WEBVTT

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All the blue

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In Borneo in the 1950s the Diak people had

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malaria and the World Health Organization

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had a solution they would
spray DDT all over which

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they did and it seemed to work it killed
the mosquitoes so the malaria decline.

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So far so good but there were

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unexpected side effects for example the
rooves of people\'s houses started to fall

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down on their heads because it seems the DDT
had also killed tiny little parasitic wasps.

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Which had previously controlled
that cheating caterpillars.

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Which without the wasp proliferated
and munched up the roof thatching.

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Meanwhile the DDT poisoned bugs

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were getting eaten by little
lizard-like things called geckos which

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are eaten by cats and the DDT built
up in the food chain and killed

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cats but without the catch

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the rats flourished and multiplied

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and soon the World Health
Organization was threatened with

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potential outbreaks of typhus and plague
which it had itself created and it

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was thereby obliged to parachute
14 thousand live cats into Borneo.

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Operation kept drop courtesy of the
British Royal Air Force making this

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up this really did happen
we told this story at 1.

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I believe it was on 60 Minutes And

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they\'re Fact Checker came back and said
Now come on you really are kidding.

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And somebody called up the historian
at the World Health Organization.

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Who said Yep we did it Amory Lovins

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bizarre but true story
about cats and rats and

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parasitic wasps really speaks
about unintended consequences.

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About how making one little
change over here can trigger

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a mad cascade of events that
nobody could have predicted.

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Hello I\'m Dez Kennedy and this
is a program about economics.

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A topic that makes most
of us go glassy eyed as

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soon as it\'s mentioned Most
of us economists or is

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incomprehensible as astrophysicists
floating debentures commodity price indexes

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who knows who cares.

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One thing we do know is that

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our economic system isn\'t working the way
economists tell us it\'s supposed to.

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Yes the economy\'s booming banks
are making record profits

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corporate CEOs are pocketing a hundreds of
millions of dollars per year but where\'s

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the great trickle-down effect in the
wealthiest nations millions of kids go to

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bed hungry every night Meanwhile developing
nations stagger under crippling debt.

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This economic system is like
spraying for mosquitoes and

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ending up with rats Let\'s
start with the basics.

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What the hell is economics anyway

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my dictionary says the word comes
from the Greek roots meaning

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household management but how
does my little household or

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yours relate to the fantastic machinations
of the global corporate elite.

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We have literally hundreds and
hundreds of economic concepts

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of ways to think about how to make
our activity more productive.

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How to get more output for less input

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and and economists talk

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really in but three or four concepts
you know like free trade you know.

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Let\'s not go too deeply
in debt lands pay off

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the deficit And inflation should
be kept in control like they\'re

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talking about three or four
very elementary concepts

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and there are a hundreds and hundreds of ones
and which are ignored and I think this is

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the really interesting thing that has

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happened to a debate in our society is
that economists get to pronounce on

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what government can do and
they\'re not using a tenth of

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a percent of the concepts that are
available in their own discipline

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which they claim to be master so
we\'ve created an economic system in

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a social system and an
infrastructure that is

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dependent on Our not paying attention

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to closely because if we do

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we realized the disjuncture between the
way we\'re living in what we say we value.

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Well there\'s a very strange
thing that goes on it\'s

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a contradiction that we\'ve been
taught not to be concerned about

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economics and it\'s portrayed
as if it\'s something

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very distant and impossible
for us normal people to

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understand and that in effect
excludes people from any kind of

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democratic process where they might
actually demand a seat at the table.

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Another way of thinking about the
economy particularly as our economy

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works is it\'s a system of power by which

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the world\'s resources and
wealth are Allocated

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and relocated to serve certain
interests at the expense of

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others if as David court
and says Economics is

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a system of power it makes sense
to ask who\'s got the power.

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How did they get it what
are they doing with it

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and should they be allowed
to keep it back when

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economists we\'re constructing
the the analytical framework

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the theoretical framework of
economic theory they had to choose.

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They had to decide what will be the
defining economic unit and they\'re

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basically two choices one is the
household and the other is the firm

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Could have chosen either one of those
to build a system of economics but

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in fact they chose the
firm the household is

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focused on the well-being of
all its members the firm is

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focused on the profit the
profit of the owner to

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the exclusion of the community
interests or even the interests of

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its own workers in focusing
on this issue of how

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capital gets invested people are
asking one who\'s sitting at the table.

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Isn\'t a monocrop Is it
just old rich white males

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corporate chieftains bankers
et cetera and the PhD

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economists in their employ
at the World Bank and

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the International Monetary Fund
or is it Diversity of humanity.

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Women peasants small farmers
trade unions environmentalists

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internationalists Solidarity activists
and the second question that\'s

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being asked is what are the
values what are the value it

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isn\'t just money is that what it
is the love of money the economy

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has been hijacked by a small hand of

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very wealthy very powerful corporations
politicians media giants and technocrats.

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Who are benefiting from it pulled up and

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control by these international institutions
And having left most of the world

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behind there now scrambling and

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saying oh globalization is not the
problem its it\'s just that it

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hasn\'t reached everybody
yet but don\'t worry

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the trickle-down theory is is
going to go to happen soon soon.

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Everybody will have Nike running
shoes and a desk computer

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and so on everybody will have that real soon
just weight the trickle-down theory that

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promises that the vast amounts
of wealth being accumulated

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in corporate boardrooms will
eventually trickle down into

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your kitchen and mine empowering us
as mod says to run out and buy things

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the implicit assumption is that
purchasing stuff will bring us

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happiness that wealth
Happiness and fulfillment.

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Are inseparable from money.

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Think about when you were a child if you\'re

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an adult and what how you spend
your leisure time how you played.

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Where you played what your activities
were my guess is that for most of

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us we didn\'t have to go to our parents to

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ask for a chunk cash every
time we had a free afternoon.

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We\'ve changed from having this notion

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that there were certain things
you traded and certain things

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you bought and sold that belong
to the economic realm and there

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are other areas that belong to Life.

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Culture and social programs
in human rights and so

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on that\'s all changed in the new economic
order absolutely everything is for

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sale and we\'re creating a culture
of fascination with celebrity

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with extreme wealth with extravagance.

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That has even very very
poor children children from

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low-income households tracking the
activities of very wealthy people

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the notion that everything is on to be

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put on the market that everything
has to be privatized and

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commodified is absolutely fundamental to

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the new definition of the economy which no
longer belongs to you and I which which

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now belongs to those who have the
power to dictate how it will

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operate And a modern society
almost everything we do

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from eating to entertainment
depends on having money

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so we\'d become so focused
on the money that we forget

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that it is simply a number
which is created out of

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nothing which has value only
because by social convention we

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all are conditioned or agree
to accept it and return for

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things of real wealth like our labor
or if we have lands or shelter.

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Of various kinds of real resources and

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forgetting that distinction we then
get distracted and don\'t realize

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what power the system gives to
those people who are able to

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create money Nothing and decide how
it will be allocated in society.

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Now there\'s a refreshing notion that wealth
is not necessarily the same thing as money.

