tv Documentary RT December 20, 2019 6:30am-7:01am EST
understanding of shale is that it's a money loser from day one but it doesn't matter in the u.s. because all the creditors to lend money into the shell industry are constantly being bailed out by the central bank that prints money that's why they do it for the fees it's great for the banks but it's not an energy play and it's not a business it's a sinkhole but here as you point out in argentina so they can't just print their way out of a losing situation and the economy is already a bit fragile you don't want to add another loser into the mix like shale drilling voided completely. norm chomsky and i and a family at mit and i think. getting more heavily involved and they were activities for the last few years. noam chomsky has made to international reputation. is one of the national leaders
of american resistance to the vietnam war the d.p. is a professor of linguistics who before he was 40 years wrote to transform the nature of his subject. you are identified with a new level whatever it is you certainly have been an activist as well as a writer. i'm skeered. is wasted in anybody's catalogue among the. top euros of the new left. standing. by adopting over the past 2 or 3 years a series of adamant. rejecting at least american foreign policy most itself. with this new. interest. to choose to. use used intrusions. eddy's so if someone and say italy is criticizing the
barrels going to me or the corruption of the italian state and so on then a cold area $106.00 they were cold and $810.00 people would collapse and laughter in the streets of rome or milan. in totalitarian states the notion to use so in the old soviet union dissidents were cold and he said that was the worst condemnation in the brazilian military dictatorship they were gold in every brazilian. no it's true that in just about every society the critics are maligned. or mistreated different ways depending on the nature of the society like in soviet union say will be imprisoned. in a us dependency like el salvador at the same time this counterforce a tether brains blown out by
a us run state terrorist worse than others is it just condemned their villa from the zone and in the united states or one of the terms of abuse is anti american and there's a couple of others like you know more cases there's an array of terms of abuse. of in the united states a very high degree of freedom and so if you're vilified by some commas or who cares to go on to your work anyway these concepts only arise in a culture where if you criticize state power and when i state i mean. we're generally not just government but state corporate power if you criticize concentrated power you're against the society you're against the people it's quite striking that it's used in the united states for another the only democratic society where the concept isn't just ridicule and it's a sign of. elements of the elite in culture. which are the great the glee.
gold made. it was pretty gala tarion growth so the lowest 5th of the population was improving about as much as the upper 5th. and there were some welfare state measures which improved life for much of the population it was for example possible for a. black worker to get a decent job in an auto plant. get a core of children go to school and so on and the same across the board. when the u.s. was. primarily a manufacturing center it had to be concerned with its own consumers here famously henry ford raise the salary of his workers who would be able to buy cars.
when you're moving into an international. tunnel me as the banks like to call it the lives small percentage of the world's population that's gathering increasing wealth what happens to american consumers that have much less concern because most of them aren't going to be consuming your products anyway at least on a major basis. your goals or profit in next quarter even it if it's based on financial manipulation and. high salary high bonuses produced overseas if you have to produce for the a wealthy classes here and their counterparts abroad what about the rest well there's a term coming into use for them too as they're called the precariat. precarious proletariat the working people of the world who live increasingly precarious lives . and it's related to the attitude toward the country altogether.
during the period of great growth of the economy fifty's and sixty's but in fact earlier taxes on the wealthy were far higher corporate taxes were much higher taxes on dividends are much higher simply taxes on wealthier much rare the tax system has been redesigned a so that the taxes that are paid by the very wealthy are reduced and cursed ponderingly the tax burden on the rest of the populations increased. now the shift is towards trying to keep taxes just done and wages and on consumption which everyone has to do not say and dividends which i go to the rich.
the numbers are pretty striking. now there's a pretext of course there's always a pretext the pretext in this case is well that increases investment and increases jobs but there isn't any evidence for that if you want to increase investment give money to the poor and the working people they have to keep alive so they spend their incomes and that stimulates production stimulates investment that leads to job growth and so. if you're an ideologist for the masters you have a different line and in fact right now it's almost absurd and corporations have money coming out of their pocket. so in fact general electric are paying 0 taxes and they have enormous profits let's take the profit somewhere else or go for it but not pay taxes and this is common. the major american
corporations shift the burden of sustaining the society on to the rest of the population. solidarity is quite dangerous from the point of view of the masters you're only supposed to care about yourself and not about other people this is quite different from the people they claim are their heroes like adam smith who based is whole approach to the economy on the principle that sympathy is a fundamental human trait but that has to be driven out of people's heads got to be for yourself father while maxon don't care about others which is ok for the rich
and powerful but it is devastating for everyone else. and it's taken a lot of effort to try to drive these basic human emotions out of people's heads. and we see it today in policy for a major for example in the attack on social security. social security is based on a principle it's based on a principle of solidarity saw bury it in the caring for others. a social security means i pay payroll taxes so that the widow across town can get something to live on. with fred much of the population that's with this of iowa. it's of no use to the very rich a so therefore there's a concerted attempt to destroy it. and one of the ways is defunding it you
want to destroy some system 1st defund it. then it will work people be angry they want something else that's a standard technique for them privatizing exam system. we see it in the attack on public schools. public schools are based on the principle of solidarity. i no longer have children in school their grown up but the principle of solidarity says i happily pay taxes so that the kid across the street can go to school that's normal human emotion and it drives it out of people's heads i don't have kids in school why should i pay taxes privatized it so on. the public education system all the way from kindergarten to higher education is under severe attack i mean that's one of the jewels of americans say.
