During a town hall on Saturday, Sen. Bernie Sanders (I-VT) spoke about the concentration of ownership in different private sectors, particularly the media sector.
00:00But it's not only income and wealth and equality.
00:08Today you have more concentration of ownership in America.
00:13In every major sector, financial services, transportation, agriculture, media.
00:19You've got a handful of giant corporations that determine what is produced,
00:25how it's produced, how workers are treated, and what you pay for those products.
00:32But it's not just income and wealth and equality.
00:36It is not just a small number of people controlling our economy.
00:40You have six major media conglomerates that control in this country
00:48what 90% of our people see, hear, and read.
00:54It is not an accident, brothers and sisters, that Mr. Musk owns Twitter.
01:06Not an accident that Mr. Zuckerberg owns Meta, which is Instagram and Facebook.
01:13Not an accident that Mr. Ellison recently bought Paramount, which owns CBS.
01:23Not an accident that Jeff Bezos owns the Washington Post and Twitch.
01:32Not an accident that our good friend Rupert Murdoch owns the New York Post,
01:38Wall Street Journal, and right-wing publications all over the world.
01:48Bottom line, never before in American and, in fact, world history have so few people had so much wealth and economic power.
02:03And with this development of AI, which is a whole world unto itself, they're going to have, unless we stop them, more concentration of ownership and more power.
02:18But it's not just the economy that these guys control.
02:24And that is what we're seeing and what makes this particular campaign of interest worldwide.
02:33These guys control, especially since the disastrous Citizens United Supreme Court decision.
02:46We have a situation where it is perfectly legal for billionaires to set up super PACs
02:52and spend hundreds and hundreds of millions of dollars supporting candidates who protect the interests of the rich
03:00and defeating candidates who are trying to represent working families.
03:05So, in other words, what you are seeing now is an oligarchy with enormous economic power and enormous political power in both political parties.
Be the first to comment