The perfect dictatorship would have the appearance of a democracy, but would basically be a prison without walls in which the prisoners would not even dream of escaping. It would essentially be a system of slavery where, through consumption and entertainment, the slaves would love their servitude."-Aldous Huxley
And it's not just entertainment. Governments and companies can charge fees to the serfs for the privilege of having their taxes, government-imposed forms, necessary loans, etc processed. You can convince them that they need to pay the costs for you to extract their property from them!
@@OurNewestMember poor wages/slave labour during the day, social media gaming reality tv porn sports alcohol, medication and drugs as a distraction/coping mechanism, soon to be accompanied by AI and VR. With no real say with what happens in government other than voting for a figurehead, and no means to ever attain any form of real wealth/security through a regular 9-5. With meditation, and learning how to destress and new age spirtualism, rather than tackling the issues that cause the stresses in the first place. People already loving their modern day slavery 😂
@@laragreene8328 you would be surprised. There are so few people who know that we are powerless. And you have those who mock them, thinking we are stupid enough to cower under insults. There are, basically, too many stupid people who lord it over others and call THEM stupid.
I am watching this in 2023 and can't believe that this information was available 9 YEARS AGO! This is quite horrifying and makes it seem hopeless. We cannot let this country continue like this!
This has been in the works for decades. It is how America was developed and the laws and institutions were created. The great American myth of the American dream was just to keep the lower classes dreaming that if they worked hard enough they would gain the upper class.
MSM wants to keep this a secret and most politicians. Also, if you want to see the cause of inflation look at the diesel prices, $4. 37 at the pumps. Everything is shipped by diesel trucks. No wonder all prices are still soaring. Oil refineries are limiting diesel production and Big Oil is making a mint while screwing the public at the store and the pump.
*EDIT NECESSARY for ACCURACY* Patriamonal Capitalism is actually not accurate, it is: *"Patriamonal Corporatism"* We are really not a Capitalist Society, it literally has shifted up a *Corporatism Society"8 and this is hugely different and offers very little opportunities to the 99%.* When reapplied with "Corporatism" the content then FITS PERFECTLY .
True! Or Very True! I have to write everything with proof then also people can not believe. drive.google.com/file/d/18u5PaUqsSgSy2FLpIhzLZvuK-sjG7az9/view?usp=drivesdk
Well said and 100% true. THESE DIVERSIONS ARE MAINTAINING THE SYSTEM. I GUESS THAT'S WHY TRUMP HAS A 1,001 WAYS TO DIVIDE. Our thoughts, voices, and prayers 🙏 need to be United. If a mathematician where to analyze all the events that have happened in the last few years,... ....they would probably conclude that all this chaos could not exist in such a short time span.
It’s actually 1/10th of 1% and you with the current wealth gap. And yes left vs right is an illusion. Same money from plutocrats and global banking monetary system incl bilderberg group and royals feed all govts incl and esp USA.
I think you’ll like these USA’s Corp illusion of democracy th-cam.com/video/vW-ImCVDsWk/w-d-xo.html USA stunted political party system (lack of real choice: th-cam.com/video/ULYWIDcUOY4/w-d-xo.html
I was an interior designer and I was utterly amazed at the amount of money the 1% have. I was disgusted as they contacted me to spend money on an obnoxious level, and then these same people would be laying off their workers. I got out of the business because it angered me to such a degree that I did not enjoy it.
I took over my dad's business in the 80s. He handmade custom lighting ,copper gas lanterns, and other functional art ,in collaboration with designers and architects for the wealthy. Closed in in 2000, for the same reasons. Got tired of working for entitled asses that are clueless. The the amount of subservience they required fom all of us was repulsive.
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1.2m in gains… might not be a lot but i'm financially secure.
My CFA ’Izella Annette Anderson’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
education system is invented by industrialists to coach factory workers... worldwide education system is absolutely obsolete imho... Finland is doing some proggesion on that front tho... Only thing i literally needed from school was native language,writing,english and math... some basic physics,chemistry.. otherwise school is a waste of time... people should learn what interest them.. specially children are so enthusiastic to learn ... i'm 30 and i'm self-teaching programming languages atm.. haven't had so much fun learning in my life... (i always hated conventional school as a kid...)
actually slavery is a pain in the ass. better to give them their alms and find their own way, no headaches and a large supply of eager poor slob replacements
I’m watching this in 2020, and this even more so a reality. We’ve reached a point where there are a select few corporations, who have bought out entire industries and brands. It’s more important than ever, that we support our local shops and farms. Otherwise, these smaller operations, who still take pride in keeping our communities healthy, will become obsolete. We will then only have access to food, which is produces and manufactured, by the large corps who have been poisoning us for years. This is also true for our healthcare industry, which has long ago, dismantled the natural medicine industry. It’s gradually making a comeback, but we need to push that it be treated as equal, and used alongside modern medicines. That being said... it’s never too late for change, and wealth can only be sustained, if we continue to buy their products. We all have the power to level the playing field on wealth, and shift some of that money, back down the pyramid.
Yes ,very few have ability to congize these truth ,may be who knows there is somthing keep us bombarded with micro frequency which r always in touch and permanently damage our the part of brain to think thier way!
I have watched Bill Moyers for 30 years. I don''t understand why some people do not like him. He introduces and discusses current relevant topics. We all walk away more informed.
I worked at a bank Trust Dept back in the 90's. I was absolutely disgusted when I had to credit the bank President's s two adult sons Trust accounts nearly twice my annual pay for the earnings on their shares of private stock in the bank. Neither man ever worked there. (I was paid about $100 year too much to qualify for food stamps.)
If it was honest money what is it to you? They won the daddy lottery, so what? Other's win other lotteries and there is less envy there but it's no big difference.
@@sstritmatter2158 the lotto does not factor here. nor the 'daddy'. this man is referring to his salary as an employee of the bank. the idea is that he is coming way short because the wealth of the nation is being siphoned up prior to the living requirements of the 'servant' class being met. ever heard of 'upstairs/downstairs'? remember 'downton abbey' of just a few years ago? we are being taken into 100% servitude. along w/ 100% surveillance to boot
Boysie Dent - Yes, you're correct. You don't "make" people be "more equal" by giving them more money. That's the facade of the "equality" shell game. It's kept us occupied fighting with one another while the life force has been sucked out of us. I'm not advocating the obscene theft of the workers surplus value, but an immoral society, upper tier and lower tier, is itself on a race to the bottom that money can't fix. Shuffled around in any way you want, the coin under the shell will never really fix anything. A people with clouded minds, driven by their passions, can't be helped. This is apparent from the schemes that are constantly hatched on us. If we just give consent to the latest lineup of the "rights" of some tiny minority fringe group, or sanction some new immorality, then that'll fix everything! Ha, ha, ha! It's a "top-down bottom-up" race into the abyss!
@@Steveorino123 So them can you please tell me what is your point? Should we just give up a kill ourselves? Should we go on living and also kill ourselves from labor?
Bill Moyers is the old school of journalism and thank god for that. He's got presence and dignity and he's smart, he asks the questions that you would want to ask. and he listens and HE DOESN'T INTERRUPT. Not like the current news shows which are like a three ring circus in comparison. He gets out of the way.
He is a Progressive indoctrinating you. They start out talking about it, normalizing it. Then they implement it. This was before Hillary bought the Russian Dossier and drug the Nation and Trump through the gutter. This was before the Summer of Love of 2020, yet they hint at uprisings in this polite conversation. This is before the 2019 talks of what if there was a global pandemic, six months later. This is what Progressives and Marxists do. They talk about things, to normalize the idea and then implement them. It's Marxism. Biden has Destroyed the USA in 2 years using these methods. The USA is being destroyed. Who are we kidding. These are all Obama's ideas.
@@furkan1503 They hoard precious metals and your figure of 400 trillion is plausible given the real value of actual gold bought in large volumes is 10 times the trading the price of gold certificates. And with the global debt at 274 trillion which is in the black on their balance sheets makes it around 674 trillion when added to the precious metal value. So yeah 500 trillion to 700 trillion is close to the mark no doubt.
The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips
You are absolutely right ,firstly I believe money in the bank is not money because it is bond to inflation and losses values overtime, You have to be well disciplined to achieve success and save before you spend Lastly success does not happen overnight it takes time, dedication and self discipline
money is a liability, not an asset. You have to exchange it for assets that represent real VALUE. Real estate - properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest), intellectual property, The aid of an institutional or basic financial advisor's cannot be over expressed. I started saving and investing in 1989 at the age of 20... I am 54 today and have 2.2 million in my retirement account, 135k liquid and I trade securities with 50-55k
I'm bombarded with the don't sit on it during the inflation, I wanted to jump in 8/22 and did nothing. So far this year I think I need to get my feet wet but I stopped listening and taking financial advise from TH-camrs, because at the end of the day, I end up with a bunch of confusing stories. Have you always had guidance?
I've shuffled through investment consultants and yes, they can be positively impactful to an individual's portfolio, have been in touch with ‘’Aileen Gertrude Tippy’’ over a decade now her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable
Three and a half minutes and I am reminded of what was at the root of the French Revolution. A country ruled by an aristocratic elite that made it impossible for any commoner or ordinary citizen to have any aspiration in an increasingly poor society. Sorry but the similarities are hard to ignore.
Whosoever, what % of people are in the streets demanding bread? The people in the streets are spoiled college kids with too much time on their hands! Are you starving or are you one of the spoiled?
@Lasse Givoni are you saying that "everyone can be happy it doesnt depend on wealth" is a lie? Surely you know happiness doesn't come from money, that's pretty much common knowledge. We need money of course, like we need blood, but the source of any happiness is your own mind.
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading
I have seen loads of news of *TERESA JENSEN WHITE* on the internet, she must really be that good for she to be talked about in such a way. Is she on TH-cam? please how do I reach her
Depends on level of affect - but our family does not watch the news so ....what affect would you deem affects those whom live in rural areas? (just seeking your opinion & if you chose to respond - thank you!)
Good thing we recently passed the largest tax break ever for the 1% knowing how tough things have been going for them in the last 25 years compared to the working class. Things are going just fine for them for sure.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $90k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@@williamDonaldson432 I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help
When the BANK and the GREEDY FEW, writes the laws and regultions for government to put into usage. That is an oligarchy! We are not close to an oligarchy, we are an oligarchy.
Stephen Lee Yes, I agree, we are living in an oligarchy. As a boomer I remember the golden '50s and '60s when the future seemed bright for working people. Comparatively, the future of today's millennials is bleak. But that generation has been so distracted and stupefied by social media they don't bother even to vote. This election just past might have been American democracy's last gasp at reining in the power of the super rich. If the inheritance tax is eliminated, as Trump is advocating, by 2030 a tiny aristocracy of a few hundred families whose wealth was inherited, not earned, will control this country by funding the campaigns of elected representatives. And their wealth will exceed that of the rest of the country combined. Meanwhile, at the bottom, people will struggle just to survive. Of course this kind of society cannot go on indefinitely. Either there will be a bloody civil war, or some totalitarian state will usurp America's power. I got a chill when Kugman acknowledged to Moyers that it's all over for America in terms of reasonable income equality. The ship has left the harbor. The stooges of the super rich, the Republicans, are now in charge. They will go about eliminating remaining taxes on the rich, and defunding any remaining social assistance programs: Obamacare, Social Security, Medicare, and so on. This isn't speculation: it's the Republican's publically announced agenda for the next Congress. By the time the millennials catch on it will be too late. It's already too late, says America's leading economist. Over the next decade or so left I expect to see America's best and brightest begin to leave this country for a better life elsewhere. As for the rest of us, well, we won't be able to keep up the pretense of prosperity much longer. Our only hope is that the millennials wake up, raise hell, and organize. They've got the numbers and they've definitely got the motivation. But their helicoptered childhood has left them unprepared to do battle, and battle must be done -- not in the streets, but in the corridors of politics. If they can revitalize the Democratic party and make the source of practical social programs like Social Security and Medicare to help reduce income inequality, that party will once again have meaning. Now is the time, before the upcoming administration undoes all the social progress made over the past 60 years.
