Robert Reich has served in four national administrations including those of Presidents Ford, Carter, Clinton, and Obama. He addresses why income and wealth have become so concentrated at the top –more concentrated than at any time since 1928 – and the consequences of such concentration, both for the economy and for politics. Then addresses what, if anything, can or should be done about it. Series: “UC Berkeley Graduate Council Lectures” [4/2011] [Public Affairs] [Show ID: 21029]
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Excellent Vid. Really clever guy. What he says is so obvious. People can’t spend what they haven’t got.
You are the fool.
See this /watch?v=uB7jdjsFErM&feature=related
to educate.
without the dollar, we will all lose our wealth, lose our jobs, starve and die!
As much as Wall Street and the top 1% are against regulation and increased taxation , unless there is a change in regulation, tax rates, upper management compensation, and Golden Parachutes, we will have a self destructed economy. A destructed economy in which every American will share the responsibility for its failure. Americans of every class will be just as responsible as Wall Street for the failure for allowing for such events to take place.
I have the outmost respect for those individuals who protested in several cities across the nation, however my respect would have been much greater had a proactive plan been put in place.
Obama coined the phrase ” Change”, I think it’s time for our president to take this to the next level and deliver this change. In occasion Obama said ” “Change in America doesn’t start from the top down. It starts from the bottom up.” I agree and believe it is time for us to start this change.
maybe they will replace it with something that is backed by something, say gold, silver or a basket of currencies? Maybe we will have a one world currency, or a chip in our hands? I hope not though
You mean like the Republicans calling for more tax cuts and less regulation on Wallstreet?
THIS IS MEYER HAVEN DEAR CHINA BAN CARPET USA TRAP CANCER IS MANMADE THERE ‘S A SPY IN MY HOUSE ROTTEN OLD CATPETS CANCER FILLES YOUR LUNGS AN DESTROYS BODY PARTICELLS CHINA I HANDED YOU YOUR BALLS HILARY WILL LINE OUR POCKETS WITH GOLD
GOP CANCER MONEY MAKING MACHINES THERE’S SO MUCH MONEY IN AMERICA WE PAVED ROADS IN GOLD 2099 PEOPLE WALK AROUND ME THROW DIAMONDS AT ME
OBAMA GETS CANCER HE FEELS TREMENDOUS PAIN HES HAVING A STIGMA
PROCTER & GAMBLE I KNOW YOU MISS ME
This man has instilled and spoken the truth I have experienced in our country. It is invigorating to hear a school of thought being validated and spoken on values I have observed creating the very issues which are destroying the rights, freedoms and what it means to be an American. I am so grateful to have come across this man creating a solution not another lie we accept as truth because we have been assigning value to the priceless liberties which we are given by our creator and not allowing
I’m paying off my debt I’m not buying shit.
I for see college grads with degrees on welfare.
Liberalism is a lie.
Start by encouraging poor people to get a job and keep there legs closed.
Only those who depend on other people for there survival.
I drive a jeep rubicon, spent a lot of nights at home while others went out partying. I work hard for what I have, which isnt much. I’m part of the 99% and proud of who I am. god bless the rich.
It’s already happening.
Reich is awesome.
I agree that people that produce ignorance should keep their legs closed. That being said you shouldn’t of been born..
I said nothing about ignorance, but only that we should “encourage” poor people to take get a job, because that why their poor. If they don’t love their kids enough to seek gainful employment, they should not reproduce only to have their offspring grow up blaming others for their lack of opportunity. Now I go to work every day pay taxes and contribute to society. So check.
Those poor, poor poor people. It’s all their fault. Rich people are right. Poor people deserve what they get. Rich people get their fair share. Some people are no more than animals. They deserve to starve. Don’t care about those people! They’re worthless. If Jesus liked them let it be his problem
You can encourage them all you want but that will not change the facts we are in the middle of a credit bubble and the only way out of it is a combination of growth (no easy task) and bankruptcy on national scales between all the major economies.
It is not just the poor people that needs encouragement it is everybody.