go back to the golden age again the great chris period in the fifty's and sixty's a lot of that is based on free public education. and one of the results of the 2nd world war was the g.i. bill right which enabled the veterans remember that's a large part of the population to go to college they would have been able to otherwise the century got free education where in communities date or nation regularly invest a substantial share of it resources in education the investment invariably it returned in better business and a higher standard of living u.s. was way in the lead in developing extensive mass public education at every level. but now more than half the states most of the funding for the colleges comes from tuitions not from the state that's a radical change and that's
a terrible burden on students it means that students if they don't come from very wealthy families they're going to leave college with big debts and if you would think that you're trapped i mean maybe you wanted to become a public interest lawyer but you're going to have to go into a corporate law firm a tip. by the time you're part of the culture you are going to get out of it and that's true. in the troubled 19 seventies a group of killers rampage through parts of northern ireland that was coordinated loyalist attacks particularly on the catholic population in belfast tens of thousands were forced to flee their homes and what was striking about these attacks was that the r.u.c. the police actually took part in the attacks so instead of preventing it they were active participants and the burning of coal streets in belfast at the time more
than a 100 innocent civilians were unloaded as the review can seniors and we found out more i was surprised about the extent and of the currents which the pollution was involved in some of those places that killers would later be named into the now we're getting i think it went to the very very top i think if he crossed the water where all the tastes and you thought was going on and give the go ahead. all of us will hopes it has been absolutely true of a vis but say it's a behavior that appears even in death and dying babies even if you've never heard or seen love that you will love if you're sickles by a parents. and then we learn how to use this in a more complex way i'm one of the things that we learn is to have to join in with love to contagiously to love and somebody else laughs even if you don't know why
they're laughing. in the 1950 s. it was a much poorer society today but no the us could easily handle centrally free mass our education today a much richer society coins dozen of the resources for. just what's going on or. before her eyes it's the a general attack on the principles that and that i mean not only are they humane they're the basis of the prosperity and health of this society.
if you look over the history of regulation say the railroad regulation financial regulation and so on and you find that quite commonly it's it's either initiated by the economic. concentrations that are being regulated or it's supported by them and the reason is because they know that sooner or later they can take over the regulators. and it ends up with what's called regulatory capture. the business being regulated is in fact running the regulators.
bank lobbyists are actually writing the laws of financial regulation gets to that extreme. and that's been happening through history and again it's a pretty natural tendency when you just look at the distribution of power. one of the things that expanded enormously in the 1970 s. is lobbying as the business world moved sharply to try to control legislation. business where it was pretty upset by the advances in a public welfare in the sixty's and in particular by richard nixon and it's not to will understand that but he was the last new deal president and they regarded that as class treachery. and nixon's administration you get the consumer safety legislation safety and health regulations in the workplace the e.p.a.
the environmental protection agency. business didn't like it of course they didn't like that taxes. they didn't like the regulation and they began a coordinated effort to try to overcome a. lobbying sharply to increase deregulation began with the rule ferocity. there were no financial crashes in the fifty's and the sixty's because the regulatory apparatus of the new deal was still in place. as a pm to be dismantled under business pressure and political pressure. to get more and more crashes. and it goes on through the years. seventy's sort of starts begin. eighty's really takes off congress was asked to approve federal loan guarantees to the auto companies about the wand and one half
a $1000000000.00 all of this is quite safe as long as you know the government's going to come to rescue so it takes a break and instead of letting them pay the cost break and build out the banks like continental the biggest bailout of american history at the time that she ended his term with so the huge financial crisis the savings and loan crisis and the government moved in and build it out for a family that he handed it to god if a very fair lady $199.00 regulation was dismantled to separate commercial banks from investment banks. then come see bush then obama bill and bear stearns is running to the feds to stay afloat president bush today defended the decision to bail out citi group that in may and freddie macin asked for a total of renewable $1000000.00 more to sale out could get much bigger billing even in troubles for the u.s. economy. and they're building up the next term.