I lived in the "golden 60s". I heard the exact same arguments then, from my parents and all their friends. Nothing ever changes. The doers do, the whiners whine. It was the same then, (only there were a hell of a lot less whiners then.)
@Doogie Houser - *fewer whiners, not less. Also note that the discussion is about inherited wealth. Not sure how much credit those go-getting babies have earned.
chilly d Hillary was in the backpocket of the Wall Street bankers!They financed most of her campaign.Is that who you think was going to change the current status quo ?
"yeah cause a woman who supports, fracking, big banks, and war in the middle would be such a better option" Mike, yes, so much better. And A LOT of people agree. People that don't matter. -Because they live where a lot of other people live. See, in America for your vote to count, you have to live where nobody does.
Profits are rising, yet the only salaries(inflation adjusted) that are rising exponentially are the managers'. The root of the issue is that workers need to be paid more. Stagnated wages while every other cost increases stunts the economy due to lack of spending.
@Bill Randall you telling me that college degree will make you middle class? I'm gonna wait for unicorn to take shit on my yard and wait for it to turn rainbow purple before I believe that bs
The lack of spending is also the result of less money available. People are "fighting" over what's left, to pay basic bills. With 8 billion people on the planet there is no shortage of labor. Remember the 'laws of supply and demand'?
I want to start investng. Is it safe to start now, or should wait until the end of this possible correction/bear market, despite the economic crisis facing the world, is this the right time to invest in stock, Gold/crypt0?
Crypto currency and NFts will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment
@@ryanconnorlucas7579 You are right but the market is profitable if you are using a really good broker or account manager to help out with trades provide signals
11:25. Funny how people who accumulate some wealth and think they are part of the wealthy class. Yet, they could be wiped out in any major economic crash. They have no idea what real wealth is.
It's called the Federal Reserve Bank. Which is not really federal nor a bank. It's a private organization what stress the value of our money & releases more or draws it in. When we separated from England it was one of the things we were supposed to escape from but a few rich new Americans secretly created the Fed, voted, created a crises and the people were duped into supporting it. Now how do we get rid of it? It's not impossible, just hard
@@loridrblake9770 o my god you put it so well there is nothing to had to it just to take away from it , thanks you , ofter they got reed of the titanic with the three richest men thank you
Oligarchy isn't possible without the richest having "politicians in their back pocket". The concentration of capital seems to be the nature of the beast. How does the world change this?
Vote out the old and vote in the new. Change laws to only people only of an income of a wealth income cap...LET IT TRULY BE WE OF THE PEOPLE...So no Jrs can be a govt official..they can,marry one only...term,limits....no stock trading when in office.
They don't , you are watching the largest wealth transfer in history and this suckers rally is on fake printed money to reflate the markets so everybody thinks things are back to normal. THEY ARE NOT!!
Hi AAMacK, we can only change it by changing the rules. Accept a sane bioethical paradigm for culture & you can accept the possibility of a bioethical monetary credit system. How do we get there? Co-creating an ecotopian civilization is the only way.
I do not think it is possible to change it ,as it is worldwide [just like the virus] and they all work together to keep the truth hidden and those that wish to change their corrupt systems are either subtly or blatantly sidelined or hindered from reaching positions where they could have a positive effect on real change . The system is the beast ,if you like. Here is our track "System is the beast" th-cam.com/video/RST-Rkmx_F0/w-d-xo.html
All is been said about the 1% are the controlling entities, yes as that number is been mist understood. 33 million at 1% equate to humm 3.3 million, therefore I think the number should be 33 or 50 or 100, but 1%? Yes that group of people is somewhat interest to make the so called and true globalist to gather with the U.N that they too CREATED for that only purpose. The actual 1% is comprised by all of the people blindilly working for the globalist.
Sooooo....what do you do, to stem that slide? That is, what have you chosen to, or been doing about it (other than voting...which is kinda like throwing oneself against a brick wall)...?
A million seconds is 11 days. A billion seconds is 31 years. To get into the Forbes 400 you need at least $2B. There are over 600 billionairs in the US. Like Krugman says, most people just cant comprehend this level of wealth.
Well, according to a post I saw on TH-cam, there are far more billionaires in China than the US. Don't know if it's fact based but I think it might be so.
it's like give us exactly that much amount of crumbs from the pie so that we maybe keep up thinking about inequality but not too much to make it viral or for god sake get our fat asses up and get organized...
It is time to wake up as many people as possible. I know things look really bas from the scope of a media funneled screen...... The reality more people are more awake now to listen than ever before. It is the perfect time.
Walkerwayz indeed. Him and Phil Donahue (not sure I spelled that right). Among other great-albeit either dead and/or very old-American minds, journalists and thinkers.
PBS is not what it use to be ever since george w bush came to power in the usa.. now is nothing more then a polite cnn or msmbc and nothing more.. the pbs news hour of the past is no more.. Sad but the truth!
The "health" companies got the program they wanted. Obama and the Clintons tried to beat big Pharma and the insurance industry and lost. Now, we taxpayers pay them twice. It is such a crime that the same drug from the same US factory costs $10 in Mexico and $110 in San Diego.
@@DrJohnnyJ That's if your insurance company "allows" you to have that drug. They can force you to try something else on their "approved" list (read, a cheaper drug). Sometimes multiple "other drugs" before you can get what your DOCTOR prescribed in the first place.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.
@@martingiavarini Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with “Catherine Morrison Evans” for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
@@martingiavarini Thanks for sharing this. I did my own little research, and your advisor looks advanced and experienced. I wrote her and dialed her twice but she didn't pick up so I scheduled a phone call.
+Carol McKee . yes what Paul is saying is, the French take better care of their SERFS than US INC does. Problem, yes they may not be homeless and destitute, however they are still SERFS. not free men and woman.. who wants charity from PARISTICALTHEIVES ?
Exactly...in the same vein we should enforce documentary comparisons of the Politicians and economists mandates and forecasts from the past with today...that would put them in the 'Dock' more emphatically than any other means of showing them up to be responsible for their words...We might see a 12.5% success rate, perhaps, well, maybe not...
I though we were in an oligarchy already! One things that happen to oligarchies - they inspire revolutions. 1% cannot control 99%, especially if the 99% don't have anything to lose.
We are in an oligarchy already!!! They control our government with campaign contributions. Look at the organization called ALEC. They draft legislation and give out huge campaign contributions.
they can when they also control power - power over the military and police. Wake up. 99% of the population will not be able to rise up under the yoke of a police surveillance state.
@Firecracker CT Oh yah? and when unemployment reaches historical lows due to pandemics, such as the one we're in, or just technology displacing more and more workers over time.. no labor = no disposable income for consumers to consume. No consumption = economic crash. , The contradiction that no one seems to be focused on is that the further ahead technology grows, the less labor will be needed. basically, were in the cancer stages of capitalism, where the system starts to destroy itself. We have to move into an economic system designed for our time, not one designed over a century ago. Why does the FED have to continually inject trillions (quantitative easing) into the big banks and financial institutions for years now, if the economy is doing so great as were told? Total sham.
Mr. Moyers, thank you for this enlightening interview that so eloquently voices what most Americans have been living through for the past 45 years. Would you consider updating this interview to bring it up to 2020? I think it would be riveting to hear Mr. Krugman or Mr. Reisch explain how far into oligarchism our nation has drifted. All the best to you and yours during these difficult times.
Oligarchy, particularly on the neoliberal, Democrat side in 2020/2021. Both Krugman and Reisch, particularly Reisch, far left. Haven't started watching yet, so this will be interesting. Neither conservatives nor liberals can deny the dramatic concentration of wealth over the last few decades. What will be interesting is to hear whether they approach the issue in a bipartisan way or with left partisanship.
Lets see Gates, zuckerberg,Musk,Bezos,Buffet and many other multi millionaires in tech industry are all new wealth ,not inherited ! Inherited wealth tends to be watered down over generations because the one fortune is split between siblings !
I can conclude that the myths of “self made” and “hard work” are just illusionary terms used by that small group to make the rest believe that they acquired all what they have applying those principles. 👽♥️♥️♥️
Even the rich people are getting uneasy, because if the poor and middle class are pushed too far riots may upset their perfect life. I was make $13 dollars an hour in 1981 while going to college, now it is hard to find a job for more than $13 dollars an hour nearly 40 years later! Its no wonder people are mad, the cost of living is 5-6 times higher than 1981. The American dream is over for many people. If the government wanted to fix things they should tax no one making less than 50k per year and cut spending to slow inflation.
Riots usually burn down poor neighborhoods, billionaires have jets and homes around the World, do you really think they will sit around the USA and wait for the Government to take all their money???
One of the unfortunate consequences of the income inequality is the drop in the overall quality of education. The result is that there is a sharp diminished ability for many to process information and evidence. A few childish types even resort to name-calling. Most people criticizing Krugman obviously missed the point because their grasp of this most obvious piece of knowledge is simply beyond their forces.
False. Quality of education is caused by the state because it's mostly controlled by the state. Banking, healthcare and education are all heavily regulated by the state. This creates cartels and monopolies which increases price and lowers quality. It has nothing to do with income inequality.
U2 Guitar Tutorials and where do those funds come from? Taxes in lower income areas there is less tax for quality education. How can you not recognise this. Equality is dependant upon access to the very basics of health and education. America is investing so little in its future that it is doomed to fail.
There needs to be a blanace to the biggest corruption and threat yet.... without that I can guarantee that you would've spoken some dialect of mandarin by now... and that you would not have been able to say what you think in public.
People who benefit from massive amounts of capital spent on wars are, guess who? The same wealthy people in the 1% group because they own or are majority shareholders of companies that make fighter planes, tanks, missiles, guns, bombs, and all other weapons used on wars.
@Julia A Thanks and agree with your comment. Also and again, most of the banks and Finance companies are owned directly or by their shares of stocks by the same 1% group of wealthy people. So, wherever you look, these people have bought most politicians and through their Gov't policies and sadly, control all of us and that's where we are now and why people are upset and dissatisfied and are now protesting and demonstrating.
Well A Stanford University study had already declared that the U.S. was not a Democracy any longer but in fact an Oligarchy before this show aired in 2014.
paxwallacejazz it was never suppose to be a democracy! It was designed to be a democratic republic! 90% of united state citizens deserve whatever it is they get there so fucking stupid. The 14th amendment officially made every single us citizen a salve... state citizens have rights
Now in 2021 you get to see the results of this Marxists propaganda of blaming the wealthy Are you enjoying the direction this Socialist nonsense is taking us?
Oh my God. I have been discussing this exact thing with others as the times and our futures are changing right before mine and our eyes losing Democracy toward becoming more an Oligarchy!
