Wall Street Kingpin Admits the Game is Rigged

Former Secretary of Labor Robert Reich is joined by former Wall Street kingpin Asher Edelman, the corporate raider who inspired the character Gordon Gekko in the 1987 film "Wall Street." Once on the opposite side of Reich in the debate over Wall Street greed, Edelman now joins Reich in calling for financial regulation, and admits the error of his ways.
Watch More: Reddit Exposed the Truth About the Stock Market ►► • Reddit Exposed the Tru...
#gamestop #wallstreet #stockmarket

[@hellNo116]

Jesus, I didn't expected him to appear let alone admit he was wrong... Ok, this is actual real growth.

[@marccolten9801]

What's he got to lose? He gets to keep money.

[@hellNo116]

@@marccolten9801 I know, but ppl are stubborn. I don't like a broker. I am surprised a real life person actually admitted they were wrong in a real life policy proposal. How many ppl in your life you know that are willing to admit fault no matter how much time has past. It rarely happens to me so it really left me speechless

[@CamiloSantana]

Age... facing mortality can be a great teacher. Or perhaps he experienced some kind of, "observer's effect" from his vantage point. Question is, "what's he doing about it?" If nothing, then the admission at this point is as useful as tits on a bull.

[@hellNo116]

@@CamiloSantana I know, and you are right. However I doubt anyone who had his life will advocate for the abolishment of stock market. Let alone being taken seriously. Many ppl will dismiss him because he has profited all his life from it,so any criticism will mean nothing to most. Realization for mortality it is a great factor in improving one's self

[@gyneve]

Could be he's just hedging his bets by "repenting" before it's too late.

[@SANITIZEDINC]

Admitting you were wrong. Huh. Imagine that.

[@beckymayfield8804]

I would appreciate your opinion on my playlist, thanks ...

[@andreah6379]

Yeah, but now he's crappy, filthy rich.

[@jinodapuppet]

It's called 'being human'.

[@esthermclauchlan3146]

It's called being an adult... Says a lot that it's so rare to hear these days

[@stephencook7337]

More of a grownup than police...

[@77mcmarine]

Hindsight... We grow old fast, and wise slow.

[@davidpeppers551]

Riech had foresight. Remember? People were there saying it was wrong. Money was more important.

[@eliyahubenysrael6272]

Truth

[@nil981]

And we die even faster under capitalism.

[@IMeMineWho]

As a Wholigan, might I recommend the tune I Got Wise by The Who!😊

[@thedebatehitman]

1:27 Just like Bernie, you’ve been on the right side of history for decades.

[@FreedomFighter1776]

Reich is a Marxist fraud. Big deal if he found a rich leftist. Capital investment is the difference between us and third world countries. Thank a billionaire. Smart responsible people save and invest in stocks for retirement. A safe simple S&P500 index fund will pay over three times as much every month in retirement as the same money in our Social Security Ponzi scheme.

[@mckinneym.2743]

@@FreedomFighter1776 you’re literally just saying buzz phrases. It makes your whole comment come off as a tad unhinged.

[@1MarkKeller]

@@mckinneym.2743 And un schooled.

[@eddapultstab2078]

@@FreedomFighter1776 also, social security is not a ponzi scheme. It was a system you pay into and accrues overtime to retirement. What changed is the Reagan years mostly. congress in there "infinite wisdom" at the time sacked the funds in holding for other projects so now it can't support itself because the money you put in was outright stolen so now its a hand to mouth system and nobody has really railed against it.

[@FreedomFighter1776]

@@mckinneym.2743, there's more truth in my "buzz phrases" than anything from Reich the Marxist fraud. www.forbes.com/sites/paulroderickgregory/2013/09/10/robert-reichs-f-minus-in-economics-false-facts-false-theories/

[@1MarkKeller]

Rigged against the regular person and for the rich.

[@1MarkKeller]

@unarmed blackman It's not the stock doing the "knowing"

[@pvw732]

@unarmed blackman there are many trades and trading techniques that aren't available to regular people buying/selling a few thousand $ worth of shares.

[@jluvs2ride]

Wah wah the rich. Wah wah the rich. Wah wah the rich. Wah wah the rich. Wah wah the rich.

[@1MarkKeller]

@@jluvs2ride womp womp womp

[@jluvs2ride]

@@1MarkKeller cry me a river little girl.

