Inequality For All by Robert Reich (video) @RBReich | Government cancer treatment | Scoop.it

Robert Reich's Masterwork About Economic Tsunami
This is a masterful film by Robert Reich. Reich, a former Secretary of Labor under Bill Clinton. What makes this film fascinating is not simply Reich's ability to tell a story, you may have seen him on the Sunday shows or The Daily Show, but add to Robert's great storytelling some chilling DATA and you have an amazing film.

Reich's linkage of technology and globalization as partners conspiringto throw gasoline on the fire of our economy is fascinating. He points out that as the rich have gotten richer its their spending that the problem. Spread their wealth among "ordinary" non 1% people and things get bought.

Problem with the uber-rich is they don't buy things.

When you are reich enough you understand something I learned on my own despite having a father who worked on Wall Street. Money is always under attack.

Money is attacked by inflation, taxes and stupidity. The 1% knows the most important money mission is perpetuating itself despite forces lined up against it. When money flows to where the greatest return can be generated it is doing its job.

SO, as we concentrate wealth it increasingly is devoted to self perpetuation and so financial instruments become "the economy". Financial instruments are fine, but they don't cure cancer, create art or make the world better. Financial instruments whose primary consideration is self perpetuation and return can create a selfish narrow world.

The most fascinating graph shows how the destruction of the middle class created the market collapse in 1928 and 2008. Concentrate wealth too much and the economy can't function. Too much money devoted to doing money's single mission - self perpetuation - means collapse.

Reich's destruction of labels such as Democrat and Republican is fascinating too. Labels in the face of so much wealth concentration are somewhat meaningless Reich's film asserts. Amazing film. Watching Reich's film made me reread David Amerland's What If We Had A New Value System  http://davidamerland.com/seo-blog/692-what-if-we-had-a-new-value-system-for-goods-and-services.html .