The dollar vote is usekess as a tool if central bankers can just print it out of nothing and out vote your hard earned votes. A fair monetary system is need for an economic vote to be effective. Without it, central bankers control the votes.
Pip Santos No no no, that defeats the whole purpose lol We vote each dollar from the government budgets (one citizen, one vote) or allocated for whatever each year, and WE the people decide what projects, communities, people gets what based on short summaries of each project/new technologies,research,communities, whatever is applying for money and why. Top 5% of companies and individuals should immediately be taxed an additional 5% in taxes which will give us a much greater pool t start with by lowering working class taxes to 2%. Lobbyists won't be anywhere near as effective at bribing the whole country, force rich people to do th right thing, give everyone the whole year to look over booklets of applicants (after any claims they make have been independently verified) , compare what they have been given previous years and why with a independent hotline we can call whose identities remain unknown to us and lobbyists and then vote at re end of year or submit booklet with their amounts written by each organization//country or whatever.have independent anonymous vote counters and see what the results are. That would be a true people's democracy. But the government wants to make us think we're stupid and coupling do what they do with ease.
Bill Moyers & Co has provided exposure, insight, investigation, information, & inspiration that I've appreciated. More should follow his example, the 5th estate must have such integrity & provide such a service.
What you don't realize is that this video is propaganda to get you to hate the system. It doesn't matter what the 1% have, what matters is what you can get for yourself Ask yourself this, if this video cares about you so much, then why doesn't it tell you how you can make more money for yourself? The reason this video doesn't is because it wants to fill you full of negativity and resentment so it can control you and get you to support the Democrats taking over all the wealth of the country 'on your behalf', but you won't see any of it
He’s right about the “ugliness”. Shocking to hear candidates name calling and telling rivals “she can go to hell.” Also the ugliness from the mouth of former president and his son-in-law
For those who have not, please read "The Creature From Jekyll Island". It explains in great detail how the Federal Reserve was secretly resurrected in 1913. I wish that every American citizen would read this book. Tlak about the machinations of the "One Percent-ers"!!!
The Creature will change how you look at the so called Federal Reserve. It isn’t “federal” and there are no reserves. When will this change? Never. Money and power control everything. We DO live in “such an ugliness.” Where are the good people, good leaders?
Steven Koehler It was credated, not resurrected, hence the name "creature." I think before that we had a Bank of the Untied States which went back to Hamilton.
This book is one of my all-time Top 5 "pivotal" books that I've read, and I've read my fair share. However, I don't share Griffin's perspective of a solution.
steve nunua We were just a republic that represented only the plutocracy. You had to have a sufficient valued set of property to vote, a male at around 21, and generally show some European decent. The senate wasn't even voted by the general public, but by the oligarchs who tended to have the leisure time to run for office for the House. Same for voting for the president, only the House and Senate voted. Slavery and servitude with a very strong cast system existed. Duels were often conducted. And people thought bleeding would balance "humors" to cure colds and other illnesses when really it causes all conditions to get worse. We've changed since backward backwater days of our countries inception both in our scientific understanding, and in our democratic we the people for the people by the people democratic government. We're currently a democratic representative democracy. Our constitution has continuously been updated. In fact, the first amendments to our constitutions happened in 1794 11th amendment. Not to much mention the first 10 amendments were amending the first articles of the confederate that weren't working. Presidential procedures amended in 1803 where the states would determine electorate for voting for president where the states tended to open the vote to property owner votes. Later changed again in 1866 14th amendment. Various other constitutional amendments now recognize adults 18 or older, all citizens regardless of economic class, racial class, or gender, may vote. Stop calling us not a democracy. And quit wanting some plutocracy. That's sheer stupidity.
jmitterii2 First understand the authoritarian and human nature. The best covert action was to invent a bunch of documents to cover up their authoritarianism. That was done with the bull shit of a Republic, liberty, freedom and our 3 documents we hold so dear that actually gave the power to the government, not the people. The people loved it and worked to get the carrot of freedom and liberty that was only a ruse from the start. We built a powerful country in a few short hundred years probably exceeding even their expectations of their spin and lies. Americans are obviously more gullible then most. Then around 1900 the slow boil to the same old totalitarian oligarchy began...and that is what we have today.
Wealth is VASTLY overrated. My friend has a very wealthy acquaintance who says she never has a moments peace or quiet. The leering "Help" is everywhere! 24hrs a day, 7 days a week, 365. Cutting lawn, steam-cleaning the driveway, washing windows, polishing silver, trimming trees, painting walls, banging pots in the kitchen, washing dishes, packing sideboards, dusting furniture, doing laundry, washing cars, in hallways, in rooms, vacuuming carpets, in the yard, cleaning the pool, tending livery, walking the dogs, ironing clothes. She writes checks and pays for repairs all day long. The help always whispering and shuffling about quickly to 'be out the way.' She told me once her happiest moment is when we all go for a bowl of Chile at Barney's the local dive just so she can escape the help. A day at her mansion is exhausting. NO THANK YOU. Give me our little cabin in the peace and quiet of the mountains any day of the week.
Mr. moyers lived in one of the wealthiest areas of nj. PBS must pay him good. The middle class was a fluke, as Krugman, implied. We have let the politicians determine our fate and most of them are essentially idiots. Guam may tip over into the sea types. We get what we put in. You can be very comfortable in America if you get a decent education, good parenting and put in some work effort. I love that Moyers used Adelson instead or soros as we head into the great reset.
@@ChildrensRightsFirst947 And what exactly do you feel has changed since then? Do you feel an overwhelming sense that things are better now somehow? And the comments you are replying to are over 11 months old.
The US has been classified as an Oligarchy since 1981. It's not simply a problem of inherited wealth, many 'self-made men' use government policies made by Oligarchic interests to unjustly attain their wealth.
Polycube they do indeed. It's a stacked deck that favors the wealthy in an ever growing fashion. This last "recession" perfect example while most of us suffered at least some loss of wealth, the top 1% saw gains in theirs, though the "recession" was their fault! They were rewarded for what amounted to criminal behaviour.
***** You've become the same as the oppressors by using their inhumane reasoning and tactics. Racism is a mental condition that needs treating and the damage they do needs to be nullified lawfully. Punishment only conceals behaviors, it doesn't change minds.
***** what an unmitigated load of hogwash. This thought process, or lack thereof, is a perfect example of the failure of public education...."whitey"....really? You would offer such stupidity and cliche' as actual rational thought? You are embarrasing.
When they say founding fathers I think of killers and the beneficiaries of killers who never once considered the precedence they were setting by keeping the lands murdering thieves stole from the previous inhabitants. Inhabitants who lived there for tens of thousands of years. Every other empire that gained lands through killing and unjustly colonizing had all been dissolved. From the Roman Empire who colonized Britain and no longer ruled, to the Mongolians who also conquered through killing. Empires dissolved, completing a cycle of justice. The Europeans, on the other hand, merely changed their name to Americans and got away with the world’s most downplayed genocides. They erased the tens of thousands of years of history any survivors of the onslaught of those people are denied, forced even to call themselves native Americans, as if 300 years outweighs tens of thousands of years.
I DO miss this most informative program. It figures that (in the koch era) the only unfltered reputable news and commentary show PBS had would be shoved off the docket.
Been saying this for years, glad to see I am not alone in thinking inherited wealth is one of the biggest threat to humanities evolution. This is second only to those who survive on speculated income. Capitalism can only work if everyone starts off at the same starting point and any income is earned physically. We need to re-establish the link of money to commodity instead of allowing banks to dictate the value of currency.
Taxing labor is supposed to be unconstitutional. The corporations, if they were somehow denied loopholes like tax shelters, would automatically represent redistribution IF the law re capital gains tax were upheld.
If I had ten million bucks and fifty years I could be really rich. It is a no-brainer. Our tax system encourages it. It is hard not to get really rich if you have some money to invest and time to invest it.
@@jellyfishi_ The laboring class is the first to be enslaved. Of course, the captains of industry are also enslaved to the Golden Calf. The USA went through all this in early 20th century and no new thinking on the problems of the 99% since then. 1% has their knee on our necks and won't let up until we are dead.
Speaking of Turkey, According to the Organization for Economic Cooperation and Development, Germans happily sort 65 percent of their waste into an array of color-coded bins to be collected for reuse or incineration. South Koreans come in second, recycling 59 percent of their refuse. The United States recycles 35 percent; that’s only slightly above the average for the developed countries that belong to the organization, but it is miles ahead of Turkey, where 99 percent of all trash ends up in a landfill.
+Blind Freddy, I consider your observation inaccurate. Erdogan comes from a religious, backwards-oriented political direction, who promises essential to "drain the swamp" and "make Turkey great again". In return he is treated by his followers as the messiah, who brings pride, greatness, independence, strength and (last not least) wealth back to the country. This is the classical fascist narrative - an illuminated figure, a "saviour" arises at the horizon, unifies the people, and leads them to a golden age. IMHO this is a tendency we can currently observe everywhere in the "western world" as a *reactionist* movement in reply to plutocratic tendencies that call themselves (neo-) liberal. If this chauvinistic, authoritarian tendency goes unopposed, it will ultimately lead to desaster.
Wealth tax=nightmare. Constant churn into hard assets with all sorts of chicanery at valueing those assets. If you don't believe me move to upstate NY, pay 20K/year in property tax and witness 'the good old boys' get special treatment from the assessors and laws that favor landlords who cut up grand old houses into apartments and paying half the rate of the same house next door occupied by one owner family.
Oh God, & if (no pun there)...the world-population at 1/2 billion people conspiracy is true....it explains the no action! (May 2020).... Wait for nearly a year in terrible plague to change presidents....you don't want to upset things, do you?
+callofduty102903 Do you suppose this comment will endear your POV to any readers? Because Sanders is a communist, he has terrible ideas. If you'd stick to that, you'd be better servved.
Wonderful insight, as always. I wish the will was there to do something about it before it gets completely out of control; indeed, it may already be too late.
One thing I learned about the 1%, after unclogging their sewer lines in Jackson , WY, for 11 years, is that having lots of money doesn’t mean they have lots of intelligence.
Increase tax for the top 1%, I'm a Nurse and I pay $20,000 tax per year! Some earn billions and pay a percentage a tiny bit higher! They earn billions due to their birth right! Genetic lottery and we all suffer!
Alicia, sounds like you are jealous, I really don't care what other people make, that is a losers game! Was Bill Gates born into money, was Steve Jobs born into money, Was Bill Clinton born into money,was Warren Buffet born rich? The 1% does not remain the same year after year! What we need is more people to make more money so that they can contribute! The problem is we have too many takers and not enough givers!
Bill Gates was born rich... the Clinton foundation... thats a mess, check out how much money the Clintons take out of that... but I do agree we need less gov. regulation to stimulate our economy. The free market understands supply and demand, progression and efficiency better than any gov. can
Remove all Taxes make the government become a true corporation and earn money with products and services but they must supply and cannot use the system to force people into the slavery of debt based economy. Shrink the governments power over the citizen. Inflate the citizens power over the government the way our sovereign citizen forefathers wanted it.
This video needs more views so people wake up, and can start to at least build they’re own assets and produce the income that only the 1% have enjoyed exclusively. It’s sad. We not even on the playing field
@@rickknight3823 saying things like since "Roman times" makes them think we're "stupid enough to deserve it". It restarted in 1979 the last time was the builder age s d only anti-trust laws stopped it.