[@ComicBookGuy420]

You mean to tell me unrestrained greed with practically no oversight was bad for the economy😱

[@ComicBookGuy420]

@@Zach-ju5vi you're going to need to rephrase

[@MM-nh8ez]

The truth is, there may have been some good intent in some of these ideas, even Friedman’s. They likely were trying to rebalance something that may have needed it, saw some problems that did exist, but they ignored the downside, for far, far too long and have operated like an insider cult since then.

[@ComicBookGuy420]

@@MM-nh8ez yeah that's where the no oversight came in

[@jluvs2ride]

@@ComicBookGuy420 every one acts out of self interest.

[@ComicBookGuy420]

@@jluvs2ride To the point where they knew they were riding the economy into the ground and continued doing so anyway, knowing the crash was coming No, not everybody acts like that, that is being nothing more than a bloodsucking leach

[@DrumWild]

He can admit that he's wrong, now that he's probably retired.

[@thunderpooch]

Grab all the money, then get morals. It's the American way 🙄

[@aceous99]

@@thunderpooch From Catholics to Mughal Emperorrs

[@John-PaulHunt-wy7lf]

“Goes Out With That LOSER Patrick Bateman”#shorts #patrickbateman #americanpsycho #paulallen

[@Lupinthe3rd.]

@@thunderpooch that been the way of humanity since Adam boned Eve.

[@kickinvideo333]

I just watched both of Oliver Stone's Wall Street films and was struck by the accuracy and profound assessment of the state of the Oligarchy as portrayed & presented by Gordon Gekko

[@wtf_usa5597]

That's because Oliver Stone has been looking for America's soul ever since it got lost in Vietnam.

[@nicholasdickens2801]

They are very good films.

[@youtubesucks1499]

I LOVED Gordon.

[@THEMithrandir09]

What a guy! Not only admitting to his mistake but stepping in front of a camera and owning his own mistake 33 afterwards, just wow!

[@RenatoKestener]

@@daisyday2761 exactly... with the pockets full you can say anything

[@frigginjerk]

@@RenatoKestener Yeah, but there are still millions of people who believe (or claim to believe) that tax cuts for billionaires will help poor people. Something like this is at least a step in the right direction, even if it is tiny, mostly meaningless, and self-serving in spirit.

[@camelopardalis84]

"admitting" "mistake" Don't kid yourself.

[@macrumpton]

Yes, it was all a terrible mistake, but I'm a multimillionaire now, so I can condemn what I did because it doesn't matter any more to me.

[@camelopardalis84]

It was a moral failure, not a mistake of any kind, and it's not like he wouldn't do it again in a heartbeat.

[@mrclueuin]

The fact that you both could have a civil debate back in the day is astounding today. I had forgotten that was once possible. Thanks for that! ☺

[@mrclueuin]

@@daisyday2761 Ya, well I was talking about the clip he showed of them debating on a PBS broadcast; (or whatever), back in the 80's. But hey I also think that it's great that the guy admitted he was wrong back then. Also he did it on Mr. Reich video channel in front of thousands. So better late than never, right?

[@allaboutmusicmovies9606]

It is still possible.....in other countries 🙂

[@poposterous236]

How dare you, how dare you say that people don't have civil debates nowadays. You'll be hearing from my twitter account, sir.

[@allaboutmusicmovies9606]

@@poposterous236 I guess that was a joke, but you can never be sure these days :)

[@dreamervanroom]

@@daisyday2761 oops sorry but you cant have it back. Muhahahaa gloats.

[@adequatebus8280]

it’s easy to open the cloaks of hubris, offering a glimpse into reality, while sitting on a hoard of value, from a grand room in a mansion bought on the pirated dreams of millions. -C

[@f_USAF-Lt.G]

😂😂😂 yeah he's said that...

[@justforthehackofit]

and very few then actually do that. so still a win.

[@ey67]

True. Wonder why he did it.

[@grudzz7049]

How articulate and true..the best comment ive heard by a long mile, well said sir....

[@shesh2265]

Biggest i told you so ever, thirty years later

[@JC-qq9sw]

He still got rich tho

[@bovinityleak2066]

Look at you as a youngster! You have been fighting the good fight and spreading knowledge for a long time. Thank you thank you. You have made a huge difference sir. All respect!

[@annsanse2935]

I'm shocked, shaken & stirred.