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However our economy is measured in

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dollar signs and numbers the
unfathomable statistics of

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the gross national product or gross domestic
product all based on money changing hands

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a bullish economy is one in which money
is flying from place to place at

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an accelerated rate this basic
economic assumption is being

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challenged by a lot of people one
of them is Joanne cartoonists that

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California is redefining
progress Research Institute She

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asks what about all the work being
done in society things like caring for

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children and elderly parents that isn\'t
paid for and isn\'t counted by economists.

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If we gave value to that invaluable
work how would our vision of

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the economy shift we did some work in
1995 and we\'ve done it annually since.

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Using an indicator that we refer to as the
genuine progress indicator and we start with

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the basic numbers of the
GDP and discount the GDP

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for those expenditures
those activities where

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money changes hands Where we just
assume not be spending that money if

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I go in a bar and I ordered ten
beers and drink them all down knows

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that money for that ten beers as a
positive contribution in GNP drunk

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I get my car I go and I smash into

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a family and a car and they
were all maimed and require

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millions of dollars a healthcare that

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millions of dollars on health care
as a positive contribution to GNP.

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The emergency vehicles that come clean
up the mess the money to put me

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in jail hopefully that all is

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a positive contribution
GNP Under the system of

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economic growth measuring that is currently
in force there is no negative numbers.

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There\'s no subtracting
well we know that\'s not

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the natural world in a natural world
there\'s always a price to pay

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nature bats last you throw

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some toxic sludge and the stream here
it\'s going to hurt something downstream.

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Part of what we\'ve tried to show with
the GPI for years is that we have

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really skewed values and
we have an economy that

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is growing in part because we\'re making

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expenditures that aren\'t in the
interests of well-being and that

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aren\'t in the interests
of all people and we need

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to turn that around we really
need to be thinking again about

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The economy becomes a tool
for improving the well-being

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the quality of life for everyone within
the capacity that nature provides.

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So we subtract things like the cost of
computing the costs of crime household crime

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and then we also add in things that

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the economy doesn\'t count but that
are important contributors to

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the quality of life that we all have and

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enjoy things like the value of
work that\'s done in the home.

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Things like the value of
volunteer services in

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our communities So basically
it\'s an adjustment of the GDP.

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Both up and down based
on those things that are

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providing benefits to us and those
things that are diminishing

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our well-being we will only change

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the definition of the economy by taking
back the economy claiming it back

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in very different and unique ways
and how that\'s going to happen

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it is going to happen in myriads of waves
because there isn\'t any one dominant.

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Answer that anybody\'s gonna except
now we\'re getting into the heart of

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why control of the economy is crucial
to living in a true democracy.

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Whoever controls the economic
leavers gets to decide what kind of

00:14:23.410 --> 00:14:28.744
society we\'re going to have
And ultimately how each of us

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will think about and live
our lives the issue of

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democracy and democratizing the
economy has now been raised and you

00:14:38.540 --> 00:14:39.829
can see that in three areas

00:14:39.830 --> 00:14:42.708
the corporate accountability
movement which is struggling against

00:14:42.709 --> 00:14:46.429
the individual corporations
Nike sweatshops oil company

00:14:46.430 --> 00:14:48.499
pillaging of Native American lands

00:14:48.500 --> 00:14:53.298
all these kind of issues a movement to change
the rules of the global economy focused

00:14:53.299 --> 00:14:55.699
on the World Trade
Organization World Bank IMF

00:14:55.700 --> 00:14:58.278
the global rulemakers and
a third movement that I

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think doesn\'t even understand itself
to be a movement yet and that\'s

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the alternative economic institutions Fair
trade networks that local currency movements

00:15:06.890 --> 00:15:08.898
the micro enterprise lending like

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the Grameen Bank in Bangladesh
they\'re now over 2 thousand of

00:15:12.529 --> 00:15:15.679
those micro enterprise
lending organizations all of

00:15:15.680 --> 00:15:21.119
those different movements are about
getting democratic control over capital.

00:15:22.600 --> 00:15:25.939
Where we are now is the corner of Main and

00:15:25.940 --> 00:15:29.224
Hastings which is the
center of poverty in Canada

00:15:29.225 --> 00:15:32.178
the downtown east side where
we are in the middle a hub is

00:15:32.179 --> 00:15:38.268
the poorest community in the country
eighty-five percent unemployment.

00:15:38.269 --> 00:15:42.108
We\'re told it\'s the drug and
alcohol calorie counter

00:15:42.109 --> 00:15:48.228
the prostitution Capital of Canada and
I believe that all of that is true on

00:15:48.229 --> 00:15:51.453
the other hand we have massive
amounts of people here with

00:15:51.454 --> 00:15:55.609
unbelievable talents and abilities
that have been kept in a state of

00:15:55.610 --> 00:15:59.208
poverty and what we\'re trying to do
through the institution were standing and

00:15:59.209 --> 00:16:03.664
four corners community savings
which I\'m Chair and CEO of

00:16:03.665 --> 00:16:05.778
this using the abilities
that we have through

00:16:05.779 --> 00:16:10.728
government and community partnerships and
try to leverage people who have been

00:16:10.729 --> 00:16:14.628
very much left out of the economic
equation into that equation and

00:16:14.629 --> 00:16:18.049
that they become producers
and people who are also

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rewarded by their efforts we took over

00:16:21.819 --> 00:16:24.708
an abandoned Bank of Montreal
here several years ago

00:16:24.709 --> 00:16:28.849
four years ago And sat in here
in the dark no heat no light.

00:16:28.850 --> 00:16:31.938
Nothing and people here
drafted legislation to

00:16:31.939 --> 00:16:35.778
allow us to set up a new entity
that really was developed and

00:16:35.779 --> 00:16:37.668
designed by the people
in the neighborhood here

00:16:37.669 --> 00:16:39.889
for their needs and the
needs of the staff that

00:16:39.890 --> 00:16:44.209
were coming on board this is going

00:16:44.210 --> 00:16:48.019
to be the economic engine in this
community that lends out that

00:16:48.020 --> 00:16:52.579
allows non-profit organizations
to purchase hotels and run

00:16:52.580 --> 00:16:54.949
them properly and safely for people build

00:16:54.950 --> 00:16:58.099
social housing and we\'re getting
closer to these goals every

00:16:58.100 --> 00:17:02.298
day we also developed a four corners

00:17:02.299 --> 00:17:06.739
Community Development Society which
developed a $7 million housing project.

00:17:06.740 --> 00:17:11.269
Next door For people in the developer
owner was a woman who was on

00:17:11.270 --> 00:17:15.979
welfare for 15 years so
what can we do down here

00:17:15.980 --> 00:17:20.719
anything if we have the opportunity to
allow people to flourish and bloom to

00:17:20.720 --> 00:17:23.659
the processes of developing

00:17:23.660 --> 00:17:27.604
housing developing banks whatever I call
it the architecture of opportunity.

00:17:27.605 --> 00:17:30.874
Not building a bank or building
a whole lot of people who have

00:17:30.875 --> 00:17:35.519
much better chance of changing the world
than they did before we came on board.

00:17:38.530 --> 00:17:43.624
Most people have grown up in a society
where they actually experienced.

