Here is a rough transcription of the presentation for people who are hard of hearing. Apologies for the lack of grammar, I am working to improve the automated transcriptions -
Enzo my Sunday morning I’ve just been to the comments on the peak and started along a comment reply to Johnny Johnny by the quick but thought it would be more constructive if I made it a video reply to everyone to explain what I’m talking about when I bring up examples such as the Chicago teachers who get $70,000 a year plus perks and this that and the other therein example of this people that I know that you will not support not just Johnny button most all reckons okay they will want to bring them down better start with this because I I got confused with my comment it is hard to explain the product of a drive that am trying to explain and it’s nothing to do with the Chicago teachers except they come in just some Z go back to the beginning next go back to the 20s and forward making cars and there was a consensus then of the manufacturers that the workers would be given at the productivity gains that I gained more of it but enough of it the famous one that they wanted out their workers to be able to afford the goods that they were making in the factories mobility model T Ford or whatever that it wasn’t just forward it was across-the-board and this went on let’s say until 1972 about teatime 40 years ago when it will changed and what we got was let’s say one big company broke away but it wasn’t it was a kind of a meme that chess wrung out and what you got and then was a tragedy of the commons that if one was going to break out they all had to break out from that am old idea of paying the workers for that productivity gains because as soon as one company didn’t and put its workers wages down it would be profiting from the good wages being paid by all the other companies the plenty money out there this company that screwed there were workers wages down would be making out like a bandit because they’d screw the wages down but they they aren’t be met still making the profits from all the extra wages being paid by the other companies so the means soon while fired and it was everywhere now it is now just about everywhere you couldn’t you can recall some differences in some companies like Walmart and Cosco but generally we can set everywhere and ever since different things of happening the workers have had to borrow the governments had to come in to give healthcare etc etc to keep the them up basically the companies the business owners have been taking the pace they’re been exploiting the workers there ever been exploiting the situation if you think that’s too Marxist or something that had been exploiting the situation but it’s the first thing because as soon as it was this fella on this fella so is this fella does it needs down here everybody logically has to come to this level or they’re just paying extra for bonus for this one company and any gets good tighter and tighter and tighter as they all do it in one of the videos this week I talked of how it was done very red berries to splitting things into three workers middle management top management middle management the character them is one day they can get to be top management and top management makes that a huge carriage by paying themselves huge quantities of money substitute quantities of money the top management get paid is a character middle management to do the bidding of top management which is to screw the workers okay that it now this is a pervasive museum across the Western world call it the Washington consensus is that what it was that what it was called when it went out via the IMF when it went to a up-and-coming countries are African countries or Indonesia all Asian countries when there were an underdeveloped if they ran into trouble they did this Washington consensus which was just grew everything right down sell it off to the Private and then since the private when Private do all this garden screw the workers right down thing and this is what we now got right across the world that case where the bloody hell did anybody think this is going to go it can only go one way with the top bosses getting more and more more more money middle management will be cut into half where half will know them never get the top and they’ll be screwed at the workers and some middle management and be thinking maybe one day I can be a top boss and get the real big screw at the top and everybody else is being crushed is this bottom little corner one goes out right around the world where most all of the productive workers are being crushed down in the wages wage of think profits are going to go such it’s nothing to do with the Chicago teachers if it’s to do with the fact that somewhere these people here en masse have to rebel against the Washington consensus if they don’t all that happens is let’s get the road and into a corner of the screen crushed them down and down and down but it’s not just that I don’t care of knowing I don’t particularly think care about that okay I’m not worked up worked up about anything but I’m just run the mega strong video doing this screwed entire economy up everybody is just means back tacky least stupid things people do lose out middle management can lose out and in the end top management, lose out companies government lose out countries are going lose out people all over the world are going lose out because it is a Marxist thing when you start screwing wages down you get to a point where the whole company thing can’t make enough profit to exist and have got to lay more workers off and what happens in the Western world are civilised part of it to stop all of the pain on the streets the government takes over but there’s no point the government taking over because the company sector now isn’t big enough and strong enough to support the government and that’s what we’ve got in Europe and at what you can get in America that what began get allover the world but there’s no choice in it it’s a great rolling thing going downhill and it’s so sodding obvious that I point out look if you’re not going to support people like the Chicago teachers as some some attempt to put stakes in the ground to stop this big boulder rolling downhill then the big boulder rolled downhill for ever until everybody get crushed to death near it’s just one of these things that it is just a natural momentum thing and is no stopping it because it’s its own is it with this tragedy of the commons in its something is always existed it’s a natural law it will exist everything will get crushed down and down and down and down and is no point to it it’s just completely and utterly stupid and those know I can understand people’s arguments for this bit more libertarian thing get government off your back button this but the momentum of this thing going downhill will crush any of that you not go to slim government down this is why government isn’t that slimming down and say well it shouldn’t pay itself so much in government and all that it it will relevant competitive whopping great boulder that going downhill which is crushing the entire world and that’s what I’m on about and that’s just kind of an obvious point for the Chicago workers but it’s obvious to me that they’re not going to be supported than nobody is going to be supported anywhere along the line and everybody is going to go just to decades to come sticking things in our eyes and stabbing themselves on the back because unfortunately the way this is this natural law it that individually logical thing to do and the world is made up of billions of individuals and this is what they going to do there are going to stick texts bikie sticks in their own eyes and islanders sit there and watch it near you can have great ideas that something could happen to stop it and things can stop it at all it’s just a natural huge great big round the only thing in motion and it’s going down a bit hill top make things like and put a little tweaking the way support the Chicago teachers I know it’s not and do any good anyway the momentum is just too much into the rolling downhill for 40 years and it’s going to continue rolling downhill and it can to take in hollow the OC OECD and then the developing nations and then they’ll bail everybody is going to get rolled into this little boat rolled downhill and become a horrible horrible horrible mess and I don’t believe that anything can stop it at all we can talk about peripheral things that spinning off it or how life will weaken Rees construct life when the rate big balls at the bottom of the hill for interest sake but it can do no good all we can do is for the rest of our lives watch this great big ball rolled downhill crushing everybody have a good Sunday by
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