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Fundamentally you outsource expertise, delegate authorities but you cannot delegate leadership. when you see a problem, get off the sidelines and get into the game and fix it. if we had much more of that across the republic, frankly, a lot of these problems would be a little easier to solve. >> leadership is not a long-term sustainable solution to these problems. if the problems are incentive structure, imbalance of power. it's how you change it. i think how you -- i'm really worried about the affordable care act rule-making process right now. i think there's a lot of amazing stuff that bill c...

Of austerity and liberalism, reaganism on steroids, 7% per capita. add to that the serial -- building volatility into the system. so 2008 in mexico, 2002 in argentina and what emerged are social movements that turned latin america into the vanguard of the socialization movement. >> another thing we've seen is inequality reduced, right? you made this point. that's partly because commodity prices have gone up but partly because there was an egalitarian agenda of those aelectricitied. lula, chavez, kirschner. you see what happens is income inequality rises during that period you're talking about ...

To make. one is a lot of times in the financial service community, the bills coming out of republican side and sometimes democratic side are straight out of lobbyists' e-mails. >> verbatim. >> drafting the questions, the bills, going back and forth. i'm curious to know if that was the case -- >> i charged oversight subcommittee. they came to me and others and said, you need us? what for? >> ofeo -- >> i can't remember -- >> acronym? >> yes. it's congressional speak. sorry, i had a flashback. they oversaw fannie and freddie. they changed that whole system. but they said, you need us. they didn'...

Brazil had a lot of foreign investment. still continues to have. but countries like chile that used to become left wing, that's not any more, probably would have again, uruguay and brazil are countries where there's moderation in discourse. tremendous distribution is really associated to the fact they have a political system where they have opposition from the right where voters cannot be moved in the same way as in the other countries. and there has been no kind of collapse of the party systems the other more radical countries -- >> what's interesting to me, redistribution as one learns from ...

Bayer advanced aspirin blocks pain at the site. try the power of bayer advanced aspirin. a hairline fracture to the mandible and contusions to the metacarpus. what do you see? um, i see a duck. be more specific. i see the aflac duck. i see the aflac duck out of work and not making any money. i see him moving in with his parents and selling bootleg dvds out of the back of a van. dude, that's your life. remember, aflac will give him cash to help cover his rent, car payments and keep everything as normal as possible. i see lunch. [ monitor beeping ] let's move on. [ male announcer ] find out what...