TRANSFORMING CAPITALISM Part 1
The Marianne Williamson Podcast
Marianne Williamson
4.8 • 1K Ratings
🗓️ 23 August 2021
⏱️ 24 minutes
🧾️ Download transcript
Summary
This is Part One of our exploration of modern American capitalism. Our current economic model serves a small group of people at the expense of the economic security of the vast majority of Americans. Why is that true and how can we change it? Our podcast presents a rundown of how the United States has historically attempted to balance public and private interests, and how we have arrived in our current moment of wealth inequality and rampant economic injustice.
The voices you hear in this episode include:
- Stephanie Kelton: Stonybrook professor of economics and author of The Deficit Myth (@stephaniekelton)
- Matt Stoller: Research Director for the American Economic Liberties Project, and author of Goliath: The 100 Year War Between Monopoly Power and Democracy (@matthewstoller)
- Richard Wolff: Professor of Economics at The University of Massachusetts Amherst and host of Economic Update (@profwolff)
- Marshall Steinbaum: Assistant Professor of Economics at The University of Utah (@Econ_Marshall)
- Nina Turner: Former Ohio State Senator and co-chair of Bernie Sanders 2020 Presidential campaign. (@ninaturner)
- Peter Joseph: Activist, filmmaker, and author (@zeitgeistfilm)
Learn more at MarianneWilliamson.Substack.com
Transcript
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| 0:00.0 | I'm Marianne Williams and welcome to the Transform Podcast where we will examine the forces of chaos that threaten to distress |
| 0:09.0 | the acts of love that can make the whole thing transform. |
| 0:14.0 | The economic system in America today is a system of economic tyranny. |
| 0:20.0 | The economic system that prevails in America today does not just ignore the poor. |
| 0:26.0 | It does not just turn a blind eye to the poor, there is a systemic war on the poor in America. |
| 0:34.0 | And there is a reason for that. |
| 0:36.0 | And that is because the kind of capitalism that is being practiced in America today, |
| 0:41.0 | an unfettered capitalism with no sense of moral or ethical responsibility |
| 0:47.0 | to anything beyond its fiduciary responsibility to its stockholders, |
| 0:52.0 | with no sense of moral or ethical responsibility to the larger stakeholders of the workers |
| 0:58.0 | and the communities and the environment needs cheap labor. |
| 1:03.0 | It needs cheap labor. This isn't a matter of, come on guys, don't be so greedy. |
| 1:08.0 | This isn't a matter of, come on guys, don't be so selfish. |
| 1:11.0 | This is a matter of us standing up and recognizing in America we don't do aristocracy. |
| 1:19.0 | We're living at a time of historic change obviously, a time when things have to change |
| 1:24.0 | or chaos will ensue unlike anything any of us have ever seen before. |
| 1:30.0 | I think that the human race is being challenged to evolve on some very fundamental levels |
| 1:36.0 | or we will not have a sustainable future. |
| 1:41.0 | You can't talk about the forces of chaos that are pulling us apart |
| 1:45.0 | without talking about economics and you can't talk about the forces of economics |
| 1:49.0 | that are pulling us apart without talking about capitalism. |
| 1:53.0 | Get this, the richest 1% controls more wealth now than in any time in more than a half century. |
... |
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