Valuetainment - Episode 480： Heated Debate On Capitalism with America’s Most Prominent Marxist Economist

00:00:00.000 30 seconds.

00:00:01.760 Did you ever think you would make it?

00:00:04.220 I feel I'm so close I could take sweet victory.

00:00:07.640 I know this life meant for me.

00:00:10.740 Yeah, why would you bet on Goliath when we got Bet David?

00:00:14.580 Valuetainment, giving values contagious.

00:00:16.440 This world of entrepreneurs, we get no value to haters.

00:00:19.160 Now they run, homie, look what I become.

00:00:21.400 I'm the one.

00:00:22.480 I'm Patrick Bedevi, host of ITM, and today we're sitting down with Richard Wolff,

00:00:25.420 very, very prominent professor, Marxist professor,

00:00:28.200 who believes in socialism, devout socialists, love socialists,

00:00:31.860 hates capitalism, and this one got very heated.

00:00:35.700 Richard, thanks for being a guest on Valuetainment.

00:00:38.100 My pleasure.

00:00:38.900 Thanks for inviting me.

00:00:40.320 So, Richard, I mean, the short name for Richard is rich.

00:00:43.720 Why does rich hate rich people?

00:00:45.520 What is it with you, Rich?

00:00:46.460 I'm trying to figure you out.

00:00:48.340 Actually, I don't hate rich people.

00:00:49.980 Some of my best friends are rich people.

00:00:52.240 If you go to Harvard and Yale, you're surrounded by rich people,

00:00:55.780 even if I didn't want to have them as friends,

00:00:58.300 I would have had little choice in those places.

00:01:01.600 No, it's for me, the problem is not the individual.

00:01:04.160 The problem is the system.

00:01:06.080 And so I don't hate rich people at all.

00:01:08.440 I feel kind of sad for them because they've worked many cases quite hard

00:01:12.760 to get to be rich, imagining that that's what life is about,

00:01:16.500 and then they get very disappointed along the way,

00:01:19.400 and after three martinis, they tell me all about it.

00:01:21.980 So you think they're working too hard and they're not enjoying life,

00:01:25.660 and because of that, you know, they would be much happier if they worked less.

00:01:28.960 That's what you think.

00:01:30.300 Among other things, yeah, I think they'd be happier not only if they worked less,

00:01:34.520 but if the kind of work they did and the kind of relationships they have

00:01:38.260 with other people in that work were different,

00:01:40.980 they'd be an awful lot happier.

00:01:42.880 And that's not just my opinion.

00:01:44.320 That's what they've told me.

00:01:45.740 So let me ask you this.

00:01:47.100 A lot of times in life, like for myself,

00:01:49.200 obviously we were just talking about the painting behind me,

00:01:51.860 many times when you go back and you see somebody,

00:01:54.700 how they formed their opinions,

00:01:56.080 there is a certain trail on how they got to it, right?

00:01:58.840 How did you get to the opinions and beliefs that you have today?

00:02:03.020 If you can go back and talk about,

00:02:04.960 I was raised in a family, here's my mom and dad,

00:02:07.360 this is what happened to me at this age,

00:02:08.780 I kind of want to know the underlying motivation

00:02:11.020 that led you to believe in what you believe in today.

00:02:12.960 Well, sure, I can give you some of the milestones,

00:02:16.800 at least as best I've been able to make them out.

00:02:20.320 I grew up, I was born in Ohio in the Midwest.

00:02:23.900 My father worked in a steel factory in Youngstown, Ohio.

00:02:28.200 But when I was five years old, we moved east

00:02:31.280 and we settled in a suburb of New York City called New Rochelle,

00:02:35.640 you may know it.

00:02:37.060 And it was a commuter town.

00:02:40.020 My father took the train into New York City every day,

00:02:43.100 worked like really hard in the city,

00:02:46.580 came home in the evening.

00:02:48.160 Most of the people in New Rochelle were commuters like him.

00:02:52.920 And so the train took about 35 minutes

00:02:55.180 to get from New Rochelle into Grand Central Station.

00:02:58.980 And when I went with my father, very important,

00:03:01.760 we would pass on this train through Harlem,

00:03:06.700 that part of New York City.

00:03:09.240 And, you know, looking like as a youngster,

00:03:11.180 looking out the window,

00:03:12.220 it was very easy for me to see two things.

00:03:15.060 One, the people whose apartments, by the way,

00:03:18.020 were often no more than four, five, six feet

00:03:20.540 from where the train passed.

00:03:23.200 I could see into their apartments

00:03:25.180 because that's where the level of the train was.

00:03:27.660 And I could see two things.

00:03:29.060 One, that they were very poor.

00:03:31.520 And number two, that they were black.

00:03:34.000 These were very clear signs.

00:03:35.920 Even a little kid could figure that out.

00:03:38.380 And so I asked my father,

00:03:41.020 what is that?

00:03:42.320 Why are those people living like that?

00:03:45.560 And my father, who was mostly a distant father

00:03:48.820 and didn't give me all that much time,

00:03:52.060 somehow felt that this was an important question

00:03:55.520 and gave me a level of attention and concern

00:04:00.620 that I'm sure was the most valuable thing

00:04:03.540 about all of this.

00:04:05.040 But he also explained to me

00:04:06.620 that we live in a society

00:04:08.040 which is fundamentally unfair

00:04:10.760 to an awful lot of people.

00:04:13.480 And for example,

00:04:14.920 those poor people living crowded

00:04:17.140 in those not real nice looking apartments,

00:04:20.260 those are among the kinds of people

00:04:22.960 that are not well treated,

00:04:25.480 not given a fair shake in life.

00:04:28.660 And I listened to him the way a child does.

00:04:32.180 But, you know, I went with him fairly often.

00:04:34.180 He did take me-

00:04:34.820 How old were you at that time

00:04:35.800 when he told you this?

00:04:36.520 I'm curious.

00:04:36.920 I would say I was probably 9, 10, 11 years of age.

00:04:41.660 Very interesting.

00:04:42.700 Yeah.

00:04:43.620 And, you know,

00:04:45.220 I think I half understood

00:04:47.000 what he was talking about.

00:04:48.580 I loved the attention.

00:04:50.580 And so, you know,

00:04:52.200 the way children do,

00:04:53.340 the next time we went into New York,

00:04:54.780 I made sure at around the same time

00:04:56.780 to ask a variation of the same question

00:04:59.740 so that we would have this conversation,

00:05:02.040 which I very much enjoyed.

00:05:04.560 And then, you know,

00:05:05.260 as I grew older,

00:05:06.160 I began to get interested

00:05:07.480 in basically understanding,

00:05:10.460 you know,

00:05:10.940 the basic questions came to me.

00:05:13.100 Why are some nations rich

00:05:14.820 and other ones poor?

00:05:16.140 Why are some people rich

00:05:17.800 and others poor?

00:05:19.060 Why is the quality of life so different?

00:05:22.060 New Rochelle is a suburb

00:05:23.460 that has very poor

00:05:25.100 and very rich people

00:05:26.540 and a good number in between.

00:05:28.300 So I was constantly reinforced

00:05:30.480 in asking that kind of question.

00:05:33.420 Now, your pops,

00:05:34.420 who was your dad's inspiration?

00:05:37.360 Like, if I were to ask,

00:05:38.760 who was your dad's favorite president?

00:05:40.640 Would you say FDR?

00:05:42.060 Would you say,

00:05:43.100 who was somebody that he admired

00:05:45.060 and he liked?

00:05:47.020 I'm trying to think.

00:05:48.460 I think the first person in this country,

00:05:50.480 he was an immigrant.

00:05:51.260 Let me go back.

00:05:52.880 I was born in the United States.

00:05:54.840 Got it.

00:05:55.160 But neither my father

00:05:56.600 nor my mother were.

00:05:58.160 My father was French

00:05:59.500 and my mother was German.

00:06:01.740 So I grew up speaking French and German.

00:06:04.200 Nice.

00:06:04.440 I only learned English

00:06:05.540 when they put me in the kindergarten

00:06:07.000 and I had to speak it.

00:06:08.560 So the first person my father

00:06:11.340 I remember speaking highly of

00:06:13.280 was Franklin Delano Roosevelt.

00:06:15.940 That person loomed large

00:06:17.860 as a political leader

00:06:19.840 who my father felt

00:06:21.400 gave a damn about the average person,

00:06:24.680 did a lot of things

00:06:25.980 to help people

00:06:26.880 in a very hard time,

00:06:28.620 the Great Depression.

00:06:30.320 And I remember hearing him

00:06:32.860 talk very glowingly about FDR.

00:06:37.180 Now, when you think about that,

00:06:39.520 when you say FDR,

00:06:40.960 so for you,

00:06:41.940 you've had your belief system

00:06:43.720 since you were nine years old.

00:06:44.940 It's not like you're somebody

00:06:46.100 where you say,

00:06:47.000 I used to be a Republican.

00:06:48.720 My parents were Republicans

00:06:49.980 and I decided I realized

00:06:52.140 that's not the way to go.

00:06:53.460 So I went and studied

00:06:54.700 and then I became a socialist

00:06:55.900 because I met a professor.

00:06:57.500 You had this belief system

00:06:58.720 for 60-some years.

00:06:59.960 You've had it for a long time.

00:07:01.500 I've had the belief system

00:07:02.680 for a long time,

00:07:03.560 but I've also entertained

00:07:04.860 other belief systems.

00:07:06.760 Partly, again,

00:07:07.500 my father and my mother

00:07:08.880 were very open-minded.

00:07:10.380 They did not want me

00:07:11.520 to be a parrot.

00:07:12.640 They did not want me to parrot

00:07:13.940 even their perspectives.

00:07:15.940 So in my home,

00:07:17.300 there hangs a photograph

00:07:18.360 of my first political act,

00:07:21.160 which is standing

00:07:22.320 at the commuter train station

00:07:23.900 in New Rochelle, New York,

00:07:25.960 holding a sign that read,

00:07:27.980 I like Ike,

00:07:30.960 which was actually Eisenhower

00:07:32.980 in the Republican race

00:07:34.360 for president.

00:07:35.960 And, you know,

00:07:36.600 I had no problem doing that

00:07:38.480 with my friends

00:07:39.660 and my parents.

00:07:41.260 They did ask me questions

00:07:42.940 why I was doing it,

00:07:44.620 but I told them why

00:07:45.760 and that was my business

00:07:47.380 to determine.

00:07:48.640 So they've been very good

00:07:49.720 about that.

00:07:50.360 I've never felt,

00:07:52.100 and I did the same

00:07:52.860 with my two kids.

00:07:53.860 It's not my job

00:07:55.620 to shape your political ideas.

00:07:58.100 I'm sure some of that happens

00:07:59.360 no matter what we do.

00:08:00.620 Sure, of course.

00:08:01.580 But otherwise,

00:08:03.860 I don't think that's appropriate

00:08:06.240 any more than telling you

00:08:07.180 what religious affiliation

00:08:09.060 you ought to have

00:08:09.720 or anything like that.

00:08:10.640 Do your kids have

00:08:11.460 the same political beliefs

00:08:12.440 as you?

00:08:12.800 I don't know

00:08:14.880 if they're the same.

00:08:16.300 In the way America works,

00:08:18.060 they'd be left of center,

00:08:20.060 but they're not the same.

00:08:21.460 They're not the same.

00:08:21.740 So they're not as left

00:08:22.740 as you may be,

00:08:23.460 but they're left of center.

00:08:25.260 They're left of center.

00:08:26.720 My son,

00:08:27.700 much less left.

00:08:28.880 My daughter,

00:08:30.080 closer to me.

00:08:31.420 Okay.

00:08:32.440 How old were you

00:08:33.240 the first time

00:08:33.780 you read Communist Manifesto?

00:08:35.100 16 or 17.

00:08:39.660 So did a schoolteacher give it

00:08:41.280 or did your pops

00:08:42.040 or mom say read the book?

00:08:43.840 My father told me

00:08:45.820 this is an important book

00:08:47.640 for you to read.

00:08:49.040 Given your interests,

00:08:50.240 given your questions,

00:08:51.800 given our conversations,

00:08:54.740 you know,

00:08:55.060 here you're getting something

00:08:56.760 that is very European.

00:08:58.560 For someone who's been through

00:08:59.940 the European school system,

00:09:01.980 That's a weird thing.

00:09:03.220 The American system

00:09:04.900 was a continuing shock.

00:09:07.560 Yeah.

00:09:07.760 The fact that I,

00:09:08.980 get an example.

00:09:10.420 When I was young,

00:09:12.180 when I went to high school,

00:09:13.780 ninth grade,

00:09:14.600 the first time,

00:09:15.380 the way high school is set up

00:09:16.500 in New York State,

00:09:18.380 my father asked me

00:09:19.520 about my classes

00:09:20.700 in Latin and Greek.

00:09:23.860 So I answered my father,

00:09:26.140 there are no classes

00:09:27.340 in Latin and Greek

00:09:28.900 in my high school.

00:09:30.720 He didn't believe me.

00:09:32.540 He said,

00:09:33.320 oh, you must be mistaken.

00:09:34.400 And the next day,

00:09:35.480 he went into the school

00:09:36.660 with me,

00:09:38.320 barged right into

00:09:39.240 the principal's office.

00:09:41.300 He was polite

00:09:42.100 and all that,

00:09:42.800 but he said,

00:09:43.380 look,

00:09:43.540 I want to talk to you

00:09:44.460 about Latin and Greek.

00:09:46.480 And the principal

00:09:47.340 was a very nice guy.

00:09:48.800 The principal,

00:09:49.220 he brought me in there,

00:09:50.260 so I,

00:09:50.640 of course,

00:09:50.840 had to be witness

00:09:51.520 to all this.

00:09:52.900 The principal said,

00:09:54.240 we have never taught Greek

00:09:55.460 in this high school,

00:09:56.420 at least in the years

00:09:57.320 I've been the principal.

00:09:58.360 and we don't teach Latin

00:10:01.080 unless four or more parents,

00:10:05.260 four or more sets of parents

00:10:07.140 were to demand it.

00:10:09.320 Four or more?

00:10:10.500 Four or more.

00:10:11.780 If four or more want it,

00:10:14.520 we will get a part-time teacher

00:10:16.920 to offer it.

00:10:18.080 My father then went around,

00:10:20.660 found another three parents,

00:10:23.180 and I learned Latin in school,

00:10:25.420 but in a class of four students,

00:10:27.580 because there were only

00:10:29.080 that many parents.

00:10:30.540 I mean,

00:10:30.720 my father stopped

00:10:31.440 when he got four,

00:10:32.820 but that's how I learned.

00:10:34.460 My father was always

00:10:35.640 of the opinion

00:10:36.440 that what was offered to

00:10:39.240 and expected of

00:10:40.240 American high school students

00:10:41.880 was a scandal.

00:10:43.780 It was not serious.

00:10:45.200 For example,

00:10:46.880 he gave me Plato

00:10:47.940 and Aristotle to read.

00:10:49.920 He gave me St. Augustine

00:10:51.680 and Thomas Aquinas.

00:10:53.080 We're not Catholic.

00:10:54.240 It had nothing to do with that.

00:10:55.920 But he felt

00:10:56.940 that an educated human being

00:10:59.000 needs exposure

00:11:00.840 to these great works,

00:11:03.060 and he was aghast

00:11:05.120 that the high school

00:11:06.260 made no effort.

00:11:07.600 Now, let me ask you,

00:11:08.420 how old were you

00:11:08.960 the first time you read

00:11:09.740 Wealth of Nations

00:11:10.600 or Atlas Shrugged?

00:11:13.000 That was college.

00:11:14.120 That would have been

00:11:14.860 three or four years later.

00:11:16.980 I read Adam Smith

00:11:18.740 basically because

00:11:20.820 I had a class,

00:11:22.000 a freshman class

00:11:23.060 at Harvard

00:11:23.620 that gave me,

00:11:24.960 you know,

00:11:25.240 a few selected readings.

00:11:26.740 I don't know,

00:11:27.080 30, 40 pages worth of it.

00:11:29.480 I found that so intriguing

00:11:31.340 and so interesting

00:11:32.660 because it was my question.

00:11:34.760 Why are some,

00:11:35.660 you know,

00:11:35.980 why are wealthy,

00:11:37.000 the Wealth of Nations?

00:11:37.860 Why do some have it

00:11:38.660 and some don't?

00:11:39.560 Yeah.

00:11:39.920 It was a book

00:11:41.080 that entranced me.

00:11:42.480 I liked it.

00:11:43.840 I learned from it.

00:11:45.460 I've had respect

00:11:46.240 for that work

00:11:47.200 all my life

00:11:48.540 and right to this moment.

00:11:51.400 So that's when

00:11:52.600 I encountered that.

00:11:54.360 So when you read

00:11:55.500 Wealth of Nations

00:11:56.280 and you read

00:11:57.280 Atlas Shrugged

00:11:59.680 by Ayn Rand

00:12:00.400 both times

00:12:01.160 when you were in college,

00:12:02.840 did you at that point

00:12:04.300 start debating

00:12:05.100 the teacher?

00:12:05.820 Did you kind of

00:12:06.440 start defending

00:12:07.260 more philosophies

00:12:09.140 that were more

00:12:09.960 from the altruism

00:12:11.700 more from the Karl Marx side

00:12:13.340 or were you

00:12:13.720 were you a debate guy

00:12:14.860 from the moment

00:12:15.540 you started reading

00:12:16.220 these books

00:12:16.640 or was it more just like

00:12:17.540 oh wow interesting

00:12:18.240 let me see what this is about?

00:12:20.160 No, I think I was

00:12:21.200 more of a debater type.

00:12:22.760 I wanted to fight

00:12:24.160 but to be real honest

00:12:25.740 with you

00:12:26.320 and I'm assuming

00:12:27.380 that's what you want

00:12:28.480 my teachers

00:12:30.620 could not

00:12:32.040 or would not

00:12:33.360 answer

00:12:34.540 more and more

00:12:35.540 of my questions

00:12:36.420 as I became

00:12:37.140 a sophomore

00:12:37.680 and a junior

00:12:38.360 and a senior

00:12:38.940 in college

00:12:39.640 and I could tell

00:12:41.220 because these were

00:12:42.220 sometimes teachers

00:12:43.060 I liked

00:12:43.720 sometimes teachers

00:12:44.900 I didn't like

00:12:45.740 on a personal level

00:12:46.800 but I could see

00:12:48.360 that they couldn't

00:12:49.780 answer my questions

00:12:50.980 either

00:12:51.560 because they didn't

00:12:53.160 know

00:12:53.640 what it was

00:12:54.540 I was asking

00:12:55.340 or

00:12:56.720 they knew

00:12:58.100 but it was

00:12:59.580 frightening

00:13:00.040 or scaring

00:13:00.980 them

00:13:01.980 to go into it.

