power to do the same thing. And thats what weve been seeing. So we have this kind of vicious cycle in progress. You know actually it is so traditional that it was described by adam smith in 776 he read the famous wealth of nations. He says in england the principal architects of policy are the people on the society in his day merchants and manufacturers. And they make sure that their own interests are very well cared for however greed is the impact on the people of england there are others. Now its not a merger of manufacturers its Financial Institutions and multinational corporations the people who adam smith called the masters of mankind and theyre following the vile maxim all for selves and nothing for anyone else. Theyre just going to pursue policies that benefit them and harm everyone else. And in the absence of a general popular reaction thats pretty much what youd expect. Right through American History theres been an ongoing clash between. Pressure for more freedom and democracy coming from below and the efforts that elite control and domination coming from above. Because back to the founding of the country. James madison the main framer who was as much of a believer in democracy is anybody in the world that they nevertheless felt that the United States system should be designed and indeed was his initiative was designed so that power should be in the hands of the wealthy. Because the wealthier there are more responsible set of men and therefore the structure of the formal constitutional system placed most power in the hands of the senate or the senate was not elected in those days it was selected from the wealthy men as madison put it had sympathy for Property Owners in their right. To read the debates at the constitutional convention. Madison says the major concern of the society has to be to protect the minority of the opulent against the majority. And here argument suppose everyone had to vote freely as they will the majority of the poor get together and they would organize to take away the property of the rich and he said that would obviously be unjust so he cant have that so therefore the constitutional system has to be set up to prevent democracy. Which is of some interest that this debate has a hurried tradition goes back to the 1st major book on political systems aristotles politics. Is. Is of all of them the best is democracy and it any point said exactly the flaws that medicine put it out if ason to or a democracy for free men the poor would get together and take away the property the ridge well same dilemma they had opposite solutions earth settle for posed with we would nowadays cool a welfare state is it try to reduce inequality so same problem if sit solutions one is reduce inequality will have this problem of the other is reduced monk or city if you look at the history of the United States its a constant struggle between these 2 tendencies at democratizing tendency thats mostly coming from the population a pressure from below and you get these constant battle going on periods or gratian peris of preggers in 1060. 00 s. For example were a period of significant democratization for searchers in the fuck you lation that were usually passive a apis it it every came organized day if story pressing their demand and they became more and more involved in Decision Making activism and so on is just changed consciousness an or ways minority rights in the 3 dont wire womens rights. If we force it to say. In terms of the environment you think america is. Nice and boring of my own safety thats. A position to aggression i started i was criticized as. Serious about lawn on the provider of the vietnamese people black people and what people can turn for other people one day we must request. A 1000000 poor people in america when you begin. To reason a. System of distribution of wealth. Restructuring. American society these are all symbolizing the fact. That cause great fear. Had. Anticipated the power of a should have but it didnt then to speak the power of the reaction to the civilizing effects of the sixtys did not anticipate the strength of the reaction to it. The backlash. I think 10 years since crossed i started 10 years i think its time to shake things up maybe change the branding maybe the format here is what ive been thinking about next season. Related episodes filmed on an island 10 experts fight it out for a trophy what do you think ok a more affordable option 25. 00 text for. One red rose another suggestion political jeopardy parody no political cookout where we will literally. Believe its. Late night show its a rare format these days and its chief all you need is an old microphone in a printed banner but to leave me with one of my girls i can do this candle after politics ready gone wild like music. Ok crosstalk is not about hype its about meaning 10 years of talk and still going strong. Peter if you want to change something why dont we get rid of the gotye i know that is too much. Im. Ready ready ready ready sure to stop at the grow. I just never know very good about the idea of bringing children into the world because i didnt feel like things were in very good shape to life was just going to be a lot of software program. Theres no reason the more. You take things that are. On the move Something Else that. Everybodys scared to talk about is survival is really dependent on us addressing this issue and if we can even talk about it if we can even have a conversation. That is. Where and. Ready there has been an enormous concentrated coordinated business offensive beginning in the seventys to try to beat back the gallant tarion efforts that went right through the nixon years and you see it in many respects and over on the right you see it in things like the famous pell memorandum. Sent to the chamber of commerce Major Business lobby Later Supreme Court Justice Powell warning them that business is losing control over the society. And something has to be done to counter these forces course we put it in terms of the defense defending ourselves against outside powers. If you look at it its a call for business to use its control over resources to carry out a major offensive to beat back this democratizing wave. Over on the liberal side something exactly similar the 1st. Major report of the trial Lateral Commission is concerned that this. Called the crisis of democracy. TriLateral Commission is liberal internationalists in their flavors indicated by the fact that they pretty much staff the carter administration. And they were