[@dougmartin7129]

It’s so weird to hear your voice coming out of some other guy.

[@EricaNernie]

Wow. Need to hear more. Could you possibly have an extended interview with Mr Edelman on the GFC and what alternatives he proposes for the present situation? It's pretty obvious that it's notworking for the majority and something needs to change.

[@aussie8114]

I guarantee he knew it was a scam back then.

[@jc.1191]

He made his money, now he feels the tide turning, wants to look good. At least he admitted it tho.

[@f_USAF-Lt.G]

The terminology "hostile takeover" wasn't with the "my little pony" mindset

[@quinndawsonosgood5261]

Yep

[@whatwherethere]

@@jc.1191 words don’t cost anything. Admit it in a class action lawsuit?!

[@lorenzoblum868]

@@quinndawsonosgood5261 yep yep

[@defmagica9139]

If only we had power to do anything about it

[@politicallil7060]

You do have the power to do something about it stay out of the markets especially if you are not a well-oiled shark.

[@whatwherethere]

@@politicallil7060 when the Gov/Fed enters the market we all enter the market. As if there are markets, there is no price discovery in fiat.

[@id10t98]

You have the power! Stop working, the rich hate it when their peasant workers dont (have to) show up.

[@maythesciencebewithyou]

You can avoid buying stuff from their companies. You can decides not to play their games. But as long as you are alone and we don't stick together, nothing will change, as you'll be a tiny fish swimming against the stream. You could of course vote for politicians who would stop this, but the mjority of people don't want that, because they were made to believe that those kind of politicians are the worst of the worst. Basically, who is we? There is no we. We are not united. Ther are many selfish individuals among us who see themselves as temporarily embarrassed millionaires. We could topple those at the top, but then what? Who'd replace them? Chances are that worse people will make it to the top, and you'll be the fool who helps them get there.

[@davidlafleche1142]

Never buy or sell stock. If you own a business, keep it to yourself.

[@leifcatt]

I would like to see an extended interview. I think it would be great stuff!

[@jamesjolley447]

Absolutely!

[@lorenzoblum868]

On the golf course....

[@rufomendoza4220]

I love the humility of this exchange of ideas. I got goosebumps when you introduced your guest and he started talking. Clearly, it's not a matter of the bigger ego.

[@downhilltwofour0082]

Now that is respect! How many people find in their later years that they were totally wrong when they were young?

[@lorenzoblum868]

He knew he was wrong from the start... Blinded by greed

[@dammitol25mg19]

Always felt "casino" was too kind a term: it's a rigged casino. Far worse.

[@bymagix8923]

What is inherent to any casino: You can get a feeling of winning, you even can actually win, but in the end the bank always does.

[@Pun116]

All casinos are rigged. If they weren't, they wouldn't be called casinos.

[@jimilee4660]

"The first casualty of war is the truth." "History is written by the victors." "If you don't learn from history, you're doomed to repeat it." Translated: You're doomed to repeat it.

[@lorenzoblum868]

Doomed to repeat it until you wreck it once for all...

[@johnnyzeee5215]

George Carlin used to say, about people who run things, like business, and government, " It's a private club, and you ain't in it."

[@ParanoidFactoid]

Also reference, "Barbarians at the Gate" by Burrough and Helyar about incompetent leadership at RJR Nabisco.

[@cynthiahofer2903]

Well, that was fun. We were all pretty cute back then.

[@CADJewellerySkills]

I absolutely love how that was a civil debate, and you're still able to have a civil discussion with them. If only that was still true in modern news media.

[@uptick888]

Carl Icahn and Frank Lorenzo hated in the airline Industry ruined TWA and Eastern AIrlines Corporate raiders and got away with it..ruined many lives..

[@grams5861]

Wow, that is great. Not all of us old boomers are stuck in old-fashioned ways.

[@f_USAF-Lt.G]

It's really awesome to get the interview going again, and it was needed 20 years ago... But, still a great thing for today

[@mykldean]

Asher Edelman did not appear with his tail between his legs. He said greed took over by the time he was jumping out of the game. Talk to any financial person and if it's an honest one they'll tell you it's rigged for rich people. It's not a secret anymore, as a matter of fact we need to get a grip with the fact that it's very much rigged/a fraud.

[@bstorm4413]

Ok, so is he going to give the money back, undo any of his damage? Nope, he is crying all the way to the bank.

