Transcripts For RT Documentary 20240714 : vimarsana.com

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. Of there was a real sense of hopefulness there isnt today. Inequality is really unprecedented im sure that total inequality its like the worst periods of American History. But if your find it more closely the inequality comes from the extreme wealth in a tiny sector 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 tree because if you look at their Wealth Distribution the inequality 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 side is awful. Because the very fact of inequality has a corrosive harmful effect on markers and. You opened by talking about the American Dream part of the American Dream is questioning diluting it will infer that you were card. 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 expo i see the deregulation. Rules of Corporate Governance and a whole variety of measures political measures designed to increase the concentration of wealth and power which in turn to yield more political power 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 1776 he read the famous wealth of nations. He says in england the principle architects of policy by 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 our 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 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 horrid tradition goes back to the 1st major book on political systems aristotles politics. He says of all of them the best is democracy and it only points out exactly the flaws that manderson pointed out. If absent were a democracy for free men the poor would get together and take away the property the rich. Well same dilemma they had opposite solutions or settle for posed what we would nowadays call a welfare state and try to reduce inequality. So the same problem if said solutions one is reduce inequality will have this problem and the other is reduced democracy. If you look at the history of the United States its a constant struggle between these 2 tendencies democratizing tendencies thats mostly coming from the population pressure from below and you get these constant battle going on periods or gratian periods of progress in 1906 for example were a period of significant democratization. Sectors in the fucking lation that were usually passive apis it became organized active story pressing their demand. And they became more and more involved in Decision Making and activism and so on. It just changed consciousness and always. Ready minority rights. We dont want. Womens rights. In terms of the. American. Seeking a viable opposition to the creation. Of size as. They are serious about law. Of the vietnamese people black people and what people can turn for other people. In poor people in america and when you begin. To reason. The system of distribution of wealth the restructuring. Civilizing say. That caused great fear. Anticipated the power of a should have but it didnt anticipate the power of the reaction to the civilizing effects of the sixtys did not anticipate the strength of the reaction to it. The backlash. Against. This is a stick. From the water bottle phone in the stomach of the fish the brand is sponsor of the Cocacola Company which sells millions of bottles of soda every day the idea was that lets tell consumers theyre the bad ones theyre the litter bugs are throwing this away industry should be blamed for all this waste the company has long promised to reuse the plastic. Look at suzy. In maine that seems cool sets their classes. On why and i knew. That special projects funded me. On i knew best that is the end of a footy team but for now the mountains of waste only grow higher. You know world of big part of the new lot and conspiracy its time to wake up to dig deeper to hit the stories that Mainstream Media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the back and shouting past each other its time for Critical Thinking its time to fight for the middle for the troops the time is now were watching closely watching the hawks ready ready ready ready ready. Need to stop it for continuing to grow. I just never know very good about the idea of bringing. Him to the world because i didnt feel like things were in very good shape that life was just going to be a lot of software program. There is no reason we are more. Than 10 things that are to me the those moves on the move Something Else that need to get their loves and everybodys scared to talk about is survival is really dependent on us addressing this issue and if we can even talk about it and we can even have a conversation about it then. Or and. Ready there has been an enormous concentrated coordinated business offensive beginning in the seventys to try to beat back the egalitarian efforts that went right through the nixon years and you see it in many respects women over on the right you see it in things like the famous powell memorandum. Sent to the chamber of commerce Major Business lobby but 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 defense defending ourselves against outside powers. But 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 to the 1st. Major report of the trial Lateral Commission is concerned with this. Called the crisis of democracy. TriLateral Commission is liberal internationalists their flavors indicated by the fact that they pretty much staff the corridor ministration. And they were also told that democratizing tendencies of the sixtys and so we have to react to it. They were concerned that there was an excess of to not pursue 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 and become the politicized. And they were particularly concerned with what was happening to young people and young people get into 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 allowed to you know flub is said by Campaign Staff the executive make decisions thats fine but its the rest the special interests 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 brake before the latest crash they had literally 40 percent of corporate profits. Far beyond anything in the past. Back in the 1950 is this 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 a bank savings to productive activity buying our way to. Money. On the back to be a reserve bank. To be highly providing an. Outing money. To the community by making. Money for a manufacturer. Going. To an. Hour and a money on a 100 why people are always needing more cramming and i havent. Thats a contribution to the economy. Regulatory system was established banks were regulated the commercial investment banks were separated cut back or 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 story 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 a director of a Major American Corporation back in the fiftys and sixtys was very likely to be an engineer and 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 oh sure introduction. The 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 particularly striking in the United States but happening worldwide it means that an American Workers in competition with a 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 the 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. Compensation increases has been evident for a few years but as i outlined in some detail in testimony last month i believe that job insecurity has played the dominant role keep workers in secure theyre going to be under control. Theyre not going to ask for say decent wages were a decent working conditions or the opportunity to Free Association meaning unions. Now for the masters of mankind thats fine they make their profits but for the population its devastating. For these 2 processes financial ization and for sure our part of what led to the vicious cycle of concentration of wealth concentration of power. Or. Will make us manufacture consent to instant of public wealth. When the ruling class is protect themselves. When the fine and merry go round lifts and we know one percent. Time we can all middle of the room sick. Around the memory only for. Well you know that they were kind of adopted because we were called pirates for so long. I mean theyre in this small ball its next to the hard pool of ships and its. A lot tougher than. The little self to be told fish already 90 percent of the dot and it wont be calmer. Concept 15 scoops 75 tons they do it several times a day with a big screen so no you get an idea why ocean. We have to understand we can all stay still and just. Be within this oh the deal going to go out. Im doing this because i want the future world to the future generations to have and enjoy the ocean we have. Joined me everything on the all excitement show and ill be speaking to get out of the world of politics sports business im show business ill see you then. Ever since the arrival of Boris Johnson to 10 downing street theres a growing sense of inevitability that brags it will be executed on october 31st with or without a deal i mean we get to this point what lessons have been learned and nothing. I think. I. Told. Him. Millions of munitions reportedly end up in the hands of terrorists in the yemen and syria the United States. According to leaked documents obtained by journalists. Like. You and you. Know. It for. The british Prime Minister is no deal in the balance right now in london. For a critical vote. Its expected to. Community furious. Decides to