1. A prophetic interview with Sir James Goldsmith in 1994 Pt1

[bongoloid77]

Goldsmith was one of the factors in the demise of industry in the UK and USA... Funny How a Bunch of Mayfair wanks set the bomb for Globalization

[28CarsLater]

Truth is stranger than fiction... as Kodak prepares to file for bankruptcy look who was on the board of directors which led to its demise:

Three members of Kodak's board of directors have resigned in the past two weeks. The latest was economist Laura Tyson, a member of the Clinton Administration and a former dean of the Walter A. Haas School of Business at the University of California, Berkeley.

I'm sure Goldsmith is laughing right now...

[MrFooknuts]

I remember hoe fiercely the left wing bbc painte people like Goldsmith as fringe lunatics, they were absolutely correct, and for keeping us out of the Euro someone should build a statue of this man.

[edarotag84]

Charlie Rose and Lara tyson, what a bunch of clowns

[BigDaddydigsdp]

Charlie Rose is one condescending jerk

[zoombagmail]

Why does Goldsmith hate Asians?

The Western worlds poor gets poorer, while the Eastern worlds poor get richer.

[dink65]

It wasn't so much as a "warning" as it was the blueprint used by the Elites to execute the plan he laid out here.

[hellyeeeeah]

exhibit C

[gavpac911]

jay electronica sent me here

[Argyrakis]

the first second was the best in the whole thing

[Drhughjanis]

Thanks Jay E

[MrCommenterguy]

@Drhughjanis LOL the anticipation for his album is fucking killing me!

[SkaffBear]

please never remove this video

[fx489158]

'the very essence of the economic THEORY".... is in fact rubbish. Comparative Advantage is a THEORY and it was proved wrong mathematically by Sraffa and proved wrong in practice by Robinson. So it was wrong in theory and in fact. Free Trade may in THEORY prove that international trade is a positive sum solution but in FACT it does not. Unfortunately the text books are just propaganda for the globalist agenda.

[misterduchmolle]

Sir James Goldsmith forgets about the very essence of the economic theory, which is surprising regarding his education, and that essence is that international trade is a positive sum solution. It is not by opening our borders and allowing international investments and trade that we have lost growth. Sir James does not take into account the simplest economic facts that are written in the books you use in first year of economic studies... All hail Pr. Paul Krugman for showing it to the world !

[sunsande]

@misterduchmolle and what you forget is that the international trade in sense of removing the import taxes is in fact selling the society values to the benefit of couple of corporations.

The higher producing price in the "west world" includes the labor rights to have social, medical benefits. 8 h. working day. Securtity. It includes also the absense of children labor, etc.

Removing the import taxes you give away these values to the small number of the big corp. players and leave the rest suffer!

[vantagepointmoon]

@sunsande I think he was ironic, I mean misterduchmolle, not Goldsmith. Because if one recalls higher standards of living and societal security in Western society, one should also recall that in fact the entire 'free trade' equation is set upon enormous defense spending that protects trade routes across the world from unwarranted attention. In other words, 'free trade' across the Pacific is unworkable without attention of the mighty US navy, thus not 'free' in nature by definition.

[sunsande]

@vantagepointmoon well if he was ironic, sorry! I thought he was serious.

I would doubt if the spendings for the mighty US navy is what makes the "free trade" unprofitable for the US non-corporate citizens, but maybe it is a part of the problem along with the other continuing wars ...

IMO keeping respect to the values is what makes a society prosperous.

When one agrees on buying goods which prices do not include these values - he sets his way down.

So here is where we are-on the way down ...

[tilestyles]

Thanks for sharing this. You have at least one more thumbs up.

[allclassics]

Cheap overseas labor today, Robots tomorrow

[majik2hanz]

@allclassics

Already in process - check out the growth of "Dark Factories" , ABB's FRIDA robot and Obama's advanced manufacturing initiative - the net result will be less human labor needed.

[161rewind]

I voted for his referendum party back in 1997 , no way was I going near Labour. So pleased now, the guy was spot on

[wellmane]

This guy is a genuis and you people that vote against this idioilgy are killing america. Go Dr. Ron Paul!!!!

[JonBernard41]

@wellmane Ron Paul is a shill, just as the others.

No one is your savior - NO ONE! Save yourself through research, attention to policies (of every kind) and demand action.

Stop praying to Mr Paul.

[DavidAKZ]

Ayn Rand eat your heart out.

