From The Rachel Maddow Show May 6, 2009.
…(read more)
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Rachel Maddow Show: Naomi Klein on the Bank Bailouts
The Rachel Maddow Show, hosted by the brilliant and insightful Rachel Maddow, is known for its in-depth and thought-provoking discussions on various political and social issues. One particular episode that caught the attention of viewers was a segment featuring the renowned journalist and activist Naomi Klein, discussing the controversial bank bailouts.
Naomi Klein, famous for her book “The Shock Doctrine: The Rise of Disaster Capitalism,” has always been an outspoken critic of corporate greed and the power dynamics that shape our economies. In this episode, she addressed the issue of the bank bailouts during the financial crisis of 2008, shedding light on the consequences they had on both economy and society.
Klein argued that the bank bailouts were a prime example of the power of corporations and their ability to manipulate governments to serve their interests. She claimed that the bailouts, which were primarily funded by taxpayers’ money, resulted in incredible profits for financial institutions while average citizens suffered the brunt of the crisis. This unequal distribution of wealth, Klein argued, only widened the wealth gap and exacerbated social inequalities.
The discussion further delved into the role of lobbyists and their influence on the decision-making process. Klein expressed her concern over the close relationship between big banks and the government, suggesting that it undermined democracy and fair representation. She argued that it was imperative to hold accountable those responsible for the economic crisis, highlighting the need for stronger regulations to prevent similar crises in the future.
The conversation between Maddow and Klein revealed the pervasive influence of Wall Street in shaping economic policies, particularly in times of crisis. They examined how this influence allowed financial institutions to escape scrutiny and punishment for their reckless behavior, while those affected by their actions were left to deal with the consequences.
Klein’s perspective on the bank bailouts resonated strongly with viewers who had previously questioned the government’s handling of the crisis. Her analysis highlighted the need for systemic change in our economic and political systems to ensure that the burden of financial crises is not borne by ordinary citizens.
Throughout the episode, Rachel Maddow provided a platform for Klein to express her views and backed them up with meticulous research and data. This further solidified the credibility of the discussion and offered viewers a complete understanding of the issue at hand.
The Rachel Maddow Show’s segment with Naomi Klein on the bank bailouts was a powerful and enlightening episode that shed light on the faulty mechanisms of our economic systems. It raised important questions about the accountability of those in power and the urgent need for reforms to prevent future financial catastrophes.
It is through shows like The Rachel Maddow Show that viewers become informed about critical issues that affect their lives. Such discussions challenge conventional narratives, promote critical thinking, and encourage citizens to hold their governments and corporations accountable. Rachel Maddow and Naomi Klein’s collaboration on this episode serves as a reminder that journalism has the power to educate, inspire, and effect positive change.
too bad discussions like this aren't afforded the time needed to comprehend just what is going on and what's at stake…and as far as Naomi's concern about what happens to the rage created by this unfair system and unconcern for the citizens, I believe it has manifested itself as Donald trump as president…
I really enjoy listening to Naomi's perspective on this subject – and on all political subjects – especially neoliberalism! I am a huge fan of hers and wish more people would really listen to what she is saying….. her solutions would solve many issues not only in America, but most countries that adopted Neoliberalism way back when. Great woman doing great things! Keep it up!
1- He posted this comment 1 YEAR AGO. Get a life!
2- He didn't say she was RELIGIOUS. Get a life
3- Form a real opinion or shut the hell up
Naomi is brilliant, and damn it anyways for her being so friggin' hot! God hates me for not letting me marry her.
@autumnsylver
According to a Micro-cephalic like you yes she would seem intelligent .
@mpc91
If your referring to Naomi Klein then you're 100% dead on
@MrTomniall
Ireland makes me sick now. Your a liberal country now that has been reduced to street shit
@Ejwoods08 – She's not a journalist, she's a pundit. She doesn't deal in facts, she deals in half-truths and lies told so many times they seem true. But she's not interested in facts.
@Ejwoods08 – the Federal Budget has gone from just over $2 trillion in 2000, to about $3.5 trillion this year.
Maybe you just aren't looking… or maybe you don't want to see it. Because it's really, really, really tough to miss.
Naomi looks like a young Nancy Pelosi, just as crazy too. Rachel Madow is a lesbian.
She's very intelligent, but she's not a very good speaker. She keeps saying things like "th- th- th- th-… uh- uh- uh- uh… a- a- a- and"
@wiley789 – It's called the truth. I have stock in the truth. It's free. Get some.
@RicPhlare – EXACTLY!!!! Thank you.
She's right that disasters are used to make people accept what they ordinarily wouldn't. Then she fails to realize that those things accepted are the opposite of what she suggests.
Government is not shrinking. It's growing. Exponentially.
She talks of the "massive transfer of public wealth to private hands", when the opposite is what has really been occuring.
@intelliman – You're the one saying nothing. Left-wing politics is the politics of envy and identity politics. The last Presidential election proved that. The United States is going broke. The last congressional election was about that. You're the one on need of a reality check.
@Blakeontape – Klein calls it 'disaster-capitalism'. Klein blames the 'capitalists' and the politicians as tools of the 'capitalists, especially the Republicans. Her solution is a massive and powerful government using Marxist ideals. She is a fucking idiot. The truth is that what is happening is 'disaster-socialism'.