00:13:03.480 I could tell

00:13:04.320 in some cases

00:13:05.200 which of those

00:13:05.860 it was

00:13:06.420 in others

00:13:07.140 I just guessed

00:13:08.080 but the level

00:13:09.660 of discomfort

00:13:10.640 that my questions

00:13:11.980 would provoke

00:13:12.880 made me back off

00:13:15.040 just as a

00:13:15.660 I didn't want to

00:13:16.420 make these people's

00:13:17.300 lives unpleasant

00:13:18.220 as I say

00:13:19.120 some of these

00:13:19.680 were teachers

00:13:20.220 I liked

00:13:20.760 and I learned from

00:13:21.780 I didn't want to

00:13:22.840 be a pain

00:13:23.400 in their rear end

00:13:24.460 but I could see

00:13:26.000 that my questions

00:13:27.140 put them in a

00:13:28.140 very uncomfortable

00:13:29.480 place

00:13:30.180 so what I did

00:13:31.840 was

00:13:32.340 I didn't pursue it

00:13:34.440 I would ask a question

00:13:35.720 I tried to make it

00:13:37.340 worded in a way

00:13:38.640 that wasn't

00:13:39.180 confrontational

00:13:40.200 and then when I got

00:13:41.740 a very dissatisfying

00:13:43.260 answer

00:13:43.740 or no answer

00:13:44.620 at all

00:13:45.180 I would literally

00:13:46.960 and I mean this

00:13:47.680 I would run

00:13:48.660 to the library

00:13:49.780 at the end

00:13:50.860 of the class

00:13:51.620 bury myself

00:13:52.960 in the library

00:13:53.760 the way few

00:13:54.420 other students

00:13:55.100 did

00:13:55.540 and read

00:13:57.980 myself silly

00:13:59.120 trying to work

00:14:00.160 out

00:14:00.540 what a good

00:14:01.300 answer

00:14:01.840 to that

00:14:02.260 question

00:14:02.720 would have

00:14:03.440 been

00:14:03.860 that the

00:14:04.680 teacher

00:14:05.000 was unable

00:14:06.200 or unwilling

00:14:07.680 to do

00:14:08.760 so the opposite

00:14:09.900 answer of yours

00:14:11.100 not your

00:14:11.740 answer

00:14:12.200 so meaning

00:14:12.860 the answer

00:14:13.400 to the question

00:14:14.040 you were asking

00:14:14.760 as if

00:14:16.220 if the teacher

00:14:16.720 was to answer

00:14:17.280 your question

00:14:17.720 that they

00:14:18.040 didn't have

00:14:18.620 you'd go try

00:14:19.460 to find the

00:14:19.940 answer that

00:14:20.360 they should

00:14:20.940 have given

00:14:21.300 that's right

00:14:22.220 okay

00:14:22.720 exactly what

00:14:23.400 I tried to do

00:14:24.160 but to be

00:14:25.740 fair

00:14:26.100 I don't want

00:14:26.900 to misspeak

00:14:29.020 here

00:14:29.280 there were

00:14:29.900 also cases

00:14:30.800 where

00:14:31.460 the teacher

00:14:33.740 did give me

00:14:34.420 an answer

00:14:34.980 or kind of

00:14:35.640 dismissed

00:14:36.140 my question

00:14:37.000 that got me

00:14:38.120 even more

00:14:38.740 upset

00:14:39.100 and then I

00:14:39.780 went to

00:14:40.180 the library

00:14:40.900 to reinforce

00:14:42.220 my sense

00:14:43.540 that I had

00:14:45.340 a point

00:14:45.820 to make

00:14:46.300 here

00:14:46.600 I had

00:14:47.120 there was

00:14:47.720 some validity

00:14:48.360 to what

00:14:48.860 I was saying

00:14:49.640 and then I

00:14:50.540 would learn

00:14:51.120 that I was

00:14:51.680 wrong in

00:14:52.160 some areas

00:14:52.820 right in

00:14:53.360 others

00:14:53.740 but you know

00:14:55.220 you get

00:14:55.700 better educated

00:14:56.520 if you're

00:14:57.060 driven like

00:14:57.680 that

00:14:57.880 if something

00:14:58.320 is really

00:14:58.780 important to

00:14:59.500 you

00:14:59.740 you kind

00:15:00.460 of read

00:15:00.760 the article

00:15:01.320 or you

00:15:01.620 read the

00:15:02.060 book in

00:15:02.420 a different

00:15:02.820 way

00:15:03.320 from what

00:15:04.460 you do

00:15:04.800 if it's

00:15:05.140 just an

00:15:05.440 assignment

00:15:05.900 in a

00:15:06.280 course

00:15:06.640 you're an

00:15:07.160 April 1st

00:15:07.740 baby

00:15:08.020 I mean

00:15:08.340 it makes

00:15:08.940 sense

00:15:09.360 you know

00:15:09.680 as an

00:15:09.960 April 1st

00:15:10.400 my dad

00:15:10.760 is April

00:15:11.140 10th

00:15:11.680 and my

00:15:12.440 former COO

00:15:13.700 was April

00:15:14.300 12th

00:15:15.560 and my

00:15:15.820 best friend

00:15:16.340 from the

00:15:16.660 army is

00:15:17.000 April 9th

00:15:17.660 you guys

00:15:17.980 are wired

00:15:18.580 in a very

00:15:20.280 interesting way

00:15:21.100 I hire

00:15:21.720 April babies

00:15:22.760 because I love

00:15:23.360 them

00:15:23.440 you know

00:15:23.620 it's interesting

00:15:24.000 you say that

00:15:24.420 when I was

00:15:24.740 a kid

00:15:25.000 in Iran

00:15:25.480 my mom

00:15:26.580 and dad

00:15:26.820 would put

00:15:27.180 me in

00:15:27.480 Bible study

00:15:28.440 in Christian

00:15:29.260 Sunday school

00:15:30.100 and I would

00:15:31.040 always get

00:15:31.420 kicked out

00:15:31.820 of Sunday

00:15:32.200 school

00:15:32.620 and because

00:15:33.400 I would

00:15:33.680 ask the

00:15:34.020 weird

00:15:34.200 questions

00:15:34.620 I said

00:15:34.920 if God

00:15:35.200 loves us

00:15:35.580 so much

00:15:35.880 why do

00:15:36.120 we get

00:15:36.360 bombed

00:15:36.720 why do

00:15:36.980 we

00:15:37.200 so many

00:15:37.840 people

00:15:38.020 died

00:15:38.340 you know

00:15:38.580 and they

00:15:38.740 had a

00:15:38.920 hard time

00:15:39.300 with me

00:15:39.600 they would

00:15:39.800 say sir

00:15:40.140 you got

00:15:40.400 to keep

00:15:40.620 your son

00:15:40.960 out of

00:15:41.240 this

00:15:41.380 because

00:15:41.600 he's

00:15:41.800 confusing

00:15:42.200 the

00:15:42.380 other

00:15:42.540 kids

00:15:42.940 so I

00:15:43.620 was an

00:15:43.820 atheist

00:15:44.100 for 25

00:15:44.600 years

00:15:44.880 of my

00:15:45.080 life

00:15:45.260 but let's

00:15:45.580 let's

00:15:45.800 go back

00:15:46.140 to a

00:15:46.600 part

00:15:46.880 that you

00:15:47.160 brought

00:15:47.400 up

00:15:47.660 you said

00:15:48.560 your dad

00:15:49.180 was a

00:15:49.720 distant

00:15:50.120 father

00:15:50.560 meaning

00:15:50.820 he did

00:15:51.160 his best

00:15:51.540 but he

00:15:51.800 was a

00:15:52.040 hard worker

00:15:53.240 so when

00:15:54.120 you did

00:15:54.480 drive up

00:15:54.960 to Harlem

00:15:55.400 with him

00:15:55.800 you used

00:15:56.160 that as

00:15:56.400 an

00:15:56.520 opportunity

00:15:56.980 to ask

00:15:57.700 more

00:15:58.320 questions

00:15:58.860 looking

00:15:59.800 back

00:16:00.560 did you

00:16:01.600 did a

00:16:02.380 part of

00:16:02.880 your

00:16:03.020 motivation

00:16:03.580 come from

00:16:04.040 a place

00:16:04.580 where you

00:16:04.880 read a

00:16:05.280 book

00:16:05.480 and you

00:16:05.800 said

00:16:06.100 you know

00:16:06.940 what

00:16:07.140 if my

00:16:07.500 dad

00:16:07.860 didn't

00:16:08.260 have to

00:16:08.620 work

00:16:08.860 as

00:16:09.060 hard

00:16:09.260 as

00:16:09.420 he

00:16:09.580 did

00:16:09.980 I

00:16:10.600 probably

00:16:11.100 would

00:16:11.380 have

00:16:11.480 been

00:16:11.600 able

00:16:11.740 to

00:16:11.900 spend

00:16:12.080 more

00:16:12.320 time

00:16:12.640 with

00:16:12.840 him

00:16:12.940 did

00:16:13.140 you

00:16:13.240 ever

00:16:13.540 process

00:16:14.020 it

00:16:14.200 that

00:16:14.400 way

00:16:14.640 or

00:16:14.820 no

00:16:15.100 yes

00:16:15.820 I

00:16:16.000 did

00:16:16.240 I

00:16:16.780 was

00:16:17.220 aware

00:16:17.860 I

00:16:19.860 was

00:16:20.040 aware

00:16:20.480 I

00:16:20.760 don't

00:16:21.080 remember

00:16:21.420 whether

00:16:21.660 this

00:16:21.940 happened

00:16:22.240 to

00:16:22.440 me

00:16:22.640 this

00:16:22.880 recognition

00:16:23.460 that

00:16:23.720 you

00:16:23.860 point

00:16:24.160 to

00:16:24.420 in

00:16:24.920 college

00:16:25.380 or

00:16:25.800 in

00:16:26.000 graduate

00:16:26.360 school

00:16:26.820 but

00:16:27.080 one

00:16:27.620 or

00:16:27.760 the

00:16:27.920 other

00:16:28.300 I

00:16:28.900 had

00:16:29.120 a

00:16:29.300 very

00:16:29.920 very

00:16:30.520 clear

00:16:31.000 sense

00:16:31.560 and

00:16:32.500 I

00:16:32.640 became

00:16:33.020 a

00:16:33.240 little

00:16:33.460 bit

00:16:33.860 psychologically

00:16:35.140 self

00:16:35.880 aware

00:16:36.300 I

00:16:37.040 should

00:16:37.240 put

00:16:37.480 in

00:16:37.640 parentheses

00:16:38.180 my

00:16:38.980 wife

00:16:39.360 is

00:16:39.540 a

00:16:39.720 psychotherapist

00:16:40.660 and

00:16:41.160 my

00:16:41.380 daughter

00:16:41.720 is

00:16:42.100 also

00:16:42.700 a

00:16:43.240 psychotherapist

00:16:43.880 beautiful

00:16:44.260 so

00:16:44.720 I

00:16:44.880 am

00:16:45.080 surrounded

00:16:45.580 by

00:16:46.060 I've

00:16:46.640 been

00:16:46.800 tutored

00:16:47.200 in

00:16:47.460 psychological

00:16:48.060 understanding

00:16:49.220 for many

00:16:50.040 many

00:16:50.320 years

00:16:50.840 by two

00:16:51.340 people

00:16:51.680 who are

00:16:52.080 very

00:16:52.300 close

00:16:52.640 to

00:16:52.800 me

00:16:52.980 but

00:16:53.440 in

00:16:53.620 any

00:16:53.860 case

00:16:54.200 yes

00:16:54.940 I

00:16:55.240 had

00:16:55.500 a

00:16:55.700 sense

00:16:56.080 that

00:16:56.760 my

00:16:57.000 father

00:16:57.620 as

00:16:58.900 an

00:16:59.060 immigrant

00:16:59.380 here

00:16:59.740 in

00:16:59.860 the

00:16:59.960 United

00:17:00.240 States

00:17:00.840 had

00:17:01.740 had

00:17:02.000 to

00:17:02.180 work

00:17:02.440 very

00:17:02.860 very

00:17:03.120 hard

00:17:03.560 all

00:17:04.560 of

00:17:04.720 his

00:17:04.900 education

00:17:05.500 in

00:17:05.840 Europe

00:17:06.160 all

00:17:06.640 of

00:17:06.780 his

00:17:06.960 connections

00:17:07.560 all

00:17:08.480 of

00:17:08.600 that

00:17:08.760 was

00:17:08.980 gone

00:17:09.520 all

00:17:10.040 of

00:17:10.160 that

00:17:10.300 was

00:17:10.480 left

00:17:10.760 behind

00:17:11.320 when

00:17:11.580 he

00:17:11.720 came

00:17:12.000 here

00:17:12.380 he

00:17:12.980 really

00:17:13.240 had

00:17:13.480 to

00:17:13.660 start

00:17:13.980 from

00:17:14.360 nothing

00:17:14.760 he

00:17:16.240 worked

00:17:16.680 his

00:17:17.000 rear

00:17:17.360 end

00:17:17.680 off

00:17:18.040 I

00:17:18.660 do

00:17:18.860 believe

00:17:19.340 not

00:17:19.620 to

00:17:19.780 be

00:17:19.920 dramatic

00:17:20.340 that

00:17:21.080 the

00:17:21.260 heart

00:17:21.460 attack

00:17:21.780 that

00:17:21.980 finally

00:17:22.360 killed

00:17:22.740 him

00:17:22.940 was

00:17:23.480 not

00:17:23.820 unconnected

00:17:24.780 to

00:17:24.960 the

00:17:25.180 anxieties

00:17:25.940 of

00:17:26.260 making

00:17:26.600 it

00:17:26.840 here

00:17:27.180 to

00:17:27.620 the

00:17:27.780 insufficiency

00:17:28.480 of

00:17:28.800 money

00:17:29.300 so

00:17:29.940 yes

00:17:30.280 I

00:17:30.480 had

00:17:30.640 a

00:17:30.840 personal

00:17:31.320 way

00:17:31.860 of

00:17:32.380 feeling

00:17:32.700 that

00:17:32.980 this

00:17:33.260 system

00:17:33.780 had

00:17:34.260 not

00:17:34.580 treated

00:17:34.940 my

00:17:35.300 father

00:17:35.820 or

00:17:36.420 my

00:17:36.700 mother

00:17:37.100 very

00:17:38.680 well

00:17:39.120 we

00:17:39.520 were

00:17:39.680 always

00:17:40.020 as

00:17:40.240 a

00:17:40.380 family

00:17:40.720 grateful

00:17:41.260 that

00:17:41.920 they

00:17:42.100 could

00:17:42.280 leave

00:17:42.620 Europe

00:17:42.940 and

00:17:43.240 survive

00:17:43.740 and

00:17:43.960 come

00:17:44.200 here

00:17:44.520 and

00:17:44.940 my

00:17:45.120 parents

00:17:45.520 had

00:17:46.060 an

00:17:46.580 appreciation

00:17:47.200 for

00:17:48.120 the

00:17:48.280 United

00:17:48.600 States

00:17:49.160 because

00:17:49.840 it

00:17:50.040 had

00:17:50.220 saved

00:17:50.580 them

00:17:50.860 the

00:17:51.040 way

00:17:51.200 many

00:17:51.500 others

00:17:51.900 in

00:17:52.120 their

00:17:52.260 family

00:17:52.660 had

00:17:52.900 not

00:17:53.140 been

00:17:53.360 saved

00:17:53.740 but

00:17:54.400 having

00:17:54.680 said

00:17:55.000 that

00:17:55.280 and

00:17:55.460 not

00:17:55.680 denying

00:17:56.160 it

00:17:56.460 the

00:17:57.260 level

00:17:57.500 of

00:17:57.660 education

00:17:58.300 and

00:17:58.760 the

00:17:58.940 level

00:17:59.180 of

00:17:59.420 work

00:17:59.700 imposed

00:18:00.200 on

00:18:00.440 people

00:18:00.820 to

00:18:01.360 even

00:18:01.600 scratch

00:18:02.320 out

00:18:02.780 a

00:18:03.500 basic

00:18:03.880 living

00:18:04.320 I

00:18:06.240 think

00:18:06.480 it

00:18:06.620 killed

00:18:09.120 it

00:18:09.320 made

00:18:09.580 him

00:18:09.820 less

00:18:10.300 productive

00:18:11.200 to

00:18:11.940 this

00:18:12.260 country

00:18:12.700 than

00:18:13.140 he

00:18:13.300 could

00:18:13.580 have

00:18:13.820 been

00:18:14.180 if

00:18:14.700 he

00:18:14.860 were

00:18:15.120 not

00:18:15.460 treated

00:18:15.780 the

00:18:16.020 way

00:18:16.180 he

00:18:16.380 had

00:18:16.640 been

00:18:16.940 how

00:18:17.420 old

00:18:17.680 were

00:18:17.840 you

00:18:17.940 when

00:18:18.060 he

00:18:18.180 passed

00:18:18.440 away

00:18:18.780 let

00:18:20.780 me

00:18:20.900 see

00:18:21.100 he

00:18:21.320 died

00:18:21.600 in

00:18:21.760 1931

00:18:23.540 you

00:18:24.500 oh

00:18:24.720 you

00:18:24.940 were

00:18:25.100 31

00:18:25.420 so

00:18:25.640 you

00:18:25.780 were

00:18:25.940 young

00:18:26.240 when

00:18:26.420 you

00:18:26.540 passed

00:18:26.820 away

00:18:27.080 early

00:18:28.000 okay

00:18:28.340 I

00:18:28.700 can

00:18:28.880 see

00:18:29.320 how

00:18:29.440 that

00:18:29.560 can

00:18:29.680 be

00:18:29.800 a

00:18:29.900 painful

00:18:30.100 experience

00:18:30.560 but

00:18:31.380 let

00:18:31.760 me

00:18:31.840 ask

00:18:32.060 you

00:18:32.160 this

00:18:32.340 would

00:18:32.680 you

00:18:32.820 consider

00:18:33.260 yourself

00:18:33.600 a

00:18:33.740 hard

00:18:33.920 working

00:18:34.200 man

00:18:34.460 would

00:18:34.660 you

00:18:34.760 say

00:18:34.900 you're

00:18:35.040 a

00:18:35.080 hard

00:18:35.220 working

00:18:35.440 person

00:18:35.860 yes

00:18:36.600 I

00:18:36.840 am

00:18:37.020 referred

00:18:37.360 to

00:18:37.600 by

00:18:37.800 most

00:18:38.060 of

00:18:38.180 the

00:18:38.300 people

00:18:38.540 who

00:18:38.720 know

00:18:38.940 me

00:18:39.200 as

00:18:39.600 a

00:18:39.760 workaholic

00:18:40.440 so

00:18:41.140 if

00:18:41.340 you're

00:18:41.580 a

00:18:41.720 workaholic

00:18:42.500 maybe

00:18:43.540 because

00:18:44.240 your

00:18:44.460 father

00:18:44.840 sounds

00:18:45.180 like

00:18:45.380 my

00:18:45.580 father

00:18:45.940 okay

00:18:46.500 my

00:18:47.420 dad

00:18:47.860 in

00:18:48.280 Iran

00:18:48.760 ran

00:18:49.300 a

00:18:49.480 he

00:18:50.100 ran

00:18:50.320 Nivea

00:18:51.220 and

00:18:51.380 Max

00:18:51.680 Factor

00:18:51.980 I

00:18:52.160 don't

00:18:52.260 know

00:18:52.340 if

00:18:52.440 you're

00:18:52.580 familiar

00:18:52.820 with

00:18:53.020 those

00:18:53.200 two

00:18:53.340 you

00:18:53.440 don't

00:18:53.580 look

00:18:53.780 like

00:18:53.940 somebody

00:18:54.240 that

00:18:54.440 puts

00:19:03.600 like

00:19:03.960 comparable

00:19:04.520 to

00:19:04.840 $100,000

00:19:05.480 a month

00:19:06.420 in

00:19:06.700 Iran

00:19:07.020 and

00:19:07.260 he

00:19:07.500 went

00:19:07.740 from

00:19:07.980 Iran

00:19:08.500 when

00:19:08.760 the

00:19:08.900 war

00:19:09.080 happened

00:19:09.260 six

00:19:10.120 weeks

00:19:10.360 later

00:19:10.560 we

00:19:10.720 escaped

00:19:11.140 my

00:19:11.360 mother

00:19:11.640 and

00:19:11.800 I

00:19:12.000 and

00:19:12.740 my

00:19:12.880 sister

00:19:13.140 we

00:19:13.300 went

00:19:13.440 to

00:19:13.560 Germany

00:19:13.840 lived

00:19:14.080 out

00:19:14.220 a

00:19:14.300 refugee

00:19:14.620 camp

00:19:14.980 and

00:19:15.080 we

00:19:15.260 came

00:19:15.500 out

00:19:15.680 here

00:19:15.880 he

00:19:16.020 had

00:19:16.140 heart

00:19:16.600 attacks

00:19:16.900 after

00:19:17.080 heart

00:19:17.300 attacks

00:19:17.720 and

00:19:18.500 he

00:19:18.600 worked

00:19:18.840 at

00:19:19.000 a

00:19:19.160 99

00:19:19.660 cent

00:19:20.080 store

00:19:20.460 for

00:19:20.740 15

00:19:21.440 years

00:19:21.780 in

00:19:21.980 Inglewood

00:19:22.520 California

00:19:23.200 okay

00:19:23.700 right

00:19:24.140 right

00:19:24.620 and

00:19:25.040 you

00:19:25.280 know

00:19:25.420 how

00:19:25.540 it

00:19:25.660 is

00:19:33.600 one

00:19:35.100 of

00:19:35.220 the

00:19:35.340 things

00:19:35.560 that

00:19:35.680 I

00:19:35.800 saw

00:19:36.020 if

00:19:36.140 my

00:19:36.320 dad

00:19:36.540 was

00:19:36.740 born

00:19:37.040 here

00:19:37.460 my

00:19:37.800 dad

00:19:38.000 would

00:19:38.180 have

00:19:38.280 been

00:19:38.400 a

00:19:38.560 very

00:19:38.840 successful

00:19:39.540 man

00:19:39.920 but

00:19:40.220 sometimes

00:19:40.620 one

00:19:40.900 of

00:19:41.180 the

00:19:41.220 best

00:19:41.400 things

00:19:41.560 he

00:19:41.680 did

00:19:41.800 is

00:19:41.920 bringing

00:19:42.160 me

00:19:42.380 here

00:19:42.580 so

00:19:42.820 maybe

00:19:43.960 your

00:19:44.260 dad's

00:19:44.880 example

00:19:45.420 to

00:19:45.720 you

00:19:45.960 is

00:19:46.200 why

00:19:46.420 you

00:19:46.740 ended

00:19:47.100 up

00:19:47.280 becoming

00:19:47.600 who

00:19:47.800 you

00:19:47.960 are

00:19:48.140 today

00:19:48.540 you

00:19:48.880 know

00:19:49.000 by

00:19:49.160 having

00:19:49.400 a

00:19:49.560 work

00:19:49.780 ethic

00:19:49.960 being

00:19:50.180 passed

00:19:50.480 down

00:19:50.660 to

00:19:50.800 you

00:19:51.060 where

00:19:51.600 you

00:19:51.800 yeah

00:19:52.580 where

00:19:52.820 you

00:19:52.980 just

00:19:53.280 his

00:19:53.740 legacy

00:19:54.060 is

00:19:54.260 continuing

00:19:54.640 through

00:19:54.900 you

00:19:55.440 yep

00:19:55.840 and

00:19:56.620 I

00:19:56.760 think

00:19:56.980 that

00:19:57.200 that's

00:19:57.520 something

00:19:57.820 that

00:19:58.120 happened

00:19:58.520 long

00:19:58.940 ago

00:19:59.340 and

00:19:59.940 happens

00:20:00.300 on

00:20:00.500 very

00:20:00.800 deep

00:20:01.240 levels

00:20:01.660 that

00:20:02.020 you're

00:20:02.240 only

00:20:02.600 barely

00:20:03.120 aware

00:20:03.560 of

00:20:03.940 and

00:20:04.360 that

00:20:04.520 you

00:20:04.660 certainly

00:20:05.020 cannot

00:20:05.400 control

00:20:05.980 or at

00:20:06.340 least

00:20:06.520 I

00:20:06.760 can't

00:20:07.240 sure

00:20:07.500 but

00:20:08.060 I'm

00:20:08.260 not

00:20:08.420 upset

00:20:08.740 about

00:20:09.020 it

00:20:09.160 I

00:20:09.240 really

00:20:09.460 like

00:20:09.740 my

00:20:09.960 father

00:20:10.340 and

00:20:10.600 I'm

00:20:10.780 grateful

00:20:11.160 for

00:20:11.480 all

00:20:11.800 the

00:20:11.960 things

00:20:12.280 that

00:20:12.460 he

00:20:12.620 did

00:20:13.160 for

00:20:13.400 me

00:20:13.580 so

00:20:14.280 now

00:20:14.720 let's

00:20:14.960 go

00:20:15.100 into

00:20:15.300 philosophy

00:20:15.740 this

00:20:15.940 was

00:20:16.080 very

00:20:16.260 helpful

00:20:16.480 because

00:20:16.720 this

00:20:16.880 kind

00:20:17.060 of

00:20:17.120 gave

00:20:17.260 me

00:20:17.360 an

00:20:17.460 idea

00:20:17.680 about

00:20:17.860 your

00:20:18.020 background

00:20:18.340 parents

00:20:18.780 and

00:20:18.980 the

00:20:19.340 viewer

00:20:19.600 can

00:20:19.820 also

00:20:20.180 get

00:20:20.760 an

00:20:20.900 idea

00:20:21.100 about

00:20:21.280 where

00:20:21.460 you're

00:20:21.620 at

00:20:21.720 and

00:20:21.840 how

00:20:21.980 you

00:20:22.060 came

00:20:22.200 to

00:20:22.320 a

00:20:22.420 conclusion

00:20:22.700 so

00:20:23.000 you

00:20:24.000 say

00:20:24.300 why

00:20:24.700 the

00:20:24.920 question

00:20:25.240 why

00:20:25.560 are

00:20:25.760 some

00:20:26.000 people

00:20:26.100 I've

00:20:26.540 asked

00:20:26.720 this

00:20:26.880 question

00:20:27.120 myself

00:20:27.420 when

00:20:27.600 I

00:20:27.680 was

00:20:27.800 a

00:20:27.920 kid

00:20:28.100 but

00:20:28.380 you

00:20:28.540 you

00:20:28.760 brought

00:20:29.300 it

00:20:29.440 up

00:20:29.560 already

00:20:29.840 three

00:20:30.080 times

00:20:30.400 now

00:20:30.560 so

00:20:30.720 why

00:20:30.860 don't

00:20:30.940 we

00:20:31.040 start

00:20:31.280 there

00:20:31.520 why

00:20:32.420 are

00:20:32.760 some

00:20:33.120 people

00:20:33.480 rich

00:20:33.940 and

00:20:34.280 poor

00:20:46.720 could

00:20:47.420 have

00:20:47.740 any

00:20:48.100 other

00:20:48.560 outcome

00:20:49.320 than

00:20:49.900 to

00:20:50.120 make

00:20:50.340 a

00:20:50.500 minority

00:20:51.000 rich

00:20:51.960 and

00:20:52.260 a

00:20:52.380 majority

00:20:52.880 poor

