In this episode of the Keiser Report, Max Keiser and Stacy Herbert are joined in the first half by Russell Brand to talk about the austerity headlines. They chat about the UK government’s expanding debt and growing deficit, despite the alleged austerity and GDP expanding thanks to heroin addiction and prostitution. Russell learns about the water cannons bought for use against anti-austerity protests which the government itself will stoke. Finally, they talk about the people revolting as they must do when the social contract has been broken: and crypto currencies are one of the most visible revolts. In the second half, Max interviews Russell Brand further about his independent media outlet – The Trews; they discuss revolution and spiritual journeys.
If one person has what one person wants, and the other has the money to buy, a financial transaction takes place. Both parties are happy. If we aggregate all such transactions, we get GDP, and it thus follows (as conventional wisdom would have us believe), as GDP rises, we must all be better off. Only it is not so. We could have, as we had with the winter floods, a major catastrophe, the cost of clean up will be reflected in GDP. If we include drug dealing, more heroin addicts, GDP goes up.
Up until the 1950s, 1960s, material wealth rose, sense of well being rose. Post-1960s, material wealth continued to rise but sense of well being did not. We are now seeing a flat-lining of GDP, zero growth, a transfer of wealth from the poor to the rich.
Talking to many people, I find dissatisfaction with the political system, a strong distrust of politicians and revolution in the air. Police must be picking up same intelligence, hence the desire for water cannon. But, you do not need water cannon, rubber bullets, riot police, for happy people.
Why did the 50,000 who marched against austerity, occupation of Vodafone, occupation of Boots, somehow slip the attention of the mainstream media? Could it be because it may give people ideas, encourage others?
- Sacred Economics
- Distorted news coverage by the BBC
- The Zero Marginal Cost Society
- The Commons as a Rising Alternative to State and Market
- Russell Brand on the need for revolution
- A sense of the masses – a manifesto for the new revolution