Summary of "Es herrscht Klassenkrieg" Warren E. Buffett, Bill Gates* & Co. - Handlanger: Trump - Noam Chomsky

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In the video, Warren Buffett, Bill Gates*, and other wealthy individuals discuss the rise of class warfare in the United States, which has led to increased inequality and instability. They call on the business community to take action in support of democracy, and suggest that the public should participate more in decision-making processes. This video highlights the importance of community organizing against violence, and shows how it has become a common strategy in the fight against power inequality.

00:00:00 The video discusses the current state of inequality in the United States, and how it has become increasingly extreme in recent years. The presenter notes that this inequality is primarily the result of extreme economic growth in a small part of the population, which was not possible during more equitable times. The presenter also talks about the negative effects of this inequality on society as a whole, including the weakening of democracy.
00:05:00 In the video, Warren Buffett, Bill Gates*, and others discuss the class warfare that exists in the United States. Class warfare is defined as the concentration of wealth and power and the promotion of what benefits the wealthy while hurting the majority. This has been observed throughout American history, with the main architects of policy being those who own businesses and factories. Over time, this has changed and today it is financiers and multinational corporations who are in control, pursuing policies that benefit themselves but hurt the rest of the population. There is little response from the general population, and as a result, the conditions that were expected have come to pass.
00:10:00 In the video, Warren Buffett, Bill Gates*, and other business leaders are interviewed about the current state of politics in the United States. They all agree that democracy is being undermined by the increasing power of special interests, and that this will ultimately lead to greater inequality and instability. They call on the business community to take action in support of democracy, and suggest that the public should participate more in decision-making processes. This video highlights the importance of community organizing against violence, and shows how it has become a common strategy in the fight against power inequality.
00:15:00 In this video, Warren Buffett, Bill Gates*, and other business leaders discuss the current state of the economy and how it has changed over the past several decades. They note that, in the 1970s, business leaders tried to change the economy by increasing the power of banks and other financial institutions, and by expanding the role of the private sector. However, this period of change was followed by a period of economic stability and prosperity, known as the "Great Moderation." In recent years, however, changes in the financial sector have led to a number of financial crises, and the business leaders discuss the need for new regulations to prevent this from happening again.
00:20:00 Warren Buffett, Bill Gates*, and other business leaders are interviewed about the current state of the economy and the current class warfare. Buffett states that it is not clear if anything is being done to help the economy, as most of the profits from the business come from complex financial maneuvers. He goes on to say that the shift of production overseas is due to the financial system being designed in this way, and that the workers are not able to compete on a global scale. This has led to the decline in wages and the shrinking of the middle class.
00:25:00 In this video, Warren Buffett, Bill Gates*, and others discuss class warfare, and how it is often prosecuted in Brazil. They talk about how critics in every society are treated poorly, depending on the ownership of the company. The American Dream was at its peak in the 1950s and 1960s, when economic growth was relatively evenly distributed throughout the population. However, since the 1970s, the country's economic growth has been primarily driven by the rich. This has led to a shift in the country's tax system, in which taxes on the wealthy have become increasingly high. Meanwhile, social welfare programs have been cut back, leading to increased poverty among the working class. The aims of these policies are to increase profits and share profits among the wealthy, especially in the United States, which was initially conceived as a production center. Henry Ford is famous for increasing the pay of his workers so they could afford to buy cars; this helped create a large middle class. However, as the world's population has become increasingly affluent, the demand for goods produced in the United States has decreased. Consequently, the number of jobs in the United States for people from the lower half of the income spectrum has decreased, while the number of jobs for the wealthy has increased. This has led to
00:30:00 In the video, Warren Buffett, Bill Gates, and other wealthy individuals are discussed. They are said to have reduced the incomes of the wealthy and increased the tax burden for the rest of the population. Currently, they are only trying to tax income and consumption, which only impacts the wealthy. The numbers are pretty clear, with companies paying little or no taxes and making huge profits. One reason is that they claim that this is necessary in order to encourage investment, but there is no evidence to support this. If we increase investment, the poor and working class will share in the benefits. This is an opposing view to that of the elites, who believe that they should concentrate on themselves and not help others. This is a fundamental human trait, but it needs to be eliminated in order to help the people as a whole. If we finance education without taxes, the rich will be able to keep their children out of college. This is a valuable system and we must destroy it in order to fund it.
