Bill Moyers: The Plutocracy Will Go to Extremes to Keep the 1% in Control

Moyers, Matt Taibbi and Chrystia Freeland explain how the plutocrats have willfully confused their self-interest with America’s interest.

if you say, 'Actually, I want to study income inequality,' and even most dangerously, 'I want to study what's happening at the very top of the distribution," what Branko Milanović said to me is the think tanks immediately pull away because they say, "Our donors won't like it."

And that actually challenges the whole economic setup of the United States and of western capitalism. It’s very, very threatening. And I think that that’s why you've ... Full Story »

Posted by Dwight Rousu
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Posted by: Posted by Dwight Rousu - Oct 20, 2012 - 1:54 AM PDT
Content Type: Article
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Edited by: Ellie Kesselman - Oct 22, 2012 - 2:00 AM PDT
Sirajul Islam
3.9
by Sirajul Islam - Oct. 22, 2012

Lengthy transcript of conversations by Bill Moyers, Matt Taibbi and Chrystia Freeland that have tried to explain the problems of the U.S. economy.

See Full Review » (18 answers)
Bob Herrschaft
4.3
by Bob Herrschaft - Oct. 22, 2012

...an in-depth summation of the status-quo and the psychology behind the paranoia of the plutocrats.

one of the great brave decisions taken by the Canadian government was to not allow the Canadian banks to merge. They wanted to. Huge lobbying effort. And they made the same arguments about, "Oh, if we can't merge, we'll never operate on a global scale. You know, Canada will be left behind. We'll be a provincial backwater." And the government just said no. And that decision I think flows directly into the Canadian government's ability to regulate the financial sector.

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Ellie Kesselman
3.8
by Ellie Kesselman - Oct. 22, 2012

Very accessible, with both video and full transcript. A wide variety of sources cited, including New York Times and Wall Street Journal.

Regardless of my general distaste for Matt Taibbi, he and others quoted here present a rather solid case for why plutocracy and rule of the few is trending more strongly and what the consequences will be to everyone else.

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Dwight Rousu
4.6
by Dwight Rousu - Oct. 20, 2012

I think the winner take all economic dynamic is something that is existing separate from the politics. The politics in the United States are exacerbating that division rather ... More »

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