Democracy Now! premieres “The United States of ALEC”, a special report by legendary journalist Bill Moyers on how the secretive American Legislative Exchange Council has helped corporate America propose and even draft legislation for states across the country. ALEC brings together major U.S. corporations and right-wing legislators to craft and vote on “model” bills behind closed doors. It has come under increasing scrutiny for its role in promoting “Stand Your Ground” gun laws, voter suppression bills, union-busting policies and other controversial legislation. Although billing itself as a “nonpartisan public-private partnership,” ALEC is actually a national network of state politicians and powerful corporations principally concerned with increasing corporate profits without public scrutiny. Moyers’ special will air this weekend on Moyers & Company, but first airs on Democracy Now! today. “The United States of ALEC” is a collaboration between Okapi Productions, LLC and the Schumann Media Center.
Thousands of people surrounded the Spanish Parliament in Madrid on Tuesday to protest austerity measures and the loss of public confidence in elected leaders. The “Occupy Congress” protest came as the conservative administration of Prime Minister Mariano Rajoy prepares to unveil further austerity measures on Thursday. After hours of protest, police in riot gear charged against demonstrators with batons and fired rubber bullets. Thirty-five people were arrested and at least 60 people were injured. We go to Madrid to speak with independent journalist Maria Carrion.
Leo Panitch and Sam Gindin (authors of The Making of Global Capitalism: The Political Economy of American Empire): As long as effective demand remains low and banks demand austerity to protect their assets, the crisis will deepen.
Part Two: The Crisis and Who Has the Power
Major structural change or effective short term reforms requires addressing democratic decision making starting with making banks a public utility.
Michael Hudson (Department of Economics, University of Missouri, Kansas City, and author of The Bubble and Beyond): Shoveling money to the banks not meant to create jobs, it’s a way to give banks even more speculative capital and prepare them for another meltdown.
We as a society view our monetary debts as a moral issue: We took out the money, we should have to pay it back. The problem with this logic is that the money we are giving the banks, financial institutions and our government never existed before the interest we incurred piled up.
Pam Brown of the Occupy Student Debt Campaign and Strike Debt says there’s another way out of our predicament: If our numbers are large enough, we can collectively refuse to pay back the trillions that are being extorted from us.
Dr. Jill Stein, Green Party candidate for President joins Thom Hartmann. Part of the reason why there is so much bickering and gridlock in Washington is because the US government is a two-party system. How would our democracy be different with a third major party – and could the Green Party be that party?
