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Bill Moyers in Conversation

Encore: Taming Capitalism Run Wild

Bill Moyers in Conversation

Public Square Media, Inc.

Affairs, Pbs, Public, 2016, Politics, News & Politics, Democracy, Moyers, Bill, Journal, Election

4.8599 Ratings

🗓️ 7 June 2013

⏱️ 52 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

I'm Bill Moyer. It's good to have your ear. This week on Moorers & Company,

0:07.0

Taming Capitalism Run Wild. Economist Richard Wolfe shines light on the disaster of the financial collapse

0:15.0

and how we can now battle for economic democracy.

0:18.0

Our system, capitalism, which we finally have to debate, now that it is so dysfunctional,

0:24.6

our system isn't working.

0:26.6

It isn't producing for the mass of people.

0:29.6

And an economic system is only as acceptable or should be as its performance.

0:35.6

An activist, Sarou Jaya Rahman, talks about restaurant workers fighting for a living wage.

0:40.3

It's an incredible irony that the people who put food on our tables use food stamps at twice the rate of the rest of the U.S. workforce,

0:48.3

meaning that the people who put food on our tables can't afford to put food on their own family's tables.

0:55.0

Thanks for joining us.

0:57.0

There's hardly a sin yet grown up in this country who isn't aware that our economy

1:03.0

is no longer working for vast numbers of everyday people.

1:07.0

The rich and powerful have more wealth and power than ever.

1:10.0

Everyone else keeps losing ground.

1:11.6

Between 2009 and 2011 alone, income fell for the 99% while it rose 11% for the top 1%.

1:21.6

Since the worst of the financial crisis, all of the economic growth has gone to the top 1% while the rest of the country has floundered.

1:29.3

Stunning, isn't it?

1:31.3

The behavior of many of those 1%ers brought on the financial crisis in the first place.

1:36.3

We turned around and rescued them, and now their wealth is skyrocketing once again.

1:41.3

At the bottom, working people are practically flat on their back. We talk a lot

1:46.4

about what's happening to the middle class, but the American dreams really become a nightmare

...

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