Coffee Party Video: Lawrence Lessig Says “Clean Up Wall Street & K Street”

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    Nice job by Laurence Lessig and the Coffee Party Movement.

    …The financial system has been so mismanaged, because Congress is terrified that if they do the right thing they will be punished by the very people they are trying to regulate. And that’s why it is so critical right now, for people across the country, whether from the left or the right, to push extraordinarily hard to achieve two critical reforms.  Number one, a reform of the banking system, so that these people don’t have the power to blackmail our Congress into giving them the special deals that they want. And number two, a reform of campaign financing, so that people cannot use their extraordinarily powerful wealth and influence to affect and hold hostage our Congress. These are critical reforms and we need them right now…

    • Teddy Goodson

      are the standard issue for Congresspersons. Mr. Lessig is right: it is now or never because massive public impatience with Wall Street and the two-tier economy is at its peak. For once a vote in the public interest to reform the Big Money system will secure the respect and informed backing of the constituents. If not now, then when?

      It is exactly this: the malicious power of big money and big-name-influence which has corrupted and brought down every republic in history (usually within about 200 years, i.e., once wealth is accumulated to a sufficient degree to enable the holders of that wealth to game whatever system under which the republic operated). Our founders were well aware of this dismal record, and rightly feared the concentration of great wealth into a few hands.

      We are the first republic in history which has had such a large, educated constituency, and if we cannot change the scenario of decay, then none will be able to do so—- and the great experiment in self-government will have failed.    

    • Teddy Goodson

      are the standard issue for Congresspersons. Mr. Lessig is right: it is now or never because massive public impatience with Wall Street and the two-tier economy is at its peak. For once a vote in the public interest to reform the Big Money system will secure the respect and informed backing of the constituents. If not now, then when?

      It is exactly this: the malicious power of big money and big-name-influence which has corrupted and brought down every republic in history (usually within about 200 years, i.e., once wealth is accumulated to a sufficient degree to enable the holders of that wealth to game whatever system under which the republic operated). Our founders were well aware of this dismal record, and rightly feared the concentration of great wealth into a few hands.

      We are the first republic in history which has had such a large, educated constituency, and if we cannot change the scenario of decay, then none will be able to do so—- and the great experiment in self-government will have failed.    

    • jack

      …so that lobbyists (and unions, and PACs, and corporations) cannot contribute to campaigns, candidates, or parties?