@@apove1814 fair point squire. These things tend to occur in cycles it seems. Will we get ourselves together to face off any further encroachment of our liberties I wonder.. Gold backed dollar switch in 79 heralded this current era of debt enslavement. Are you an advocate of Bitcoin at all?
Most people who have half a brain know EXACTLY what’s happening. The problem in the US is that there are very few people with half a brain, and are EASILY herded, and sheared repeatedly AND without push back. Just look at Faith healers and how successful they are. The vast majority are easily scared and will turn to the very people that are scaring them for direction.
@@ElectricityTaster Very TRUE.you only need a salary of 25k or higher to be in the worlds top 1%. the 1% demand for the 0.001%'s products is the root of the problem.
At it's root, convenience is the real driving force behind inequality. You live in a nice home, clothing on your back, in safety and comfort with food in your stomach and entertainment just a tap away. Whole industries provide you with that comfort, industries that you probably have never even thought of. And by wanting that life of ease, we make the owners of those industries wealthy beyond measure.
You must be one of the top .1% Are you implying that living in a hut without modern conveniences and perhaps naked will resolve inequality, lol 😂😂😂😂😂😂 No one is that stupid
I recently read the book. I recommend it to understand economic realities. I don't recommend hoping our way to a more equal and just society. A world wide progressive tax on capital income is as likely as power willingly giving up its power for a greater good.
So glad we have Bill Moyers in our lives. His interviews are so informative & educational. Love the interview with Paul Krugman of the NYT. He is my favorite journalist in the world. Why? Truth, facts, hope, informative always, with a twist & suspense to get people thinking & talking. He should be interviewed on every daytime & nighttime TV shows so more people can share his opinions, thoughts, where we are as a society & what needs to be done to improve the lives of people in our society. Could never start my day off without reading his opinion or thought of the day. Provoking ? Yes, but in a good way.
It's all great mr. Krugman and I am an admirer of your work which was part of my own education as an economist in Copenhagen. The sad fact though is that even traditionally egalitarian societies like the Scandinavians are all aspiring to be more like the US. Particularly when it comes to "redistribution" through inheritance tax. They will succeed in achieving this precisely because the populations in these countries are not homogeneous any longer. This justifies the scale back of redistribution, according to current political trends.
Who is watching this 10 years later, utterly depressed that things have got worse?
Oligarchy is alive and well and ruling the US. At the moment billionaire (Peter Thiel) backed Manchurian candidate JD Vance is the case in point.
Anyone else think the healthcare is even worse. But hey atleast i have health insurance.
It certainly has and will continue unil it implodes
Almost like they were clairvoyant, almost like they had no earthly idea :(
@@Roses-lilac Lucky for us, humpin’ hyeana will save us. (Compliments of judge Joe Brown)
The perfect dictatorship would have the appearance of a democracy, but would basically be a prison without walls in which the prisoners would not even dream of escaping. It would essentially be a system of slavery where, through consumption and entertainment, the slaves would love their servitude."-Aldous Huxley
And it's not just entertainment. Governments and companies can charge fees to the serfs for the privilege of having their taxes, government-imposed forms, necessary loans, etc processed.
You can convince them that they need to pay the costs for you to extract their property from them!
@@OurNewestMember poor wages/slave labour during the day, social media gaming reality tv porn sports alcohol, medication and drugs as a distraction/coping mechanism, soon to be accompanied by AI and VR. With no real say with what happens in government other than voting for a figurehead, and no means to ever attain any form of real wealth/security through a regular 9-5. With meditation, and learning how to destress and new age spirtualism, rather than tackling the issues that cause the stresses in the first place. People already loving their modern day slavery 😂
So SDS did not work for you 😅
A perfect description of the USA corporatocracy.
So current situation then?
" The best way to keep a prisoner from escaping is to make sure he never knows he's in prison." Fyodor Dostoevsky
Wow nice quote:)
BUT WHO THE FUK DOESNT ALREADY KNOW?? EVEN DEAD PPL KNOW!!
People dont read intelligent books anymore
@@laragreene8328 you would be surprised. There are so few people who know that we are powerless. And you have those who mock them, thinking we are stupid enough to cower under insults. There are, basically, too many stupid people who lord it over others and call THEM stupid.
@@vdg8508 TRULY, tHERE ARE SO FEW PPL WHO KNOW WHERE OUR FOREFATHERS GOT THEIR STRENGTH FROM...i THINK THAT IS OUR MAIN PROBLEM!😉
I am watching this in 2023 and can't believe that this information was available 9 YEARS AGO!
This is quite horrifying and makes it seem hopeless. We cannot let this country continue like this!
9 years is NOT VERY LONG!...there were videos back then!We had cars,trains,phones!
This has been going on in the USA since WW2.
The brainwashed evangelical bigots keep votforbwhite conservatives though.
#NeverVoteRepublican
This has been in the works for decades. It is how America was developed and the laws and institutions were created. The great American myth of the American dream was just to keep the lower classes dreaming that if they worked hard enough they would gain the upper class.
MSM wants to keep this a secret and most politicians. Also, if you want to see the cause of inflation look at the diesel prices, $4. 37 at the pumps. Everything is shipped by diesel trucks. No wonder all prices are still soaring. Oil refineries are limiting diesel production and Big Oil is making a mint while screwing the public at the store and the pump.
@@metalrooves3651 Wow your idiotic comment offered zero pertinent logic against the point kaceykell7222 made. Great job.
It is easier to fool people than to convince them that they have been fooled.
*EDIT NECESSARY for ACCURACY*
Patriamonal Capitalism is actually not accurate, it is: *"Patriamonal Corporatism"*
We are really not a Capitalist Society, it literally has shifted up a *Corporatism Society"8 and this is hugely different and offers very little opportunities to the 99%.*
When reapplied with "Corporatism" the content then FITS PERFECTLY .
Corptocracy
True! Or Very True!
I have to write everything with proof then also people can not believe.
drive.google.com/file/d/18u5PaUqsSgSy2FLpIhzLZvuK-sjG7az9/view?usp=drivesdk
It’s easier to lie to people than it is to convince people they been lied to. I forgot who quoted it but that’s the correct quote.
I believe that quote was mark twain.
Not red vs blue, 1% vs you. Watch Scott Ritter and Caleb Maupin
Yep. And somehow were losing. Smh
@D.T. Baker yeah and we're divided because humans are too stupid and primitive to use their minds
Well said and 100% true. THESE DIVERSIONS ARE MAINTAINING THE SYSTEM. I GUESS THAT'S WHY TRUMP HAS A 1,001 WAYS TO DIVIDE. Our thoughts, voices, and prayers 🙏 need to be United. If a mathematician where to analyze all the events that have happened in the last few years,...
....they would probably conclude that all this chaos could not exist in such a short time span.
It’s actually 1/10th of 1% and you with the current wealth gap. And yes left vs right is an illusion. Same money from plutocrats and global banking monetary system incl bilderberg group and royals feed all govts incl and esp USA.
I think you’ll like these
USA’s Corp illusion of democracy
th-cam.com/video/vW-ImCVDsWk/w-d-xo.html
USA stunted political party system (lack of real choice: th-cam.com/video/ULYWIDcUOY4/w-d-xo.html
I was an interior designer and I was utterly amazed at the amount of money the 1% have. I was disgusted as they contacted me to spend money on an obnoxious level, and then these same people would be laying off their workers.
I got out of the business because it angered me to such a degree that I did not enjoy it.
If you like the book Capital, then see the consequences of this truth here: th-cam.com/video/GJkoLubRkkA/w-d-xo.html
Working directly with the wealthy is not worth the pay!!!
Double your designer fees and donate to charity.
I admire Your personal integrity OSHOCharmed One.
🌬🕊💗
I took over my dad's business in the 80s. He handmade custom lighting ,copper gas lanterns, and other functional art ,in collaboration with
designers and architects for the wealthy. Closed in in 2000, for the same reasons. Got tired of working for entitled asses that are clueless. The the amount of subservience they required fom all of us was repulsive.
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1.2m in gains… might not be a lot but i'm financially secure.
@@mikegarvey17I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA ’Izella Annette Anderson’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
school education teaches people how to be an employee
oh really? what does the uk educ looks like im curious. thanks in advance
Generally, the UK education system teaches people how to pass exams.
education system is invented by industrialists to coach factory workers... worldwide education system is absolutely obsolete imho... Finland is doing some proggesion on that front tho... Only thing i literally needed from school was native language,writing,english and math... some basic physics,chemistry.. otherwise school is a waste of time... people should learn what interest them.. specially children are so enthusiastic to learn ... i'm 30 and i'm self-teaching programming languages atm.. haven't had so much fun learning in my life... (i always hated conventional school as a kid...)
A minimum wage employee. But they would prefer you a slave.
actually slavery is a pain in the ass. better to give them their alms and find their own way, no headaches and a large supply of eager poor slob replacements
I’m watching this in 2020, and this even more so a reality. We’ve reached a point where there are a select few corporations, who have bought out entire industries and brands.
It’s more important than ever, that we support our local shops and farms. Otherwise, these smaller operations, who still take pride in keeping our communities healthy, will become obsolete. We will then only have access to food, which is produces and manufactured, by the large corps who have been poisoning us for years. This is also true for our healthcare industry, which has long ago, dismantled the natural medicine industry. It’s gradually making a comeback, but we need to push that it be treated as equal, and used alongside modern medicines.
That being said... it’s never too late for change, and wealth can only be sustained, if we continue to buy their products. We all have the power to level the playing field on wealth, and shift some of that money, back down the pyramid.
Yes ,very few have ability to congize these truth ,may be who knows there is somthing keep us bombarded with micro frequency which r always in touch and permanently damage our the part of brain to think thier way!
You do know small restaurants get stuff from suppliers. Big corp. Then feed it to you
We have no power of free speech let alone have the power to make a change.
@@Khalifa1592 We have free speech, but we can't allowed evil powerful people to be able to fool the gullible into killing the rest of us over a lie!
Yea isn't OUR gov. supposed to enforce anti monopoly laws at some point? wtf!
I have watched Bill Moyers for 30 years. I don''t understand why some people do not like him. He introduces and discusses current relevant topics. We all walk away more informed.
If you like the book Capital, then see the consequences of this truth here: th-cam.com/video/GJkoLubRkkA/w-d-xo.html
He's talks Progressive Propaganda
Wake up.
@@user-ii4zf5iq3t LOL, You mean woke. I'd rather be normal than woke
@@jamesmooney8933 what is "woke"?
I worked at a bank Trust Dept back in the 90's. I was absolutely disgusted when I had to credit the bank President's s two adult sons Trust accounts nearly twice my annual pay for the earnings on their shares of private stock in the bank. Neither man ever worked there. (I was paid about $100 year too much to qualify for food stamps.)
If it was honest money what is it to you? They won the daddy lottery, so what? Other's win other lotteries and there is less envy there but it's no big difference.