00:20:53.620 I

00:20:53.900 mean

00:20:54.340 it's

00:20:54.620 a

00:20:54.760 little

00:20:54.940 bit

00:20:55.240 like

00:20:56.660 sort

00:20:57.260 of

00:20:57.380 understanding

00:20:58.080 the

00:20:58.360 history

00:20:59.180 of

00:20:59.420 economic

00:20:59.900 systems

00:21:00.480 the

00:21:01.220 major

00:21:01.560 three

00:21:01.900 economic

00:21:02.420 systems

00:21:02.920 over

00:21:03.160 the

00:21:03.340 last

00:21:03.640 I

00:21:03.840 don't

00:21:04.000 know

00:21:04.220 several

00:21:04.620 thousand

00:21:05.100 years

00:21:05.660 at least

00:21:06.440 I'm

00:21:06.660 talking

00:21:07.000 now

00:21:07.220 you

00:21:07.360 know

00:21:07.440 Western

00:21:07.800 Europe

00:21:08.140 North

00:21:08.420 America

00:21:08.800 and so

00:21:09.160 on

00:21:09.440 the

00:21:10.620 major

00:21:10.980 three

00:21:11.460 were

00:21:11.780 slavery

00:21:12.280 feudalism

00:21:13.000 and

00:21:13.160 then

00:21:13.340 capitalism

00:21:13.880 and

00:21:15.340 there's

00:21:15.560 something

00:21:15.880 all

00:21:16.100 three

00:21:16.380 of

00:21:16.720 have

00:21:16.920 in

00:21:17.080 common

00:21:17.440 a

00:21:18.120 small

00:21:18.420 number

00:21:18.760 of

00:21:18.940 people

00:21:19.220 sit

00:21:19.500 at

00:21:19.620 the

00:21:19.760 top

00:21:20.040 of

00:21:20.180 this

00:21:20.380 society

00:21:20.920 in

00:21:21.700 slavery

00:21:22.100 it's

00:21:22.420 the

00:21:22.560 master

00:21:22.940 in

00:21:23.200 feudalism

00:21:23.760 it's

00:21:23.960 the

00:21:24.120 lord

00:21:24.540 and

00:21:24.840 in

00:21:25.060 capitalism

00:21:25.480 it's

00:21:25.900 the

00:21:26.040 employer

00:21:26.580 and

00:21:27.400 a

00:21:27.540 vast

00:21:27.780 majority

00:21:28.280 of

00:21:28.580 people

00:21:28.880 are

00:21:29.260 in

00:21:29.540 the

00:21:29.820 other

00:21:30.260 position

00:21:30.940 they're

00:21:31.640 the

00:21:31.820 serf

00:21:32.280 or

00:21:32.780 the

00:21:32.980 slave

00:21:33.520 or

00:21:34.020 the

00:21:34.220 employee

00:21:34.860 and

00:21:36.000 it

00:21:36.160 shouldn't

00:21:36.440 surprise

00:21:36.920 you

00:21:37.120 that

00:21:37.280 if

00:21:37.400 you

00:21:37.500 look

00:21:37.640 at

00:21:37.760 slavery

00:21:38.220 the

00:21:38.700 masters

00:21:39.100 are

00:21:39.380 rich

00:21:39.580 and

00:21:39.760 powerful

00:21:40.200 and

00:21:40.600 the

00:21:40.760 slaves

00:21:41.240 by

00:21:41.620 and

00:21:41.780 large

00:21:42.200 are

00:21:42.680 not

00:21:43.040 and

00:21:43.600 if

00:21:43.720 you

00:21:43.780 look

00:21:43.940 at

00:21:44.060 feudalism

00:21:44.740 the

00:21:45.280 lords

00:21:45.660 are

00:21:45.860 rich

00:21:46.060 and

00:21:46.220 powerful

00:21:46.680 and

00:21:47.040 by

00:21:47.300 and

00:21:47.480 large

00:21:47.860 the

00:21:48.120 serfs

00:21:48.580 are

00:21:48.880 not

00:21:49.260 and

00:21:50.040 we

00:21:50.200 live

00:21:50.460 in

00:21:50.600 a

00:21:50.800 capitalist

00:21:51.280 system

00:21:51.840 where

00:21:52.300 by

00:21:53.240 and

00:21:53.440 large

00:21:53.940 the

00:21:54.440 employers

00:21:55.060 do

00:21:55.500 really

00:21:55.960 well

00:21:56.420 relatively

00:21:57.140 and

00:21:57.780 the

00:21:57.960 employees

00:21:58.680 well

00:21:59.280 I'll

00:21:59.480 be

00:21:59.620 nice

00:22:00.000 not

00:22:00.400 so

00:22:00.660 much

00:22:01.120 and

00:22:01.900 in

00:22:02.040 order

00:22:02.220 for

00:22:02.440 us

00:22:02.620 not

00:22:02.800 to

00:22:02.960 have

00:22:03.260 the

00:22:03.500 split

00:22:03.840 between

00:22:04.300 rich

00:22:04.660 and

00:22:04.940 poor

00:22:05.360 whether

00:22:06.200 it's

00:22:06.500 on

00:22:06.640 the

00:22:06.780 level

00:22:07.060 of

00:22:11.240 small

00:22:11.460 community

00:22:12.040 we

00:22:12.860 would

00:22:13.080 have

00:22:13.340 to

00:22:13.580 confront

00:22:14.380 whether

00:22:15.380 the

00:22:15.620 effort

00:22:16.000 to

00:22:16.260 overcome

00:22:17.020 the

00:22:17.500 gap

00:22:18.580 between

00:22:19.000 rich

00:22:19.340 and

00:22:19.500 poor

00:22:19.840 is

00:22:20.780 a

00:22:20.980 reasonable

00:22:21.480 objective

00:22:22.200 if

00:22:23.220 you

00:22:23.400 abstract

00:22:23.920 from

00:22:24.420 the

00:22:24.620 economic

00:22:25.160 system

00:22:25.900 that

00:22:26.740 basically

00:22:27.220 produces

00:22:27.860 those

00:22:28.260 things

00:22:28.480 that's

00:22:28.740 why

00:22:28.900 I

00:22:29.060 said

00:22:29.220 at

00:22:29.340 the

00:22:29.460 beginning

00:22:29.760 when

00:22:30.300 you

00:22:30.420 asked

00:22:30.660 me

00:22:30.800 the

00:22:30.940 question

00:22:31.180 do

00:22:31.320 I

00:22:31.460 hate

00:22:31.660 rich

00:22:31.900 people

00:22:32.200 no

00:22:32.720 I

00:22:33.380 know

00:22:33.740 they

00:22:34.060 end

00:22:34.480 up

00:22:34.800 like

00:22:35.620 people

00:22:35.980 like

00:22:36.300 me

00:22:36.520 who

00:22:36.680 come

00:22:36.900 from

00:22:37.120 modest

00:22:37.480 circumstances

00:22:38.300 very

00:22:39.100 hard

00:22:39.440 not

00:22:39.640 to

00:22:39.820 conclude

00:22:40.200 as

00:22:40.400 you

00:22:40.520 go

00:22:40.680 through

00:22:40.900 life

00:22:41.320 okay

00:22:41.880 I

00:22:42.240 see

00:22:42.580 now

00:22:43.100 that

00:22:43.580 there

00:22:43.740 are

00:22:43.860 rich

00:22:44.080 people

00:22:44.420 and

00:22:44.620 poor

00:22:44.860 people

00:22:45.280 and

00:22:45.780 it

00:22:45.940 isn't

00:22:46.180 hard

00:22:46.440 for

00:22:46.640 me

00:22:46.760 to

00:22:46.920 tell

00:22:47.140 you

00:22:47.360 which

00:22:47.800 I'd

00:22:48.080 rather

00:22:48.340 be

00:22:48.800 I'd

00:22:49.760 rather

00:22:50.020 be

00:22:50.400 there

00:22:51.040 than

00:22:51.360 over

00:22:51.620 there

00:22:52.120 but

00:22:52.640 the

00:22:52.820 problem

00:22:53.140 is

00:22:53.480 there

00:22:53.800 aren't

00:22:54.100 enough

00:22:54.480 theirs

00:22:55.260 for

00:22:56.080 everybody

00:22:56.480 who

00:22:56.700 feels

00:22:57.060 that

00:22:57.320 way

00:22:57.560 to

00:22:57.760 get

00:22:58.040 to

00:22:58.240 that

00:22:58.520 point

00:22:58.960 and

00:22:59.740 it's

00:22:59.920 a

00:23:00.100 very

00:23:00.420 sad

00:23:01.240 reality

00:23:01.940 that

00:23:02.620 is

00:23:02.800 hard

00:23:03.380 for

00:23:03.660 people

00:23:04.040 to

00:23:04.280 come

00:23:04.580 to

00:23:04.840 terms

00:23:05.320 with

00:23:05.700 which

00:23:06.340 is

00:23:06.500 why

00:23:06.780 people

00:23:07.120 like

00:23:07.540 Ayn Rand

00:23:08.400 can

00:23:08.880 be

00:23:09.160 popular

00:23:09.780 because

00:23:10.740 she

00:23:11.020 presents

00:23:11.520 an

00:23:11.800 idea

00:23:12.460 that

00:23:13.000 suggests

00:23:13.680 oh

00:23:14.020 we

00:23:14.260 could

00:23:14.540 all

00:23:15.300 do

00:23:15.660 this

00:23:16.200 and

00:23:17.480 you

00:23:17.640 don't

00:23:17.840 believe

00:23:18.140 that

00:23:18.480 not

00:23:19.080 for

00:23:19.360 one

00:23:20.040 minute

00:23:20.860 gosh

00:23:21.500 Richard

00:23:22.060 come

00:23:22.640 on

00:23:22.960 okay

00:23:23.240 so

00:23:23.560 let's

00:23:23.900 let's

00:23:24.160 talk

00:23:24.340 about

00:23:24.500 a couple

00:23:24.800 things

00:23:25.140 here

00:23:25.300 that

00:23:25.420 you

00:23:25.540 brought

00:23:25.740 up

00:23:25.860 and

00:23:25.960 I've

00:23:26.120 watched

00:23:26.400 your

00:23:27.420 debates

00:23:27.880 I've

00:23:28.200 watched

00:23:28.440 your

00:23:28.780 different

00:23:29.820 things

00:23:30.120 that

00:23:30.240 you've

00:23:30.420 done

00:23:30.520 so

00:23:30.700 you

00:23:30.840 said

00:23:31.000 slavery

00:23:31.400 feudalism

00:23:32.020 and

00:23:32.160 capitalism

00:23:32.560 okay

00:23:32.940 so

00:23:33.140 slavery

00:23:33.560 and

00:23:33.780 feudalism

00:23:34.320 versus

00:23:34.560 capitalism

00:23:35.140 slavery

00:23:36.440 and

00:23:36.700 feudalism

00:23:37.160 have

00:23:37.400 one

00:23:38.440 underlying

00:23:40.060 difference

00:23:42.260 between

00:23:42.680 capitalism

00:23:43.220 because

00:23:43.600 in

00:23:43.840 feudalism

00:23:44.420 and

00:23:44.640 slavery

00:23:45.080 you

00:23:45.660 don't

00:23:45.840 have

00:23:46.080 a

00:23:46.220 choice

00:23:46.600 there

00:23:47.000 are

00:23:47.200 no

00:23:47.380 choices

00:23:47.920 you

00:23:48.700 know

00:23:48.820 they

00:23:49.060 tell

00:23:49.340 you

00:23:49.500 what

00:23:49.700 to

00:23:49.840 do

00:23:49.960 and

00:23:50.160 you

00:23:50.320 better

00:23:50.740 do

00:23:51.080 it

00:23:51.380 in

00:23:52.160 capitalism

00:23:52.740 they

00:23:53.620 tell

00:23:53.880 you

00:23:54.040 what

00:23:54.240 to

00:23:54.400 do

00:23:54.540 and

00:23:54.680 you

00:23:54.780 have

00:23:54.980 a

00:23:55.120 choice

00:23:55.380 you

00:23:55.520 can

00:23:55.700 say

00:23:55.920 screw

00:23:56.240 you

00:23:56.460 I'm

00:23:56.660 leaving

00:23:57.000 you

00:23:57.240 I

00:23:57.440 resign

00:23:57.980 you

00:23:58.780 know

00:23:58.980 a lot

00:23:59.580 of

00:23:59.700 times

00:23:59.920 people

00:24:00.200 think

00:24:00.640 just

00:24:03.560 they're

00:24:04.420 such

00:24:04.860 a

00:24:05.200 powerful

00:24:06.260 incredible

00:24:06.840 life

00:24:07.320 that

00:24:07.520 they

00:24:07.680 live

00:24:08.340 and

00:24:08.640 they'll

00:24:08.880 never

00:24:09.160 get

00:24:09.460 fired

00:24:09.940 but

00:24:10.160 the

00:24:10.420 truth

00:24:10.840 of

00:24:10.960 the

00:24:11.060 matter

00:24:11.260 is

00:24:11.680 CEOs

00:24:12.680 get

00:24:12.940 fired

00:24:14.060 more

00:24:14.440 often

00:24:14.920 than

00:24:15.140 employees

00:24:15.660 do

00:24:15.940 because

00:24:16.360 every

00:24:17.160 time

00:24:17.380 an

00:24:17.500 employee

00:24:17.800 leaves

00:24:18.140 a

00:24:18.300 guy

00:24:18.660 or

00:24:19.020 CEO

00:24:19.400 to

00:24:19.660 another

00:24:19.900 company

00:24:20.260 and

00:24:20.400 takes

00:24:20.560 the

00:24:20.680 trade

00:24:20.900 secrets

00:24:21.220 that's

00:24:21.480 a

00:24:21.620 form

00:24:21.840 of

00:24:21.980 being

00:24:22.100 fired

00:24:22.500 every

00:24:22.780 time

00:24:23.000 a

00:24:23.120 client

00:24:23.400 leaves

00:24:23.760 it's

00:24:24.500 a

00:24:24.620 form

00:24:24.800 of

00:24:24.900 being

00:24:25.020 fired

00:24:25.300 so

00:24:25.440 you

00:24:25.600 cannot

00:24:25.940 say

00:24:26.420 feudalism

00:24:27.180 and

00:24:28.000 slavery

00:24:28.620 and

00:24:33.560 Richard

00:24:34.160 you're

00:24:34.460 reaching

00:24:34.880 that's

00:24:35.320 what

00:24:35.400 they

00:24:35.520 would

00:24:35.660 say

00:24:35.840 to

00:24:36.020 you

00:24:36.360 well

00:24:37.180 let

00:24:37.340 me

00:24:37.440 respond

00:24:37.900 okay

00:24:38.440 you

00:24:39.720 remember

00:24:39.920 the

00:24:40.140 story

00:24:40.500 of

00:24:40.700 Robin

00:24:41.000 Hood

00:24:41.260 okay

00:24:43.160 yes

00:24:43.500 I do

00:24:43.820 I've

00:24:43.980 watched

00:24:44.200 it

00:24:44.320 many

00:24:44.580 times

00:24:45.140 okay

00:24:45.620 let

00:24:47.180 me

00:24:47.300 remind

00:24:47.720 you

00:24:48.040 Robin

00:24:48.800 Hood's

00:24:49.300 merry

00:24:49.620 band

00:24:50.180 of

00:24:50.440 men

00:24:50.840 in

00:24:51.220 the

00:24:51.360 woods

00:24:51.720 those

00:24:52.780 were

00:24:52.980 runaway

00:24:53.480 serfs

00:24:54.100 turns

00:24:54.980 out

00:24:55.380 serfs

00:24:56.000 had

00:24:56.220 a

00:24:56.400 choice

00:24:56.880 they

00:24:57.520 could

00:24:57.740 stay

00:24:58.280 underneath

00:24:58.860 the

00:24:59.620 Lord

00:25:00.020 on the

00:25:00.400 feudal

00:25:00.760 manor

00:25:01.140 where

00:25:01.340 they

00:25:01.460 were

00:25:01.580 probably

00:25:01.960 born

00:25:02.440 or

00:25:03.500 they

00:25:04.280 could

00:25:04.540 try

00:25:05.180 to

00:25:05.580 break

00:25:05.980 away

00:25:06.520 from

00:25:06.980 that

00:25:07.260 situation

00:25:07.940 they

00:25:08.700 could

00:25:08.880 run

00:25:09.180 into

00:25:09.400 the

00:25:09.640 forest

00:25:10.060 and

00:25:10.500 join

00:25:10.880 up

00:25:11.140 with

00:25:11.340 Robin

00:25:12.060 Hood

00:25:12.420 they

00:25:13.140 could

00:25:13.320 get

00:25:13.580 beyond

00:25:14.000 the

00:25:14.240 reach

00:25:14.540 of

00:25:14.760 the

00:25:14.920 Lord

00:25:15.260 whose

00:25:15.540 reach

00:25:15.840 was

00:25:16.040 usually

00:25:16.360 quite

00:25:16.700 limited

00:25:17.180 they

00:25:17.920 could

00:25:18.120 set

00:25:18.380 themselves

00:25:18.720 out

00:25:19.140 to

00:25:19.320 then

00:25:19.520 become

00:25:19.980 what

00:25:20.200 were

00:25:20.380 called

00:25:20.880 free

00:25:21.560 peasants

00:25:22.280 or

00:25:22.520 yeomen

00:25:23.080 or

00:25:23.800 small

00:25:24.280 farmers

00:25:24.980 there

00:25:25.540 were

00:25:25.780 in

00:25:26.000 fact

00:25:26.260 all

00:25:26.580 kinds

00:25:26.880 of

00:25:27.060 options

00:25:27.600 that

00:25:28.180 they

00:25:28.480 had

00:25:28.960 they

00:25:29.400 were

00:25:29.600 risky

00:25:30.100 but

00:25:31.160 you

00:25:31.300 know

00:25:31.460 leaving

00:25:31.800 your

00:25:32.080 job

00:25:32.560 in

00:25:32.720 a

00:25:33.560 capitalist

00:25:34.020 economy

00:25:34.640 that's

00:25:35.280 risky

00:25:35.660 too

00:25:36.100 in

00:25:36.960 fact

00:25:37.160 having

00:25:37.500 a

00:25:37.700 job

00:25:38.040 in

00:25:38.260 capitalism

00:25:38.720 is

00:25:39.220 risky

00:25:39.680 right

00:25:40.600 now

00:25:40.900 we've

00:25:41.180 got

00:25:41.340 35

00:25:41.880 million

00:25:42.200 people

00:25:42.700 who

00:25:42.960 just

00:25:43.260 got

00:25:43.480 fired

00:25:43.980 it

00:25:44.520 turns

00:25:44.860 out

00:25:45.260 employment

00:25:46.160 is

00:25:46.520 risky

00:25:47.080 slaves

00:25:48.240 also

00:25:48.760 by the

00:25:49.340 way

00:25:49.620 ran

00:25:50.080 away

00:25:50.500 slaves

00:25:51.260 also

00:25:51.640 made

00:25:52.040 revolts

00:25:52.800 slaves

00:25:53.660 also

00:25:54.160 carved

00:25:54.660 out

00:25:54.940 for

00:25:55.160 themselves

00:25:55.740 much

00:25:56.420 better

00:25:56.720 conditions

00:25:57.420 than

00:25:58.080 they

00:25:58.320 had

00:25:58.580 been

00:25:58.840 born

00:25:59.260 into

00:25:59.860 through

00:26:00.660 a

00:26:00.820 variety

00:26:01.260 of

00:26:01.600 mechanisms

00:26:02.220 the

00:26:02.900 portrayal

00:26:03.600 of

00:26:03.740 all

00:26:03.960 of

00:26:04.140 them

00:26:04.520 as

00:26:05.000 unfree

00:26:05.900 which

00:26:06.280 is

00:26:06.420 the

00:26:06.560 way

00:26:06.820 the

00:26:07.300 literature

00:26:07.640 does

00:26:08.100 it

00:26:08.320 and

00:26:08.860 capitalism

00:26:09.360 as

00:26:09.860 free

00:26:10.420 strikes

00:26:11.320 me

00:26:11.620 as

00:26:11.820 an

00:26:12.000 extraordinary

00:26:12.840 reach

00:26:13.700 since

00:26:14.440 the

00:26:14.640 vast

00:26:14.920 majority

00:26:15.380 of

00:26:15.820 people

00:26:16.180 who

00:26:16.420 are

00:26:16.620 employed

00:26:17.200 by

00:26:17.540 a

00:26:17.740 capitalist

00:26:18.340 an

00:26:18.840 employer

00:26:19.340 either

00:26:20.240 live

00:26:20.600 with

00:26:20.860 that

00:26:21.220 or

00:26:21.720 they're

00:26:22.140 free

00:26:22.380 to

00:26:22.620 quit

00:26:22.940 in

00:26:23.640 which

00:26:23.860 case

00:26:24.260 their

00:26:24.660 basic

00:26:25.160 option

00:26:25.680 is

00:26:26.260 to

00:26:26.420 go

00:26:26.600 be

00:26:26.820 an

00:26:27.000 employee

00:26:27.500 of

00:26:28.220 somebody

00:26:28.800 else

00:26:29.280 as

00:26:29.600 an

00:26:29.760 employer

00:26:30.280 which

00:26:30.840 is

00:26:30.980 not

00:26:31.160 quite

00:26:31.460 the

00:26:31.680 escape

00:26:32.180 you

00:26:32.500 might

00:26:32.800 want

00:26:33.080 to

00:26:33.220 recommend

00:26:33.740 it's

00:26:34.740 a

00:26:34.920 choice

00:26:35.540 but

00:26:36.120 it's

00:26:36.260 not

00:26:36.420 a

00:26:36.560 choice

00:26:36.820 to

00:26:37.020 escape

00:26:37.380 the

00:26:37.620 system

00:26:38.060 because

00:26:38.580 you

00:26:38.840 really

00:26:39.220 can't

00:26:39.800 do

00:26:40.100 that

00:26:40.560 in

00:26:41.400 most

00:26:41.720 cases

00:26:42.280 and

00:26:43.020 if

00:26:43.160 you

00:26:43.300 were to

00:26:43.700 suggest

00:26:44.280 that

00:26:44.560 an

00:26:45.100 employee

00:26:45.620 can

00:26:46.100 go out

00:26:46.640 and

00:26:46.800 start

00:26:47.060 his

00:26:47.240 own

00:26:47.460 business

00:26:47.980 most

00:26:48.820 of

00:26:49.000 them

00:26:49.140 really

00:26:49.480 can't

00:26:50.200 and

00:26:50.660 many

00:26:51.000 of

00:26:51.240 those

00:26:51.520 who

00:26:51.700 do

00:26:52.240 end

00:26:53.100 up

00:26:53.500 in

00:26:54.560 a

00:26:54.720 situation

00:26:55.320 that

00:26:55.660 many

00:26:55.960 small

00:26:56.440 business

00:26:56.920 men

00:26:57.160 and

00:26:57.360 women

00:26:57.580 will

00:26:57.820 tell

00:26:58.080 you

00:26:58.260 about

00:26:58.660 which

00:26:59.380 is

00:26:59.640 they

00:27:00.080 work

00:27:00.480 harder

00:27:01.040 than

00:27:01.660 the

00:27:01.880 people

00:27:02.240 who

00:27:02.540 are

00:27:02.840 employees

00:27:03.660 and

00:27:04.680 look

00:27:05.000 longingly

00:27:05.780 at

00:27:06.100 the

00:27:06.260 possibility

00:27:06.940 of

00:27:07.520 going

00:27:07.860 back

00:27:08.360 to

00:27:08.840 be

00:27:09.040 an

00:27:09.200 employee

00:27:09.720 because

00:27:10.320 however

00:27:10.700 ugly

00:27:11.220 and

00:27:11.400 unpleasant

00:27:11.860 it

00:27:12.160 was

00:27:12.620 working

00:27:13.440 for

00:27:13.720 yourself

00:27:14.260 can

00:27:14.600 be

00:27:14.980 even

00:27:15.580 worse

00:27:16.220 so

00:27:17.280 now

00:27:17.480 you

00:27:17.840 touched

00:27:18.320 on

00:27:18.460 a

00:27:18.580 lot

00:27:18.720 of

00:27:18.820 things

00:27:18.960 so

00:27:19.100 let

00:27:19.200 me

00:27:19.280 take

00:27:19.480 them

00:27:19.580 one

00:27:19.760 at

00:27:19.920 a

00:27:20.020 time

00:27:20.180 I

00:27:20.320 took

00:27:20.540 notes

00:27:20.920 I'm

00:27:21.140 taking

00:27:21.360 notes

00:27:21.740 here

00:27:21.900 so

00:27:22.080 you're

00:27:22.300 the

00:27:22.420 professor

00:27:22.840 I'm

00:27:23.240 the

00:27:23.360 student

00:27:23.580 I'm

00:27:23.820 taking

00:27:24.040 notes

00:27:24.400 here

00:27:24.600 so

00:27:25.320 let's

00:27:25.540 talk

00:27:25.720 about

00:27:25.880 Robinhood

00:27:26.320 so

00:27:26.500 Robinhood

00:27:26.880 was

00:27:27.080 taking

00:27:27.320 money

00:27:27.620 from

00:27:27.900 who

00:27:28.100 and

00:27:28.240 giving

00:27:28.400 it

00:27:28.560 to

00:27:28.680 who

00:27:28.900 he

00:27:29.820 was

00:27:30.000 taking

00:27:30.300 money

00:27:30.600 from

00:27:30.800 the

00:27:30.980 rich

00:27:31.200 and

00:27:31.380 giving

00:27:31.620 it

00:27:31.820 to

00:27:31.940 the

00:27:32.120 poor

00:27:32.380 that

00:27:32.640 was

00:27:32.840 his

00:27:33.520 specialty

00:27:34.020 but

00:27:34.580 he

00:27:34.740 was

00:27:34.960 was

00:27:35.360 he

00:27:35.500 was

00:27:35.740 it

00:27:35.880 really

00:27:36.140 the

00:27:36.360 rich

00:27:36.620 he

00:27:36.760 was

00:27:36.940 taking

00:27:37.180 money

00:27:37.460 from

00:27:37.700 or

00:27:37.820 was

00:27:37.960 he

00:27:38.060 taking

00:27:38.300 money

00:27:38.580 from

00:27:38.820 the

00:27:39.020 government

00:27:39.680 who

00:27:39.940 was

00:27:40.200 taxing

00:27:41.040 people

00:27:41.960 too

00:27:42.280 much

00:27:42.800 Richard

00:27:43.140 you

00:27:43.300 got

00:27:43.480 to

00:27:43.600 tell

00:27:43.740 the

00:27:43.880 true

00:27:44.080 story

00:27:44.440 of

00:27:44.640 Robinhood

00:27:45.340 I

00:27:45.640 grew up

00:27:46.000 in

00:27:46.100 Iran

00:27:46.340 I

00:27:46.500 watched

00:27:46.760 it

00:27:46.860 a few

00:27:47.060 hundred

00:27:47.240 times

00:27:47.700 so

00:27:48.000 he

00:27:48.380 wasn't

00:27:48.700 taking

00:27:48.980 money

00:27:49.280 from

00:27:49.540 the

00:27:49.720 rich

00:27:49.940 he

00:27:50.060 was

00:27:50.200 taking

00:27:50.480 money

00:27:50.720 from

00:27:50.920 the

00:27:51.100 government

00:27:51.540 that

00:27:52.160 are

00:27:52.300 so

00:27:52.700 noble

00:27:53.240 they

00:27:53.460 want

00:27:53.640 to

00:27:53.740 do

00:27:53.880 such

00:27:54.300 good

00:27:54.540 things

00:27:54.780 for

00:27:54.920 the

00:27:55.060 people

00:27:55.320 and

00:27:56.060 he

00:27:56.180 was

00:27:56.340 giving

00:27:56.580 it

00:27:56.700 to

00:27:56.780 the

00:27:56.900 people

00:27:57.240 maybe

00:27:58.180 you

00:27:58.440 and

00:27:58.580 I

00:27:58.740 read

00:27:58.980 all

00:27:59.200 the

00:27:59.560 Mr.