b. each time the taxpayer is called on to bail out of those who created the crisis increasingly the major financial institutions. in a capitalist economy you would do that in a capitalist system that would worry about the investors who made risky investments but the rich and powerful they don't want to capitalist system they want to be able to run to the nanny state as soon as they're in trouble and get billed a taxpayer it's called the too big to fail. i mean there are no will or it's an economic sue significantly disagree with the course that we're following people like just stiglitz paul krugman others none of them were even approached the people
picked to fix the crisis were those who created the robert rubin crowd the goldman sachs croak they created the crisis are no more powerful than before is that accident well not when you pick those people to create an economic plan and then what do you expect to happen. been well for the poor let market principles prevail don't expect any help from the government the government's the problem not the solution and so on that's essentially neo liberalism and it's has this dual character which goes right back in economic history one set of rules for the rich office etc rules for the poor. and nothing surprising about this exactly the dynamics you expect if the population allows it to proceed she's going to go on and on like this until the next crash
which is so much expected that credit agencies which kind of evaluate the. status of firms are now counting into their calculations the taxpayer bailout that they expect to come in after the next crash which means that the beneficiaries of these credit ratings like the big banks they can borrow money more cheaply they can push out smaller competitors and you get more and more concentration everywhere you look policies are done this way which should come as absolutely no surprise to anyone that's what happens when you put power into the hands of a narrow sector of will which will is dedicated to increasing power for itself just as you'd expect. be.
concentration of wealth yields concentration of political power. particularly so as the cost of elections skyrockets which kind of forces the political parties into the pockets of major corporations. the citizens united this was january 2009 i guess that's a very important decisions prim court decision but it has a history and you've got to think about the history. of 14th amendment has a provision that says no person's rights can be infringed without due process of law. and the intent clearly was to protect freed slaves said ok they have got the protection of the law i don't think it's ever been used for freed slaves if ever marginally almost immediately it was used for businesses corporations their rights can't be infringed without due process of law so they
gradually became persons under the law. corporations or state created legal fictions. maybe they're good maybe they're bed but to call them persons is kind of rages so they get got personal rights back about a century ago and that extended through the 20th century. as they give corporations rights way beyond what persons have so if say general motors invests in mexico they get national rights the rights of the mexican business well the notion of person was expanded to include corporations it was also restricted if you take the 14th amendment literally that no undocumented alien can be deprived of rights if they're persons. undocumented aliens who are living here and building your
buildings clear lawns and so on they're not persons. but general electric is a person. an immortal a super powerful person this perversion of the young elementary morality and the obvious meaning of the law is quite incredible. in the 1970 s. the courts decided that money is a form of speech. but the 1st value and then you won through the years to citizens united which says that the right of free speech of corporations members spend as much money they want can't be curtailed. take a look what that means it means that corporations which anyway have been pretty much buying elections are now free to do it with virtually no constraint as tremendous attack on the residue of democracy.
very interesting to read the rulings like justice kennedy's swing vote his ruling said well look at roland c.b.s. is given freedom of speech there are corp why shouldn't general electric be free to spend as much when he is they want. i mean it's true that c.b.s. has given freedom of speech but they're supposed to be performing a public service that's why that's what the press is supposed to be in general after he's trying to make money for the chief executive some of the shareholders. critical decisions and it puts the country in a position where business power is greatly extended beyond what it always was this is part of that vicious cycle the supreme court justices are put in by reactionary presidents who get in there because they're funded by business and that's the way the cycle works.
. 75 year old son were looking for a kidney reaching. 54 years old and 21 years on good role model. for a crime i didn't commit. my own stupidity was in the sun doesn't read the letters that nobody would miss. you know your new. trial was pretty much all for. the family or have them guilty even more that will. tell you nobody. not. god. not people you will learn it all. from true to me hasn't forgiven himself for something. i knew she was in there and i knew exactly what i was doing. people life.
sometimes there's no explanation. one person is killed and 5 are injured in a shooting near the federal security service building in central moscow witnesses describe the attack. had 5 or 10 minutes past 6 the gunfire began and it was not just a few shots it came in bursts you saw officers taking cover behind the cars. also this hour and a last minute attempt to disrupt russian gas supplies to europe and the u.s. senators have borne a swiss company that are pulling sanctions will be putting it out of business if it doesn't stop working on the almost completed north rim to pipeline.