[sweatybabyjesus]

It's hilarious people are calling this man a legend and "brilliant" whilst presumably having absolutely no idea who he is...He was an absoute shyster who destroyed British industry and stripped numerous companies to make himself money. He was the greediest of the fucking lot.He only decided it was wrong when he was muscled out of the game in his later years and suddenly decided that "oh, you know what, they're all bastards" for completely selfish motives...Bullshiting hypocrite is what he is.

[Amir883]

@sweatybabyjesus Doesn't mean what he said in this interview is wrong. In fact - if all people take from this interview are what he said, and not what he's done, hypocrite or not - good.

[sweatybabyjesus]

@Amir883 I agree. If all people take is the message then that's fine. But Goldsmith himself was a supremely narcissist who grandstanded on a number of issues - eloquently too (he's a very good orator) - and always for his own benefit. At one time even he even argued vulgarity and excess were noble. The problem is he doesn't accept any culpability here, this isn't a case of making up for past wrongs, this is all about blaming others & him being in the right. People calling him a legend is silly.

[Amir883]

@sweatybabyjesus I certainly don't consider him a legend. Frankly, I don't even like that word. Rarely are people actually legends. And even when they are it's usually based on exaggerated claims. But what he said in this interview was remarkable. And if I have to overlook or downplay his personal past or hypocrisies so people don't use it as a means to denigrate the message in this particular interview, then so be it. Legend or not - he was right.

[twinspeedr]

You don't have to like the person if they are telling you something of value. This interview would never happen today because the "Social Justice" world elite now control the message. Globalist elites not only don't care about the unemployment they create, they relish the fact that they have taken from the "Haves" and given to the "Have-nots". We now see the result; the global economy is teetering. Their ignorance will end up hurting the very people that their plans were trying to help the most.

[1815brian]

Oh, don't be so ridiculous. Sir James Goldsmith developing a real conscience? How absurd. Watch Wall St II. Although in the original, the British financier was based on him, played by Terrance Stamp, Gordon Gekko in the new film lectures a new young audience about how everything has gone wrong in banking and on Wall Street. And he, ie Goldsmith - because Gekko's probably a composite anyway - would know, because he bloody well started it all. Lack of compliance, due diligence, ethics...

[1815brian]

Don't be a sucker. This maniacal billionaire makes Gordon Gekko look like a wuss. Corporate raiding, asset stripping, sending hundreds of thousands across the globe into poverty and all of a sudden he develops a conscience towards the end of his life, saying this sort of thing shouldn't be happening. He and Jim Slater all but destroyed British manufacturing industry, even before Thatcher came to power, and exploited all but every undeveloped country you can name to enrich themselves.

[MrGnarus]

@1815brian What you say about this man may be true but it does not negate the fact that he developed a conscious and spoke the truth.

[truthandluv]

There are rumors saying the he's Princess Diana's real father because of the strong resemblance between his daughter, Jemima Goldsmith Khan, and Princess Diana. Very interesting.

[wetlazer]

*Gut companies

*Fire lot's of people

*Artificially inflate the value

*Put that falsely inflated value in your pocket

*Leave the sacked folks to fend for themselves

SCUMBAG!

[abhishekkr7]

I like his attitude and the confidence he has in the seemingly simplistic view that he holds. Needless to say, he was right

[Mavrilon]

Sir James Goldsmith was a prophet! It's a shame people didn't listen to him in 1994!

[hilby]

What I don't understand is why this seemed so unbelievable back then? It's common economic theory... did they think that corporate head honchos were major feel-good union sympathizers?

[MaxNuclear]

To the point. The mantra I hear all the time silently or just straight out: "Be thankful you have a job".....(but a very few of us are running the show, like what you get).

[evilpig247]

Nobody is smirking at his predictions now, are they.

[klugyboy]

@evilpig247 I was pretty shocked at how incredulous Charlie Rose was.

[klugyboy]

So capital gets to go wherever the labor costs are lowest but labor is restricted and cannot pursue the highest labor costs

Sweet

[atombat]

The people behind all these free trade ideas must find that this is the best way for them to have total control over the masses. When rich nations in the West have to settle for lower wages because, they see those in the east accepting lower wages as the enemy, when the real culprits are the controllers of the banks/companies, their plan seems to be divide and conquer. Can these few companies at the top use our money to support our services/infrastructure than us? this banking crisis proves NO.

[SkaffBear]

this man proves that the outcome of globalization was easily predictable. Who thinks that people that pushed globalization are fool but not evil must get a reality check.

[Renegen1]

I can't watch this, he is so right....

That said, it's weird HIM saying this since he was born rich and spent his life for the pursuit of even more money.