00:17:43.625 --> 00:17:47.508
Economic growth that was
relatively evenly distributed

00:17:47.509 --> 00:17:51.453
throughout the society and that
the fact that it is Now more

00:17:51.454 --> 00:17:54.888
inequitably distributed is is
fairly new social scientists

00:17:54.889 --> 00:17:58.683
and economists are just starting to tweak
to it and the population is not so

00:17:58.684 --> 00:18:02.328
Myer I believe it discussions on growth

00:18:02.329 --> 00:18:06.199
have to now bring that fact to the
four that we need to say this is

00:18:06.200 --> 00:18:10.638
an illusion that you will receive you
at the ordinary person will receive

00:18:10.639 --> 00:18:15.273
any benefits from it periodically are
elected governments present to us

00:18:15.274 --> 00:18:17.539
a budget that suppose that the tells us

00:18:17.540 --> 00:18:21.348
how much money they have to run the
country and how that money\'s going to

00:18:21.349 --> 00:18:25.069
be spent you and I don\'t
have any real input into

00:18:25.070 --> 00:18:30.889
government budgets the people we do
that for us but what if we did For

00:18:30.890 --> 00:18:35.688
several years now the Institute for
Policy alternatives in Ottawa has devised

00:18:35.689 --> 00:18:41.059
another alternative budget presented
at the same time as the real budget

00:18:41.060 --> 00:18:44.629
Bruce Campbell tells us how
this alternative budget is

00:18:44.630 --> 00:18:51.319
different budgets are about choices there
are political documents they they they

00:18:51.320 --> 00:18:54.228
they stem from a set of priorities and

00:18:54.229 --> 00:18:57.498
values and at the kind of
choices that you make are

00:18:57.499 --> 00:19:00.288
a function of your priorities
and values and that

00:19:00.289 --> 00:19:04.503
the kinds of choices that the
that the government was making.

00:19:04.504 --> 00:19:07.818
Were a function of its
priorities and values but

00:19:07.819 --> 00:19:11.029
we would do it differently it
is determined for instance by

00:19:11.030 --> 00:19:13.968
the Bank of Canada We will have X number of

00:19:13.969 --> 00:19:16.938
people unemployed each year
in order to keep inflation

00:19:16.939 --> 00:19:23.358
down order to adjust interest rates will
say okay we\'re going to 10% or 8% is.

00:19:23.359 --> 00:19:26.838
OK we can live without an order to get
other things so we\'ve consciously

00:19:26.839 --> 00:19:30.919
said that 10% of our citizens
will be in a state of poverty.

00:19:30.920 --> 00:19:33.258
So it is public policy.

00:19:33.259 --> 00:19:37.380
More than anything else
that creates poverty.

00:19:38.380 --> 00:19:43.278
What we wanted to do in the
alternative budget was to say

00:19:43.279 --> 00:19:48.769
yes we can\'t indefinitely keep
accumulating deficits and

00:19:48.770 --> 00:19:52.578
debts but that there were ways to go about

00:19:52.579 --> 00:19:57.978
it which did not Sacrificing our
social programs and you could do it in

00:19:57.979 --> 00:20:01.518
such a way as to not kind
of put the burden on

00:20:01.519 --> 00:20:06.948
those most vulnerable sectors of our
society it was it was also an exercise in

00:20:06.949 --> 00:20:11.269
demystifying economics
and specifically budgets

00:20:11.270 --> 00:20:14.689
because people have have
tended to think that they are

00:20:14.690 --> 00:20:18.919
these very complex documents that they are

00:20:18.920 --> 00:20:24.229
beyond the knowledge and understanding
of ordinary lay people and we

00:20:24.230 --> 00:20:27.378
wanted to kind of shoot holes in in

00:20:27.379 --> 00:20:33.364
those in that mythology as well you
know it\'s not economics it has to be

00:20:33.365 --> 00:20:39.379
reinvented it A government
role in distorting

00:20:39.380 --> 00:20:46.384
economics has to be ended and a
classic case of that is with oil.

00:20:46.385 --> 00:20:48.483
Okay. And in fact.

00:20:48.484 --> 00:20:53.658
I would say with oil or with anything else
you want to take a look at that there is not

00:20:53.659 --> 00:20:57.349
one environmentally harmful
socially harmful practice

00:20:57.350 --> 00:21:01.623
that could last more than five years
without massive government subsidy.

00:21:01.624 --> 00:21:07.009
Not one we have to get those governments
back we have to take back the agenda.

00:21:07.010 --> 00:21:09.649
We have to take back democracy
we have to take back

00:21:09.650 --> 00:21:13.039
universality in this country we
have to take back the notion that

00:21:13.040 --> 00:21:15.799
the economy serves us and our neighbors and

00:21:15.800 --> 00:21:18.903
our small farms and our
communities And our children

00:21:18.904 --> 00:21:22.038
that those are fundamental
rights their economic and social

00:21:22.039 --> 00:21:25.398
rights that go hand in
hand and that the economy.

00:21:25.399 --> 00:21:29.029
Whatever that is does not belong

00:21:29.030 --> 00:21:33.408
to the powerful anymore than they should be
able to say every single fish in the ocean

00:21:33.409 --> 00:21:37.729
belongs to them or every tree in the
forest belongs to them gotta come

00:21:37.730 --> 00:21:42.888
to an end that notion that you can buy
whatever you want has got to come to an end.

00:21:42.889 --> 00:21:48.379
Through the ages one of the privileges
of aristocracy was that it could be

00:21:48.380 --> 00:21:54.949
largely shielded from the poor If the
people have no bread let them eat cake.

00:21:54.950 --> 00:21:58.999
Today boardroom plutocratic
can similarly choose to

00:21:59.000 --> 00:22:04.518
ignore the unseemly spectacle
of the poor getting poorer.

00:22:04.519 --> 00:22:09.709
No not too long ago our ancestors
decided that monarchy was not

00:22:09.710 --> 00:22:15.439
a really very good way to
organize society and that we

00:22:15.440 --> 00:22:20.269
needed forms of organizing society
more consistent with their ideals

00:22:20.270 --> 00:22:26.854
of human freedom and so they did away
with the institution of the monarchy.

00:22:26.855 --> 00:22:32.629
Now we face a similar challenge in our
generation to do away with the institution of

00:22:32.630 --> 00:22:38.389
the Publicly traded Limited Liability
Corporation which is the modern equivalent.

00:22:38.390 --> 00:22:41.389
It\'s not that everybody
gets corrupted by power

00:22:41.390 --> 00:22:44.688
but just about everybody
gets cropped up my power and

00:22:44.689 --> 00:22:47.479
my experience and you start to read

00:22:47.480 --> 00:22:51.078
your own press and you start to think
you\'re pretty important and you start to

00:22:51.079 --> 00:22:54.348
just not have to notice
the bore you don\'t quite

00:22:54.349 --> 00:22:57.964
have to notice environmental
degradation because you travel and

00:22:57.965 --> 00:23:02.539
government Beautiful government or
corporate jets and you\'re picked up with

00:23:02.540 --> 00:23:05.659
beautiful limousines air conditioned
limousines and take into

00:23:05.660 --> 00:23:09.123
five-star hotels and it doesn\'t
matter if the entire rest of this.

