Jeremy Rifkin on U.S. Neoliberal Economics
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D.C. anchor Mike Walter interviews Jeremy Rifkin, the President of the Foundation on Economic Trends, about the fate of neoliberal economics. - From 'The Heat' July 14, 2012
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this guy is smart! i like his ideas
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Wow Mike had no clue what was going on through most of this...
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nuclear is not dying it hasnt even begun
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Ich lebe in Deutschland und habe nicht wirklich das Gefühl das seine Aussagen so zutreffen.
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...and we haven't been living off of the "savings" of the second industrial revolution, that is a grave misuse of language. Most of the world has been going into debt that will NEVER be repaid. Governments are literally borrowing money on the promise of future productivity which translates to selling off the labor of unborn fetuses. The only reason governments can fund things like going to the moon is because no one questions whether or not it is ok to make our kids debt slaves before they can understand what debt is let alone say any words at all.
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Neoliberalism is such a farce of a term. In a truly free market, monopolies don't happen. People who say that the market will run wild and, "winner take all scenarios" will ensue does not understand capitalism. State power is the true culprit of the economic crises. Large corporations use these influence to affect the change that they want to gain differential advantage over smaller companies, that is how monopolies are actually created & sustained. Derivatives and debt swapping and crazy stuff like that has nothing to do with the free market. In our crapitalist system banks have an incentive to create as much debt as possible to reap the interest as profit while putting up nothing of their own. Who got that law passed? Banks, not us. Then banks turn around and bet against their own customers in the stock market.... give me a break. WIth a stable non-fiat currency that stuff is impossible. Capitalism is not the problem, government is. The banks and large corporations own most people who hold public office.
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In short, it's Over. Mikey.
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smart man..
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1:40 He looks like Dr.Phil !
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Neoliberalism = more for the rich, less for the poor!
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Excellent information from a very smart man. I hope the USA is listening and learning.
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