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These are the user uploaded subtitles that are being translated: 1 00:00:00,900 --> 00:00:05,360 what if they Enlightenment promise US 2 00:00:07,500 --> 00:00:13,440 promised us freedom on the basis of 3 00:00:10,980 --> 00:00:16,618 being able to think for ourselves 4 00:00:13,439 --> 00:00:20,399 thus govern ourselves 5 00:00:16,618 --> 00:00:22,379 that was really the premise 6 00:00:20,399 --> 00:00:26,698 that if we were released from 7 00:00:22,379 --> 00:00:29,759 constraints of myth and tradition 8 00:00:26,699 --> 00:00:34,020 released to be able to think and reason 9 00:00:29,760 --> 00:00:38,480 and discover what was true for ourselves 10 00:00:34,020 --> 00:00:38,480 that that was the source of our freedom 11 00:00:38,640 --> 00:00:42,840 but something happened at the end of the 12 00:00:41,039 --> 00:00:46,500 20th century 13 00:00:42,840 --> 00:00:51,680 which was this new way of thinking about 14 00:00:46,500 --> 00:00:54,719 society and human beings as a market 15 00:00:51,679 --> 00:00:57,619 what does it mean to rule yourself if we 16 00:00:54,719 --> 00:01:01,460 are all meant to think of ourselves as 17 00:00:57,619 --> 00:01:05,399 Commodities and everything is marketized 18 00:01:01,460 --> 00:01:08,340 what's really tragic about the 19 00:01:05,400 --> 00:01:10,380 economization of every aspect of life 20 00:01:08,340 --> 00:01:12,118 is that we're really seeing the 21 00:01:10,379 --> 00:01:13,339 enlightened and dream come to a kind of 22 00:01:12,118 --> 00:01:16,618 end 23 00:01:13,340 --> 00:01:19,500 where the mandates of a financialized 24 00:01:16,618 --> 00:01:22,438 society all but extinguish the real 25 00:01:19,500 --> 00:01:25,099 freedom to make yourself according to 26 00:01:22,438 --> 00:01:25,099 your own lights 27 00:01:26,099 --> 00:01:29,099 foreign 28 00:01:33,239 --> 00:01:39,719 [Music] 29 00:01:37,340 --> 00:01:42,618 s we made a film 30 00:01:39,719 --> 00:01:42,618 the corporation 31 00:01:42,780 --> 00:01:47,460 we argued that large publicly traded 32 00:01:45,118 --> 00:01:50,159 corporations are programmed relentlessly 33 00:01:47,459 --> 00:01:51,899 to pursue profit and growth and have 34 00:01:50,159 --> 00:01:53,880 become the dominant institutions of our 35 00:01:51,899 --> 00:01:56,399 time 36 00:01:53,879 --> 00:01:59,459 we showed that the corporation is deemed 37 00:01:56,399 --> 00:02:01,079 by law to be a person 38 00:01:59,459 --> 00:02:02,279 but it has the same rights as human 39 00:02:01,078 --> 00:02:05,419 beings 40 00:02:02,280 --> 00:02:05,420 sometimes even more 41 00:02:06,478 --> 00:02:12,800 so we pose the question 42 00:02:08,879 --> 00:02:12,799 if the corporation is legally a person 43 00:02:12,840 --> 00:02:18,180 what kind of person is it 44 00:02:15,620 --> 00:02:20,700 we analyzed it the way a psychiatrist 45 00:02:18,180 --> 00:02:21,959 would analyze a patient 46 00:02:20,699 --> 00:02:24,429 we found his character to be 47 00:02:21,959 --> 00:02:26,340 pathologically self-interested 48 00:02:24,430 --> 00:02:28,920 [Music] 49 00:02:26,340 --> 00:02:32,280 now with the world in crisis 50 00:02:28,919 --> 00:02:34,500 climate change spiraling inequality 51 00:02:32,280 --> 00:02:36,979 a global pandemic 52 00:02:34,500 --> 00:02:42,739 we re-examined the corporation 53 00:02:36,979 --> 00:02:45,299 I was changed I was changing our world 54 00:02:42,739 --> 00:02:45,980 and how it's changing our very sense of 55 00:02:45,300 --> 00:02:52,189 Who We Are 56 00:02:45,979 --> 00:02:52,188 [Music] 57 00:02:55,560 --> 00:03:00,180 to begin this story we take you back to 58 00:02:58,139 --> 00:03:02,878 the 2000s 59 00:03:00,180 --> 00:03:06,719 at that time the corporation was in 60 00:03:02,878 --> 00:03:09,359 crisis this mini will come to order this 61 00:03:06,719 --> 00:03:12,419 is a case of America's largest corporate 62 00:03:09,360 --> 00:03:13,860 bankruptcy Enron and Worldcom had 63 00:03:12,419 --> 00:03:17,059 collapsed in corporate scandals of 64 00:03:13,860 --> 00:03:17,060 unprecedented magnitude 65 00:03:18,658 --> 00:03:22,620 corporations were being called out for 66 00:03:20,459 --> 00:03:25,878 malfeasance that was destroying lives 67 00:03:22,620 --> 00:03:25,878 and the environment 68 00:03:28,219 --> 00:03:34,259 around the same time globalization was 69 00:03:31,739 --> 00:03:36,120 sparking worldwide protests Against The 70 00:03:34,259 --> 00:03:37,679 Growing Power and impunity of the 71 00:03:36,120 --> 00:03:39,840 corporation 72 00:03:37,680 --> 00:03:41,760 and our first film had just charged that 73 00:03:39,840 --> 00:03:43,680 corporations are institutional 74 00:03:41,759 --> 00:03:48,079 Psychopaths 75 00:03:43,680 --> 00:03:51,180 I think calling corporations Psychopaths 76 00:03:48,080 --> 00:03:54,060 absolutely had an impact and I can say 77 00:03:51,180 --> 00:03:56,099 that for myself when when I had to 78 00:03:54,060 --> 00:03:58,019 consume that particular thought 79 00:03:56,098 --> 00:04:01,619 that was um 80 00:03:58,019 --> 00:04:05,158 that was interesting to use a very soft 81 00:04:01,620 --> 00:04:06,719 word I it was outrageous has it 82 00:04:05,158 --> 00:04:10,139 influenced it yes 83 00:04:06,719 --> 00:04:12,919 are we on the road to recovery I hope I 84 00:04:10,139 --> 00:04:12,919 hope we are 85 00:04:13,560 --> 00:04:19,160 about 2005 we started to see many of the 86 00:04:16,978 --> 00:04:23,579 world's biggest branded companies 87 00:04:19,160 --> 00:04:27,139 suddenly making very sweeping promises 88 00:04:23,579 --> 00:04:30,359 promises such as 100 carbon neutrality 89 00:04:27,139 --> 00:04:33,900 zero waste to landfill zero 90 00:04:30,360 --> 00:04:38,340 deforestation 100 recycling 91 00:04:33,899 --> 00:04:40,739 a real and significant shift 92 00:04:38,339 --> 00:04:43,319 since that shift corporations have 93 00:04:40,740 --> 00:04:45,600 mounted a major charm offensive 94 00:04:43,319 --> 00:04:47,699 rebranding themselves and rebranding the 95 00:04:45,600 --> 00:04:49,979 entire capitalist system is having 96 00:04:47,699 --> 00:04:52,939 changed having evolved into something 97 00:04:49,978 --> 00:04:52,939 new and improved 98 00:04:53,250 --> 00:05:02,839 [Music] 99 00:05:00,959 --> 00:05:05,758 yeah 100 00:05:02,839 --> 00:05:08,039 I think there is genuinely a different 101 00:05:05,759 --> 00:05:10,139 dialogue that's taking place about 102 00:05:08,040 --> 00:05:11,700 corporations and the role that they play 103 00:05:10,139 --> 00:05:13,918 in society 104 00:05:11,699 --> 00:05:16,560 [Music] 105 00:05:13,918 --> 00:05:19,680 that Cult of shareholder value has seen 106 00:05:16,560 --> 00:05:23,100 its day as the narrow construct for how 107 00:05:19,680 --> 00:05:25,860 companies operate in society wait what 108 00:05:23,100 --> 00:05:28,740 did he say that Cult of shareholder 109 00:05:25,860 --> 00:05:31,319 value has seen its day as the narrow 110 00:05:28,740 --> 00:05:32,639 construct for how companies operate in 111 00:05:31,319 --> 00:05:35,038 society 112 00:05:32,639 --> 00:05:36,600 this idea that making money for 113 00:05:35,038 --> 00:05:39,060 shareholders is no longer the 114 00:05:36,600 --> 00:05:41,039 corporation's only goal it's the essence 115 00:05:39,060 --> 00:05:44,720 of the new story the story that 116 00:05:41,038 --> 00:05:44,719 corporations now tell about themselves 117 00:05:51,538 --> 00:05:55,379 Klaus Schwab the man who first came up 118 00:05:53,699 --> 00:05:58,560 with the idea of a new kind of 119 00:05:55,379 --> 00:06:01,680 Corporation companies we coconise let's 120 00:05:58,560 --> 00:06:06,240 say half a special responsibility how we 121 00:06:01,680 --> 00:06:09,959 combine or how we plan money making and 122 00:06:06,240 --> 00:06:09,960 social responsibility 123 00:06:11,699 --> 00:06:15,960 to advance his ideas 124 00:06:13,620 --> 00:06:18,478 Schwab built the world's most important 125 00:06:15,959 --> 00:06:21,198 annual Gathering of corporate Titans and 126 00:06:18,478 --> 00:06:21,199 world leaders 127 00:06:22,089 --> 00:06:25,439 [Music] 128 00:06:25,620 --> 00:06:30,120 it's one of the most important 129 00:06:27,959 --> 00:06:32,339 Gatherings of the global super Elite 130 00:06:30,120 --> 00:06:35,310 it's kind of the first stop in the 131 00:06:32,339 --> 00:06:37,560 elites yearly migration route 132 00:06:35,310 --> 00:06:39,418 [Music] 133 00:06:37,560 --> 00:06:41,519 people who are successful and make a lot 134 00:06:39,418 --> 00:06:42,899 of money are a dime a dozen but these 135 00:06:41,519 --> 00:06:45,439 are the people who are the most 136 00:06:42,899 --> 00:06:45,439 successful 137 00:06:46,449 --> 00:06:49,610 [Music] 138 00:06:53,300 --> 00:06:58,139 but Davos isn't only a meeting place for 139 00:06:56,339 --> 00:06:59,879 the super Elite 140 00:06:58,139 --> 00:07:01,439 it's also where corporate Chiefs and 141 00:06:59,879 --> 00:07:03,300 government leaders come together each 142 00:07:01,439 --> 00:07:05,759 year to promote the story of the new 143 00:07:03,300 --> 00:07:08,879 Corporation 144 00:07:05,759 --> 00:07:12,120 the corporations are conscientious now 145 00:07:08,879 --> 00:07:13,899 longer greedy and selfish but poised to 146 00:07:12,120 --> 00:07:18,588 help make the world a better place 147 00:07:13,899 --> 00:07:18,588 [Music] 148 00:07:22,500 --> 00:07:27,180 Sandra navidi is a Davos Insider and 149 00:07:25,680 --> 00:07:30,120 author of a book about the world's most 150 00:07:27,180 --> 00:07:32,579 powerful players these Financial Elites 151 00:07:30,120 --> 00:07:35,579 have great power and in some instances 152 00:07:32,579 --> 00:07:37,560 this power actually exceeds those of 153 00:07:35,579 --> 00:07:40,219 democratically elected people or 154 00:07:37,560 --> 00:07:40,220 institutions 155 00:07:43,399 --> 00:07:47,758 this is Jamie dimon 156 00:07:46,139 --> 00:07:49,918 he heads the biggest bank in the United 157 00:07:47,759 --> 00:07:52,520 States and is a leading voice for 158 00:07:49,918 --> 00:07:52,519 Corporate America 159 00:07:53,098 --> 00:08:00,300 so the Jamie Diamond reception there 160 00:07:57,598 --> 00:08:01,199 will be some introduction to the clients 161 00:08:00,300 --> 00:08:03,240 right 162 00:08:01,199 --> 00:08:05,160 this is Sanjay Jane 163 00:08:03,240 --> 00:08:06,800 one of Diamond's top Executives at 164 00:08:05,160 --> 00:08:10,020 JPMorgan Chase 165 00:08:06,800 --> 00:08:12,660 he's advising a prospective client no 166 00:08:10,019 --> 00:08:15,359 but I knew that we needed to be here 167 00:08:12,660 --> 00:08:17,520 because Davos is the place where all 168 00:08:15,360 --> 00:08:21,000 these people come together for a week 169 00:08:17,519 --> 00:08:22,918 it's insane what happens here 170 00:08:21,000 --> 00:08:25,759 and here's the client 171 00:08:22,918 --> 00:08:28,019 Bebop Cresta hi 172 00:08:25,759 --> 00:08:29,580 he's looking for investors in his 173 00:08:28,019 --> 00:08:31,918 company that's developing a 174 00:08:29,579 --> 00:08:33,139 transportation capsule that travels at 175 00:08:31,918 --> 00:08:36,139 the speed of sound 176 00:08:33,139 --> 00:08:36,139 sorry 177 00:08:36,918 --> 00:08:40,579 sorry excuse me 178 00:08:41,158 --> 00:08:44,120 foreign 179 00:09:02,720 --> 00:09:09,480 JP Morgan and JB diamond in particular 180 00:09:06,500 --> 00:09:11,759 kicked into Troy as the one city in the 181 00:09:09,480 --> 00:09:14,159 entire country we were going to save and 182 00:09:11,759 --> 00:09:16,500 so you need to say to Jamie I just want 183 00:09:14,159 --> 00:09:18,838 you to know that we are building a 184 00:09:16,500 --> 00:09:22,100 hyperloop to Detroit we care about 185 00:09:18,839 --> 00:09:22,100 Detroit as much as you do that's 186 00:09:44,179 --> 00:09:49,319 I don't know where there was a spec team 187 00:09:46,379 --> 00:09:52,320 from a person like Jimmy diamond 188 00:09:49,320 --> 00:09:54,180 I discovered a person that installed a 189 00:09:52,320 --> 00:09:57,778 very great culture inside their company 190 00:09:54,179 --> 00:09:58,739 the starting programs trying to improve 191 00:09:57,778 --> 00:10:01,399 Society 192 00:09:58,740 --> 00:10:03,360 creating a special program for Detroit 193 00:10:01,399 --> 00:10:05,519 reconstructing completely I wasn't 194 00:10:03,360 --> 00:10:08,519 expecting that I know what you've done 195 00:10:05,519 --> 00:10:12,000 for Detroit and all the effort allegedly 196 00:10:08,519 --> 00:10:14,879 to save it and it's not public yet but 197 00:10:12,000 --> 00:10:17,820 we are we signed it here with Ohio to 198 00:10:14,879 --> 00:10:19,799 actually build an item to Detroit you 199 00:10:17,820 --> 00:10:22,080 know we are trying to contribute for 200 00:10:19,799 --> 00:10:25,319 your example I think it's a very 201 00:10:22,080 --> 00:10:28,080 important project it's a big big year 202 00:10:25,320 --> 00:10:30,300 for us it's exciting I'll see you in a 203 00:10:28,080 --> 00:10:33,480 couple weeks okay okay thank you thank 204 00:10:30,299 --> 00:10:36,479 you very much Davos is a place of 205 00:10:33,480 --> 00:10:38,759 interaction of dialogue we look at the 206 00:10:36,480 --> 00:10:41,399 ecosystem of what's Happening 207 00:10:38,759 --> 00:10:46,200 but always with a sense of 208 00:10:41,399 --> 00:10:48,839 responsibility for us and us it means 209 00:10:46,200 --> 00:10:52,459 not just one country not just one person 210 00:10:48,839 --> 00:10:54,740 I think at the end we are all a globally 211 00:10:52,458 --> 00:11:08,219 interdependent humankind 212 00:10:54,740 --> 00:11:10,919 [Music] 213 00:11:08,220 --> 00:11:12,480 so here in Davos we debated the motion 214 00:11:10,919 --> 00:11:15,360 is the business of business still just 215 00:11:12,480 --> 00:11:17,519 business and interestingly more than 80 216 00:11:15,360 --> 00:11:19,620 percent said no in today's 217 00:11:17,519 --> 00:11:21,299 transformative age the business has a 218 00:11:19,620 --> 00:11:24,600 wider accountability and opportunity 219 00:11:21,299 --> 00:11:28,199 we're in a new age of doing business 220 00:11:24,600 --> 00:11:30,300 you need to give back you need to be 221 00:11:28,200 --> 00:11:34,019 part of the solution 222 00:11:30,299 --> 00:11:35,879 Society is demanding that companies both 223 00:11:34,019 --> 00:11:38,940 public and private 224 00:11:35,879 --> 00:11:41,039 serve a social purpose there is a new 225 00:11:38,940 --> 00:11:43,140 possibility we can imagine something 226 00:11:41,039 --> 00:11:45,958 different it takes courageous leadership 227 00:11:43,139 --> 00:11:48,120 and it takes people who get it here and 228 00:11:45,958 --> 00:11:49,799 you get it here and who understand that 229 00:11:48,120 --> 00:11:51,659 life is short and precious and if we're 230 00:11:49,799 --> 00:11:53,939 in positions of power and influence that 231 00:11:51,659 --> 00:11:55,980 we should use that to help shift the 232 00:11:53,940 --> 00:11:57,779 Paradigm and the possibility of what it 233 00:11:55,980 --> 00:11:59,579 means to be a business on the planet and 234 00:11:57,778 --> 00:12:02,519 what it means to be a human being 235 00:11:59,578 --> 00:12:04,799 it all sounds so good this talk of a new 236 00:12:02,519 --> 00:12:08,399 kind of Corporation 237 00:12:04,799 --> 00:12:10,559 in Davos and everywhere else 238 00:12:08,399 --> 00:12:13,078 for many businesses the commitment to 239 00:12:10,559 --> 00:12:16,559 the triple bottom line of people profit 240 00:12:13,078 --> 00:12:19,019 and planet is real the problem is the 241 00:12:16,559 --> 00:12:20,458 capitalist system as a whole is not 242 00:12:19,019 --> 00:12:23,700 committed to that 243 00:12:20,458 --> 00:12:25,619 there are CEOs and corporate boards 244 00:12:23,700 --> 00:12:28,160 attempting to do good in the world there 245 00:12:25,620 --> 00:12:28,159 clearly are 246 00:12:28,379 --> 00:12:33,299 but the notion that there is anything 247 00:12:30,919 --> 00:12:35,879 inherently socially responsible about a 248 00:12:33,299 --> 00:12:38,458 corporation is a counter-intuitive 249 00:12:35,879 --> 00:12:41,159 proposition 250 00:12:38,458 --> 00:12:43,018 by law the corporation exists for one 251 00:12:41,159 --> 00:12:44,819 reason to return benefits to 252 00:12:43,019 --> 00:12:46,560 shareholders 253 00:12:44,820 --> 00:12:48,180 there is no such thing as Corporate 254 00:12:46,559 --> 00:12:51,539 social responsibility 255 00:12:48,179 --> 00:12:53,519 corporations don't have the leeway to 256 00:12:51,539 --> 00:12:55,139 sacrifice sharehold returns for doing 257 00:12:53,519 --> 00:12:58,879 whatever they want or whatever they 258 00:12:55,139 --> 00:12:58,879 believe is socially responsible 259 00:13:01,440 --> 00:13:08,399 of the corporation's new image 260 00:13:04,320 --> 00:13:10,139 of the claying corporations have changed 261 00:13:08,399 --> 00:13:12,539 since our last film 262 00:13:10,139 --> 00:13:14,820 the American Psychiatric association has 263 00:13:12,539 --> 00:13:17,179 added a new item to its diagnostic 264 00:13:14,820 --> 00:13:17,180 checklist 265 00:13:19,559 --> 00:13:26,939 [Applause] 266 00:13:21,080 --> 00:13:29,459 [Music] 267 00:13:26,940 --> 00:13:32,459 you always have to come back as a leader 268 00:13:29,458 --> 00:13:34,500 to purpose why are we here why are we 269 00:13:32,458 --> 00:13:37,439 doing business and we want to do 270 00:13:34,500 --> 00:13:40,639 business for the long term values are 271 00:13:37,440 --> 00:13:43,440 part of the purpose of a company 272 00:13:40,639 --> 00:13:45,959 John Brown is a leading voice in today's 273 00:13:43,440 --> 00:13:48,000 new Corporation movement 274 00:13:45,958 --> 00:13:49,619 when he was CEO of the world's second 275 00:13:48,000 --> 00:13:52,019 largest oil company 276 00:13:49,620 --> 00:13:54,360 he professed deep environmental beliefs 277 00:13:52,019 --> 00:13:56,399 while achieving record profits and 278 00:13:54,360 --> 00:13:57,778 meteoric growth you basically for the 279 00:13:56,399 --> 00:14:00,120 first time and welcome to Executives 280 00:13:57,778 --> 00:14:04,200 step forward to say global warming is a 281 00:14:00,120 --> 00:14:06,419 problem it's set BP apart uh I think 282 00:14:04,200 --> 00:14:09,240 people are much more convinced now at 283 00:14:06,419 --> 00:14:12,000 least around the world that there is a 284 00:14:09,240 --> 00:14:14,879 