00:23:09.124 --> 00:23:11.868
Developing country city Is

00:23:11.869 --> 00:23:15.859
a Islam it doesn\'t matter you don\'t have to
see it because you\'re part of that elite.

00:23:15.860 --> 00:23:19.218
More and more I think that
people who go into politics and

00:23:19.219 --> 00:23:22.848
particularly into big
business are cocooned off

00:23:22.849 --> 00:23:26.688
from the world I call it the new
global elite and I would say

00:23:26.689 --> 00:23:30.648
that chunk that CM Paul Martin and
these folks have more in common

00:23:30.649 --> 00:23:34.549
with their corporate and political and
media counterparts around the world than

00:23:34.550 --> 00:23:38.749
they do with the people from their
own society it\'s corruption.

00:23:38.750 --> 00:23:41.709
It\'s it\'s oligarchy it\'s plutocracy as

00:23:41.710 --> 00:23:47.719
campaign finance reform it\'s the fact that we
have a world described by corporations and

00:23:47.720 --> 00:23:49.879
that oddly enough the corporations

00:23:49.880 --> 00:23:52.998
benefit from change and they\'re doing
everything they can to prevent it

00:23:52.999 --> 00:23:56.259
from happening And this is the
irony that we have to deal

00:23:56.260 --> 00:23:59.709
with and address directly
the $1.5 trillion transfer

00:23:59.710 --> 00:24:02.998
payment every year to wealthy
people in corporations for

00:24:02.999 --> 00:24:06.998
middle-class and pro taxpayers
in order to subsidize a system

00:24:06.999 --> 00:24:10.988
that is basically marginalizing the
environment and people we have

00:24:10.989 --> 00:24:15.818
huge blind spots in the economic
assumptions that we\'re operating

00:24:15.819 --> 00:24:19.568
under and nature is
trying to tell us that we

00:24:19.569 --> 00:24:23.663
better try to figure out how
our economy meshes with

00:24:23.664 --> 00:24:27.189
natural systems and hopefully
we\'ll do that before we\'ve

00:24:27.190 --> 00:24:32.603
so damaged the natural system on
which this whole economy depends.

00:24:32.604 --> 00:24:37.489
We know that natural systems are
finite So it\'s reasonable to

00:24:37.490 --> 00:24:42.273
ask Can an economic system
based on unlimited growth.

00:24:42.274 --> 00:24:45.379
Continue expanding indefinitely in

00:24:45.380 --> 00:24:50.989
a finite world if not can we reroute
this runaway bus before it\'s

00:24:50.990 --> 00:24:55.368
too late and if we can reroute
it where to what sort of

00:24:55.369 --> 00:25:00.303
Economics makes more sense capitalism.

00:25:00.304 --> 00:25:03.858
You could say is an
aberration not because it\'s

00:25:03.859 --> 00:25:09.019
capitalistic the greatest known system
for the creation of wealth ever.

00:25:09.020 --> 00:25:12.169
But rather because it is violating

00:25:12.170 --> 00:25:18.918
its own internal logic by liquidating by
not valuing the forms of capital That

00:25:18.919 --> 00:25:22.789
arguably are the most important
and those are the natural and

00:25:22.790 --> 00:25:26.688
the human capital the first
Industrial Revolution made people a

00:25:26.689 --> 00:25:29.959
100 times more productive and
that made sense at a time when

00:25:29.960 --> 00:25:33.409
the relative scarcity of people
was limiting progress in

00:25:33.410 --> 00:25:37.039
exploiting seemingly boundless
nature but today we have

00:25:37.040 --> 00:25:41.209
a different pattern of scarcity we
have abundant people and scarce nature

00:25:41.210 --> 00:25:45.438
The economic logic of economizing on
your scarcest resource remains the

00:25:45.439 --> 00:25:48.078
same but the change
pattern of scarcity means

00:25:48.079 --> 00:25:50.853
that now well we ought to be
economizing on his nature.

00:25:50.854 --> 00:25:53.869
Not people now what is natural capital.

00:25:53.870 --> 00:25:57.229
It is the resources that we extract from

00:25:57.230 --> 00:26:00.978
the planet but it\'s a lot more
than that it\'s things like

00:26:00.979 --> 00:26:07.383
climatic stability the ability of
the planet to detoxify our wastes

00:26:07.384 --> 00:26:15.214
bees the little pollinators imagine hand
pollinating all of agriculture bees are dying.

00:26:15.215 --> 00:26:17.494
We don\'t quite know why.

00:26:17.495 --> 00:26:20.658
But life without them will be fairly grim.

00:26:20.659 --> 00:26:25.234
The climate is becoming less
stable These are losses of

00:26:25.235 --> 00:26:30.679
ecosystem services the natural capital
that life on the planet depends

00:26:30.680 --> 00:26:35.644
on some estimates have been
made trying to put a value to

00:26:35.645 --> 00:26:38.944
the economic value of this natural capital

00:26:38.945 --> 00:26:42.904
and it comes to tens of
trillions of dollars of worth.

00:26:42.905 --> 00:26:48.708
Each year. Roughly the same as the
size of the economy that is counted.

00:26:48.709 --> 00:26:51.723
But none of this appears on
anybody\'s balance sheet.

00:26:51.724 --> 00:26:56.328
Some really amazing and radical things
happen and then you get this shift in

00:26:56.329 --> 00:27:01.248
this emphasis on human productivity
to 100 resource productivity You

00:27:01.249 --> 00:27:05.058
began to restore and
replenish and replace what

00:27:05.059 --> 00:27:09.018
is the limiting factor as opposed to
use it up so you begin to restore

00:27:09.019 --> 00:27:17.019
natural capital living systems forests
oceans and then find that you create

00:27:17.045 --> 00:27:20.838
in few well an economic
business strategy that

00:27:20.839 --> 00:27:25.383
allows you to provide the
services that people need warmth.

00:27:25.384 --> 00:27:30.409
Education health care housing clothing.

00:27:30.410 --> 00:27:35.448
Good nourishment food in such
a way that they benefit and

00:27:35.449 --> 00:27:40.549
prosper as does the sources
of those services which

00:27:40.550 --> 00:27:43.593
is living systems that\'s what
natural capitalism About

00:27:43.594 --> 00:27:47.628
oddly enough it turns out to be a
very powerful solution statement is

00:27:47.629 --> 00:27:51.199
probably in my opinion

00:27:51.200 --> 00:27:59.059
the most powerful solution statement that
has ever come out from environmentalists.

00:27:59.060 --> 00:28:03.678
About what we can do as
opposed to what\'s going

00:28:03.679 --> 00:28:07.714
wrong we need really to to change the
way we do business in four ways.

00:28:07.715 --> 00:28:10.444
The first is to ring a lot more work

00:28:10.445 --> 00:28:14.058
even ten or a 100 times
more work out of each unit

00:28:14.059 --> 00:28:18.033
of energy water minerals and
other resources that we use

00:28:18.034 --> 00:28:20.929
and through new methods
of integrative design

00:28:20.930 --> 00:28:23.704
and new technologies this
is actually very profitable

00:28:23.705 --> 00:28:29.943
to do right now Even when the resources
were saving are undervalued.

