Naomi Klein vs. Alan Greenspan on Inequality

[DreamworxCanada]

way to dodge the question with any meaningful remark. Alan actually believes the crap he is spewing, that's the sad part. You don't have to work too hard to make him look like a jackass Naomi.

[louiethegreater]

What is Greenspan talking about, lack of skilled labor, that is absurd. We have Engineers who once held high paying jobs in manufacturing, now working as WallMart Greeters. As the country is deindustrialized, a generation of skilled tradesmen is being lost. All the U.S. serves as is a giant government supported consumer market for Multinational Corporations manufacturing in the third world. Greenspan, Milton Friedman and the Reagan administration totall hoodwinked the amrican people.

[Salvysahagun]

@louiethegreater

Has a lot to do with the fact that 90% of high school graduates are in college persueing professional degrees. (ie Doctors, executives, accountant, high end egineers)

In Steve Jobs book he talked about rebuilding education to start servicing manufacturing, and the avaibility of workers was holding Apple from having factories in America back more so than labor cost or regulations

[louiethegreater]

@Salvysahagun What world do you live in! Ninety percent of high school graduates are working in the fast food industries, or some menial service job. While skilled tradesmen in manufacturing draw out their unemployment claims, and go on the government dole. Steve Jobs was a un-american exploiter of a system, that allowed him to manufacture in low wage economies, and ship to Western economies free of charge. If a large tariff had been placed on those products, that manufacturing would be here.

[Salvysahagun]

@louiethegreater

Buddy I just graduated from High School. that 90% statistic is true. We don't need PHD egineers we need a 9 month certificates.

You ought to read the Steve Jobs book

You seem like one of those spoiled Americans who thinks he has a "right" to a job

Protectionism works but we haven't been protectionist since 1900. Teddy Roosevelt killed double digit tariffs.

[louiethegreater]

@Salvysahagun We don't need PhDs and Engineers because the H1B Visa Program has been thrown wide open,and we are immigrating them from Asia and Latin America. Engineers are being retrained as Walmart Greeters now. Where do you get that information. I had the Employment office here in Ohio run the statistics on the need for Tool and Die Makers. The result was the entire state would only need 600. Only to fill slots for retiring people. None 0000 was being created by industry.

[louiethegreater]

@Salvysahagun For your information American do have a right to a job. The very least Government can do is provide conditions for job growth. Protectionism worked well in America until after WWll when GATT was enacted. In the plan to rebuild Europe and Japan these economies were allowed to fee off the American economy. Than as globalization became the goal of the global elitist, Taiwan and now Mainland China has taken the remainder of our labor intense manufacturing. Only highly automated remain.

[Salvysahagun]

@louiethegreater

Wow, your economics terrible. You have a right to life, liberity and the pursuit of happyness.

if I create a job I own it. I decide how I want it to work.

Judging by your rants your probally some redneck whos just plain lazy and wants everything handed to him

[louiethegreater]

@Salvysahagun You will pursue happiness, life, and liberty for a long time without a living wage job. You are a Chicken Rooting for Colonel Sanders.

That is terrible about my economics? You are to young and dumb to realize you have been sold the bridge.

[louiethegreater]

@Salvys Steve Jobs was a global free trader, he would have gladly traded in his american citizenship for a global one, at the drop of a hat. A generation ago high school was adequate to find a living wage job. The final steak was driven through the heart of the American Economy was when Bill Clinton negotiated the GATT round in 1994, giving American Fortune 500 Companies permission to manufacture offshore and ship back to us free of charge. Please read past Steve Jobs you have been hoodwinked.

[Salvysahagun]

@louiethegreater

The problem is our regultory structure and higher education.

not everyone needs a four year degree.

Please go read a few books then come back in about year

[louiethegreater]

@Salvysahagun Hey, it doesn't matter if you have a 4 year degree, you are not going to earn a living wage. The system is stacked against you, and little wonder they are getting away with it as stupid as you are.

[Salvysahagun]

@louiethegreater

Please read "Rich Dad Poor Dad" by Robert Kiyosaki.