real case to take precaution reaction to 285 00:14:12,000 --> 00:14:16,440 avoid carbon uh concentrations going to 286 00:14:14,879 --> 00:14:19,200 Beyond a critical level in the 287 00:14:16,440 --> 00:14:20,940 atmosphere my sense is that John Brown's 288 00:14:19,200 --> 00:14:23,459 concerns are genuine his interest in the 289 00:14:20,940 --> 00:14:25,680 environment is genuine his concern for 290 00:14:23,458 --> 00:14:28,379 workers and for people's safety 291 00:14:25,679 --> 00:14:31,019 theoretically is genuine 292 00:14:28,379 --> 00:14:33,419 but those desires are just inherently 293 00:14:31,019 --> 00:14:35,220 conflicting with the need to make money 294 00:14:33,419 --> 00:14:36,719 because turning a profit for those 295 00:14:35,220 --> 00:14:38,959 corporations is always going to come 296 00:14:36,720 --> 00:14:38,959 first 297 00:14:39,830 --> 00:14:46,459 [Music] 298 00:14:44,360 --> 00:14:52,079 [Applause] 299 00:14:46,458 --> 00:14:55,679 2005 when I was CEO of BP we had a 300 00:14:52,078 --> 00:14:59,099 terrible tragedy 15 people died in a 301 00:14:55,679 --> 00:15:01,559 Refinery explosion in Texas City 302 00:14:59,100 --> 00:15:04,199 this is the second time people have died 303 00:15:01,559 --> 00:15:06,539 at this plant in less than a year in 304 00:15:04,198 --> 00:15:09,958 that time it has been fined for more 305 00:15:06,539 --> 00:15:13,379 than 14 safety violations 306 00:15:09,958 --> 00:15:16,559 all of us at BP are very deeply saddened 307 00:15:13,379 --> 00:15:19,939 by the loss of life and injury suffered 308 00:15:16,559 --> 00:15:19,939 by so many people 309 00:15:21,360 --> 00:15:27,899 after Texas City we were at pains at 310 00:15:24,958 --> 00:15:31,198 pains to say safety must never be 311 00:15:27,899 --> 00:15:33,839 compromised for financial performance we 312 00:15:31,198 --> 00:15:37,799 were very concerned to make sure that 313 00:15:33,839 --> 00:15:40,260 safety operational safety process safety 314 00:15:37,799 --> 00:15:42,059 took privacy it's ridiculous for John 315 00:15:40,259 --> 00:15:43,980 Brown to suggest that he had adequately 316 00:15:42,059 --> 00:15:45,958 addressed process safety in the wake of 317 00:15:43,980 --> 00:15:48,720 the Texas City Refinery it was less than 318 00:15:45,958 --> 00:15:51,059 a year later his company had a spill in 319 00:15:48,720 --> 00:15:54,000 Alaska on oil pipelines which it turns 320 00:15:51,059 --> 00:15:56,578 out were not maintained technicians at 321 00:15:54,000 --> 00:15:59,100 prudho Bay warned it was understaffed 322 00:15:56,578 --> 00:16:01,198 lacking in routine maintenance leak 323 00:15:59,100 --> 00:16:03,778 prone and vulnerable there was a 324 00:16:01,198 --> 00:16:05,399 specific decision to save money by not 325 00:16:03,778 --> 00:16:07,559 running corrosion tests in those 326 00:16:05,399 --> 00:16:11,899 pipelines it's the same kind of thing 327 00:16:07,559 --> 00:16:11,899 that led to the Texas City explosion 328 00:16:11,940 --> 00:16:16,320 yet BP claimed it had learned its lesson 329 00:16:14,698 --> 00:16:20,698 from Texas City 330 00:16:16,320 --> 00:16:24,920 in 2007 I left BP and I thought this is 331 00:16:20,698 --> 00:16:24,919 great this company has got it 332 00:16:25,320 --> 00:16:27,920 foreign 333 00:16:37,320 --> 00:16:40,220 people died 334 00:16:41,578 --> 00:16:46,258 and while I wasn't there and I didn't 335 00:16:44,100 --> 00:16:49,860 know what had happened 336 00:16:46,259 --> 00:16:52,039 I could see some terrible Echoes of 337 00:16:49,860 --> 00:16:52,039 History 338 00:16:55,139 --> 00:17:00,120 while John Brown had left BP 339 00:16:57,839 --> 00:17:01,800 some things hadn't changed 340 00:17:00,120 --> 00:17:04,859 the poor decisions that led to the 341 00:17:01,799 --> 00:17:07,198 Deepwater Horizon Echo and track what 342 00:17:04,859 --> 00:17:10,099 John Brown instituted in the company a 343 00:17:07,199 --> 00:17:10,100 decade or two before 344 00:17:10,919 --> 00:17:15,360 John Brown pushed the largest cost cut 345 00:17:13,019 --> 00:17:16,918 that I've heard of at any Corporation in 346 00:17:15,359 --> 00:17:19,139 any kind of industry not just the oil 347 00:17:16,919 --> 00:17:21,720 industry you can't do that without 348 00:17:19,140 --> 00:17:24,360 cutting corners on maintenance of 349 00:17:21,720 --> 00:17:28,220 equipment without pushing timetables 350 00:17:24,359 --> 00:17:28,219 that's the culture that he built 351 00:17:33,079 --> 00:17:38,399 thank you 352 00:17:35,339 --> 00:17:41,279 when given that choice between doing 353 00:17:38,400 --> 00:17:43,080 good and doing well for your company the 354 00:17:41,279 --> 00:17:44,460 fact that publicly held companies have 355 00:17:43,079 --> 00:17:46,918 an obligation to deliver to their 356 00:17:44,460 --> 00:17:48,840 shareholders making those profits will 357 00:17:46,919 --> 00:17:50,280 always be the highest priority those 358 00:17:48,839 --> 00:17:51,959 trend lines are just headed in opposite 359 00:17:50,279 --> 00:17:54,139 directions and I think they always will 360 00:17:51,960 --> 00:17:54,140 be 361 00:17:57,930 --> 00:18:03,900 [Music] 362 00:18:00,480 --> 00:18:06,058 clear a for-profit Institution 363 00:18:03,900 --> 00:18:07,620 and we are making an investment in 364 00:18:06,058 --> 00:18:11,879 Detroit 365 00:18:07,619 --> 00:18:16,159 remember Jamie dimon from JPMorgan Chase 366 00:18:11,880 --> 00:18:16,160 he's the CEO who wants to save Detroit 367 00:18:16,200 --> 00:18:20,279 was devastated by the 2008 financial 368 00:18:18,900 --> 00:18:22,798 crisis 369 00:18:20,279 --> 00:18:25,678 a third of its homes were abandoned 370 00:18:22,798 --> 00:18:28,139 over the next five years it spiraled 371 00:18:25,679 --> 00:18:31,038 towards rock bottom when the 2008 372 00:18:28,140 --> 00:18:32,940 financial crisis hammered North America 373 00:18:31,038 --> 00:18:35,038 long-suffering Detroit was hit 374 00:18:32,940 --> 00:18:37,080 especially hard Detroit is officially 375 00:18:35,038 --> 00:18:39,679 the largest city in history to file for 376 00:18:37,079 --> 00:18:39,678 bankruptcy 377 00:18:40,200 --> 00:18:44,940 after bankruptcy Jamie dimon and his 378 00:18:43,140 --> 00:18:47,580 bank stepped in with vast amounts of 379 00:18:44,940 --> 00:18:49,500 capital why Detroit so obviously it's 380 00:18:47,579 --> 00:18:50,759 good for the bank but but it's poor 381 00:18:49,500 --> 00:18:52,500 Humanity trying to help your city and 382 00:18:50,759 --> 00:18:53,700 your people come back and recover from 383 00:18:52,500 --> 00:18:54,720 it have been basically a terrible 20 384 00:18:53,700 --> 00:18:56,940 years 385 00:18:54,720 --> 00:19:00,298 Jamie Diamond wants to rescue Detroit 386 00:18:56,940 --> 00:19:03,179 but what's misleading is he wants 387 00:19:00,298 --> 00:19:05,700 America to believe that he and by 388 00:19:03,179 --> 00:19:07,500 implication J.P Morgan Chase Bank are 389 00:19:05,700 --> 00:19:09,660 somehow the good guys that they are 390 00:19:07,500 --> 00:19:14,940 leading us in a direction we want to be 391 00:19:09,660 --> 00:19:18,840 going in without without any memory that 392 00:19:14,940 --> 00:19:21,660 he and the bank caused in part a huge 393 00:19:18,839 --> 00:19:25,019 recession that wrecked the lives of 394 00:19:21,660 --> 00:19:27,960 millions tens of millions of people at 395 00:19:25,019 --> 00:19:30,240 one point the market fell as if down a 396 00:19:27,960 --> 00:19:32,279 well the NASDAQ everything and more has 397 00:19:30,240 --> 00:19:34,500 been completely wiped out three of the 398 00:19:32,279 --> 00:19:36,960 five biggest independent firms on Wall 399 00:19:34,500 --> 00:19:39,119 Street have now disappeared major 400 00:19:36,960 --> 00:19:41,700 sectors of America's Financial system 401 00:19:39,119 --> 00:19:45,119 are at risk of shutting down 402 00:19:41,700 --> 00:19:46,500 2008 financial crisis was the result of 403 00:19:45,119 --> 00:19:48,839 corporate misconduct and Reckless 404 00:19:46,500 --> 00:19:51,599 speculation that malfeasance nearly 405 00:19:48,839 --> 00:19:53,399 destroy the global economy 406 00:19:51,599 --> 00:19:55,379 cost the American economy about 20 407 00:19:53,400 --> 00:19:57,840 trillion dollars in terms of lost 408 00:19:55,380 --> 00:19:59,340 housing value lost productivity from the 409 00:19:57,839 --> 00:20:00,899 recession 410 00:19:59,339 --> 00:20:02,639 millions of people lost their jobs 411 00:20:00,900 --> 00:20:03,840 millions of others were thrown out of 412 00:20:02,640 --> 00:20:07,038 their homes 413 00:20:03,839 --> 00:20:07,038 people were really hurt 414 00:20:08,759 --> 00:20:11,759 moments 415 00:20:12,240 --> 00:20:16,140 the nation's biggest bank JP Morgan 416 00:20:14,038 --> 00:20:17,940 Chase has agreed to a 13 billion dollar 417 00:20:16,140 --> 00:20:19,740 settlement with U.S government for 418 00:20:17,940 --> 00:20:21,538 misleading investors and mortgage 419 00:20:19,740 --> 00:20:24,120 agencies about the safety of 420 00:20:21,538 --> 00:20:25,798 mortgage-backed Securities it sold ahead 421 00:20:24,119 --> 00:20:28,859 of the financial crisis that would be 422 00:20:25,798 --> 00:20:31,200 the largest fine ever paid by a single 423 00:20:28,859 --> 00:20:35,959 Bank to settle civil charges yet doesn't 424 00:20:31,200 --> 00:20:35,960 even resolve a possible criminal case 425 00:20:36,538 --> 00:20:42,119 with JPMorgan Chase's caring image 426 00:20:39,000 --> 00:20:44,339 helped mask its self-interested nature 427 00:20:42,119 --> 00:20:46,979 I think we have to acknowledge that as a 428 00:20:44,339 --> 00:20:49,798 kind of private sector propaganda it has 429 00:20:46,980 --> 00:20:51,900 been remarkably successful this is on 430 00:20:49,798 --> 00:20:54,359 and geared at us an expert on how 431 00:20:51,900 --> 00:20:56,340 Corporate Elites cloak profit making and 432 00:20:54,359 --> 00:21:00,479 virtue when you have someone like Jamie 433 00:20:56,339 --> 00:21:03,298 dimon who is running an institution 434 00:21:00,480 --> 00:21:05,400 that paid fines 435 00:21:03,298 --> 00:21:08,779 for its role in helping the cause of 436 00:21:05,400 --> 00:21:10,620 financial crisis that wiped out 437 00:21:08,779 --> 00:21:14,339 communities we're talking about 438 00:21:10,619 --> 00:21:16,379 obliterated certain communities 439 00:21:14,339 --> 00:21:18,000 when you have someone like that who then 440 00:21:16,380 --> 00:21:21,539 turns around 441 00:21:18,000 --> 00:21:22,740 and says that save Detroit what's so 442 00:21:21,538 --> 00:21:26,400 amazing 443 00:21:22,740 --> 00:21:29,159 is this kind of two-step 444 00:21:26,400 --> 00:21:31,200 that this plutocratic group has been 445 00:21:29,159 --> 00:21:34,020 able to pull up you first create 446 00:21:31,200 --> 00:21:37,440 conditions in which people in a city 447 00:21:34,019 --> 00:21:41,158 like Detroit are Shattered by your 448 00:21:37,440 --> 00:21:42,298 speculation decisions and then you have 449 00:21:41,159 --> 00:21:45,960 the gall 450 00:21:42,298 --> 00:21:48,240 to Market yourself to those folks as 451 00:21:45,960 --> 00:21:50,700 their as their Christ 452 00:21:48,240 --> 00:21:52,980 we were here in the darkest moments for 453 00:21:50,700 --> 00:21:55,259 everybody at all time we didn't run we 454 00:21:52,980 --> 00:21:57,000 didn't hide and we figured you know if 455 00:21:55,259 --> 00:21:58,019 we can help in Detroit you can help 456 00:21:57,000 --> 00:22:00,058 anywhere 457 00:21:58,019 --> 00:22:02,639 we participate 458 00:22:00,058 --> 00:22:05,359 in this game 459 00:22:02,640 --> 00:22:08,038 that allows the very people 460 00:22:05,359 --> 00:22:10,019 abetting harm to our society or actively 461 00:22:08,038 --> 00:22:12,970 harming our society to reinvent 462 00:22:10,019 --> 00:22:17,249 themselves as saviors 463 00:22:12,970 --> 00:22:17,249 [Applause] 464 00:22:18,960 --> 00:22:23,340 well that's part of a larger game 465 00:22:20,400 --> 00:22:25,440 corporations now play 466 00:22:23,339 --> 00:22:27,240 make me feel good promises with Bright 467 00:22:25,440 --> 00:22:29,100 Smiles 468 00:22:27,240 --> 00:22:31,400 appearing to be different than what they 469 00:22:29,099 --> 00:22:33,619 really are 470 00:22:31,400 --> 00:22:36,600 foreign 471 00:22:33,619 --> 00:22:39,678 had a Playbook 472 00:22:36,599 --> 00:22:39,678 what might it look like 473 00:22:40,079 --> 00:22:43,579 what would its key plays be 474 00:22:47,390 --> 00:22:51,780 [Music] 475 00:22:49,619 --> 00:22:54,359 I am here with Bill Gates I'd love you 476 00:22:51,779 --> 00:22:56,940 to tell our readers what what the heck 477 00:22:54,359 --> 00:22:59,639 creative capitalism is can we take some 478 00:22:56,940 --> 00:23:02,460 of the caring and Innovation power the 479 00:22:59,640 --> 00:23:05,460 resources of Corporations and get them 480 00:23:02,460 --> 00:23:07,940 to focus more on that on the needs of 481 00:23:05,460 --> 00:23:07,940 the poorest 482 00:23:08,579 --> 00:23:13,199 Bill Gates put his idea of creative 483 00:23:10,619 --> 00:23:15,899 capitalism to work according billions 484 00:23:13,200 --> 00:23:18,000 into investments in Africa including a 485 00:23:15,900 --> 00:23:19,080 multi-million dollar stake in a startup 486 00:23:18,000 --> 00:23:20,640 company called Bridge International 487 00:23:19,079 --> 00:23:23,839 academies 488 00:23:20,640 --> 00:23:23,840 good morning class 489 00:23:24,440 --> 00:23:27,798 how are you 490 00:23:29,058 --> 00:23:35,399 I'm fine thank you Bridge is a flagship 491 00:23:32,339 --> 00:23:37,859 of creative capitalism we serve children 492 00:23:35,400 --> 00:23:39,298 living in poverty even people who are 493 00:23:37,859 --> 00:23:41,519 living in poverty 494 00:23:39,298 --> 00:23:43,019 they are earning cash and they're 495 00:23:41,519 --> 00:23:45,359 earning cash for a reason they're 496 00:23:43,019 --> 00:23:47,339 earning it to be able to spend it on 497 00:23:45,359 --> 00:23:49,319 things they need in their lives five 498 00:23:47,339 --> 00:23:51,240 years ago my co-founder Shannon and I 499 00:23:49,319 --> 00:23:52,798 decided that an aggressive startup 500 00:23:51,240 --> 00:23:55,019 company that could figure out how to 501 00:23:52,798 --> 00:23:57,298 profitably deliver education at a high 502 00:23:55,019 --> 00:23:59,038 quality could radically disrupt the 503 00:23:57,298 --> 00:24:00,720 status quo and education ultimately 504 00:23:59,038 --> 00:24:04,140 creating what could be a billion dollar 505 00:24:00,720 --> 00:24:07,259 new Global education company 506 00:24:04,140 --> 00:24:09,480 schools for the poor is a 51 billion 507 00:24:07,259 --> 00:24:11,640 dollar a year Market no one's even 508 00:24:09,480 --> 00:24:14,220 thought about it 509 00:24:11,640 --> 00:24:17,120 in the global South what we've seen is 510 00:24:14,220 --> 00:24:19,798 the emergence of chains of schools 511 00:24:17,119 --> 00:24:22,139 for-profit schools to compete against 512 00:24:19,798 --> 00:24:24,000 the public education system one of the 513 00:24:22,140 --> 00:24:26,159 biggest players is Bridge International 514 00:24:24,000 --> 00:24:29,700 academies 515 00:24:26,159 --> 00:24:32,880 invest in Bridge schools Pearson the 516 00:24:29,700 --> 00:24:34,440 World Bank Zuckerberg Gates and the list 517 00:24:32,880 --> 00:24:37,140 goes on 518 00:24:34,440 --> 00:24:39,179 we hear of creative capitalism 519 00:24:37,140 --> 00:24:40,380 but that's promoting a world where the 520 00:24:39,179 --> 00:24:42,720 market 521 00:24:40,380 --> 00:24:44,400 would dictate terms 522 00:24:42,720 --> 00:24:45,419 with respect to the provision of 523 00:24:44,400 --> 00:24:47,700 Education 524 00:24:45,419 --> 00:24:49,799 we take lessons that other large global 525 00:24:47,700 --> 00:24:50,640 Service Providers use like McDonald's or 526 00:24:49,798 --> 00:24:53,339 Starbucks 527 00:24:50,640 --> 00:24:55,500 we build for scale we systematize we 528 00:24:53,339 --> 00:24:59,099 standardize we call this vertically 529 00:24:55,500 --> 00:25:01,500 integrated platform our Academy in a box 530 00:24:59,099 --> 00:25:02,879 what is so interesting about this social 531 00:25:01,500 --> 00:25:05,579 business thing 532 00:25:02,880 --> 00:25:07,020 is on the surface it seems incredibly 533 00:25:05,579 --> 00:25:09,000 Noble 534 00:25:07,019 --> 00:25:11,038 they're saying money making should not 535 00:25:09,000 --> 00:25:12,900 be the sole goal of a business it should 536 00:25:11,038 --> 00:25:15,000 also have a social purpose 537 00:25:12,900 --> 00:25:18,538 but what it is also saying 538 00:25:15,000 --> 00:25:20,880 is that the kinds of change that we 539 00:25:18,538 --> 00:25:23,759 ought to pursue are the kinds of change 540 00:25:20,880 --> 00:25:25,559 that kick something back to the winners 541 00:25:23,759 --> 00:25:27,119 but those interested financial reasons 542 00:25:25,558 --> 00:25:29,220 are good for the world 543 00:25:27,119 --> 00:25:30,479 if we succeed in serving 10 million 544 00:25:29,220 --> 00:25:33,419 children which 545 00:25:30,480 --> 00:25:35,038 I know we will it's still only about one 546 00:25:33,419 --> 00:25:37,500 percent of children 547 00:25:35,038 --> 00:25:39,778 who need improved services in their 548 00:25:37,500 --> 00:25:42,778 government and Community Schools 549 00:25:39,778 --> 00:25:45,599 so I hope we not only get there but far 550 00:25:42,778 --> 00:25:46,980 transitive and in so doing be a good 551 00:25:45,599 --> 00:25:49,798 partner for our shareholders and those 552 00:25:46,980 --> 00:25:52,140 who've entrusted us with their capital 553 00:25:49,798 --> 00:25:55,798 try to make a big impact 554 00:25:52,140 --> 00:25:57,960 this is colonialism pure and simple 555 00:25:55,798 --> 00:26:00,000 the fundamentally bridge is saying give 556 00:25:57,960 --> 00:26:03,360 us your education system we will take 557 00:26:00,000 --> 00:26:06,119 care of it public education is one of 558 00:26:03,359 --> 00:26:07,319 the basic commitments of a Democratic 559 00:26:06,119 --> 00:26:10,439 Society 560 00:26:07,319 --> 00:26:12,599 education is not non-political it's not 561 00:26:10,440 --> 00:26:14,820 apolitical you teach a set of values 562 00:26:12,599 --> 00:26:16,918 when you're teaching you cannot rely on 563 00:26:14,819 --> 00:26:19,379 Mark Zuckerberg Bill Gates the World 564 00:26:16,919 --> 00:26:20,880 