@Blakeontape – You can read Klein if you like the class warfare marxist ramblings of an imbecile. If you want to flush your money down the toilet buying her books, go for it. The problem is Keynesian economics – it isn't a 'Republican' or 'Democrat' issue. Both parties have done the same basic economic things for decades – the true differences are superficial. Klein is economically retarded and her entire premise is from an economically retarded viewpoint.
@RicPhlare How does any of what you just claimed as reasons for economic collapse and inequality differ from what Klein said on the show? It doesn't it just came from people you happen to agree with. Still none of what you said supports any of the conservative positions on the issue of economy. Who is paying the debt, the people who have already been economically weakened by 20 years of Republican policy. I've read Friedman and I like Ron Paul, I just don't see why I can't read Klein too.
@Blakeontape – GDP in strict dollar terms goes up because governments create money out of thin air. Real wealth goes down for the same reason. Wages are going down because the US economy is going from an industrial, production-based economy built on savings to a consumption-based, economy built on mountains of debt.
Instead of reading the moronic ramblings of media idiots, try Friedrich Hayek, Milton Friedman, Ron Paul, Peter Schiff – people that actually know something about economics.
@Blakeontape – I don't go on wild goose chases based on 'statistics' that liberals pull out of their asses. "Billionaires" don't earn "wages" either.
@Blakeontape – She's been a lefty columnist in Canadian newspapers for years. She has no credentials in economics whatsoever. She was born into a family of communists and socialists and has a degree in the left-wing field of, ahem, "journalism". In other words, she knows fuck all.
@RicPhlare I assume by the ridiculous Karl Marx comment, your credentials are from the Tea Party Express webpage. Please refute the argument presented my Ms. Klein, since you seem to have a much better grasp on the situation as the lady who has spent years investigating and researching the issue. I would love to hear your explanation for why GDP has gone up while wages go down, why billionaires have seen a 140% increase in wages, while workers a 21% decline in the last 25 years or so. Please.
@Blakeontape – Klein's credentials in economics are taken directly from Karl Marx. Naturally her line of bullshit resonates among the economically retarded viewers of Roger Maddog.
she is so great at explaining this.
If you just fork over everyone's dollars to the God damn bankers, there is then no incentive for them to create any loans to earn an income. Since they have it all already, they'll just wait for the market to tank and buy off everyones labor and real property for pennies on the dollar.
@MrTomniall
Speaking as an Irishman, you're being very simplistic there. Those of us who railed against going into euro where shouted down by the rest of the fucking morons in the country. Cue too low interest rates, cue an asset boom, cue a government taking half of the revenues of the construction industry in taxes, which they used to ensure the median taxpayer in Ireland paid an effictve tax rate of 4%, checked money at the public sector and welfare. Revenues gone, expenses remain.
Not to bring religion into this, but she's another brilliant Jew.
Greetings from Iran
Naomi could have been talking about Ireland in 2010. Crony capitalism is alive and well here. The IMF are upon us and now we are in structural adjustment. We've lost our sovereignty to the EU.
What is being called "rage" is to a great extent just "voter involvement". Like a fever, it is the body's reaction to a destructive element. It has yet to reach its zenith. After that it will smooth out.
@booley "example of deregulation… is one." try reading anything that does not have a leftist slant that actually defines what a free market is. Preferably one by Ludwig V. Mises, Adam Smith, F.A Hayek .
You're understanding of Free Markets can only be likened to that of a Chinese Censor claiming Chinese men & women are"Free to speak". The same argument are not only put forth by Klein, but all leftist who conflate 2 similar, but irrelevant events.
They call it "checkmate" when that happens.
@booley Sadly you can't seem to be unable to get out of the box you're still in. I don't mean that in a condescending tone but rather I say it in the way that you're arguments are being put forth, which are inherently one sided and self aggrandizing.
I'm not sure why you began your tirade on my views insofar that you began to liken my personal views to those of Neo-Cons & other protectionists in our country.
You still can't name one time where Monopolies are true under free markets. Ironic?
@goodatbasebal BTW, if you need a more comprehensive account of how "free market reforms" destroys competition and leads to consolidation and "monopolies", then you already have it.
You said you read all of Kleins books.
This is a common theme in her work. Which makes me wonder how you kept missing it.
In any case, No Logo at around pg 159
@goodatbasebal I got a better idea.
Define what you mean by free market. It seems to mean whatever you need it to mean at that time
You seem at odds with those that push "free market" policies.
As for an example of deregulation leading to more consolidation, the telecommunications act signed by Clinton is one.
Plus saying my position is faith based right after I said your position looked faith based, kind of unoriginal, isnt' it? Like going "I'm not, YOU ARE."
@booley Hmmm Like I said, you may have "Deregulation" but that does not mean that market is completely free. The definition of technically means "liberalizing" but you cant call it a free market nor is it a freemarket when there is still so many regulations.
I have read klein & seen all of her videos, to be honest I saw all of them before even bothering to read the opposing view.
Please show me one time where your anecdotal evidence has been true. You keep giving me faith based evidence.