I've already held a few jobs and have connections is other industries. Juts working on skills right now.

Your ignorance is quite apauling, perhaps you should research your oppenent before you make assumptions.

Unemployment is 20-25%. Not quite 30%.

so hows is your living wage job? Still in a virgin in your moms apartment louie?

[louiethegreater]

@Salvysahagun Yes, you had minimum wage jobs in retail. No need to acquire skills as a machinist, tool and die maker, NC machine operator or programmer, Wire EDM Machine operator or programmer. No need for mid and upper management training because all those jobs are in Asia. Just exactly what skills are you working on, none are needed by industry. I repeat myself --- you have been sold the bridge --- you are just to naive to realize it.

[Salvysahagun]

@louiethegreater

I was making $13 an hour at peak.

Stop being ignorant, this is why when I travel the world they always hate Americans. Professionally and Socially.

I'm to busy launching my venture to waste time with poor rednecks who where tired of picking on Illegal Latinos and now want to attack asians.

[louiethegreater]

@Salvysahagun The world hates Americans because, the American State Department is attempting to force globalization and neo-liberalism upon them. I take it that you believe $13.an hr. is a lot of money. Wow, you call me poor, that's funny. Allow me to make it clear,-- the only one I am attacking here is your ignorance.

[Salvysahagun]

@louiethegreater

$13 an hour is a lot for someone right out of high school and is $4 above mininium.

America has never really embraced Neo-Liberalism. We talked about it but never really "did" it.

Doing nothing but shooting insults is not debate. I don't think you realize that most nations hate American people. not just the policies. You my friend are a prime example

[louiethegreater]

@Salvysahagun Well to each his own, I guess as long as you live with mom and dad you will not starve. Before I make an issue out of Neo-liberalism. Would you explain what it is to me?

[Salvysahagun]

@louiethegreater

A resuregence of Adam Smiths Empiralist doctrine.

i live by myself.

[louiethegreater]

@Salvysahagun If that is true you are poor, and should not be attempting to teach others anything. Thirteen dollars an hour places you just slightly out of poverty. Eat plenty of beans, that is what your wages affords you.

[Salvysahagun]

@louiethegreater

If you studied some real data and find thats amazing for high school grads.

[louiethegreater]

@Salvysahagun Is it possible you could believe that your government, should provide conditions for jobs in Asia to flourish, and you a High School Graduate be forced to work in fast food. Protectionism provided those conditions, by sending a message to industry that the U.S. is not retail only.

[Salvysahagun]

@louiethegreater

90% of high school graduates in 2010 are in College.

I don't know where your getting the idea that all high school grads are working in fast food.

Its 100% wrong.

[louiethegreater]

@Salvysahagun You mean only 10% of the graduating seniors in 2010 went into the job market. What job market, 30 Americans are unemployed. Manufacturing that employ people is in the third world. You will not find a living wage job. You are just to stupid to realize it.

[louiethegreater]

Why is Greenspan so proud of China offering their laboring populations as cheap labor to Multinational Corporations. What is the difference between subsistance farming communitise, and subsistance factory workers. Latin Americas economies are forced by privatization of their state run industries, and the librilization of their markets to buy cheap Asian made goods, thus destroying their domestic industres. They are forced to buy the same Chinese made tee shirts we in the US are.

[bigge525]

And who were the three sponsors of the bill that Clinton signed? Phil ("let em eat cake") Gramm, Leach, and Bliley. Three Repuklican Conservatives. The same group that has overwhelmingly pushed for the de-regulation of everything during the last 30 years and lies like "trickle down economics" that directly led to nearly all the crap were seeing now. A FDA that's not checking our food safety, MMA snorting meth off tosters, Madoff sitting on the same blocks as the SEC for years, and on and on.

[bigge525]

Notice Greenspan's "free market" ditto heads on here can't provide one fact or example why Klein's wrong that de-regulation, privatization, didn't contribute to the out of control business practices in this country and wealth inequality which came to a startling end in Dec 2008 when we were shown how wrong he and his minions really were. Just spin off into other areas of the subject. I Hope you enjoy watching the country being destroyed from your country clubs.