Bank to take over and provide the 565 00:26:19,380 --> 00:26:24,360 education that you should be providing 566 00:26:20,880 --> 00:26:26,159 yourself bridge is in business when you 567 00:26:24,359 --> 00:26:29,038 want to utilize 568 00:26:26,159 --> 00:26:30,600 poor citizens of this world as the 569 00:26:29,038 --> 00:26:33,419 source of income 570 00:26:30,599 --> 00:26:35,038 they're making money out of utilizing 571 00:26:33,419 --> 00:26:38,278 unqualified teachers 572 00:26:35,038 --> 00:26:40,379 we believe everyone is a teacher 573 00:26:38,278 --> 00:26:43,619 and everyone could be there are certain 574 00:26:40,380 --> 00:26:44,880 core skills you need to have you've got 575 00:26:43,619 --> 00:26:46,619 to be able to read 576 00:26:44,880 --> 00:26:48,240 might seem like a low bar but you have 577 00:26:46,619 --> 00:26:50,939 to start somewhere 578 00:26:48,240 --> 00:26:52,319 it's true Bridge teachers know how to 579 00:26:50,940 --> 00:26:53,820 read 580 00:26:52,319 --> 00:26:56,158 but they're required to do a little more 581 00:26:53,819 --> 00:26:58,558 in their classrooms because they follow 582 00:26:56,159 --> 00:27:00,720 scripted lesson plans read word for word 583 00:26:58,558 --> 00:27:02,460 from a tablet 584 00:27:00,720 --> 00:27:05,339 it's telling you all of these different 585 00:27:02,460 --> 00:27:07,740 ways to behave move away from the board 586 00:27:05,339 --> 00:27:10,439 circulate in the classroom give them 587 00:27:07,740 --> 00:27:14,298 one-on-one coaching you cannot have 588 00:27:10,440 --> 00:27:17,759 teachers who behave as robots 589 00:27:14,298 --> 00:27:20,759 that tells you walk three steps to the 590 00:27:17,759 --> 00:27:24,960 Glock board walk around the classroom 591 00:27:20,759 --> 00:27:27,179 and that's just a teacher ought to be a 592 00:27:24,960 --> 00:27:30,000 natural teacher 593 00:27:27,179 --> 00:27:32,880 from an investment point of view 594 00:27:30,000 --> 00:27:35,099 that because of a tragic failure of our 595 00:27:32,880 --> 00:27:37,440 existing systems there's an incredible 596 00:27:35,099 --> 00:27:38,879 need for services to solve these 597 00:27:37,440 --> 00:27:41,640 problems 598 00:27:38,880 --> 00:27:43,919 people have I just kind of said well if 599 00:27:41,640 --> 00:27:46,799 hopefully the government will fix it but 600 00:27:43,919 --> 00:27:48,179 fix it with what government can't fix 601 00:27:46,798 --> 00:27:50,220 problems 602 00:27:48,179 --> 00:27:51,960 it's a defining idea of the new 603 00:27:50,220 --> 00:27:54,419 Corporation 604 00:27:51,960 --> 00:27:58,140 a key play in its Playbook 605 00:27:54,419 --> 00:28:00,600 and it goes back nearly half a century 606 00:27:58,140 --> 00:28:03,000 in this present crisis 607 00:28:00,599 --> 00:28:04,199 government is not the solution to our 608 00:28:03,000 --> 00:28:07,880 problem 609 00:28:04,200 --> 00:28:07,880 government is the problem 610 00:28:08,640 --> 00:28:12,360 we believe that 611 00:28:09,900 --> 00:28:15,840 achievement should be severely 612 00:28:12,359 --> 00:28:17,699 live in the way in which they say that 613 00:28:15,839 --> 00:28:20,339 they are entitled to impose their 614 00:28:17,700 --> 00:28:22,019 judgment on what the people want if you 615 00:28:20,339 --> 00:28:23,819 look at the real problems of poverty and 616 00:28:22,019 --> 00:28:26,400 denial of freedom to people in this 617 00:28:23,819 --> 00:28:29,339 country almost every single one of them 618 00:28:26,400 --> 00:28:32,159 is a result of government action 619 00:28:29,339 --> 00:28:36,119 in the 1980s corporations were 620 00:28:32,159 --> 00:28:38,580 frustrated by the limits on profits that 621 00:28:36,119 --> 00:28:41,819 they felt were imposed upon them by the 622 00:28:38,579 --> 00:28:45,178 combination of labor unions increasing 623 00:28:41,819 --> 00:28:48,240 regulation taxation 624 00:28:45,179 --> 00:28:50,038 and that combination of things led to a 625 00:28:48,240 --> 00:28:53,579 kind of rebellion 626 00:28:50,038 --> 00:28:58,019 one that wouldn't overthrow democracy in 627 00:28:53,579 --> 00:29:01,199 some overt way but choke it leash It 628 00:28:58,019 --> 00:29:03,658 tone it down and above all replace it 629 00:29:01,200 --> 00:29:05,700 with markets 630 00:29:03,659 --> 00:29:07,159 corporations formed alliances with 631 00:29:05,700 --> 00:29:08,778 governments they had helped elect 632 00:29:07,159 --> 00:29:11,340 governments that were in fact 633 00:29:08,778 --> 00:29:13,619 anti-government and that happily lifted 634 00:29:11,339 --> 00:29:17,099 limits on corporate freedom 635 00:29:13,619 --> 00:29:20,519 Prophet soared but a price was paid and 636 00:29:17,099 --> 00:29:24,058 not by corporations what you get is this 637 00:29:20,519 --> 00:29:26,220 profound anti-government program to 638 00:29:24,058 --> 00:29:29,460 create deficits through the combination 639 00:29:26,220 --> 00:29:32,700 of tax cuts and military spending so as 640 00:29:29,460 --> 00:29:35,519 to make it impossible to use government 641 00:29:32,700 --> 00:29:38,840 in a positive and constructive way to 642 00:29:35,519 --> 00:29:38,839 deal with our social problems 643 00:29:42,960 --> 00:29:47,579 Mr President 644 00:29:44,759 --> 00:29:49,558 on behalf of the Business Leaders here 645 00:29:47,579 --> 00:29:52,678 in this room let me particularly 646 00:29:49,558 --> 00:29:55,859 congratulate you for the historic tax 647 00:29:52,679 --> 00:30:01,140 reform passed last months 648 00:29:55,859 --> 00:30:04,500 greatly reducing the tax burden of U.S 649 00:30:01,140 --> 00:30:08,100 companies providing a tremendous boost 650 00:30:04,500 --> 00:30:10,859 to the global economy I cannot wait to 651 00:30:08,099 --> 00:30:12,839 sign these giant tax cuts it'll be the 652 00:30:10,859 --> 00:30:15,778 largest tax cuts by far in the history 653 00:30:12,839 --> 00:30:17,339 of our country J.P Morgan Chase they 654 00:30:15,778 --> 00:30:19,619 just announced earnings and they were 655 00:30:17,339 --> 00:30:22,199 incredible where where are you they were 656 00:30:19,619 --> 00:30:25,019 very substantial will you say Thank you 657 00:30:22,200 --> 00:30:27,120 Mr President at least thank you Mr 658 00:30:25,019 --> 00:30:29,639 President maybe in order apparently he 659 00:30:27,119 --> 00:30:32,939 believes he played a strong role in JP 660 00:30:29,640 --> 00:30:36,140 Morgan's blowout quarter best profit for 661 00:30:32,940 --> 00:30:36,140 any Bank ever in history 662 00:30:37,140 --> 00:30:42,480 corporate profits are the highest 663 00:30:39,179 --> 00:30:45,538 they've been in decades fast forward a 664 00:30:42,480 --> 00:30:47,519 few months Global pandemic the rich keep 665 00:30:45,538 --> 00:30:49,679 getting richer and our friends on the 666 00:30:47,519 --> 00:30:52,200 other side said what do we do now let's 667 00:30:49,679 --> 00:30:56,159 do a tax cut 36 million people 668 00:30:52,200 --> 00:30:57,960 unemployed 40 percent of families who 669 00:30:56,159 --> 00:31:00,120 have a worker that makes forty thousand 670 00:30:57,960 --> 00:31:02,159 dollars a year and less lose their job 671 00:31:00,119 --> 00:31:04,259 last month four million people didn't 672 00:31:02,159 --> 00:31:07,860 pay their rent in the Republican Party 673 00:31:04,259 --> 00:31:09,898 says we don't have any money to help you 674 00:31:07,859 --> 00:31:13,019 are you kidding me 675 00:31:09,898 --> 00:31:15,058 where do you guys live 676 00:31:13,019 --> 00:31:17,579 and while corporations Lobby for and 677 00:31:15,058 --> 00:31:19,500 profit from tax cuts at home 678 00:31:17,579 --> 00:31:23,220 they further avoid taxes by stashing 679 00:31:19,500 --> 00:31:26,278 profits abroad the corporate Elites is 680 00:31:23,220 --> 00:31:28,200 best positioned to use the system that 681 00:31:26,278 --> 00:31:31,980 we have to their advantage and one 682 00:31:28,200 --> 00:31:34,200 manifestation of that is text Havens 683 00:31:31,980 --> 00:31:36,839 every year corporations squirrel away 684 00:31:34,200 --> 00:31:39,600 billions of dollars in tax Havens 685 00:31:36,839 --> 00:31:42,199 and when that's combined with tax cuts 686 00:31:39,599 --> 00:31:44,639 guess what happens 687 00:31:42,200 --> 00:31:46,860 60 of some of America's biggest 688 00:31:44,640 --> 00:31:49,259 companies reportedly paid no federal 689 00:31:46,859 --> 00:31:51,538 income tax for 2018 despite earning 690 00:31:49,259 --> 00:31:54,119 billions of dollars in profits this is 691 00:31:51,538 --> 00:31:56,278 my first time at DeVos and uh and I find 692 00:31:54,119 --> 00:31:59,459 it quite a bewildering experience to be 693 00:31:56,278 --> 00:32:01,319 honest I mean 1500 private yets have 694 00:31:59,460 --> 00:32:03,000 flown in here to here Sarah David 695 00:32:01,319 --> 00:32:05,339 Attenborough speak about you know how 696 00:32:03,000 --> 00:32:06,599 we're wrecking the planet and I mean I 697 00:32:05,339 --> 00:32:09,538 hear people talking the language of 698 00:32:06,599 --> 00:32:11,759 participation and Justice and equality 699 00:32:09,538 --> 00:32:13,500 and transparency but then I mean almost 700 00:32:11,759 --> 00:32:15,359 no one raises the real issue of tax 701 00:32:13,500 --> 00:32:17,278 avoidance right and of the rich just not 702 00:32:15,359 --> 00:32:19,678 paying their fair share we got to be 703 00:32:17,278 --> 00:32:21,599 talking about Texas that's it taxes 704 00:32:19,679 --> 00:32:25,679 taxes taxes all the rest is [ __ ] in 705 00:32:21,599 --> 00:32:28,740 my opinion thank you government used to 706 00:32:25,679 --> 00:32:30,778 have a lot of power to extract wealth in 707 00:32:28,740 --> 00:32:32,880 the form of taxes and then be able to 708 00:32:30,778 --> 00:32:35,038 use that wealth for the betterment of 709 00:32:32,880 --> 00:32:37,980 the society as a whole but what's 710 00:32:35,038 --> 00:32:41,220 happened now is that we have given more 711 00:32:37,980 --> 00:32:42,839 power to corporations to control their 712 00:32:41,220 --> 00:32:45,899 wealth and to take it out of the tax 713 00:32:42,839 --> 00:32:47,639 system so what happens as a result of 714 00:32:45,898 --> 00:32:49,819 that first of all 715 00:32:47,640 --> 00:32:52,559 companies and rich people get a lot 716 00:32:49,819 --> 00:32:54,058 richer not paying those taxes you might 717 00:32:52,558 --> 00:32:56,339 have been paying second thing that 718 00:32:54,058 --> 00:32:58,859 happens is the government has less money 719 00:32:56,339 --> 00:33:02,278 the government's capacity is sort of 720 00:32:58,859 --> 00:33:04,619 contracted and then social problems 721 00:33:02,278 --> 00:33:06,119 start to grow in part because the 722 00:33:04,619 --> 00:33:09,418 government has less money 723 00:33:06,119 --> 00:33:11,699 now with that background 724 00:33:09,419 --> 00:33:15,179 rich people step onto the scene and say 725 00:33:11,700 --> 00:33:18,720 oh my gosh this is a shame 726 00:33:15,179 --> 00:33:21,480 the situation we see here is a shame 727 00:33:18,720 --> 00:33:24,960 we got all these social problems 728 00:33:21,480 --> 00:33:26,159 and government my gosh you know the 729 00:33:24,960 --> 00:33:30,659 government should be solving this stuff 730 00:33:26,159 --> 00:33:32,278 but it isn't that is embarrassing well 731 00:33:30,659 --> 00:33:33,419 I'm happy to solve these problems but of 732 00:33:32,278 --> 00:33:35,579 course when we do solve it we're gonna 733 00:33:33,419 --> 00:33:37,320 do it my way we're gonna privatize the 734 00:33:35,579 --> 00:33:40,319 solution 735 00:33:37,319 --> 00:33:40,319 foreign 736 00:33:43,558 --> 00:33:49,259 often also called starve the Beast 737 00:33:46,798 --> 00:33:50,700 you create a crisis of confidence how 738 00:33:49,259 --> 00:33:52,200 much money do we need to be investing 739 00:33:50,700 --> 00:33:55,980 right now in the United States in water 740 00:33:52,200 --> 00:33:58,380 infrastructure by 2020 44 of all water 741 00:33:55,980 --> 00:34:00,778 infrastructure in the United States will 742 00:33:58,380 --> 00:34:01,860 be classified as poor very poor or 743 00:34:00,778 --> 00:34:04,200 Beyond life 744 00:34:01,859 --> 00:34:07,558 you deny resources for Quality public 745 00:34:04,200 --> 00:34:10,500 services in the 1970s there were a lot 746 00:34:07,558 --> 00:34:13,559 of pools of free Federal money that has 747 00:34:10,500 --> 00:34:16,079 really no pun dried up and lo and behold 748 00:34:13,559 --> 00:34:19,019 the answer is privatization 749 00:34:16,079 --> 00:34:21,179 what we believe is that Private Industry 750 00:34:19,019 --> 00:34:22,559 is part of the answer which is very 751 00:34:21,179 --> 00:34:24,000 consistent with what the president's 752 00:34:22,559 --> 00:34:25,799 plan is 753 00:34:24,000 --> 00:34:28,800 American Waterworks is one of the 754 00:34:25,800 --> 00:34:30,659 world's largest water corporations 755 00:34:28,800 --> 00:34:33,240 it takes over public water assistance 756 00:34:30,659 --> 00:34:34,980 and runs them for profit 757 00:34:33,239 --> 00:34:36,838 and around the world 758 00:34:34,980 --> 00:34:38,639 there are many other companies doing the 759 00:34:36,838 --> 00:34:40,759 same thing 760 00:34:38,639 --> 00:34:43,159 it's absolutely terrifying notion 761 00:34:40,760 --> 00:34:46,099 privatization of water 762 00:34:43,159 --> 00:34:49,440 moving in exactly the wrong direction 763 00:34:46,099 --> 00:34:52,379 access to a portable 764 00:34:49,440 --> 00:34:56,280 clean drinking water is a fundamental 765 00:34:52,378 --> 00:34:58,440 human right what's this Insidious 766 00:34:56,280 --> 00:35:01,680 that the corporate mind could even 767 00:34:58,440 --> 00:35:04,820 conceive or imagine the notion of 768 00:35:01,679 --> 00:35:04,819 privatizing it 769 00:35:07,320 --> 00:35:09,720 corporations have figured out that 770 00:35:08,699 --> 00:35:12,719 they're a really big business 771 00:35:09,719 --> 00:35:14,699 opportunities in these public sectors in 772 00:35:12,719 --> 00:35:18,739 part because they've been walled off 773 00:35:14,699 --> 00:35:18,739 from corporate influence in the past 774 00:35:21,000 --> 00:35:28,460 the private sector is voracious in 775 00:35:24,659 --> 00:35:28,460 seeking to privatize almost everything 776 00:35:29,760 --> 00:35:34,260 first privatized government services as 777 00:35:32,338 --> 00:35:37,199 much as possible 778 00:35:34,260 --> 00:35:39,240 and also the seizure and the 779 00:35:37,199 --> 00:35:42,960 commodification of the public comments 780 00:35:39,239 --> 00:35:46,319 your your Parks your public schools your 781 00:35:42,960 --> 00:35:48,240 streets how can we get more money out of 782 00:35:46,320 --> 00:35:51,300 the public comments 783 00:35:48,239 --> 00:35:53,159 the for-profit motivation is always a 784 00:35:51,300 --> 00:35:55,560 very bad reason for providing Public 785 00:35:53,159 --> 00:35:57,179 Services there's a conflict of interest 786 00:35:55,559 --> 00:35:59,219 between whether you're going to pay off 787 00:35:57,179 --> 00:36:01,500 the shareholders or whether you're going 788 00:35:59,219 --> 00:36:04,199 to invest in the public system 789 00:36:01,500 --> 00:36:06,719 many responsibilities and obligations 790 00:36:04,199 --> 00:36:09,960 must be public in order to maintain 791 00:36:06,719 --> 00:36:13,500 equal access to the basic necessities of 792 00:36:09,960 --> 00:36:16,019 life a healthy Democratic Society has a 793 00:36:13,500 --> 00:36:17,760 thriving private sector and also a 794 00:36:16,019 --> 00:36:20,940 thriving public sector 795 00:36:17,760 --> 00:36:24,119 and as we permit the private sector to 796 00:36:20,940 --> 00:36:26,519 encroach upon and to literally absorb 797 00:36:24,119 --> 00:36:28,140 the responsibilities and obligations of 798 00:36:26,519 --> 00:36:31,639 a Democratic Society 799 00:36:28,139 --> 00:36:31,639 we lose our democracy 800 00:36:32,039 --> 00:36:37,320 and the rise of big Tech corporations is 801 00:36:35,039 --> 00:36:40,880 now accelerating this process 802 00:36:37,320 --> 00:36:40,880 for example in schools 803 00:36:41,099 --> 00:36:45,740 not only in Africa but elsewhere too 804 00:36:46,320 --> 00:36:51,000 corporations have decided that they 805 00:36:48,239 --> 00:36:52,799 should do remake of Education by using 806 00:36:51,000 --> 00:36:55,079 technology 807 00:36:52,800 --> 00:36:56,940 they want to have teacher-less 808 00:36:55,079 --> 00:36:58,920 classrooms 809 00:36:56,940 --> 00:37:01,619 But the teacher is the single most 810 00:36:58,920 --> 00:37:04,039 important and expensive part of 811 00:37:01,619 --> 00:37:07,019 Education in the tech industry's dream 812 00:37:04,039 --> 00:37:09,300 if the teacher is removed from the 813 00:37:07,019 --> 00:37:11,838 equation then you can cut costs 814 00:37:09,300 --> 00:37:11,839 dramatically 815 00:37:13,500 --> 00:37:19,320 these companies monopolize everything 816 00:37:16,500 --> 00:37:23,400 first of all monopolize their sector and 817 00:37:19,320 --> 00:37:26,099 the next thing is to look where's left 818 00:37:23,400 --> 00:37:27,900 these giant corporations are frantically 819 00:37:26,099 --> 00:37:29,940 searching for new sources of profit 820 00:37:27,900 --> 00:37:32,099 because it's drying up 821 00:37:29,940 --> 00:37:34,139 they say we need to take the education 822 00:37:32,099 --> 00:37:37,140 system take the Health Care system take 823 00:37:34,139 --> 00:37:39,319 the transport system and own it or we 824 00:37:37,139 --> 00:37:39,319 die 825 00:37:40,800 --> 00:37:47,339 Silicon Valley is the new Rome of our 826 00:37:44,338 --> 00:37:51,059 time the valley has become 827 00:37:47,338 --> 00:37:55,259 this extraordinary Power Center that has 828 00:37:51,059 --> 00:37:58,679 a huge say over what kind of media 829 00:37:55,260 --> 00:38:01,320 information we have in a democracy 830 00:37:58,679 --> 00:38:02,699 over you know frankly how many of our 831 00:38:01,320 --> 00:38:05,480 biggest problems are solved over how 832 00:38:02,699 --> 00:38:08,699 election campaigns are run etc etc etc 833 00:38:05,480 --> 00:38:10,559 technology is neutral and in many ways 834 00:38:08,699 --> 00:38:13,078 it's great but there's a difference 835 00:38:10,559 --> 00:38:15,299 between the technology and allowing a 836 00:38:13,079 --> 00:38:17,700 few powerful players to manipulate it 837 00:38:15,300 --> 00:38:20,099 for their