Naomi Klein-Wall St. Crisis should be end of Neoliberalism-3/5

[davidmaren2000]

friedman certainly would not have supported the fraudulent bailing out of the banks. when you make bad loans and deals you suffer the consequences that is the source of checks and balances. when we ignore human nature as opposed to ideology we certainly will suffer the consequences. human nature always imposes its will over ideology

[freedomthrough]

That said... The bailout was badly planned and idiotic. Both left and right should be going mad about it, still. It's a privatization of gains and socialization of losses. If you need to socialize losses, you socialize the gains too. And take the chance to repair the system in the meantime. That'd be prudent. Then, if it suits you ideologically, you can privatize the gains again, but make sure the losses stay in the private sphere. The current banking system had it, and always has it, coming.

[freedomthrough]

"It's taking a private crisis... but it is moving those bad debts onto the public books" - While i generally agree with Ms. Klein, this is wrong. She's implying it's a public financial crisis, while it is actually just a political one. Currency is a public monopoly and there are no realistic material constraints to production, thus the federal government can never become technically insolvent. That means this is a political crisis, not a financial one.

[jereuter01]

U of Chicago named the new Economics Institute after Friedman, so on and on it goes......the godfather of deregulation, a duplicitous ideology that ultimately leads to chaos, anarchy and nihilism. Thanks Naomi for speaking common sense, real world truths to economic utopia created by an invisible hand and inhabited by animal spirits.

[murdelabop]

The audio is way down in the noise. Please fix the audio and repost.

[uddaside]

i think its too late for america people are too self obessed too money obessed and materialistic with most poeple not seeing futher wich is leading to the break down of society milton died smiling

[Bacchant33rd]

Why aren't there more people watching this !?!?!?!?!?!?!?!

This video NEEDS more views.

[rickbar123]

she makes you think

Americans today want Rush and Beck- hate is easy, thinking is work

[dankbot420]

@Bacchant33rd the fact that there are only 1200 views 1 year after your comment is a testament to how much of a problem it is......the American middle class just got pimp slapped and they don't even know it cause it was invisible

[calvinjones]

very quite but a great talk

[darkkittycry]

Nearly too low to even hear what she's saying -but I'm certain I've heard it all before. Most of these same speakers keep saying the same things...which they should...until everyone wakes up!

[Nabo00o]

@darkkittycry

I get what you are saying, but in a way I don't think so.

What is crucial is to get everything to fit together logically. The more successful this is done, the better everyone will understand. And nothing can be shoved under the table if it doesn't fit in, including every attempt to create communistic/socialistic states throughout the world...