You mean pretending they'll be fiscally responsible when they're out of power, then immediately giving all the money they can to the rich while reassuring the rest of us it's fine because it will trickle down like a glorious golden shower?

I expected a ten-minute video to be documentary style, not someone biking through a tent village....

Trickle-down economics seems to be working as intended.

This is "starve the beast" philosophy of governing, from within supply-side (trickle-down) economics.

it's hard to believe that Reagan is the 2nd best Republican president out of the last five and he was awful too with his version of trickle down economics, Iran contra, S&L crisis, ...; not sure why anyone would trust a Republican with the presidency

I don't think he is; he wants the typical Republican things like trickle down economics, he wants to defund Planned Parenthood; he opposes trade deals which sadly isn't either D or R anymore; it's still a progressive issue though so that's about all I can agree with him on; I feel like he basically wants to line the pockets of rich people; nothing new there for the R's; plus I'm pretty sure he's going to start a war which is very Republican; cowards dodge wars themselves, but put our young men in harms way

for the most part I agree; Obama did sunset some of the bush W trickle down economics which is code for more money to the rich and that did help some; the molester has promised more of the same with tax cuts to the rich; I'd like to see it go back to the 70s where capital gains were taxed at 40%

@shagen454, You're on to something about the nature of the future of economics, and also society through the 1% vs. the 99%. You're not wrong that a lot of *money has made it's way to the top, and is staying there.

But it wasn't always this way.

In his film, Inequality For All, Robert Reich points out that during the time of great prosperity in the US (1947-1977) inequality was low, and taxes on the wealthy were much higher than they are today.

A correlation of the effect this was how marketing was thought of. In CBC's "Under The Influence" episode on The World of Business-To-Business Advertising they point out that B2B marketing used to be the boring place that nobody in advertising really wanted to work, but now B2B marketing is surging.

The CBC radio show doesn't get into asking why that changed, but through the lens of modern economics it isn't hard to see. B2B marketing used to be boring because with low inequality, consumers--*working people*--had all the money. Now, with high inequality, consumers are broke, and all that money is just flowing among corporations, never really trickling more than a few breadcrumbs upon the serfs.

This has deep impacts on society and politics, especially in a land where "money is speech" and all the money is just passed between a few companies and their owners. This means that in the US, there are as few as 144,000 people who have enough "speech" (meaning money) that their voice actually matters, as is pointed out by Lawrence Lessig.


Videos:

--Robert Reich --

Looking back on Pie's take on the Brexit vote may be helpful in light of Trump's. There's good discussion there on how the working class has been getting fucked over by years of trickle-down Reaganomics, corporatism, and austerity have played into the UK's vote on Brexit.

The same groups in the US have chosen Trump over Clinton's faux-left elitism.

*related=http://videosift.com/video/Jonathan-Pie-on-Brexit

By contrast, Keith Oberman lists reasons to be outraged by Trump,

http://videosift.com/video/176-Shocking-Things-Donald-Trump-Has-Done-This-Election

which plays well into CGP Grey's theory on memes and anger:

http://videosift.com/video/This-Video-Will-Make-You-Angry-CGP-Grey

One thing I am looking forward to are good polemics as part of the election's post-mortem. In terms of video footage, both Cenk and Kyle over at TYT and Secular Talk respectively went off the rails quite nicely. But the good stuff, the really good stuff, will trickle in, and exclusively in written form.

Lambert over at NC makes a decent start, given his lack of sleep:

The Democrat establishment was warned about their weak candidate, and they were presented with a popular and well-funded alternative: Bernie Sanders. Instead, as the Podesta emails show in lavish detail, they used their control of the party machinery and their service providers in our famously free press to rig the primary in their favor at every turn. When their candidate was nominated, the Democrat establishment tacked right, and proceeded to explain to Sanders voters that their votes were not needed or even desired because, as #BernieBros, they were racist and sexist. Sanders supporters have every right to say #WeWereRight and #WeToldYouSo.

