and i just about everything

philosophical property vision and primarily

later advocate of government solutions are making government bigger

and what that does is that protect people

the money or the corruption goes to where the powers

and when government has power it's no surprise that we have all this

the billions of dollars being spent on idled by lobbyists and as more lobbyists

in washington state and during the bush administration

yes and and as a result we have copter julia pro-russian where the politically

connected interest get the money and the preparatory tree favorable regulatory

and them but maybe i am a treatment at a hearing yen now i am not just billy bob

another screen with it all out let me just ask you a question

gift

you are right

that where the money is there is power and where the power as they were all

inevitably be corruption

how are you going to stop

corruption

within the largest corporations in america

you make them uh... accountable to consumer preferences in business

purposes rather than political clout

uh... but if they have monopolies they aren't interested to hear about consumer

interests or political interests you know in france

everybody

pretty much every body in france for less than forty dollars a month has

hundred method

uh... broadband

has over a hundred channels of television

and can call any denny way a unlimited telephone calls

on their cell phone or their home phone

so over thirty countries in europe white because the french government intervene

in the marketplace and said whoever owns the wire or whoever owns the the uh...

the g_-three line

three-stage restrict anybody else from karen content over at heather words the

forced competition as he got hundreds of small companies in france competing

for the broadband business

for the t_v_ business for the phone business and that's why the average

american spends over three hundred dollars a month for the french get for

over forty and the french companies are all profitable by the way

so the question again monopoly the essence of upa lee is to destroy

competition

that's why companies for monopolies as weather street companies that own more

than eighty percent of our agriculture

in the united states are they did the growth technical training in gray never

called me that that

on the seven companies the control most americans you've got five companies

now they control more than eighty percent of our media you've got uh...

the uh... three companies they control most of our manufacturing base large

main fascia we have three or four companies to control most of the

computer business visit beyond im go

and what these them the the mandate of these companies is to prevent

competition the banks we went from from the big and banks down the big six banks

now

they're too big to fail

how do you prevent them from being corrupt

personal if you don't in america about quick

scenarios bought you got a look at propping up the question two parts first

of all

the way they became a monopoly was to be it was facilitated by government because

these guys have all the money so they go to government makes it look to provide

us with favorable regulatory regime air regulations always benefit the big guy

but look at it doesn't have the wherewithal to handle these regulations

so that the first step in creating about that it's there that is actually very

options that is very actually very often true when you find is that there

basically to gaza regulations and the majority of regulations on the books

by the kind that you described

where lobbyists have gone to government you know the the classic example is the

guy he used to work a double it was monsanto

uh... when they develop genetically modified products during the bush in the

uh... drawer urge herbert walker bush administration went to work for the

u_s_d_a_ wrote the regulations to regulate those so that basically only

monsanto could get into business and then left the u_s_d_a_ and went back to

my sent or men went back to lobbying from the word from on senator and that

happens over over over here do we need to put a stop to that but how do you put

a stop to that

i can i just don't you get the government facilitate this

it's so how do you stop the government of doing that

moderate sergeant scope of government

you don't do you want to give them more power and you can't beat up by kevin or

more power

what i could get one stocks the government from being corrupted by

monopolies who were more women cover on hand

and and get laws passed their benefit only the monopolies

what you're trying to do it time to give you a secret

devoured her audience you take the money and the power of the hands of the

government never start back to main street that the people bob that sounds

really really nice so you and i are going to uh... decide what the

regulation should be a budget item on a flight organisms

what we decided to consumer preferences every single day we carry our ability to

put it in a store we get the pope action actually don't

actually don't bob to you when you walked through that store and most of

the products that store are made by fewer than fifty companies

andrea white which is step was why because and i and i'm telling you that

if you want to know if you want if you want if you do not want to have the

novel in the united states

the only solution only way to prevent monopoly in this is

this is like capitalism one oh one this is

just adam smith his whole argument

that that the phrase the invisible hand that he was talking about

was was an argument in favor of government preventing monopolies

add to go back and read

wealth of nations seventeen seventy six

and it has is held true all the way up until today if u want to prevent

monopolies you have to do a teddy roosevelt did back in the nineteen teens

we broached irrelevant twenty nine companies what what richard nixon jimmy

carter did when they broke a t_n_t_ opinion nine companies what would a what

stopped in nineteen eighty two

in nineteen eighty-two ronald reagan said we're no longer going to enforce

the sherman antitrust act

it stated that on the books that when a hundred and one years he said we are

going to enforce that law and what do we get we got michael milken leah mergers

acquisitions mania we had we had all these guys becoming multi-billion airs

and hundreds of thousands millions of people losing their jobs

hundreds of smaller companies got bought out by one company which no longer

needed a hundred bookie personally art nine item no longer needed now you know

hundreds of middle managers only dot any item

we came we

the corporate america became a little more efficient

america as a nation and the working class america

became a whole lot less efficient and that's because governments stopped doing

its job of protecting us

from big corporations and here's his here's the is the fall on your logic bob

and you pointed out

the for the flaw in the logic of anybody who says big government is wonderful i'm

not saying that i've ever said that uh... but the flight airline ticket

is that the only countervailing power

to organize capital

is organized people

and i can take one of two forms he can either take the form of an organized

educated populace as thomas jefferson talked about which is called a

government the united states of america

or he can take the play it could take the form of a democracy within the

workplace

which is called a union

they're out there i i don't know other ways that you can balance the power of

organized capital

deal

in a little bit what's what sir i don't know hero pulpit was incomplete

every time we've had laws against monopolies in this country

those products and services oppose suppose monopolies were provided that

they're going down all three years

away but they took ran a monopoly is an unsustainable model

first of all the company that will accept son market

or over port-au-prince it or handicaps are still at the kind of thought prices

tell that to microsoft

uh... food replicated cuban government chart show

of managing what i'm saying is that crazy that we the people

that our government is ask first of all

and or should be it if it's not when you take a back when you take a back by

reversing some supreme court decisions and said that

our government to me by the sold by corporations and rich people

but our government is which should be any his office

any of our government is honest its first job

is to provide for the general welfare and in domestic tranquility obviously

protect their borders and things like that

you know that this is the six things there laid out the preamble the

constitution and then later restated individually in how to do that

if our government is ours

it has to protect us from the predators

and the predators now are these large transnational corporations

they don't give our rats between the about u or me or anything else in

america

general electric last year made fifty three fifty seven percent of profit

offshore they made billions they paid zero in taxes and yet they use their

police departments they use their fire departments they use their

infrastructure the used their public education system they used to all they

use their court systems they use their finances than they used all those things

the u_n_ i pay taxes for that comments that you and i created

use that and they didn't pay a damp any ford and you're telling me that that's

an ok thing i'm telling you that the only power they can take on general

electric the only power they can take on microsoft he only power they can take on

exxon mobil which paid no taxes made the hundreds of billions of dollars in

profits integrally pino back taxes they had a four hundred twenty million dollar

tax refund he only power they can take them on

he's organized people which is what jefferson and madison and hamilton and

and and franklin in washington put together and it's called our government

pennies to work for us i think i met you and i agree

no we don't agree definitely not i don't think i government you work for us but i

think you're creating a park telemark

like if i were the people that are forty rebecca what prepared microsoft refused

the flip-flop called them cut about about five o'clock p_m_ that lockbox

goodluck chanel