[bonfirejovi]

@bigge525 Watch Marc Fabers lecture on the cause of the collapse at the Mises Circle. This mess was a creation of Fed policies of easy money and low interest rates along with GSE's, namely Freddie and Fannie. It is obvious that Klein's fans are economic illiterates and have obviously never read a book from Milton Friedman but instead prefer to resort to demagoguery and strawmen. For an account on how misguided her book is look at Johan Norberg's responses. The capitalists predicted this.

[bonfirejovi]

@bigge525 Also Greenspan doesn't have the power to "deregulate" or "privatise", he only has control of monetary policy, namely providing liquidity and interest rates. If she wants to blame anyone then she can blame Clinton for signing in the repeal of Glass Steagall. She is an economic illiterate to the nth degree. Greenspan abandoned his Ayn Randian principles the minute he become Chairman of the Federal Reserve. Greenspan is to blame for this mess but not for the reasons she stated.

[publicanimal]

This is hilarious. She is questioning Greenspan about "policies the he pursued" regarding deregulation and CEO pay rates. That has NOTHING to do with monetary policy. He could set the reserve ratio for banks, set the federal funds rate and the discount rate, and perform open market operations. That's it. These are all powerful monetary policy tools, but bear no relation to what she's talking about. She is an ignoramus to the nth degree.

[RussMusiq]

LOl, how can Greenspan tell companies what to pay CEO's or make trade deals. This is absolute idiocity, he simply can not control those things.

[kskshghg]

Greenspan is a piece of garbage--now he's blaming teachers! "Something we should be apologizing for..." Yes, it is. What we "spread" is resenttiment and the rise of rage politics and Greenspan is the main architect of this disorder and destruction. Awful gnome.

[luvagudump]

We are a virus unto ourselves the more we multiply the sicker we get

[jereuter01]

Mr. Greenspan at senate hearing in response to question posed by Henry Waxman:  'I WAS WRONG." No kidding.

[Nintendomanwill]

What sort of scumbag attacks free trade?

Should we live in autarkous, bellicose states?

And shouldn't we blame crappy state-education rather than capitalism or freedom, for a low skilled workforce?

As if the west has HAD capitalism and freedom, with state schools, central banks, fiat currencies, regulation, high taxation...

How does Klein sleep at night? She's exploiting the failures of statism to gain popularity for anti-liberty movements, a disgusting agitation.

[bicalhoartur]

I'm from Brazil and the governament here that was favorable to FMI police was the governament of Fernando Henrique Cardoso. In his governament there where big privatizations, but he incrised like no other president the participation of the governament in our economy.

[rickbar123]

Greenspan must have been smoking CRACK before this show. He is full of shit.

[99rhetbaboons]

The "education system" created people who hate learning. It's a subject he just doesn't understand. It'[s also a fact that funding has nothing to do with how happy and smart kids are in a school. The amount of money thrown at school has grown exponentially over the century. He's one of these who has a mental model of the world that is more nuanced than the average bear's, so he assumes that that coupled with a oh so sensible, 50s dad square attitude makes him an all wise genius.

[LouieArrighi]

funny how Greenspan blames our education system. the fact is there are plenty of factory jobs, but they have all been sent to China because of deleting tariffs and supporting free trade.

[modestryan16]

does anyone actually read the book before criticizing it? alan greenspan dodged the question of Latin America. because the entire souther cone of Latin America was locked into structural adjustment programs which did not create the of prosperity hes is talking about. The supposed prosperity hes talking about pure fantasy.

[preludeprowler]

Economics is pure fiction. The economic principle of 'perfect information' - how is this even remotely believable when people in the third world are forced to sell their commodities based on prices set on the NY commodities exchange when they have never been given proper education to even read, let alone have acces to telephone, internet, books or 'the fiction' of a commodity exchange'

[brokenheadbrad]

Naomi Klein released her book after Milton Freidman died. I dought that was an accident. If you haven't read "The Shock Doctrine" you can find in under fiction in the library.