00:28:00.240 Robinhood

00:28:00.720 story

00:28:01.140 a little

00:28:01.420 different

00:28:01.580 I

00:28:01.680 watched

00:28:01.980 it

00:28:02.100 in

00:28:02.240 Farsi

00:28:02.580 maybe

00:28:02.860 the

00:28:03.100 translation

00:28:03.640 was

00:28:03.980 incorrect

00:28:04.320 I

00:28:04.680 don't

00:28:04.820 know

00:28:05.060 I

00:28:05.540 don't

00:28:05.700 know

00:28:05.860 either

00:28:06.140 but

00:28:06.740 here's

00:28:07.460 the

00:28:07.580 way

00:28:07.700 I

00:28:07.900 read

00:28:08.160 it

00:28:08.320 yeah

00:28:09.060 he

00:28:09.320 was

00:28:09.520 against

00:28:09.860 the

00:28:10.100 government

00:28:10.440 because

00:28:10.800 he

00:28:11.000 saw

00:28:11.180 the

00:28:11.380 government

00:28:11.780 as

00:28:12.280 in

00:28:12.560 the

00:28:12.740 clutches

00:28:13.440 of

00:28:14.160 the

00:28:14.380 rich

00:28:14.740 and

00:28:15.220 so

00:28:15.380 for

00:28:15.600 him

00:28:16.020 whether

00:28:16.560 he

00:28:16.980 stole

00:28:17.800 from

00:28:18.120 a

00:28:18.320 rich

00:28:18.560 traveler

00:28:19.160 going

00:28:19.600 through

00:28:19.840 the

00:28:20.040 forest

00:28:20.540 or

00:28:21.460 he

00:28:21.660 had

00:28:21.900 pitched

00:28:22.220 battles

00:28:22.720 with

00:28:23.020 the

00:28:23.200 sheriff

00:28:23.500 of

00:28:23.760 Nottingham

00:28:24.380 if

00:28:24.560 you

00:28:24.680 remember

00:28:25.120 his

00:28:25.640 arch

00:28:26.020 enemy

00:28:26.440 for

00:28:27.320 him

00:28:27.900 the

00:28:28.480 distinction

00:28:29.080 between

00:28:29.640 the

00:28:29.920 rich

00:28:30.140 people

00:28:30.600 and

00:28:31.220 the

00:28:31.420 politicians

00:28:32.220 those

00:28:32.700 rich

00:28:33.000 people

00:28:33.340 had

00:28:33.600 in

00:28:33.740 their

00:28:33.940 pocket

00:28:34.360 was

00:28:34.920 a

00:28:35.120 difference

00:28:35.520 he

00:28:35.780 didn't

00:28:36.180 care

00:28:36.460 much

00:28:36.820 about

00:28:37.260 he

00:28:37.880 would

00:28:38.180 take

00:28:38.520 from

00:28:38.780 either

00:28:39.020 one

00:28:39.360 of

00:28:39.520 them

00:28:39.720 or

00:28:39.900 both

00:28:40.300 of

00:28:40.500 them

00:28:40.760 and

00:28:41.280 give

00:28:41.620 to

00:28:41.800 the

00:28:41.980 people

00:28:42.300 that

00:28:42.540 they

00:28:42.840 together

00:28:46.020 again

00:28:49.860 it

00:28:50.160 goes

00:28:50.360 back

00:28:50.640 to

00:28:50.800 the

00:28:50.960 taxation

00:28:51.740 they

00:28:52.040 were

00:28:52.200 taxing

00:28:52.760 the

00:28:52.880 hell

00:28:53.040 out

00:28:53.200 of

00:28:53.280 the

00:28:53.400 people

00:28:53.800 the

00:28:54.360 government

00:28:54.700 was

00:28:55.080 these

00:28:55.380 noble

00:28:55.800 people

00:28:56.140 that

00:28:56.360 eventually

00:28:56.700 a

00:28:56.880 greedy

00:28:57.040 person

00:28:57.380 comes

00:28:57.760 and

00:28:58.380 abuse

00:28:58.740 power

00:28:59.220 but

00:28:59.480 if

00:29:00.040 there's

00:29:00.240 one

00:29:00.480 part

00:29:00.760 that

00:29:00.920 I

00:29:01.060 get

00:29:01.240 from

00:29:01.420 Robin

00:29:01.740 Hood

00:29:01.900 is

00:29:02.020 the

00:29:02.180 following

00:29:02.480 you

00:29:02.700 do

00:29:02.920 need

00:29:03.280 laws

00:29:04.580 and

00:29:04.760 you

00:29:04.880 do

00:29:05.000 need

00:29:05.200 lawyers

00:29:05.600 if

00:29:05.800 you

00:29:05.900 look

00:29:06.100 at

00:29:06.240 China

00:29:06.600 back

00:29:06.900 in

00:29:07.040 1984

00:29:07.760 China

00:29:08.940 only

00:29:09.300 had

00:29:09.540 four

00:29:09.960 law

00:29:10.300 schools

00:29:10.760 you

00:29:11.160 know

00:29:11.280 the

00:29:11.380 Milton

00:29:11.780 Friedman

00:29:16.020 argument

00:29:16.220 is

00:29:16.400 not

00:29:16.600 going

00:29:16.720 to

00:29:16.820 work

00:29:17.000 100

00:29:17.220 percent

00:29:17.580 you

00:29:17.760 need

00:29:17.940 law

00:29:18.720 and

00:29:18.840 you

00:29:18.920 need

00:29:19.060 lawyers

00:29:19.460 right

00:29:19.780 they

00:29:20.500 had

00:29:20.700 four

00:29:21.000 law

00:29:21.320 schools

00:29:21.620 in

00:29:21.920 1984

00:29:22.540 and

00:29:23.040 only

00:29:23.240 2,000

00:29:23.840 lawyers

00:29:24.260 and

00:29:25.000 China

00:29:25.340 had

00:29:25.580 to

00:29:25.720 make

00:29:25.940 sure

00:29:26.080 they

00:29:26.240 get

00:29:26.420 laws

00:29:26.900 or

00:29:27.180 else

00:29:27.560 the

00:29:28.280 powerful

00:29:28.900 businesses

00:29:29.500 without

00:29:29.840 some

00:29:30.280 sort

00:29:30.620 of

00:29:30.740 regulation

00:29:31.260 and

00:29:31.520 laws

00:29:31.820 would

00:29:32.020 abuse

00:29:32.400 other

00:29:32.760 people

00:29:33.120 so

00:29:33.300 that

00:29:33.580 part

00:29:33.920 absolutely

00:29:34.760 I

00:29:35.040 agree

00:29:35.200 because

00:29:35.560 today

00:29:36.440 you're

00:29:36.700 seeing

00:29:36.940 a lot

00:29:37.220 of that

00:29:37.460 taking

00:29:37.700 place

00:29:38.200 in

00:29:38.920 many

00:29:39.180 industries

00:29:39.640 whoever

00:29:39.960 can

00:29:40.200 get

00:29:40.380 the

00:29:40.520 best

00:29:40.720 lobbyists

00:29:41.280 that

00:29:41.420 can

00:29:41.580 pay

00:29:41.740 the

00:29:41.900 most

00:29:42.100 money

00:29:42.420 to

00:29:42.600 people

00:29:42.820 that

00:29:43.000 they

00:29:43.140 can

00:29:43.260 control

00:29:43.660 and

00:29:43.820 campaign

00:29:44.160 with

00:29:44.500 they

00:29:45.000 can

00:29:45.160 pass

00:29:45.440 a lot

00:29:45.700 of

00:29:45.800 the

00:29:45.920 laws

00:29:46.140 but

00:29:46.300 when

00:29:46.460 you

00:29:46.600 say

00:29:46.920 the

00:29:47.600 rich

00:29:47.860 and

00:29:48.000 the

00:29:48.140 poor

00:29:48.440 I

00:29:48.860 sometimes

00:29:49.900 wonder

00:29:50.380 what

00:29:50.600 direction

00:29:50.960 you

00:29:51.160 go

00:29:51.320 from

00:29:51.540 there

00:29:51.680 as

00:29:51.880 far

00:29:52.060 as

00:29:52.220 the

00:29:52.420 people

00:29:55.020 that

00:29:55.540 are

00:29:56.280 employees

00:29:56.960 who

00:29:57.280 cannot

00:29:57.560 be

00:29:57.880 rich

00:29:58.240 you're

00:29:58.420 saying

00:29:58.620 poor

00:29:59.020 people

00:29:59.280 cannot

00:29:59.560 be

00:29:59.800 rich

00:30:00.060 rich

00:30:00.660 do

00:30:00.860 you

00:30:00.940 know

00:30:01.040 how

00:30:01.180 many

00:30:01.360 people

00:30:01.660 last

00:30:02.060 year

00:30:02.240 filed

00:30:02.500 taxes

00:30:10.380 what

00:30:11.940 do

00:30:12.040 you

00:30:12.120 think

00:30:12.260 I'm

00:30:12.440 actually

00:30:12.660 curious

00:30:13.040 to

00:30:13.160 know

00:30:13.240 what

00:30:13.380 you

00:30:13.500 think

00:30:13.900 good

00:30:15.460 question

00:30:15.940 no

00:30:16.360 statistic

00:30:16.860 in my

00:30:17.360 head

00:30:17.580 comes

00:30:17.900 to

00:30:18.080 my

00:30:18.260 mind

00:30:18.600 but

00:30:18.780 this

00:30:18.920 is

00:30:19.020 from

00:30:19.200 the

00:30:19.360 IRS

00:30:19.780 it's

00:30:20.260 a

00:30:20.380 government

00:30:20.840 organization

00:30:21.560 that

00:30:21.780 you

00:30:21.900 trust

00:30:22.320 yes

00:30:22.840 no

00:30:23.280 no

00:30:23.520 listen

00:30:24.260 you

00:30:24.660 want

00:30:24.980 to

00:30:25.140 paint

00:30:25.420 me

00:30:25.680 as

00:30:26.020 an

00:30:26.220 advocate

00:30:26.640 of

00:30:26.880 the

00:30:27.020 government

00:30:27.380 I'm

00:30:27.900 not

00:30:28.300 that's

00:30:29.180 not

00:30:29.360 I

00:30:29.560 don't

00:30:30.000 trust

00:30:30.300 the

00:30:30.460 government

00:30:30.780 I

00:30:31.060 don't

00:30:31.280 see

00:30:31.460 the

00:30:31.620 government

00:30:31.960 as

00:30:32.460 an

00:30:32.640 thank

00:30:32.940 God

00:30:33.320 man

00:30:33.580 because

00:30:33.840 we're

00:30:34.040 on

00:30:34.160 the

00:30:34.280 same

00:30:34.460 page

00:30:34.740 there

00:30:34.940 that's

00:30:35.240 good

00:30:35.380 to

00:30:35.520 hear

00:30:35.720 okay

00:30:36.140 but

00:30:36.740 how

00:30:37.320 many

00:30:37.480 people

00:30:37.840 last year

00:30:38.420 made a million

00:30:39.280 dollars

00:30:39.560 I don't

00:30:40.220 know what

00:30:40.600 a number

00:30:40.980 is

00:30:41.160 actually

00:30:41.740 I'm

00:30:41.980 curious

00:30:42.340 to know

00:30:42.580 what

00:30:42.780 you

00:30:42.920 think

00:30:43.100 so

00:30:43.260 you

00:30:43.460 and I

00:30:43.680 are

00:30:43.780 having

00:30:43.940 a

00:30:44.080 drink

00:30:44.300 together

00:30:44.580 I

00:30:44.720 don't

00:30:44.820 know

00:30:44.900 if

00:30:44.980 you

00:30:45.080 drink

00:30:45.320 we're

00:30:45.480 having

00:30:45.620 coffee

00:30:45.960 hot

00:30:46.160 chocolate

00:30:46.460 we're

00:30:46.640 having

00:30:46.780 a

00:30:46.940 beer

00:30:47.120 and

00:30:47.800 you're

00:30:47.980 talking

00:30:48.260 we're

00:30:48.480 shooting

00:30:48.780 the

00:30:48.960 you

00:30:49.060 know

00:30:49.200 what

00:30:49.460 and

00:30:49.620 I

00:30:49.740 say

00:30:49.920 Richard

00:30:50.160 how

00:30:50.340 many

00:30:50.480 people

00:30:50.700 last

00:30:50.960 you

00:30:51.080 made

00:30:51.180 a

00:30:51.280 million

00:30:51.460 dollars

00:30:51.760 in

00:30:51.900 taxes

00:30:52.160 what

00:30:52.320 would

00:30:52.440 you

00:30:52.540 say

00:30:52.760 four

00:30:54.300 million

00:30:54.680 four

00:30:56.120 million

00:30:56.360 people

00:30:56.680 you

00:30:56.860 said

00:30:57.080 million

00:30:57.720 dollars

00:30:58.140 yeah

00:30:58.540 so

00:30:58.720 the

00:30:58.880 way

00:30:59.040 you

00:30:59.220 did

00:30:59.400 the

00:30:59.600 math

00:31:00.020 was

00:31:00.580 330

00:31:01.720 million

00:31:02.340 you

00:31:03.720 did

00:31:03.900 1%

00:31:04.760 little

00:31:05.040 over

00:31:05.240 1%

00:31:06.040 of

00:31:06.680 the

00:31:06.800 330

00:31:07.340 million

00:31:07.980 half

00:31:08.500 of

00:31:08.640 them

00:31:08.800 can't

00:31:09.240 work

00:31:09.500 because

00:31:09.760 their

00:31:09.940 kids

00:31:10.240 or

00:31:10.360 they're

00:31:10.560 older

00:31:10.960 so

00:31:11.680 working

00:31:12.160 employees

00:31:12.740 we

00:31:12.980 have

00:31:13.160 150

00:31:14.440 million

00:31:14.940 people

00:31:15.260 in

00:31:15.420 America

00:31:15.680 that

00:31:15.880 actually

00:31:16.200 work

00:31:16.700 and

00:31:17.680 out

00:31:17.840 of

00:31:17.900 the

00:31:18.000 150

00:31:18.440 million

00:31:18.820 that

00:31:19.080 work

00:31:19.660 1%

00:31:21.000 makes

00:31:21.380 around

00:31:21.620 460

00:31:22.360 1%

00:31:23.400 makes

00:31:23.680 460

00:31:24.220 if

00:31:24.820 you

00:31:24.940 know

00:31:25.020 how

00:31:25.120 they

00:31:25.240 say

00:31:25.340 you

00:31:25.440 into

00:31:25.560 1%

00:31:26.200 you

00:31:26.380 make

00:31:26.520 460

00:31:27.080 500

00:31:28.300 thousand

00:31:28.740 people

00:31:29.100 last

00:31:29.500 year

00:31:29.780 filed

00:31:30.740 in

00:31:31.740 their

00:31:31.920 income

00:31:32.240 taxes

00:31:32.700 that

00:31:33.000 they

00:31:33.140 made

00:31:33.280 over

00:31:33.420 a

00:31:33.540 million

00:31:33.700 dollars

00:31:34.160 500

00:31:35.200 thousand

00:31:35.700 it's

00:31:36.480 not

00:31:36.620 like

00:31:36.820 it's

00:31:36.980 only

00:31:37.140 18

00:31:37.560 people

00:31:38.000 it's

00:31:38.860 not

00:31:38.980 like

00:31:39.140 it's

00:31:39.320 only

00:31:39.560 62

00:31:40.520 thousand

00:31:40.960 people

00:31:41.420 it's

00:31:42.120 500

00:31:43.260 thousand

00:31:43.920 people

00:31:44.400 last

00:31:44.820 year

00:31:44.960 made

00:31:45.120 a

00:31:45.280 million

00:31:45.540 dollars

00:31:45.940 in

00:31:46.060 America

00:31:46.320 if

00:31:46.900 you

00:31:47.140 and

00:31:47.260 I

00:31:47.380 were

00:31:47.540 talking

00:31:47.880 and

00:31:48.080 you

00:31:48.200 were

00:31:48.340 to

00:31:48.480 say

00:31:48.720 I

00:31:49.420 climbed

00:31:49.880 Mount

00:31:50.160 Everest

00:31:50.540 and

00:31:50.940 I'm

00:31:51.100 the

00:31:51.240 only

00:31:51.480 one

00:31:51.720 that

00:31:51.900 did

00:31:52.100 it

00:31:52.280 after

00:31:52.800 65

00:31:53.300 years

00:31:53.620 old

00:31:53.880 you're

00:31:54.480 the

00:31:54.560 only

00:31:54.740 one

00:31:54.960 I'd be

00:31:55.140 like

00:31:55.260 oh my

00:31:55.600 I can

00:31:55.900 never

00:31:56.080 do it

00:31:56.480 I have

00:31:57.220 a hard

00:31:57.500 time

00:31:57.680 sometimes

00:31:58.060 climbing

00:31:58.500 my

00:31:58.760 office

00:31:59.140 here

00:31:59.400 you know

00:31:59.680 three

00:31:59.880 stories

00:32:00.320 I'm

00:32:00.880 going

00:32:01.060 crazy

00:32:01.580 you

00:32:02.080 climb

00:32:02.440 Mount

00:32:02.720 Everest

00:32:03.020 that's

00:32:03.700 impossible

00:32:04.240 I get

00:32:05.000 that

00:32:05.240 argument

00:32:05.640 that

00:32:06.080 not

00:32:06.420 everybody

00:32:06.840 can

00:32:07.100 climb

00:32:07.340 Mount

00:32:07.540 Everest

00:32:07.800 but

00:32:08.580 if

00:32:08.740 Richard

00:32:09.100 500

00:32:09.860 thousand

00:32:10.320 people

00:32:10.660 in

00:32:10.820 America

00:32:11.140 can

00:32:11.380 make

00:32:11.560 a

00:32:11.700 million

00:32:11.900 dollars

00:32:12.240 don't

00:32:13.000 you

00:32:13.140 think

00:32:13.440 one

00:32:13.740 million

00:32:14.120 people

00:32:14.400 can

00:32:14.620 make

00:32:14.780 a

00:32:14.920 million

00:32:15.100 dollars

00:32:15.360 don't

00:32:15.620 you

00:32:15.720 think

00:32:15.880 more

00:32:16.140 people

00:32:16.380 can

00:32:16.560 make

00:32:16.720 a

00:32:16.820 million

00:32:17.000 dollars

00:32:17.420 no

00:32:19.700 you don't

00:32:21.160 believe

00:32:21.500 that

00:32:21.900 no not

00:32:22.660 for one

00:32:23.020 minute

00:32:23.360 seriously

00:32:24.680 yeah

00:32:25.620 what's

00:32:26.280 your

00:32:26.440 argument

00:32:26.820 how do

00:32:27.480 you argue

00:32:27.800 that part

00:32:28.360 though so

00:32:28.720 500,000

00:32:29.980 Richard made

00:32:30.480 a million

00:32:30.760 dollars

00:32:31.040 last year

00:32:31.580 that's a

00:32:32.480 lot of

00:32:32.740 people

00:32:33.140 right but

00:32:33.980 in order

00:32:34.400 for there

00:32:34.800 to be

00:32:35.100 500,000

00:32:35.960 people

00:32:36.280 who make

00:32:36.700 a million

00:32:37.160 and there

00:32:38.520 have to

00:32:38.800 be an

00:32:39.140 awful

00:32:39.420 lot

00:32:39.720 of

00:32:39.840 people

00:32:40.160 who

00:32:40.620 make

00:32:40.840 very

00:32:41.120 little

00:32:41.480 which

00:32:42.360 we've

00:32:42.660 always

00:32:43.140 had

00:32:43.500 capitalism

00:32:43.960 has

00:32:44.480 always

00:32:45.280 produced

00:32:46.420 and

00:32:46.740 reproduced

00:32:47.640 vast

00:32:48.520 numbers

00:32:49.020 of poor

00:32:49.800 people

00:32:50.160 as a

00:32:51.000 system

00:32:51.440 it is

00:32:52.300 very

00:32:52.880 efficient

00:32:53.500 in

00:32:54.120 reproducing

00:32:55.120 vast

00:32:56.160 poverty

00:32:56.880 it might

00:32:57.860 be nice

00:32:58.440 to focus

00:32:59.120 on the

00:32:59.860 rich

00:33:00.220 at the

00:33:00.660 other

00:33:01.000 end

00:33:01.500 but they

00:33:02.300 are

00:33:02.540 relatively

00:33:03.120 small

00:33:03.820 in number

00:33:04.460 compared

00:33:05.140 to those

00:33:05.880 who really

00:33:06.420 are having

00:33:07.020 a hard

00:33:07.620 time

00:33:08.260 and you

00:33:09.200 could

00:33:09.740 I suppose

00:33:10.500 blame it

00:33:11.780 on the

00:33:12.160 individual

00:33:12.820 that would

00:33:13.900 be very

00:33:14.340 convenient

00:33:14.940 for those

00:33:15.580 who are

00:33:16.000 rich

00:33:16.480 because then

00:33:17.340 they could

00:33:17.740 claim

00:33:18.180 oh it's

00:33:18.960 because of

00:33:19.500 me

00:33:19.920 rather than

00:33:21.180 a system

00:33:21.760 that assigns

00:33:22.840 these roles

00:33:23.820 but you know

00:33:24.840 the master

00:33:25.480 knew that

00:33:26.560 the reason

00:33:27.020 he was a

00:33:27.640 master

00:33:28.060 was because

00:33:28.920 his father

00:33:29.620 and mother

00:33:30.140 were masters

00:33:31.040 and the

00:33:32.000 slave understood

00:33:32.940 that he

00:33:34.060 was

00:33:34.320 you're saying

00:33:35.600 in the world

00:33:36.040 of business

00:33:36.600 or you're

00:33:37.020 saying the

00:33:37.380 master

00:33:37.780 who owned

00:33:38.400 slaves

00:33:38.960 the master

00:33:39.640 who owned

00:33:40.160 slaves

00:33:40.600 and the

00:33:41.880 slave understood

00:33:42.800 he was a

00:33:43.560 slave

00:33:43.940 mostly because

00:33:45.180 his mother

00:33:45.600 and father

00:33:46.180 were slaves

00:33:47.220 and that's

00:33:47.580 how the

00:33:47.880 system

00:33:48.260 reproduced

00:33:49.700 the people

00:33:50.460 and at the

00:33:51.360 top of

00:33:51.840 capitalism

00:33:52.320 there is a

00:33:53.120 relatively

00:33:53.640 small class

00:33:54.900 I went to

00:33:55.860 school with

00:33:56.360 them for

00:33:56.700 10 years

00:33:57.200 I really do

00:33:57.820 know them

00:33:58.160 pretty well

00:33:58.780 and a good

00:33:59.520 number of

00:34:00.000 them are my

00:34:00.460 friends to

00:34:01.020 this day

00:34:01.660 but that's

00:34:02.960 a self

00:34:03.400 reproducing

00:34:04.340 group

00:34:04.900 that does

00:34:05.660 let others

00:34:06.420 in from

00:34:07.080 time to

00:34:07.720 time

00:34:08.140 you gotta

00:34:08.440 stop

00:34:08.880 hanging

00:34:09.120 around

00:34:09.360 with

00:34:09.520 Harvard

00:34:09.840 Yale

00:34:10.180 and Stanford

00:34:11.080 people

00:34:11.460 you gotta

00:34:11.860 get out

00:34:12.240 and go

00:34:12.460 to Glendale

00:34:12.900 Community

00:34:13.340 College

00:34:13.820 you gotta

00:34:14.880 get out

00:34:15.280 and go

00:34:15.500 to some

00:34:15.860 regular

00:34:16.220 people

00:34:16.520 like us

00:34:17.120 who are

00:34:17.380 not at

00:34:17.800 your level

00:34:18.220 of brilliance

00:34:18.800 and intelligence

00:34:19.460 and your

00:34:19.780 peers at

00:34:20.220 Harvard

00:34:20.460 you gotta

00:34:21.360 come and

00:34:21.700 hang out

00:34:22.000 with us

00:34:22.360 a little

00:34:22.600 you've

00:34:22.820 been hanging

00:34:23.120 around

00:34:23.320 with too

00:34:23.580 many

00:34:23.780 elitists

00:34:24.240 and powerful

00:34:24.740 people

00:34:25.080 Richard

00:34:25.440 some of

00:34:26.060 the small

00:34:26.460 people

00:34:26.820 are regular

00:34:27.360 people

00:34:27.900 no that

00:34:28.520 was over

00:34:28.980 when I was

00:34:29.640 you know

00:34:29.980 when I got

00:34:30.600 my PhD

00:34:31.280 at Yale

00:34:31.900 they always

00:34:32.740 looked at

00:34:33.200 me as

00:34:34.560 somebody who

00:34:35.320 must have

00:34:35.860 been dropped

00:34:36.400 on the floor

00:34:37.020 by his

00:34:37.500 mother at

00:34:38.100 an inopportune

00:34:38.840 moment when

00:34:39.580 he was a

00:34:40.060 baby because

00:34:41.180 he went in

00:34:41.980 this other

00:34:42.640 direction

00:34:43.320 you're not

00:34:43.780 supposed to

00:34:44.440 go to

00:34:45.460 become a

00:34:45.920 critic of

00:34:46.420 capitalism

00:34:46.920 if you go

00:34:47.580 to Harvard

00:34:48.000 Stanford

00:34:48.500 and Yale

00:34:49.060 if you're

00:34:49.780 not familiar

00:34:50.340 let me

00:34:50.840 assure you

00:34:51.660 that my

00:34:52.540 teachers

00:34:53.080 with very

00:34:54.340 very few

00:34:55.320 exceptions

00:34:55.900 were cheerleaders

00:34:57.680 for capitalism

00:34:58.800 every time

00:34:59.900 what year is

00:35:00.360 this

00:35:00.620 what year

00:35:01.200 is this

00:35:01.760 what year

00:35:02.420 is this

00:35:03.120 I entered

00:35:05.120 Harvard in

00:35:05.740 1959

00:35:06.520 and I

00:35:07.220 finished my

00:35:07.720 education

00:35:08.240 at Yale

00:35:08.800 in 1970

00:35:10.100 that makes

00:35:11.040 sense

00:35:11.280 a lot

00:35:11.800 has changed

00:35:12.560 in 50 years

00:35:13.340 well I've

00:35:13.880 been a

00:35:14.160 professor

00:35:14.560 at those

00:35:15.460 and other

00:35:16.040 universities

00:35:16.780 ever since

00:35:17.800 and in

00:35:18.800 my humble

00:35:19.400 opinion

00:35:19.920 nothing has

00:35:21.300 changed

00:35:21.980 it is the

00:35:23.940 same today

00:35:24.560 I go

00:35:25.440 around the

00:35:26.020 country

00:35:26.340 I speak

00:35:27.160 every year

00:35:28.540 in I

00:35:29.000 don't know

00:35:29.580 20

00:35:30.120 25

00:35:30.680 college and

00:35:32.080 university

00:35:32.640 settings

00:35:33.200 from state

00:35:34.560 schools and

00:35:35.220 community

00:35:35.620 colleges all

00:35:36.440 up to

00:35:36.900 private

00:35:37.420 universities

00:35:38.160 and the

00:35:39.500 combination

00:35:40.400 of

00:35:41.320 ignorance

00:35:42.760 there's no

00:35:43.220 nice way to

00:35:43.840 say this

00:35:44.340 the combination

00:35:45.120 of ignorance

00:35:46.060 about capitalism

00:35:47.520 and socialism

00:35:48.480 and all these

00:35:49.140 kinds of

00:35:49.540 questions

00:35:50.020 and the

00:35:51.000 combination

00:35:52.200 of that

00:35:52.820 ignorance

00:35:53.280 for many

00:35:53.880 and the

00:35:54.880 kind of

00:35:55.720 weird

00:35:57.240 confidence

00:35:58.180 in a

00:35:59.180 point of

00:35:59.660 view

00:35:59.920 for which

00:36:00.620 they have

00:36:01.000 no support

00:36:01.900 at all

00:36:02.520 teaches me

00:36:04.000 since these

00:36:04.800 are perfectly

00:36:05.260 nice and

00:36:05.900 intelligent

00:36:06.360 people

00:36:06.900 that this

00:36:07.840 remains a

00:36:08.980 taboo

00:36:09.780 topic

00:36:10.520 for most

00:36:11.320 kids

00:36:11.680 they do

00:36:12.140 not as

00:36:12.740 they go

00:36:13.080 through

00:36:13.320 college

00:36:13.800 whether it's

00:36:14.580 community

00:36:14.940 college or

00:36:15.540 university

00:36:16.180 they are

00:36:17.120 not exposed

00:36:17.940 they can't

00:36:18.800 be to

00:36:19.580 anybody

00:36:20.160 who takes

00:36:21.080 this stuff

00:36:21.740 the critique

00:36:22.520 of capitalism

00:36:23.440 seriously

00:36:24.500 they're just

00:36:25.020 not given

00:36:25.460 the opportunity

00:36:26.300 by the way

00:36:27.440 half the time

00:36:28.440 they invite me

00:36:29.260 it's precisely

00:36:30.360 to kind of

00:36:31.760 open a little

00:36:32.620 space

00:36:33.480 in a curriculum

00:36:34.680 that would

00:36:35.200 otherwise not

00:36:36.080 touch it

00:36:36.600 I don't know

00:36:37.280 about that

00:36:37.700 I think the

00:36:38.160 last I went

00:36:38.780 to Harvard

00:36:40.160 for a

00:36:41.560 OPM program

00:36:42.560 meaning an

00:36:43.120 owner president

00:36:43.780 management program

00:36:44.740 it's like a

00:36:45.120 three-week

00:36:45.500 program you go

00:36:46.140 to

00:36:46.460 and you have

00:36:47.460 to do a

00:36:47.820 certain amount

00:36:48.160 of dollars

00:36:48.560 per year

00:36:48.900 to qualify

00:36:49.360 for it

00:36:49.660 so I went

00:36:50.000 to it

00:36:50.360 and it was

00:36:51.160 the time

00:36:51.600 where Trump

00:36:52.700 and Hillary

00:36:53.240 were debating

00:36:53.840 okay

00:36:54.540 and so in

00:36:55.860 one of the

00:36:56.260 halls that says

00:36:56.900 we're opening

00:36:57.400 up the debate

00:36:58.040 teachers showed

00:36:58.800 up professors

00:36:59.340 showed up

00:36:59.820 everybody

00:37:00.420 showed up

00:37:01.060 and I'll

00:37:01.260 just go in

00:37:02.020 there and

00:37:02.660 I'll sit

00:37:03.060 in the corner

00:37:03.460 just to watch

00:37:04.140 to see what

00:37:04.520 happens

00:37:04.880 Richard

00:37:06.140 100%

00:37:08.240 of people

00:37:09.400 hate it

00:37:10.820 passionately

00:37:12.500 your favorite

00:37:13.860 person in the

00:37:14.520 world that you

00:37:14.920 have a painting

00:37:15.380 on the wall

00:37:15.820 right next to

00:37:16.400 you

00:37:16.480 President

00:37:16.800 Trump

00:37:17.180 they hated

00:37:18.300 they hated

00:37:19.600 President Trump

00:37:20.700 and they were

00:37:21.500 all like

00:37:22.540 bowing down

00:37:23.960 to how amazing

00:37:25.100 you know

00:37:26.260 Hillary Clinton

00:37:27.080 was

00:37:27.360 I'm talking

00:37:27.960 five six hundred

00:37:28.800 people

00:37:28.980 and I'm just

00:37:29.320 like sitting

00:37:29.740 and watching

00:37:30.120 and I'm like

00:37:30.460 wow

00:37:30.920 this is pretty

00:37:31.940 and this is a

00:37:32.340 guy that voted

00:37:32.920 for Clinton

00:37:33.500 and this is a

00:37:34.500 guy that voted

00:37:35.400 on the left

00:37:35.940 and the right

00:37:36.300 and he's a

00:37:36.660 registered independent

00:37:37.320 today

00:37:37.680 so I'm watching

00:37:38.620 these guys

00:37:38.940 I'm like wow

00:37:39.400 this is pretty

00:37:39.920 wild

00:37:40.240 so now

00:37:41.060 when I hire

00:37:41.680 people

00:37:42.080 and then they

00:37:42.440 come from

00:37:42.780 schools

00:37:43.140 if they come

00:37:44.060 out of UCLA

00:37:44.740 if they come

00:37:45.500 out of Harvard

00:37:46.380 if they come

00:37:47.120 out of Berkeley

00:37:49.040 obviously you know

00:37:49.860 where Berkeley's at

00:37:50.580 if they come

00:37:51.240 a lot of these

00:37:51.800 schools

00:37:52.140 even Yale

00:37:52.860 the reason why

00:37:55.660 Sanders was able

00:37:56.760 to get as much

00:37:57.400 traction as he did

00:37:58.420 is a byproduct

00:37:59.260 of the last

00:37:59.780 30 years

00:38:00.280 socialism's getting

00:38:01.160 a lot of

00:38:03.200 through education

00:38:04.120 and school

00:38:04.560 and a lot of

00:38:05.140 socialists

00:38:05.700 are able to

00:38:06.620 pass their agenda

00:38:07.280 to kids

00:38:07.660 and kids are

00:38:08.060 thinking about it

00:38:08.700 you're seeing

00:38:09.120 that it's not

00:38:09.540 like I'm

00:38:09.860 the first

00:38:10.160 person

00:38:10.420 that's telling

00:38:10.800 you this

00:38:11.180 so

00:38:11.840 stop

00:38:13.120 Patrick

00:38:13.920 I don't

00:38:14.340 agree

00:38:14.640 with that

00:38:15.120 you don't

00:38:16.100 agree

00:38:16.360 with the

00:38:16.700 fact

00:38:16.940 that

00:38:17.160 the spirit

00:38:17.820 of socialism

00:38:18.460 is in

00:38:18.840 universities

00:38:19.240 today

00:38:19.660 absolutely

00:38:20.740 let me

00:38:21.220 explain to

00:38:21.880 you what

00:38:22.180 I mean

00:38:22.480 first of

00:38:23.020 all

00:38:23.260 I don't

00:38:24.040 like

00:38:24.360 Hillary

00:38:24.880 Clinton

00:38:25.280 I would

00:38:25.720 not have

00:38:26.600 bowed

00:38:26.940 down to

00:38:27.340 Hillary

00:38:27.620 Clinton

00:38:27.980 then

00:38:28.320 I

00:38:28.500 wouldn't

00:38:28.740 do

00:38:28.920 it

00:38:29.060 now

00:38:29.480 she

00:38:30.160 is

00:38:30.540 for

00:38:30.780 me

00:38:31.120 the

00:38:31.440 other

00:38:31.740 side

00:38:32.340 of

00:38:32.620 the

00:38:32.800 same

00:38:33.100 coin

00:38:33.600 that

00:38:34.120 Mr.

00:38:34.400 Trump

00:38:34.800 is

00:38:35.000 on

00:38:35.160 the

00:38:35.300 other

00:38:35.500 side

00:38:35.900 of

00:38:36.140 and I

00:38:36.420 don't

00:38:36.560 want

00:38:36.760 that

00:38:36.980 coin

00:38:37.320 neither

00:38:37.620 the

00:38:37.820 one

00:38:38.060 side

00:38:38.460 nor

00:38:38.900 the

00:38:39.120 other

00:38:39.460 a

00:38:40.000 socialist

00:38:40.580 perspective

00:38:41.320 as far

00:38:41.760 as I

00:38:42.120 understand

00:38:42.600 it

00:38:43.040 has

00:38:44.020 you know

00:38:45.540 finds

00:38:45.980 the

00:38:46.200 distinction

00:38:47.240 between

00:38:47.800 those two

00:38:48.320 of them

00:38:48.800 minimal

00:38:49.580 it's not

00:38:50.460 zero

00:38:50.860 but it's

00:38:51.720 minimal

00:38:52.120 and an

00:38:52.860 excited

00:38:53.380 supporter

00:38:54.020 of either

00:38:54.660 of them

00:38:55.180 you would

00:38:55.860 not find

00:38:56.540 me

00:38:56.860 to be

00:38:57.820 now on

00:38:58.660 the question

00:38:59.080 of Bernie

00:38:59.600 and the

00:38:59.980 interest

00:39:00.380 in quote

00:39:01.060 unquote

00:39:01.400 socialism

00:39:02.160 I go

00:39:03.080 all over

00:39:03.680 the country

00:39:04.180 I really

00:39:04.600 do

00:39:04.780 I interact

00:39:05.260 with these

00:39:05.720 people

00:39:06.060 all the

00:39:06.580 time

00:39:06.920 and here's

00:39:07.800 what I

00:39:08.080 can tell

00:39:08.500 you

00:39:08.640 which may

00:39:08.980 comfort

00:39:09.260 you

00:39:09.520 may upset

00:39:10.080 you

00:39:10.340 I don't

00:39:10.800 know

00:39:11.040 they are

00:39:12.540 not

00:39:13.000 pro

00:39:14.620 socialist

00:39:15.280 whatever they

00:39:15.820 say on

00:39:16.280 their polls

00:39:16.940 what they

00:39:18.080 are

00:39:18.580 is bitter

00:39:19.800 and angry

00:39:21.000 that what

00:39:21.940 they took

00:39:22.720 to be

00:39:23.280 the promise

00:39:24.000 of capitalism

00:39:24.940 isn't

00:39:26.100 available

00:39:26.780 to them

00:39:27.480 they are

00:39:28.280 loaded up

00:39:29.180 with debt

00:39:29.720 going through

00:39:30.260 their college

00:39:30.980 the quality

00:39:31.860 and quantity

00:39:32.500 of jobs

00:39:33.120 they can get

00:39:33.740 with their

00:39:34.120 BA

00:39:34.480 is worse

00:39:35.460 than it's

00:39:35.900 ever been

00:39:36.580 they were

00:39:37.280 led to

00:39:37.780 expect

00:39:38.280 by their

00:39:38.760 parents

00:39:39.280 by their

00:39:39.800 minister

00:39:40.240 by the

00:39:41.020 community

00:39:41.520 they grew

00:39:41.980 up in

00:39:42.480 a set

00:39:44.140 of opportunities

00:39:44.900 that are

00:39:45.400 fast

00:39:46.100 disappearing

00:39:46.800 and they

00:39:47.580 know it

00:39:48.080 from talking

00:39:48.660 to one

00:39:49.080 another

00:39:49.460 they feel

00:39:50.440 to be

00:39:50.840 blunt

00:39:51.300 betrayed

00:39:52.300 by capitalism

00:39:53.580 that's what

00:39:54.640 they're saying

00:39:55.560 when they say

00:39:56.240 well what's

00:39:56.720 wrong with

00:39:57.080 socialism

00:39:57.500 because it

00:39:58.380 really isn't

00:39:59.140 that socialism

00:39:59.800 has captured

00:40:00.760 them or that

00:40:01.820 they even

00:40:02.160 know much

00:40:02.800 about it

00:40:03.380 it's just

00:40:04.220 it's their

00:40:04.840 way of

00:40:05.300 giving the

00:40:05.820 finger

00:40:06.240 to capitalism

00:40:07.480 I agree with what you just said

00:40:09.580 and I totally agree with what you just said

00:40:11.560 but this is the part I agree with

00:40:12.940 let me explain

00:40:13.520 so you said

00:40:14.960 it's not that

00:40:16.720 you know how nowadays

00:40:17.460 they say people don't vote for somebody

00:40:18.960 they vote against somebody

00:40:20.380 you've heard this before

00:40:21.600 you're in time

00:40:21.960 yes

00:40:22.600 so they're bitter

00:40:24.260 at capitalism

00:40:25.240 okay

00:40:25.640 so now go to capitalism

00:40:26.720 so now

00:40:27.340 the next question I'll be asking you

00:40:29.000 is what is the definition of capitalism to you

00:40:31.460 because you went straight from capitalism

00:40:33.780 to college debt

00:40:35.500 that college debt is not capitalism

00:40:37.500 college debt is controlled by

00:40:39.180 the government being able to

00:40:40.880 push every debt through them

00:40:42.780 to find a way to make more money

00:40:44.240 college could be

00:40:45.320 one-sixth of a cost

00:40:46.660 what it is today

00:40:47.300 when you got a Harvard university

00:40:48.960 sitting on 40 billion dollars

00:40:51.000 of endowment

00:40:52.600 and they took an 8.55 million dollar check

00:40:55.220 from the government

00:40:55.840 just two months ago

00:40:56.800 because of coronavirus

00:40:57.960 and they're sitting on 40 billion

00:41:00.060 colleges are more expensive

00:41:01.640 because of government

00:41:02.480 if you look at that

00:41:03.360 debt is higher

00:41:05.400 due to government

00:41:06.300 they don't have to lower

00:41:07.820 the interest rates

00:41:08.580 the way they are

00:41:09.140 to where it is today

00:41:10.340 giving money away constantly

00:41:12.300 to bail people out

00:41:13.780 that's the government's ties

00:41:15.140 that's not a capitalistic system

00:41:17.020 a true capitalistic system

00:41:19.360 is not the involvement

00:41:20.460 of the government

00:41:21.020 trying to bail out

00:41:21.720 some of these too big

00:41:22.360 to fail companies

00:41:23.100 so I'm not coming from a place of

00:41:25.440 let's go bail out

00:41:26.900 another of these big companies

00:41:28.580 and let's not prevent them

00:41:29.600 from going out of business

00:41:30.440 if they screw up

00:41:31.140 they should go out of business

00:41:32.080 but that's not capitalism

00:41:33.480 that is a

00:41:34.280 and I'll finish up

00:41:34.980 and I'll give you

00:41:35.440 turn it over to you

00:41:36.760 that is a interpretation

00:41:39.220 of these teachers

00:41:41.440 who have jobs

00:41:42.980 making 49 grand a year

00:41:45.120 62,000 a year

00:41:47.000 82,000 a year

00:41:48.460 if they're professors

00:41:49.140 or maybe higher-ups

00:41:50.220 private school

00:41:51.320 most teachers

00:41:52.260 you know don't make

00:41:52.820 a lot of money

00:41:53.280 they make 36,000

00:41:54.240 40,000

00:41:54.760 I don't see teachers

00:41:56.600 getting up saying

00:41:57.460 capitalism's awesome guys

00:41:59.360 I don't see that

00:42:00.520 I see teachers

00:42:01.740 for 16 years

00:42:03.440 saying how bad capitalism is

00:42:06.120 and how bad rich people are

00:42:08.040 because they're not

00:42:08.760 the happiest people

00:42:09.500 in the world

00:42:09.940 16 years later

00:42:11.240 these 22 year old kids

00:42:12.260 are like

00:42:12.560 dude these rich people suck

00:42:13.800 and capitalism sucks

00:42:14.720 who's against rich people

00:42:16.360 Bernie

00:42:16.960 I'll freaking vote

00:42:17.960 for this guy

00:42:18.500 that's how I see

00:42:19.460 the process

00:42:19.900 and taking place

00:42:20.660 what do you think?