own ends so we've gone from 838 00:38:17,699 --> 00:38:22,078 this wide open world that opened up all 839 00:38:20,099 --> 00:38:23,940 of these possibilities for people to 840 00:38:22,079 --> 00:38:26,640 create things to share information to 841 00:38:23,940 --> 00:38:28,619 share ideas and it has collapsed into 842 00:38:26,639 --> 00:38:31,759 these walled Gardens that are controlled 843 00:38:28,619 --> 00:38:35,460 by a few very powerful players 844 00:38:31,760 --> 00:38:36,960 we're seeing Amazon for example gobbling 845 00:38:35,460 --> 00:38:38,400 up every kind of business in sight 846 00:38:36,960 --> 00:38:39,900 they're interested in getting to 847 00:38:38,400 --> 00:38:41,160 Pharmaceuticals and they're making a big 848 00:38:39,900 --> 00:38:43,440 Movement of food 849 00:38:41,159 --> 00:38:45,960 they capture about half of everything 850 00:38:43,440 --> 00:38:46,858 that Americans spend online and they're 851 00:38:45,960 --> 00:38:49,320 growing into all these different 852 00:38:46,858 --> 00:38:51,059 directions they control 35 percent of 853 00:38:49,320 --> 00:38:52,740 the world's cloud computing capacity 854 00:38:51,059 --> 00:38:54,838 they're building out shipping and 855 00:38:52,739 --> 00:38:57,598 Logistics infrastructure that is scaled 856 00:38:54,838 --> 00:39:00,059 to take on the postal service and ups 857 00:38:57,599 --> 00:39:02,099 and increasingly they are the 858 00:39:00,059 --> 00:39:05,039 intermediary for all of our smart 859 00:39:02,099 --> 00:39:07,200 devices Alexa their voice system is 70 860 00:39:05,039 --> 00:39:08,519 of the market 861 00:39:07,199 --> 00:39:10,919 and on it goes they're making 862 00:39:08,519 --> 00:39:14,099 investments in finance and Health Care 863 00:39:10,920 --> 00:39:17,338 hit movies and television shows 864 00:39:14,099 --> 00:39:20,220 Amazon is increasingly setting the rules 865 00:39:17,338 --> 00:39:22,739 for what happens in its Marketplace and 866 00:39:20,219 --> 00:39:24,598 pretending like that's a real Market but 867 00:39:22,739 --> 00:39:26,519 of course it's not you know that's a 868 00:39:24,599 --> 00:39:30,200 direct threat to democracy a very 869 00:39:26,519 --> 00:39:30,199 fundamental threat to democracy 870 00:39:31,380 --> 00:39:35,338 go elected by no one 871 00:39:33,599 --> 00:39:37,740 corporations are now starting to be 872 00:39:35,338 --> 00:39:39,900 treated like governments we're join our 873 00:39:37,739 --> 00:39:42,358 live by the world's first ever Tech 874 00:39:39,900 --> 00:39:44,338 Ambassador can I start simply by asking 875 00:39:42,358 --> 00:39:46,619 you what exactly does a tech Ambassador 876 00:39:44,338 --> 00:39:48,719 do well we're basically trying to treat 877 00:39:46,619 --> 00:39:50,700 the technology and the tech companies in 878 00:39:48,719 --> 00:39:52,439 a way which is similar to the way we 879 00:39:50,699 --> 00:39:54,358 treat a bilateral relationship with 880 00:39:52,440 --> 00:39:55,980 countries all over the world the value 881 00:39:54,358 --> 00:39:58,380 of their stocks is always the same as 882 00:39:55,980 --> 00:40:00,838 the GDP of France and we think that that 883 00:39:58,380 --> 00:40:02,400 is being translated into influence over 884 00:40:00,838 --> 00:40:04,320 political affairs 885 00:40:02,400 --> 00:40:06,300 we think it is necessary to treat them 886 00:40:04,320 --> 00:40:08,160 in a way which is similar to the way we 887 00:40:06,300 --> 00:40:10,680 treat other countries 888 00:40:08,159 --> 00:40:12,598 a lot of folks in the valley believe 889 00:40:10,679 --> 00:40:16,559 that the companies they are building are 890 00:40:12,599 --> 00:40:20,640 kind of Replacements of government I 891 00:40:16,559 --> 00:40:23,338 think if we don't push back against the 892 00:40:20,639 --> 00:40:25,500 kind of agenda that these companies have 893 00:40:23,338 --> 00:40:27,420 we're going to live in a world in which 894 00:40:25,500 --> 00:40:29,820 they are governing us 895 00:40:27,420 --> 00:40:32,210 privately through the profit motive but 896 00:40:29,820 --> 00:40:35,429 governing us 897 00:40:32,210 --> 00:40:35,429 [Music] 898 00:40:36,780 --> 00:40:42,119 the deal that the corporations want from 899 00:40:39,300 --> 00:40:43,380 us is to hand everything to them all the 900 00:40:42,119 --> 00:40:45,660 value to them 901 00:40:43,380 --> 00:40:47,579 and we get a little bit of utility we 902 00:40:45,659 --> 00:40:50,519 get usefulness it becomes easier to 903 00:40:47,579 --> 00:40:52,980 study or easier to get to work or easier 904 00:40:50,519 --> 00:40:55,800 to take a health test 905 00:40:52,980 --> 00:40:58,079 that is a dangerous deal because nobody 906 00:40:55,800 --> 00:41:00,839 can guarantee what is going to be done 907 00:40:58,079 --> 00:41:03,780 with the information we're handing our 908 00:41:00,838 --> 00:41:05,759 data with no checks no balances no 909 00:41:03,780 --> 00:41:08,640 control over it I think that's going to 910 00:41:05,760 --> 00:41:11,099 be one of the new challenges of life in 911 00:41:08,639 --> 00:41:14,639 the 21st century I'm going to call them 912 00:41:11,099 --> 00:41:17,460 the super social media corporations 913 00:41:14,639 --> 00:41:19,199 the entities that really run our lives 914 00:41:17,460 --> 00:41:22,260 right now 915 00:41:19,199 --> 00:41:23,819 the scope of their reach cannot be 916 00:41:22,260 --> 00:41:26,760 underestimated 917 00:41:23,820 --> 00:41:29,640 they know everything about us 918 00:41:26,760 --> 00:41:32,760 every single aspect of what we do who we 919 00:41:29,639 --> 00:41:36,239 do it with where we do it what we buy 920 00:41:32,760 --> 00:41:40,200 is a gold mine for aggregators 921 00:41:36,239 --> 00:41:41,659 it lets them mold their policies and 922 00:41:40,199 --> 00:41:45,239 their products 923 00:41:41,659 --> 00:41:47,519 predicting how you are going to live the 924 00:41:45,239 --> 00:41:49,799 rest of your life they're trying to 925 00:41:47,519 --> 00:41:52,800 influence the decisions that you make 926 00:41:49,800 --> 00:41:56,099 from now to when you die 927 00:41:52,800 --> 00:41:59,660 so that it will best serve ultimately 928 00:41:56,099 --> 00:41:59,660 the corporate bottom line 929 00:42:01,920 --> 00:42:15,780 [Music] 930 00:42:11,880 --> 00:42:17,160 technology provides us such a seductive 931 00:42:15,780 --> 00:42:18,359 fantasy 932 00:42:17,159 --> 00:42:21,059 okay 933 00:42:18,358 --> 00:42:23,639 our smartphones are data-driven systems 934 00:42:21,059 --> 00:42:26,338 our social media platforms they are all 935 00:42:23,639 --> 00:42:28,618 designed to conceal the true cost of 936 00:42:26,338 --> 00:42:30,679 these Technologies to our society as a 937 00:42:28,619 --> 00:42:30,680 whole 938 00:42:30,800 --> 00:42:37,200 privacy is usually the value that we use 939 00:42:34,800 --> 00:42:39,000 to think through these issues but for me 940 00:42:37,199 --> 00:42:41,819 it's not about privacy it's about 941 00:42:39,000 --> 00:42:44,400 control the drive to make data 942 00:42:41,820 --> 00:42:46,320 profitable leads these companies to say 943 00:42:44,400 --> 00:42:47,460 who we are and Define who we are to 944 00:42:46,320 --> 00:42:49,920 other people 945 00:42:47,460 --> 00:42:51,659 let me use a real life example of a 946 00:42:49,920 --> 00:42:54,000 hiring algorithm you'll do an interview 947 00:42:51,659 --> 00:42:56,460 they'll analyze your video footage and 948 00:42:54,000 --> 00:42:59,159 they'll say you challenge the status quo 949 00:42:56,460 --> 00:43:01,679 you are a change agent 950 00:42:59,159 --> 00:43:04,318 don't hire this person because they are 951 00:43:01,679 --> 00:43:06,598 more likely to cause trouble at work 952 00:43:04,318 --> 00:43:08,219 as far as the algorithm is concerned you 953 00:43:06,599 --> 00:43:11,579 are not a human being you're just a 954 00:43:08,219 --> 00:43:13,639 collection of data points and this is 955 00:43:11,579 --> 00:43:17,640 one of the dangers that we face today 956 00:43:13,639 --> 00:43:20,460 because we are now saying we need to 957 00:43:17,639 --> 00:43:23,098 stop using human reason and we need to 958 00:43:20,460 --> 00:43:26,139 rely more on these kinds of algorithmic 959 00:43:23,099 --> 00:43:29,409 decision-making systems 960 00:43:26,139 --> 00:43:29,408 [Music] 961 00:43:30,000 --> 00:43:36,780 we are increasingly surrendering our 962 00:43:32,818 --> 00:43:39,838 capacity to rely on human experience and 963 00:43:36,780 --> 00:43:43,500 to trust in each other 964 00:43:39,838 --> 00:43:47,578 so the question that these Technologies 965 00:43:43,500 --> 00:43:49,199 are really raising for us is what does 966 00:43:47,579 --> 00:43:51,839 it mean to be human 967 00:43:49,199 --> 00:43:54,239 and this kind of Technology of strangers 968 00:43:51,838 --> 00:43:57,599 is one of the ways in which we are 969 00:43:54,239 --> 00:44:00,199 moving away from the genuine Heritage of 970 00:43:57,599 --> 00:44:00,200 the Enlightenment 971 00:44:04,389 --> 00:44:11,879 [Music] 972 00:44:07,440 --> 00:44:15,420 we're taught that it is all about me 973 00:44:11,880 --> 00:44:18,000 narcissism The Cult of the self the idea 974 00:44:15,420 --> 00:44:20,460 that consumption can somehow help us 975 00:44:18,000 --> 00:44:23,338 overcome our alienation 976 00:44:20,460 --> 00:44:24,720 make us important 977 00:44:23,338 --> 00:44:26,460 I thought you know what better way to 978 00:44:24,719 --> 00:44:29,699 cure the darkness than to go shopping 979 00:44:26,460 --> 00:44:32,519 you know help stimulate the economy 980 00:44:29,699 --> 00:44:34,799 these were all 981 00:44:32,519 --> 00:44:37,380 I hesitate the word values but these 982 00:44:34,800 --> 00:44:40,099 were all consciously instilled 983 00:44:37,380 --> 00:44:40,099 in the public 984 00:44:40,800 --> 00:44:48,920 it up ends Traditional Values of thrift 985 00:44:46,980 --> 00:44:52,980 self-effacement 986 00:44:48,920 --> 00:44:54,659 communitarianism and replaces them with 987 00:44:52,980 --> 00:44:56,099 the values that we now Define as 988 00:44:54,659 --> 00:44:58,980 American values but which should 989 00:44:56,099 --> 00:45:01,160 properly be called corporate values 990 00:44:58,980 --> 00:45:01,159 foreign 991 00:45:02,710 --> 00:45:08,480 [Music] 992 00:45:09,719 --> 00:45:15,480 recent years we've drifted almost 993 00:45:12,780 --> 00:45:18,660 without realizing it from having a 994 00:45:15,480 --> 00:45:21,059 market economy to becoming a market 995 00:45:18,659 --> 00:45:23,219 Society 996 00:45:21,059 --> 00:45:26,159 the difference is this a market economy 997 00:45:23,219 --> 00:45:29,279 is a tool a valuable and effective tool 998 00:45:26,159 --> 00:45:31,858 for organizing productive activity but a 999 00:45:29,280 --> 00:45:35,540 market Society is a place where almost 1000 00:45:31,858 --> 00:45:35,539 everything is up for sale 1001 00:45:35,940 --> 00:45:39,838 we aren't so steeped in this 1002 00:45:38,159 --> 00:45:42,239 commodification 1003 00:45:39,838 --> 00:45:43,920 that it's hard to distinguish between 1004 00:45:42,239 --> 00:45:45,838 being a consumer 1005 00:45:43,920 --> 00:45:47,700 and being a citizen 1006 00:45:45,838 --> 00:45:49,739 I'm not much of a believer in political 1007 00:45:47,699 --> 00:45:51,419 citizenship I I actually believe much 1008 00:45:49,739 --> 00:45:53,939 more in the power of the marketplace 1009 00:45:51,420 --> 00:45:55,920 this is Richard Edelman one of the 1010 00:45:53,940 --> 00:45:58,559 world's most influential business gurus 1011 00:45:55,920 --> 00:46:01,318 I think companies actually have filled a 1012 00:45:58,559 --> 00:46:04,440 void left by government business is at 1013 00:46:01,318 --> 00:46:07,440 the top rank government and media really 1014 00:46:04,440 --> 00:46:11,519 are at the back end of the trust rank 1015 00:46:07,440 --> 00:46:15,599 these are big changes in reliability of 1016 00:46:11,519 --> 00:46:18,420 business as potential good actor 1017 00:46:15,599 --> 00:46:22,200 it's a brilliant strategy they're going 1018 00:46:18,420 --> 00:46:24,180 to present themselves as good actors and 1019 00:46:22,199 --> 00:46:27,239 use that as part of their image and as 1020 00:46:24,179 --> 00:46:29,759 part of their branding 1021 00:46:27,239 --> 00:46:33,299 when we see a big Corporation doing 1022 00:46:29,760 --> 00:46:35,280 something it creates a sense of hope 1023 00:46:33,300 --> 00:46:37,079 that maybe we can solve the climate 1024 00:46:35,280 --> 00:46:42,060 crisis 1025 00:46:37,079 --> 00:46:44,160 or inequality or other kinds of problems 1026 00:46:42,059 --> 00:46:46,980 we maybe even think of their huge power 1027 00:46:44,159 --> 00:46:49,500 as being a plus because we know that the 1028 00:46:46,980 --> 00:46:51,900 scale of these challenges are so big and 1029 00:46:49,500 --> 00:46:53,639 we feel so powerless and frustrated 1030 00:46:51,900 --> 00:46:55,980 about the ability of our government 1031 00:46:53,639 --> 00:46:57,598 systems to actually solve them that we 1032 00:46:55,980 --> 00:47:00,059 start to sort of put our faith in 1033 00:46:57,599 --> 00:47:02,039 corporations but of course in the 1034 00:47:00,059 --> 00:47:06,078 process of doing that we're going 1035 00:47:02,039 --> 00:47:06,079 further down the path that led us here 1036 00:47:09,179 --> 00:47:15,179 I grew up in the 1950s and at that time 1037 00:47:12,659 --> 00:47:17,759 there was a sense that our society would 1038 00:47:15,179 --> 00:47:20,338 continually progress towards greater 1039 00:47:17,760 --> 00:47:21,420 equality a greater opportunity that 1040 00:47:20,338 --> 00:47:24,539 there would continue to be social 1041 00:47:21,420 --> 00:47:27,960 Mobility for those at the bottom 1042 00:47:24,539 --> 00:47:30,659 the average pay for a CEO in the 1950s 1043 00:47:27,960 --> 00:47:34,740 was 20 times that of the average worker 1044 00:47:30,659 --> 00:47:37,318 today the average pay of a CEO is 270 1045 00:47:34,739 --> 00:47:40,199 times that of the average worker 1046 00:47:37,318 --> 00:47:42,719 in some cases that Gap is much greater 1047 00:47:40,199 --> 00:47:44,818 for example Jamie Diamond makes more 1048 00:47:42,719 --> 00:47:47,098 than one thousand times the salary of 1049 00:47:44,818 --> 00:47:49,199 one of his lowest paid employees 1050 00:47:47,099 --> 00:47:51,359 Mr Diamond you're an expert on financial 1051 00:47:49,199 --> 00:47:52,739 statements and you run a 2.6 trillion 1052 00:47:51,358 --> 00:47:55,078 dollar Bank 1053 00:47:52,739 --> 00:47:57,659 I went to monster.com and I found a job 1054 00:47:55,079 --> 00:48:00,480 in my hometown of Irvine at JPMorgan 1055 00:47:57,659 --> 00:48:02,940 Chase that pays 16.50 an hour this is 1056 00:48:00,480 --> 00:48:06,119 U.S congresswoman Katie Porter providing 1057 00:48:02,940 --> 00:48:08,039 an example of a hypothetical employee a 1058 00:48:06,119 --> 00:48:10,380 single mother working as a teller at one 1059 00:48:08,039 --> 00:48:11,699 of Jamie diamonds Banks she rents a 1060 00:48:10,380 --> 00:48:13,200 one-bedroom apartment she and her 1061 00:48:11,699 --> 00:48:15,659 daughter sleep together in the same room 1062 00:48:13,199 --> 00:48:17,879 in Irvine California 1063 00:48:15,659 --> 00:48:19,559 going to be sixteen hundred dollars she 1064 00:48:17,880 --> 00:48:22,500 spends one hundred dollars congresswoman 1065 00:48:19,559 --> 00:48:24,480 Porter itemized typical monthly expenses 1066 00:48:22,500 --> 00:48:26,940 and showed they greatly exceed the 1067 00:48:24,480 --> 00:48:29,338 employee's salary my question for you Mr 1068 00:48:26,940 --> 00:48:31,260 Diamond is how should she manage this 1069 00:48:29,338 --> 00:48:34,519 budget shortfall while she's working 1070 00:48:31,260 --> 00:48:34,520 full-time at your bank 1071 00:48:36,659 --> 00:48:40,078 I uh 1072 00:48:38,338 --> 00:48:42,659 I don't know that all your numbers are 1073 00:48:40,079 --> 00:48:44,099 accurate that number is a start is it 1074 00:48:42,659 --> 00:48:45,539 generally a starter job she is a 1075 00:48:44,099 --> 00:48:47,460 starting employee she has a six-year-old 1076 00:48:45,539 --> 00:48:49,199 child this is her first job you can get 1077 00:48:47,460 --> 00:48:52,079 those jobs out of high school and she 1078 00:48:49,199 --> 00:48:54,719 may have my job one day 1079 00:48:52,079 --> 00:48:55,980 but the widening gap between CEOs and 1080 00:48:54,719 --> 00:48:58,980 their employees 1081 00:48:55,980 --> 00:49:01,318 is just one symptom of rising inequality 1082 00:48:58,980 --> 00:49:04,800 more generally right now in the United 1083 00:49:01,318 --> 00:49:07,858 States the richest country on the planet 1084 00:49:04,800 --> 00:49:10,260 half of American families couldn't pay a 1085 00:49:07,858 --> 00:49:12,900 400 bill that landed on their doorstep 1086 00:49:10,260 --> 00:49:14,099 without going into debt or selling 1087 00:49:12,900 --> 00:49:16,260 something 1088 00:49:14,099 --> 00:49:18,900 that's because corporate Executives and 1089 00:49:16,260 --> 00:49:21,240 corporate lobbyists are constantly able 1090 00:49:18,900 --> 00:49:22,680 to change the rules of the game in the 1091 00:49:21,239 --> 00:49:24,899 favor of the people who are already 1092 00:49:22,679 --> 00:49:28,559 wealthy and Powerful 1093 00:49:24,900 --> 00:49:31,380 making it harder to form a union making 1094 00:49:28,559 --> 00:49:34,739 it easier for Mega corporations to shut 1095 00:49:31,380 --> 00:49:37,680 out competition from smaller businesses 1096 00:49:34,739 --> 00:49:39,659 slashing the taxes on wealthy people and 1097 00:49:37,679 --> 00:49:43,098 corporations and shifting more of the 1098 00:49:39,659 --> 00:49:47,519 responsibility on working-class people 1099 00:49:43,099 --> 00:49:50,818 the result is economic inequality 1100 00:49:47,519 --> 00:49:53,579 it's a real moral outrage and it can't 1101 00:49:50,818 --> 00:49:56,099 be dealt with separate from race and 1102 00:49:53,579 --> 00:49:58,318 gender we can't really deal with these 1103 00:49:56,099 --> 00:50:00,838 inequalities separately because they're 1104 00:49:58,318 --> 00:50:02,579 also interwoven the black and brown 1105 00:50:00,838 --> 00:50:04,559 people who are impacted by police 1106 00:50:02,579 --> 00:50:07,440 brutality women who are impacted by 1107 00:50:04,559 --> 00:50:09,779 sexual harassment in the workplace the 1108 00:50:07,440 --> 