00:28:29.944 --> 00:28:37.203
Then we should also be redesigning production
on biological principles with closed loops.

00:28:37.204 --> 00:28:40.398
No waste no toxicity eliminating
the whole concept of

00:28:40.399 --> 00:28:44.929
ways this too is very
profitable because it captures

00:28:44.930 --> 00:28:49.608
back a lot of the roughly 99% waste
that\'s in the 0.5 trillion tons

00:28:49.609 --> 00:28:54.783
a year flow of stuff in the economy
and re captures it as profit.

00:28:54.784 --> 00:28:59.524
Third there are new business models which
we might call the solutions economy

00:28:59.525 --> 00:29:04.339
that deliver a continuous flow
of value and service rather than

00:29:04.340 --> 00:29:08.329
selling goods occasionally And this turns
the resource savings and loop closing from

00:29:08.330 --> 00:29:10.669
a reduced revenue integral reduce costs and

00:29:10.670 --> 00:29:14.178
increase profit for both the
provider and the customer.

00:29:14.179 --> 00:29:16.684
So it rewards the results we want.

00:29:16.685 --> 00:29:20.599
Finally the profits can be
very well reinvested in

00:29:20.600 --> 00:29:24.319
natural capital is any Putin capitalist
would do capitalism is about

00:29:24.320 --> 00:29:26.808
reinvestment and productive capital but

00:29:26.809 --> 00:29:29.448
the most productive thing
you can do is often to

00:29:29.449 --> 00:29:32.568
re-invest in in nature
and that\'s pretty easy

00:29:32.569 --> 00:29:34.818
because God does the production
all we need to do is get out of

00:29:34.819 --> 00:29:37.909
the way and allow life to
expand wherever it can

00:29:37.910 --> 00:29:40.909
the term globalization has
become the subject of

00:29:40.910 --> 00:29:45.438
much fiery debate starting with
its meaning in this program we\'re

00:29:45.439 --> 00:29:48.408
talking about corporate
globalization Meaning

00:29:48.409 --> 00:29:53.269
the power wealth and influence
of transnational corporations.

00:29:53.270 --> 00:29:56.494
These giants owe allegiance to no nation

00:29:56.495 --> 00:30:00.873
the decisions they make and the
multilateral agreements they broker.

00:30:00.874 --> 00:30:05.388
Allow these corporations to
wield unprecedented power over

00:30:05.389 --> 00:30:10.579
countries and individuals
people like you and me.

00:30:10.580 --> 00:30:16.878
We\'re seeing an increasingly clearly
defined struggle for the soul of humanity.

00:30:16.879 --> 00:30:24.879
Between two sharply contrasting
worldviews And social forces one of these

00:30:27.109 --> 00:30:28.963
is the worldview of

00:30:28.964 --> 00:30:36.738
the corporate globalist they see a world in
which through the deregulation of markets the

00:30:36.739 --> 00:30:43.818
elimination of national borders the
privatization of public assets we\'re freeing

00:30:43.819 --> 00:30:48.138
the restraints on wealth
creation and whatever

00:30:48.139 --> 00:30:52.939
problems the world experiences in terms
of environmental problems and poverty.

00:30:52.940 --> 00:30:57.618
They are absolutely convinced from
their worldview that the answer is to

00:30:57.619 --> 00:31:02.493
push ahead with this agenda of
deregulation privatization.

00:31:02.494 --> 00:31:05.724
Globalization So what we see is

00:31:05.725 --> 00:31:11.438
a clash year of two fundamentally
different cultures top-down globalization

00:31:11.439 --> 00:31:15.578
says it\'s about money bottom-up
globalization says it\'s about life

00:31:15.579 --> 00:31:20.379
and promoting the various life systems
that are threatened by that money cycle.

00:31:20.380 --> 00:31:24.923
Here\'s the problem for us in who
are promoting the lifecycle.

00:31:24.924 --> 00:31:29.723
They have so much money that
they can dominate the airwaves.

00:31:29.724 --> 00:31:33.458
And dominate the production of
magazines and newspapers and books and

00:31:33.459 --> 00:31:36.248
all these other communication
devices to keep

00:31:36.249 --> 00:31:39.999
pumping that message that
you are what you own.

00:31:40.000 --> 00:31:42.458
You know there\'s there\'s various ways of

00:31:42.459 --> 00:31:45.519
thinking about how we deal
with this problem with

00:31:45.520 --> 00:31:49.399
a corporation One is that we need to put

00:31:49.400 --> 00:31:54.454
rules around it to restrain it
so that it will operate in ways.

00:31:54.455 --> 00:31:58.534
Consistent with the actual needs of society

00:31:58.535 --> 00:32:02.839
but with time I\'ve come to realize that
that\'s only a very partial solution because

00:32:02.840 --> 00:32:05.209
the corporation with all its power is

00:32:05.210 --> 00:32:09.709
continuously working to dominate
the political system dominate

00:32:09.710 --> 00:32:12.528
the rulemaking system of
society to get rid of

00:32:12.529 --> 00:32:17.433
those constraints the most normal natural
thing for us to focus on as human beings.

00:32:17.434 --> 00:32:19.908
Is love and caring and compassion and

00:32:19.909 --> 00:32:23.539
community do you know your neighbors
do your children look up at you

00:32:23.540 --> 00:32:29.808
and say Daddy I love you right what\'s that
worth you can\'t put a dollar price Net.

00:32:29.809 --> 00:32:34.279
Yet we\'re being told a thousand times
a day No no forget that stuff buy

00:32:34.280 --> 00:32:40.608
commodities the corporations the
World Bank the IMF the WTO.

00:32:40.609 --> 00:32:43.593
These are all systems that are geared to

00:32:43.594 --> 00:32:47.704
the destruction of life to
create money they are engines of

00:32:47.705 --> 00:32:52.729
inequality the creation of inequality
and that we need to replace these with

00:32:52.730 --> 00:33:00.004
different different economic forms that that
honor the real principles of market economy.

00:33:00.005 --> 00:33:03.378
So rather than working to
develop the skills and

00:33:03.379 --> 00:33:07.699
the infrastructure of their communities
their their societies are doing exactly

00:33:07.700 --> 00:33:09.408
the opposite they\'re
dismantling him and they\'re

00:33:09.409 --> 00:33:12.858
creating What is now called oftentimes
an underclass people who are

00:33:12.859 --> 00:33:15.738
considered to be
unemployable for the rest of

00:33:15.739 --> 00:33:18.918
their lives it\'s a huge waste
of our natural resources are

00:33:18.919 --> 00:33:21.588
natural human resources of our knowledge

00:33:21.589 --> 00:33:25.999
our imagination our abilities to do things
those things are thrown out the window.

00:33:26.000 --> 00:33:29.538
Now here again is another one of the
myths that we\'ve been taught that

00:33:29.539 --> 00:33:33.079
our choices either between a socialist.

00:33:33.080 --> 00:33:36.588
Economic system in which all
power resides in the state and

00:33:36.589 --> 00:33:40.849
the state makes all the decisions or
a capitalist system where in effect

00:33:40.850 --> 00:33:44.748
the decisions are all made by huge
corporations that are unaccountable and

00:33:44.749 --> 00:33:49.474
distant and making those decisions
only for their own good.