00:42:21.500 good I'm glad you put it that way

00:42:24.080 so let me tell you

00:42:25.120 how and why I disagree

00:42:26.440 with what you said

00:42:28.300 I find it somewhere

00:42:31.300 between amusing

00:42:33.000 and ironic

00:42:35.220 that the defenders

00:42:37.580 of capitalism

00:42:38.600 have had to resort

00:42:40.000 particularly in recent decades

00:42:41.880 to what I take

00:42:43.400 to be a hustle

00:42:44.580 it's like selling you

00:42:47.580 snake oil medicine

00:42:49.460 that's going to cure you

00:42:50.580 of everything

00:42:51.080 here's the hustle

00:42:52.140 here's the hustle

00:42:52.940 when you

00:42:55.100 when there's unemployment

00:42:56.380 in this country

00:42:57.720 it's because the employer

00:42:59.120 has fired you

00:43:00.220 when you lose your home

00:43:02.540 it's because the bank

00:43:03.740 or the lender

00:43:04.380 has foreclosed on you

00:43:05.880 so when you have a system

00:43:09.140 that periodically

00:43:10.140 every four to seven years

00:43:11.560 has a crash

00:43:12.380 in which millions of people

00:43:14.480 are thrown out of work

00:43:15.540 the instability of capitalism

00:43:17.480 is stupefying

00:43:18.500 or it produces

00:43:20.320 enormous inequality

00:43:21.660 which these days

00:43:22.680 is also stupefying

00:43:23.960 you run the risk

00:43:25.700 that people will in fact

00:43:27.280 turn against the system

00:43:30.200 that they've been told

00:43:31.780 is what they are living in

00:43:33.700 namely capitalism

00:43:34.960 so it was a smart move

00:43:37.180 hustler is a mixed thing

00:43:39.560 good or bad

00:43:40.280 it was a good hustle

00:43:41.920 to say

00:43:43.240 hey

00:43:43.960 given our system

00:43:45.740 it's going to piss off

00:43:47.260 an awful lot of people

00:43:48.660 we need to train

00:43:50.800 those people

00:43:51.660 to blame

00:43:52.980 something

00:43:53.740 other

00:43:54.560 than the system

00:43:56.100 and the target

00:43:57.600 that was chosen

00:43:58.560 and this is very old

00:43:59.940 is the government

00:44:01.520 so you have this phenomenon

00:44:03.380 in America

00:44:04.240 unemployed people

00:44:05.740 don't blame

00:44:06.880 the employer

00:44:07.660 who fired them

00:44:08.740 they blame instead

00:44:10.480 the government

00:44:11.360 they find something

00:44:12.820 that they can point to

00:44:14.160 that the government

00:44:15.340 is the bad guy

00:44:16.640 lying behind

00:44:17.660 and causing

00:44:18.840 the nice employer

00:44:20.360 to fire me

00:44:21.360 or the nice banker

00:44:22.720 to dispossess me

00:44:24.140 of my home

00:44:25.040 and destroy my family

00:44:26.500 and all the rest of it

00:44:27.620 this

00:44:28.400 this remarkable

00:44:29.760 and Ayn Rand

00:44:30.860 is obviously

00:44:31.560 with all of this

00:44:32.920 this notion

00:44:33.980 that the government

00:44:34.880 is the bad guy

00:44:36.220 which neatly

00:44:37.640 avoids the question

00:44:39.040 gee

00:44:39.900 why would the government

00:44:42.060 be the bad guy

00:44:43.420 is that intrinsic

00:44:44.620 to government

00:44:45.380 some people say yes

00:44:47.020 well historically

00:44:47.920 they've been the bad guy

00:44:49.080 historically

00:44:50.880 and in the present

00:44:51.940 I mean the blaming

00:44:52.780 the government

00:44:53.420 is an American pastime

00:44:55.240 it's more popular

00:44:56.280 than baseball

00:44:57.120 not in Iran

00:44:58.220 I lived in Iran

00:44:59.080 we said it

00:44:59.660 I lived in Germany

00:45:00.460 they said it

00:45:01.140 the government

00:45:01.880 historically

00:45:02.620 has been the biggest

00:45:03.520 bully in the world

00:45:04.500 that is

00:45:05.420 that is proven

00:45:06.360 now careful

00:45:07.600 it has been said

00:45:09.120 by people

00:45:09.800 who want the blame

00:45:11.340 for a system failure

00:45:12.760 not to go

00:45:14.240 on the system

00:45:15.260 no

00:45:16.020 that's a bit

00:45:17.680 of a hustle

00:45:18.380 I would explain

00:45:19.480 what the government

00:45:20.240 does

00:45:20.800 because of who

00:45:21.920 controls the government

00:45:23.140 who has the

00:45:24.180 predominant influence

00:45:25.580 governments

00:45:26.360 do what they

00:45:27.740 are pressed

00:45:28.400 to do

00:45:29.120 you know

00:45:29.760 who writes

00:45:30.400 the laws

00:45:31.140 in this country

00:45:31.880 it's the lobbyists

00:45:33.180 and you know

00:45:34.020 I hope you know

00:45:35.040 that 90% of lobbyists

00:45:36.980 come from

00:45:37.720 capitalist enterprises

00:45:39.120 nobody else

00:45:40.100 can afford it

00:45:40.940 you know

00:45:41.800 the big donations

00:45:43.180 come from

00:45:43.780 the richest people

00:45:44.680 who are enriched

00:45:45.520 mostly by big business

00:45:47.220 etc etc

00:45:48.480 the government

00:45:49.380 is the agent

00:45:50.600 not of all of us

00:45:52.260 but of those of us

00:45:53.500 who have the ability

00:45:54.440 to shape

00:45:55.440 and influence

00:45:56.180 what the government

00:45:57.320 does

00:45:57.880 blaming the government

00:45:59.280 is very useful

00:46:00.960 to get the capitalist

00:46:02.080 system

00:46:02.820 off the hook

00:46:03.980 but I don't

00:46:05.480 take that

00:46:06.340 seriously

00:46:07.300 for me

00:46:08.140 the government

00:46:09.320 is another

00:46:10.600 arm of the system

00:46:12.180 the system works

00:46:13.200 some of its magic

00:46:14.800 through private enterprise

00:46:16.020 and some of its magic

00:46:17.580 through the government's

00:46:18.920 shaping

00:46:19.380 and interaction

00:46:20.760 and for me

00:46:22.060 that's what socialism

00:46:23.780 one of its important

00:46:25.380 insights

00:46:26.000 is to understand

00:46:27.460 that the pretense

00:46:29.140 of the government

00:46:29.960 as an independent

00:46:31.560 actor

00:46:32.300 in the society

00:46:33.640 is mostly

00:46:35.000 phony

00:46:36.280 it's false

00:46:37.200 it's not

00:46:37.700 it's not what's going on

00:46:39.220 and that the change

00:46:40.460 therefore

00:46:40.860 can never just be

00:46:42.500 elect tweedle dumb

00:46:45.000 or elect tweedle deep

00:46:46.780 Clinton

00:46:47.820 Trump

00:46:48.700 yes

00:46:49.520 they're different

00:46:50.280 but in many ways

00:46:51.860 they're the same

00:46:52.720 I don't know if you saw it

00:46:54.260 a few years ago

00:46:55.120 Nancy Pelosi

00:46:56.160 was giving a talk

00:46:58.180 somewhere

00:46:58.540 in a college

00:46:59.240 and a student

00:47:00.000 a young man

00:47:00.920 raised his hand

00:47:01.860 and asked her

00:47:02.940 about socialism

00:47:03.900 and you could tell

00:47:05.500 the video was right on her

00:47:07.180 she was very perplexed

00:47:09.080 and she looked

00:47:10.240 kind of befuddled

00:47:11.300 took a few extra seconds

00:47:13.160 and then looked at the young man

00:47:14.760 perfectly nicely

00:47:15.900 and said

00:47:17.040 I really don't know

00:47:18.600 what you're referring to

00:47:20.060 we are all capitalists now

00:47:24.140 I've seen that

00:47:25.160 yeah

00:47:25.700 perfect

00:47:26.440 I couldn't have said it

00:47:28.080 better myself

00:47:28.680 that's exactly right

00:47:30.060 capitalism has two

00:47:31.600 political parties

00:47:32.540 in the United States

00:47:32.960 what's your point though

00:47:33.700 what's your point with that

00:47:34.680 the point is that

00:47:35.740 the government

00:47:36.240 should not be made

00:47:37.660 the fall guy

00:47:38.600 it's not appropriate

00:47:40.240 the government

00:47:41.100 is not an independent

00:47:42.240 it's not the fall guy

00:47:43.580 it's not the fall guy

00:47:44.720 that's not what I'm saying

00:47:45.760 let me explain

00:47:46.180 what I mean by being a fall guy

00:47:47.100 by the way

00:47:47.480 Richard

00:47:48.100 historically

00:47:48.700 you cannot dispute

00:47:49.960 the fact that

00:47:50.720 government's not bullied people

00:47:52.220 I mean

00:47:52.840 you can't dispute

00:47:53.880 I understand today

00:47:54.980 some people are massive corporations

00:47:57.680 they can push people around

00:47:59.020 they can censor people

00:47:59.980 they can do a lot of things today

00:48:01.400 and no one's disputing that part

00:48:03.060 but what I'm talking about is

00:48:05.000 when you're talking about

00:48:06.640 you know

00:48:08.000 the power government pushes around

00:48:10.420 and some things they do

00:48:11.380 so earlier you said

00:48:12.840 you're also not a government guy

00:48:14.340 now you're saying

00:48:15.640 it's an escape

00:48:16.480 that the capitalists use

00:48:18.040 to blame it all on governments

00:48:19.800 so let me ask you this question

00:48:21.180 what is the only way

00:48:23.040 I can have a monopoly

00:48:24.260 with the help of who

00:48:25.260 what is the only way

00:48:27.180 I can have a monopoly

00:48:28.340 can I have a monopoly

00:48:29.640 all by myself

00:48:30.400 is it possible

00:48:31.660 for me to build a business

00:48:33.400 and be the biggest

00:48:34.420 and have a monopoly

00:48:35.380 all by myself

00:48:37.080 or do I need someone's help

00:48:38.300 according to everything

00:48:40.240 that the discipline of economics

00:48:42.380 has ever argued

00:48:43.580 the answer is

00:48:44.960 for sure

00:48:45.960 you can do it by yourself

00:48:47.860 there's no way in the world

00:48:49.180 I can do it by myself

00:48:50.160 no way in the world

00:48:51.620 I can let me explain to you

00:48:52.420 why I cannot do it by myself

00:48:53.320 so there's no

00:48:54.680 I need the laws

00:48:55.820 to be on my side

00:48:56.820 because I need you

00:48:58.960 who work for the state

00:49:00.480 that your campaign's coming up

00:49:02.080 to tell you

00:49:03.000 I need you to make

00:49:03.800 the barrier to enter

00:49:05.000 very very tough

00:49:06.260 and allow me to buy

00:49:07.280 that company

00:49:07.960 for 17 billion dollars

00:49:09.800 to put my competition

00:49:10.760 out of business

00:49:11.420 for me to own a monopoly

00:49:12.820 and without your approval

00:49:14.540 I can't have a monopoly

00:49:15.840 because with your approval

00:49:17.560 if you follow the law

00:49:19.240 I get stopped

00:49:20.260 I can't make certain moves

00:49:21.960 the only way

00:49:22.900 you see monopolies

00:49:23.800 is with the help

00:49:24.580 of the government

00:49:25.540 coming in and saying

00:49:26.400 don't worry about it

00:49:27.380 I'll help you out

00:49:27.940 let's go make this monopoly happen

00:49:29.140 or else it's not possible

00:49:30.380 it's not possible

00:49:31.600 to do so

00:49:32.220 let me give you

00:49:33.260 the counter argument

00:49:34.160 we have two basic laws

00:49:35.540 in the United States

00:49:36.320 against monopoly

00:49:37.240 okay

00:49:37.900 one is the

00:49:39.380 Sherman anti-

00:49:40.160 you know the story

00:49:41.020 okay

00:49:41.300 those laws

00:49:42.100 were fought for

00:49:43.360 by the victims

00:49:44.900 of monopolies

00:49:46.320 that had come into power

00:49:47.960 independent of

00:49:49.360 governmental support

00:49:50.980 the whole purpose

00:49:52.280 of those laws

00:49:53.340 was to not only

00:49:54.880 prevent the government

00:49:55.860 from helping monopolies

00:49:57.760 but to put the government

00:49:59.160 in the business

00:50:00.060 of breaking up

00:50:01.640 the monopolies

00:50:02.920 that had formed

00:50:03.940 on their own

00:50:05.340 in economics

00:50:06.580 here's how the logic works

00:50:08.620 now

00:50:09.680 if you look at the cost

00:50:11.380 of producing a commodity

00:50:13.020 over time

00:50:14.220 the line

00:50:15.300 the cost curve

00:50:16.480 it's called in economics

00:50:17.640 keeps going down

00:50:19.040 it's basically the law

00:50:20.420 of the larger

00:50:21.780 the quantity of goods

00:50:22.800 you produce

00:50:23.380 the cheaper

00:50:23.920 each unit costs you

00:50:25.600 and that's kind of

00:50:26.700 built into modern technology

00:50:28.280 sure

00:50:28.600 so

00:50:29.260 if you have

00:50:30.340 500 firms competing

00:50:32.200 each one trying to

00:50:33.880 capture the market

00:50:34.740 for whatever

00:50:35.760 the one that gets

00:50:37.640 the jump

00:50:38.300 for whatever reason

00:50:39.420 in step one

00:50:40.800 to be able to sell

00:50:42.260 more X's

00:50:43.540 than the other guy

00:50:44.440 will be able to

00:50:45.660 produce at a lower cost

00:50:47.260 eventually

00:50:48.200 when you follow

00:50:49.080 the logic

00:50:49.640 there's one guy left

00:50:51.300 the one who produced

00:50:52.700 the largest amount

00:50:53.920 therefore got it

00:50:55.060 to the lowest cost

00:50:56.300 could charge

00:50:57.240 the lowest price

00:50:58.380 and that would

00:50:59.140 outcompete

00:50:59.740 all the others

00:51:00.560 monopoly

00:51:01.640 is the product

00:51:03.320 of competition

00:51:04.640 the irony of

00:51:06.380 by the way

00:51:07.040 this is in Adam Smith

00:51:08.240 not just Karl Marx

00:51:09.700 and others

00:51:10.180 the logic of capitalism

00:51:12.420 is a competitive

00:51:14.420 system

00:51:15.240 that destroys

00:51:16.680 itself

00:51:17.780 and that has

00:51:18.900 in fact happened

00:51:19.980 and led to the

00:51:21.200 opposition

00:51:21.860 of other companies

00:51:23.500 and the public

00:51:24.600 who don't want to be

00:51:25.660 ripped off

00:51:26.380 by this process

00:51:27.860 can you

00:51:28.400 can you elaborate

00:51:29.200 and define

00:51:29.920 destroys itself

00:51:30.960 what does

00:51:31.440 destroys itself

00:51:32.380 mean

00:51:32.540 like a company

00:51:33.280 I'm competing

00:51:34.400 and then I get

00:51:35.600 too casual

00:51:36.160 too lazy

00:51:36.620 somebody else

00:51:37.160 comes and destroys

00:51:37.860 me

00:51:38.180 is that what you're

00:51:38.860 saying

00:51:39.020 no no no no

00:51:39.620 this is a situation

00:51:41.260 where there's 500

00:51:43.500 companies producing

00:51:44.680 I don't know

00:51:45.260 potato chips

00:51:46.100 and one of them

00:51:47.900 comes across

00:51:48.860 a new kind of potato

00:51:49.860 and it goes better

00:51:51.460 so he can sell

00:51:52.420 more potato chips

00:51:53.600 than the next guy

00:51:54.480 because he can sell

00:51:55.720 10 million bags

00:51:56.900 instead of 2 million bags

00:51:58.420 he can produce

00:51:59.640 potato chips

00:52:00.560 at less per bag

00:52:02.560 than it costs

00:52:03.500 the other guys

00:52:04.200 who produce

00:52:04.680 a smaller amount

00:52:05.860 so because he can

00:52:07.740 produce at a lower cost

00:52:09.160 he drops the price

00:52:11.060 that swings the demand

00:52:13.080 over to his product

00:52:14.960 and away from the others

00:52:16.480 who can't afford

00:52:17.520 to match him

00:52:18.340 because they don't have

00:52:19.260 the low cost

00:52:20.080 since they don't have

00:52:21.000 the big

00:52:21.460 the big output

00:52:23.140 eventually

00:52:24.220 one guy

00:52:25.220 is able to get

00:52:26.380 the entire market

00:52:27.520 and he will produce

00:52:28.760 at the lowest

00:52:29.400 possible price

00:52:30.600 and the lowest

00:52:31.700 possible cost

00:52:32.760 the others go out

00:52:33.800 of business

00:52:34.400 because at the price

00:52:35.660 he charges

00:52:36.520 close to what

00:52:37.740 his cost is

00:52:38.660 they can't compete

00:52:40.460 and so he's left

00:52:41.960 all alone

00:52:43.200 once that moment

00:52:44.860 is reached

00:52:45.620 once he has

00:52:47.280 no more competitors

00:52:48.500 then

00:52:49.960 then

00:52:51.060 he can begin

00:52:52.300 to jack up

00:52:53.080 the price

00:52:53.780 because you don't

00:52:54.840 have anywhere else

00:52:56.020 give me one example

00:52:57.240 give me one example

00:52:58.420 of that today

00:52:59.100 one example

00:53:00.280 of that today

00:53:00.980 why you want it today

00:53:02.760 it's all through history

00:53:03.840 no no

00:53:04.200 give it to me today

00:53:05.180 give me one example

00:53:06.380 of that today

00:53:07.040 microsoft

00:53:08.840 microsoft

00:53:10.040 amazon

00:53:11.120 amazon doesn't

00:53:12.500 have competition

00:53:13.100 and amazon

00:53:13.920 charges up prices

00:53:14.860 what's expensive

00:53:15.740 on amazon

00:53:16.340 amazon has driven

00:53:17.760 almost everybody

00:53:18.880 out

00:53:19.340 but what

00:53:19.900 what is expensive

00:53:21.180 on amazon

00:53:21.800 name me one thing

00:53:23.720 that's overpriced

00:53:24.560 on amazon

00:53:25.020 richard

00:53:25.420 your argument

00:53:26.020 i want to give it

00:53:26.800 to you

00:53:26.940 that's not my

00:53:29.000 argument

00:53:29.620 you said eventually

00:53:30.960 they raised the price

00:53:31.840 i'm just repeating

00:53:32.500 what you said

00:53:33.080 tell me one thing

00:53:34.180 that's overpriced

00:53:34.940 on amazon

00:53:35.400 they're not

00:53:36.220 they're not ready

00:53:36.920 to at that point

00:53:37.840 yet they're not

00:53:38.360 the only deliverer

00:53:39.320 that's just not

00:53:39.960 possible though

00:53:40.760 because right now

00:53:42.280 amazon is scared

00:53:43.180 shitless of walmart

00:53:44.420 right

00:53:45.580 shitless of walmart

00:53:46.920 that's because

00:53:47.460 capitalism works

00:53:48.580 now my concern

00:53:50.000 is the following

00:53:50.920 my concern is

00:53:52.080 bezos moves

00:53:52.800 moves to dc

00:53:53.920 he moves to dc

00:53:55.500 that scares me

00:53:56.500 he moves to dc

00:53:58.300 he gets in the

00:53:59.560 pocket of lobbyists

00:54:00.580 i'm not sitting here

00:54:01.400 you know

00:54:02.100 oh my gosh

00:54:02.780 jeff bezos is the

00:54:03.460 greatest entrepreneur

00:54:04.040 that's not what i'm

00:54:04.480 saying

00:54:04.720 my concern is

00:54:06.120 is his next move

00:54:07.620 is to buy politicians

00:54:09.740 to be able to bully

00:54:11.500 the other guys

00:54:12.300 that's my concern

00:54:13.240 i'm not okay for that

00:54:14.180 but you cannot tell me

00:54:15.460 that the prices at

00:54:16.300 walmart or amazon

00:54:17.720 are so expensive

00:54:18.720 that doesn't make any

00:54:19.820 sense because it's not

00:54:20.440 true

00:54:20.720 well i mean

00:54:22.240 it depends what you

00:54:22.920 mean by expensive

00:54:23.900 but i would tell you

00:54:25.000 that they also

00:54:25.800 make very careful

00:54:27.360 arrangements

00:54:28.100 not to put each

00:54:29.920 other in that

00:54:30.740 competitive

00:54:31.260 situation

00:54:32.340 they're exactly

00:54:33.640 aware of what i

00:54:34.680 told you

00:54:35.160 they're aware

00:54:35.960 that this is a race

00:54:37.160 to see who gets

00:54:38.400 to be the one

00:54:39.160 with the lowest

00:54:39.800 cost

00:54:40.360 and that whoever

00:54:41.320 that is

00:54:42.080 customer wins

00:54:43.060 wait a minute

00:54:43.640 that's the way

00:54:44.160 the game is played

00:54:45.080 and that's how

00:54:45.800 you go out of

00:54:46.500 business

00:54:46.900 these companies

00:54:48.160 then can get

00:54:48.920 together

00:54:49.380 when they've

00:54:50.040 gone down

00:54:50.560 from 50

00:54:51.340 or 500