@@sstritmatter2158 the lotto does not factor here. nor the 'daddy'. this man is referring to his salary as an employee of the bank. the idea is that he is coming way short because the wealth of the nation is being siphoned up prior to the living requirements of the 'servant' class being met. ever heard of 'upstairs/downstairs'? remember 'downton abbey' of just a few years ago? we are being taken into 100% servitude. along w/ 100% surveillance to boot
No show jobs just like the mob. They know the loopholes. 😮
Yes, this was in [ 2014 ] and since then - absolutely nothing has changed - in point and in fact - everything has become much worse -
Boysie Dent - Yes, you're correct. You don't "make" people be "more equal" by giving them more money. That's the facade of the "equality" shell game. It's kept us occupied fighting with one another while the life force has been sucked out of us. I'm not advocating the obscene theft of the workers surplus value, but an immoral society, upper tier and lower tier, is itself on a race to the bottom that money can't fix. Shuffled around in any way you want, the coin under the shell will never really fix anything. A people with clouded minds, driven by their passions, can't be helped. This is apparent from the schemes that are constantly hatched on us. If we just give consent to the latest lineup of the "rights" of some tiny minority fringe group, or sanction some new immorality, then that'll fix everything! Ha, ha, ha! It's a "top-down bottom-up" race into the abyss!
Boysie Dent: nothing CAN change while oligarchy remains, vs. democracy.
@@Steveorino123 So them can you please tell me what is your point? Should we just give up a kill ourselves? Should we go on living and also kill ourselves from labor?
ITS BEEN GOING ON FOR OVER 100 YRS!!
Bill Moyers is the old school of journalism and thank god for that. He's got presence and dignity and he's smart, he asks the questions that you would want to ask. and he listens and HE DOESN'T INTERRUPT. Not like the current news shows which are like a three ring circus in comparison. He gets out of the way.
He is a Progressive indoctrinating you. They start out talking about it, normalizing it. Then they implement it. This was before Hillary bought the Russian Dossier and drug the Nation and Trump through the gutter. This was before the Summer of Love of 2020, yet they hint at uprisings in this polite conversation. This is before the 2019 talks of what if there was a global pandemic, six months later. This is what Progressives and Marxists do. They talk about things, to normalize the idea and then implement them. It's Marxism.
Biden has Destroyed the USA in 2 years using these methods. The USA is being destroyed.
Who are we kidding.
These are all Obama's ideas.
True
yes but he is biased, and ignorant
@@leonbrnstein3106
Can you see my post above yours?
Or is it hidden?
Bill said he was not an economist, he is a journalist and yeah Bill is bias, but everyone has their own opinion.
"The best slave is the one who doesnt know he is a slave." George Carlin
I could free more slaves if they knew they were slaves. Harriet Tubman -Underground Railroad
@@furkan1503 After you get your first million it doesnt count anymore. What would you do with it? Nothing smart that is for sure :o)
@@furkan1503 They hoard precious metals and your figure of 400 trillion is plausible given the real value of actual gold bought in large volumes is 10 times the trading the price of gold certificates. And with the global debt at 274 trillion which is in the black on their balance sheets makes it around 674 trillion when added to the precious metal value. So yeah 500 trillion to 700 trillion is close to the mark no doubt.
This is a very true insight into a genius mind of carlin. A satirist.
@@jackmckinnon4095 I see that not only are you an Ignorant racist but also a cut and paste artists.
The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips
You are absolutely right ,firstly I believe money in the bank is not money because it is bond to inflation and losses values overtime, You have to be well disciplined to achieve success and save before you spend Lastly success does not happen overnight it takes time, dedication and self discipline
money is a liability, not an asset. You have to exchange it for assets that represent real VALUE. Real estate - properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest), intellectual property, The aid of an institutional or basic financial advisor's cannot be over expressed. I started saving and investing in 1989 at the age of 20... I am 54 today and have 2.2 million in my retirement account, 135k liquid and I trade securities with 50-55k
I'm bombarded with the don't sit on it during the inflation, I wanted to jump in 8/22 and did nothing. So far this year I think I need to get my feet wet but I stopped listening and taking financial advise from TH-camrs, because at the end of the day, I end up with a bunch of confusing stories. Have you always had guidance?
I've shuffled through investment consultants and yes, they can be positively impactful to an individual's portfolio, have been in touch with ‘’Aileen Gertrude Tippy’’ over a decade now her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
"The American Dream- you have to be asleep to believe it." George Carlin
"The American Dream is alive for those unversed in the ideology of victimhood."
Dr. Thomas Sowell
It takes considerable knowledge just to just to realize the extent of your own ignorance.
Dr. Thomas Sowell
@@kenw.1721 exactly. Something many progressive liberals need to hear.
@@erniereyes1994 The book is too long for you to read?
@@l.w.paradis2108 bet you dropped out of college lol
Three and a half minutes and I am reminded of what was at the root of the French Revolution. A country ruled by an aristocratic elite that made it impossible for any commoner or ordinary citizen to have any aspiration in an increasingly poor society. Sorry but the similarities are hard to ignore.
Whosoever, what % of people are in the streets demanding bread? The people in the streets are spoiled college kids with too much time on their hands! Are you starving or are you one of the spoiled?
@@billashby7858 Ah, a paid troll. An enemy of the average American.
@@joelcarson4602 Why don't you post a factual counter argument instead of a worthless Ad Hominem.
Let me know when you are ready to sign up to help make it right.
@@joelcarson4602Yes, so let me know when you are ready to sign up to help make it right.
WHAT THE 1% DONT WANT U TO KNOW IS WHERE THEY LIVE
Blurred areas on "google earth" might raise a point of interest.
True that!
Pfff Aspen... CO or Park City... UT ....
they have gone subterranean a while ago
@Lasse Givoni are you saying that "everyone can be happy it doesnt depend on wealth" is a lie? Surely you know happiness doesn't come from money, that's pretty much common knowledge. We need money of course, like we need blood, but the source of any happiness is your own mind.
Wow, I'm looking at this in 2021 and they really nailed how the future economy would look like
Glad to see you here regardless my friend. Not many seek this info. 🙏🏽🙏🏽
Shit?
The unfolding plan
Its now April 2022 - look whats happened now
@@jayjaychadoy9226 yesss☹🤯😟
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading
May I ask which stocks are good? I've been looking at a few different ones but want others' opinions as well
what i think you need is a Financial Adviser, who can help you get in and out of any stock you buy at any time and you'd sure be in Profit
who would you recommend?
*TERESA JENSEN WHITE,* That's whom i work with
I have seen loads of news of *TERESA JENSEN WHITE* on the internet, she must really be that good for she to be talked about in such a way. Is she on TH-cam? please how do I reach her
When you are this kind of wealthy, covert-19 or race riots don't affect you.
Depends on level of affect - but our family does not watch the news so ....what affect would you deem affects those whom live in rural areas? (just seeking your opinion & if you chose to respond - thank you!)
But they do affect your investments
You have the Nazi attitude toward Jews.
Is failure and suffering and sacrifice your moral ideals?
@@vdg8508 when you start shaking you will wise up .
Good thing we recently passed the largest tax break ever for the 1% knowing how tough things have been going for them in the last 25 years compared to the working class. Things are going just fine for them for sure.
If you like the book Capital, then see the consequences of this truth here: th-cam.com/video/GJkoLubRkkA/w-d-xo.html
we passed !? It wasn't we, it was that knucklehead Trump.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $90k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@@williamDonaldson432 Impressive can you share more info?
@@williamDonaldson432 I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help
When the BANK and the GREEDY FEW, writes the laws and regultions for government to put into usage. That is an oligarchy! We are not close to an oligarchy, we are an oligarchy.
Stephen Lee: We have been an oligarchy for a very long time.
Stephen Lee Yes, I agree, we are living in an oligarchy. As a boomer I remember the golden '50s and '60s when the future seemed bright for working people. Comparatively, the future of today's millennials is bleak. But that generation has been so distracted and stupefied by social media they don't bother even to vote.
This election just past might have been American democracy's last gasp at reining in the power of the super rich. If the inheritance tax is eliminated, as Trump is advocating, by 2030 a tiny aristocracy of a few hundred families whose wealth was inherited, not earned, will control this country by funding the campaigns of elected representatives. And their wealth will exceed that of the rest of the country combined. Meanwhile, at the bottom, people will struggle just to survive.
Of course this kind of society cannot go on indefinitely. Either there will be a bloody civil war, or some totalitarian state will usurp America's power. I got a chill when Kugman acknowledged to Moyers that it's all over for America in terms of reasonable income equality. The ship has left the harbor. The stooges of the super rich, the Republicans, are now in charge. They will go about eliminating remaining taxes on the rich, and defunding any remaining social assistance programs: Obamacare, Social Security, Medicare, and so on. This isn't speculation: it's the Republican's publically announced agenda for the next Congress.
By the time the millennials catch on it will be too late. It's already too late, says America's leading economist. Over the next decade or so left I expect to see America's best and brightest begin to leave this country for a better life elsewhere. As for the rest of us, well, we won't be able to keep up the pretense of prosperity much longer.
Our only hope is that the millennials wake up, raise hell, and organize. They've got the numbers and they've definitely got the motivation. But their helicoptered childhood has left them unprepared to do battle, and battle must be done -- not in the streets, but in the corridors of politics. If they can revitalize the Democratic party and make the source of practical social programs like Social Security and Medicare to help reduce income inequality, that party will once again have meaning. Now is the time, before the upcoming administration undoes all the social progress made over the past 60 years.
I lived in the "golden 60s". I heard the exact same arguments then, from my parents and all their friends. Nothing ever changes. The doers do, the whiners whine. It was the same then, (only there were a hell of a lot less whiners then.)
John Techwriter in 50s and 60s, America had zero competition.
@Doogie Houser - *fewer whiners, not less. Also note that the discussion is about inherited wealth. Not sure how much credit those go-getting babies have earned.
yet we voted for the billionaire who promised me a job in a coal mine and gave me a red hat. ignorance is our greatest enemy.
chilly d Hillary was in the backpocket of the Wall Street bankers!They financed most of her campaign.Is that who you think was going to change the current status quo ?
Mike Green I supported Sanders, but Hillary was a better choice than the con-man elected by 1.2 million fewer Americans.
Mike yes, much better.
Mike I support Glass-Steagall and Dodd/Frank. I also support international coalitions, but I'd rather not be the world's police.
"yeah cause a woman who supports, fracking, big banks, and war in the middle would be such a better option"
Mike, yes, so much better. And A LOT of people agree. People that don't matter. -Because they live where a lot of other people live. See, in America for your vote to count, you have to live where nobody does.
Profits are rising, yet the only salaries(inflation adjusted) that are rising exponentially are the managers'.
The root of the issue is that workers need to be paid more. Stagnated wages while every other cost increases stunts the economy due to lack of spending.
Lol if you are not a managing director at one of few national banks then chances are you will be making closer to minimum wage pretty soon
@Bill Randall you telling me that college degree will make you middle class? I'm gonna wait for unicorn to take shit on my yard and wait for it to turn rainbow purple before I believe that bs
The lack of spending is also the result of less money available. People are "fighting" over what's left, to pay basic bills. With 8 billion people on the planet there is no shortage of labor. Remember the 'laws of supply and demand'?
I want to start investng. Is it safe to start now, or should wait until the end of this possible correction/bear market, despite the economic crisis facing the world, is this the right time to invest in stock, Gold/crypt0?
Don't wait until the market skyrocket again then you start biting your fingers wishing you made the decision to invest.
You can start today regardless of the market, invest and change your future! Investing in the financial market is a grand choice I made.
Crypto currency and NFts will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment
@@ryanconnorlucas7579 You are right but the market is profitable if you are using a really good broker or account manager to help out with trades provide signals
I recently heared about the nfts thing but still don't understand how these benefits people or how the NFT buyer use such digital arts.