If this were Japan, we’d be seeing Democrat Party leaders committing seppuku, or cutting off their little fingers or — supposing them not to be gangsters — ritually and tearfully bowing to the people they betrayed. This being America, and these being Democrats, they are feverishly deploying the Blame Cannons at racist and sexist #BernieBros, Johnson, Stein, and the dogs who wouldn’t eat the dog food. These assclowns will only leave office if they’re whipped out with scorpions. So get to it, Sanders supporters. This is your time.

Asshole Trump may be, but Maher doesn't quite get to the nugget of why the asshole is so popular.

He starts to scratch the surface a bit by addressing the failures in the education system, but he doesn't quite go far enough.

(Before I go further and people start arguing with me, let me be clear: I. Do. Not. Like. Trump. Okay? Okay. Lets continue.)

In spite of his many flaws, Trump is doing a few things right in his campaign: He is addressing many of the problems that a large number of Americans are being pressured by. His solutions range from dumb to crazy, but the problems he talks about, economic pressures, stagnant wages, vanishing middle class inability to 'get ahead,' etc. are real. This socio-economic group people who have been increasingly left behind since the late 70’s/early 80’s the adoption of trickle-down economics.

For this group of people, in spite of all the other ridiculous stuff Trump says, blaming problems on “those people,” and other crap—-and as flawed as his is, at least he’s addressing some of their troubles.

..

I'm sure Maher is smart enough to recognize that income and wealth inequality has played a roll in Trump's rise in popularity. I guess he didn't have time to talk about that in this short clip...

@newtboy: Trumps appeal to the LCD is successful mostly because the LCD has been allowed to grow so much in our post-Regan society. With inequality on the rise and decades of trickle-down government-by-the-wealthy-for-the-wealthy, those "left behind" have been growing faster and faster every year.

It Trump fails to win this go around then the pendulum may keep swinging further. My concern is that the next 'protest' candidate will be even worse than he.

@ChaosEngine:

We'll have to agree to disagree about some things. For me, as bad as Trump is, I'm not convinced that he is worse than what Hillary was revealted to be by the DNC Leaks...

...but perhaps instead of arguing about which shit sandwich is worse, it is more productive to work together to find out why there are only shit sandwiches on the menu?

On this:

"But things will never change until you fix your broken political system. You're barely a democracy these days."

I am in complete agreement.

When I first heard of the Brexit vote, I thought it was some nasty xenophobic/racist group that had somehow managed to capture 51% of a nation. But could Britian really be that full of xenophobes? It was in a bit of casual research on the subject when I discovered that J. Pie video I referenced in my earlier comment. I had to revise my first assumption about the group that voted to leave the E.U.. While there may have been an element of xenophobia involved, it was economic factors that was the driving force behind the Brexit vote.

People who have been screwed over by years of government for corporations which has only worsened since Glass–Steagall was repealed by Bill Clinton. The hold the wealthy have on government was tightened after Citizen's United.

Much of the support Trump has been able to marshal is a reaction to years of governance-for-the-wealthy-by-the-wealthy.

Lawrence Lessig's does a better job unpacking this quagmire in his talk: "We The People: the Republic We Must Reclaim" which has far too few views on YT or votes on the sift, IMO. For anyone who's ever been unhappy with the political system in the past number of years, I consider it a must-watch.


Link here:

http://videosift.com/video/lawrence-lessig-2016-will-have-two-elections-TED-talk

I know it's Colbert's shtick and I never really got into it, but still...

"I have friends who live and work in London. They said "don't worry,we're very sensible people."

What's sensible for people in London might not be sensible for people in Salford. Or Boston. Or Wolverhampton. London, or the South-East in general, is as representative of the UK as the East/West Coast is of the US.

The hinterland has been drained at the expense of the center, on both a global and a national scale. If you live and work in the City of London, things might look quite ok, and whatever issues there are only need some reforms to no longer be an issue. But if your factory, the factory that provided jobs for the people in your home town, closed down ten, twenty years ago and now the best you can get is zero-hour contracts, then no, things are not ok.