[bbpro]

She released it after Friedman's death since she would have absolutely no hope to ever beat him in a debate.

[stick1to2the3issue]

"The Shock Doctrine" is probably the singlemost convincing factor pushing me towards lobbying the government to institute book burning just for this specific book.

[DantesDump]

Klein is a phenomenon to me.

How someone who comes from a radical Marxist background, with no tertiary education, no economic education whatsoever, can go on to be taken seriously as an economic pundit is a total mystery to me.

Her book "The Shock Doctrine" was laughable. A completely unsupported hit-piece on Milton Friedman who is, luckily for Klein, no longer alive to defend himself.

How does she feel safe criticizing free market economics when she's never learned a damn thing about it?

[ric0211]

Agreed,

how this woman even receives media attention or a proper response from Alan Greenspan is a phenomenon in itself

[preludeprowler]

How is she supposed to criticize economics when she's never learned economics?

How are economists supposed to decide how people live when they have never learned about life beyond insupportable economic principles which have been proven. If economics is supposed to run our society, how can you turn human kind into a pure science based on fiction.

[grannie4peace]

he's full of bullsh*t!

[singledad1234]

we need to get rid of the fed

we need to listen to people

that know what happened in Germany

they want it all over again

[artyphax]

Greenspan is wrong when he blames growing income disparity on poor education, and it is easily provable. Why are incomes going down for most skilled, white-collar workers who have good educations? Deregulation of environmental and labor standards through outsourcing promotes accumulation of income at the top of the corporate structure. Why should that surprise anyone?

[brder4ev]

The federal reserve was instituted with one goal in mind, a one world government with one central bank , control by a few and poverty for the rest. Free trade is a sham , a true free and open economy would be a fair trade agreements.. If other countries refuse to import an equal amount from us , well then we just simply stop importing goods from them. As long as we have lobbyist in WASHINGTON D.C. we will not have honest politicians is what I see. why does not the fed have to be transparent?

[t0nt01982]

To say Greenspan is "wrong" is pretty foolish. you need to be weary of "statistics" saying that income inequality is widening. it may be true, but does that mean you should put a cap on someone's earnings? on the basis of "fairness"? according to Alan Reynolds income for full time wage and salary workers increased b/w 1980-2004 by 13% or 17% depending on which price index you look at.you have to look at how they acquire the data in statistics.

[Fireinthedawn]

@t0nt01982

i'm not going to dispute a lot of what greenspan says is right, but I am going to say that when a culture encourages selfishness more selfishness takes place. It doesn't HAVE to be this way.

I'm also not going to deny that he's right when he says that you cannot fundamentally wipe out crony capitalism-some greedy bastard WIll ALWAYS try to exploit and use people. I'm GLAD he said that.

However Ayn rand is not human nature, she' sa projection of an ideal that few actually live up

[Fireinthedawn]

@t0nt01982

to... and greenspan himself admited to the HORROR of the entire republican caucus that he found a "Flaw" in his ideology. I'd be interested in making this flaw VERY wide.

[hegemonymony]

we spend the most per capita on students in our public education system... yet it ranks one of the worst in the world. You don't think that's a problem?

Don't blame Greenspanner for this... point your outrage at the Teachers Union... a monopolistic group of people simply trying to cement their political power at the childrens' expense.

But knowing how you think... you'll just blame everything on capitalism... our education system even failed you it seems.

[tag12345]

If you consider yourself an open-minded and rational person, read Johan Norbergs analysis of the Shock Doctrine based on ACTUAL EMPIRICAL FACTS AND DATA. Don't fall for the hype, don't be a sheep.

[RogerOnTheRight]

The Left cares naught for the poor, except to ensure there are plenty of them, and that they stay poor.

Where you see dominance of socialism, you see poverty. Where you see freedom and free markets, you see wealth creation.

[Fireinthedawn]

@RogerOnTheRight don't pretend to speak for me. What I support is workers control of the means of production. I want the poor to prosper.

[RogerOnTheRight]

I don't presume to speak for anyone but myself. Still, I reiterate: the left cares naught for the poor, other than to ensure there are plenty of them.

