Jeff Sachs - Money Talks: The Distortion of Money in Democracy 2/5

The video discusses the systemic corruption in US politics, highlighting the influence of powerful lobbies and the resulting corporatocracy. It examines the disconnect between public opinion and political actions, particularly in the context of climate change denial and growing libertarianism. The video also addresses economic inequality, deregulation, and the role of Wall Street in the 2008 financial crisis. It concludes with a critique of political bailouts and their impact on governance.

What term is used to describe the system where public opinion is not effectively influencing Congress due to the influx of money?

• Plutocracy

• Oligarchy

• Corporatocracy

• Democracy

Which sector is mentioned as having blocked effective action on climate change for over 20 years?

• Agriculture

• Automobile

• Technology

• Big Oil

What political ideology is described as growing and ethically disheartening due to its focus on self-help over community aid?

• Progressivism

• Socialism

• Conservatism

• Libertarianism

What was a significant consequence of deregulating Wall Street before the 2008 financial crisis?

• Increased taxes

• Improved public services

• Reduction in bonuses

• Tens of billions in bonuses

What was the public reaction to the TARP bailout regarding accountability?

• Indifference

• Outrage over lack of accountability

• Relief and satisfaction

• Support for the decision