Who Wants to Be a Billionaire? (1981-Today) • 2023 • episode "S1E3" American Capitalism – The Cult of Wealth

Category: Economics | Subtitle:

The federal welfare state controlled American capitalism until the 1973 oil crisis and recession, which led to the election of the ultra-liberal Ronald Reagan. At the dawn of the computer revolution, a generation of entrepreneurs, including Bill Gates and Steve Jobs, emerged in Silicon Valley around Stanford University, which combined public and private research.

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American Capitalism – The Cult of Wealth • 2023 • 3 episodes •

A Paradise for Millionaires (1870-1920)

At the end of the 19th century, a club of millionaires — John D. Rockefeller and his oil monopoly, steel king and philanthropist Andrew Carnegie and banker J. P. Morgan, who financed the Industrial Revolution from Wall Street — took over the United States, where immigrants provided a labor force that was ruthlessly exploited.

2023 • Economics

Making the Rich Pay (1921-1946)

The millionaires' paradise was destroyed by the crash of 1929, which plunged the country into the Great Depression and mass unemployment. Enraged by greed and tax evasion, Democrat Franklin D. Roosevelt, reelected in 1936, advocated controlled capitalism.

2023 • Economics

Who Wants to Be a Billionaire? (1981-Today)

The federal welfare state controlled American capitalism until the 1973 oil crisis and recession, which led to the election of the ultra-liberal Ronald Reagan. At the dawn of the computer revolution, a generation of entrepreneurs, including Bill Gates and Steve Jobs, emerged in Silicon Valley around Stanford University, which combined public and private research.

2023 • Economics

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A Paradise for Millionaires (1870-1920)

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The Humane Economy

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S1E6Curiosity Retreats: 2016 Lectures • 2016 • Economics

Propaganda: The Manufacture of Consent

What makes an entire country take self destructive decisions of eating unhealthy, smoking cigarettes & going to war? In 1916, Woodrow Wilson ran on a platform strongly opposing US entry into WWI. But just a few months after taking office, the United States declared war on Germany. Soon after, the American people, so firmly opposed to the war just a year earlier, were enthusiastic supporters. What happened? The short answer: Sustained consumption of propaganda! PROPAGANDA: THE MANUFACTURE OF CONSENT is a revealing documentary about how public relations grew out of wartime propaganda-and a portrait of one of the key architects of the field, Edward Bernays. The nephew of Sigmund Freud, Bernays refined the techniques used so successfully during the war to sell products to consumers, and ultimately to sell capitalism itself to workers. Public relations was also critical in building support for the New Deal, and in the pushback against it from the National Association of Manufacturers, which created materials including films aimed at children on the glories of manufacturing. Bacon and eggs as part of a hearty breakfast? The work of Bernays on behalf of a bacon company. Cigarettes as a sign of women's liberation? Bernays, again. Casting the democratically elected government of Guatemala as a Communist threat to justify US invasion on behalf of the United Fruit Company? Once more, Bernays. There was nothing shadowy about Bernays. He wrote a book detailing his techniques and discusses them in an archival interview with Bill Moyers from 1983, where we see his pride in hijacking the women's suffrage movement in order to sell more cigarettes—one of many illuminating moments in this film. Featuring Noam Chomsky, Chris Hedges, Public Relations Museum co-founder Shelley Spector, historian Stuart Ewen, sociologist David Miller, and Bernays' daughter Anne, PROPAGANDA offers an insightful look into the development of public relations techniques, and how they continue to affect us today.

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