Pt 2 Age of Greed: Finance and Take Overs Overwhelm Reforming Manufacturing

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Uploaded by on Jul 1, 2011

Jeff Madrick on how during the 70's and 80's the parasitical finance sector gains more power

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  • wall street/ bankers + politicians = institutionalized corruption

  • @maxthemagition Redistribution you say that is the mantra of socialism, but you make an important point. I believe that with out a very strong manufacturing base impoting and exporting with as they do in Germany where a company with a certain amount of employee's the employee's represent 50% of the board of directors in which they take responsibilty for the growth and expenditure of the/their company. By the way since 1980.s the average worker in Germany has had a 35% increase in income

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  • Another problem that occurred was having all the Federal employees & others taking part in retirement programs, like the TSP, that made them delusional and indulged equity market abuses. Another reason for the unjust bail out syndrome but also has created problems with government responsibility toward citizens. Just as bad is allowing state, county, & local government pension funds to participate in federal debt which has decimated civic services & diverted more funds toward those entities.

  • Here's one of the problems with indulging corruption, instability, fraud, & all the other criminal issues ... it perpetuates the problems & has distorted if not perverted the financial, political, & socio-economic conditions into the present mess. If there was not such indulgence then surely people, especially the perps, would have suffered but that would have imparted discipline & corrected the problems as well. It was irresponsible, hypocritical, & unjust not to do so when it was appropriate.

  • TIME TO WAKE UP !!!! PLEASE COPY & PASTE IN YOUTUBE:

    Alan Grayson (HD): "Which Foreigners Got the Fed's $500,000,000,000?" Bernanke: "I Don't Know."

    SEN. SANDERS GOES OFF ON BERNANKE_ 03/03/09.

    Man behind Barack Obama Part One.

    The Obama Deception HQ Full length version

    Mitt Romney and John McCain Smirk at Ron Paul During Reagan Library Debate

  • China's economy is not going to collapse and it is very good, however the problem is that the way the state is designed they should only allow big players in to manufacture their products and sell them, not take over the country, Chinas state is the only big player that is supposed to be present in order for it to work properly. More so trying to break the government such that currency fluctuations are created is very foolish and it is best to leave china alone in that regard.

  • "ASS"?!?1 omg someone in the media talked to me like an adult!

  • @OnlyGreatness007  thanks :)

  • @EVILTRIPS666 Look for "AGE OF GREED" to the right.

  • WHERE IS PART 1!

  • @mikeoli touche

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