11:25. Funny how people who accumulate some wealth and think they are part of the wealthy class. Yet, they could be wiped out in any major economic crash. They have no idea what real wealth is.
@MiserableOldFart IDK know anyone named D.J. Trump?
@@virginiaoflaherty2983 The serial bankrupter?
real wealth.....do not deal with banks.....be the bank.....real wealth
So true!!!! So many morons defend the elite class, as if they’re part of the club. Ah yeah no.
@@thepolth8035 even this stock market crash?
"Let me issue and control a nations money and I care not who writes the laws."
Amchel Rothschild
It's called the Federal Reserve Bank. Which is not really federal nor a bank. It's a private organization what stress the value of our money & releases more or draws it in. When we separated from England it was one of the things we were supposed to escape from but a few rich new Americans secretly created the Fed, voted, created a crises and the people were duped into supporting it. Now how do we get rid of it? It's not impossible, just hard
@@loridrblake9770 o my god you put it so well there is nothing to had to it just to take away from it , thanks you , ofter they got reed of the titanic with the three richest men thank you
The obscenity of this, as well as the complacency toward this obscenity, makes my head hurt.
WE SWIM IN WALL STREETS BRAINWASHING!
I think they have a pill now for the pain you describe. Perhaps you should SEE YOUR DOCTOR...
"Wealth is so concentrated that a large segment of society is virtually unaware of its existence "
- THOMAS PIKKETY (CAPITAL)
Oligarchy isn't possible without the richest having "politicians in their back pocket". The concentration of capital seems to be the nature of the beast. How does the world change this?
Vote out the old and vote in the new. Change laws to only people only of an income of a wealth income cap...LET IT TRULY BE WE OF THE PEOPLE...So no Jrs can be a govt official..they can,marry one only...term,limits....no stock trading when in office.
They don't , you are watching the largest wealth transfer in history and this suckers rally is on fake printed money to reflate the markets so everybody thinks things are back to normal. THEY ARE NOT!!
Hi AAMacK, we can only change it by changing the rules. Accept a sane bioethical paradigm for culture & you can accept the possibility of a bioethical monetary credit system. How do we get there? Co-creating an ecotopian civilization is the only way.
I do not think it is possible to change it ,as it is worldwide [just like the virus] and they all work together to keep the truth hidden and those that wish to change their corrupt systems are either subtly or blatantly sidelined or hindered from reaching positions where they could have a positive effect on real change . The system is the beast ,if you like. Here is our track "System is the beast" th-cam.com/video/RST-Rkmx_F0/w-d-xo.html
CHANGE WILL COME WHEN THE RICH REALIZE NO ONE IS WORTH A BILLION DOLLARS.
actually it's 0.01% not 1%. 1% would mean that one in a hundred is oligarch - that is not the case
@Mark Godfrey Why are you so angry? The comment was valid.
Don't you recognise Trey G, behind the mask.(beard, teeth and a week disguise??
All is been said about the 1% are the controlling entities, yes as that number is been mist understood.
33 million at 1% equate to humm 3.3 million, therefore I think the number should be 33 or 50 or 100, but 1%?
Yes that group of people is somewhat interest to make the so called and true globalist to gather with the U.N that they too CREATED for that only purpose.
The actual 1% is comprised by all of the people blindilly working for the globalist.
Sorry, 330 million in the USA x 0.01%= 3.3 million.
More like 0.001% actually calling shots.
There is no drift towards kleptocracy oligarchy
There is a landslide.
Let me know when you are ready to sign up.
An AVALANCHE!
Continental drift?
Sooooo....what do you do, to stem that slide?
That is, what have you chosen to, or been doing about it (other than voting...which is kinda like throwing oneself against a brick wall)...?
A million seconds is 11 days. A billion seconds is 31 years. To get into the Forbes 400 you need at least $2B. There are over 600 billionairs in the US. Like Krugman says, most people just cant comprehend this level of wealth.
Well, according to a post I saw on TH-cam, there are far more billionaires in China than the US. Don't know if it's fact based but I think it might be so.
When you see something like this, you realize how stupid we are.
Or how lazy and detached we are from insuring that OUR government works for ALL of us.
Amen it's amazing how we let them get away with this 🙄
it's like give us exactly that much amount of crumbs from the pie so that we maybe keep up thinking about inequality but not too much to make it viral or for god sake get our fat asses up and get organized...
It is time to wake up as many people as possible. I know things look really bas from the scope of a media funneled screen...... The reality more people are more awake now to listen than ever before. It is the perfect time.
@Kevin Frenyea I'm just praying it's not too late.
Miss Bill Moyers on pbs so much...one of the last great journalists sought to report the truth and clarity above all else..
Walkerwayz indeed. Him and Phil Donahue (not sure I spelled that right). Among other great-albeit either dead and/or very old-American minds, journalists and thinkers.
PBS is not what it use to be ever since george w bush came to power in the usa.. now is nothing more then a polite cnn or msmbc and nothing more.. the pbs news hour of the past is no more..
Sad but the truth!
Every time that Moyers mentions sacrifice, he smiles. He would have made a good guard in a Nazi death camp.
If you like the book Capital, then see the consequences of this truth here: th-cam.com/video/GJkoLubRkkA/w-d-xo.html
Glad to hear we have "affordable health care" in the US, now. $1000 a month a with a $25,000 deductible. Thanks, much.
Sickcare
Ya affordable that’s laughable and calling disease control healthcare is even more laughable
The "health" companies got the program they wanted. Obama and the Clintons tried to beat big Pharma and the insurance industry and lost. Now, we taxpayers pay them twice. It is such a crime that the same drug from the same US factory costs $10 in Mexico and $110 in San Diego.
@@DrJohnnyJ That's if your insurance company "allows" you to have that drug. They can force you to try something else on their "approved" list (read, a cheaper drug). Sometimes multiple "other drugs" before you can get what your DOCTOR prescribed in the first place.
Trumpcare is much worse than what we had before.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.
@@martingiavarini Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with “Catherine Morrison Evans” for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
@@martingiavarini Thanks for sharing this. I did my own little research, and your advisor looks advanced and experienced. I wrote her and dialed her twice but she didn't pick up so I scheduled a phone call.
I like Bill's characterization of today's gov't as a "protection racket". Very succinct.
+Carol McKee . yes what Paul is saying is, the French take better care of their SERFS than US INC does. Problem, yes they may not be homeless and destitute, however they are still SERFS. not free men and woman.. who wants charity from PARISTICALTHEIVES ?
+Carol McKee ..Why doesn't Bill call it what it really is .. WELFARE FOR THE RICH ?
ngonea
I wasn't aware that FRrance had reverted to a feudal system.
+Carol McKee *Now a year later, change might be in sight as the excitement for Bernie Sanders for President 2016 keeps growing!*
BERNIE 2016, & 2020
Watching this 2014 interview in 2020 is like seeing the future read.
Pj Lewis , agreed!
This is making me so sad, t-Rump had ruined America, since the 70's the middle class had been destroyed!
Pj Lewis SAD indeed
ikr :/
It's now Apr. 2020 and we're now beholden to the 1% more than ever.
Watching this on 2020, and things are more and more evident than 2014. It is so compelling.
Exactly...in the same vein we should enforce documentary comparisons of the Politicians and economists mandates and forecasts from the past with today...that would put them in the 'Dock' more emphatically than any other means of showing them up to be responsible for their words...We might see a 12.5% success rate, perhaps, well, maybe not...
If you like the book Capital, then see the consequences of this truth here: th-cam.com/video/GJkoLubRkkA/w-d-xo.html
A decade later, and the situation is only worse.
I though we were in an oligarchy already! One things that happen to oligarchies - they inspire revolutions. 1% cannot control 99%, especially if the 99% don't have anything to lose.
We are in an oligarchy already!!! They control our government with campaign contributions. Look at the organization called ALEC. They draft legislation and give out huge campaign contributions.
I guess you and your bunch have the solution?
they can when they also control power - power over the military and police. Wake up. 99% of the population will not be able to rise up under the yoke of a police surveillance state.
Your Time To Cook! II
Your Time ... yes they can, they have been since WWI.
The predatory capitalist is a parasite of Labor. The predator lives as a veritable god while Labor struggles to make ends meet. That's some system.
It's a system of slavery; we will never be free, unless we take back our freedom!!!
Well, the solution is simple. You have the freedom not to be a prey.
@Firecracker CT don't be a prey.
As a Socialist system consume those that produce, then after effectively doing so. It will then ravage the middle class into surfdom to the state.
@Firecracker CT Oh yah? and when unemployment reaches historical lows due to pandemics, such as the one we're in,
or just technology displacing more and more workers over time.. no labor = no disposable income for consumers to consume.
No consumption = economic crash. , The contradiction that no one seems to be focused on is that
the further ahead technology grows, the less labor will be needed. basically, were in the cancer stages of capitalism,
where the system starts to destroy itself. We have to move into an economic system designed for our time, not one designed over a century ago.
Why does the FED have to continually inject trillions (quantitative easing) into the big banks and financial institutions
for years now, if the economy is doing so great as were told? Total sham.
Mr. Moyers, thank you for this enlightening interview that so eloquently voices what most Americans have been living through for the past 45 years. Would you consider updating this interview to bring it up to 2020? I think it would be riveting to hear Mr. Krugman or Mr. Reisch explain how far into oligarchism our nation has drifted. All the best to you and yours during these difficult times.
Oligarchy, particularly on the neoliberal, Democrat side in 2020/2021. Both Krugman and Reisch, particularly Reisch, far left. Haven't started watching yet, so this will be interesting. Neither conservatives nor liberals can deny the dramatic concentration of wealth over the last few decades. What will be interesting is to hear whether they approach the issue in a bipartisan way or with left partisanship.
If you like the book Capital, then see the consequences of this truth here: th-cam.com/video/GJkoLubRkkA/w-d-xo.html
Lets see Gates, zuckerberg,Musk,Bezos,Buffet and many other multi millionaires in tech industry are all new wealth ,not inherited ! Inherited wealth tends to be watered down over generations because the one fortune is split between siblings !
Mr. Moyers sounds like he would prefer to be in Venezuela.
I can conclude that the myths of “self made” and “hard work” are just illusionary terms used by that small group to make the rest believe that they acquired all what they have applying those principles. 👽♥️♥️♥️
explain how you think they do it
Hire the right people to grow your income and pay them the absolute minimum and reward them with pizza party and things they dont need.
@@jason4275 great explanation 👍
If you like the book Capital, then see the consequences of this truth here: th-cam.com/video/GJkoLubRkkA/w-d-xo.html
All power comes out of the barrel of a rifle.😊
Even the rich people are getting uneasy, because if the poor and middle class are pushed too far riots may upset their perfect life. I was make $13 dollars an hour in 1981 while going to college, now it is hard to find a job for more than $13 dollars an hour nearly 40 years later! Its no wonder people are mad, the cost of living is 5-6 times higher than 1981. The American dream is over for many people. If the government wanted to fix things they should tax no one making less than 50k per year and cut spending to slow inflation.
If you were making $13.00/hr in 1981 and now you can't find a job paying that, what happened?
Bill Ashby May be G.A.T.T., N.A.F.T.A. perhaps?