00:54:52.240 to only 6

00:54:53.140 or 7

00:54:53.620 and then they

00:54:54.520 work out an

00:54:55.180 arrangement

00:54:55.620 the history

00:54:56.360 of antitrust

00:54:57.220 is the history

00:54:57.940 of the government

00:54:58.600 breaking in

00:55:00.120 at those times

00:55:01.200 because like

00:55:02.460 with amazon

00:55:03.000 and walmart

00:55:04.120 there's a reason

00:55:05.120 that that

00:55:05.600 bezos is the

00:55:06.320 richest man

00:55:06.900 in the world

00:55:07.460 and the walmart

00:55:08.380 family is the

00:55:09.160 richest in the

00:55:09.800 world

00:55:10.060 they have jacked

00:55:11.240 up the prices

00:55:12.000 above their

00:55:13.220 cost

00:55:13.520 oh my gosh

00:55:14.420 because they

00:55:16.220 had no competition

00:55:17.120 it's a complete

00:55:18.120 opposite argument

00:55:19.360 the argument

00:55:20.140 is john doe's

00:55:21.720 market

00:55:22.260 in toledo

00:55:23.740 was selling

00:55:24.240 milk for

00:55:24.840 459

00:55:26.120 walmart

00:55:27.100 came in

00:55:27.560 and says

00:55:27.860 this guy

00:55:28.320 is charging

00:55:28.800 it for

00:55:29.120 too much

00:55:29.620 we'll sell

00:55:30.300 it to you

00:55:30.540 for 359

00:55:31.460 john had

00:55:32.020 to lower

00:55:32.400 to 349

00:55:33.260 to be able

00:55:33.620 to compete

00:55:34.040 it's the

00:55:34.660 complete opposite

00:55:35.360 argument there

00:55:36.100 that argument

00:55:37.160 doesn't have

00:55:37.620 weight behind

00:55:38.180 it richard

00:55:38.620 it does

00:55:39.100 it's always

00:55:39.640 been the

00:55:40.080 history

00:55:40.480 you lower

00:55:41.320 the price

00:55:42.060 you drive

00:55:43.120 out your

00:55:43.620 competitors

00:55:44.260 and when you

00:55:45.440 have reached

00:55:45.940 down to

00:55:46.460 three or four

00:55:47.040 not one

00:55:47.420 example of it

00:55:48.000 today

00:55:48.300 there's not

00:55:49.020 one example

00:55:49.520 of it today

00:55:49.960 listen

00:55:50.880 that's the

00:55:51.820 history of

00:55:52.360 the automobile

00:55:52.720 but i'm

00:55:53.060 telling you

00:55:53.540 today you

00:55:54.040 don't have

00:55:54.420 one example

00:55:55.120 of that

00:55:55.480 today

00:55:55.840 one

00:55:56.400 we had a

00:55:57.840 dozen

00:55:58.240 overpriced

00:55:59.280 what are you

00:55:59.700 buying that's

00:56:00.200 overpriced

00:56:01.180 what are you

00:56:01.840 buying that's

00:56:02.280 overpriced

00:56:03.160 everything you

00:56:04.000 buy from

00:56:04.660 amazon and

00:56:05.700 walmart

00:56:06.280 is priced

00:56:07.480 higher than

00:56:08.680 a competitive

00:56:09.520 alternative

00:56:10.340 would price

00:56:11.440 what are you

00:56:11.980 talking about

00:56:12.660 everything i

00:56:13.580 buy on amazon

00:56:14.520 is cheaper

00:56:15.260 than the other

00:56:15.840 places i buy

00:56:16.840 that's why people

00:56:17.920 are buying on

00:56:18.600 amazon

00:56:18.960 so if you

00:56:19.980 would have

00:56:20.240 taken the

00:56:21.440 argument the

00:56:21.960 other way

00:56:22.380 around that's

00:56:22.920 where i get

00:56:23.420 stuck

00:56:23.740 so here's a

00:56:24.500 suggestion for

00:56:25.120 you to know

00:56:25.420 that a

00:56:25.720 capitalist gets

00:56:26.300 stuck

00:56:26.560 the part

00:56:27.740 that i get

00:56:28.280 stuck is if

00:56:29.020 you say to

00:56:29.740 me well what

00:56:30.760 about poor

00:56:31.260 bobby that

00:56:31.780 runs a small

00:56:32.320 market with

00:56:32.880 seven employees

00:56:33.700 and he can't

00:56:34.840 afford to pay

00:56:35.460 the minimum

00:56:35.860 wage because

00:56:37.000 when uh

00:56:37.840 bernie sanders

00:56:38.800 went up and

00:56:39.280 said raise the

00:56:40.260 minimum wage

00:56:40.900 jeff bezos to

00:56:41.800 fifteen dollars

00:56:42.520 an hour and

00:56:44.080 you know what

00:56:44.480 jeff said oh

00:56:45.340 thank you bernie

00:56:46.480 you just put

00:56:47.400 out fifty percent

00:56:48.300 of my competition

00:56:49.080 i will gladly

00:56:50.500 raise it to

00:56:51.400 fifteen dollars

00:56:52.080 and our mr

00:56:52.680 socialist thank

00:56:54.160 you for

00:56:54.460 eliminating my

00:56:55.100 competition

00:56:55.640 why because

00:56:57.180 none of my

00:56:58.040 competitors in

00:56:58.880 toledo kansas can

00:57:00.200 raise the minimum

00:57:00.960 wage for fifteen

00:57:01.680 bucks an hour

00:57:02.220 because it's

00:57:02.720 impossible he

00:57:04.080 officially put

00:57:04.680 people out of

00:57:05.160 business the

00:57:05.860 argument that you

00:57:06.820 could have made

00:57:07.340 for me to say

00:57:08.080 that makes sense

00:57:08.600 is what does

00:57:09.460 that joey do

00:57:09.980 that runs a

00:57:10.400 small market

00:57:10.900 how do i help

00:57:11.640 that guy out

00:57:12.220 him and his

00:57:12.960 wife have been

00:57:13.440 running that

00:57:13.880 business for

00:57:14.420 six years now

00:57:15.180 they're passing

00:57:15.760 on to their

00:57:16.180 kids that that

00:57:17.380 place has got

00:57:18.920 my dad worked

00:57:19.520 out of 99

00:57:20.060 cents or people

00:57:20.680 would come they

00:57:21.200 knew david i

00:57:22.440 once gave a

00:57:22.960 talk in front of

00:57:23.540 a couple thousand

00:57:24.120 people and i

00:57:25.420 kept talking about

00:57:26.060 my dad david and

00:57:26.980 where the off where

00:57:27.740 the 99 cents

00:57:28.580 was on inglewood

00:57:29.420 and he says what

00:57:30.700 does david look

00:57:31.400 like i said like

00:57:32.500 this he says i

00:57:33.040 went to david

00:57:33.620 every week it

00:57:34.160 was an emotional

00:57:34.740 moment for me

00:57:35.400 because it's like

00:57:36.000 they wanted to

00:57:36.640 go to him

00:57:37.140 there is an

00:57:37.880 argument there but

00:57:38.840 there is no

00:57:39.560 argument on prices

00:57:40.680 going up today

00:57:41.280 richard that

00:57:42.160 argument doesn't

00:57:42.760 have weight today

00:57:43.440 i think it always

00:57:44.880 did that's why we

00:57:45.680 have not today

00:57:46.740 sure it does it's

00:57:48.720 the same argument

00:57:49.580 that has existed

00:57:50.740 all through the

00:57:51.660 history of

00:57:52.120 not today though

00:57:53.000 not today

00:57:53.840 where today

00:57:54.940 what is expensive

00:57:56.000 today

00:57:56.480 let's

00:57:57.260 everything that

00:57:58.680 you buy is

00:57:59.240 expensive because

00:58:00.020 you are now

00:58:00.740 you're an economy

00:58:02.100 that has been

00:58:02.820 monopolized now

00:58:04.000 for decades

00:58:04.960 i don't know

00:58:05.420 about monopolized

00:58:06.240 i don't know

00:58:06.960 about monopolized

00:58:07.700 i don't know

00:58:08.600 about monopolized

00:58:09.340 how many competitors

00:58:10.420 to amazon do you

00:58:11.480 think there are

00:58:12.160 depends on what

00:58:13.680 product you're

00:58:14.180 talking about

00:58:14.740 if you're talking

00:58:15.840 about prime

00:58:16.460 in general

00:58:19.020 most people

00:58:19.980 these days

00:58:20.820 are buying

00:58:22.040 online

00:58:22.940 from a very

00:58:24.040 small number

00:58:25.000 of general

00:58:26.080 providers

00:58:27.060 yeah

00:58:27.520 like i said

00:58:29.420 to you

00:58:29.660 i am concerned

00:58:30.560 about amazon

00:58:31.300 moving to dc

00:58:32.580 to hire the

00:58:34.120 best lobbyists

00:58:35.040 and pay them

00:58:35.600 the best money

00:58:36.500 to make it

00:58:37.500 harder for small

00:58:38.300 business owners

00:58:38.880 to compete

00:58:39.380 with the help

00:58:40.140 of government

00:58:40.900 but you're

00:58:41.640 then just

00:58:42.040 jumping into

00:58:42.540 the story

00:58:42.980 at a particular

00:58:43.640 moment

00:58:44.200 amazon understood

00:58:46.140 first it has

00:58:47.260 to destroy

00:58:48.220 all the little

00:58:49.700 department stores

00:58:51.020 and everything

00:58:51.500 that they've done

00:58:52.200 just like walmart

00:58:53.120 one as a deliverer

00:58:55.160 the other one

00:58:55.780 as a brick and

00:58:56.460 mortar

00:58:56.740 okay

00:58:57.240 they did that

00:58:58.360 over the last

00:58:59.020 40 years

00:58:59.940 in cooperation

00:59:01.300 with the people's

00:59:02.280 republic of china

00:59:03.340 for whom they

00:59:04.640 became the mass

00:59:05.600 distributor

00:59:06.160 they took care

00:59:07.600 of wiping

00:59:08.560 out

00:59:09.240 nine-tenths

00:59:10.540 of their

00:59:11.140 competition

00:59:11.900 now they have

00:59:13.560 a de facto

00:59:14.260 monopoly

00:59:14.880 they want to

00:59:16.240 and they can

00:59:16.980 in many areas

00:59:18.080 raise prices

00:59:19.440 above cost

00:59:20.380 because they

00:59:21.480 have no

00:59:22.140 competitor

00:59:22.840 but there's

00:59:23.760 let me finish

00:59:24.420 there's a risk

00:59:25.340 there's a risk

00:59:26.480 that people like

00:59:27.320 you

00:59:27.720 and people like

00:59:29.080 me

00:59:29.580 become critics

00:59:31.100 and that we

00:59:32.460 can reach

00:59:33.140 the victims

00:59:34.000 who are overpaying

00:59:35.260 with our

00:59:35.940 criticism

00:59:36.660 about their

00:59:37.840 operating a

00:59:38.780 monopoly

00:59:39.280 they know

00:59:40.400 that

00:59:40.860 how do they

00:59:41.920 deal with that

00:59:42.980 by the

00:59:44.060 washington post

00:59:45.240 if you're

00:59:45.700 jeffrey bezos

00:59:46.660 put yourself

00:59:47.720 in a position

00:59:48.600 to shape

00:59:50.600 the narrative

00:59:51.400 so that you

00:59:52.420 can now

00:59:53.060 get the

00:59:53.940 government

00:59:54.520 to do

00:59:55.540 what capitalists

00:59:56.560 always want

00:59:57.700 the government

00:59:58.180 to do

00:59:58.860 namely to

00:59:59.800 reinforce

01:00:00.460 to protect

01:00:01.780 and to

01:00:02.520 extend

01:00:03.140 whatever

01:00:04.000 their needs

01:00:05.440 are

01:00:05.960 and in

01:00:06.480 this

01:00:06.740 case

01:00:07.120 it's

01:00:07.620 the need

01:00:08.180 to

01:00:08.420 perpetuate

01:00:09.240 a monopoly

01:00:10.500 position

01:00:11.360 they were

01:00:12.280 able

01:00:12.680 to

01:00:13.340 acquire

01:00:14.960 that's

01:00:15.680 what they

01:00:15.960 do

01:00:16.380 I agree

01:00:17.380 so then

01:00:18.520 the core

01:00:18.880 issue

01:00:19.180 Richard

01:00:19.480 here

01:00:19.700 becomes

01:00:20.140 the issue

01:00:20.700 that goes

01:00:21.820 even deeper

01:00:22.340 that I think

01:00:22.940 about

01:00:23.240 is

01:00:24.100 the issue

01:00:24.980 becomes

01:00:25.620 our current

01:00:26.720 election

01:00:27.320 system

01:00:27.940 and the

01:00:28.400 model

01:00:28.640 doesn't

01:00:29.200 work

01:00:29.620 if I can

01:00:30.940 buy

01:00:31.640 my congressmen

01:00:33.040 my senators

01:00:33.760 my governors

01:00:34.700 my politicians

01:00:35.600 my presidents

01:00:36.420 if I can

01:00:37.480 buy them

01:00:38.300 if I can

01:00:39.220 buy them

01:00:39.980 guess who

01:00:40.820 controls them

01:00:41.560 there's these

01:00:42.580 big too big

01:00:43.320 to fail

01:00:43.640 companies

01:00:44.180 that can go

01:00:44.720 around and

01:00:45.080 push their

01:00:45.460 weight around

01:00:45.960 they can

01:00:46.640 control them

01:00:47.220 you're saying

01:00:47.640 not true

01:00:48.180 no no I

01:00:49.060 agree on that

01:00:49.660 I couldn't

01:00:50.020 agree more

01:00:50.560 so let me

01:00:51.440 ask you this

01:00:51.820 you're somebody

01:00:52.280 that's well

01:00:52.760 read you've

01:00:53.060 been around

01:00:53.300 you have way

01:00:53.920 more experience

01:00:54.400 on this than

01:00:54.840 me

01:00:55.020 what is

01:00:56.460 an alternative

01:00:57.380 to the model

01:00:58.100 that we have

01:00:58.620 today where

01:00:59.240 politicians

01:01:00.160 can't be

01:01:00.700 bought

01:01:00.860 how do

01:01:01.300 you fix

01:01:01.700 that

01:01:01.920 I'm curious

01:01:02.480 well I

01:01:03.760 think you

01:01:04.080 have to

01:01:04.360 change the

01:01:04.860 system at

01:01:05.360 the base

01:01:05.760 you're not

01:01:06.400 going to

01:01:06.660 change it

01:01:07.040 we've tried

01:01:07.540 every reform

01:01:08.520 imaginable

01:01:09.520 those folks

01:01:10.540 get around

01:01:11.180 them they

01:01:11.620 evade them

01:01:12.320 they weaken

01:01:12.880 them they

01:01:13.280 repeal them

01:01:14.080 for me the

01:01:15.060 fundamental issue

01:01:16.260 is the way

01:01:16.820 we've organized

01:01:17.540 the economy

01:01:18.240 and that goes

01:01:19.060 back to the

01:01:19.580 beginning of

01:01:20.060 our conversation

01:01:20.900 Patrick

01:01:21.360 if you have

01:01:22.140 a small number

01:01:22.900 of people who

01:01:23.560 are employers

01:01:24.360 grabbing all

01:01:25.480 the profit

01:01:26.000 into their

01:01:26.520 hand and

01:01:27.320 the vast

01:01:27.760 majority of

01:01:28.500 people are

01:01:29.000 wage earners

01:01:29.800 you've set

01:01:30.660 yourself up

01:01:31.460 to fail

01:01:32.060 those minorities

01:01:33.480 precisely because

01:01:35.240 they are a

01:01:36.300 minority

01:01:36.820 employers are a

01:01:38.340 small special

01:01:39.580 interest minority

01:01:40.560 group in our

01:01:41.260 society

01:01:41.760 they want profit

01:01:43.820 because that's

01:01:44.300 their reward

01:01:45.060 I get that

01:01:45.920 so they do

01:01:46.840 what's useful

01:01:47.620 to that

01:01:48.060 have you ever

01:01:49.380 run a business

01:01:49.900 yes but let me

01:01:50.620 just finish

01:01:51.200 so they buy

01:01:52.060 politicians

01:01:52.760 because that's

01:01:53.520 part of what

01:01:54.300 you do

01:01:54.960 to be a

01:01:55.820 successful

01:01:56.400 capitalist

01:01:57.200 suppose

01:01:57.980 just to answer

01:01:58.740 your question

01:01:59.280 suppose the

01:02:00.500 way business

01:02:01.180 was organized

01:02:02.100 wasn't

01:02:03.180 hierarchical

01:02:04.460 an owner

01:02:05.260 a board of

01:02:05.900 directors at

01:02:06.540 the top

01:02:07.040 a tiny group

01:02:07.980 making all

01:02:09.020 the basic

01:02:09.560 decisions

01:02:10.160 and telling

01:02:11.140 the vast

01:02:11.780 majority of

01:02:12.560 employees

01:02:13.160 where to

01:02:14.060 stand

01:02:14.360 where to

01:02:14.760 sit

01:02:14.960 when to

01:02:15.340 come

01:02:15.560 where to

01:02:15.920 go

01:02:16.220 and keeping

01:02:17.280 the product

01:02:17.840 of their

01:02:18.280 labor at

01:02:18.800 the end

01:02:19.140 of the

01:02:19.420 day

01:02:19.680 if we

01:02:20.220 didn't have

01:02:20.760 that

01:02:21.100 suppose we

01:02:22.000 didn't have

01:02:22.500 that bifurcation

01:02:23.640 the employer

01:02:24.760 and his group

01:02:25.700 and the

01:02:26.280 employees

01:02:26.980 small group

01:02:27.900 majority

01:02:28.720 minority

01:02:29.320 majority

01:02:29.780 suppose we

01:02:31.020 had here

01:02:31.440 it comes

01:02:31.960 a different

01:02:33.160 economic

01:02:33.900 arrangement

01:02:34.680 let's call

01:02:35.920 it for lack

01:02:36.500 of better

01:02:36.880 word

01:02:37.400 economic

01:02:38.480 democracy

01:02:39.340 or let's

01:02:40.080 call it

01:02:40.520 worker co-op

01:02:41.740 here's the

01:02:42.460 way it

01:02:42.800 works

01:02:43.140 everybody

01:02:43.820 in an

01:02:44.420 enterprise

01:02:44.840 is equal

01:02:46.480 one person

01:02:47.920 one vote

01:02:48.940 we decide

01:02:50.260 together

01:02:50.820 what we're

01:02:51.640 going to

01:02:51.920 produce

01:02:52.420 what technology

01:02:53.920 we're going

01:02:54.300 to use

01:02:54.880 where we're

01:02:55.820 going to

01:02:56.120 produce

01:02:56.640 and what

01:02:57.320 we're going

01:02:57.600 to do

01:02:57.860 with the

01:02:58.140 output

01:02:58.620 no split

01:03:00.040 between

01:03:00.440 employer

01:03:01.060 and employee

01:03:01.840 because we

01:03:03.140 the employees

01:03:04.080 are collectively

01:03:05.440 our own

01:03:07.000 boss

01:03:07.680 the desire

01:03:09.140 of 95%

01:03:10.780 of the small

01:03:12.100 businesses

01:03:12.580 I've ever

01:03:13.120 spoken to

01:03:13.860 is to be

01:03:15.180 my own

01:03:16.320 boss

01:03:16.860 here's a way

01:03:17.980 for the

01:03:18.400 employees

01:03:19.020 to run

01:03:20.320 the business

01:03:21.080 and guess

01:03:22.000 what

01:03:22.400 if the

01:03:23.120 employees

01:03:23.680 and the

01:03:24.260 employers

01:03:24.760 are the

01:03:25.160 same

01:03:25.460 people

01:03:26.020 there isn't

01:03:27.200 the split

01:03:27.940 on what the

01:03:28.640 government is

01:03:29.180 supposed to

01:03:29.760 do

01:03:30.140 because if you

01:03:31.300 lower your

01:03:31.880 own wages

01:03:32.440 to make

01:03:32.880 more profits

01:03:33.620 you're just

01:03:34.260 moving your

01:03:34.760 money from

01:03:35.200 one pocket

01:03:35.760 to the

01:03:36.160 other

01:03:36.400 it's an

01:03:37.160 idiot's

01:03:37.820 activity

01:03:38.520 it is a

01:03:39.600 new world

01:03:40.880 which maybe

01:03:41.940 can support

01:03:42.980 a government

01:03:43.640 that genuinely

01:03:44.900 respects

01:03:45.720 one person

01:03:46.920 one vote

01:03:47.760 instead of

01:03:48.720 pretending to

01:03:49.600 do that

01:03:50.240 and you

01:03:50.880 and I

01:03:51.220 both know

01:03:51.960 who controls

01:03:53.000 the government

01:03:53.620 who controls

01:03:54.700 and buys

01:03:55.220 the votes

01:03:55.820 and all the

01:03:56.700 rest

01:03:57.040 you ever

01:03:58.500 owned a

01:03:58.740 business

01:03:58.940 before

01:03:59.360 I've worked

01:04:00.640 on several

01:04:01.180 businesses

01:04:01.680 I've started

01:04:02.420 two or three

01:04:03.200 I've been on

01:04:04.040 boards of

01:04:04.480 directors

01:04:04.960 when you

01:04:05.700 started those

01:04:06.200 two or three

01:04:06.660 what happened

01:04:07.100 to your

01:04:07.340 businesses

01:04:07.740 some went

01:04:09.400 out of

01:04:09.700 business

01:04:09.980 some survived

01:04:10.800 the ones

01:04:11.560 that survived

01:04:12.100 how long

01:04:12.500 did they

01:04:12.780 survive

01:04:13.200 they're still

01:04:13.980 going

01:04:14.400 some of

01:04:14.720 them are

01:04:14.920 30 years

01:04:15.460 old

01:04:15.800 are they

01:04:16.420 profitable

01:04:16.860 or non-profitable

01:04:17.880 it depends

01:04:19.220 on what you

01:04:19.720 mean by

01:04:20.140 profit

01:04:20.540 but they

01:04:20.900 had net

01:04:21.320 revenue

01:04:21.720 and that's

01:04:22.280 how they

01:04:22.540 survived

01:04:23.020 how dare

01:04:24.600 you make

01:04:25.040 profit

01:04:25.520 you ought to

01:04:26.380 be ashamed

01:04:26.840 of yourself

01:04:27.340 Richard

01:04:27.640 to be

01:04:27.980 making

01:04:28.220 profit

01:04:28.740 how dare

01:04:29.980 you make

01:04:30.420 profit

01:04:30.860 off of

01:04:31.300 people's

01:04:31.820 back

01:04:32.220 how dare

01:04:33.480 you run

01:04:33.880 a profitable

01:04:34.400 business

01:04:35.020 you ought

01:04:35.980 to be

01:04:36.180 ashamed

01:04:36.680 of yourself

01:04:37.260 Mr.

