The Next Economy and America's Future with Robert Reich
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- čas přidán 30. 03. 2011
- Robert Reich has served in four national administrations including those of Presidents Ford, Carter, Clinton, and Obama. He addresses why income and wealth have become so concentrated at the top --more concentrated than at any time since 1928 - and the consequences of such concentration, both for the economy and for politics. Then addresses what, if anything, can or should be done about it. Series: "UC Berkeley Graduate Council Lectures" [4/2011] [Public Affairs] [Show ID: 21029]
This is the best explanation of the financial problems we have in our country.
Skip the long introductions and start at 4:40 in.
Well said.
Excellent Vid. Really clever guy. What he says is so obvious. People can't spend what they haven't got.
You identified great talking points back then that probably helped create the current political atmosphere today. However, the talking points from today are even more egregious than that. Foster Friess says that the rich shouldn't pay any taxes at all, and he's not the only multi-millionaire who is saying this. This is how scary the conversation has become in recent years because the extremely wealthy have benefited that much under the last five administrations.
The United States has monumental overhauling that needs to be done. Good Luck and God Bless.
Well, I couldn't agree more...
I drive a jeep rubicon, spent a lot of nights at home while others went out partying. I work hard for what I have, which isnt much. I'm part of the 99% and proud of who I am. god bless the rich.
Conditions on the bailouts. Banning largesse, top-down cuts, lay-off freezes, or you get nothing! I argued for that from the start!
this man is my hero i wish i lived out west.
"Go west young man...go west!"
Horace Greely
In “Occupying Chairlifts” a simple rule tweak on inheritance ends up changing the direction and purpose of modern human life! Here’s a fair way to transition forward to where we’re rewarded for cooperating and creating instead of competing and conquering.
It's something specific we can demand. If this isnt the best answer, at least we’re thinking about what might be. Are we really just this close to having it work right?
Oh yeah, it's a Ski movie! “Occupying Chairlifts” on CZcams!
Deep inside I don't want it that bad.
I have the outmost respect for those individuals who protested in several cities across the nation, however my respect would have been much greater had a proactive plan been put in place.
Obama coined the phrase " Change", I think it's time for our president to take this to the next level and deliver this change. In occasion Obama said " "Change in America doesn't start from the top down. It starts from the bottom up." I agree and believe it is time for us to start this change.
Insightful. History's foundation stones from 1929 systemically overlooked in 2008. President Obama got a little but, for such a bright guy, not much beyond disaster control for the relatively short term. Reich offers a historically profound perspective on long term political economic challenges, framed as originally understood by the profession addressed to anyone whose ears are actually open, and THEN CONnected with their gray matter to the need for at once an informed and fresh reconsideration of contemporary public policy and public affairs...
Consumer income drives the economy, not supply and demand. The one thing that Adam Smith and his disciples couldn’t understand.
Never understood the point of these introductions. People in the audience wouldn't be there in the first place if they didn't have rough ideas about the speaker and here on CZcams, we've got Google.
Anyway, Robert Reich is on at 4:40.
economics just oscilates between greed and envy. this guy is working the envy side of the equation.
Other than his segmented views on historical data which are completely biased towards the exponential expansion of government, the flawed focus on government funded school systems show that he is indeed a dying breed. Thankfully.
Need me to be leader ... I will be.
It's already happening.
I did not ever know my grandfather, but I can tell you that he HATED FDR.
I'm paying off my debt I'm not buying shit.
Watching this again in 2020, and everything he warned has become true.
Only those who depend on other people for there survival.
PROCTER & GAMBLE I KNOW YOU MISS ME
I for see college grads with degrees on welfare.
Not me...I was just someone with free speech...
@stadsfrikkie Amen, Brother. Let's mobilize behind the 99%ers and take America back from the 1% in the wealth class.
I don't want it ...that bad... to say that shit.
We need a constitutional amendment that properly rids money from politics. There are two ways to do this: 1) Two thirds of the house and senate passes a bill that creates this constitutional amendment. Our house and senate will NOT do this. They are absolutely all bought. Option 2) Two thirds of the states hold an article V convention where they agree on a new constitutional amendment. This is much easier than you realize. Google search Wolf PAC for one approach.
"much easier than you realize."
Can you spell the word "lobbyist"?
I don't think so.
You need a reality check.
maybe they will replace it with something that is backed by something, say gold, silver or a basket of currencies? Maybe we will have a one world currency, or a chip in our hands? I hope not though
Im suprised. Reich talks in the first minutes about the businnes cycle...and using the "austrian" model. He becomes interesting
look at this video:
watch?v=fUlyHTQ4Q7E
Great forecaster
4 rich bastards watched this
46 low income earners watched this
2356 middle income earners watched this
150,000,000 Americans have not yet watched this and should....
I said nothing about ignorance, but only that we should "encourage" poor people to take get a job, because that why their poor. If they don't love their kids enough to seek gainful employment, they should not reproduce only to have their offspring grow up blaming others for their lack of opportunity. Now I go to work every day pay taxes and contribute to society. So check.
Words of the Messiah:
Whoever wants to be my disciple must deny themselves and take up their cross and follow me. .. What good is it for someone to gain the whole world, yet forfeit their soul? Or what can anyone give in exchange for their soul? If anyone is ashamed of me and my words in this adulterous and sinful generation, the Son of Man will be ashamed of them when he comes in his Father’s glory with the holy angels.”
Jesus said it 1900 years before Weinstock!
I dont get it, why would we want to keep interest rates low? That causes the US Treasury to increase the debt. So this guy wants to sell our future so there is more capital in the system now. Just like everyone else, kick the can down the road. Deficits do matter. More debt equates to more taxes allocated to debt, which means less taxes allocated to bridges, roads, other stuff that some people argue we need.
Doesn't matter anyway. The Fed won't raise the federal funds rate because if they do, it'll expose the US Government's real situation: It's completely broke. It'll bring about the deep recession we sorely need to correct all of our problems. But, that won't happen because the central bankers want to maintain the status quo. So, they'll continue QE until the dollar crashes. And then, it'll be even worse.
Ian Brown Indeed.
Ian Brown You are 100% right. But, the liberals want more and more taxation, which only lets the government increase quantitive easing. they are so mislead.
***** Im no scientist but I would say the debt would increase. Maybe if the rate was higher, people would borrow less?
***** all righty then.
No more scape goating. Except russia russia russia
Start by encouraging poor people to get a job and keep there legs closed.
And when all you Guys realize your really female we can move even further.
lol you are playing off of blind extreme and you yourself have an extreme false perception of poor people. Have you talked with poor people on the streets of San Diego. They love it. No taxes, no bills, no worries about money. They can make it far easier by holding out a sign. But on the other hand there are legitimate poor people. They do need help but they should be helped by neighbors family and friends first before government to ensure that people do not take advantage of our government.