[klugyboy]

@Renegen1 He probably understands that in the long run one can make more money with a stable and prosperous society.

[UnderseaCaveman]

Free Trade is only responsible (for a society) with societies of equalivant value sharing... wow, Great Point (puts Adam Smith right back into the forefront too).

[Freshhhhh1982]

Complete scumbag. Hope he died screaming.

[mrzack888]

sustainable employment is more important than GDP growth based on profit from outsourced slave labor.

[d0gM3at]

The most disturbing part of this series of videos is that Laura Tyson (Clinton's economic advisor at the time who was there to debate in favor of GATT and NAFTA) was part of Obama's economic advisory team.

[trublu97]

@d0gM3at The real planners and controllers stay the same from one administration to another. The voting and changing of presidents serve only to make the simpletons think they control things or a voice in government. They don't. They have no choice.

Most of these jokers cycle back and forth from private investment firms to government.

[majik2hanz]

I recall an exercise we did in MBA program on NAFTA The exercise looked at all the impacted constituents and then rated its likely ability to pass. It was very telling in exposing how the political process is a Pseudo democracy as Goldsmith says in part 5 or 6. NAFTA passed even though it didn't benefit the majority of constituents. These major policy decisions are driven by the global plantation overlords in corporate / political / legal arena and their elitist mass media lapdogs.

[DavidAKZ]

@majik2hanz What is your view of the impact of the Credit Derivatives market on a globalised economy ?

[majik2hanz]

@DavidAKZ

It's a toxic financial mechanism created by the "house" in the great financial casino for higher stakes gambling. Globally it is creating currency wars as each country tries to lessen the impact of holding the bad debt. CD's are the last grasp to grow the usurious financial Ponzi scheme. The decoupling of measures such as Glass Steagall, Sherman Antitrust have led to a global meltdown that will recalibrate finance / currencies to hard assets commodities.

[hablerz]

Hmm, this guy was trying to get Britain a referendum on the EU - he died shortly afterwards.

[Babyboomer92]

Goldsmith was right. We are living his words now as we speak. This is why the current trend of globalization will assist to further ruin our economy.

[FlamingTide]

Well, he was wrong. We're still here as far as we can see and not doing too badly if you have a look at recent history.

And before anyone starts- Yes, I'm sure the international banking meltdown originating in the US because of an out of control housing market was entirely the fault of loose trade with China and India orrrrrrrr not

[DavidAKZ]

@FlamingTide What are you trying to say then ?

[louiethegreater]

Greensmith was right about NAFTA, it was a total failure, ten years after NAFTA, 5 million more americans went into poverty. The reason most amerians are uninformed is because of journalist like Rose, you can tell he is a dedicated globalist. Actually he would not have a job if he weren't.

[louiethegreater]

Greensmith was right about NAFTA, it was a total failure, ten years after NAFTA, 5 million more americans went into poverty.

[qncsc]

Want to know why CEO pay and executive pay has raced ahead of employees in many multiples of what it historically was -- well, here it is guys. He outlines exactly the cause -- shattering the way value-added is shared between labor and capital. Don't wait for the MEDIA to report on that as they are shills for the largest corporations -- because they are ALL owned by the largest corporations.

[qncsc]

"I'm not for the destruction of one's society." - that line should be understood, analyzed, assessed...to get meaning behind why developing world's are in such turmoil. It wasn't the housing bubble. The housing bubble was a symptom of an economy dying and trying to maintain order, looking for sustainability. As Goldsmith states, a lot of effort and history went into developing an "equilibrium" between labor and capital. [Where are the academics on this problem - useless they are!]

[DavidAKZ]

@qncsc a lot of effort and history went into developing an "equilibrium" between labor and capital. - That was before the advent of the Information Economy and the financialisation of other aspects of the economy. See Solow's paradox - The advent of networked computer technology is all pervasive in the economy except in the national accounts

[qncsc]

@DavidAKZ - thanks for the note. technology is another massive factor in labor disruption. when tech was mechanical, it complemented our analog world; as it re-routes into a digital economy, it produces a surfeit of labor-supply. add digital technology and global wage-arbitrage, upon high-cost societal structures and we have a recipe for disaster. (not to mention disrupts of speculation, financialization). next up: AI / AGI, when we all lose our jobs!

[DavidAKZ]

@qncsc Thanks for replying. Yes look at the hitherto mechanical functionality that has been realised in software. I think soon if you don't have a job where you are on a learning curve - you won't have a job. You need a cross discipline PHd to keep up these days eg, Biology and Computing = Bioinformatics. Geography and Computing = Geographic Information Systems. What is AGI thinks ?