00:33:49.475 --> 00:33:53.074
Now if it comes down to
those two lousy choices And

00:33:53.075 --> 00:33:55.459
the whole situation looks
hopeless until we realized

00:33:55.460 --> 00:33:58.128
no there isn\'t the option
of a real market economy

00:33:58.129 --> 00:34:02.388
which distributes ownership
and power and which is being

00:34:02.389 --> 00:34:07.069
responsive to real needs of real
people how do we get from where we

00:34:07.070 --> 00:34:10.578
are today David cartons real market economy

00:34:10.579 --> 00:34:14.658
what changes do we have to make to
begin achieving an economy that

00:34:14.659 --> 00:34:18.904
functions for the real needs
of everyone in society

00:34:18.905 --> 00:34:24.108
for me the future lies in building
a movement a political civil

00:34:24.109 --> 00:34:28.578
society not-for-profit
movement that starts to take

00:34:28.579 --> 00:34:33.258
itself really seriously There\'s a man
named Lester Salamon who teaches at

00:34:33.259 --> 00:34:35.149
Johns Hopkins University and he\'s done

00:34:35.150 --> 00:34:38.898
a mini country multi-year study on

00:34:38.899 --> 00:34:43.458
not-for-profits in the world and
he says Where the untold story

00:34:43.459 --> 00:34:46.398
of the century he says
We are as important to

00:34:46.399 --> 00:34:49.878
political movement as the creation of the
nation-state was in the latter part of

00:34:49.879 --> 00:34:52.969
the 19th century that he says
nothing is important has

00:34:52.970 --> 00:34:56.238
happened in terms of shifting the
political power I would argue

00:34:56.239 --> 00:34:59.689
that first of all corporations got a
hold of that political power but in

00:34:59.690 --> 00:35:03.469
any case and his early findings
he\'s found that we\'re growing so

00:35:03.470 --> 00:35:04.879
fast that we\'re growing faster than

00:35:04.880 --> 00:35:07.519
the economy in some countries
at four times the rate of

00:35:07.520 --> 00:35:11.988
the economy that we are And
we employ now more people

00:35:11.989 --> 00:35:15.228
than the private sector which is a
stat I love that if you were to put us

00:35:15.229 --> 00:35:18.588
all in one country we would now
be the eighth largest country

00:35:18.589 --> 00:35:21.619
in the world are eighth
largest economy and that

00:35:21.620 --> 00:35:24.918
we have enormous power if we would just
start to understand that we have and

00:35:24.919 --> 00:35:28.308
we\'ll start taking advantage
of it where we\'re seeing is

00:35:28.309 --> 00:35:32.718
an aggregation of power
is widely distributed and

00:35:32.719 --> 00:35:36.498
decentralized and very very different than

00:35:36.499 --> 00:35:41.073
the models of change that we have
grown up to understand and that\'s why

00:35:41.074 --> 00:35:44.779
we see it sort of flying under
the radar of the media and

00:35:44.780 --> 00:35:48.799
existing perceptions of change
and don\'t recognize that

00:35:48.800 --> 00:35:53.419
we are in this broader sense
of the term We are going to be

00:35:53.420 --> 00:35:58.789
a part of evey Pavel transformation
and we should recognize that and

00:35:58.790 --> 00:36:01.594
know that we don\'t know when

00:36:01.595 --> 00:36:06.289
this transformation will occur but I
suspect I could be wrong and that

00:36:06.290 --> 00:36:10.728
precipitating events will cause
rather sudden shifts in perception

00:36:10.729 --> 00:36:15.918
sudden shifts in people\'s
understanding even when change

00:36:15.919 --> 00:36:20.268
happens it can occur in a remarkably
fast and rapid way Davis I\'m

00:36:20.269 --> 00:36:24.769
predicted by all of us and of
course the focal point here in

00:36:24.770 --> 00:36:27.079
terms of women when this
new force really announced

00:36:27.080 --> 00:36:29.839
itself to the world where the the protests

00:36:29.840 --> 00:36:36.570
demonstrations and Seattle and
for number 39,099 Organization.

00:36:39.070 --> 00:36:43.368
This was a backlash against
corporate globalization that

00:36:43.369 --> 00:36:47.299
grew out of a realization
of ordinary people and it\'s

00:36:47.300 --> 00:36:50.898
a realization an awakening of
consciousness that is occurring

00:36:50.899 --> 00:36:54.859
throughout the world to the
fact that the arguments for

00:36:54.860 --> 00:36:56.958
the corporate globalist are absolutely

00:36:56.959 --> 00:36:59.704
wrong they\'re absolutely turned
on their head that in fact

00:36:59.705 --> 00:37:04.084
this juggernaut system of
corporate globalization

00:37:04.085 --> 00:37:09.779
is destroying life to make
money for the very wealthy.

00:37:13.420 --> 00:37:18.348
We are seeing witnessing
And resurgence or a

00:37:18.349 --> 00:37:23.298
surgeon\'s in direct action politics
particularly by young people who say as

00:37:23.299 --> 00:37:26.028
far as we\'re concerned our governments
are siding so totally with

00:37:26.029 --> 00:37:29.208
the corporate sector that they\'ve
become part of the problem we\'re

00:37:29.209 --> 00:37:31.698
no longer going to try to go
through them to change them we\'re

00:37:31.699 --> 00:37:35.178
going to directly speak out against

00:37:35.179 --> 00:37:39.559
these transnational corporations
and financial institutions and

00:37:39.560 --> 00:37:44.403
more and more people of all ages have to
make the decision to try to change it in

00:37:44.404 --> 00:37:51.678
the most profound and fundamental way
We\'re saying that this system is

00:37:51.679 --> 00:37:55.158
Destroying Democracy by
buying out our politicians

00:37:55.159 --> 00:37:59.388
by changing the rules so that our
elections become meaningless.

00:37:59.389 --> 00:38:03.378
That it is a system that is
geared to holding down wages

00:38:03.379 --> 00:38:07.159
to suppressing labor
unions to doing away with

00:38:07.160 --> 00:38:10.068
health and safety standards and favor of

00:38:10.069 --> 00:38:13.519
allowing corporations to sell
whatever they find it profitable to

00:38:13.520 --> 00:38:16.668
sell and people are
saying you know we\'ve had

00:38:16.669 --> 00:38:20.268
enough of this where we\'re not
going to we\'re not simply

00:38:20.269 --> 00:38:23.628
going to be led down the path
to our own destruction of

00:38:23.629 --> 00:38:27.789
our values and the future
of our children we\'re

00:38:27.790 --> 00:38:30.724
going to start exposing these
myths we\'re going to start saying

00:38:30.725 --> 00:38:35.629
no We are going to start
working for alternatives.

00:38:35.630 --> 00:38:39.093
So that we restore democracy read to read.

00:38:39.094 --> 00:38:42.273
We restore or local communities

00:38:42.274 --> 00:38:46.924
the beauty of the movement that we\'re
building is that you\'ll bring together people

00:38:46.925 --> 00:38:50.179
very specifically working
on say nuclear phase out

00:38:50.180 --> 00:38:55.279
over here or homeless children in a
particular community over here whatever.

