| ....Clinton's labor 
secretary: 
Financial capitalism has taken over from real 
capitalism. Financial capitalism is taking over 
from product and services, from people that actually produce goods and 
services. And that has distorted our entire system. When so much money 
and so much income are at the top—and by the way, the 400 richest Americans right now have more wealth 
than the bottom 150 million Americans put together. When you get that 
much income and wealth at the top, inevitably some people at the top—not all people at the 
top, but some of them—are going to abuse their 
income and wealth and corrupt the political system. I don’t want to 
mention names, like Charles and David Koch; that would not be nice of me; that 
would not be fair. But they, each of them worth $25 billion—each of them worth 
$25 billion, what they are doing is using a chunk of their fortune to pollute 
and corrupt American democracy. And why are they doing that? Because they want 
to entrench themselves. They make petrochemicals, they want to stop the 
environmental movement; they want to create doubts about whether there is, in 
fact, climate change. They want to cut the budget; they don’t want taxes to be 
raised; they and other people at the top are using their political muscle to 
entrench their power and privilege, and we cannot allow that in America. 
[applause] 
_________________________________________________ 
Just 
in case you skeptics resist the point, Reich isn't seeking that awful-sounding 
"redistribution of wealth" that some politicians   these days like to throw 
around to frighten us into a renewal of anti-communist hysteria; he's talking 
about quite the opposite--the vast accumulation of wealth by a handful of 
financial privateers and corrupt businessmen at 
our expense. 
I 
have difficulty accepting how some of us still don't get it, how some of us will 
continue to vote  against our own best interests.  It has more to do with the 
suspension of common sense than with common sense.   
Blindness 
to reality, the result of  the unwillingness to shake off  entrenched loyalties, 
has never been more a danger to this country than it is today. 
thanks to David A. Tree | 
Tuesday, November 22, 2011
Insightful comments from Robert Reich
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