[@batsman2755]

And they wanted us to give them Social Security to "invest"

[@jharvey560]

Not sure he'd want to go there, but it sure would be great to get a clairvoyant truth-teller like Robert Reich back in the cabinet. Worked out pretty well for the William Jefferson Clinton administration.

[@kevinconrad6156]

Believe he quit the Clinton Admin because he was being ignored.

[@voidisyinyangvoidisyinyang885]

sounds like the typical Cat who ate the Mouse argument. You know - attack the Capitol and then say, "Let's move on and not focus on the past." He probably got his junk bond scam on and then got out while the going was good. Talk is cheap. Now he can be enlightened or whatever.

[@MartintheTinman]

I didn't think it was possible for a greedy person to change their ways

[@dianedenham5259]

Age. Ageing gives people perspective.

[@jerrybronham]

Might be doing that just to cleanse his soul a little bit before he kicks the bucket. I guess he's trying to get a condo in hell instead of being out on the streets.

[@timothysatyr6674]

well I dunno, perhaps if he got out in 88 he might not be "that" greedy

[@ComicBookGuy420]

He's richer than God He didn't change anything just admitted he knew what he was doing was wrong

[@ey67]

It isn't.

[@melissawatkins7332]

Because I'm a nerd and only had PBS growing up, I remember that debate. I didn't understand it, but it was really amazing to see it out of the blue, and to see both of you, looking amazing. I've been trying to write about the "Greed Is Good" phenomenon that happened right as I hit high school and watched the US become a bratty, entitled, rude and fearful society.

[@stevenshumate3430]

Well with the benefit of hindsight and a well padded retirement nest egg sure it might be ok to side on the obvious. Congrats on telling the truth I suppose.

[@Aaron-rt3zo]

beep boop im here for the almighty YT algorithm!!! lets send this to the moon!

[@danspawn85]

I remember when this guy said that Bernie was the best candidate for the economy, because Bernie's plan focused on the "velocity of money" as Asher put it. kzbin.info/www/bejne/l2rbhImwmbqBp9E

[@catsupchutney]

Now that Edelman has is earnings safely socked away he has an epiphany.

[@ComicBookGuy420]

Yeah it's funny how that happens

[@source5729]

How gracious of him!

[@bymagix8923]

Is there a longer version of your discussion/talk? Id appreaciate if youd share more of that experienced, enlightened person. Thats a lot of potential content id enjoy :)

[@skidrowoffroad]

Twenty years ago I worked for what was then a large, profitable corporation. The top management became so concerned about the next quarter's share value that long term growth and stability were ignored. Naturally, they made themselves ripe for a takeover and that's exactly what happened. Today, that company is little more than a memory with most of its facilities closed and employees laid off. I have never claimed to be an expert on business, let alone big business or Wall Street, but even I could see that what they were doing was wrong and would lead to failure. Believe it or not, the top management was surprised when it happened.

[@TagGeorge]

Or they pretended to be as they walked away with golden parachutes.

[@rom65536]

True victory doesn't come from the defeat of your enemy, it comes from teaching your enemy to be your friend.

[@id10t98]

And they say most people become more conservative as they gt older! I've only gotten more liberal lol

[@sheilbwright7649]

A moment of integrity, has he retired from Wall Street? What is going to do to repair the damage he did?

[@quinndawsonosgood5261]

He's been railing against wall street excess for a few decades now. He endorsed Bernie Sanders in 2016 as the only candidate with a financial plan that would work for all Americans on Fox Business in a classic interview.

[@sheilbwright7649]

@@quinndawsonosgood5261 Thanks for that,. I am pleased to hear that because too many claim to see the error of their ways but wish to retain the benefits of their errors.

[@MC-br1gk]

I love you Mr Reich!

[@sohamdatta3112]

Ayn Rand did the damage about 35 years before Gordon Gecko😐😐

[@cplassen2138]

She just wrote some mediocre fiction. Alan Greenspan did the damage.

[@fredericrike5974]

@@cplassen2138 He had help going back to Nixon and earlier. Nixon took us off the gold standard- not necessarily a bad deal, but he also was the beginning of loosening the investment bank leverage rules- banks were being allowed to have debt ratios way higher than their net or deposit worth- until Lehman Bros was a 38 to one in 2008. The rest were only a bit better.

