Bernie talks concentrated wealth and power

Bernie Sanders talks with Paul Jay at TRNN about the effects of concentrated wealth and power on the American system.


My comment in response to some other comments and Bernie's remarks:

(1) Bernie Sanders is a standing Senator representing the state of Vermont. He has a responsibility to (a) act in the interests of his voters; (b) convey the legislation they want and (c) adhere to his personal code of ethics. To carry out his duties, especially as a member of the minority party, he must be able to walk/talk/commune with other representatives. This involves a level of public diplomacy that he often gets criticized for – supporting Hilary, anodyne comments about the late GHWB… IMHO, Bernie’s critics seem to prefer he behave Newt Gingrich, “allowing hurt feelings over a perceived slight by Clinton to influence his stance in the budget negotiations” and that turn out swimmingly (/s). 

(2) “Raising the minimum wage, 15 bucks an hour. Radical idea a few years ago; kind of mainstream today.”And by the time you actually pass the 15 bucks an hour minimum wage in another few years, workers will be even further behind on the wage scale. The fight should be for a minimum wage pegged to annual average wages. Fighting the same fight is good for keeping Bernie Sanders employed but not so good for the minimum wage workers he’s purportedly fighting for. 

(3) “…And as a nation we have got to think from a moral perspective and an economic perspective whether we think it is appropriate that three people, one, two, three, own more wealth than the bottom half of the American society. You know, that’s really quite outrageous, and it’s appropriate that we take a hard look at that.”Economics originated as a moral enterprise. Even today, economics of average individual families are about working to earn the means to support the members of a family, which is morally superior to not working and allowing your family to languish. It was the introduction of profit as the be all and end all to economies that drove ethics out of policy. Profiteering allows gun makers to ‘morally’ profit from making and selling goods designed to perpetrate objectively morally questionable acts. Profiteering allows the military industrial complex to ‘morally’ profit from the making, selling and use of goods and services designed to murder en masse. Profiteering allows big pharma to ‘morally’ profit from the making, selling, use, misuse and withholding of drugs that can save and/or destroy lives. Profiteering allows extractive industries to ‘morally’ profit from the damaging of viable ecosystems to the extent that much that supports human life is at risk. One place where a basic reform might have immediate and significant impact would be to redefine economies to be self-organizing and self-sustaining systems of production, distribution and consumption of goods and services that promote the well-being of all participants… This would force all policy to account for impacts on sustainability and human well-being as opposed to sole the profitability for investors.