Leftists depend on poverty for political power. Actual wealth creation is beyond the means of socialism, as we witness throughout the world.

Note, they now speak more of income inequality than actual poverty, as the "poor" are so much better off now than before.

Let's kill socialism once and for all.

[Fireinthedawn]

@RogerOnTheRight sorry roger, you're wrong. Welfare dependency is a s landerous myth. and so is the notion that it actually creates poverty, I already have an essay pre made for exactly the point you're trying to make. fact is pretty much any way you approach me, I already have a response. I've been at this for too long. you didn't chose to debate an amateur tonight or one of those "liberals" who wants to sling mud

[RogerOnTheRight]

I would love to read that essay, if you care to send it to me.

But, observe what happened when "welfare as we know it" ended in the mid-90s. During the year *prior* to the new law taking effect, employment by recipients of welfare shot up as people anticipated the change.

Imagine that! People on welfare suddenly found jobs! How was this possible?

Simple: by removing the incentive to not work, having a job suddenly became desirable.

I would love to learn your thoughts on this.

[ElFrankus]

Plus, she`s a beautiful girl

[rspawn]

"the rich have created the wealth of the world."

There would not be any wealth in the world if it weren't for the hard labour of the worker class.

[Objectivist888]

There'd be no such thing as a working class if there were no corporations to work for, either. The free market has created wealth in that way -- you know: people working together, all toward their own interests. But it is manifestly obvious that the rich, successful businessmen had to take more initiative than their employees.

[rspawn]

According to the twisted logic of right-winger capitalists, the way to make the poor less poor is to give the rich more money.

40 years of that trickle-down/supply-side economics have demonstrated unsurprisingly that it achieves the opposite: giving more money to the rich makes the rich richer and the poor poorer.

[sedeki]

Listen,

you should live in a left-wing country before you criticize the economic liberals.

I'd love to trade place with you. I have grown up in Sweden, a very social-democratic country and I hate it. It doesn't work. Fucking socialism...

The only thing that will work is freedom to choose. Not force by government. Not by forced taxes, and so on. Taxation is theft.

[rspawn]

I live in a country that used to be social-democratic, and it is getting worse as it implements more neo-liberal policies.

Without government regulations, corporate interests will dictate our choices.

[sedeki]

Governments dictate.

Liberals can't live under socialism (we'll get thrown into jail), but socialists can live in a liberal/libertarian society: start organisations, movements that pay for each member.

Ironic isn't it?

Please don't force us to pay for you.

Kindly,

Tobias

[rspawn]

If you say so, it's probably true, right?

[zapata420]

I bet there's alot of liberals/libertarians in Scandinavia. Probably in France too.

[ricksterga]

yeah and thanks to that, their systems, theyre the richest now, very soon we will be as poor as gambia...buh bye america we are doomed. soon, youll have americans jumping the border and wetting their backs to immigrate to mexico, canada and europe. lol, if we had only chosen the right person, but we are too lazy to know who the fuck we are voting for! sad sad sad

[Fireinthedawn]

@sedeki taxation isn't THEFt you treasonous filth, it's the price we pay to live in a civilized society and without taxation there would be no militarry to police force to prevent every penny you made from being stolen from you by overwhelming military force-and no matter how big and bad your ass is, someone's bigger-so don't even try.

[sedeki]

Treasonous filth...?

The society should only pay for a military to protect itself, a police force to protect itself domestically, and to have a functioning juridical system.

I do not want politicians to steal my money. If you would like to pay for museums et cetera, stuff people never use anyway, fine.

There will always be problems when a few people decide for a couple of millions of people. That's why the market economy is bound to work, it allocates money efficiently.

[ProprietorOfSelf]

if you believe our economic conditions are resemblant of the mythological "fee market" that does not exist, then you are sorely mistaken. there is no free market in the united states. the concentration of wealth in this country can be attributed primarily to the protectionist policies of corporate worshipping leftists. who do you think benefits from "licensing", industry regulations, tarrifs, price fixing, patenting, inflation, etc.? your beloved regulations have created these conditions.