[@cplassen2138]

@@fredericrike5974 Okay, you're packing a lot into that post. Suffice it to say Greenspan was an admitted Ayn Rand "objectivism" dipshit, was the primary muscle behind the repeal of Glass-Steagall, and publically admitted he blew it in 2008.

[@fredericrike5974]

@@cplassen2138 That and $7.50 will get you a cup of coffee at Starbucks. Loose banking policy was the major engine that drove the US and most of the world into the Great Depression of '29. That was well before my time- I think Moses was short stopping for a minor league team back then. My Middle school civics teacher saw Ms. Rand as an idiot- and I agree, totally. Greed may be an operating principle but so would any form of authoritarianism- it's still got bad written all over it. Greed, like authoritarianism, leads folks in powerful positions to do stupid, mean, hurtful things. The best and most benevolent dictator just sets you up for the inevitable next guy to rob you blind- damn near every time on the first time. Napoleon Bonaparte was the French Mobs darling when he made himself Emperor, promising to bring France back to those golden years when she was ruler of the world. And he wasn't really a bad sort till he started believing his own PR and took two million men to conquer Russia, and came back two years later without the Russian slaves and treasure and only had 20 odd thousand survivors. History is some funny stuff- some of it is very hard to laugh at and ignored at considerable peril.

[@cplassen2138]

@@fredericrike5974 Okay, for whatever reason, you've gone on a rant equating greed with authoritarianism. This has literally nothing to with what I posted in any way. Everyone has a right to their opinion, and your'e no different, but whatever you're doing with that post belongs in another thread.

[@kachahaan1660]

1:50 EXACTLY !!!!! Greetings from Germany. Unfortunately that U.S. business culture came also to us in Germany. Well Asher can now admit he was wrong but let not forget the pain and blood he and his thinking brought to societies. In German wie say ASOZIAL.

[@thefamilyman9628]

Please get longer videos. I’m learning so much. Love the way you bring this information from a historical standpoint

[@jonunciate7018]

Admitting you are wrong... after you are old and retired. Like politicians that suddenly have morals on their last term in office. He may admit he was wrong but he's still wealthy from it. Words are cheap.

[@barbm2375]

Did this just happen? I’m incredulous.

[@floydblandston108]

For all you lucky lefty kinder, coming of age in an era listening kindly to your views, consider what it was like for those of us in agreement with Sec. Reich during our college years.... I was politely, but forcefully, told to leave one Econ section after arguing against the instructors assertion that labor was a movable commodity. During the Reagan years, even the traditional views contradicting reactionary economics were shut down, and disregarded as stupidity. This from people clownishly masquerading as 'conservative'!

[@liv4themoments]

Is there long-form for this interview/conversation? I would love to hear Reich and Adelman talk at length about the state of the economy and corporations today.

[@gregoryhunter6002]

I though Gecko, etc., was wrong then. If you have any relationship and one person is just too greedy, that relationship will fail and probably fairly quickly. Expand that to the world and it can only have a negative outcome.

[@nil981]

Greed should be punishable by death.

[@markperry1603]

I'd personally like to see the whole conversation. It seems like there was a bunch cut out.

[@widowkeeper4739]

Thank you Robert and Asher, I hope you guys get to talk some more soon. I'd be very interested to hear more of Asher's perspective and reasoning.

[@RobCummings]

Great follow-up! Mr. Edelman was also a good sport for consenting to your interview. It's amazing how the passage of time scrubs away the BS and leaves plain facts and obvious results in its wake. Even David Stockman, director of Reagan's OMB, admitted that the supply-side story of Reaganomics was just a cover to get bigger tax cuts for the rich, a few years after he had left his government post. Telling the truth doesn't cost much, when you're out of the game.

[@SS-xl6lo]

Trust is lost All ours institutions are corrupt

[@johnjuhasz7476]

It was definitely one of those things I noticed at the beginning of the 80s when I was licensed to sell securities as well as life insurance. Greed, even among normal people, expecting immediate results overnight, was quite prolific. It doesn't seem to be any different these days either.

[@gking407]

This video topic could have been two rock collectors arguing, but to see two adult men debating the subject NOT attacking each other is actually wonderful

[@quinndawsonosgood5261]

Asher Edelman endorsed Bernie Sanders in 2016 as the only candidate with a viable financial plan to help every American. His interview on Fox Business is an absolute classic.