00:50:12,000 enormous numbers of workers who are 1109 00:50:09,780 --> 00:50:13,980 struggling with poverty and homelessness 1110 00:50:12,000 --> 00:50:17,099 and all the degeneration that we see 1111 00:50:13,980 --> 00:50:19,280 under capitalism for no fault of their 1112 00:50:17,099 --> 00:50:22,079 we're talking about a global economy 1113 00:50:19,280 --> 00:50:24,720 that for all the wealth that were 1114 00:50:22,079 --> 00:50:27,720 generated last year a trillion dollars 1115 00:50:24,719 --> 00:50:30,239 of that new wealth went to just 500 1116 00:50:27,719 --> 00:50:31,439 individuals I know you have a lot I'd 1117 00:50:30,239 --> 00:50:33,539 love to call up and have a conversation 1118 00:50:31,440 --> 00:50:35,460 about our financial affairs and see if 1119 00:50:33,539 --> 00:50:37,259 we can be helpful see if you can find a 1120 00:50:35,460 --> 00:50:39,358 way for her to live on less than the 1121 00:50:37,260 --> 00:50:43,560 minimum that I've described 1122 00:50:39,358 --> 00:50:45,960 helpful the one percent and 0.01 is a 1123 00:50:43,559 --> 00:50:48,179 group of folks who talk an extraordinary 1124 00:50:45,960 --> 00:50:51,000 game and also act an extraordinary game 1125 00:50:48,179 --> 00:50:52,558 of trying to help out in an age of 1126 00:50:51,000 --> 00:50:54,358 inequality and who are willing to do 1127 00:50:52,559 --> 00:50:59,460 absolutely anything 1128 00:50:54,358 --> 00:51:01,739 to help accept stepping off the backs of 1129 00:50:59,460 --> 00:51:04,920 the working people of this country who 1130 00:51:01,739 --> 00:51:08,279 have been screwed and and passed over by 1131 00:51:04,920 --> 00:51:10,380 four decades worth of change there's a 1132 00:51:08,280 --> 00:51:13,519 great quote that was attributed to 1133 00:51:10,380 --> 00:51:15,720 Justice Brandeis that said you can have 1134 00:51:13,519 --> 00:51:17,579 democracy or you can have large 1135 00:51:15,719 --> 00:51:18,659 accumulations of wealth but you can't 1136 00:51:17,579 --> 00:51:21,539 have both 1137 00:51:18,659 --> 00:51:24,058 that wealth gives them a tremendous 1138 00:51:21,539 --> 00:51:26,039 amount of power both in promoting our 1139 00:51:24,059 --> 00:51:29,099 political leaders in promoting a 1140 00:51:26,039 --> 00:51:31,699 legislative agenda in every aspect of 1141 00:51:29,099 --> 00:51:31,700 our society 1142 00:51:31,858 --> 00:51:34,858 foreign 1143 00:51:35,039 --> 00:51:39,719 if I want to run a campaign that is 1144 00:51:37,440 --> 00:51:41,940 entirely funded by corporate political 1145 00:51:39,719 --> 00:51:43,379 action committees is that is there 1146 00:51:41,940 --> 00:51:45,000 anything that legally prevents me from 1147 00:51:43,380 --> 00:51:47,818 doing that 1148 00:51:45,000 --> 00:51:50,579 no so now I'm elected and I'm in I've 1149 00:51:47,818 --> 00:51:52,980 got the power to draft Lobby and shape 1150 00:51:50,579 --> 00:51:56,039 the laws that govern the United States 1151 00:51:52,980 --> 00:51:58,740 of America are there any limits on the 1152 00:51:56,039 --> 00:52:00,719 laws that I can write or influence 1153 00:51:58,739 --> 00:52:02,699 there's no limit so there's none so I 1154 00:52:00,719 --> 00:52:04,799 can be totally funded by big Pharma come 1155 00:52:02,699 --> 00:52:06,659 in write big Pharma laws and there's no 1156 00:52:04,800 --> 00:52:09,180 limits to that whatsoever that's right 1157 00:52:06,659 --> 00:52:11,818 is there anything preventing me from 1158 00:52:09,179 --> 00:52:15,058 holding stocks say in an oil or gas 1159 00:52:11,818 --> 00:52:18,119 company and then writing laws to 1160 00:52:15,059 --> 00:52:20,220 deregulate that that industry and 1161 00:52:18,119 --> 00:52:22,500 potentially cause the stock value to 1162 00:52:20,219 --> 00:52:25,980 soar and accrue a lot of money in that 1163 00:52:22,500 --> 00:52:28,380 time you could do that yes okay great 1164 00:52:25,980 --> 00:52:30,599 I think we've seen The Disappearance of 1165 00:52:28,380 --> 00:52:32,099 independent governments with the rise of 1166 00:52:30,599 --> 00:52:35,160 corporate rule 1167 00:52:32,099 --> 00:52:37,440 we have seen more and more takeover 1168 00:52:35,159 --> 00:52:40,379 of government takeover of electoral 1169 00:52:37,440 --> 00:52:42,980 processes the problem is a corporate 1170 00:52:40,380 --> 00:52:46,440 system and a political system where 1171 00:52:42,980 --> 00:52:48,059 governments see their main role as 1172 00:52:46,440 --> 00:52:51,358 facilitating 1173 00:52:48,059 --> 00:52:53,040 private corporations to basically do 1174 00:52:51,358 --> 00:52:55,500 whatever the hell 1175 00:52:53,039 --> 00:52:58,318 nothing more starkly 1176 00:52:55,500 --> 00:53:00,420 illustrates this than our federal 1177 00:52:58,318 --> 00:53:02,880 Treasurer picking up a lump of coal and 1178 00:53:00,420 --> 00:53:05,519 carrying it around Parliament House Mr 1179 00:53:02,880 --> 00:53:08,400 Speaker this is Cole Don't Be Afraid 1180 00:53:05,519 --> 00:53:11,880 don't be scared the treasurer knows the 1181 00:53:08,400 --> 00:53:14,280 rule on props it's cold Mr Speaker those 1182 00:53:11,880 --> 00:53:17,818 opposite have an ideological 1183 00:53:14,280 --> 00:53:20,640 pathological fear of coal affordable 1184 00:53:17,818 --> 00:53:23,460 energy is what Australian businesses 1185 00:53:20,639 --> 00:53:25,440 need to remain competitive 1186 00:53:23,460 --> 00:53:27,780 Scott Morrison 1187 00:53:25,440 --> 00:53:29,460 and prime minister 1188 00:53:27,780 --> 00:53:32,040 he heads a group of high-level 1189 00:53:29,460 --> 00:53:33,240 politicians with deep ties to Major coal 1190 00:53:32,039 --> 00:53:36,358 companies 1191 00:53:33,239 --> 00:53:38,759 take note of this one adani we'll return 1192 00:53:36,358 --> 00:53:40,980 to it later 1193 00:53:38,760 --> 00:53:43,680 what's happening in Australia is just 1194 00:53:40,980 --> 00:53:45,838 one part of a larger Global story 1195 00:53:43,679 --> 00:53:48,480 it's become accepted that corporations 1196 00:53:45,838 --> 00:53:51,179 are in charge 1197 00:53:48,480 --> 00:53:53,880 governments are incredibly subservient 1198 00:53:51,179 --> 00:53:55,318 to corporate rule 1199 00:53:53,880 --> 00:53:58,019 thank you 1200 00:53:55,318 --> 00:54:00,539 in the United States we've seen under 1201 00:53:58,019 --> 00:54:03,179 the Trump Administration the wholesale 1202 00:54:00,539 --> 00:54:05,579 corporate takeover of government on a 1203 00:54:03,179 --> 00:54:07,980 scale with no historic precedent 1204 00:54:05,579 --> 00:54:10,079 is beyond the wildest dreams of the 1205 00:54:07,980 --> 00:54:12,980 corporate sector especially in the area 1206 00:54:10,079 --> 00:54:12,980 of deregulation 1207 00:54:15,059 --> 00:54:22,680 I pledged to eliminate two unnecessary 1208 00:54:19,079 --> 00:54:26,099 regulations for every one new regulation 1209 00:54:22,679 --> 00:54:28,139 we have succeeded beyond our highest 1210 00:54:26,099 --> 00:54:33,300 expectations 1211 00:54:28,139 --> 00:54:38,338 instead of two for one we have cut 22 1212 00:54:33,300 --> 00:54:39,720 burdensome regulations for every one new 1213 00:54:38,338 --> 00:54:43,199 rule 1214 00:54:39,719 --> 00:54:46,139 I'm willing to bet that those are made 1215 00:54:43,199 --> 00:54:48,899 up numbers but the issue in regulation 1216 00:54:46,139 --> 00:54:51,480 or deregulation is not the number I mean 1217 00:54:48,900 --> 00:54:53,099 that's really absurd we want to know you 1218 00:54:51,480 --> 00:54:56,159 know if you want to have another 1219 00:54:53,099 --> 00:54:59,838 financial crisis well if you do let's 1220 00:54:56,159 --> 00:54:59,838 get rid of the financial regulations 1221 00:55:00,420 --> 00:55:06,960 corporations have said repeatedly 1222 00:55:03,059 --> 00:55:08,579 we are responsible now we understand the 1223 00:55:06,960 --> 00:55:10,559 public interest so we don't have to be 1224 00:55:08,579 --> 00:55:12,000 regulated we can self-regulate well 1225 00:55:10,559 --> 00:55:13,440 they've got an obvious self-interest in 1226 00:55:12,000 --> 00:55:15,119 saying that the reason they can't 1227 00:55:13,440 --> 00:55:17,880 self-regulate is that that's not what 1228 00:55:15,119 --> 00:55:20,280 they're about they're about trying to 1229 00:55:17,880 --> 00:55:22,920 make profit routinely When government 1230 00:55:20,280 --> 00:55:24,960 regulation fails companies in the 1231 00:55:22,920 --> 00:55:26,639 pursuit of profit endanger people and 1232 00:55:24,960 --> 00:55:28,619 that's not a hypothetical it means 1233 00:55:26,639 --> 00:55:31,500 people get poisoned they get diseases 1234 00:55:28,619 --> 00:55:33,300 they get sick Corners will be cut and 1235 00:55:31,500 --> 00:55:37,940 people will be injured and people will 1236 00:55:33,300 --> 00:55:37,940 be killed we see it over and over again 1237 00:55:41,579 --> 00:55:49,069 [Music] 1238 00:55:45,900 --> 00:55:49,070 [Applause] 1239 00:55:51,920 --> 00:55:58,699 thank you 1240 00:55:54,599 --> 00:55:58,699 [Music] 1241 00:56:04,050 --> 00:56:07,119 [Applause] 1242 00:56:17,650 --> 00:56:21,909 [Applause] 1243 00:56:27,920 --> 00:56:31,860 [Music] 1244 00:56:40,500 --> 00:56:43,338 oh 1245 00:56:46,679 --> 00:56:51,838 every industry has fought regulation 1246 00:56:49,318 --> 00:56:54,119 they all resist oversight by the 1247 00:56:51,838 --> 00:56:55,799 government because regulation increases 1248 00:56:54,119 --> 00:56:57,539 their cost of operating but I've never 1249 00:56:55,800 --> 00:57:00,350 seen an industry that's fought it more 1250 00:56:57,539 --> 00:57:04,579 than the oil and gas industry 1251 00:57:00,349 --> 00:57:04,579 [Music] 1252 00:57:05,460 --> 00:57:09,539 remember this 1253 00:57:07,920 --> 00:57:12,260 this too was a consequence of 1254 00:57:09,539 --> 00:57:12,259 deregulation 1255 00:57:28,318 --> 00:57:33,719 as a result of the Deepwater Horizon 1256 00:57:30,539 --> 00:57:35,699 catastrophe nearly 200 million gallons 1257 00:57:33,719 --> 00:57:36,838 of crude oil spilled into the Gulf of 1258 00:57:35,699 --> 00:57:39,118 Mexico 1259 00:57:36,838 --> 00:57:43,400 making it one of the worst environmental 1260 00:57:39,119 --> 00:57:43,400 and deregulation disasters in history 1261 00:57:44,400 --> 00:57:51,980 but deregulation wasn't the only problem 1262 00:57:47,818 --> 00:57:51,980 he was also recklessly breaking the law 1263 00:57:52,679 --> 00:57:57,139 and they're not alone in being corporate 1264 00:57:54,420 --> 00:57:57,139 lawbreakers 1265 00:58:04,110 --> 00:58:09,369 [Music] 1266 00:58:16,199 --> 00:58:21,058 [Music] 1267 00:58:18,838 --> 00:58:24,299 corporations will certainly do things 1268 00:58:21,059 --> 00:58:26,460 that are wrong that are unethical if 1269 00:58:24,300 --> 00:58:28,440 they're legal and permissible 1270 00:58:26,460 --> 00:58:30,900 and all the empirical evidence says that 1271 00:58:28,440 --> 00:58:32,880 they will also violate the law routinely 1272 00:58:30,900 --> 00:58:34,858 either intentionally or because they'll 1273 00:58:32,880 --> 00:58:35,849 just go over the lines if there's 1274 00:58:34,858 --> 00:58:37,440 profits to be made 1275 00:58:35,849 --> 00:58:40,380 [Music] 1276 00:58:37,440 --> 00:58:43,318 this opioid crisis is a killer 1277 00:58:40,380 --> 00:58:44,430 and it's a killer that does not 1278 00:58:43,318 --> 00:58:50,878 discriminate 1279 00:58:44,429 --> 00:58:50,878 [Music] 1280 00:58:56,838 --> 00:59:01,318 lives are being destroyed as 1281 00:58:59,400 --> 00:59:03,740 corporations profit from their playbook 1282 00:59:01,318 --> 00:59:03,739 moves 1283 00:59:04,858 --> 00:59:07,940 as they play to win 1284 00:59:08,159 --> 00:59:13,920 these corporate forces have no limits 1285 00:59:11,099 --> 00:59:17,579 and these forces 1286 00:59:13,920 --> 00:59:20,298 have put the very human species itself 1287 00:59:17,579 --> 00:59:20,298 at risk 1288 00:59:40,219 --> 00:59:45,899 giant equals Idol corporations they're 1289 00:59:43,500 --> 00:59:47,119 literally playing casino with life on 1290 00:59:45,900 --> 00:59:50,160 Earth 1291 00:59:47,119 --> 00:59:51,480 their logic of profits their process of 1292 00:59:50,159 --> 00:59:55,279 profits 1293 00:59:51,480 --> 00:59:55,280 is the death of nature 1294 00:59:55,619 --> 01:00:00,059 whenever you mess with nature you don't 1295 00:59:57,838 --> 01:00:01,739 know for sure what the exact impact will 1296 01:00:00,059 --> 01:00:03,720 be with chopped down for us we bring 1297 01:00:01,739 --> 01:00:05,399 livestock into new regions and we spread 1298 01:00:03,719 --> 01:00:07,439 these new diseases we're at the source 1299 01:00:05,400 --> 01:00:08,940 of this problem the major cities all 1300 01:00:07,440 --> 01:00:11,039 around the world are vulnerable to a 1301 01:00:08,940 --> 01:00:12,960 disease arriving in the city and then 1302 01:00:11,039 --> 01:00:16,139 causing a major epidemic and again we're 1303 01:00:12,960 --> 01:00:18,659 seeing that more and more the rate at 1304 01:00:16,139 --> 01:00:20,338 which new disease epidemics are 1305 01:00:18,659 --> 01:00:23,460 originating 1306 01:00:20,338 --> 01:00:25,440 many of them moving from forests and 1307 01:00:23,460 --> 01:00:28,260 wild species to humans 1308 01:00:25,440 --> 01:00:32,220 is partly because of corporate invasions 1309 01:00:28,260 --> 01:00:35,339 into ecosystems and violence to animals 1310 01:00:32,219 --> 01:00:39,078 the attack on other species is bouncing 1311 01:00:35,338 --> 01:00:39,078 back as an attack on us 1312 01:00:44,039 --> 01:00:48,960 ownings from Sao Paulo are dire in the 1313 01:00:46,858 --> 01:00:51,900 United States disaster has been declared 1314 01:00:48,960 --> 01:00:54,240 in all 50 states 1315 01:00:51,900 --> 01:00:55,740 when the corona virus hit in the spring 1316 01:00:54,239 --> 01:00:58,019 of 2020. 1317 01:00:55,739 --> 01:01:02,179 it laid bare the unjust and dangerous 1318 01:00:58,019 --> 01:01:02,179 fault lines of corporate capitalism 1319 01:01:05,159 --> 01:01:10,259 African Americans have been hit hardest 1320 01:01:07,500 --> 01:01:13,380 by the virus despite accounting for 14 1321 01:01:10,260 --> 01:01:18,140 of Michigan's population they represent 1322 01:01:13,380 --> 01:01:19,380 41 of its covered victims 1323 01:01:18,139 --> 01:01:22,980 [Music] 1324 01:01:19,380 --> 01:01:25,019 on prayer that is not 1325 01:01:22,980 --> 01:01:27,199 I haven't been in contact with nobody to 1326 01:01:25,019 --> 01:01:27,199 ask 1327 01:01:30,318 --> 01:01:35,000 I'll be honest with you I can barely 1328 01:01:32,519 --> 01:01:35,000 keep track 1329 01:01:36,599 --> 01:01:38,720 okay 1330 01:01:38,818 --> 01:01:44,940 this is the culmination of Decades of 1331 01:01:42,000 --> 01:01:48,838 tilting policy tilting public resources 1332 01:01:44,940 --> 01:01:52,079 in favor of the biggest corporations 1333 01:01:48,838 --> 01:01:54,960 fewer hospitals fewer hospital beds less 1334 01:01:52,079 --> 01:01:58,039 capacity to be able to respond in an 1335 01:01:54,960 --> 01:01:58,039 emergency like this 1336 01:02:11,940 --> 01:02:15,780 other systems are also breaking down 1337 01:02:14,519 --> 01:02:18,179 right now 1338 01:02:15,780 --> 01:02:20,760 essential workers people who are on the 1339 01:02:18,179 --> 01:02:22,739 front lines of getting our groceries to 1340 01:02:20,760 --> 01:02:25,020 us or really putting their lives on the 1341 01:02:22,739 --> 01:02:28,259 line without any kind of real backing 1342 01:02:25,019 --> 01:02:30,298 from the companies that employ them 1343 01:02:28,260 --> 01:02:32,760 this is partly the product of the 1344 01:02:30,298 --> 01:02:35,059 absence of Labor protections unions and 1345 01:02:32,760 --> 01:02:35,059 so on 1346 01:02:35,579 --> 01:02:42,079 what we're seeing is is a continuation 1347 01:02:38,039 --> 01:02:44,639 of the ways that corporations have 1348 01:02:42,079 --> 01:02:47,160 undermined ordinary people's ability to 1349 01:02:44,639 --> 01:02:50,460 have any say over their lives 1350 01:02:47,159 --> 01:02:52,558 this is actually not a crisis of full of 1351 01:02:50,460 --> 01:02:54,059 Novelties it's a crisis full of 1352 01:02:52,559 --> 01:02:57,000 Revelation 1353 01:02:54,059 --> 01:03:00,059 for example the same exact dynamic of 1354 01:02:57,000 --> 01:03:03,000 the 2008 financial crisis bailout where 1355 01:03:00,059 --> 01:03:05,099 the most powerful gained power as a net 1356 01:03:03,000 --> 01:03:09,059 result of those bailouts that is 1357 01:03:05,099 --> 01:03:11,460 literally happening again maybe worse 1358 01:03:09,059 --> 01:03:13,760 as Ordinary People suffered the Despair 1359 01:03:11,460 --> 01:03:15,900 and harsh effects of economic breakdown 1360 01:03:13,760 --> 01:03:17,640 giant corporations were thrown a 1361 01:03:15,900 --> 01:03:20,880 lifeline 1362 01:03:17,639 --> 01:03:22,920 president I have an update at last 1363 01:03:20,880 --> 01:03:25,260 we have a deal 1364 01:03:22,920 --> 01:03:27,358 what did the Senate majority fight for 1365 01:03:25,260 --> 01:03:29,579 one of the largest corporate bailouts 1366 01:03:27,358 --> 01:03:34,380 with as few strings as possible in 1367 01:03:29,579 --> 01:03:37,559 American history shameful the grief of 1368 01:03:34,380 --> 01:03:40,318 that fight is wrong for crumbs for our 1369 01:03:37,559 --> 01:03:42,780 families and the option that we have is 1370 01:03:40,318 --> 01:03:45,960 to either let them suffer with nothing 1371 01:03:42,780 --> 01:03:47,339 or to allow this greed and billions of 1372 01:03:45,960 --> 01:03:49,440 dollars which will be leveraged into 1373 01:03:47,338 --> 01:03:52,139 trillions of dollars to contribute to 1374 01:03:49,440 --> 01:03:54,119 the largest income inequality Gap in our 1375 01:03:52,139 --> 01:03:56,818 future 1376 01:03:54,119 --> 01:03:59,160 once again the very wealthy big 1377 01:03:56,818 --> 01:04:01,139 corporations did extraordinarily well 1378 01:03:59,159 --> 01:04:03,659 over the last year and a half they've 1379 01:04:01,139 --> 01:04:05,639 spent over a trillion dollars buying 1380 01:04:03,659 --> 01:04:08,460 back their shares of stock to 1381 01:04:05,639 --> 01:04:10,259 artificially boost their share prices so 1382 01:04:08,460 --> 01:04:12,599 that the top Executives and major 1383 01:04:10,260 --> 01:04:14,460 investors would benefit they could have 1384 01:04:12,599 --> 01:04:17,640 used that trillion dollars as a cushion 1385 01:04:14,460 --> 