00:35:00 In the video, Warren E. Buffett, Bill Gates*, and others discuss the current state of America's education system, in which a large percentage of colleges are now funded by student loans. They point out that this is a change that has come about over the past few decades, and that it is a big burden for students. They discuss the phenomenon of "regulatory capture," in which businesses and government institutions become too closely intertwined, leading to negative consequences for society as a whole.
00:40:00 The video discusses the history of bank crises in the United States and the government's response. President George W. Bush signed the Savings and Loan bailout in 1999, which ended the separation of commercial and investment banks. The Obama administration responded to the financial crisis with bank bailouts and rescue packages worth $3 trillion. Some experts disagree with the current course of the economy and argue that it is not sustainable. They are not being asked their opinion and those who caused the crisis are being bailed out while the wealthy get richer. Neoliberalism has a two-fold character: one for the rich and one for the poor. The opposite rules apply to the majority of the population. This is what is expected in a capitalist system, and the trend continues. The population is kept under control by making them believe that the government will help them with their financial problems, even though it has never done so before. The political power of the wealthy is increasing as their costs for political campaigns are largely dependent on big business. United States v. Jones was a very important decision of the United States Supreme Court in January 2009, protecting the rights of corporations. Societies are a legal fiction created by the government to protect the rights of the wealthy.
00:45:00 Warren Buffett, Bill Gates*, and other wealthy individuals have gained "personality rights" over the past century, which has led to them having a greater influence over society than actual people. This is an extreme attack on democracy, as the decisions made by judges in cases like CBS v. FCC (which allowed CBS to receive a public license despite having a history of anti-unionism) are based on reactionary presidents and businessmen who are paid by businesses.
00:50:00 The video discusses the current state of class warfare, and how it has similarities to conditions in the 1920s. The class warfare reached its peak with heavy riots and many casualties on the streets of the city. There is open war with 3000 union members fighting 700 police officers. There have been injuries with over 80 people and costs 2 lives. The reason for this is that you, Warren Buffett, Bill Gates, and others in the 1930s wanted to bring back Franklin D. Roosevelt's "progressive legislation" which they used to the advantage of the general population. At the same time, he had to overcome resistance from the labor unions. He said to the union leaders and others, "I'm forced to do this" (meaning he was going to break the unions). Organized protests became a reality in the McCarthy era, and the business world was terrified. In the 1930s, the economy was frozen in a Depression, but business started to rebound strongly starting in the 1960s under President John F. Kennedy. However, in the 1990s, there was a rapid increase in anti-union campaigns by businesses. This is done primarily for the benefit of the owners, not the workers. Class warfare is a very simple concept: those in
00:55:00 In the video, Warren Buffett, Bill Gates*, and other wealthy individuals discuss the rise of class warfare in the United States, which is apparent in the free countries of Britain and the United States. Thorsten Konsumenten provides an explanation for this phenomenon: a century ago, it became clear that it is not easy to control the population with force. To achieve this, there were already too many freedoms for workers and movements, such as political parties, women's voting rights, and so on. This led to the development of other methods of controlling the population, such as influencing people's opinions and attitudes. One of the best ways to do this is to control what people see and hear through the control of their media. This was written about by Walter Lippmann, one of the intellectual figures of the 20th century, in his book Democracy in America. The public should be kept in their "silos" so responsible people without much knowledge can make decisions without interference from uninformed crowds. This is the ideal we see today with teenagers going shopping on a Saturday instead of visiting the library or movie theater. The idea behind it is to control the population by making them uninformed and letting them make decisions based on their own interests rather than those of the system.

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The video discusses class warfare and how it has played out in the past. It argues that we currently have a class-based system in which those in power use their position to advantage themselves at the expense of the rest of society. Activists have fought for years to improve these conditions, but will need to do more in the future if they hope to see change.