Have you ever listened to a speech by Elizabeth Warren from her professorial days?
I just came across this YouTube video and I just had to share it. It is a speech given by Warren at a college in 2007, a few years before she ran for the Senate and shortly before the start of the recent recession. The topic is the collapse of the middle class. The speech is just under an hour. I did not intend to listen to the whole thing, but I found that I was unable to turn away.
Warren starts out by presenting a bit of a mystery. She wanted to know why individual debt was increasing. In what areas were people spending more money? Do you think you know why? You may be surprised by the answers. Warren admits that she did not know. With humility and passion she shows what she learned from government statistics. She gradually builds her case, giving a solid argument and bringing in a fair number of statistics while managing to hold our interest.
If, as seems likely, the Democrats lose control of the Senate, I hope that Warren reconsiders her decision not to run for president in 2016.
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I think her analysis was very dry and quite superficial. She doesn’t really go into the incentive structures and the systemic reasons for why private debt has risen so much in the first place.
I’ll maybe go into more depth later on with another reply.
I wish that more people in politics were as thoughtful as she is. She is my kind of progressive.
@Kropotkin , What I found interesting is that the expenses that have risen most are the ones that in socialist countries are handled to a much greater extent by the government – health costs, college costs and unemployment compensation.
thankfully no. Is that when she was calling herself an American Indian? I think there are already too many liars in politics.
Who was it said “My minds made up, don’t confuse me with facts”?
Warren, yes. Clinton, no.
She’s referring to Canada, Sweden, etc.
Thank You. The woman is an absolute godsend. My great fear is that she is probably too late. I’ll bet not one person in 10 out of the people who vote in this country has the wherewithal to understand one word in 10 of what she is talking about. And then again, not one in 20 has the attention span to sit through the lecture to its conclusion.
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