[Fireinthedawn]

@ProprietorOfSelf I agree the left sucks too, the democrats have a lot of sellouts in them that PRETEND to support the people. The republicans OPENLY are corporate worshippers. They're BOTH fcked up, and I don't appericate the efforts of the right lately to hijack the movement.

[Fireinthedawn]

@ProprietorOfSelf and every type of regulation you're menittiooning suffers from one aspect: corporate friendly regulation. There IS such a thing as consumer firendly regulation. The big problem? it's MUTUALLY EXCLUSIVE with CORPORATE FRIENDLY.

[0neironaut]

ahhaha Alan. way to blatantly avoid her questions.

[llapole]

i'm not a big greenspan fan, but he's right. capitalism is the road out of poverty.

[0neironaut]

ya, but the question is... for who?

[garyowen4ever]

al has a great future on chicago's version of wall st.......MAXWELL ST ! selling off the rack suits from Poland!

[mmdevel]

While I realize Naomi seems somewhat overly nervous, but if you have read her book or any of her articles, then you would know she is indeed a top notch researcher and journalist...we are lucky to have her voice these days...perhaps the voice of Greenspan is enough to make anyone a little nervous...stop hating...(or maybe just seeing the errors more easily because she is a woman)

Read more and stop relying only on videos for your information :o)

peace and luv, though

[superdeluxesmell]

"Thanks Naomi, that's lovely, but daddy and his friends are talking now, I'll play dress up with you at the protest after dinner".

[superdeluxesmell]

hmmm? Wouldn't really agree with either of them idealogically but Klein is made to look like the immature irrelevence that she is here, talk about amateur hour, it really reminds me of seeing a silly little bumbling student nipping at the heels of a great guest speaker on a university tour. Listing a couple of facts & figures & spouting hilariously out of date marxist catch phrases, without a drop of authority or command of the broader issues of a topic.

[qtronman]

Klein, like most socialists, is an envious, self-hating wretch. Greenspan, on the other hand, has lost his integrity.

[0neironaut]

pfft, qtronman, like most Randian cultists, seems to think caring about other people is a sign of moral weakness. "everyone is the other, and no one is himself".

[qtronman]

0neironaut - How can you possibly care about others when you hate yourself?

[qtronman]

Leftists/socialists talk about how caring they are, how much love they have for humanity, overwhelming generousity, and benevolence towards everyone. This is a mask you wear. The truth is, you don't love anyone, including yourself. You want to attack others--in particular people who have property and are successful. You want to control others. The secret is out. Take off your mask and show me your true spirit.

[0neironaut]

bhahaha thats some incredible psychology! really, im impressed. Though you may sound like Nietzsche, you arent as convincing. Fucking slave.

[qtronman]

"Fucking slave."

No, I'm not.

[0neironaut]

"self"? what is that funny word? do we have any right to use it with conviction, if "my" self is always constituted by others? or, in what sense can we say "I" with any authenticity when every system of world intelligibility (even the very language i use to know the world) is an inheritance?

[qtronman]

Point proven: "... if 'my' self is always constituted by others?"

This is an interesting confession.

[0neironaut]

predictable evasion.

[qtronman]

Language constructs do not create reality. You can call me a "fucking slave" until you die, but it bears no relation on truth.

[0neironaut]

who said anything about "reality" and "truth"? language means. "truth", "reality", are but classes of meaning. Meaning is the wider category.

[qtronman]

So you can have meaning without any reference truth or reality? You've just inverted the genus-differentia hierarchy.

[0neironaut]

im afraid i just dont understand you.

[qtronman]

Who cares, I'm a cultist--and therefore anything I say or do can be written off.

[bahoss]

I don't believe that this Greenspan is a normal "human being"

ssssssssssssssssssssssssssssss­sssssssssssssssssss

[deliciousmorton]

Greenspan is evasive.

[davidmesaaz]

But Democracy Now condemns Billionaires essentially redistributing their wealth and corporations break up large corporate interests such as Ford (Not called the big three automakers for nothing). But these policies would destroy the very source of their funding.