[@johnmartin4641]

Bernie can’t claim to be helping every American when he wants to raise taxes massively on one group of people to give handouts to another group of people who made bad choices.

[@quinndawsonosgood5261]

@@johnmartin4641 bootlick much lol. Actually when there is a thriving middle class the obscenely wealthy make MORE money. Even with the additional taxes. Currently the oligarchy is trading earnings for raw political power. Historically, guillotines are the response. I think we can all agree that taxes are the more civil alternative.

[@johnmartin4641]

@@quinndawsonosgood5261 it’s not bootlicking if I am in that group of people who’s taxes would go up. I used the calculator on his campaign website and it said I’d pay well over $300,000 more in taxes. Also, “bootlickers” are people who realize they don’t deserve to be rewarded for failing and others shouldn’t be punished for their failures. Guillotines are illegal today, and today we have gated communities and guns and ammo. I’m going to continue to pay as little in taxes as possible and if the failures of the country have a problem with that, too bad. They can’t guillotine me because I live in a gated community and have plenty of guns and ammo to defend myself. The people who advocate for guillotines don’t have guns because they believe guns are evil and should be banned.

[@smmydvr]

OK, before I hear the today portion, Reich is killing it with the actual details and what is important!! Thank you RR!!

[@ronaldronald8819]

This is amazing. Is this a turning point? Hard to believe. Brave of Asher Edelman to publicly admit he was wrong. Hard to wrap my head around the sufferings he and people like him inflicted on millions and millions of people.

[@ey67]

Brave?. Geez

[@tinamclaughlin1991]

Its good you and him are thinking Americans!

[@lesmoore5892]

I find it amazing that we the people still have conversations about left and right when they are both soooo well fed! Smh

[@troubledsole9104]

Imagine how well off the average American would be today if it were not for the greed.

[@NicolasMendoula]

I am not a religious guy but last time I checked the bible Greed was a CAPITAL sin.

[@armartin0003]

When you introduced him, I was so blown away my hair actually got blown back. I'm inside. O_O

[@travisbrewer5391]

And I recognized the 3rd Party in the discussion, Robin McNeil

[@jaimeorr4661]

Glad to see you back on what your a expert on - Economics :P The admission from your rival, of your right - had to be one of the greatest feelings in your life.

[@garyreid6165]

This meeting reminds me of the time I was in the 6th grade. I went to the principal’s office to talk to him about a problem with some kids in school. The assistant principal was present and the two men listened to my problem. The principal told me that there really was nothing more that they could do about it but suggested that I simply stay away from the kids who were bothering me. The principal told me of the time that he was a kid in school and he said that he and the assistant principal used to fight over things like a pencil. As the years went by, the two men grew out of the that pettiness and decided to work together. It is interesting to see a person admit that Wall Street is a fraud. In fact, it is a sign that wisdom and not wealth and greed became a big part of his conscience.

[@f_USAF-Lt.G]

Great thing to be able to get together for another interview 30 years later - even with social distancing being proven not a problem. 😷

[@cplassen2138]

Now that was remarkable. Wow.

[@suzyq1934]

Problem is the damage is done. Now it's a much higher mountain to climb to fix up their f#@k up$.

[@pawfan]

What happened back then...We get to pay for now!

[@jalalrumi9653]

Dr.R.R. A man with power of prophecy and wisdom of being always right

[@C3yl0]

Very beautiful and inspiring to see two professionals that once were in opposite directions and years later meet to revisit those views and discuss the ones that have changed and the ones that have not. 👽♥️♥️♥️

[@ssmith2019]

Greed is NOT Good ! But It Is Good to Remember that there are always Greedy People !

[@SidewaysN]

Thank you for the work that you've done, and are still doing

[@iandhr1]

In the sequel (which isn't as good of course) Gordon Gekko says of the 2008 financial crisis "I am small time compared to these crooks."

[@Gilgamesh12382]

Able to admit you were wrong is the greatest and single most important quality a leader should have

[@alexanderlopez7659]

was that it? is there more. I can understand his talking point back in the 1980s but would love to hear more on the point of reflection of almost 50 years in the BIZZ. Pros/justifications & cons/lament over the years. 1980-2021 is a long time to play out but in the 50s ppl thought we'd have flying cars and we are JUST NOW getting electric ones. Future prospect and actual outcome are very different. like where did he think we would be, where are we, and where ”could” we have been? are good questions. I love hearing the points of views of old folks ( no disrespect ) because they have thought, dreamed and done all we have or will have before but only they know the path and outcome already. We have too many options and not enough debate on too many topics now of days an ECO-SYSTEM on any idea is a bad idea all around truth and knowledge is the best we can hope for. thank you, like for a posable pt2.

