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http://www.youtube.com/watch?v=UGL-Ex1CD1c&feature=colike
I think most were hesitant to believe anything this guy had to say because of the fact that he is of the 1%, but there are some good points brought up. This guy is not your typical 1%er. As early as 2004, he was on the news warning people of what was to come while other economists/news anchors laughed at him.
Reason is funded by the Kochs
Submitted by cryptomnesiac on
Reason is funded by the Kochs. Along with the American Spectator, "think tanks" like the Cato Institute, and zombie "advocacy" groups like Americans for Prosperity -- plus countless others -- it's a front for their self-serving ideology.
As Adam Curtis pointed out in The Trap (IIRC), think tanks were once just that: they were developed for finding novel solutions to problems. Later, with neoconservativism, they became a means to distill a predetermined message into something that only seemed new, but was in fact the same old socio-economically-stratifying crap.
That's 1% propaganda top-down.
Mike C.
Buffalo Beast - Twitter - Facebook
That's 1% propaganda top-down
Submitted by Mahayana on
That's 1% propaganda top-down.
You think so, even though most 1%ers disagree with this guy?
Why did Peter Schiff make the effort to warn people about the economic collapse prior to 2008 if he was a typical 1%er scumbag? You'd think he wouldn't give a crap and just be busy profiting off what he knew.
Thanks for responding Mike, I'll look into some of the info you listed.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves - in their separate, and individual capacities. -Abe
He's defending the vague,
Submitted by cryptomnesiac on
He's defending the vague, abstract comic book version of laissez-faire capitalism, which is generally what neoconservatives -- and neocons calling themselves libertarians -- tend to do. It doesn't mean it's what they practice. The Kochs have been at the government teet more than once, and from more than one government. Charles Koch even talked up Social Security and Medicare to get their ideological mouth-breather, Hayek, to come to the US, and give up Austria's sweet universal health plan. Yet one of the Kochs' biggest goals has been destroying such programs for the rest of us. They spend tons of money on lobbying, manipulating the public, pressuring their employees to vote according to their views, and so on.
What's important to them is that WE wind up believing that bullshit about capitalism, so we'll keep happily digging our own graves, and not blame them for their deliberate undermining of democracy.
Mike C.
Buffalo Beast - Twitter - Facebook
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