01:04:38.200 Professor

01:04:39.060 Richard Wolff

01:04:39.980 that's how

01:04:40.580 we started

01:04:41.120 Patrick

01:04:41.580 I don't hate

01:04:42.380 rich people

01:04:43.080 I understand

01:04:44.320 they're players

01:04:45.160 in a system

01:04:45.880 I'm a player

01:04:47.260 in the system

01:04:47.940 too

01:04:48.280 I breathe

01:04:49.300 the foul air

01:04:50.240 I buy goods

01:04:51.700 that are made

01:04:52.600 in China

01:04:53.180 with the wrong

01:04:54.820 conditions

01:04:55.500 you know

01:04:56.240 my sneakers

01:04:56.800 are made

01:04:57.260 by children

01:04:57.780 in Indonesia

01:04:58.480 I get it

01:04:59.280 I try to

01:05:00.540 avoid

01:05:01.000 patronizing

01:05:02.000 them

01:05:02.360 I don't see

01:05:04.680 a problem

01:05:05.180 with that

01:05:05.460 that's why

01:05:05.980 I'm criticism

01:05:07.340 of the system

01:05:08.240 I don't want

01:05:08.920 to be in it

01:05:09.400 either

01:05:09.740 but what's

01:05:11.080 wrong

01:05:11.320 let me ask

01:05:11.820 you a different

01:05:12.100 question

01:05:12.420 let me ask

01:05:12.760 you a different

01:05:13.040 question

01:05:13.360 are you in

01:05:14.060 your house

01:05:14.460 or are you

01:05:14.760 at a different

01:05:16.260 building

01:05:16.640 in your house

01:05:17.380 in my house

01:05:18.260 who chose

01:05:19.000 the paint

01:05:19.560 on your wall

01:05:20.380 who chose it

01:05:21.120 my wife and I

01:05:22.700 your wife and you

01:05:23.920 okay who chose

01:05:24.760 the

01:05:25.040 if I come to your

01:05:26.160 house and I walk

01:05:26.940 around the sofas

01:05:28.020 and the couches

01:05:28.560 who picked it

01:05:29.180 who chose it

01:05:30.540 both of you

01:05:31.140 what did she pick

01:05:32.640 and you didn't pick

01:05:33.480 who's a better cook

01:05:37.540 you or her

01:05:38.240 honestly I think

01:05:40.700 me

01:05:41.080 make sure she

01:05:42.560 doesn't see

01:05:43.200 this by the way

01:05:44.120 sitting in the

01:05:45.500 next room

01:05:46.000 hearing all of

01:05:46.960 this

01:05:47.220 okay all good

01:05:48.040 what's her name

01:05:48.920 by the way

01:05:49.500 Harriet

01:05:50.120 Harriet

01:05:51.060 hello Harriet

01:05:52.000 anyway so

01:05:53.080 so you are a

01:05:54.500 better cook

01:05:54.880 than she is

01:05:55.560 right

01:05:56.000 yeah because

01:05:57.080 in my house

01:05:58.360 where I grew

01:05:58.960 up

01:05:59.240 we couldn't

01:06:00.440 go in the

01:06:00.900 kitchen

01:06:01.160 the kitchen

01:06:01.640 was the

01:06:02.140 kingdom

01:06:02.420 of my mother

01:06:03.280 and only

01:06:04.480 she could do

01:06:05.280 anything in there

01:06:06.080 her husband

01:06:06.880 my father

01:06:07.440 couldn't get in

01:06:08.120 there either

01:06:08.620 she that was

01:06:09.640 I don't think

01:06:10.160 that's fair

01:06:10.680 I don't think

01:06:11.520 that's fair

01:06:12.000 but you know

01:06:13.060 what it does

01:06:13.600 it makes the

01:06:14.420 children like

01:06:15.040 my sister and

01:06:15.780 I very eager

01:06:17.660 to be and work

01:06:18.920 in the kitchen

01:06:19.560 wow you just

01:06:20.700 explained capitalism

01:06:21.820 yeah you just

01:06:23.400 explained capitalism

01:06:24.880 you just explained

01:06:26.680 the structure of

01:06:27.620 corporation

01:06:28.360 your mother

01:06:29.560 was the chairman

01:06:30.660 of the board

01:06:31.400 in the kitchen

01:06:32.220 and she told

01:06:33.420 you guys you

01:06:33.900 gotta earn

01:06:34.400 your way

01:06:34.720 to get in

01:06:35.100 the kitchen

01:06:35.640 you worked

01:06:36.680 your tail

01:06:37.020 off to learn

01:06:37.460 and now you're

01:06:37.920 better cook

01:06:38.460 than Harriet

01:06:38.960 congratulations

01:06:40.020 I wish she

01:06:41.600 had done

01:06:42.040 what you said

01:06:42.620 I wish she

01:06:43.280 had said

01:06:43.820 you could

01:06:44.600 earn your

01:06:45.160 way

01:06:45.540 but she

01:06:46.340 was a real

01:06:47.140 capitalist

01:06:47.760 you weren't

01:06:48.900 getting

01:06:49.180 I love

01:06:49.660 your mother

01:06:50.120 no matter

01:06:51.460 how hard

01:06:52.220 you worked

01:06:52.840 you weren't

01:06:53.860 getting into

01:06:54.540 the chosen

01:06:55.140 circle

01:06:55.660 and that is

01:06:56.640 you're right

01:06:57.260 that is

01:06:57.960 capitalism

01:06:58.720 you are as

01:06:59.800 well though

01:07:00.220 you are a

01:07:00.640 capitalist

01:07:00.980 because when

01:07:01.580 you cook

01:07:01.960 you said

01:07:02.240 you're better

01:07:02.580 cooked than

01:07:02.960 your wife

01:07:03.320 so if your

01:07:03.740 wife says

01:07:04.220 to you

01:07:04.700 honey

01:07:05.260 this

01:07:05.840 not seven

01:07:06.980 minutes

01:07:07.380 put it

01:07:08.060 for 20

01:07:08.480 minutes

01:07:08.820 are you

01:07:09.240 going to

01:07:09.480 listen to

01:07:09.900 her

01:07:10.120 well it

01:07:11.000 depends if

01:07:11.480 she has

01:07:11.800 a good

01:07:12.080 point to

01:07:12.540 make

01:07:12.720 I'd have

01:07:13.040 to take

01:07:13.380 it

01:07:13.540 seriously

01:07:14.020 but I

01:07:14.440 would

01:07:14.600 who's the

01:07:16.300 final decision

01:07:17.000 maker of the

01:07:17.640 food that

01:07:18.000 you're going

01:07:18.240 to cook

01:07:18.680 it's a

01:07:19.420 consensus

01:07:19.960 no it's

01:07:21.220 not

01:07:21.520 you're the

01:07:22.060 chairman

01:07:22.460 of the

01:07:23.120 food

01:07:24.080 but I

01:07:26.140 my wife

01:07:27.380 would enjoy

01:07:27.860 this because

01:07:28.420 she would

01:07:29.000 recognize that

01:07:30.040 your need

01:07:30.860 for example

01:07:31.700 to have

01:07:32.500 somebody be

01:07:33.220 the chairman

01:07:33.840 that's your

01:07:34.440 accommodation

01:07:35.220 I understand

01:07:36.360 that's how

01:07:36.920 this system

01:07:37.520 works but

01:07:38.400 that's why

01:07:38.860 I'm against

01:07:39.340 I'm giving

01:07:39.920 you a hard

01:07:40.320 time but

01:07:40.700 the point

01:07:41.000 I'm trying

01:07:41.360 to make

01:07:41.680 is the fact

01:07:42.200 that somebody

01:07:42.880 needs to

01:07:43.620 make the

01:07:44.000 decision

01:07:44.380 you know

01:07:44.740 one night

01:07:45.760 I rented

01:07:46.300 I rented

01:07:46.320 out

01:07:46.540 where were

01:07:46.940 we

01:07:47.080 were we

01:07:47.400 in

01:07:47.520 Yucca

01:07:47.840 Valley

01:07:48.180 I rented

01:07:48.540 this house

01:07:49.200 and we

01:07:50.220 went out

01:07:50.720 and I

01:07:51.220 said guys

01:07:51.620 we got

01:07:51.900 to come

01:07:52.140 up with

01:07:52.320 a code

01:07:52.600 of honor

01:07:52.900 we're running

01:07:53.320 the sales

01:07:53.760 office

01:07:54.140 and I

01:07:55.140 said we

01:07:55.300 got to

01:07:55.500 come up

01:07:55.800 with a

01:07:56.160 code

01:07:56.340 of honor

01:07:56.660 on how

01:07:56.940 we run

01:07:57.220 this

01:07:57.380 office

01:07:57.660 so I

01:07:57.900 rent

01:07:58.040 this

01:07:58.220 place

01:07:58.500 we go

01:07:58.820 out

01:07:58.920 I'm

01:07:59.100 hoping

01:07:59.320 we're

01:07:59.560 going to

01:07:59.720 finish

01:07:59.980 early

01:08:00.400 so we

01:08:01.740 can play

01:08:02.560 some

01:08:02.900 games

01:08:03.420 we had

01:08:03.760 foosball

01:08:04.260 table

01:08:04.600 pool

01:08:04.900 table

01:08:05.280 movies

01:08:06.220 we go

01:08:07.340 out

01:08:07.580 there

01:08:07.800 and we

01:08:08.140 said

01:08:08.320 we're

01:08:08.760 going

01:08:08.840 to come

01:08:09.120 up

01:08:09.260 with

01:08:09.380 what's

01:08:09.660 got

01:08:09.780 to be

01:08:09.940 written

01:08:10.160 as a

01:08:10.480 code

01:08:10.760 okay

01:08:11.240 we're

01:08:12.040 going

01:08:12.340 through

01:08:12.600 this

01:08:13.020 and all

01:08:13.840 of a

01:08:14.080 sudden

01:08:14.260 one

01:08:14.580 guy

01:08:14.960 Philip

01:08:15.380 he says

01:08:15.800 what

01:08:15.980 we have

01:08:16.280 to use

01:08:16.500 parliamentary

01:08:17.020 law

01:08:18.800 100%

01:08:19.960 of people

01:08:20.240 have to

01:08:20.500 agree

01:08:20.680 on what

01:08:20.920 the

01:08:21.040 code

01:08:21.180 has

01:08:21.260 got

01:08:21.380 to be

01:08:21.620 and we're

01:08:22.660 sitting

01:08:22.900 I'm

01:08:23.040 like

01:08:23.180 okay

01:08:23.360 let me

01:08:23.580 allow

01:08:23.840 them

01:08:24.080 to make

01:08:24.440 this

01:08:24.640 decision

01:08:24.980 for

01:08:25.180 themselves

01:08:25.460 so it's

01:08:25.740 like a

01:08:26.040 buy

01:08:26.300 let me

01:08:27.160 be

01:08:27.440 this

01:08:27.840 incredible

01:08:28.640 leader

01:08:30.400 that brings

01:08:30.920 everyone

01:08:31.220 together

01:08:31.680 do you

01:08:32.480 know

01:08:38.140 6 in

01:08:40.380 the

01:08:40.560 morning

01:08:40.860 I had

01:08:41.560 a movie

01:08:41.960 for them

01:08:42.340 to watch

01:08:42.820 here's

01:08:43.240 the point

01:08:43.500 I'm

01:08:43.660 trying

01:08:43.820 to make

01:08:44.140 from

01:08:44.760 my

01:08:45.100 experience

01:08:45.980 from

01:08:46.320 my

01:08:46.580 experience

01:08:47.120 my

01:08:47.480 small

01:08:48.180 41

01:08:48.680 years

01:08:49.160 of

01:08:49.660 living

01:08:50.040 from

01:08:50.520 Glendale

01:08:50.920 Community

01:08:51.320 College

01:08:51.720 guy

01:08:52.020 okay

01:08:52.520 I'm

01:08:53.180 a guy

01:08:53.540 that's

01:08:53.780 a

01:08:53.900 regular

01:08:54.160 guy

01:08:54.420 from

01:08:54.600 my

01:08:54.880 experience

01:08:55.560 someone

01:08:56.840 has

01:08:57.220 to be

01:08:57.540 in

01:08:57.700 charge

01:08:58.000 to

01:08:58.180 make

01:08:58.340 the

01:08:58.480 decisions

01:08:58.940 it's

01:08:59.300 very

01:08:59.580 challenging

01:09:00.040 to put

01:09:00.440 it

01:09:00.540 a

01:09:00.640 collective

01:09:01.000 someone

01:09:01.360 has

01:09:01.640 to be

01:09:01.880 a

01:09:02.000 shot

01:09:02.200 caller

01:09:02.460 at

01:09:02.660 the

01:09:02.800 end

01:09:02.980 and

01:09:03.340 typically

01:09:04.260 the

01:09:05.220 most

01:09:08.140 Jordan

01:09:08.280 documentary

01:09:08.800 the

01:09:09.000 last

01:09:09.200 dance

01:09:09.440 you

01:09:09.880 know

01:09:09.980 who's

01:09:10.160 getting

01:09:10.300 the

01:09:10.400 most

01:09:10.560 criticism

01:09:10.960 right

01:09:11.260 now

01:09:11.540 one

01:09:12.080 guy

01:09:12.420 Michael

01:09:13.020 Jordan

01:09:13.400 why

01:09:14.100 because

01:09:14.720 he

01:09:14.840 was

01:09:15.020 the

01:09:15.160 shot

01:09:15.400 caller

01:09:15.700 and

01:09:16.160 a

01:09:16.280 lot

01:09:16.420 of

01:09:16.500 people

01:09:16.640 don't

01:09:16.860 like

01:09:17.100 that

01:09:17.360 but

01:09:17.760 that's

01:09:17.960 just

01:09:18.120 kind

01:09:18.320 of

01:09:18.380 how

01:09:18.480 things

01:09:18.720 work

01:09:18.980 when

01:09:19.120 somebody

01:09:19.440 leaves

01:09:19.760 so

01:09:20.460 what

01:09:21.040 are

01:09:21.220 your

01:09:21.340 thoughts

01:09:21.600 I'll

01:09:21.880 let

01:09:22.380 you

01:09:22.500 kind

01:09:22.700 of

01:09:22.820 rebuttal

01:09:23.340 to

01:09:23.500 that

01:09:23.780 long

01:09:25.140 time

01:09:25.440 ago

01:09:25.700 we

01:09:25.920 believed

01:09:26.520 that

01:09:27.400 in

01:09:27.600 order

01:09:27.840 for

01:09:28.080 any

01:09:28.320 society

01:09:28.860 to

01:09:29.160 exist

01:09:29.640 and

01:09:29.880 function

01:09:38.140 or

01:09:38.640 whatever

01:09:39.100 yeah

01:09:40.080 and

01:09:40.600 then

01:09:40.940 a

01:09:41.280 time

01:09:41.580 came

01:09:41.920 in

01:09:42.080 human

01:09:42.340 history

01:09:42.780 where

01:09:43.200 the

01:09:43.480 mass

01:09:43.820 of

01:09:44.000 us

01:09:44.260 got

01:09:44.960 sick

01:09:45.360 and

01:09:45.600 tired

01:09:45.940 of

01:09:46.240 being

01:09:46.640 the

01:09:46.980 subject

01:09:47.760 having

01:09:48.540 to

01:09:48.780 live

01:09:49.080 with

01:09:49.340 the

01:09:49.500 decisions

01:09:50.000 made

01:09:50.840 by

01:09:51.040 this

01:09:51.320 clown

01:09:51.720 at

01:09:51.960 the

01:09:52.100 top

01:09:52.440 or

01:09:53.180 even

01:09:53.520 worse

01:09:54.060 by

01:09:54.600 his

01:09:54.940 you

01:09:55.820 know

01:09:56.040 son

01:09:56.680 or

01:09:57.080 daughter

01:09:57.500 who

01:09:58.020 gets

01:09:58.280 to be

01:09:58.560 the

01:09:58.720 next

01:09:59.080 clown

01:09:59.860 at

01:10:00.180 the

01:10:00.340 top

01:10:00.660 and

01:10:01.360 so

01:10:01.580 we

01:10:01.800 said

01:10:02.260 no

01:10:02.900 more

01:10:03.600 monarchy

01:10:04.340 no

01:10:05.180 more

01:10:05.580 we

01:10:06.020 were

01:10:06.180 even

01:10:06.420 mad

01:10:06.900 occasionally

01:10:07.540 and

01:10:07.800 cut

01:10:08.000 their

01:10:08.200 heads

01:10:08.460 off

01:10:08.720 as

01:10:08.940 in

01:10:09.160 France

01:10:09.600 with

01:10:10.040 the

01:10:10.200 guillotine

01:10:10.760 right

01:10:11.160 and

01:10:11.920 people

01:10:12.400 said

01:10:12.660 you

01:10:12.820 can't

01:10:13.240 do

01:10:13.360 that

01:10:13.580 there

01:10:13.800 has

01:10:14.100 to

01:10:14.240 be

01:10:14.560 somebody

01:10:15.260 at

01:10:15.500 the

01:10:15.640 top

01:10:16.000 the

01:10:16.440 one

01:10:16.600 who

01:10:16.760 talks

01:10:17.080 to

01:10:17.280 God

01:10:17.660 or

01:10:17.880 whatever

01:10:18.220 they

01:10:18.480 thought

01:10:18.920 had

01:10:19.640 to

01:10:19.820 be

01:10:20.100 and

01:10:20.580 the

01:10:20.700 rest

01:10:20.940 of

01:10:21.100 us

01:10:21.280 look

01:10:21.500 or

01:10:21.720 our

01:10:21.960 ancestors

01:10:22.460 looked

01:10:22.840 at

01:10:23.000 them

01:10:23.200 and

01:10:23.380 said

01:10:23.680 it

01:10:24.260 doesn't

01:10:24.780 have

01:10:25.080 to

01:10:25.240 be

01:10:25.500 we

01:10:26.020 could

01:10:26.260 live

01:10:26.540 in

01:10:26.660 a

01:10:26.840 society

01:10:27.400 where

01:10:27.900 we

01:10:28.120 all

01:10:28.620 have

01:10:28.920 some

01:10:29.260 say

01:10:29.760 some

01:10:30.280 input

01:10:30.920 we

01:10:31.440 don't

01:10:31.740 have

01:10:32.020 to

01:10:32.160 have

01:10:32.520 one

01:10:33.160 person

01:10:34.200 telling

01:10:34.860 everybody

01:10:35.400 else

01:10:35.880 what

01:10:36.380 to

01:10:36.620 do

01:10:36.940 and

01:10:37.720 the

01:10:37.900 irony

01:10:38.360 I

01:10:38.700 like

01:10:39.420 that

01:10:39.720 I'm

01:10:40.280 glad

01:10:40.680 that

01:10:41.020 happened

01:10:41.460 I

01:10:41.940 support

01:10:42.440 that

01:10:42.740 I

01:10:42.900 like

01:10:43.280 the

01:10:43.540 I

01:10:43.720 support

01:10:44.140 that

01:10:44.440 as

01:10:44.620 well

01:10:44.740 what

01:10:44.940 you

01:10:45.040 just

01:10:45.240 said

01:10:45.540 okay

01:10:46.140 so

01:10:46.660 here

01:10:46.860 comes

01:10:47.140 the

01:10:47.280 argument

01:10:47.680 I

01:10:48.800 don't

01:10:49.540 like

01:10:50.040 having

01:10:51.080 the

01:10:51.340 king

01:10:51.800 who

01:10:52.440 isn't

01:10:52.940 allowed

01:10:53.420 in

01:10:53.740 public

01:10:54.080 society

01:10:54.720 to

01:10:55.440 find

01:10:55.980 his

01:10:56.340 new

01:10:56.640 place

01:10:57.220 inside

01:10:58.180 the

01:10:58.580 enterprise

01:10:59.120 where

01:11:00.120 we

01:11:00.300 allow

01:11:00.720 him

01:11:01.060 to

01:11:01.320 function

01:11:01.880 as

01:11:02.720 the

01:11:03.000 dictator

01:11:03.600 who

01:11:03.900 tells

01:11:04.380 us

01:11:04.720 whether

01:11:05.120 we

01:11:05.360 have

01:11:05.700 the

01:11:05.900 job

01:11:06.280 or

01:11:06.460 not

01:11:06.820 whether

01:11:07.400 we

01:11:07.680 will

01:11:08.020 work

01:11:08.380 over

01:11:08.600 here

01:11:09.120 or

01:11:09.420 over

01:11:09.720 there

01:11:10.240 who

01:11:10.660 takes

01:11:11.000 the

01:11:11.220 fruit

01:11:11.460 of

01:11:11.600 our

01:11:11.800 labor

01:11:12.200 and

01:11:12.660 decides

01:11:13.160 where

01:11:13.540 to

01:11:13.640 sell

01:11:13.900 it

01:11:14.040 and

01:11:14.180 what

01:11:14.340 to

01:11:14.520 do

01:11:14.680 with

01:11:14.840 the

01:11:15.000 revenue

01:11:15.340 why

01:11:16.080 are

01:11:16.300 we

01:11:16.520 allowing

01:11:17.080 kingdoms

01:11:17.860 inside

01:11:18.540 the

01:11:18.960 enterprise

01:11:19.380 when

01:11:20.140 we

01:11:20.320 have

01:11:20.540 declared

01:11:21.000 them

01:11:21.320 unacceptable

01:11:22.260 outside

01:11:23.320 and

01:11:24.260 yeah

01:11:24.680 there'll

01:11:25.280 be

01:11:25.480 adjustments

01:11:26.140 there

01:11:26.520 were

01:11:26.720 adjustments

01:11:27.200 when

01:11:27.480 you

01:11:27.600 didn't

01:11:27.820 have

01:11:28.020 the

01:11:28.220 king

01:11:28.540 it

01:11:28.920 took

01:11:29.120 us

01:11:29.280 a

01:11:29.420 while

01:11:29.660 to

01:11:29.900 learn

01:11:30.380 a

01:11:30.900 little

01:11:31.120 bit

01:11:31.440 with

01:11:31.780 all

01:11:31.980 the

01:11:32.160 imperfections

01:11:33.000 of

01:11:33.420 how

01:11:33.580 to

01:11:33.800 quote

01:11:34.120 unquote

01:11:34.420 govern

01:11:34.980 ourselves

01:11:35.560 we

01:11:36.360 will

01:11:36.600 do

01:11:36.820 the

01:11:37.080 same

01:11:37.840 inside

01:11:38.580 the

01:11:38.820 enterprise

01:11:39.500 since

01:11:40.080 it

01:11:40.260 is

01:11:40.420 my

01:11:40.700 judgment

01:11:43.540 that

01:11:44.940 what

01:11:45.440 socialism

01:11:46.060 really

01:11:46.780 is

01:11:47.340 is

01:11:48.240 not

01:11:48.880 about

01:11:50.020 the

01:11:50.240 government

01:11:50.620 that

01:11:51.120 was

01:11:51.280 19th

01:11:51.820 and

01:11:51.940 20th

01:11:52.400 century

01:11:52.780 socialism

01:11:53.480 21st

01:11:54.740 century

01:11:55.100 socialism

01:11:55.760 it's

01:11:56.580 about

01:11:56.900 the

01:11:57.180 enterprise

01:11:57.760 it's

01:11:58.700 about

01:11:59.080 democratizing

01:12:00.500 the

01:12:00.760 enterprise

01:12:01.480 getting

01:12:02.260 rid

01:12:02.540 of

01:12:02.660 the

01:12:02.840 kings

01:12:03.220 that

01:12:03.520 imagine

01:12:04.080 themselves

01:12:04.760 inside

01:12:05.520 the

