1:02:29 The national debt is a historical record of the cumulative money that a government spent dollars than it took out which were transformed into US Treasuries

• for: elephants in the room - financial industry at the heart of the polycrisis, polycrisis - key role of finance industry, Marjorie Kelly, Capitalism crisis, Laura Flanders show, book - Wealth Supremacy - how the Extractive Economy and the Biased Rules of Captialism Drive Today's Crises

• Summary

  • This talk really emphasizes the need for the Stop Reset Go / Deep Humanity Wealth to Wellth program
  • Interviewee Marjorie Kelly started Business Ethics magainze in 1987 to show the positive side of business After 30 years, she found that it was still tinkering at the edges. Why? - because it wasn't addressing the fundamental issue.
  • Why there hasn't been noticeable change in spite of all these progressive efforts is because we avoided questioning the fundamental assumption that maximizing returns to shareholders and gains to shareholder portfolios is good for people and planet.**** It turns out that it isn't. It's fundamentally bad for civilization and has played a major role in shaping today's polycrisis.
  • Why wealth supremacy is entangled with white supremacy
  • Financial assets are the subject
    • Equity and bonds use to be equal to GDP in the 1950s.
    • Now it's 5 times as much
  • Financial assets extracts too much from common people
  • Question: Families are swimming in debt. Who owns all this financial debt? ...The financial elites do.

• meme

  • wealth supremacy and white supremacy are entangled

compare with income inequality: https://hypothes.is/a/_JLGuj3HEe2dJFdOJRcvaQ