What the 1% Don’t Want Us to Know

[Pharaoh]

This week, Bill talks with Nobel Prize-winning economist and New York Times columnist Paul Krugman, about Piketty’s “magnificent” new book.

“What Piketty’s really done now is he said, ‘Even those of you who talk about the 1 percent, you don’t really get what’s going on.’ He’s telling us that we are on the road not just to a highly unequal society, but to a society of an oligarchy. A society of inherited wealth.”

Krugman adds: “We’re seeing inequalities that will be transferred across generations. We are becoming very much the kind of society we imagined we’re nothing like.

[cantbeserious]

1. Why Is The Democratic Party (HRC - Establishment DNC 1%) Afraid Of Larry Lessig?

[freedom fighter jh]

4. Because if he succeeds

. . . he'll take Congress back from them for the people.

[truedelphi]

5. Additionally, the leadership inside both Parties wants to ensure that

There is never, not even once, a debate or discussion of any kind in which logic prevails.

Far better to have continual pandering to one or more mantras.

Everything always must be presented in terms of black and white, off and on, or "binary logic."

When the truth usually lies somewhere inside the very grey middle. (On edit - Lessig is too damn intellectual for his own good - far too often he shows his awareness of the grey of the middle. Party leaders should stand ashamed that they are clamping down on this type of person, as rather than seeing him promoted, they want to deny him even a moment in the spotlight.))

[2naSalit]

10. Well

Party leaders should stand ashamed that they are clamping down on this type of person, as rather than seeing him promoted, they want to deny him even a moment in the spotlight.

That's what they are paid to do by their owners, while they take our tax dollars in salary as well... two-fisted takers talking out both sides of their mouths. That's why they have forked tongues.

[Enthusiast]

14. +1 a whole bunch!

[think]

2. Very much worth watching. Thank you /nt

[Live and Learn]

3. K&R nt

[WillyT]

6. HUGE K & R !!! - Thank You !!!

[Thespian2]

7. Moyers and his guests

are the last remnants of intelligent discussion left in American media...

When I remember the '70's, I think of average workers who actually believed that the company was very concerned about them and wanted to protect their interests...

How inexcusably stupid we were!

[Enthusiast]

13. +100%!

[Hydra]

8. Great video

I love how they talked about the massive wealth being "invisible." I've pointed this out before here on DU, that the difference between being in the 1% and being even very well off is so far up in the sky that they may as well be on the moon. I've had some people disagree with me, but even as they claimed to be in the 2%, they still can't see it.

I spent a day with a 1% family. It was like a different world. Everything and anything they could possibly want. Laws suspended for their visit. I felt like I was in a bubble the way we commonly describe them to be- nothing about that day felt "normal."

What amazes me most after coming down from that height was that they are so fiercely protective of that lifestyle. They don't want anyone else in their big club. They regularly ruin lives to keep it exclusive and out of reach.

The RW in our party tells us we should celebrate this, and that the Gods demand more tribute.

[Enthusiast]

12. +100%!

[Plucketeer]

9. This IS great to listen to

And it points up a facet of what I've recently come to realize - that money (certainly a necessary medium for life to run smoothly) is like anything else when done to excess. It festers and effects decomposition in the ideals we strive for. These one percenters are a dire disease upon our society. They need to be reined in if we're to be the least bit comfortable in our day-to-day pursuits.

[Enthusiast]

11. K&R! This post should have hundreds of recommendations!

This is the issue of our time. If you think Bernie Sanders goes overboard on this issue you don't know what you are talking about. Actually Bernie is too restrained.

The other Democratic candidates should be emulating Bernie in no uncertain terms.

That is a problem. Lip service will not get it done this time around. We must take tangible steps to correct this right now.

[Hydra]

15. You are correct that Bernie is playing FDR

He's not going far enough, but they still hate him for trying to save their system and telling them they need the little people.

The rest of the party wants to keep going with the status quo. That's going to kill all of us.

[ancianita]

16. Clarification:this show was from April of last year, not this week. It's still important,so thanks.

[Pharaoh]

17. your right!

I cut and pasted from here

http://billmoyers.com/episode/what-the-1-dont-want-you-to-know-2/

And didn't mean to mislead....

[ancianita]

18. Not a problem at all, I just happened to run across the run date, is all.

[Utopian Leftist]

19. Aha! LOL!

I was looking around this thread frantically, trying to discover the name of Picketty's "magnificent new" book.

Of course, he's referring to Capital in the Twenty-First Century by Thomas Picketty, which came out last year, which is considered a watershed book on economics. I couldn't imagine he'd release anything significant again so soon after that master-work.