The One Percent Part 7 of 8

Part 8: http://www.youtube.com/watch?v=eVeupSj6Nl4

The One Percent is a 2006 documentary about the growing wealth gap between America's wealthy elite and the citizenry on the whole. It was created by Jamie Johnson, heir to the Johnson & Johnson fortune, and produced by Jamie Johnson and Nick Kurzon. The film's title refers to the top one percent of Americans in terms of wealth, who control forty percent or more of the nation's wealth.

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[joleedeeva]

I love the scene with the cab driver... somehow it brings you back to reality. It grounds the film by clearly communicating that wealth is not exclusive to people with money. Spiritual richness will always far outweigh ridiculous wealth...Love the line...taught me to accept people for who they are not who I want them to be...priceless

[bseput]

That last scene was wealthy.

[bluegreen1138]

This Film is fucking amazing, please forward this movie. Dear God, please forward this, I beg of you.

[TheHobbgobblin]

shame, this is united states of america and we show more concern for middle east, send millions in aid or make war and here at home our people die in streets...friedman says others will always put their interests ahead of your own, not hard to understand...but jesus christ died for us..someone who did put others ahead of himself...even when they might not deserve it

[themetalgod21]

@BosPercussion Anytime you say to bunch of people the store is open and take what you like, everyone will run in side and take as much as they can carry.That is capitalism!!!! There's no way that style of government or economic model will ever work.It causes war,genocide, and poverty.

[themetalgod21]

@BosPercussion Milton was totally wrong as it was the lack of regulation that caused the economic problem i.e. the selling of derivatives and hedge funds and ponzi schemes that led to the problems not nationalization of the public's infrastructure as in communist countries.How long were we suppose to wait until the thieves gave the money back to the people they stole it from??The government is now suing these banks to recover the public money.Unregulated capitalism is a free for all.

[themetalgod21]

@BosPercussion Your not being honest.Friedmans policy had failed and Pinochet nationalized (which is a communist maneuver) the mines in the 1980's and then Chile was on it;'s way to recovery.You can't have it both ways.Pinochet did anti capitalistic measures to cure the problem and then Friedman wants to take credit for it.The US did a communist ,socialist move when it unrolled the tarp plan.All along there is needed intervention to fix capitalists inherent problems.

[BosPercussion]

@themetalgod21 From Wikipedia about Chile (the nation Frances Fox Piven believed would have been blighted with Friedman's ideas): Sound economic policies, maintained consistently since the 1980s, have contributed to steady economic growth in Chile and have more than halved poverty rates

[BosPercussion]

@themetalgod21 No Milton was correct in that yes it would have been bad, but the market would have found a way to correct it. In your previous assertion it seems obvious you're not familiar with Friedman's core tenets other than what is shown here. He believes failure to be a critical element in a free market economy - when that is eliminated (through gov't intervention of assorted varieties), the free market place does not function effectively.

[themetalgod21]

@BosPercussion The south American countries were nearly destroyed by Milton Friedman's ideas.

[themetalgod21]

@BosPercussion Actually Johnson is correct.The collapse or near collapse of our financial system was from lack of government intervention.Lehman bros,Goldman Sachs,Bank of America, and all the other banks according to Milton put themselves above their stockholders and country,pun intended.Keynesian economics was needed to stop the blood from flowing.