also told the democratizing tendencies of the sixtys and so we have to react to it. They were concern. That there was an excess of democracy developing. Previously passive and obedient parts of the population or sometimes called the special interests who were beginning to organize and try to enter the political arena and they said that imposes too much pressure on the state cant deal with all these pressures so therefore they have to return to a city becomes the politicized. And they were particularly concerned with what was happening to young people young people are going to free and independent. In the way they put it theres a failure on the part of the schools the universities churches the institutions responsible for the indoctrination of the young there for it is not mine. If you look at their study theres one interest they never mention private business and that makes sense theyre not special interest theyre the National Interest kind of by definition so theyre ok theyre led the you know how flabby is by Campaign Staff the executive make decisions thats fine but its the rest of the special interest of the general population who have to be subdued. When thats the specter its the kind of ideological level of the backlash but the major backlash which was in peril of this was just redesigning the economy. Since the 1970 is theres been a. Concerted effort on the part of the masters of mankind the owners of the society to shift the economy in 2 crucial respects one to increase the role of Financial Institutions banks investment firms and so on insurance companies. But a 2007 break before the latest crash they had literally 40 percent of corporate profits. Far beyond anything in the past. Back in the 1950 s. As for many years before the United States economy was based largely on production. In the United States as the great Manufacturing Center of the world. Financial institutions used to be a relatively small part of the economy and their task was to distribute unused assets like bank savings to productive activity and buying our way and had on hand a reserve money. Holders to monitor on the back of the reserve bank can. Hide providing an. Auditing money on bank or of the community by making. Money for a manufacturer and im even going. To enlarge them remodel her car and her money on her own reasons why people are always needing more and have immediately available. Thats a contribution to the economy. Regulatory system was established banks were regulated the commercial investment banks were separated to back for risk investment practices that could harm private. People. There had been remember no financial crashes during the period of regulation by the 1970 s. That changed. The sort of getting that huge increase in the flows of speculative capital just astronomically increased an enormous changes in the Financial Sector from traditional banks to risky investments. Complex Financial Instruments money manipulations and so on increasingly the business of the country isnt production at least not here. The primary business here is business. You can even see it in the choice of directors so the director of a Major American Corporation back in the fiftys and sixtys was very likely to be an engineer as somebody who graduated from a place like mit maybe Industrial Management more recently the directorship in the top managerial positions or people who came out of Business Schools learned financial trickery of various kinds and so on. By the 1970 s. Say General Electric can make more profit playing games with money than you could buy producing in the United States. You have to remember that General Electric is substantially a Financial Institution today it makes half its profits just by moving money around in complicated ways and its very unclear that theyre doing anything thats of value to the economy. So thats one phenomena lets go financial ization of the economy. Going along with that is the oil sure into production. Trade system was reconstructed with a very explicit design of putting working people in competition with one another all over the world. And what its led to is a reduction in the share of income on the part of working people. Its been stickily striking in the United States but happening worldwide it means that an American Workers in competition with super exploited worker in china. Meanwhile highly paid professionals are protected theyre not placed in competition with the rest of the world far from it and of course a capitalist free to move a workers are free to move labor cant move but capital can well again going back to the classics like adam smith as he pointed out free circulation of labor is the foundation of any free trade system but workers are pretty much stuck the wealthy in the privileged are protected so you get obvious consequences and theyre recognized in fact praised. Policy is designed to increase in security. Alan greenspan and when he testified to conquers he explained his success in running the economy as based on what he called greater worker insecurity. A typical restraint on compensation increases has been evident for a few years but as i outlined in some detail in testimony last month i believe our job insecurity has played the dominant role workers and secured are going to be under control. They are not going to ask for say decent wages were a decent working conditions or the opportunity to free association. For the masters of mankind thats fine they made their profits but for the population its devastating. For these 2 processes financial ization im sure are part of what led to the vicious cycle of concentration of wealth concentration of power. 66. 66. And a very warm welcome to you youre watching us inside us. What politicians do something to. Put themselves on the line. They get accepted or rejected. So when you want to be president. For some one of the reps who. Have to go right to be precise this is what the for 3 of them or 10 people that. Im interested in always in the waters of our. First city. In the weeks big stories the United States could potentially be smuggling tons of weapons and ammunition which end up with militants in the middle east as according to leaked documents obtained by a boat carrying investigative journalist. I didnt write and im very glad you in this. Part of the world they are thank you. British Prime Minister week Boris Johnson suffers defeat off the defeated but has no field present agenda in parliament. Simply follow his convictions on a resigned. Doesnt mean he. Should