[vforvoltaire]

Naomi Klein mentions Allende, Greenspan changes the subject. lol.

[jessupleft]

Funding for Democracy Now is primarily derived from listeners, viewers, and foundations. In 2004, Ford Foundation awarded a grant of US$150,000 to produce, broadcast and distribute a series of radio, television and Internet reports on the media reform movement in the United States. PBS, which airs Democracy Now, does get funding directly from the Ford Foundation.

[davidmesaaz]

Yeah i realize that is funded by foundations but where did the money come from?

Democracy Now condemns billionaires and large socially irresponsible corporations (e.g. car manufactures that make SUV's)

I have no problem with Democracy Now receiving corporate dollars... I have issues with what they say but not their right to say it.

[davidmesaaz]

Anti-corporation attacks funded by corporations.

Democracy Now condemns the corporation and its influence in society yet receives its funding from the Ford Foundation the charitable arm of one of the largest corporations in the world Ford Motor Company.

[peacelord]

The Ford Foundation is no longer owned by the Ford Motor Company, if you look it up.

[davidmesaaz]

Your missing my point its not a sense of ownership where the CEO of Ford dictates who gets what. What I mean by the corporate arm is the assets of the Ford Foundation come from stock and an equity share in the Ford Motor company. As Ford sells more cars more SUV's which its famous for the its share price goes up and the Ford Foundation has more assets to give to Democracy Now. So it would be safe to say "Support Democracy Now buy an SUV"

[KamikazeKoscki]

It's not market forces that are destroying the unions, it's our government and the elites that hate unions. You need to go to my site and listen to my video's to get an idea of what is happening. Evil vs. Good.

[davidmesaaz]

Now people are working in the service sector ie google banks why? because the jobs are better!! They are going to the universities. They are going into the Health Care and into finance. middle class jobs will always be there what they are changes.

[zkwaerwaivbace]

The universities are full of mediocre rich kids.

[davidmesaaz]

What constitutes a middle class job has changed since the start of this country.

The economic engine of the 19th century was the family farm. Well the great depression combined with technology (farming equipment) caused a loss of the family farm. See Tom Joad and the grapes of rath. Those individuals went to work in for the cold industrialists. But the wages were better in the Factory and the standard of living was better.

[davidmesaaz]

Deregulation has been great for the American consumer. Regulation is essential anti-competitive behavior designed to keep innovation out of the economy. The Airline industry was regulated. Because they could not lower fares FBI agents would seek out and punish those who did not comply and 95 percent of the time they punished lower fares 5 percent of the time they punished high fares.

[KamikazeKoscki]

Deregulation was terrible for the S&L loan, terrible for the airlines, they now are out sourcing their jobs. The elites are all joining together to destroy the America people!

[davidmesaaz]

Terrible for the monopoly for those relying on the government, but great for the consumer. The price decreased and quality and number of flights have all increased since deregulation.

S&L that was fraud of federal regulators. You can't bribe someone who doesn't have control of the regulations. So that is a plus of deregulation and not regulation.

[KamikazeKoscki]

I am a pilot and fly Helcopters and Airplanes and now the public is at risk which has been shown on the NTSB reports that flying is dangerous and becoming a hazard to everyoen flying.

[KamikazeKoscki]

GM is owned by the Rockefellers and so was United Airlines, interesting how UA had their planes hit the twin towers! The elites are running our government at the expense of our liberities, and Constitution! Wake up Americans!

[westphalianprinz]

This could have been much nastier, but Klein represents the views of labor, while Greenspan represents the views of capital. If you want to know why these two people see the world differently, this is why.

[KamikazeKoscki]

Tell congress to enforce the Sherman Anti-trust laws.

[xxxnoquarterxxx]

im pretty liberal, id never vote Rep, but this is like watching foxnews in a mirror. watch how she loads her first question: "you took office when reagan was president..reagan did this..CEO pay did that..dont you feel responsible for things that werent your responsibility?" how can we take these questions seriously? her audience might not know what the Fed does but she has no excuse. foxnews guys load questions the same way when they try to box people into the "hate America" corner.