Riots usually burn down poor neighborhoods, billionaires have jets and homes around the World, do you really think they will sit around the USA and wait for the Government to take all their money???
www.armstrongeconomics.com/international-news/north_america/americas-current-economy/why-the-top-1-get-richer/
Abe Lincoln hyy
I love and respect Bill Moyers. What a contribution he has made to journalism.
One of the unfortunate consequences of the income inequality is the drop in the overall quality of education. The result is that there is a sharp diminished ability for many to process information and evidence. A few childish types even resort to name-calling. Most people criticizing Krugman obviously missed the point because their grasp of this most obvious piece of knowledge is simply beyond their forces.
Yes. Also Krugman is often cited in Academic Literature
bingo!
False. Quality of education is caused by the state because it's mostly controlled by the state. Banking, healthcare and education are all heavily regulated by the state. This creates cartels and monopolies which increases price and lowers quality. It has nothing to do with income inequality.
Loid Poly the inequality in education is due to the funding system
the better the neighborhood the better the education that social discrimination
U2 Guitar Tutorials and where do those funds come from? Taxes in lower income areas there is less tax for quality education. How can you not recognise this. Equality is dependant upon access to the very basics of health and education. America is investing so little in its future that it is doomed to fail.
Makes ever more sense than it did years ago when first seen. Surprising!
Funny how he ignores all the massive amounts of Capitol spent on the USA war machine....instead of the country, people and infrastructure!!!
There needs to be a blanace to the biggest corruption and threat yet.... without that I can guarantee that you would've spoken some dialect of mandarin by now... and that you would not have been able to say what you think in public.
People who benefit from massive amounts of capital spent on wars are, guess who? The same wealthy people in the 1% group because they own or are majority shareholders of companies that make fighter planes, tanks, missiles, guns, bombs, and all other weapons used on wars.
@Julia A Thanks and agree with your comment. Also and again, most of the banks and Finance companies are owned directly or by their shares of stocks by the same 1% group of wealthy people. So, wherever you look, these people have bought most politicians and through their Gov't policies and sadly, control all of us and that's where we are now and why people are upset and dissatisfied and are now protesting and demonstrating.
Yea just another for hire
@@TITOFROG1 Isn't is strange how our tax dollars go to fighting, and we get nothing to say about it?
Well A Stanford University study had already declared that the U.S. was not a Democracy any longer but in fact an Oligarchy before this show aired in 2014.
paxwallacejazz it was never suppose to be a democracy! It was designed to be a democratic republic! 90% of united state citizens deserve whatever it is they get there so fucking stupid. The 14th amendment officially made every single us citizen a salve... state citizens have rights
This USA is and ALWAYS should it be: A Christian Republic ‼️
@@benybilly3519religious zealot!
Also watching august 2020. Hard to believe this is 6 years old.
This has been going on since Roman times. If we haven't figured it out since then, we will be fighting just as long.
Now in 2021 you get to see the results of this Marxists propaganda of blaming the wealthy
Are you enjoying the direction this Socialist nonsense is taking us?
Oh my God. I have been discussing this exact thing with others as the times and our futures are changing right before mine and our eyes losing Democracy toward becoming more an Oligarchy!
"Those who have the money make the rules" G W Bush
But then they don't know Jesus...God is still in charge, not leaders...
Jack Malone - The Golden Rule. Those with the Gold make the Rules!
@@teresagregg3957 I read the whole book, and in the end things get really crappy. No sense fighting it. Just get on the side that overcomes.
that; creepy criminal and killer did spew couple words of truth.
yeh, still deluded that money is wealth!
Answer is- the dollar vote. We vote with each dollar we spend- as consumers. Rigorously devote those dollars to better ends...
You got a point
Please give this man a Nobel prize.
The dollar vote is usekess as a tool if central bankers can just print it out of nothing and out vote your hard earned votes.
A fair monetary system is need for an economic vote to be effective. Without it, central bankers control the votes.
Pip Santos No no no, that defeats the whole purpose lol
We vote each dollar from the government budgets (one citizen, one vote) or allocated for whatever each year, and WE the people decide what projects, communities, people gets what based on short summaries of each project/new technologies,research,communities, whatever is applying for money and why. Top 5% of companies and individuals should immediately be taxed an additional 5% in taxes which will give us a much greater pool t start with by lowering working class taxes to 2%. Lobbyists won't be anywhere near as effective at bribing the whole country, force rich people to do th right thing, give everyone the whole year to look over booklets of applicants (after any claims they make have been independently verified) , compare what they have been given previous years and why with a independent hotline we can call whose identities remain unknown to us and lobbyists and then vote at re end of year or submit booklet with their amounts written by each organization//country or whatever.have independent anonymous vote counters and see what the results are. That would be a true people's democracy. But the government wants to make us think we're stupid and coupling do what they do with ease.
Bill Moyers & Co has provided exposure, insight, investigation, information, & inspiration that I've appreciated. More should follow his example, the 5th estate must have such integrity & provide such a service.
If you like the book Capital, then see the consequences of this truth here: th-cam.com/video/GJkoLubRkkA/w-d-xo.html
Good thing these "experts" are finally seeing what has been blatantly obvious to us poor people since we've been alive.
Good job...
IVE SEEN THE FUTURE I CAN'T AFFORD IT.
Bill Moyers has always had my respect.
hes rich!Hes one of the one percent!
"Most people have no ideal" by reading just a few comments, he is so correct.
50 million unemployed
What you don't realize is that this video is propaganda to get you to hate the system. It doesn't matter what the 1% have, what matters is what you can get for yourself
Ask yourself this, if this video cares about you so much, then why doesn't it tell you how you can make more money for yourself?
The reason this video doesn't is because it wants to fill you full of negativity and resentment so it can control you and get you to support the Democrats taking over all the wealth of the country 'on your behalf', but you won't see any of it
If you like the book Capital, then see the consequences of this truth here: th-cam.com/video/GJkoLubRkkA/w-d-xo.html
@@dkizxpt-su3ze have you contributed to tRump's presidential run?? Buy those tRump NFT's??
He’s right about the “ugliness”. Shocking to hear candidates name calling and telling rivals “she can go to hell.” Also the ugliness from the mouth of former president and his son-in-law
476 people get angry when someone suggests a book to read.
Lol! Telling, eh?
mind bending
Was it the Koran?
Dancing Spiderman good point
Today it's 493. The 3.2%.
For those who have not, please read "The Creature From Jekyll Island". It explains in great detail how the Federal Reserve was secretly resurrected in 1913. I wish that every American citizen would read this book. Tlak about the machinations of the
"One Percent-ers"!!!
Steven Koehler right on! You can also suggest people watch "the money masters" for free on TH-cam, because not everyone will read
The Creature will change how you look at the so called Federal Reserve. It isn’t “federal” and there are no reserves. When will this change? Never. Money and power control everything. We DO live in “such an ugliness.” Where are the good people, good leaders?
100%. It opened my eyes. Tracey Cooke is right about money masters as well.
Steven Koehler It was credated, not resurrected, hence the name "creature." I think before that we had a Bank of the Untied States which went back to Hamilton.
This book is one of my all-time Top 5 "pivotal" books that I've read, and I've read my fair share. However, I don't share Griffin's perspective of a solution.
We WERE a constitutional Republic...not a corporate democracy! STOP calling us a democracy!
steve nunua We were just a republic that represented only the plutocracy. You had to have a sufficient valued set of property to vote, a male at around 21, and generally show some European decent. The senate wasn't even voted by the general public, but by the oligarchs who tended to have the leisure time to run for office for the House. Same for voting for the president, only the House and Senate voted. Slavery and servitude with a very strong cast system existed. Duels were often conducted. And people thought bleeding would balance "humors" to cure colds and other illnesses when really it causes all conditions to get worse.
We've changed since backward backwater days of our countries inception both in our scientific understanding, and in our democratic we the people for the people by the people democratic government. We're currently a democratic representative democracy. Our constitution has continuously been updated. In fact, the first amendments to our constitutions happened in 1794 11th amendment. Not to much mention the first 10 amendments were amending the first articles of the confederate that weren't working. Presidential procedures amended in 1803 where the states would determine electorate for voting for president where the states tended to open the vote to property owner votes. Later changed again in 1866 14th amendment. Various other constitutional amendments now recognize adults 18 or older, all citizens regardless of economic class, racial class, or gender, may vote.
Stop calling us not a democracy. And quit wanting some plutocracy. That's sheer stupidity.
jmitterii2
First understand the authoritarian and human nature. The best covert action was to invent a bunch of documents to cover up their authoritarianism. That was done with the bull shit of a Republic, liberty, freedom and our 3 documents we hold so dear that actually gave the power to the government, not the people. The people loved it and worked to get the carrot of freedom and liberty that was only a ruse from the start. We built a powerful country in a few short hundred years probably exceeding even their expectations of their spin and lies. Americans are obviously more gullible then most. Then around 1900 the slow boil to the same old totalitarian oligarchy began...and that is what we have today.
YOU WANNA GO YOU RICH LITTLE BITCH? MEET ME AT LAFAYETTE BOULVARD IN MEMPHIS AMD ILL SHOW YOU WHAT YOUR MONEY SAVE YOU!!!
Wealth is VASTLY overrated. My friend has a very wealthy acquaintance who says she never has a moments peace or quiet. The leering "Help" is everywhere! 24hrs a day, 7 days a week, 365. Cutting lawn, steam-cleaning the driveway, washing windows, polishing silver, trimming trees, painting walls, banging pots in the kitchen, washing dishes, packing sideboards, dusting furniture, doing laundry, washing cars, in hallways, in rooms, vacuuming carpets, in the yard, cleaning the pool, tending livery, walking the dogs, ironing clothes.
She writes checks and pays for repairs all day long. The help always whispering and shuffling about quickly to 'be out the way.' She told me once her happiest moment is when we all go for a bowl of Chile at Barney's the local dive just so she can escape the help. A day at her mansion is exhausting. NO THANK YOU.
Give me our little cabin in the peace and quiet of the mountains any day of the week.
Yup. That's what I did.
Mr. Moyers, you and your team are awesome! Please keep reporting the truth.
Mr. moyers lived in one of the wealthiest areas of nj. PBS must pay him good.
The middle class was a fluke, as Krugman, implied. We have let the politicians determine our fate and most of them are essentially idiots. Guam may tip over into the sea types. We get what we put in. You can be very comfortable in America if you get a decent education, good parenting and put in some work effort.
I love that Moyers used Adelson instead or soros as we head into the great reset.
He said moving toward oligarchy. That's laughable. it's ALREADY an oligarchy. it's BEEN an oligarchy for over a 100 years.
He is generalizing. It is much worse than that as we have now moved into a global Plutocracy era.
And now it's becoming an oligarchy with a dictator.
Well this video was put out in 2014, seven years ago.
@@ChildrensRightsFirst947 And what exactly do you feel has changed since then? Do you feel an overwhelming sense that things are better now somehow? And the comments you are replying to are over 11 months old.
The US has been classified as an Oligarchy since 1981. It's not simply a problem of inherited wealth, many 'self-made men' use government policies made by Oligarchic interests to unjustly attain their wealth.
Polycube they do indeed. It's a stacked deck that favors the wealthy in an ever growing fashion. This last "recession" perfect example while most of us suffered at least some loss of wealth, the top 1% saw gains in theirs, though the "recession" was their fault! They were rewarded for what amounted to criminal behaviour.