01:04:20,699 against the big rainy day the storm that 1386 01:04:17,639 --> 01:04:23,879 we now have they didn't instead they got 1387 01:04:20,699 --> 01:04:27,419 bailed out it's socialism for the rich 1388 01:04:23,880 --> 01:04:30,180 the corporate socialism but also the 1389 01:04:27,420 --> 01:04:33,599 harshest form of capitalism for most 1390 01:04:30,179 --> 01:04:36,239 working people and the poor 1391 01:04:33,599 --> 01:04:38,818 the crisis is highlighted that we're 1392 01:04:36,239 --> 01:04:41,098 absolutely unprepared to deal with 1393 01:04:38,818 --> 01:04:42,000 disasters like what we're facing right 1394 01:04:41,099 --> 01:04:44,818 now 1395 01:04:42,000 --> 01:04:46,260 and we also have this other even bigger 1396 01:04:44,818 --> 01:04:50,358 looming crisis which is the climate 1397 01:04:46,260 --> 01:04:50,359 catastrophe that's not going anywhere 1398 01:04:54,960 --> 01:05:03,358 it's no exaggeration to say that the 1399 01:04:59,219 --> 01:05:06,539 greed economy is killing us it's killing 1400 01:05:03,358 --> 01:05:08,460 off species it's depleting our natural 1401 01:05:06,539 --> 01:05:12,058 resources 1402 01:05:08,460 --> 01:05:15,720 it's poisoning our people 1403 01:05:12,059 --> 01:05:19,140 a handful of corporations are allowed to 1404 01:05:15,719 --> 01:05:21,419 put next quarter's profits ahead of the 1405 01:05:19,139 --> 01:05:23,578 Next Generation 1406 01:05:21,420 --> 01:05:25,980 when our children and grandchildren look 1407 01:05:23,579 --> 01:05:27,140 back in the history books and ask the 1408 01:05:25,980 --> 01:05:31,380 question 1409 01:05:27,139 --> 01:05:32,699 why didn't we stop the crisis of climate 1410 01:05:31,380 --> 01:05:35,338 change 1411 01:05:32,699 --> 01:05:37,439 the only answer we'll have for them is 1412 01:05:35,338 --> 01:05:39,420 that it was profitable for a handful of 1413 01:05:37,440 --> 01:05:41,659 Corporations to keep polluting our 1414 01:05:39,420 --> 01:05:41,659 planet 1415 01:05:44,159 --> 01:05:49,259 here are coming faster than anybody 1416 01:05:46,318 --> 01:05:52,818 thought the impacts from them are going 1417 01:05:49,260 --> 01:05:52,819 to be far worse than we thought 1418 01:05:53,519 --> 01:05:59,460 it's also going to change the entire 1419 01:05:56,039 --> 01:06:01,558 Global Dynamic around equality the world 1420 01:05:59,460 --> 01:06:04,380 is going to divide in ways that we have 1421 01:06:01,559 --> 01:06:07,440 a difficult time imagining now we're 1422 01:06:04,380 --> 01:06:10,079 headed for a world that sees a protected 1423 01:06:07,440 --> 01:06:13,559 privileged view surrounded by an 1424 01:06:10,079 --> 01:06:16,220 immensely impoverished majority of the 1425 01:06:13,559 --> 01:06:16,220 global population 1426 01:06:16,318 --> 01:06:21,179 with the impacts of climate change now 1427 01:06:18,480 --> 01:06:23,039 in plain view fossil fuel companies have 1428 01:06:21,179 --> 01:06:25,199 stopped actively denying that it's 1429 01:06:23,039 --> 01:06:27,239 happening 1430 01:06:25,199 --> 01:06:29,399 they've discovered that a better 1431 01:06:27,239 --> 01:06:33,000 strategy for them now in the age of 1432 01:06:29,400 --> 01:06:35,160 active climate breakdown is to charm us 1433 01:06:33,000 --> 01:06:37,679 all into believing that they're part of 1434 01:06:35,159 --> 01:06:41,038 the solution saying okay we're going to 1435 01:06:37,679 --> 01:06:42,899 invest in Renewables but meanwhile we 1436 01:06:41,039 --> 01:06:45,480 have to keep using fossil fuels for a 1437 01:06:42,900 --> 01:06:48,000 long time so you know we can use lighter 1438 01:06:45,480 --> 01:06:52,679 fuels like natural gas but we have to be 1439 01:06:48,000 --> 01:06:55,079 realistic it is impossible impossible to 1440 01:06:52,679 --> 01:06:55,919 displace carbon fully for a very long 1441 01:06:55,079 --> 01:06:58,460 time 1442 01:06:55,920 --> 01:07:01,139 gas is a very good 1443 01:06:58,460 --> 01:07:04,019 carbon fuel 1444 01:07:01,139 --> 01:07:06,779 you have to see this as one more arrow 1445 01:07:04,019 --> 01:07:07,920 in the large quiver of delay tactics and 1446 01:07:06,780 --> 01:07:09,660 ways to 1447 01:07:07,920 --> 01:07:12,119 preserve what's really the core of their 1448 01:07:09,659 --> 01:07:14,038 business not the core of the best 1449 01:07:12,119 --> 01:07:15,960 interest of society we need to 1450 01:07:14,039 --> 01:07:17,760 transition to the cleanest form of 1451 01:07:15,960 --> 01:07:19,500 carbon free energy as quickly as 1452 01:07:17,760 --> 01:07:22,079 possible if we were to do this by 1453 01:07:19,500 --> 01:07:24,298 tomorrow it wouldn't be fast enough I 1454 01:07:22,079 --> 01:07:27,119 mean we'd just be stupid if we look to 1455 01:07:24,298 --> 01:07:28,920 the coal and gas and oil industry for a 1456 01:07:27,119 --> 01:07:31,680 clean energy future that's not what they 1457 01:07:28,920 --> 01:07:33,539 do they have a business model they're 1458 01:07:31,679 --> 01:07:36,179 going to pursue that business model to 1459 01:07:33,539 --> 01:07:38,460 the end of time and they may do that if 1460 01:07:36,179 --> 01:07:40,318 we're not able to control them the 1461 01:07:38,460 --> 01:07:43,980 fossil fuel industry actually doesn't 1462 01:07:40,318 --> 01:07:46,858 plan to stop increasing production and 1463 01:07:43,980 --> 01:07:49,740 distraction anytime soon in fact they're 1464 01:07:46,858 --> 01:07:53,219 doubling down on it their goal is to 1465 01:07:49,739 --> 01:07:55,739 extract as much as possible before it 1466 01:07:53,219 --> 01:07:58,399 becomes just completely unviable for 1467 01:07:55,739 --> 01:07:58,399 them to do so 1468 01:07:59,039 --> 01:08:04,339 the fossil fuel industry is wrapping up 1469 01:08:01,199 --> 01:08:04,338 new Mega projects 1470 01:08:04,500 --> 01:08:09,960 some companies pursuing profits from 1471 01:08:07,079 --> 01:08:12,119 even the dirtiest fuels 1472 01:08:09,960 --> 01:08:16,259 like a Donnie 1473 01:08:12,119 --> 01:08:18,420 around 2011 there were plans for nine 1474 01:08:16,259 --> 01:08:20,399 new coal export ports up and down the 1475 01:08:18,420 --> 01:08:23,460 Great Barrier Reef Coast 1476 01:08:20,399 --> 01:08:26,219 adani's proposed Carmichael mine would 1477 01:08:23,460 --> 01:08:27,838 be a 60 million tonne a year thermal 1478 01:08:26,219 --> 01:08:30,198 coal mine in the middle of the Galilee 1479 01:08:27,838 --> 01:08:30,198 basin 1480 01:08:30,600 --> 01:08:33,900 the largest new proposed coal project in 1481 01:08:32,880 --> 01:08:38,119 the world 1482 01:08:33,899 --> 01:08:41,000 to be 40 kilometers by 13 kilometers 1483 01:08:38,119 --> 01:08:44,179 entirely encompassed within 1484 01:08:41,000 --> 01:08:44,179 wanganujagalingu country 1485 01:08:44,219 --> 01:08:49,380 it is on the doorstep of the Great 1486 01:08:46,738 --> 01:08:52,379 Barrier Reef an already very stressed 1487 01:08:49,380 --> 01:08:54,838 and vulnerable ecosystem and what we're 1488 01:08:52,380 --> 01:08:57,960 going to see is 500 more coal ships 1489 01:08:54,838 --> 01:09:00,059 every year trudging through a stress 1490 01:08:57,960 --> 01:09:02,939 Reef that what scientists are telling us 1491 01:09:00,060 --> 01:09:05,640 is already half dead the adani 1492 01:09:02,939 --> 01:09:08,460 Carmichael mine would drive global 1493 01:09:05,640 --> 01:09:10,859 warming it would destroy habitat for 1494 01:09:08,460 --> 01:09:13,859 endangered species it would destroy 1495 01:09:10,859 --> 01:09:15,420 groundwater and it would disenfranchise 1496 01:09:13,859 --> 01:09:16,640 wangan and juggling with traditional 1497 01:09:15,420 --> 01:09:20,270 owners of that country 1498 01:09:16,640 --> 01:09:20,270 [Music] 1499 01:09:23,939 --> 01:09:28,858 try and get rid of that problem 1500 01:09:26,350 --> 01:09:30,779 [Music] 1501 01:09:28,859 --> 01:09:33,359 we know that the mechanisms of the state 1502 01:09:30,779 --> 01:09:36,600 line up to work for mining companies and 1503 01:09:33,359 --> 01:09:40,699 corporations essentially to roll over 1504 01:09:36,600 --> 01:09:40,699 Aboriginal people to get past us 1505 01:09:43,338 --> 01:09:48,600 the government and the state and the 1506 01:09:45,899 --> 01:09:49,920 corporations devise ways saying oh we 1507 01:09:48,600 --> 01:09:51,060 want to put this mind and we just want 1508 01:09:49,920 --> 01:09:53,279 to do it we just want to put this 1509 01:09:51,060 --> 01:09:56,539 pipeline in and all these people are in 1510 01:09:53,279 --> 01:09:56,540 our way we need to remove them 1511 01:09:59,640 --> 01:10:04,079 they use the security they use our own 1512 01:10:01,920 --> 01:10:06,960 Aboriginal police against us they use 1513 01:10:04,079 --> 01:10:09,719 every means they can 1514 01:10:06,960 --> 01:10:11,698 to indigenous people it is clearly a 1515 01:10:09,719 --> 01:10:13,920 life and death struggle 1516 01:10:11,698 --> 01:10:15,359 that's what you're witnessing happening 1517 01:10:13,920 --> 01:10:18,659 around the world 1518 01:10:15,359 --> 01:10:23,000 that is destructive corporate agenda 1519 01:10:18,659 --> 01:10:23,000 that is completely out of control 1520 01:10:24,630 --> 01:10:27,800 [Music] 1521 01:10:48,420 --> 01:10:53,940 when a society begins to understand that 1522 01:10:51,658 --> 01:10:56,399 that good job that they had or their 1523 01:10:53,939 --> 01:10:58,500 parents at is never coming back 1524 01:10:56,399 --> 01:11:01,859 that they are going to be working 70 1525 01:10:58,500 --> 01:11:03,899 hours a week and still be consumed by 1526 01:11:01,859 --> 01:11:06,899 crippling Debt Pay image 1527 01:11:03,899 --> 01:11:09,059 that all of their dreams that Oprah and 1528 01:11:06,899 --> 01:11:11,819 everyone else has told them can come to 1529 01:11:09,060 --> 01:11:14,520 fruition are never going to arrive 1530 01:11:11,819 --> 01:11:17,759 and they scream for vengeance and moral 1531 01:11:14,520 --> 01:11:19,980 renewal and they look for the internal 1532 01:11:17,760 --> 01:11:21,420 enemies that have thwarted 1533 01:11:19,979 --> 01:11:23,939 the possibility of their own 1534 01:11:21,420 --> 01:11:24,840 aggrandizement so then you turn on the 1535 01:11:23,939 --> 01:11:26,960 vulnerable 1536 01:11:24,840 --> 01:11:29,819 you turn on Muslims 1537 01:11:26,960 --> 01:11:33,239 undocumented workers homosexuals 1538 01:11:29,819 --> 01:11:35,698 feminists intellectuals liberals 1539 01:11:33,238 --> 01:11:38,218 all of those forces that you are told 1540 01:11:35,698 --> 01:11:40,500 have a thwarted 1541 01:11:38,219 --> 01:11:43,039 the possibilities that were your right 1542 01:11:40,500 --> 01:11:43,039 to have 1543 01:11:43,319 --> 01:11:50,880 what you see is a frustration that grew 1544 01:11:47,219 --> 01:11:54,480 out of economic disempowerment 1545 01:11:50,880 --> 01:11:56,219 turning into a new wave of hate there's 1546 01:11:54,479 --> 01:11:58,198 no question that a lot of people around 1547 01:11:56,219 --> 01:11:59,819 the world have a feeling that we've 1548 01:11:58,198 --> 01:12:02,219 lived in this age that is incredibly 1549 01:11:59,819 --> 01:12:03,960 abundant in Innovation but short on 1550 01:12:02,219 --> 01:12:06,679 progress if progress means most people's 1551 01:12:03,960 --> 01:12:06,679 lives getting better 1552 01:12:08,939 --> 01:12:17,599 it's only a matter of time before people 1553 01:12:13,100 --> 01:12:17,600 want to shatter the system 1554 01:12:19,760 --> 01:12:24,719 there's no guarantee when people rise up 1555 01:12:22,859 --> 01:12:28,439 the shadow system whether you get 1556 01:12:24,719 --> 01:12:31,039 Medicare for all or a wall on the 1557 01:12:28,439 --> 01:12:31,039 southern border 1558 01:12:33,920 --> 01:12:37,859 [Applause] 1559 01:12:34,939 --> 01:12:40,439 [Music] 1560 01:12:37,859 --> 01:12:42,479 it's akin to the fascist movements of 1561 01:12:40,439 --> 01:12:46,559 the 1920s and 30s 1562 01:12:42,479 --> 01:12:48,959 where the alienated can feel a sense of 1563 01:12:46,560 --> 01:12:53,420 empowerment by identifying with the 1564 01:12:48,960 --> 01:12:53,420 great leader often in these big rallies 1565 01:12:55,880 --> 01:13:02,579 I mean it really is like snapshots out 1566 01:12:58,979 --> 01:13:07,279 of the 1930s this kind of politics of 1567 01:13:02,579 --> 01:13:07,279 hatred and reaction and Division 1568 01:13:08,000 --> 01:13:14,100 Donald Trump 1569 01:13:10,619 --> 01:13:15,899 wasn't the problem Donald Trump was the 1570 01:13:14,100 --> 01:13:19,920 symptom of the problem 1571 01:13:15,899 --> 01:13:21,539 the problem is a a breakdown in the 1572 01:13:19,920 --> 01:13:24,779 social cohesion 1573 01:13:21,539 --> 01:13:27,439 that makes democracy and Civil Society 1574 01:13:24,779 --> 01:13:27,439 possible 1575 01:13:28,939 --> 01:13:35,879 and that breakdown in Social cohesion in 1576 01:13:32,520 --> 01:13:39,120 turn was created by 40 Years of rising 1577 01:13:35,880 --> 01:13:42,020 economic inequality by the evisceration 1578 01:13:39,119 --> 01:13:45,179 of the middle class 1579 01:13:42,020 --> 01:13:47,400 collectively the nation lashed out by 1580 01:13:45,179 --> 01:13:49,760 electing the candidate who was lashing 1581 01:13:47,399 --> 01:13:49,759 out too 1582 01:13:57,140 --> 01:14:05,300 this angry right-wing eruption 1583 01:14:02,060 --> 01:14:08,219 completely agreed with the free market 1584 01:14:05,300 --> 01:14:11,760 fundamentalism of this new order and 1585 01:14:08,219 --> 01:14:15,060 represented themselves as a people whose 1586 01:14:11,760 --> 01:14:19,140 whiteness whose Traditional Values whose 1587 01:14:15,060 --> 01:14:21,300 Christianity whose nativism should be at 1588 01:14:19,140 --> 01:14:23,719 the heart of the country's concerns let 1589 01:14:21,300 --> 01:14:26,779 them call you racist 1590 01:14:23,719 --> 01:14:30,619 let them call you xenophobes 1591 01:14:26,779 --> 01:14:34,079 let them call you nativists 1592 01:14:30,619 --> 01:14:36,539 wear it as a badge of honor because 1593 01:14:34,079 --> 01:14:38,039 every day we get stronger and they get 1594 01:14:36,539 --> 01:14:40,439 weaker 1595 01:14:38,039 --> 01:14:43,380 parts of the population are actually 1596 01:14:40,439 --> 01:14:45,599 leaning towards strongman Donald Trump 1597 01:14:43,380 --> 01:14:48,179 the large part of the Turkish population 1598 01:14:45,600 --> 01:14:50,699 is supporting erdogan or we're seeing it 1599 01:14:48,179 --> 01:14:52,500 in Hungary with Orban we are proud to 1600 01:14:50,698 --> 01:14:55,259 stand together with the United States on 1601 01:14:52,500 --> 01:14:57,119 fighting against illegal migration 1602 01:14:55,260 --> 01:15:00,060 on terrorism 1603 01:14:57,119 --> 01:15:02,099 and to protect and help the Christian 1604 01:15:00,060 --> 01:15:04,620 communities all around the world all of 1605 01:15:02,100 --> 01:15:06,420 these right-wing regimes 1606 01:15:04,619 --> 01:15:08,340 represent a continuation of 1607 01:15:06,420 --> 01:15:09,600 privatization of the destruction of 1608 01:15:08,340 --> 01:15:12,239 welfare 1609 01:15:09,600 --> 01:15:14,520 the undermining of labor unions Etc 1610 01:15:12,238 --> 01:15:16,919 Unchained by the kinds of restrictions 1611 01:15:14,520 --> 01:15:19,440 that that workers rights posed or that 1612 01:15:16,920 --> 01:15:21,899 Environmental Protections pose or that 1613 01:15:19,439 --> 01:15:24,960 even structures for providing for the 1614 01:15:21,899 --> 01:15:27,299 poor opposed so now corporations have 1615 01:15:24,960 --> 01:15:29,539 freerra reign 1616 01:15:27,300 --> 01:15:32,940 money has replaced the vote 1617 01:15:29,539 --> 01:15:36,060 America is dominated by a system of 1618 01:15:32,939 --> 01:15:37,799 legalized bribery our three branches of 1619 01:15:36,060 --> 01:15:40,260 government are wholly captive to 1620 01:15:37,800 --> 01:15:43,079 corporate power so you have corporate 1621 01:15:40,260 --> 01:15:46,199 forces that purport to pay fealty to 1622 01:15:43,079 --> 01:15:48,238 electoral Politics the Constitution the 1623 01:15:46,198 --> 01:15:51,839 iconography and language of American 1624 01:15:48,238 --> 01:15:54,658 patriotism and yet internally have 1625 01:15:51,840 --> 01:15:56,520 rendered the citizen impede I don't 1626 01:15:54,658 --> 01:15:58,920 think that you can 1627 01:15:56,520 --> 01:16:01,020 honestly grasp the forces we're up 1628 01:15:58,920 --> 01:16:02,340 against including the unraveling of the 1629 01:16:01,020 --> 01:16:05,699 ecosystem 1630 01:16:02,340 --> 01:16:08,159 and not be filled with despair 1631 01:16:05,698 --> 01:16:10,139 the greatest existential crisis of our 1632 01:16:08,158 --> 01:16:12,539 time is to at once understand the 1633 01:16:10,140 --> 01:16:15,860 reality before us and then find the 1634 01:16:12,539 --> 01:16:15,859 capacity to resist 1635 01:16:19,090 --> 01:16:26,229 [Music] 1636 01:16:28,260 --> 01:16:31,980 so much of our Lives is about the 1637 01:16:30,359 --> 01:16:33,599 stories we tell ourselves 1638 01:16:31,979 --> 01:16:35,639 and corporations have done a very 1639 01:16:33,600 --> 01:16:37,800 effective job at defining the limits of 1640 01:16:35,640 --> 01:16:39,600 possibility and defining what we can 1641 01:16:37,800 --> 01:16:42,779 expect out of life 1642 01:16:39,600 --> 01:16:45,000 so if we believe that we are in a dog 1643 01:16:42,779 --> 01:16:47,519 eat dog world and it's patriarchal 1644 01:16:45,000 --> 01:16:50,579 machismo view of reality then that 1645 01:16:47,520 --> 01:16:52,739 constrains how we act and how we behave 1646 01:16:50,579 --> 01:16:54,960 social movements are created out of a 1647 01:16:52,738 --> 01:16:56,459 contagious mood and a new tactic part of 1648 01:16:54,960 --> 01:16:57,719 what that new tactic does is it wakes 1649 01:16:56,460 --> 01:17:00,480 people up and part of what that mood 1650 01:16:57,719 --> 01:17:03,960 does is gets them to dream again 1651 01:17:00,479 --> 01:17:06,238 in 2011 mass movements for change swept 1652 01:17:03,960 --> 01:17:09,539 across the globe in the aftermath of the 1653 01:17:06,238 --> 01:17:11,099 2008 financial crisis there was a cycle 1654 01:17:09,539 --> 01:17:13,140 of struggles 1655 01:17:11,100 --> 01:17:16,380 sometimes called the movement of squares 1656 01:17:13,140 --> 01:17:18,960 it starts in Tunisia 1657 01:17:16,380 --> 01:17:22,440 and passes to Egypt 1658 01:17:18,960 --> 01:17:23,199 passing then across the Mediterranean to 1659 01:17:22,439 --> 01:17:24,359 Spain 1660 01:17:23,199 --> 01:17:27,359 [Applause] 1661 01:17:24,359 --> 01:17:29,519 to Greece 1662 01:17:27,359 --> 01:17:32,339 before it finally arrives at Ducati Park 1663 01:17:29,520 --> 01:17:34,860 in the United States and what were these 1664 01:17:32,340 --> 01:17:39,079 movements about they were really about 1665 01:17:34,859 --> 01:17:39,079 the demand for a new kind of democracy 1666 01:17:40,679 --> 01:17:43,980 during October Wall Street we suddenly 1667 01:17:42,238 --> 01:17:45,658 thought what we can have a democracy in 1668 01:17:43,979 --> 01:17:48,299 this country that's not run by Corporate 1669 01:17:45,658 --> 01:17:49,619 Finance capitalism like it's amazing you 1670 01:17:48,300 --> 01:17:51,719 know 1671 01:17:49,619 --> 01:17:53,939 the moment was so ripe that within 24 1672 01:17:51,719 --> 01:17:57,020 hours activists in New York City took up 1673 01:17:53,939 --> 01:17:57,019 the idea and ran with it 1674 01:17:58,260 --> 01:18:03,420 these movements were a kind of refusal 1675 01:18:00,840 --> 01:18:05,719 of corporate culture consumerism and 1676 01:18:03,420 --> 01:18:08,520 that was their Essence 1677 01:18:05,719 --> 01:18:10,920 the Occupy Movement quickly spread from 1678 01:18:08,520 --> 01:18:14,719 zakati Park to cities across the United 1679 01:18:10,920 --> 01:18:14,719 States and then the world 1680 01:18:17,300 --> 01:18:20,300 foreign 1681 01:18:23,199 --> 01:18:28,619 [Music] 1682 01:18:24,979 --> 01:18:30,899 movement captured the feeling that 1683 01:18:28,619 --> 01:18:33,899 ordinary working people had and when the 1684 01:18:30,899 --> 01:18:35,460 recession happened in 2008 the very 1685 01:18:33,899 --> 01:18:38,339 banks that had caused the financial 1686 01:18:35,460 --> 01:18:41,960 collapse were the ones being rewarded 1687 01:18:38,340 --> 01:18:44,699 and the rest of us had got sold out 1688 01:18:41,960 --> 01:18:48,300 what was so important about occupy was 1689 01:18:44,698 --> 01:18:50,759 to crystallize the public anger occupy 1690 01:18:48,300 --> 01:18:54,179 did that and put an explanatory 1691 01:18:50,760 --> 01:18:56,360 narrative around the 99 versus the one 1692 01:18:54,179 --> 01:18:56,359 percent 1693 01:19:00,000 --> 01:19:05,340 an economic system that is fundamentally 1694 01:19:03,079 --> 01:19:06,840 fundamentally misaligned in the 1695 01:19:05,340 --> 01:19:08,409 corporate interest and against the 1696 01:19:06,840 --> 01:19:11,480 people's interests 1697 01:19:08,409 --> 01:19:13,039 [Applause] 1698 01:19:11,479 --> 01:19:14,779 [Music] 1699 01:19:13,039 --> 01:19:15,019 all right 1700 01:19:14,779 --> 01:19:19,759 [Applause] 1701 01:19:15,020 --> 01:19:24,749 [Music] 1702 01:19:19,760 --> 01:19:24,748 [Applause] 1703 01:19:25,399 --> 01:19:30,599 Occupy Wall Street was a constructive 1704 01:19:27,539 --> 01:19:32,340 failure but it taught us something very 1705 01:19:30,600 --> 01:19:33,659 important we need to pair protests with 1706 01:19:32,340 --> 01:19:35,279 gaining sovereignty which means either 1707 01:19:33,658 --> 01:19:37,019 pairing protests with winning elections 1708 01:19:35,279 --> 01:19:39,000 or pairing protests with winning wars 1709 01:19:37,020 --> 01:19:41,280 and you can choose as an activist I 1710 01:19:39,000 --> 01:19:42,960 would Advocate elections there's only so 1711 01:19:41,279 --> 01:19:44,759 many times you can have tear gas fired 1712 01:19:42,960 --> 01:19:46,920 into your face and get hit over the head 1713 01:19:44,760 --> 01:19:50,100 by a police bat on or be dragged up to 1714 01:19:46,920 --> 01:19:51,239 jail and after a while you say you know 1715 01:19:50,100 --> 01:19:53,579 what I'm going to do something at the 1716 01:19:51,238 --> 01:19:55,500 level of politics now 1717 01:19:53,579 --> 01:19:58,079 all those movements face the challenge 1718 01:19:55,500 --> 01:20:01,140 what do you stand for 1719 01:19:58,079 --> 01:20:03,658 are you actually going to challenge the 1720 01:20:01,140 --> 01:20:05,310 power of Corporations this is what the 1721 01:20:03,658 --> 01:20:10,898 2020s will be about 1722 01:20:05,310 --> 01:20:10,899 [Music] 1723 01:20:12,300 --> 01:20:18,300 we turn now to Seattle Washington where 1724 01:20:15,600 --> 01:20:20,940 a former Occupy Wall Street activist is 1725 01:20:18,300 --> 01:20:23,579 being sworn in today to the city council 1726 01:20:20,939 --> 01:20:26,779 we have shown that it's possible to 1727 01:20:23,579 --> 01:20:30,960 succeed as an independent Grassroots 1728 01:20:26,779 --> 01:20:33,738 openly socialist campaign not taking any 1729 01:20:30,960 --> 01:20:38,520 money from Big Business this moment 1730 01:20:33,738 --> 01:20:41,939 belongs to that way of organizing shama 1731 01:20:38,520 --> 01:20:44,520 becomes the first socialist elected to 1732 01:20:41,939 --> 01:20:48,198 uh to the Seattle City council since the 1733 01:20:44,520 --> 01:20:52,320 early 20th century her signature issue 1734 01:20:48,198 --> 01:20:54,779 was 15 an hour minimum wage 1735 01:20:52,319 --> 01:20:57,000 there were courageous workers of 1736 01:20:54,779 --> 01:21:01,738 McDonald's and other fast food Outlets 1737 01:20:57,000 --> 01:21:04,738 who went out on a one-day strike 1738 01:21:01,738 --> 01:21:07,519 15 and a union was their slogan 1739 01:21:04,738 --> 01:21:09,899 on the 15th of May 2014 1740 01:21:07,520 --> 01:21:13,199 thousands of fast food workers flooded 1741 01:21:09,899 --> 01:21:16,139 the streets of 150 U.S cities striking 1742 01:21:13,198 --> 01:21:18,299 to demand a 15 minimum wage better 1743 01:21:16,140 --> 01:21:19,500 working conditions and the right to form 1744 01:21:18,300 --> 01:21:22,679 a union 1745 01:21:19,500 --> 01:21:25,260 we organized Ordinary People workers 1746 01:21:22,679 --> 01:21:29,658 Rank and file union members and 1747 01:21:25,260 --> 01:21:29,659 activists who wanted to fight 415. 1748 01:21:29,960 --> 01:21:34,319 if you are actually going to be true to 1749 01:21:32,399 --> 01:21:36,000 the movement if you are going to be 1750 01:21:34,319 --> 01:21:38,158 accountable to all these people you 1751 01:21:36,000 --> 01:21:41,760 claim to represent once you're elected 1752 01:21:38,158 --> 01:21:43,619 it does require you to take a bold and 1753 01:21:41,760 --> 01:21:46,260 strong stance against the corporate 1754 01:21:43,619 --> 01:21:48,059 politicians if they are not on your side 1755 01:21:46,260 --> 01:21:51,360 then you have to fight against them 1756 01:21:48,060 --> 01:21:53,760 you're Duty bound also over billion 1757 01:21:51,359 --> 01:21:57,198 dollars of taxes that Amazon owes to the 1758 01:21:53,760 --> 01:22:00,179 IRS they now get a break of 1759 01:21:57,198 --> 01:22:02,339 789 million dollars 1760 01:22:00,179 --> 01:22:05,219 her campaign wins so many supporters 1761 01:22:02,340 --> 01:22:08,279 that Seattle becomes the first major 1762 01:22:05,219 --> 01:22:09,539 city in America to adopt 15 an hour 1763 01:22:08,279 --> 01:22:11,880 minimum wage 1764 01:22:09,539 --> 01:22:13,619 and that starts the ball rolling as more 1765 01:22:11,880 --> 01:22:16,440 and more cities Across the Nation have 1766 01:22:13,619 --> 01:22:20,460 followed the example of Seattle 1767 01:22:16,439 --> 01:22:22,379 if you Empower workers by giving them a 1768 01:22:20,460 --> 01:22:23,579 better standard of living it's not going 1769 01:22:22,380 --> 01:22:26,760 to stop there 1770 01:22:23,579 --> 01:22:28,679 it raises their sights the confidence of 1771 01:22:26,760 --> 01:22:30,360 working people towards a different kind 1772 01:22:28,679 --> 01:22:32,460 of society 1773 01:22:30,359 --> 01:22:33,719 you don't need a PhD in economics to 1774 01:22:32,460 --> 01:22:36,420 know that your life sucks under 1775 01:22:33,719 --> 01:22:37,630 capitalism and we've got to build a 1776 01:22:36,420 --> 01:22:40,779 movement to fight for it 1777 01:22:37,630 --> 01:22:40,779 [Music] 1778 01:22:41,569 --> 01:22:46,679 [Applause] 1779 01:22:42,960 --> 01:22:49,859 in 2019 shama sawant was elected to a 1780 01:22:46,679 --> 01:22:52,679 third term on Seattle City council 1781 01:22:49,859 --> 01:22:56,658 despite Amazon spending 1.5 million 1782 01:22:52,679 --> 01:22:56,658 dollars to try to unseat her 1783 01:23:00,539 --> 01:23:04,679 shama was pioneering the new Urban 1784 01:23:03,179 --> 01:23:07,279 Renaissance 1785 01:23:04,679 --> 01:23:11,039 starting around 1786 01:23:07,279 --> 01:23:12,840 2013 and 14 especially a whole new 1787 01:23:11,039 --> 01:23:14,939 movement developed of Grassroots 1788 01:23:12,840 --> 01:23:17,279 organizations from various movements 1789 01:23:14,939 --> 01:23:19,259 that then United to elect for the first 1790 01:23:17,279 --> 01:23:21,539 time representatives of their 1791 01:23:19,260 --> 01:23:23,940 perspectives into office you had a whole 1792 01:23:21,539 --> 01:23:26,698 wave of people all of whom were not 1793 01:23:23,939 --> 01:23:28,799 expected to have a chance all of them 1794 01:23:26,698 --> 01:23:30,658 running on more or less the same 1795 01:23:28,800 --> 01:23:32,279 platform that income inequality is the 1796 01:23:30,658 --> 01:23:34,799 moral issue of our time 1797 01:23:32,279 --> 01:23:37,319 and they were not just part of the U.S 1798 01:23:34,800 --> 01:23:39,600 movement but you had siddiq Khan from 1799 01:23:37,319 --> 01:23:41,819 the first Muslim elected to the 1800 01:23:39,600 --> 01:23:43,980 mayoralty of London you had an Hidalgo a 1801 01:23:41,819 --> 01:23:46,198 leading environmentalist and socialist 1802 01:23:43,979 --> 01:23:48,479 of Europe winning the mayoral City of 1803 01:23:46,198 --> 01:23:50,759 Paris Carmen Julene Cruz the mayor of 1804 01:23:48,479 --> 01:23:55,039 San Juan Puerto Rico and you have other 1805 01:23:50,760 --> 01:23:55,039 colau in uh in Barcelona 1806 01:24:00,319 --> 01:24:06,658 in the wake of the mortgage meltdown 1807 01:24:03,859 --> 01:24:08,880 worldwide there were thousands of 1808 01:24:06,658 --> 01:24:11,879 Spanish homeowners being evicted from 1809 01:24:08,880 --> 01:24:14,640 their houses by International Banks and 1810 01:24:11,880 --> 01:24:17,340 other colau begins to lead a resistance 1811 01:24:14,640 --> 01:24:19,450 movement of the homeowners 1812 01:24:17,340 --> 01:24:24,250 foreign 1813 01:24:19,449 --> 01:24:24,250 [Applause] 1814 01:24:37,680 --> 01:24:40,749 [Music] 1815 01:24:43,520 --> 01:24:47,580 through Mass protests and Civil 1816 01:24:45,899 --> 01:24:52,819 Disobedience she gains a name for 1817 01:24:47,579 --> 01:24:52,819 herself as a defender of the homeowners 1818 01:24:59,189 --> 01:25:07,929 [Music] 1819 01:25:01,770 --> 01:25:07,930 [Laughter] 1820 01:25:08,039 --> 01:25:11,039 gracias 1821 01:25:36,770 --> 01:25:42,260 [Applause] 1822 01:25:40,079 --> 01:25:42,260 foreign 1823 01:25:49,069 --> 01:25:52,179 [Music] 1824 01:26:01,439 --> 01:26:05,519 what's different about this movement is 1825 01:26:03,960 --> 01:26:08,100 that the progressives have seen the 1826 01:26:05,520 --> 01:26:10,560 necessity to actually capture office 1827 01:26:08,100 --> 01:26:12,719 then also once they get into office 1828 01:26:10,560 --> 01:26:14,580 they've understood the necessity for 1829 01:26:12,719 --> 01:26:18,260 continuing to be connected to the 1830 01:26:14,579 --> 01:26:18,260 Grassroots movements that got them there 1831 01:26:18,899 --> 01:26:21,899 Espanol 1832 01:26:27,658 --> 01:26:29,960 is 1833 01:26:33,079 --> 01:26:39,539 2019 more than 200 leading thinkers and 1834 01:26:37,198 --> 01:26:41,178 activists endorse Carlisle's bid for 1835 01:26:39,539 --> 01:26:43,500 re-election 1836 01:26:41,179 --> 01:26:45,840 Barcelona has become a Beacon of Hope 1837 01:26:43,500 --> 01:26:47,579 they wrote proving that we don't have to 1838 01:26:45,840 --> 01:26:48,840 be afraid of standing up to corporate 1839 01:26:47,579 --> 01:26:51,000 power 1840 01:26:48,840 --> 01:26:52,260 that there is another way of doing 1841 01:26:51,000 --> 01:26:55,439 politics 1842 01:26:52,260 --> 01:27:00,909 that puts people at the center 1843 01:26:55,439 --> 01:27:03,799 Kola was re-elected mayor in June 2019. 1844 01:27:00,909 --> 01:27:05,579 [Applause] 1845 01:27:03,800 --> 01:27:08,760 seeing the documentary of the 1846 01:27:05,579 --> 01:27:11,279 corporation it opened my eyes this is 1847 01:27:08,760 --> 01:27:12,480 Chris Barrett he appeared in our first 1848 01:27:11,279 --> 01:27:14,340 film 1849 01:27:12,479 --> 01:27:16,738 featured as one of the first corporate 1850 01:27:14,340 --> 01:27:19,619 sponsored college students 1851 01:27:16,738 --> 01:27:21,899 we saw Tiger Woods on TV with a hat with 1852 01:27:19,619 --> 01:27:23,819 a Nike logo on it and we figured you 1853 01:27:21,899 --> 01:27:25,079 know he probably gets like millions of 1854 01:27:23,819 --> 01:27:26,819 dollars just to wear the hat on the 1855 01:27:25,079 --> 01:27:28,079 press conference and therefore we 1856 01:27:26,819 --> 01:27:30,719 figured we can do that for someone else 1857 01:27:28,079 --> 01:27:32,760 and hopefully get money in turn so we 1858 01:27:30,719 --> 01:27:35,158 can go to school 1859 01:27:32,760 --> 01:27:38,280 you guys were poking fun at us but we 1860 01:27:35,158 --> 01:27:41,399 were 18 year old kids seeing the 1861 01:27:38,279 --> 01:27:43,139 corporation my my mind just like kind of 1862 01:27:41,399 --> 01:27:46,500 exploded it was just like 1863 01:27:43,139 --> 01:27:47,579 I had never been exposed to this mindset 1864 01:27:46,500 --> 01:27:49,079 before 1865 01:27:47,579 --> 01:27:50,639 I was having lunch with my grandfather 1866 01:27:49,079 --> 01:27:53,039 and I asked him who should the 1867 01:27:50,639 --> 01:27:54,600 Democratic nominee be and he told me at 1868 01:27:53,039 --> 01:27:56,760 the time that Bernie Sanders looks 1869 01:27:54,600 --> 01:27:59,100 pretty good I went home and I researched 1870 01:27:56,760 --> 01:28:01,619 Bernie's platform and I realized that 1871 01:27:59,100 --> 01:28:05,039 internally like I align with a lot that 1872 01:28:01,619 --> 01:28:07,679 Bernie says this great nation and its 1873 01:28:05,039 --> 01:28:12,738 government belonged to all of the people 1874 01:28:07,679 --> 01:28:12,739 and not to a handful of billionaires 1875 01:28:13,340 --> 01:28:17,760 and I got connected to Grassroots for 1876 01:28:15,658 --> 01:28:20,158 Sanders they offered me the position of 1877 01:28:17,760 --> 01:28:22,139 assistant fundraising manager where I 1878 01:28:20,158 --> 01:28:22,869 could be able to do the fundraising asks 1879 01:28:22,139 --> 01:28:30,900 on Reddit 1880 01:28:22,869 --> 01:28:33,000 [Music] 1881 01:28:30,899 --> 01:28:34,500 we were able to raise over 10 million 1882 01:28:33,000 --> 01:28:36,619 dollars directly to Bernie Sanders 1883 01:28:34,500 --> 01:28:39,060 campaign 1884 01:28:36,619 --> 01:28:41,399 at some of the field offices people 1885 01:28:39,060 --> 01:28:43,020 would come through the door and they 1886 01:28:41,399 --> 01:28:44,389 would say how do I get involved I have 1887 01:28:43,020 --> 01:28:48,360 never voted in my life 1888 01:28:44,390 --> 01:28:50,699 [Music] 1889 01:28:48,359 --> 01:28:54,179 one of Bernie's messages after he lost 1890 01:28:50,698 --> 01:28:55,738 his presidential run was that local 1891 01:28:54,179 --> 01:28:57,899 people could take back the power and we 1892 01:28:55,738 --> 01:28:59,698 could run for office I met a local 1893 01:28:57,899 --> 01:29:02,279 political organizer in my town of 1894 01:28:59,698 --> 01:29:04,619 Collingswood he was putting together a 1895 01:29:02,279 --> 01:29:06,059 slate of progressive candidates I 1896 01:29:04,619 --> 01:29:09,238 thought that was a brilliant idea it was 1897 01:29:06,060 --> 01:29:11,639 exactly what Barney wanted us to do and 1898 01:29:09,238 --> 01:29:13,019 we I signed the form and we were running 1899 01:29:11,639 --> 01:29:15,119 for office 1900 01:29:13,020 --> 01:29:16,800 I don't think when I was out there 1901 01:29:15,119 --> 01:29:19,079 getting a corporate sponsor that I 1902 01:29:16,800 --> 01:29:21,900 realized that in 16 years I would be an 1903 01:29:19,079 --> 01:29:23,519 elected official in New Jersey I'm going 1904 01:29:21,899 --> 01:29:25,859 to stay on this path and I'm going to 1905 01:29:23,520 --> 01:29:28,380 continue down this political route until 1906 01:29:25,859 --> 01:29:30,559 we have the Progressive Party of the 1907 01:29:28,380 --> 01:29:30,560 future 1908 01:29:31,100 --> 01:29:36,060 historically Progressive movements were 1909 01:29:33,840 --> 01:29:37,440 more interested about building power in 1910 01:29:36,060 --> 01:29:39,600 the streets which is an important thing 1911 01:29:37,439 --> 01:29:41,399 and they kind of neglected running for 1912 01:29:39,600 --> 01:29:43,020 office 1913 01:29:41,399 --> 01:29:45,960 I think now progresses are starting to 1914 01:29:43,020 --> 01:29:48,900 see the nature of power where it lies 1915 01:29:45,960 --> 01:29:51,000 and the reason to contest for it 1916 01:29:48,899 --> 01:29:54,059 now we have thousands of people saying 1917 01:29:51,000 --> 01:29:56,179 Hey I want to run for office 1918 01:29:54,060 --> 01:29:59,940 it's common to say you know that the 1919 01:29:56,179 --> 01:30:01,920 Senators campaign failed I think that's 1920 01:29:59,939 --> 01:30:05,819 a mistake I think it was an 1921 01:30:01,920 --> 01:30:09,319 extraordinary success completely shifted 1922 01:30:05,819 --> 01:30:13,019 the arena of debate and discussion 1923 01:30:09,319 --> 01:30:15,539 issues that were Unthinkable a couple of 1924 01:30:13,020 --> 01:30:17,520 years ago are now right in the middle of 1925 01:30:15,539 --> 01:30:19,859 attention 1926 01:30:17,520 --> 01:30:22,260 the Sanders campaign took to the larger 1927 01:30:19,859 --> 01:30:25,500 political stage the kind of politics 1928 01:30:22,260 --> 01:30:27,199 being practiced by local politicians 1929 01:30:25,500 --> 01:30:29,760 like so long 1930 01:30:27,198 --> 01:30:31,859 and Barrett 1931 01:30:29,760 --> 01:30:34,260 electoral politics interwoven with 1932 01:30:31,859 --> 01:30:35,759 Grassroots activism 1933 01:30:34,260 --> 01:30:39,360 [Music] 1934 01:30:35,760 --> 01:30:42,360 some form of green New Deal is essential 1935 01:30:39,359 --> 01:30:46,698 for the survival of humanity 1936 01:30:42,359 --> 01:30:51,238 now it's part of the general agenda boy 1937 01:30:46,698 --> 