What the 1% Don't Want You to Know
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- čas přidán 17. 04. 2014
- Economist Paul Krugman explains how the United States is becoming an oligarchy - the very system our founders revolted against.
Visit the Bill Moyers site to see more features related to this show:
billmoyers.com/episode/what-th...
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.
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 $250k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@@TomD226 Impressive can you share more info?
@lowcostfresh2266 There are many financial coaches who excel in their profession, but for the time being, I employ Laurel Dell Sroufe because I adore her methods. You can make research and find out more.
@@TomD226 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
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 CZcamsrs, 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 '’Colleen Rose Mccaffery’’ 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 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 😅
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.
" 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 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.)
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.
Not red vs blue, 1% vs you.
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
czcams.com/video/vW-ImCVDsWk/video.html
USA stunted political party system (lack of real choice: czcams.com/video/ULYWIDcUOY4/video.html
"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
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 CZcams? please how do I reach her
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☹🤯😟
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: czcams.com/video/GJkoLubRkkA/video.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.
🌬🕊💗
What did you do instead? In order to get clients like that you had to have been talented.
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 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: czcams.com/video/GJkoLubRkkA/video.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"?
"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 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.
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.
@@gabesmokeymartatom 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!!
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: czcams.com/video/GJkoLubRkkA/video.html
we passed !? It wasn't we, it was that knucklehead Trump.
"Wealth is so concentrated that a large segment of society is virtually unaware of its existence "
- THOMAS PIKKETY (CAPITAL)
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.
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 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.
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: czcams.com/video/GJkoLubRkkA/video.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 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.
Bill Moyers has always had my respect.
hes rich!Hes one of the one percent!
I accidentally came across this invaluable gem of a video
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.
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%.
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.
So, we're not only headed for an unequal society but a utterly unjust one.
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.
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.
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: czcams.com/video/GJkoLubRkkA/video.html
All power comes out of the barrel of a rifle.😊
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
IVE SEEN THE FUTURE I CAN'T AFFORD IT.
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?
Makes ever more sense than it did years ago when first seen. Surprising!
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 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...
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
"It is easier for a camel to go through the eye of a needle than it is for a rich man to enter the Kingdom of Heaven." messiahjesusbible.com God has kept His promise to reveal all things that can be known in the Book that will never decay. “To everything there is a season…” czcams.com/video/YUM21B1pexc/video.html
You have the Nazi attitude toward Jews.
Is failure and suffering and sacrifice your moral ideals?
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.
Damn I’m watching this in Dec. 2020 very relevant discussion with the $5 trillion dollar give away to big business and the rich.
And foreign nations who hate us. Hell, China is still listed as a developing country.
@@mzmiller52 And China is still developing (at a rapid rate), which is more than can be said for the USA.
Letting people keep their own money is not give away.
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: czcams.com/video/GJkoLubRkkA/video.html
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.
What is missing from this interview is a sense of reality we are seeing recently on NBC. The median income in the USA is at what would normally be considered a living local commute. This means half of the country is working for less than 4 times the rent for one bedroom apartment local commute. Shared housing what used to be considered homeless is now normal and homeless population does not exist. 12 trillion dollars of stimulus into the economy did not drop a dime on the streets of homeless people.
Thank You for your honest insight and ongoing fight for a more fair world ! You are real humans, the rich ppl who don´t realize that it´s the last moment for them to change are not...and therefore.... I wish all humans who fight with arguements like Paul Krugman and Tome Piketty (although i still have to read the book to be honest) all the best But you all know we will win as there will be no future worth living in if we don´t.
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)...?
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.
This is 9 years old TV talk show from Krugman which is so exact! All thing he said that day become reall not just in US but in all over the word!
"...drifting toward oligarchy?" We've been there for decades!!!
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.
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.
A discussion of facts, hope and harsh reality. Amazing that things could be better for everyone. Or the majority of people could remain as lowly pawns only complaining and not taking action. There is blatant, deliberate and powerful misinformation in the current time that confuses people into inaction or even worse, actions against their own best interests.
I think the fiction that we are in control of our lives is more important than we like to think. So much of who you are, who you will become, what you will be, is determined by who you are born to, who you associate with, where you grew up. There is a reason Alexander the Great got Aristotle as his personal tutor and you got a cranky, unmotivated teacher (I have seen situations where someone who didn't understand the quadratic equation was teaching HS physics). There is some room for autonomy, some room for entrepreneurial outliers, but as they say within the first 5 minutes - "patrimonial capitalism." Well we have always been patrimonial in all ways throughout human history, always multi-generational in how things turn out. It is just so hard to see because you only live one life! Nepotism and the benefits of your family, which were inherited from the benefits of your grand-family, etc., tracing as far back as you like, are going to determine many things about who you are and what you are going to be able to accomplish.