***** Meeting a few racists with racism isn't the answer.
***** You've become the same as the oppressors by using their inhumane reasoning and tactics. Racism is a mental condition that needs treating and the damage they do needs to be nullified lawfully. Punishment only conceals behaviors, it doesn't change minds.
What kind of society would you make then? One that is more democratic, or one where one race is dominated by others?
***** what an unmitigated load of hogwash. This thought process, or lack thereof, is a perfect example of the failure of public education...."whitey"....really? You would offer such stupidity and cliche' as actual rational thought? You are embarrasing.
When they say founding fathers I think of killers and the beneficiaries of killers who never once considered the precedence they were setting by keeping the lands murdering thieves stole from the previous inhabitants. Inhabitants who lived there for tens of thousands of years.
Every other empire that gained lands through killing and unjustly colonizing had all been dissolved. From the Roman Empire who colonized Britain and no longer ruled, to the Mongolians who also conquered through killing. Empires dissolved, completing a cycle of justice. The Europeans, on the other hand, merely changed their name to Americans and got away with the world’s most downplayed genocides. They erased the tens of thousands of years of history any survivors of the onslaught of those people are denied, forced even to call themselves native Americans, as if 300 years outweighs tens of thousands of years.
Well said bro..
And now indulges in foreign colonialism.
The American dream has become the American Nightmare
harry fare you look like a jack-o-pervert
They call it the American Dream because you have to be asleep to believe in it...
Well said.
It has always been a nightmare for Black people.
By design, unfortunately...
I DO miss this most informative program. It figures that (in the koch era) the only unfltered reputable news and commentary show PBS had would be shoved off the docket.
Been saying this for years, glad to see I am not alone in thinking inherited wealth is one of the biggest threat to humanities evolution. This is second only to those who survive on speculated income. Capitalism can only work if everyone starts off at the same starting point and any income is earned physically. We need to re-establish the link of money to commodity instead of allowing banks to dictate the value of currency.
If you like the book Capital, then see the consequences of this truth here: th-cam.com/video/GJkoLubRkkA/w-d-xo.html
So, we're not only headed for an unequal society but a utterly unjust one.
Taxing labor is supposed to be unconstitutional. The corporations, if they were somehow denied loopholes like tax shelters, would automatically represent redistribution IF the law re capital gains tax were upheld.
It still is unconstitutional. The powers that be just trick most to become employees.
Redistribution of wealth would be good.....for the corporations! If they only knew.
Truth,, enforcing Constitution law would help, like only Congress can coin money
¨...drifting towards oligarchy.¨..are you kidding? It´s been the norm for the past decades!!
If I had ten million bucks and fifty years I could be really rich. It is a no-brainer. Our tax system encourages it. It is hard not to get really rich if you have some money to invest and time to invest it.
OLIGARCHY? NOOOO TYRANNICAL ELITISM
Very true
@@jellyfishi_ The laboring class is the first to be enslaved. Of course, the captains of industry are also enslaved to the Golden Calf. The USA went through all this in early 20th century and no new thinking on the problems of the 99% since then. 1% has their knee on our necks and won't let up until we are dead.
Sometimes, like turkeys voting for Christmas, the 99% elect someone from the 1% to rule over them.
Speaking of Turkey, According to the Organization for Economic Cooperation and Development, Germans happily sort 65 percent of their waste into an array of color-coded bins to be collected for reuse or incineration. South Koreans come in second, recycling 59 percent of their refuse. The United States recycles 35 percent; that’s only slightly above the average for the developed countries that belong to the organization, but it is miles ahead of Turkey, where 99 percent of all trash ends up in a landfill.
Blind Freddy the 99% have actually been electing from the 1% pool for a very very long time now... not the wealthiest 1% though
Blind Freddy h
+Blind Freddy, I consider your observation inaccurate. Erdogan comes from a religious, backwards-oriented political direction, who promises essential to "drain the swamp" and "make Turkey great again".
In return he is treated by his followers as the messiah, who brings pride, greatness, independence, strength and (last not least) wealth back to the country.
This is the classical fascist narrative - an illuminated figure, a "saviour" arises at the horizon, unifies the people, and leads them to a golden age.
IMHO this is a tendency we can currently observe everywhere in the "western world" as a *reactionist* movement in reply to plutocratic tendencies that call themselves (neo-) liberal.
If this chauvinistic, authoritarian tendency goes unopposed, it will ultimately lead to desaster.
You mean like chickens voting for Col. Sanders.
Wealth tax=nightmare. Constant churn into hard assets with all sorts of chicanery at valueing those assets. If you don't believe me move to upstate NY, pay 20K/year in property tax and witness 'the good old boys' get special treatment from the assessors and laws that favor landlords who cut up grand old houses into apartments and paying half the rate of the same house next door occupied by one owner family.
"Sprach der König zum Priester: Halte du sie dumm, ich halte sie arm."
(Said the king to the priest: you keep them dumb, I keep them poor. )
This is the most concise and accurate comment IN THE ENTIRE LIST!!!
Oh God, & if (no pun there)...the world-population at 1/2 billion people conspiracy is true....it explains the no action! (May 2020).... Wait for nearly a year in terrible plague to change presidents....you don't want to upset things, do you?
Wolfsmidt von de eer.
This is why I am voting for Bernie Sanders; he is the only candidate who is not bought off by the 1% #Berni2016
+Adam Kelley What makes you say he's not bought by the 1%?
+oterj0 I think it might have something to do with the fact that he's not accepting money from PACs....
+oterj0 I think it might have something to do with the fact that he's not accepting money from PACs....
Bernie is a communist. If you support him, then you are a traitor to America, and you should be deported to North Korea.
+callofduty102903 Do you suppose this comment will endear your POV to any readers? Because Sanders is a communist, he has terrible ideas. If you'd stick to that, you'd be better servved.
Wonderful insight, as always. I wish the will was there to do something about it before it gets completely out of control; indeed, it may already be too late.
I agree...!!!
One thing I learned about the 1%, after unclogging their sewer lines in Jackson , WY, for 11 years, is that having lots of money doesn’t mean they have lots of intelligence.
Increase tax for the top 1%, I'm a Nurse and I pay $20,000 tax per year! Some earn billions and pay a percentage a tiny bit higher! They earn billions due to their birth right! Genetic lottery and we all suffer!
Alicia, sounds like you are jealous, I really don't care what other people make, that is a losers game! Was Bill Gates born into money, was Steve Jobs born into money, Was Bill Clinton born into money,was Warren Buffet born rich? The 1% does not remain the same year after year! What we need is more people to make more money so that they can contribute! The problem is we have too many takers and not enough givers!
Bill Gates was born rich... the Clinton foundation... thats a mess, check out how much money the Clintons take out of that... but I do agree we need less gov. regulation to stimulate our economy. The free market understands supply and demand, progression and efficiency better than any gov. can
Let's put it this way, Bill Gates family was not worth a billion dollars!
flat tax is solution
Remove all Taxes make the government become a true corporation and earn money with products and services but they must supply and cannot use the system to force people into the slavery of debt based economy. Shrink the governments power over the citizen. Inflate the citizens power over the government the way our sovereign citizen forefathers wanted it.
This video needs more views so people wake up, and can start to at least build they’re own assets and produce the income that only the 1% have enjoyed exclusively. It’s sad. We not even on the playing field
"You're never gonna meet these people,you're never gonna have any sense of what it is that they controle"
You are never!
Well, here's a start. They're controlling your body...right now.
facebook.com/watch/live/?v=399791481396988&ref=watch_permalink
They live behind the curtain.
Now its 2023 and this is still so deep. When will it get better if we all see it?!?! Its just getting to be a slap in the face at this point.
I accidentally came across this invaluable gem of a video
We've been in an oligarchy for decades! You guys are way behind the times.
This video is 4 years old you ass fart
How about since Roman times?
@@rickknight3823 saying things like since "Roman times" makes them think we're "stupid enough to deserve it". It restarted in 1979 the last time was the builder age s d only anti-trust laws stopped it.
@@apove1814 fair point squire.
These things tend to occur in cycles it seems.
Will we get ourselves together to face off any further encroachment of our liberties I wonder..
Gold backed dollar switch in 79 heralded this current era of debt enslavement.
Are you an advocate of Bitcoin at all?
We've been trapped by an oligarchy for millennia.
I hope everyone watching is sharing this with EVERYONE that they know
Most people who have half a brain know EXACTLY what’s happening. The problem in the US is that there are very few people with half a brain, and are EASILY herded, and sheared repeatedly AND without push back. Just look at Faith healers and how successful they are. The vast majority are easily scared and will turn to the very people that are scaring them for direction.
Which is why our Constitution gave little elective power to the masses.
The title should be "What the 1% doesn't care if you know"
1% is one out of every 100 people. The problem here is with the top 0.01%.
@@ElectricityTaster Very TRUE.you only need a salary of 25k or higher to be in the worlds top 1%. the 1% demand for the 0.001%'s products is the root of the problem.
yes
They want you asleep they hate woke .
At it's root, convenience is the real driving force behind inequality. You live in a nice home, clothing on your back, in safety and comfort with food in your stomach and entertainment just a tap away. Whole industries provide you with that comfort, industries that you probably have never even thought of. And by wanting that life of ease, we make the owners of those industries wealthy beyond measure.
Woah that’s a good point
CONVENIENCE stores tend to " RING a Bell."
GIVE A PERSON WHAT THEY CANNOT GET ELSE WHERE & THEY WILL KEEP COMING BACK.
If you like the book Capital, then see the consequences of this truth here: th-cam.com/video/GJkoLubRkkA/w-d-xo.html
We are so incredibly lazy that we will pay $2.00 for a candy bar to keep from standing in line! Egregious on its face!
You must be one of the top .1% Are you implying that living in a hut without modern conveniences and perhaps naked will resolve inequality, lol 😂😂😂😂😂😂 No one is that stupid
I recently read the book. I recommend it to understand economic realities. I don't recommend hoping our way to a more equal and just society. A world wide progressive tax on capital income is as likely as power willingly giving up its power for a greater good.
If you like the book Capital, then see the consequences of this truth here: th-cam.com/video/GJkoLubRkkA/w-d-xo.html
Just started watching it now. Straight after the shitty election and the war in Gaza in Genocide mode. Depressing
So glad we have Bill Moyers in our lives. His interviews are so informative & educational. Love the interview with Paul Krugman of the NYT. He is my favorite journalist in the world. Why? Truth, facts, hope, informative always, with a twist & suspense to get people thinking & talking. He should be interviewed on every daytime & nighttime TV shows so more people can share his opinions, thoughts, where we are as a society & what needs to be done to improve the lives of people in our society. Could never start my day off without reading his opinion or thought of the day. Provoking ? Yes, but in a good way.
It's all great mr. Krugman and I am an admirer of your work which was part of my own education as an economist in Copenhagen. The sad fact though is that even traditionally egalitarian societies like the Scandinavians are all aspiring to be more like the US. Particularly when it comes to "redistribution" through inheritance tax. They will succeed in achieving this precisely because the populations in these countries are not homogeneous any longer. This justifies the scale back of redistribution, according to current political trends.
If you like the book Capital, then see the consequences of this truth here: th-cam.com/video/GJkoLubRkkA/w-d-xo.html
"There is a level of harshness in our debate" - 2014.
"Hi there!" - 2020.
Great job. Keep the truth alive for humanity and the planet and to wake up humanity. 💟 👍 👍