00:38:55.280 --> 00:38:57.934
What have they got in common
with each other lots.

00:38:57.935 --> 00:39:01.758
You know or church groups fighting
to have the the third world

00:39:01.759 --> 00:39:05.479
debt cancelled or you know all
the variety the rich variety

00:39:05.480 --> 00:39:09.439
of work that\'s being done around the
world the most one I one of the

00:39:09.440 --> 00:39:13.819
most if not the most important thing
that this movement must do is to make

00:39:13.820 --> 00:39:17.899
All those disparate groups feel
part of something larger so that we

00:39:17.900 --> 00:39:22.399
become a true movement
and I are very diversity

00:39:22.400 --> 00:39:29.299
are very are very cultural
and age and geographic

00:39:29.300 --> 00:39:33.288
diversity and even our diversity in terms
of our backgrounds comes together to

00:39:33.289 --> 00:39:34.938
build something bigger than the sum of

00:39:34.939 --> 00:39:37.579
its parts that\'s the movement
we\'re trying to build.

00:39:37.580 --> 00:39:40.488
So you bring that together and
you have the you have the term

00:39:40.489 --> 00:39:43.474
living democracy and that\'s
what I think of it as

00:39:43.475 --> 00:39:47.208
it\'s the mobile movement for a
living democracy and all the

00:39:47.209 --> 00:39:51.079
fullest sense of that word
it\'s about life but it\'s also

00:39:51.080 --> 00:39:54.349
about the fact that democracy is
not something that you have it

00:39:54.350 --> 00:39:57.889
as a way of life that is
a Mode of participation

00:39:57.890 --> 00:40:02.284
emotive relating to community
to your fellow citizens and to

00:40:02.285 --> 00:40:07.789
power and using the instruments
of collective power in

00:40:07.790 --> 00:40:12.048
ways that serve the life of the
individual the community and

00:40:12.049 --> 00:40:17.239
the planet there is about 30 thousand
NGOs non-governmental organizations in

00:40:17.240 --> 00:40:20.749
Canada and the United States who are
working on these issues there\'s probably

00:40:20.750 --> 00:40:24.498
100 thousand organizations
in the world as a

00:40:24.499 --> 00:40:26.299
whole almost all of them with

00:40:26.300 --> 00:40:29.749
very few exceptions feel they\'re
under funded at their marginal.

00:40:29.750 --> 00:40:32.838
They could go out of business
and next year people under paid

00:40:32.839 --> 00:40:39.378
their insert conditions there
basically You never know when

00:40:39.379 --> 00:40:42.409
the next dollar is coming from their badly

00:40:42.410 --> 00:40:46.458
compensated and yet it is growing
and it is fibrin and it\'s

00:40:46.459 --> 00:40:50.089
alive and what I say and
propose is that this movement

00:40:50.090 --> 00:40:53.748
she start to realize one very important
thing which is that it\'s going to

00:40:53.749 --> 00:40:58.909
prevail and start to think
that way it looks like often

00:40:58.910 --> 00:41:04.354
a an incredibly confusing diversity
of issues and people and so forth.

00:41:04.355 --> 00:41:08.599
With no coherence in fact if you
look behind it you see there are

00:41:08.600 --> 00:41:13.218
two very powerful unifying themes
that bring together all of

00:41:13.219 --> 00:41:17.718
these groups one is life
the values of life versus

00:41:17.719 --> 00:41:23.064
the financial values And the second
is democracy the rule of people.

00:41:23.065 --> 00:41:27.428
Human participants participation in
decisions that affect their lives

00:41:27.429 --> 00:41:31.808
versus corporate rule consolidating
power over our lives in

00:41:31.809 --> 00:41:35.319
global corporations many of
us live in a country that

00:41:35.320 --> 00:41:39.158
is envied by millions because
we have wealth and we have

00:41:39.159 --> 00:41:43.778
choices the lucky among us could
choose how to live our lives and

00:41:43.779 --> 00:41:49.298
because we live in a consumer culture we
make choices every day with our wallets.

00:41:49.299 --> 00:41:51.923
We take for granted the availability of

00:41:51.924 --> 00:41:56.919
inexpensive food and clothing if
automobiles appliances electronics.

00:41:56.920 --> 00:42:00.998
We make claim to the math that we
acquire all these things without

00:42:00.999 --> 00:42:06.348
hidden cost But somewhere in the
back of our minds we know that

00:42:06.349 --> 00:42:10.519
cheap consumer goods for us are
produced on the backs of the

00:42:10.520 --> 00:42:15.229
poor worldwide and are gobbling
up Earth\'s resources at

00:42:15.230 --> 00:42:18.979
a catastrophic rate much of the impetus for

00:42:18.980 --> 00:42:24.453
the destructive aspects of globalization
come from the United States both the the the

00:42:24.454 --> 00:42:28.548
materialistic consumer culture that
we project out to the world as the

00:42:28.549 --> 00:42:33.438
as the ideal the ultimate of human
accomplishment but also the

00:42:33.439 --> 00:42:37.729
policies of free trade guarantee

00:42:37.730 --> 00:42:42.198
of investment rights of privatization
and so forth We push out through

00:42:42.199 --> 00:42:45.708
the US dominance of the
IMF the World Bank and

00:42:45.709 --> 00:42:48.829
the World Trade Organization imposing

00:42:48.830 --> 00:42:53.869
destructive policies on the rest of
the world that are fundamentally.

00:42:53.870 --> 00:42:57.559
To the advantage of global
corporations there are also

00:42:57.560 --> 00:43:01.759
policies that help allow the United
States to continue to consume

00:43:01.760 --> 00:43:05.089
way beyond its means by
expropriating the resources and

00:43:05.090 --> 00:43:09.258
the labor of the rest of the world
we should be thinking about

00:43:09.259 --> 00:43:13.534
using prices to signal
what the real costs of

00:43:13.535 --> 00:43:18.724
goods and activities are to give us
some straightforward feedback on

00:43:18.725 --> 00:43:23.299
a lot of things are cheap
right now And only

00:43:23.300 --> 00:43:28.968
because the costs of their
use in the world is

00:43:28.969 --> 00:43:33.483
deflected and passed on in
health problems elsewhere in

00:43:33.484 --> 00:43:38.868
the loss of habitat somewhere
else the provision of

00:43:38.869 --> 00:43:43.099
convenience for some people at
the cost of convenience and

00:43:43.100 --> 00:43:47.719
time of other people you know
we have a we have people who

00:43:47.720 --> 00:43:52.368
go and poach ivory tusks of
elephants right they kill

00:43:52.369 --> 00:43:54.798
an elephant they take the
tests they don\'t use

00:43:54.799 --> 00:43:57.934
any of the other part they leave
it there an elephant to rot.