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: czcams.com/video/GJkoLubRkkA/video.html
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
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..
Once you have all the mansions and yachts and luxury cars that money can buy, what's left? Power. These people become dangerously powerful and democracy suffers.
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" czcams.com/video/RST-Rkmx_F0/video.html
CHANGE WILL COME WHEN THE RICH REALIZE NO ONE IS WORTH A BILLION DOLLARS.
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.
10:00 The biggest issue that causes inequality is the collapsing (fiat) money. I was too young to really notice inflation in the 70 and 80's. My grandfather got a house for $3,000 as a wedding present in 1933. I live 3 blocks down on the same street, and rent half a house, a duplex, for over $2,000 per month.
Great job. Keep the truth alive for humanity and the planet and to wake up humanity. 💟 👍 👍
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'?
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.
What you have is the 8th wonder of the world
Albert Einstein reportedly said it. “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn't, pays it.
Or in this case he who understands it, earns it, keeps it, and avoids paying tax on it.
Thank you for another informative video.
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!!!
Turning the USA into "One Big Plantation," Inc.
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.
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.
The 1% starts out at a net worth of about $10 Million. Most people at that level or above can - with use of brain power - prevent being wiped out.
@@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.
I wish Mr. Moyers was on TV today.We need a man of reason today.
I swear I don't begrudge someone for being wealthy but it amazes me that someone worth 4 billion will commit massive fraud and basically do anything to not pay their fair share to be worth 4.5 billion.
“Fair share”, who decides?
@@waywardgeologist2520 Eliminate the loopholes only the rich get to use and who want to keep as much of their wealth to keep themselves in private jets and super yachts. NOBODY above $100,000/yr should pay less than 15%. That's being an AWFUL citizen! You don't belong in this country if you don't want to give back to a place that treated you well.
"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.
"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!
While in even challenging fiscal circumstances it's imperative to rebuild the middle class that has been gutted by the oligarchical influence of the past few decades, we're facing an existential threat. Mother nature won't wait for politics and punditry to MAYBE get their acts together. Ironically, there are millions upon millions of jobs/industries/even profits to be made by eradicating pollution + protecting/restoring/expanding flora & fauna. If we don't as a global community take this on with exceptional alacrity, future generations, hell, this generation, will suffer immensely. If we don't put healing nature first, building a paradigm that ensures her health and therefore ours, before every other consideration, we can kiss everything else goodbye.
In way of being optimistic, Krugman remarked that the progressive tax was instituted during the heighth of America's Golden Age, the early 20th century. But that was when the first-generation wealth was being formed by the robber barons and tycoons. Now, based on what he says, that first and second-gen wealth is being passed on, through inheritance, to their heirs. Which is not encouraging to me: I find it strangely true that those who are the least responsible for the wealth they have feel the most entitled to it.
And during the 19th century there was constant deflation and peoples living standards were improving. They also didn’t have the government taking half what they earn.
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.
¨...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.
Thank you all involved.
Even the right have got to understand what will happen if this continues. Inequality destroys societies.
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?
"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: czcams.com/video/GJkoLubRkkA/video.html
@@JohnSmith-su3ze have you contributed to tRump's presidential run?? Buy those tRump NFT's??
Thank you Bill Moyers. I wonder in 2023, would public TV allow Bill Moyers show to be broadcast?
A decade later, and the situation is only worse.
"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.
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.
We are seeing not only great disparities in income and wealth, we are seeing them being entrenched: we are seeing them inequalities that are being transferred across generations. We are becoming the kind of society we imagined we are nothing like.." @ 4:54
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...
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.
They do not discuss 1 very important observation from the book, that is that all major wars and civil uprising are preceded by high wealth gaps. We are now at an all time high.
Good thing these "experts" are finally seeing what has been blatantly obvious to us poor people since we've been alive.
Good job...
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.
I love and respect Bill Moyers. What a contribution he has made to journalism.
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.
There are important additions to the argument made for the Capital, and inherited wealth ideas.
We hear rumors of inventors who have disappeared. It happens in cases of how there is an existing technology. Then an upstart comes along that can eclipse the existing tech.
Suddenly either the inventor disappears or the rights to the accrued patents are sold. Then the inventor never works again in the area where he had special and rare knowledge.
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 .
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: czcams.com/video/GJkoLubRkkA/video.html
So insightful. Thank you
Just over 9 years later .. most of what was said here has come to pass.. tragic
"There is a level of harshness in our debate" - 2014.
"Hi there!" - 2020.