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Plutocracy Rising

Posted By Barry Ritholtz On October 23, 2012 @ 7:00 am In Video | Comments Disabled

Moyers & Company Show 141:Plutocracy Rising [1] from BillMoyers.com [2] on Vimeo [3].

The One Percent is not only increasing their share of wealth — they’re using it to spread millions among political candidates who serve their interests. Example: Goldman Sachs, which gave more money than any other major American corporation to Barack Obama in 2008, is switching alliances this year; their employees have given $900,000 both to Mitt Romney’s campaign and to the pro-Romney super PAC Restore Our Future. Why? Because, says the Wall Street Journal, the Goldman Sachs gang felt betrayed by President Obama’s modest attempts at financial reform.

To discuss how the super-rich have willfully confused their self-interest with America’s interest, Bill is joined by Rolling Stone magazine’s Matt Taibbi [4], who regularly shines his spotlight on scandals involving big business and government, and journalist Chrystia Freeland, author of the new book Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else [5].

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2012/10/plutocracy-rising/

URLs in this post:

[1] Moyers & Company Show 141:Plutocracy Rising: http://vimeo.com/51733623

[2] BillMoyers.com: http://vimeo.com/user9013478

[3] Vimeo: http://vimeo.com

[4] Matt Taibbi: http://www.rollingstone.com/politics/blogs/taibblog

[5] Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else: http://www.amazon.com/exec/obidos/ASIN/1594204098/thebigpictu09-20

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