00:43:57.935 --> 00:44:00.888
Right you\'d think that if you are going
to use it off and properly you\'d have

00:44:00.889 --> 00:44:04.039
a whole lot of other uses for
its skin and it\'s meeting It\'s

00:44:04.040 --> 00:44:06.709
bones and all that not just the
IV but that\'s all they want and

00:44:06.710 --> 00:44:09.604
they take it and sell it you
know the people who are

00:44:09.605 --> 00:44:15.138
ivory brokers which is mostly an illegal
business these days would very much like to see

00:44:15.139 --> 00:44:18.409
the ivory trade come to an end
they\'d like to see the last elephant

00:44:18.410 --> 00:44:20.359
extincted because the value of

00:44:20.360 --> 00:44:22.908
the ivory that they already
have it go through the ceiling.

00:44:22.909 --> 00:44:25.998
Yet the poacher will be out
of work and the people who

00:44:25.999 --> 00:44:29.178
rely on elephants for being
beast a burdens are going

00:44:29.179 --> 00:44:32.418
to be in deep trouble and the
people who use elephants as part of

00:44:32.419 --> 00:44:35.988
the natural economy to bring
tourism men are going to be out of

00:44:35.989 --> 00:44:40.459
business but the one group sees greed
and the destruction of elephants as

00:44:40.460 --> 00:44:44.044
a purely great moment in time
where everyone else loses

00:44:44.045 --> 00:44:48.633
that\'s the kind of economy We\'re
living in now is not sustainable.

00:44:48.634 --> 00:44:52.788
The ideology that\'s put out by the
same people that are putting out

00:44:52.789 --> 00:44:56.718
this official economics is one
that stresses individualism it\'s

00:44:56.719 --> 00:45:00.619
saying that if you as an individual
have a big enough savings

00:45:00.620 --> 00:45:04.818
account or enough stocks in the stock
market or you own your own home

00:45:04.819 --> 00:45:07.999
or you have a high enough
paying job You\'re OK. That\'s

00:45:08.000 --> 00:45:11.449
success you\'re taken care of well
that\'s like saying you\'re on the bus

00:45:11.450 --> 00:45:14.659
with a drunken bus driver about to go
over the cliff and as long as you have

00:45:14.660 --> 00:45:18.979
mink seats and a nice foot rest and a
good set of headphones in your seat.

00:45:18.980 --> 00:45:22.099
You\'re okay no you\'re not okay
because when that bus goes over

00:45:22.100 --> 00:45:26.434
the edge we all go with it first class
second class third class seats.

00:45:26.435 --> 00:45:29.089
All go over if we acknowledged that

00:45:29.090 --> 00:45:32.764
the economic Buspar on right
now is headed for a cliff.

00:45:32.765 --> 00:45:36.288
What can you or I possibly
do about it when you look at

00:45:36.289 --> 00:45:38.839
the astounding power of
the corporate giants

00:45:38.840 --> 00:45:41.479
in the driver\'s seat the
task of turning things

00:45:41.480 --> 00:45:45.709
around seems daunting if
not impossible and there\'s

00:45:45.710 --> 00:45:50.253
the uncomfortable question of our
own complicity Easy enough to blame

00:45:50.254 --> 00:45:54.168
faceless corporations or bone head
politicians you didn\'t even vote

00:45:54.169 --> 00:45:59.673
for but not so easy to be as ruthless
with our own individual values

00:45:59.674 --> 00:46:04.593
and priorities to admit but
my comfortable lifestyle

00:46:04.594 --> 00:46:11.599
contributes to the problem one of the
difficulties in making that clear.

00:46:11.600 --> 00:46:16.609
He\'s living in a country that
because of the strength of

00:46:16.610 --> 00:46:22.323
its economy has access to the resources
of every other corner of the planet.

00:46:22.324 --> 00:46:27.453
So it all strings in here and
we enjoy it in our lives.

00:46:27.454 --> 00:46:29.088
Feel more comfortable for

00:46:29.089 --> 00:46:35.539
it And increasingly we don\'t want
to know what\'s going on elsewhere.

00:46:35.540 --> 00:46:39.184
All of us are participating
willingly and unwillingly.

00:46:39.185 --> 00:46:46.023
And assist them where we think well if I just
take what I can have now and we rationalize

00:46:46.024 --> 00:46:49.369
our relationship because everyone
else is doing it the same time we

00:46:49.370 --> 00:46:53.239
produced a culture of fear we
produced a culture of competition.

00:46:53.240 --> 00:46:56.658
We\'ve produced a culture
where we have so much in

00:46:56.659 --> 00:47:00.198
yet everybody is like in Buddhist
terms a hungry ghost walk you around

00:47:00.199 --> 00:47:03.349
thinking they don\'t have
enough are we building toward

00:47:03.350 --> 00:47:06.678
a fundamentally different Notion of what

00:47:06.679 --> 00:47:08.808
the economy is and what it
should be and what it should

00:47:08.809 --> 00:47:11.403
serve and if we are then there\'s hope.

00:47:11.404 --> 00:47:14.148
If we\'re just tinkering around
the edges and bringing in

00:47:14.149 --> 00:47:19.309
some modifications to the WTO or
you know a little bit of attacks

00:47:19.310 --> 00:47:22.249
on international investment but
really everything else can remain the

00:47:22.250 --> 00:47:26.419
same it\'s not subcube enough you know it\'s

00:47:26.420 --> 00:47:29.509
something much bigger that we have
to do in the questions are we

00:47:29.510 --> 00:47:32.658
moving in a direction of
reform or real fundamental

00:47:32.659 --> 00:47:35.479
and profound change and if that\'s
the answer is the second is

00:47:35.480 --> 00:47:40.038
the answer that I think there\'s
tremendous hope for the world we are

00:47:40.039 --> 00:47:45.739
better than we\'re acting and I
think we have to find ways to be

00:47:45.740 --> 00:47:53.049
that There\'s a lot of evidence
you know pretty much daily.

00:47:53.050 --> 00:48:00.080
That the forces arrayed against our best
selves are much stronger than we are

00:48:02.790 --> 00:48:06.099
I believe that we\'re stronger than they

00:48:06.100 --> 00:48:11.798
are we launched this exploration

00:48:11.799 --> 00:48:16.568
of economics from its Greek roots
meaning household management.

00:48:16.569 --> 00:48:20.169
Initially it may have seemed that
you\'re a household or mine had

00:48:20.170 --> 00:48:23.799
very little real connection
with the Byzantine world of

00:48:23.800 --> 00:48:28.329
global economics and yet we\'ve
come full circle to realize

00:48:28.330 --> 00:48:33.109
that how we each live our lives
We evaluate true wealth.

00:48:33.110 --> 00:48:37.068
What we each choose to purchase
or not purchase how we

00:48:37.069 --> 00:48:41.344
invest our meager savings
whom we elect to represent us

00:48:41.345 --> 00:48:44.928
what social movements we
choose to support all of

00:48:44.929 --> 00:48:51.304
these individual household decisions are
the fuel that runs the economic engine

00:48:51.305 --> 00:48:54.588
we can keep on spring from
mosquitoes and ending up with

00:48:54.589 --> 00:48:58.009
rats and are collapsing
rooves if we want or

00:48:58.010 --> 00:49:06.010
we can as Joanne says do better be stronger
and set about reinventing the world

00:49:15.820 --> 00:49:23.394
I\'m going to do do do do

00:49:23.395 --> 00:49:31.395
do do do do do do do do do do do

00:49:43.730 --> 00:49:51.730
do do do do do do do do