[westphalianprinz]

This is then news angle everyone else in the world sees.

[davidmesaaz]

and that is not a good thing.

[straightchris]

Greenspan said he isn't an ideologist, he deals with the facts: There is a lack of skilled labour in the US; his solution (edited out of this clip) is to encourage a brain drain from other countries, this will lower the average US wages of...hedge and vulture fund managers?

Greenspan is an aspergic number cruncher who contradicts himself.

[o0xst]

hahha I am going to get Alan to open up a dippin dots store with me at the mall.

[KamikazeKoscki]

Congress will not enforce the Sherman Antitrust law which would demand the Corporations from buying up all the other competitors, for ex. Murdock buying up all the media and establishing one clogalmerate/ big Monster/KingKong to destroy all smaller competitors for greed and power=One World government for the elites. Brainwashing the American people that they are looking out for your best interest, when indeed they're trying to kill off the population.

[KamikazeKoscki]

Deregulation and freetrade is for the Rocketfellers,Morgan, Flick, and other weatlhy greedy bloody individuals. Deregulation has killed the unions and destroyed the middleclass in America.The S& L banks under senior Bush deregulation cause many people to lose money and "FICA" had to step in to reimburse the people, which is really the tax payers having to cover corruption and fit the bill for those losing money at a reduce refund amount.

[westphalianprinz]

I don't name names-- I just call them the bourgeoisie. Those people all fit into the 1 percent who own most of the world.

[davidmesaaz]

Yeah its the one percent that is allowing us to speak on this site. Its the pursuit of excellence that makes the world go round.

[davidmesaaz]

You mean Frick right? Deregulation has saved the middle class its the Unions that are messing up the economy. Skilled individuals are going to Healthcare and finance not the auto unions. GM and the big three are just selling crappy cars. The year that the Auto Industry hired the most people was 2005. Why don't toyota employees want to join a Union?

And the "Robber Barons" that you denounced created the great cultural institutions in this country. The Met Museum National Gallery etc.

[KamikazeKoscki]

You're right Frick! No Deregulation has harm the middle class. I was a union steward for the Teamsters, what is happening is the top dogs sold the rank and file out! I did not, but it's hard to go to Federal court fighting corporate America! The Corporations are exploiting people by allowing foreigners into this country undocumented. Killing & Destroying the union jobs, that is why the CEO's are making 400% to their employees!

[davidmesaaz]

There is your problem Unions judge people not according to their ability but how long they have been a part of the Union.

Its not the corporations that sold you out its your own Union.

[KamikazeKoscki]

No Senior bush conspired with Hoffa Jr. and with their laws and pressure they have allow the teamsters union be destroy! I went to Federal court and representing everyone, and I found out that with bush in power, he asked Gonazeles to kill my case so he could have then North America union go through!

[davidmesaaz]

Its market forces that are destroying unions. People are not joining them case in point the Toyota factories are non union have been for decades. The quality of US cars has declined. BMW's are built with union labor have higher currency costs with a higher Euro and a higher labor costs.

[KamikazeKoscki]

Tarrif's/trade is the problem china imposes a 12% tarrif on all autos being sold to them,while the usa only has 2half % tarrif on their vehicle sold to usa.

[KamikazeKoscki]

The Democrat's and Republicans work for Corporate America, and distributing wealth is not their goal, it's to keep the wealthy rich at the expense of the people. We need to throw all the bums out on the street, and embrace the Constitution. Also the CIA & FBI are the opaclytic organizations which help to over throw governments for the multinational corporations, it has nothing to do to save democracy or liberty.

[KamikazeKoscki]

It's now called Triple up to the CEO's! In order for Capitalist to survive you must always make a profit, therefore union busting, cutting wages, and paying off polititcans will extist until people realize that a Capitalist society can't operate, in fact it will collaspe and revolting will be necessary.

[westphalianprinz]

The solution is democratic socialism. As in socialism as radical democracy.

[davidmesaaz]

Your advocating socialism when even the most socialist nations are retreating from centralized planning? Markets are best for the poor. Read the Mystery of Capital by Hernado De Soto.