[majik2hanz]

@DavidAKZ

Agreed. A look at education costs illustrates a new debt slavery system. The two jobs I worked to pay my way through undergrad pay in real terms now pay less, while the education costs have gone up exponentially. Dual degree programs will be the standard for professionals. Learning curves will be required to maintain employability.

[DavidAKZ]

@majik2hanz Sound like you would do well in the BRICMA sovereign states = Brazil, Russia, India, China, Mexico, Australia.

[majik2hanz]

@DavidAKZ

They may end up being a better place in the long run, sovereignty is the key. Interesting blurb I saw from Brazilian President elect Dilma Rousseff addressing the currency wars recently caught my attention. "The last time there was a series of competitive devaluation it ended in World War 2".

[DavidAKZ]

@majik2hanz Precisely why Lula II has implement barriers (tax) on speculative capital flows flooding into the country driving up export industries at the expense of the local economy. Thailand has also recently done this. tinyurl . com / 2blpeqz

[majik2hanz]

@qncsc

I agree. The technology factor on the economy has created the tipping point whereby gains in efficiency and output have no correlation to labor / employment. Clifford Douglas' concept of Social Credit may be a solution. The benefits of technological innovation and efficiency cannot be allowed to only accrue to shareholders and those employed, otherwise we will have a massive underclass and the recipe is set for disaster. A NWO with elitists who do not care about fellow man.

[UnderseaCaveman]

@majik2hanz ---great string of commentary... I would like to add the problem of "Food Production Revolution" against "Finite Resources" there is a cap on Solar Energy, the sun will do its own thing, and we can not advance beyond that.....the ancient sunlight is borrowed and burned up soon.... then we will have a major Population Overburden (see Logistics Equation in Predator/Prey modeling...).

On this theme, JG hits a home-run (though barely perceived).

[qncsc]

The MOST idiotic idea "huge buying power" - that we are going to sell to the Chinese. (1) At the beginning of this they had no money to buy, (2) and now that they have amassed their fortunes - why - why would they buy from the US? The whole idea was so idiotic, so stupid, so braindead, so f****!!!!!

[qncsc]

AWESOME! He is awesome...and sarcastically, it is just awesome that there was a voice of reason available to us (US) and we could not hear, we could not heed. Alas, we suffer now...and soon the horrors of or folly will be made fully manifest as our wages descend and developing countries wages ascend until parity!

[Rentaghost76]

Hey America and England, how's that globalisation and free trade working out for ya? Enjoying the offshoring of middle class jobs as we race to the bottom?

Better get that shoe shine kit with instructions on how to say please and thank you in Mandarin and Hindustani.

[hablerz]

@Rentaghost76 I don't have time to answer you i'm too busy sorting through this mercury filled pile of rubbish a Chinese guy sent me.

[Jai666666666]

I had some comments back in 1988-89..., I would put a t-shirt with an eagle fucking a beaver during the free-trade talks, but after 20 years..., I want to have the exact number of people that will die from heat waves this years..., the exact number of people that will die from catastrophies, Haiti included, this year. It's 2010, and real shit is about to hit the fan. Buy a year's worth of food, it's going to sky rocket, then run out.

[Theladiesman04]

Charlie Rose is a shil to the corporations

[edarotag84]

I hope Charlie rose and lara tyson realize what idiots they are not to believe this great man!

[WatchingEngland]

R.iP Sir james Goldsmith your a legend and we britons miss you

[hablerz]

@WatchingEngland Sadly i was too ignorant to vote for his party as i had been brainwashed by the BBC at the time.

We wont get a referendum unless theres civil unrest. We will have to show them what democracy looks like on the streets.

[Victorvoyage]

Interesantísimas opiniones de James Goldsmith. He was right as we can see nowadays.

[perkywa07]

Charlie Rose: Corporate CFR globalist BUTT BOY...always was and still IS

[morpheus1994]

This man is brilliant and more honest than all the corporate shills in D.C. put together.

[malkooth]

@morpheus1994 Honest if you are a fucking sociopath. Goldsmith is the scum that caused this bullshit.

[DavidAKZ]

@malkooth No - if you watch Pt 6 of the interview he voices his concerns about the financilaisation of the American and European economies aka Credit Derivatives.

[SilverRose09]

Nobody care about us

[graphattic]

Jobs? What is that, Iookes it up in the dictionary but it does not exist.

[MindControl7000]

What a Legend!