01:12:05.920 enterprise

01:12:06.360 and

01:12:07.280 that

01:12:07.680 kind

01:12:08.060 of

01:12:08.200 a

01:12:08.360 socialism

01:12:08.800 from

01:12:09.180 the

01:12:09.360 bottom

01:12:09.640 up

01:12:10.040 will

01:12:10.900 be

01:12:11.140 extremely

01:12:11.980 attractive

01:12:12.700 to

01:12:13.300 the

01:12:13.480 people

01:12:13.840 who

01:12:14.100 are

01:12:14.280 discovering

01:12:14.900 that

01:12:15.480 capitalism

01:12:16.080 has

01:12:16.620 betrayed

01:12:17.280 the

01:12:18.000 hopes

01:12:18.380 they

01:12:18.980 had

01:12:19.260 felt

01:12:19.840 would

01:12:20.760 be

01:12:21.060 satisfied

01:12:21.660 by

01:12:22.140 capitalism

01:12:22.820 but

01:12:23.480 isn't

01:12:23.920 anymore

01:12:24.420 what

01:12:25.000 you

01:12:25.120 just

01:12:25.320 described

01:12:25.720 right

01:12:25.920 there

01:12:26.060 was

01:12:26.220 China

01:12:26.500 the

01:12:26.700 last

01:12:26.940 part

01:12:27.200 of

01:12:27.280 what

01:12:27.380 we're

01:12:27.520 doing

01:12:27.700 right

01:12:27.960 now

01:12:28.360 is

01:12:29.100 speed

01:12:29.420 rounds

01:12:29.800 I'm

01:12:30.300 going

01:12:30.380 to

01:12:30.460 give

01:12:30.600 you

01:12:30.720 a name

01:12:31.120 tell

01:12:31.380 me

01:12:31.480 the

01:12:31.620 first

01:12:31.860 thing

01:12:31.960 that

01:12:32.100 comes

01:12:32.300 to

01:12:32.440 your

01:12:32.540 mind

01:12:32.800 I'll

01:12:33.360 give

01:12:33.480 you

01:12:33.580 name

01:12:33.880 tell

01:12:34.060 me

01:12:34.140 the

01:12:34.260 first

01:12:34.440 thing

01:12:34.540 that

01:12:34.660 comes

01:12:34.820 to

01:12:34.940 your

01:12:35.000 mind

01:12:35.120 Jeff

01:12:35.400 Bezos

01:12:35.900 obscenely

01:12:37.940 wealthy

01:12:38.600 person

01:12:39.360 who

01:12:39.880 is

01:12:40.060 making

01:12:40.440 individual

01:12:41.420 decisions

01:12:42.140 about

01:12:43.040 tens of

01:12:43.820 billions

01:12:44.140 of dollars

01:12:44.940 that were

01:12:45.680 produced

01:12:46.180 by the

01:12:46.680 army

01:12:47.040 of

01:12:47.280 employees

01:12:47.860 he

01:12:48.340 has

01:12:48.840 who

01:12:49.300 ought

01:12:49.580 to

01:12:49.700 have

01:12:49.920 some

01:12:50.240 say

01:12:50.620 as

01:12:51.020 the

01:12:51.240 rest

01:12:51.480 of

01:12:51.640 us

01:12:51.840 do

01:12:52.180 about

01:12:52.760 what

01:12:53.040 is

01:12:53.200 done

01:12:53.460 with

01:12:53.700 that

01:12:53.940 wealth

01:12:54.360 it

01:12:54.860 is

01:12:55.180 obscene

01:12:56.160 for

01:12:56.680 one

01:12:56.980 person

01:12:57.480 to

01:12:57.980 make

01:12:58.240 those

01:12:58.520 decisions

01:12:59.020 that

01:12:59.520 we

01:12:59.700 all

01:12:59.940 have

01:13:00.160 to

01:13:00.300 live

01:13:00.500 with

01:13:00.720 Warren

01:13:01.580 Buffett

01:13:01.940 same

01:13:02.820 thing

01:13:03.240 Rockefeller

01:13:04.240 same

01:13:05.020 thing

01:13:05.480 Gates

01:13:06.260 same

01:13:07.360 thing

01:13:07.900 Carnegie

01:13:08.560 same

01:13:09.780 thing

01:13:10.300 Musk

01:13:11.140 I don't

01:13:11.820 know

01:13:12.000 very much

01:13:12.520 about

01:13:12.820 Musk

01:13:13.260 Soros

01:13:14.320 Soros

01:13:15.340 pretty much

01:13:16.240 the same

01:13:16.700 thing

01:13:17.060 Karl Marx

01:13:17.880 one

01:13:18.300 word

01:13:18.720 insightful

01:13:20.400 insightful

01:13:22.860 okay

01:13:23.360 Trump

01:13:24.320 the

01:13:25.440 product

01:13:25.900 of a

01:13:26.860 system

01:13:27.320 in

01:13:27.680 deep

01:13:28.300 trouble

01:13:28.900 Bernie

01:13:30.480 Sanders

01:13:31.000 the

01:13:31.800 same

01:13:32.240 Reagan

01:13:33.340 a

01:13:34.420 grade

01:13:34.800 B

01:13:35.160 actor

01:13:35.760 who

01:13:37.000 was

01:13:37.280 a

01:13:37.460 puppet

01:13:37.680 for

01:13:38.080 the

01:13:38.260 interests

01:13:38.740 that

01:13:39.120 needed

01:13:39.440 to

01:13:39.720 have

01:13:40.060 a

01:13:40.240 puppet

01:13:40.520 at

01:13:40.900 that

01:13:41.080 time

01:13:41.420 Obama

01:13:42.440 a

01:13:43.120 person

01:13:43.500 who

01:13:43.740 promised

01:13:44.300 hope

01:13:44.780 and

01:13:45.120 change

01:13:45.680 and

01:13:46.420 delivered

01:13:46.840 neither

01:13:47.180 of them

01:13:48.000 Biden

01:13:48.480 a

01:13:49.240 very

01:13:49.720 sad

01:13:50.720 mistake

01:13:51.520 Ayn Rand

01:13:53.880 not a

01:13:54.720 good

01:13:54.920 novelist

01:13:55.740 and an

01:13:56.240 even

01:13:56.460 worse

01:13:56.980 social

01:13:58.000 theorist

01:13:58.620 Gorbachev

01:13:59.940 a

01:14:00.920 sad

01:14:01.540 character

01:14:02.200 who

01:14:03.180 tried

01:14:04.020 to

01:14:05.160 hold

01:14:05.640 together

01:14:06.320 a

01:14:07.400 disintegrating

01:14:08.500 system

01:14:09.820 Boris

01:14:10.640 Johnson

01:14:11.100 a

01:14:13.780 British

01:14:14.100 Trump

01:14:14.620 Lenin

01:14:15.780 a

01:14:19.220 brilliant

01:14:19.660 strategist

01:14:20.660 and

01:14:20.980 tactician

01:14:21.720 but who

01:14:23.000 tried

01:14:23.680 to make

01:14:24.360 a

01:14:24.700 transformation

01:14:25.500 when

01:14:26.500 the

01:14:26.680 conditions

01:14:27.260 to

01:14:27.520 enable

01:14:27.880 it

01:14:28.080 to

01:14:28.240 happen

01:14:28.540 simply

01:14:29.200 weren't

01:14:29.880 there

01:14:30.380 Castro

01:14:31.920 like

01:14:38.300 Lenin

01:14:39.020 like

01:14:39.580 Lenin

01:14:40.160 by the

01:14:40.480 way

01:14:40.580 who

01:14:40.680 do

01:14:40.800 you

01:14:40.880 consider

01:14:41.300 a

01:14:41.440 great

01:14:41.640 leader

01:14:41.860 I'm

01:14:42.060 curious

01:14:42.420 like

01:14:42.720 who

01:14:42.900 to

01:14:43.080 you

01:14:43.240 is

01:14:43.320 a

01:14:43.420 great

01:14:43.720 leader

01:14:43.980 is

01:14:44.140 their

01:14:44.240 name

01:14:44.540 like

01:14:45.080 somebody

01:14:45.440 would

01:14:45.660 say

01:14:45.820 something

01:14:46.180 nice

01:14:46.560 about

01:14:46.760 you

01:14:46.900 seem

01:14:47.100 too

01:14:47.280 upset

01:14:47.560 I

01:14:47.720 want

01:14:47.880 to

01:14:47.980 finish

01:14:48.180 it

01:14:48.320 on

01:14:48.440 say

01:14:49.020 something

01:14:49.380 nice

01:14:49.700 about

01:14:49.940 somebody

01:14:50.380 who

01:14:50.560 do

01:14:50.680 you

01:14:50.760 like

01:14:51.100 and

01:14:51.240 admire

01:14:51.720 who

01:14:53.120 do

01:14:53.240 I

01:14:53.400 like

01:14:53.800 and

01:14:54.080 who

01:14:54.300 do

01:14:54.480 I

01:14:54.640 admire

01:14:55.040 well

01:14:55.680 let's

01:14:55.860 go

01:14:55.980 back

01:14:56.220 to

01:14:56.420 Marx

01:14:56.800 I

01:14:57.740 learned

01:14:58.320 a lot

01:14:58.840 from

01:14:59.240 Marx

01:14:59.980 I

01:15:00.560 would

01:15:00.780 have

01:15:01.040 I

01:15:02.280 was

01:15:02.480 always

01:15:02.940 amazed

01:15:03.980 that

01:15:04.900 having

01:15:05.200 gone

01:15:05.740 through

01:15:06.100 the

01:15:06.340 elite

01:15:06.660 universities

01:15:07.320 I

01:15:07.760 went

01:15:08.000 through

01:15:08.300 Harvard

01:15:09.020 Stanford

01:15:09.580 and

01:15:09.860 Yale

01:15:10.220 10

01:15:10.780 years

01:15:11.140 of my

01:15:11.480 life

01:15:11.880 in

01:15:12.380 those

01:15:12.620 institutions

01:15:13.280 I

01:15:14.620 should

01:15:15.080 have

01:15:15.360 been

01:15:16.620 introduced

01:15:17.220 to

01:15:17.620 their

01:15:17.860 work

01:15:18.280 not

01:15:19.420 not

01:15:19.720 only

01:15:20.080 Marx

01:15:20.560 of

01:15:20.760 course

01:15:21.020 but

01:15:21.260 among

01:15:21.520 many

01:15:21.960 important

01:15:23.080 thinkers

01:15:23.540 of the

01:15:23.880 last

01:15:24.140 2000

01:15:24.660 years

01:15:25.260 you

01:15:26.240 know

01:15:26.340 and

01:15:26.480 I

01:15:26.600 mean

01:15:26.720 reading

01:15:27.300 the

01:15:27.460 Bible

01:15:27.780 and

01:15:28.060 Saint

01:15:28.240 Augustine

01:15:28.820 and

01:15:29.000 Aristotle

01:15:29.400 and

01:15:29.880 Marx

01:15:30.400 instead

01:15:31.560 because

01:15:32.320 my

01:15:32.640 teachers

01:15:33.160 were

01:15:35.000 afraid

01:15:35.460 or

01:15:35.900 caught

01:15:36.160 up

01:15:36.320 in

01:15:36.440 the

01:15:36.600 Cold

01:15:36.900 War

01:15:37.340 they

01:15:37.880 thought

01:15:38.440 the

01:15:38.720 important

01:15:39.140 thing

01:15:39.500 was

01:15:39.700 to

01:15:39.860 keep

01:15:40.140 me

01:15:40.640 as

01:15:41.200 far

01:15:41.540 away

01:15:41.920 from

01:15:42.200 this

01:15:42.460 Marx

01:15:42.860 character

01:15:43.400 as

01:15:44.080 they

01:15:44.320 could

01:15:44.620 possibly

01:15:45.240 do

01:15:45.680 just

01:15:46.920 a footnote

01:15:47.680 in

01:15:48.220 those

01:15:48.540 10

01:15:48.860 years

01:15:49.380 I

01:15:50.200 was

01:15:50.480 never

01:15:51.100 required

01:15:51.680 and

01:15:51.860 I

01:15:51.920 have

01:15:52.040 a

01:15:52.160 Ph.D.

01:15:52.620 in

01:15:52.760 economics

01:15:53.320 I

01:15:53.980 was

01:15:54.180 never

01:15:54.440 required

01:15:55.060 to

01:15:55.640 read

01:15:56.120 one

01:15:56.760 word

01:15:57.660 of

01:15:58.200 Marx's

01:15:58.880 criticism

01:15:59.520 of

01:16:00.200 capitalism

01:16:00.820 that

01:16:01.700 is a

01:16:02.160 comment

01:16:02.600 on a

01:16:03.520 failed

01:16:04.100 educational

01:16:05.020 system

01:16:05.680 and

01:16:07.160 because

01:16:07.640 I

01:16:07.880 find

01:16:08.220 Marx's

01:16:08.680 work

01:16:08.920 so

01:16:09.160 insightful

01:16:09.720 not

01:16:10.540 only

01:16:11.240 not

01:16:11.780 that

01:16:11.940 Marx

01:16:12.240 didn't

01:16:12.520 make

01:16:12.780 mistakes

01:16:13.300 of

01:16:13.640 course

01:16:14.080 he

01:16:14.280 did

01:16:14.560 etc

01:16:15.100 etc

01:16:15.640 but

01:16:16.320 as

01:16:16.540 thinkers

01:16:16.980 go

01:16:17.440 you

01:16:17.940 could

01:16:18.180 do

01:16:18.420 a

01:16:18.720 lot

01:16:19.040 worse

01:16:19.500 and

01:16:19.780 with

01:16:19.980 very

01:16:20.340 few

01:16:20.840 would

01:16:21.360 you

01:16:21.480 get

01:16:21.860 as

01:16:22.360 much

01:16:22.820 powerful

01:16:23.460 insight

01:16:24.060 into

01:16:24.640 society

01:16:25.280 as

01:16:25.760 you

01:16:25.900 get

01:16:26.100 from

01:16:26.380 him

01:16:26.640 so

01:16:27.100 I'm

01:16:27.360 an

01:16:27.480 admirer

01:16:28.120 and

01:16:28.360 the

01:16:28.480 only

01:16:28.640 reason

01:16:28.940 I

01:16:29.160 accept

01:16:29.460 the

01:16:29.660 label

01:16:29.940 Marxist

01:16:30.600 is

01:16:30.980 not

01:16:31.180 because

01:16:31.560 I'm

01:16:31.800 some

01:16:32.040 blinded

01:16:32.640 follower

01:16:33.100 who's

01:16:33.460 uncritical

01:16:34.140 it's

01:16:34.760 just

01:16:34.920 I

01:16:35.140 want

01:16:35.460 to

01:16:35.640 affirm

01:16:36.240 what

01:16:37.280 was

01:16:37.560 denied

01:16:38.100 to

01:16:38.380 me

01:16:38.680 by

01:16:39.140 an

01:16:39.300 educational

01:16:39.860 system

01:16:40.480 that

01:16:41.020 wants

01:16:41.320 to

01:16:41.520 present

01:16:41.800 itself

01:16:42.220 as

01:16:45.640 even

01:16:45.780 close

01:16:46.480 Richard

01:16:49.320 by the

01:16:49.940 way

01:16:50.060 I

01:16:50.300 recommend

01:16:50.700 Communist

01:16:51.080 Manifesto

01:16:51.540 to

01:16:51.740 a lot

01:16:51.960 of

01:16:52.060 people

01:16:52.180 I

01:16:52.320 think

01:16:52.440 when

01:16:52.600 people

01:16:52.880 read

01:16:53.160 it

01:16:53.260 they

01:16:53.380 become

01:16:53.740 bigger

01:16:54.020 capitalists

01:16:54.580 that's

01:16:54.800 the

01:16:54.900 great

01:16:55.100 thing

01:16:55.280 so

01:16:55.420 that's

01:16:55.620 why

01:16:55.720 I

01:16:55.820 recommend

01:16:56.120 them

01:16:56.300 reading

01:16:56.520 the

01:16:56.660 book

01:16:56.840 but

01:16:57.320 Richard

01:16:58.040 where

01:16:58.280 can

01:16:58.620 people

01:16:58.860 find

01:16:59.160 you

01:16:59.240 I

01:16:59.320 know

01:16:59.420 you

01:16:59.520 got

01:16:59.660 a

01:16:59.780 podcast

01:17:00.100 going

01:17:00.500 on

01:17:00.720 and

01:17:00.840 if

01:17:00.960 you

01:17:01.040 want

01:17:01.180 to

01:17:01.280 tell

01:17:01.420 us

01:17:01.540 about

01:17:01.720 your

01:17:01.880 latest

01:17:02.160 book

01:17:02.380 before

01:17:02.620 we

01:17:02.780 wrap

01:17:03.020 up

01:17:03.260 right

01:17:03.900 my

01:17:04.120 latest

01:17:04.440 book

01:17:04.740 is

01:17:04.900 an

01:17:05.040 answer

01:17:05.320 to

01:17:05.620 millions

01:17:06.160 of

01:17:06.380 questions

01:17:06.740 that

01:17:06.940 are

01:17:07.060 sent

01:17:07.300 to

01:17:07.480 us

01:17:07.760 what

01:17:08.460 is

01:17:08.680 socialism

01:17:09.260 by a

01:17:09.800 new

01:17:09.960 generation

01:17:10.520 in

01:17:10.760 America

01:17:11.160 who

01:17:11.560 never

01:17:11.840 learned

01:17:12.340 what

01:17:12.580 it

01:17:12.740 was

01:17:13.140 and

01:17:13.520 are

01:17:13.680 smart

01:17:14.000 enough

01:17:14.280 to

01:17:14.480 realize

01:17:15.020 that

01:17:15.420 now

01:17:15.600 that

01:17:15.760 they're

01:17:15.960 interested

01:17:16.300 they

01:17:16.600 would

01:17:16.780 like

01:17:17.040 to

01:17:17.260 learn

01:17:17.520 what

01:17:17.760 exactly

01:17:18.220 is

01:17:18.600 it

01:17:18.800 because

01:17:19.400 it's

01:17:19.680 not

01:17:19.880 one

01:17:20.140 thing

01:17:20.620 it's

01:17:20.920 there

01:17:21.120 are

01:17:21.220 different

01:17:21.520 interpretations

01:17:22.320 the

01:17:23.020 thing

01:17:23.220 has

01:17:23.420 changed

01:17:23.960 over

01:17:24.200 the

01:17:24.300 last

01:17:24.540 hundred

01:17:24.800 years

01:17:25.280 you

01:17:25.740 need

01:17:25.920 to

01:17:26.060 learn

01:17:26.260 it

01:17:26.420 and

01:17:26.580 I

01:17:26.700 wrote

01:17:26.860 a

01:17:27.020 short

01:17:27.280 book

01:17:27.660 called

01:17:28.180 Understanding

01:17:28.820 Socialism

01:17:29.620 to

01:17:30.060 meet

01:17:30.300 that

01:17:30.540 demand

01:17:30.980 I

01:17:31.580 produce

01:17:32.180 with

01:17:32.620 a

01:17:32.760 group

01:17:33.080 a

01:17:34.080 regular

01:17:34.440 weekly

01:17:34.920 radio

01:17:35.380 and

01:17:35.600 television

01:17:36.040 program

01:17:36.540 it's

01:17:36.920 called

01:17:37.180 Economic

01:17:37.880 Update

01:17:38.560 if

01:17:39.260 you're

01:17:39.460 interested

01:17:39.820 in it

01:17:40.280 you can

01:17:40.800 find out

01:17:41.320 where

01:17:41.520 the radio

01:17:42.020 and the

01:17:42.300 TV

01:17:42.560 carry

01:17:43.020 it

01:17:43.260 but

01:17:43.840 every

01:17:44.200 program

01:17:44.880 is put

01:17:46.200 up

01:17:46.360 on

01:17:46.540 YouTube

01:17:46.900 you

01:17:47.240 just

01:17:47.440 go

01:17:47.660 to

01:17:47.820 YouTube

01:17:48.440 slash

01:17:49.100 democracy

01:17:50.180 at

01:17:50.760 work

01:17:51.240 and

01:17:52.080 that's

01:17:52.420 where

01:17:52.580 you'll

01:17:52.800 find

01:17:53.140 it

01:17:53.340 the

01:17:53.620 democracy

01:17:54.140 at

01:17:54.420 work

01:17:54.700 refers

01:17:55.160 to

01:17:55.360 what

01:17:55.520 we've

01:17:55.880 finished

01:17:56.280 up

01:17:56.860 talking

01:17:57.100 about

01:17:57.520 converting

01:17:58.380 the

01:17:58.680 enterprise

01:17:59.400 into

01:18:00.260 a

01:18:00.500 democratic

01:18:01.120 institution

01:18:02.020 instead

01:18:02.840 of

01:18:03.340 the

01:18:03.780 hierarchical

01:18:04.600 top

01:18:04.940 down

01:18:05.300 that

01:18:05.560 it

01:18:05.720 has

01:18:05.960 been

01:18:06.200 Richard

01:18:06.760 I

01:18:07.060 have

01:18:07.260 really

01:18:07.700 enjoyed

01:18:08.240 our

01:18:08.500 conversation

01:18:09.100 today

01:18:09.440 thank

01:18:09.760 you so

01:18:10.120 much

01:18:10.280 for being

01:18:10.560 a guest

01:18:10.840 on

01:18:10.980 Valuetainment

01:18:11.540 my

01:18:12.140 appreciation

01:18:12.880 also for

01:18:13.740 you

01:18:13.920 really

01:18:14.220 I

01:18:14.420 appreciate

01:18:14.840 that you

01:18:15.240 do

01:18:15.500 what

01:18:15.740 you

01:18:15.900 do

01:18:16.240 that

01:18:16.640 you

01:18:17.080 do

01:18:17.300 it

01:18:17.420 in

01:18:17.500 the

01:18:17.580 way

01:18:17.740 you

01:18:17.920 do

01:18:18.220 and

01:18:18.620 that

01:18:18.740 we

01:18:18.860 can

01:18:19.020 have

01:18:19.280 a

01:18:19.420 conversation

01:18:19.960 with

01:18:20.360 and

01:18:20.520 without

01:18:20.840 agreement

01:18:21.340 and

01:18:22.060 that's

01:18:22.300 what

01:18:22.480 real

01:18:23.320 friendship

01:18:24.420 and

01:18:24.980 intellectual

01:18:25.580 seriousness

01:18:26.300 ought to

01:18:26.940 be

01:18:27.080 about

01:18:27.400 I

01:18:27.940 appreciate

01:18:28.240 that

01:18:28.440 thank

01:18:28.680 you

01:18:28.880 have

01:18:29.160 a

01:18:29.280 wonderful

01:18:29.560 day

01:18:29.940 you

01:18:30.440 too

01:18:30.760 thanks

01:18:31.320 everybody

01:18:31.620 for

01:18:31.860 listening

01:18:32.180 and

01:18:32.360 by the

01:18:32.580 way

01:18:32.700 if you

01:18:32.860 haven't

01:18:33.100 already

01:18:33.360 subscribed

01:18:33.820 to

01:18:34.040 Valuetainment

01:18:34.560 on

01:18:34.760 iTunes

01:18:35.320 please

01:18:35.980 do

01:18:36.280 so

01:18:36.660 give

01:18:37.100 us

01:18:37.240 a

01:18:37.380 five

01:18:37.640 star

01:18:37.980 write

01:18:38.540 a

01:18:38.660 review

01:18:38.860 if

01:18:39.020 you

01:18:39.100 haven't

01:18:39.280 already

01:18:39.660 and

01:18:39.900 if

01:18:40.020 you

01:18:40.080 have

01:18:40.180 any

01:18:40.340 questions

01:18:40.800 for

01:18:41.120 me

01:18:41.280 you

01:18:41.480 can

01:18:42.240 always

01:18:42.540 find

01:18:42.780 me

01:18:42.900 on

01:18:43.040 Snapchat

01:18:43.380 Instagram

01:18:44.220 Facebook

01:18:44.900 or

01:18:45.300 YouTube

01:18:45.620 just

01:18:45.940 search

01:18:46.200 my

01:18:46.400 name

01:18:53.320 have

01:18:53.460 a

01:18:53.480 great

01:18:53.760 day

01:18:53.980 today

01:18:54.240 take

01:18:54.480 care

01:18:54.600 everybody

01:18:54.940 bye

01:18:55.200 bye

Valuetainment - June 25, 2020

Episode 480： Heated Debate On Capitalism with America’s Most Prominent Marxist Economist

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