01:30:53,960 activist engagement young people they 1938 01:30:51,238 --> 01:30:56,539 receive support from Alexandria 1939 01:30:53,960 --> 01:31:00,658 ocasio-cortez and other young 1940 01:30:56,539 --> 01:31:06,439 legislators who came into office as part 1941 01:31:00,658 --> 01:31:06,439 of the Sanders inspired popular wave 1942 01:31:08,639 --> 01:31:11,639 I think the next wave of revolutions 1943 01:31:10,260 --> 01:31:13,980 really is going to be this kind of 1944 01:31:11,639 --> 01:31:16,319 strange thing where we wake up and we're 1945 01:31:13,979 --> 01:31:18,479 like oh my gosh there's this social 1946 01:31:16,319 --> 01:31:20,579 movement they're in the streets but 1947 01:31:18,479 --> 01:31:24,019 they're running election campaigns they 1948 01:31:20,579 --> 01:31:24,019 have candidates and they're winning 1949 01:31:24,920 --> 01:31:28,920 thank you 1950 01:31:27,250 --> 01:31:31,560 [Music] 1951 01:31:28,920 --> 01:31:34,219 whatever form it takes change Always 1952 01:31:31,560 --> 01:31:36,300 begins with organizing 1953 01:31:34,219 --> 01:31:39,600 it's going to be the year that we take 1954 01:31:36,300 --> 01:31:41,940 the toxic stultified politics of climate 1955 01:31:39,600 --> 01:31:45,420 change and turn it on its head and it 1956 01:31:41,939 --> 01:31:48,178 starts with stopping adani our aim is to 1957 01:31:45,420 --> 01:31:49,800 move the world away from fossil fuels as 1958 01:31:48,179 --> 01:31:51,420 fast as possible the wangan and 1959 01:31:49,800 --> 01:31:54,179 jagalingu people 1960 01:31:51,420 --> 01:31:57,480 have a different struggle which is to 1961 01:31:54,179 --> 01:31:59,239 protect their land and to win land 1962 01:31:57,479 --> 01:32:02,519 rights 1963 01:31:59,238 --> 01:32:04,259 adani has tried to rip our people apart 1964 01:32:02,520 --> 01:32:07,380 it's actually brought our people 1965 01:32:04,260 --> 01:32:09,239 together as well and we've been able to 1966 01:32:07,380 --> 01:32:10,199 think about what is our alternative 1967 01:32:09,238 --> 01:32:12,238 future 1968 01:32:10,198 --> 01:32:16,219 what do we want to build 1969 01:32:12,238 --> 01:32:18,839 and it's not extractive industries that 1970 01:32:16,219 --> 01:32:20,880 governments and other corporations would 1971 01:32:18,840 --> 01:32:24,420 like it to be 1972 01:32:20,880 --> 01:32:25,920 what we've set out to do is support a 1973 01:32:24,420 --> 01:32:28,739 whole range of organizations and 1974 01:32:25,920 --> 01:32:30,359 individuals to work together to achieve 1975 01:32:28,738 --> 01:32:32,479 much bigger change than any one 1976 01:32:30,359 --> 01:32:34,380 organization could achieve working alone 1977 01:32:32,479 --> 01:32:37,519 we want to 1978 01:32:34,380 --> 01:32:37,520 lose control of 1979 01:32:40,260 --> 01:32:43,800 it we figured that the only way we could 1980 01:32:42,238 --> 01:32:45,899 really stop the project is stopping them 1981 01:32:43,800 --> 01:32:48,239 getting Finance yes they need the 1982 01:32:45,899 --> 01:32:50,399 permits and the approvals 1983 01:32:48,238 --> 01:32:52,979 also needs 1984 01:32:50,399 --> 01:32:55,500 both starpadani and the wangan and 1985 01:32:52,979 --> 01:32:58,738 jagalingo people push to Halt funding of 1986 01:32:55,500 --> 01:33:01,738 the adani cormi we met with some of the 1987 01:32:58,738 --> 01:33:04,559 largest banks in the world and said you 1988 01:33:01,738 --> 01:33:06,899 need to acknowledge that any investment 1989 01:33:04,560 --> 01:33:10,380 in the adani Carmichael coal mine 1990 01:33:06,899 --> 01:33:12,119 will be a breach of your obligations to 1991 01:33:10,380 --> 01:33:13,800 us as the indigenous people who've said 1992 01:33:12,119 --> 01:33:16,260 no 1993 01:33:13,800 --> 01:33:17,940 within a month Standard Chartered came 1994 01:33:16,260 --> 01:33:21,060 out publicly and said that they would 1995 01:33:17,939 --> 01:33:22,500 not be giving any money to adani that 1996 01:33:21,060 --> 01:33:24,600 was after 1997 01:33:22,500 --> 01:33:26,819 they'd already given them 680 million 1998 01:33:24,600 --> 01:33:29,219 dollars the two campaigns together 1999 01:33:26,819 --> 01:33:31,920 succeeded in stopping funding from all 2000 01:33:29,219 --> 01:33:33,960 banks worldwide then they won again 2001 01:33:31,920 --> 01:33:36,000 blocking the Australian government's 2002 01:33:33,960 --> 01:33:38,639 attempt to fill the Gap with a one 2003 01:33:36,000 --> 01:33:40,920 billion dollar loan it was a huge 2004 01:33:38,639 --> 01:33:43,739 victory for us because we were told it 2005 01:33:40,920 --> 01:33:46,079 was something that couldn't be done 2006 01:33:43,738 --> 01:33:48,738 adani and his government allies 2007 01:33:46,079 --> 01:33:48,738 allies push for the money 2008 01:33:48,899 --> 01:33:52,379 the money yet 2009 01:33:50,039 --> 01:33:53,698 not a single lump of coal has been mined 2010 01:33:52,380 --> 01:33:57,119 to date 2011 01:33:53,698 --> 01:34:01,079 the resistance continues 2012 01:33:57,119 --> 01:34:03,359 all of my life I have been told 2013 01:34:01,079 --> 01:34:06,359 who I am through stories about the 2014 01:34:03,359 --> 01:34:10,019 people that I come from without their 2015 01:34:06,359 --> 01:34:13,039 resistance and their resilience I would 2016 01:34:10,020 --> 01:34:16,139 not be here it's come down to me 2017 01:34:13,039 --> 01:34:17,639 and I refuse to be the broken Link in 2018 01:34:16,139 --> 01:34:19,739 the chain 2019 01:34:17,639 --> 01:34:23,940 the fight over the adani coal mine has 2020 01:34:19,738 --> 01:34:26,459 become a symbol whether corporations can 2021 01:34:23,939 --> 01:34:29,219 continue to ride roughshod over the 2022 01:34:26,460 --> 01:34:30,899 wishes of the community and create a 2023 01:34:29,219 --> 01:34:33,840 future that is in their financial 2024 01:34:30,899 --> 01:34:36,359 interests alone or whether the community 2025 01:34:33,840 --> 01:34:38,819 actually can build enough power to say 2026 01:34:36,359 --> 01:34:40,859 no that is not the future we want we 2027 01:34:38,819 --> 01:34:41,429 want a safe future with a safe climate 2028 01:34:40,859 --> 01:34:46,819 for everybody 2029 01:34:41,430 --> 01:34:50,400 [Music] 2030 01:34:46,819 --> 01:34:52,198 there is this Global Network there's a 2031 01:34:50,399 --> 01:34:54,899 big fight brewing in Argentina against 2032 01:34:52,198 --> 01:34:56,399 fracking corporations against coal 2033 01:34:54,899 --> 01:35:00,420 expansion in South Africa and 2034 01:34:56,399 --> 01:35:02,939 Philippines in India and Poland 2035 01:35:00,420 --> 01:35:04,460 there's campaigns against pipelines in 2036 01:35:02,939 --> 01:35:09,738 Canada Kinder Morgan 2037 01:35:04,460 --> 01:35:09,739 Keystone XL the fight outstanding Rock 2038 01:35:11,039 --> 01:35:16,560 our indigenous people have been on the 2039 01:35:13,380 --> 01:35:19,560 front lines way before my time 2040 01:35:16,560 --> 01:35:22,860 it's about the land the water 2041 01:35:19,560 --> 01:35:24,900 our inherent jurisdiction as caretakers 2042 01:35:22,859 --> 01:35:28,859 of Mother Earth 2043 01:35:24,899 --> 01:35:32,158 but it's not just an indigenous struggle 2044 01:35:28,859 --> 01:35:34,679 it's a struggle of humanity we need to 2045 01:35:32,158 --> 01:35:36,238 come together to push back the corporate 2046 01:35:34,679 --> 01:35:37,859 agenda 2047 01:35:36,238 --> 01:35:40,439 all people 2048 01:35:37,859 --> 01:35:43,039 all races are beginning to realize we're 2049 01:35:40,439 --> 01:35:43,039 in this together 2050 01:35:44,340 --> 01:35:48,139 we cannot unring a bell 2051 01:35:50,520 --> 01:35:56,280 our civilization is being sacrificed for 2052 01:35:54,000 --> 01:35:59,100 the opportunity of a very small number 2053 01:35:56,279 --> 01:36:00,289 of people to continue making enormous 2054 01:35:59,100 --> 01:36:01,860 amounts of money 2055 01:36:00,289 --> 01:36:04,738 [Music] 2056 01:36:01,859 --> 01:36:06,420 we have not come here to beg we're 2057 01:36:04,738 --> 01:36:08,879 leaders to care 2058 01:36:06,420 --> 01:36:11,460 you have ignored us in the past and you 2059 01:36:08,880 --> 01:36:13,859 will ignore us again 2060 01:36:11,460 --> 01:36:16,380 you have run out of excuses and we are 2061 01:36:13,859 --> 01:36:18,839 running out of time 2062 01:36:16,380 --> 01:36:21,300 we have come here to let you know that 2063 01:36:18,840 --> 01:36:22,739 change is coming whether you like it or 2064 01:36:21,300 --> 01:36:24,989 not 2065 01:36:22,738 --> 01:36:27,229 the real power belongs to the people 2066 01:36:24,989 --> 01:36:30,000 [Music] 2067 01:36:27,229 --> 01:36:33,419 [Applause] 2068 01:36:30,000 --> 01:36:35,639 if you're really wanting to address the 2069 01:36:33,420 --> 01:36:38,819 Deep problems of social racial and 2070 01:36:35,639 --> 01:36:40,909 gender Injustice in our society then we 2071 01:36:38,819 --> 01:36:43,219 need to think of lessons from history 2072 01:36:40,909 --> 01:36:46,460 [Music] 2073 01:36:43,219 --> 01:36:50,179 one thing that's remarkable is just that 2074 01:36:46,460 --> 01:36:50,179 people keep struggling 2075 01:36:50,520 --> 01:36:55,880 that in the worst situations people 2076 01:36:53,100 --> 01:36:55,880 always fight 2077 01:36:56,119 --> 01:37:01,920 even when you thought 2078 01:36:58,979 --> 01:37:04,099 nothing is possible you look at the 2079 01:37:01,920 --> 01:37:07,319 political situation think how bad it is 2080 01:37:04,100 --> 01:37:09,739 then something beautiful and inspiring 2081 01:37:07,319 --> 01:37:09,738 comes out 2082 01:37:15,179 --> 01:37:18,920 in the spring of 2020 the world shut 2083 01:37:18,060 --> 01:37:23,780 down 2084 01:37:18,920 --> 01:37:23,779 but people's hearts opened wide 2085 01:37:27,560 --> 01:37:30,739 [Music] 2086 01:37:32,359 --> 01:37:35,359 thank you 2087 01:37:38,579 --> 01:37:41,639 one of the most beautiful things I've 2088 01:37:39,960 --> 01:37:44,579 seen during the crisis is the way 2089 01:37:41,639 --> 01:37:47,340 workers in a variety of sectors 2090 01:37:44,579 --> 01:37:49,859 have refused have refused to go along 2091 01:37:47,340 --> 01:37:52,139 with putting workers in danger 2092 01:37:49,859 --> 01:37:54,359 Amazon workers striking 2093 01:37:52,139 --> 01:37:56,520 FedEx workers working out 2094 01:37:54,359 --> 01:37:58,679 but also healthcare workers put in 2095 01:37:56,520 --> 01:38:02,580 dangerous situations 2096 01:37:58,679 --> 01:38:04,980 this foresees the kinds of struggles 2097 01:38:02,579 --> 01:38:07,859 that will emerge from this Christ that 2098 01:38:04,979 --> 01:38:10,339 confront the inequalities of this 2099 01:38:07,859 --> 01:38:10,339 economy 2100 01:38:12,179 --> 01:38:18,239 has revealed that there is Broad support 2101 01:38:15,658 --> 01:38:20,099 for the idea that we need to contain 2102 01:38:18,238 --> 01:38:22,198 corporate power 2103 01:38:20,100 --> 01:38:24,600 so that we live in a society where we 2104 01:38:22,198 --> 01:38:26,638 reinvigorate democracy where we have a 2105 01:38:24,600 --> 01:38:29,159 sense of the public purpose and that 2106 01:38:26,639 --> 01:38:31,260 we're not simply at the mercy of a few 2107 01:38:29,158 --> 01:38:33,000 corporations that increasingly run our 2108 01:38:31,260 --> 01:38:36,000 lives 2109 01:38:33,000 --> 01:38:39,119 this can change the way people think 2110 01:38:36,000 --> 01:38:41,359 about the system we owe one another 2111 01:38:39,119 --> 01:38:44,639 certain things certain minimum things 2112 01:38:41,359 --> 01:38:47,099 that's been lost in the last 40 Years of 2113 01:38:44,639 --> 01:38:49,199 deregulation and privatization and the 2114 01:38:47,100 --> 01:38:52,620 corporate takeover of our our political 2115 01:38:49,198 --> 01:38:56,539 culture and our political system 2116 01:38:52,619 --> 01:38:56,539 starting to Dawn on this 2117 01:39:00,119 --> 01:39:05,698 is because the pandemic has revealed 2118 01:39:02,520 --> 01:39:07,620 that the system is incapable of 2119 01:39:05,698 --> 01:39:10,099 addressing even the most basic needs of 2120 01:39:07,619 --> 01:39:10,099 our society 2121 01:39:11,219 --> 01:39:14,939 this film was being 2122 01:39:13,020 --> 01:39:16,440 as being George Floyd is brutally killed 2123 01:39:14,939 --> 01:39:18,678 by police 2124 01:39:16,439 --> 01:39:21,359 a flash point that ignites an uprising 2125 01:39:18,679 --> 01:39:23,940 thousands took to the streets demanding 2126 01:39:21,359 --> 01:39:25,799 Justice for George Floyd The Death of a 2127 01:39:23,939 --> 01:39:27,960 black man pleading that he can't breathe 2128 01:39:25,800 --> 01:39:30,199 as a white officer was kneeling on his 2129 01:39:27,960 --> 01:39:30,198 neck 2130 01:39:31,198 --> 01:39:34,138 imagine 2131 01:39:32,819 --> 01:39:35,819 angry 2132 01:39:34,139 --> 01:39:38,340 spread 2133 01:39:35,819 --> 01:39:41,759 to be to come 2134 01:39:38,340 --> 01:39:44,520 to come in the historical pandemic that 2135 01:39:41,760 --> 01:39:48,320 has had a disproportionately horrendous 2136 01:39:44,520 --> 01:39:48,320 impact in Black communities 2137 01:39:48,550 --> 01:39:54,480 [Music] 2138 01:39:51,600 --> 01:39:56,699 the democracy is trying to breathe 2139 01:39:54,479 --> 01:40:00,658 because of the weight of poverty on our 2140 01:39:56,698 --> 01:40:02,039 neck the denial of Health Care and I met 2141 01:40:00,658 --> 01:40:04,259 because what's happening is 2142 01:40:02,039 --> 01:40:07,460 metaphorically the whole culture is 2143 01:40:04,260 --> 01:40:07,460 saying we can't breathe 2144 01:40:07,979 --> 01:40:11,459 despite sometimes brutal police 2145 01:40:09,658 --> 01:40:14,460 repression 2146 01:40:11,460 --> 01:40:16,619 the protests grew and began to Target 2147 01:40:14,460 --> 01:40:19,800 broader injustices and distorted 2148 01:40:16,619 --> 01:40:22,619 priorities look at the gear and the 2149 01:40:19,800 --> 01:40:25,260 equipment that they have compared to 2150 01:40:22,619 --> 01:40:27,719 hospital workers dressing themselves in 2151 01:40:25,260 --> 01:40:32,400 garbage bags being forced to use the 2152 01:40:27,719 --> 01:40:35,158 same n95 masks for weeks at a time 2153 01:40:32,399 --> 01:40:37,979 the protests quickly became about more 2154 01:40:35,158 --> 01:40:40,500 than racist policing confronting the 2155 01:40:37,979 --> 01:40:41,779 Echoes of corporate capitalism's racist 2156 01:40:40,500 --> 01:40:46,319 past 2157 01:40:41,779 --> 01:40:49,619 capitalism is racial capitalism 2158 01:40:46,319 --> 01:40:52,139 the Industrial Revolution which pivoted 2159 01:40:49,619 --> 01:40:56,069 around the production of capital was 2160 01:40:52,139 --> 01:40:57,779 enabled by slave labor in the U.S 2161 01:40:56,069 --> 01:41:00,479 [Applause] 2162 01:40:57,779 --> 01:41:02,960 there are calls to rethink who we choose 2163 01:41:00,479 --> 01:41:05,698 to honor from our past 2164 01:41:02,960 --> 01:41:08,039 monuments to men who were once honored 2165 01:41:05,698 --> 01:41:11,960 now viewed by a new generation as 2166 01:41:08,039 --> 01:41:11,960 symbols of racism and colonialism 2167 01:41:15,600 --> 01:41:19,320 people only protest what they believe 2168 01:41:17,639 --> 01:41:21,719 can be changed 2169 01:41:19,319 --> 01:41:23,479 the folk didn't protest that meant we 2170 01:41:21,719 --> 01:41:26,219 really would be in trouble 2171 01:41:23,479 --> 01:41:28,678 I don't believe these are just protests 2172 01:41:26,219 --> 01:41:31,439 against police brutality we're seeing 2173 01:41:28,679 --> 01:41:34,649 the convergence of a class Rebellion 2174 01:41:31,439 --> 01:41:36,539 with racism at the center of it 2175 01:41:34,649 --> 01:41:39,539 [Music] 2176 01:41:36,539 --> 01:41:41,939 change will come on this run 2177 01:41:39,539 --> 01:41:44,158 this Pro just black people we can't be 2178 01:41:41,939 --> 01:41:46,500 the same coming out of this 2179 01:41:44,158 --> 01:41:49,259 too many people are suffering we must 2180 01:41:46,500 --> 01:41:51,000 make our political system respond we 2181 01:41:49,260 --> 01:41:53,280 must do it in our deepest mall and not 2182 01:41:51,000 --> 01:41:56,340 that I believe Traditions but it must 2183 01:41:53,279 --> 01:41:58,920 not be weak it has to be strong it has 2184 01:41:56,340 --> 01:42:01,100 to last for an election and Beyond an 2185 01:41:58,920 --> 01:42:01,100 election 2186 01:42:04,260 --> 01:42:09,239 there is a whole new spirit out there 2187 01:42:06,420 --> 01:42:13,319 that's saying 500 years of colonialism 2188 01:42:09,238 --> 01:42:14,879 is enough 200 years of corporate rule 2189 01:42:13,319 --> 01:42:18,658 is enough 2190 01:42:14,880 --> 01:42:22,020 200 years of the building of a fossil 2191 01:42:18,658 --> 01:42:24,359 fuel age is enough I see people who are 2192 01:42:22,020 --> 01:42:25,020 waking up to the realization that no you 2193 01:42:24,359 --> 01:42:26,639 don't 2194 01:42:25,020 --> 01:42:28,139 go start an app if you want to change 2195 01:42:26,639 --> 01:42:32,039 the world you actually try to change the 2196 01:42:28,139 --> 01:42:33,719 world and de-rig a rigged system and in 2197 01:42:32,039 --> 01:42:37,139 a moment like this if you're not working 2198 01:42:33,719 --> 01:42:39,480 at that level on those kinds of things 2199 01:42:37,139 --> 01:42:41,159 you have to really ask yourself 2200 01:42:39,479 --> 01:42:42,479 what was your role in this moment in 2201 01:42:41,158 --> 01:42:45,839 history 2202 01:42:42,479 --> 01:42:49,559 we've been here before we've been at a 2203 01:42:45,840 --> 01:42:51,960 place where my ancestors were bought and 2204 01:42:49,560 --> 01:42:54,300 sold for profit 2205 01:42:51,960 --> 01:42:58,340 we've been at a place where people 2206 01:42:54,300 --> 01:43:01,380 routinely died on the job and over time 2207 01:42:58,340 --> 01:43:04,260 movements of ordinary people have broken 2208 01:43:01,380 --> 01:43:06,600 the chains and have held corporations 2209 01:43:04,260 --> 01:43:09,179 and powerful people accountable and 2210 01:43:06,600 --> 01:43:11,400 change the rules so that more people can 2211 01:43:09,179 --> 01:43:13,440 flourish and feel truly free 2212 01:43:11,399 --> 01:43:16,079 I think we are in the midst of another 2213 01:43:13,439 --> 01:43:18,779 one of those movements right now where a 2214 01:43:16,079 --> 01:43:22,399 lot of people all across the world are 2215 01:43:18,779 --> 01:43:22,399 saying enough is enough 150141

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