Bill Moyers: Matt Taibbi and Chrystia Freeland on the One Percent’s Power and Privileges
https://vimeo.com/51735212
Matt Taibbi and Chrystia Freeland on the One Percents Power and Privileges
October 19, 2012
The One Percent is not only increasing their share of wealth theyre using it to spread millions among political candidates who serve their interests. Example: Goldman Sachs, which gave more money than any other major American corporation to Barack Obama in 2008, is switching alliances this year; their employees have given $900,000 both to Mitt Romneys campaign and to the pro-Romney super PAC Restore Our Future. Why? Because, says the
Wall Street Journal, the Goldman Sachs gang felt betrayed by President Obamas modest attempts at financial reform.
To discuss how the super-rich have willfully confused their self-interest with Americas interest, Bill is joined by
Rolling Stone magazines Matt Taibbi, who regularly shines his spotlight on scandals involving big business and government, and journalist Chrystia Freeland, author of the new book
Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else.
We have this community of rich people who genuinely believe that they are the wealth creators and they should get every advantage and break, Taibbi tells Bill. Whereas everybody else is a parasite and theyre living off of them
Freeland adds, You know, 2008 is not so long ago, and already, the anti-regulation chorus is so strong. How dare they have the gall to actually argue that too much regulation of American financial services is what is killing the economy?
http://billmoyers.com/segment/matt-taibbi-and-chrystia-freeland-on-the-one-percents-power-and-privileges/