People up top keep telling you that the economy is growing, that everyone's gonna be better off, that it's ok for multinational corporations and rich individuals to optimise their taxes, while they cut your welfare. Banks get a bailout, you get to pay the bedroom tax.

So no, your sensible friends, if they exist, live in a different universe than many of their countrymen. That's the disconnect we've been talking about.

-----
"The British economy is tanking. The pound has plunged to its lowest level since 1985... The Dow lost 611 points."

Again, so what? If the economy is growing and it has no effect on you, why should you give a jar of cold piss about the value of the pound or the stock exchange? Arguably, a drop in the exchange rate of the pound makes it easier for you to export your goods and raises the prices for imports, thereby encouraging you to produce the shit yourself. The UK does have a sovereign currency, unlike the Spanish, the Greeks, the Portuguese or the Italians who have to suffer internal devaluations, because Wolfgang Schäuble says so.

"Equity losses over $2 trillion"

Why should that matter? QE has pushed up stock prices beyond any resonable level, so what meaning do these book values hold? Not to mention that a lot of people made a shitload of money by shorting these stocks, including George Soros against Deutsche.

"There'll be no more money"

QE never trickled down anyway, makes no difference. Corbyn's people call their version "QE for the People" and "Green QE" for a reason: the previous version was only meant to prop up banks and stock values.

--------------

On a more general note, the hatred, the racism, the xenophobia... in most cases, it's a pressure valve. You leash out against someone else, you need someone to blame. The narrative is that we're living in a meritocracy, which makes it your fault that you didn't inherit an investment portfolio. So you start blaming yourself. You're a fuck-up. You worked hard and not only didn't climb the ladder, you actually went down. There's depression for ya. Guess what happens if someone, a person of perceived authority, then comes along and tells you it's not your fault, it's the fault of the immigrants. That narrative is very appealing if history is any indication. Even the supposedly most prosperous country in the EU, Germany, has the very same issue in the eastern parts, where there is no hope for a meaningful job.

People need work, meaningful work. Wanna guess how many of those "xenophobes" would be out in the street protesting against immigrants if they had a meaningful job with decent pay? Not to many would be my guess.

So the likes of Nigel Farage and Boris Johnson are providing the narrative. But the lack of social cohesion is a result of market fundamentalism, of Thatcherism, of Third Way social-democrats leaving the lower half of the income distribution to the wolves. You can't exclude large swaths of the population from the benefits of increased productivity, etc. Social dividend, they called it. It's what keeps the torches and pitchforks locked away in the barn.

i have watched a few of this guys videos,and while he has great energy,passion and a penchant for sly humor,but he tends to impose his understandings as somehow being more valid and accurate.

just take his example of the role of government.
he makes a valid point,and then solidifies his position by implying his view is set in this countries original documents.

which is fair,but only to a point...he literally ignores the federalist papers,which he actually references,and it was these 200+ papers and/or arguments that debated the actual role of the federal government vs the role of state government.

@MonkeySpank he is actually right.america is not a true direct democracy but rather a democratically elected representative republic.

after he makes some valid,if fairly biased points,he devolves into the gospel of capitalism and how it is a natural extension of our democratic republic.

really dude?
name ONE corporation that is democratic in any fashion?
you can't?
maybe that is due to the very obvious and plain fact that corporations are tyrannical by their very design.

this semi-educated man is just preaching the gospel of his religion:capitalism.

and referencing lenin like 20 times?
dude...read a fucking book on the history of the soviet union.

oh jesus..now he defending trickle down economics.....
sighs..how the zealots adore their doctrine of their holy texts,even if those texts are just figments of some economists wet dreams and has been proven to be an utter and glorious failure.

sanders is a democratic socialist,not like a denmark flavor but more of a FDR flavor.you know...the most popular president in this countries history and ushered in the most prosperous era in this countries history.

i could do a play by play on this man all day,and make him cry like a pretty little thailand ladyboy who cant afford his life-changing surgery into a actual woman.

well..he does have that douchebag hair.so he may already be looking for a surgeon.

yeah..im with @MonkeySpank,this dude just needs a good cock punch.