[@fredericrike5974]

Come on, guy! Flying cars? I'll bet you drive to and from work on busy roads; would you really want to go flying with all your bad driving neighbors at rush hour? It was always going to have to come after the self driving car was invented and took all the terrible unlicensed truck drivers off the roads. Wink, wink, nudge , nudge!

[@alexanderlopez7659]

@@fredericrike5974 oh, I know i drive for a living. in the 50s ppl didnt even know what A.I. stands for, that was pre-pong days and we've come a long way. ppl think now that in 50 years well have nanotechnology, and smart toilets will put doctors out of a job. because after you use one you'll get a pop up in your eye saying to eat more Iron or something. who knows maybe in 50yearz ill check KZbin if its still around and let you know lol.

[@fredericrike5974]

@@alexanderlopez7659 Since I feel personally obligated to start as much new trouble before I pass on, I'll second your thoughts!If Computers and cell phones are what we got as "side benefits" of going to the Moon, what would we have got if we had never stopped and gone on the Mars?

[@alexanderlopez7659]

@@fredericrike5974 ”Get in trouble, good trouble, necessary trouble!” - John Lewis one thing I hope for us, is better use and technology with water. when and if we can keep men alive long term on Mars ANOTHER PLANET! wow yes we should cheer and clap ourselves on the backs but then let us not say we just CAN NOT find clean drinking water for the millions of children who live here on Earth with us that die far too young due to diseases, forced to drink bad water, water that here in the 1st world where I live that nobody would allow their dog to drink from.

[@fredericrike5974]

@@alexanderlopez7659 Roger all that!

[@tylerhackner9731]

The game has ALWAYS been rigged. The sky is blue.

[@beckymayfield8804]

I would appreciate your opinion on my playlist, thanks .

[@TacoBear_Studios]

Greed is never good you take more than you need and take away from those who need it.

[@rodb66]

I'm glad to see that Asher changed his perspective.

[@heathertaylor-willockx3632]

So nice to hear people talking about issues and actually listening to what the other person has to say. Its so great that people can disagree and actually talk about it. Especially when they can agree later, or even admit they were wrong without it being the end of the world on either side.

[@flyingfig12]

And that's why we love & appreciate you! Btw, you're still very handsome. I think it's ok for me to say that.

[@roc7880]

The issue is that Geko said for the lack of a better word. That implies there is something you cannot define.

[@keysearthman425]

Thank you Asher, for sharing the lesson you have learned. There is hope that we can create a more fair, just and humane world. Thank you Robert, for always being at the forefront of that greatest of endeavors.

[@bobgreene2892]

Congratulations for your succinct, effective argument against the "greed is good" delusion of the 1980's. All the more compelling for being voiced at the beginning, before bitter experience confirmed your admonitions.

[@talimn]

This is fantastic to see. Great piece.

[@jennifergross3506]

Wow, so interesting!

[@willardgage2131]

So how is he actively working to make change? It's great he admits he was wrong and short cited but he has 33 years to make up for after unleashing this monster on the worker. What is he doing that we workers can support?

[@ey67]

He's partying too much from his looks. They all look like crypt kickers now and still sound like them too.

[@TommyShlong]

Impressive. I would LOVE to see an in depth interview with Reich and Edelman (or even a series of interviews). To learn the details about what changed in the 80s on wall st and in the management of publicly traded companies. Additionally, how Wall St and management operate today and the resulting short and long-term effects on the middle class and the economy.

[@jimilee4660]

Ah yes, the eighties. I went back to school and everyone was gonna get an MBA and go off to Wall Street and get rich and retire in their 30s. The same salt of the earth republicans sitting around voting for trump and griping that the system is rigged, all the while trying to find some angle to cheat the system.

[@ey67]

True

[@floydblandston108]

You were correct 33 years ago, my little Ewok friend, and I've been waiting for these days since then, right along with you. : )

[@kwaynr1301]

Great video sir! Thanks👍