Merican National Govenemnt: Video response questions

View the following videos and respond to the questions that follow in no less than one
substantive paragraph each (the more developed your response the better). A total of four to five
double lined spaced pages will suffice.

The United States of ALEC
Moyers & Company presents a?United States of ALEC,a? a report on the most influential corporate-
funded political force most of America has never heard of a ALEC, the American Legislative Exchange
Council.

To watch the video go to: To what was the a?Occupy Wall Streeta? movement a response?

2. How did relative new innovations in financial instruments such as CDSs seem to mitigate credit
risk in the financial markets and transform credit into an asset?

3. Were our existing federal oversight authorities able to meet the challenges presented by these new
instruments? Why or why not?

4. Who is Brooksley Born? How and why were her warnings about the derivatives market
prescient? How did her counter-parts at the Federal Reserve oppose her?

5. What was the reasoning behind the overturning / repeal of the 1933 Glass a Steagall Act? Who
pushed for its repeal and what were the effects of it?

6. How does Wall Streetas profound a/effects on American society challenge the ability of the
federal government to act in the interests of the people?

RSA Animate Crisis of Capitalism, radical sociologist David Harvey asks if it is time to look beyond
capitalism, towards a new social order that would allow us to live within a responsible, just and humane
system.

1. To what does Harvey refer when he alludes to a?genresa? of explanation for the economic crisis of
2008 a present? What four does he specify?

2. How do cultural values condition preconceptions of capitalism and its effectiveness?

3. What advantages does a Marxian perspective on the global economic crisis confer, according to
Harvey?

4. To what practice in capital process does Harvey attribute the crisis?

5. Why does Harvey assert that workers have to (must) join anti-capitalist organizations? Do you
think his reasons compelling? Explain why and/or why not.