terry dot com but i had to call our listener forwarded your phone w along
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